What is Black Diamond Therapeutics, Inc.'s earnings per share (EPS)?

Black Diamond Therapeutics, Inc. (BDTX) reported diluted earnings per share of $0.39 for fiscal year 2025. This represents a 130.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Black Diamond Therapeutics, Inc. Financials

BDTX

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Black Diamond Therapeutics, Inc. (BDTX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 78/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Black Diamond Therapeutics, Inc. has an operating margin of 17.9%, meaning the company retains $18 of operating profit per $100 of revenue. This results in a moderate score of 62/100, indicating healthy but not exceptional operating efficiency.

Leverage

Black Diamond Therapeutics, Inc. carries a low D/E ratio of 0.27, meaning only $0.27 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 8.42, Black Diamond Therapeutics, Inc. holds $8.42 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Returns

Black Diamond Therapeutics, Inc.'s ROE of 19.9% shows moderate profitability relative to equity, earning a score of 55/100. This is up from -83.7% the prior year.

Altman Z-Score Distress

-0.06

Black Diamond Therapeutics, Inc. scores -0.06, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($140.4M) relative to total liabilities ($30.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

6/9

Black Diamond Therapeutics, Inc. passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.32x

For every $1 of reported earnings, Black Diamond Therapeutics, Inc. generates $1.32 in operating cash flow ($29.6M OCF vs $22.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$70.0M

Black Diamond Therapeutics, Inc. generated $70.0M in revenue in fiscal year 2025.

EBITDA

$12.8M

YoY+116.4%

Black Diamond Therapeutics, Inc.'s EBITDA was $12.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 116.4% from the prior year.

Net Income

$22.4M

YoY+132.1%

Black Diamond Therapeutics, Inc. reported $22.4M in net income in fiscal year 2025. This represents an increase of 132.1% from the prior year.

EPS (Diluted)

$0.39

YoY+130.7%

Black Diamond Therapeutics, Inc. earned $0.39 per diluted share (EPS) in fiscal year 2025. This represents an increase of 130.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$21.0M

YoY-42.4%

5Y CAGR-9.5%

Black Diamond Therapeutics, Inc. held $21.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

57M

YoY+0.9%

5Y CAGR+9.6%

Black Diamond Therapeutics, Inc. had 57M shares outstanding in fiscal year 2025. This represents an increase of 0.9% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

17.9%

Black Diamond Therapeutics, Inc.'s operating margin was 17.9% in fiscal year 2025, reflecting core business profitability.

Net Margin

31.9%

Black Diamond Therapeutics, Inc.'s net profit margin was 31.9% in fiscal year 2025, showing the share of revenue converted to profit.

Return on Equity

19.9%

YoY+103.6pp

5Y CAGR+41.8pp

Black Diamond Therapeutics, Inc.'s ROE was 19.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 103.6 percentage points from the prior year.

Capital Allocation

R&D Spending

$33.6M

YoY-34.6%

5Y CAGR-7.0%

Black Diamond Therapeutics, Inc. invested $33.6M in research and development in fiscal year 2025. This represents a decrease of 34.6% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

BDTX Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$70.0M	$0	N/A	N/A	N/A	$0
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$33.6M-34.6%	$51.3M-13.5%	$59.4M-7.9%	$64.4M-33.5%	$96.8M+100.9%	$48.2M
SG&A Expenses	$16.6M-39.7%	$27.5M+1.3%	$27.1M-4.5%	$28.4M-5.5%	$30.0M+40.6%	$21.4M
Operating Income	$12.5M+115.9%	-$78.8M+8.9%	-$86.5M+6.9%	-$92.8M+26.8%	-$126.9M-82.4%	-$69.6M
Interest Expense	N/A	N/A	N/A	N/A	$0-100.0%	$1K
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	$22.4M+132.1%	-$69.7M+15.5%	-$82.4M+9.6%	-$91.2M+27.4%	-$125.6M-86.7%	-$67.3M
EPS (Diluted)	$0.39+130.7%	$-1.27+32.4%	$-1.88+25.4%	$-2.52+27.4%	$-3.47-69.3%	$-2.05

