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Stocks · Health care · Services-Medical Laboratories

Burning Rock Biotech Ltd

BNR Clue Score41
CIK 0001792267
$15.49 +1.91% Close, 9 Oct 2026
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Price $15.49 −5.43% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Jun 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue208.9Operating income−161.4Net income−177.5Fiscal year 2019Revenue381.7 +82.7%Operating income−169.1Net income−169.2Fiscal year 2020Revenue429.9 +12.6%Operating income−412.4Net income−407.2Fiscal year 2021Revenue507.9 +18.1%Operating income−797.1Net income−796.7Fiscal year 2022Revenue563.2 +10.9%Operating income−980.4Net income−971.2Fiscal year 2023Revenue537.4 −4.6%Operating income−669.3Net income−653.7Fiscal year 2024Revenue515.8 −4.0%Operating income−357.6Net income−346.6Fiscal year 2025Revenue539.6 +4.6%Operating income−54.8Net income−55.3
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 208.9 381.7 429.9 507.9 563.2 537.4 515.8 539.6
Growth +82.7% +12.6% +18.1% +10.9% −4.6% −4.0% +4.6%
Operating income −161.4 −169.1 −412.4 −797.1 −980.4 −669.3 −357.6 −54.8
Net income −177.5 −169.2 −407.2 −796.7 −971.2 −653.7 −346.6 −55.3
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Gross margin64.7%Operating margin−77.3%Net margin−85.0%Free cash flow margin−82.3%Fiscal year 2019Gross margin71.6%Operating margin−44.3%Net margin−44.3%Free cash flow margin−71.0%Fiscal year 2020Gross margin73.0%Operating margin−95.9%Net margin−94.7%Free cash flow margin−31.1%Fiscal year 2021Gross margin71.7%Operating margin−156.9%Net margin−156.9%Free cash flow margin−134.3%Fiscal year 2022Gross margin67.5%Operating margin−174.1%Net margin−172.4%Free cash flow margin−92.1%Fiscal year 2023Gross margin67.6%Operating margin−124.5%Net margin−121.6%Free cash flow margin−49.1%Fiscal year 2024Gross margin70.3%Operating margin−69.3%Net margin−67.2%Free cash flow margin−18.9%Fiscal year 2025Gross margin74.7%Operating margin−10.2%Net margin−10.3%Free cash flow margin−6.2%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 64.7% 71.6% 73.0% 71.7% 67.5% 67.6% 70.3% 74.7%
Operating margin −77.3% −44.3% −95.9% −156.9% −174.1% −124.5% −69.3% −10.2%
Net margin −85.0% −44.3% −94.7% −156.9% −172.4% −121.6% −67.2% −10.3%
Free cash flow margin −82.3% −71.0% −31.1% −134.3% −92.1% −49.1% −18.9% −6.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow−148.8Capital expenditure−23.2Free cash flow−172.0Buybacks0.0Fiscal year 2019Operating cash flow−228.0Capital expenditure−43.0Free cash flow−271.0Buybacks−3.6Fiscal year 2020Operating cash flow−73.5Capital expenditure−60.3Free cash flow−133.8Buybacks0.0Fiscal year 2021Operating cash flow−477.9Capital expenditure−204.3Free cash flow−682.2Buybacks0.0Fiscal year 2022Operating cash flow−456.8Capital expenditure−62.0Free cash flow−518.8Fiscal year 2023Operating cash flow−255.8Capital expenditure−8.1Free cash flow−263.9Fiscal year 2024Operating cash flow−92.3Capital expenditure−5.4Free cash flow−97.7Fiscal year 2025Operating cash flow−28.4Capital expenditure−5.2Free cash flow−33.7
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −148.8 −228.0 −73.5 −477.9 −456.8 −255.8 −92.3 −28.4
Capital expenditure −23.2 −43.0 −60.3 −204.3 −62.0 −8.1 −5.4 −5.2
Free cash flow −172.0 −271.0 −133.8 −682.2 −518.8 −263.9 −97.7 −33.7
Growth
Buybacks 0.0 −3.6 0.0 0.0 n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2018Cash93.3Shareholders’ equity−603.5Fiscal year 2019Cash94.2Shareholders’ equity−891.5Fiscal year 2020Cash1,895.3Shareholders’ equity2,421.0Fiscal year 2021Cash1,431.3Shareholders’ equity1,845.3Fiscal year 2022Cash905.5Shareholders’ equity1,158.3Fiscal year 2023Cash615.1Shareholders’ equity768.4Fiscal year 2024Cash519.8Shareholders’ equity580.8Fiscal year 2025Cash478.4Shareholders’ equity535.3
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 93.3 94.2 1,895.3 1,431.3 905.5 615.1 519.8 478.4
Shareholders’ equity −603.5 −891.5 2,421.0 1,845.3 1,158.3 768.4 580.8 535.3

In millions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of CNY, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
93.3 94.2 1,895.3 1,431.3 905.5 615.1 519.8 478.4
n/a 88.8 88.2 92.2 110.0 126.9 152.0 169.6
n/a 58.1 68.0 123.2 130.3 69.0 53.8 48.6
n/a 89.3 111.5 325.4 251.8 131.9 47.2 31.1
n/a 847.6 2,663.0 2,278.6 1,587.5 1,040.0 885.3 820.4
Growth +214.2% −14.4% −30.3% −34.5% −14.9% −7.3%
Liabilities
n/a 212.0 242.0 433.3 429.1 271.6 304.5 285.1
Equity
n/a −946.5 −1,418.2 −2,228.7 −3,199.9 −3,853.6 −4,200.3 −4,255.6
−603.5 −891.5 2,421.0 1,845.3 1,158.3 768.4 580.8 535.3
Growth −23.8% −37.2% −33.7% −24.4% −7.8%
Per share and net cash
n/a 25.0 0.0 n/a n/a n/a n/a n/a
calc n/a −35.61 n/a n/a n/a n/a n/a n/a

Lines marked calc are worked out here from filed figures; point at one for how. Shown in CNY as filed; the screener converts to dollars.