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	$0	$0-100.0%	$70.0M	N/A	$0	$0	$0
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	$7.4M-20.2%	$9.3M-11.3%	$10.5M	N/A	$12.9M+2.9%	$12.6M-7.3%	$13.5M
SG&A Expenses	N/A	$3.5M-13.7%	$4.1M-17.4%	$5.0M	N/A	$5.2M-45.5%	$9.6M+42.9%	$6.7M
Operating Income	N/A	-$11.0M+18.2%	-$13.4M-124.6%	$54.5M	N/A	-$18.1M+18.1%	-$22.1M-9.3%	-$20.2M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	$226K	N/A	N/A	N/A	N/A
Net Income	N/A	-$8.5M+19.5%	-$10.6M-118.7%	$56.5M	N/A	-$15.6M+21.9%	-$19.9M-9.2%	-$18.2M
EPS (Diluted)	N/A	$-0.15+21.1%	$-0.19-119.4%	$0.98	N/A	$-0.28+22.2%	$-0.36-2.9%	$-0.35

BDTX Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$143.0M+16.6%	$122.6M-22.7%	$158.6M+1.5%	$156.3M-36.9%	$247.7M-24.9%	$329.7M
Current Assets	$132.4M+30.9%	$101.2M-24.5%	$134.0M+5.0%	$127.7M-40.8%	$215.7M-32.5%	$319.6M
Cash & Equivalents	$21.0M-42.4%	$36.4M-35.2%	$56.2M+63.8%	$34.3M-47.8%	$65.8M+90.1%	$34.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$30.8M-21.7%	$39.4M-5.9%	$41.8M+3.1%	$40.6M-21.7%	$51.8M+136.3%	$21.9M
Current Liabilities	$15.7M-23.5%	$20.6M+4.7%	$19.6M+28.7%	$15.3M-35.4%	$23.6M+66.3%	$14.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$112.2M+34.7%	$83.3M-28.7%	$116.7M+0.9%	$115.7M-40.9%	$195.9M-36.3%	$307.8M
Retained Earnings	-$464.7M+4.6%	-$487.1M-16.7%	-$417.4M-24.6%	-$335.0M-37.4%	-$243.8M-106.2%	-$118.2M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$143.0M-9.3%	$157.7M-5.2%	$166.4M-5.6%	$176.2M+43.7%	$122.6M-11.1%	$137.9M-8.1%	$150.0M+5.2%	$142.5M
Current Assets	$132.4M-4.7%	$139.0M-5.3%	$146.7M-5.8%	$155.7M+53.9%	$101.2M-12.4%	$115.5M-8.8%	$126.8M+6.7%	$118.8M
Cash & Equivalents	$21.0M-32.0%	$30.9M+2.9%	$30.0M-69.5%	$98.4M+170.1%	$36.4M+55.5%	$23.4M-28.6%	$32.8M+29.1%	$25.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$30.8M-2.5%	$31.6M-6.5%	$33.8M-2.7%	$34.7M-11.8%	$39.4M-2.8%	$40.5M+3.9%	$39.0M+2.0%	$38.2M
Current Liabilities	$15.7M+1.2%	$15.5M-7.5%	$16.8M-0.2%	$16.8M-18.1%	$20.6M-1.1%	$20.8M+12.8%	$18.4M+9.4%	$16.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$112.2M-11.1%	$126.2M-4.9%	$132.6M-6.3%	$141.5M+69.9%	$83.3M-14.5%	$97.4M-11.8%	$110.5M+6.0%	$104.3M
Retained Earnings	-$464.7M-3.4%	-$449.6M-1.9%	-$441.1M-2.5%	-$430.6M+11.6%	-$487.1M-3.4%	-$471.1M-3.4%	-$455.6M-4.6%	-$435.7M

BDTX Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$29.6M+147.5%	-$62.3M+6.6%	-$66.7M+21.6%	-$85.1M+15.0%	-$100.1M-92.1%	-$52.1M
Capital Expenditures	N/A	$0-100.0%	$33K-82.8%	$192K-92.9%	$2.7M+1808.5%	$142K
Free Cash Flow	N/A	-$62.3M+6.7%	-$66.8M+21.7%	-$85.3M+17.1%	-$102.9M-96.7%	-$52.3M
Investing Cash Flow	-$44.9M-364.6%	$17.0M+3.8%	$16.3M-69.4%	$53.4M-59.1%	$130.6M+146.4%	-$281.7M
Financing Cash Flow	-$146K-100.6%	$25.5M-64.5%	$71.9M+40539.5%	$177K-75.7%	$729K-99.7%	$214.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$6.8M+13.5%	-$7.8M+14.3%	-$9.2M-117.1%	$53.4M+454.8%	-$15.1M-33.0%	-$11.3M+23.1%	-$14.7M+30.5%	-$21.2M
Capital Expenditures	N/A	N/A	N/A	N/A	$0	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	-$15.1M	N/A	N/A	N/A
Investing Cash Flow	-$2.9M-133.6%	$8.6M+114.5%	-$59.2M-792.1%	$8.5M-69.2%	$27.8M+1166.3%	$2.2M+196.4%	$740K+105.4%	-$13.7M
Financing Cash Flow	-$196K-246.3%	$134K+215.5%	-$116K-462.5%	$32K-89.0%	$291K+215.5%	-$252K-101.2%	$21.4M+417.6%	$4.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BDTX Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	17.9%	N/A	N/A	N/A	N/A	N/A
Net Margin	31.9%	N/A	N/A	N/A	N/A	N/A
Return on Equity	19.9%+103.6pp	-83.7%-13.0pp	-70.6%+8.2pp	-78.8%-14.7pp	-64.1%-42.3pp	-21.9%
Return on Assets	15.6%+72.5pp	-56.8%-4.8pp	-52.0%+6.4pp	-58.4%-7.6pp	-50.7%-30.3pp	-20.4%
Current Ratio	8.42+3.5	4.92-1.9	6.82-1.5	8.37-0.8	9.12-13.4	22.48
Debt-to-Equity	0.27-0.2	0.47+0.1	0.360.0	0.35+0.1	0.26+0.2	0.07
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	77.9%	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	80.8%	N/A	N/A	N/A	N/A
Return on Equity	N/A	-6.7%+1.2pp	-8.0%-47.9pp	40.0%	N/A	-16.0%+2.0pp	-18.0%-0.5pp	-17.5%
Return on Assets	N/A	-5.4%+1.0pp	-6.3%-38.4pp	32.1%	N/A	-11.3%+2.0pp	-13.3%-0.5pp	-12.8%
Current Ratio	8.42-0.5	8.94+0.2	8.73-0.5	9.24+4.3	4.92-0.6	5.55-1.3	6.87-0.2	7.05
Debt-to-Equity	0.27+0.0	0.250.0	0.250.0	0.25-0.2	0.47+0.1	0.42+0.1	0.35-0.0	0.37
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Black Diamond Therapeutics, Inc.'s annual revenue?

Black Diamond Therapeutics, Inc. (BDTX) reported $70.0M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is Black Diamond Therapeutics, Inc. profitable?

Yes, Black Diamond Therapeutics, Inc. (BDTX) reported a net income of $22.4M in fiscal year 2025, with a net profit margin of 31.9%.

What is Black Diamond Therapeutics, Inc.'s EBITDA?

Black Diamond Therapeutics, Inc. (BDTX) had EBITDA of $12.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Black Diamond Therapeutics, Inc.'s operating margin?

Black Diamond Therapeutics, Inc. (BDTX) had an operating margin of 17.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Black Diamond Therapeutics, Inc.'s net profit margin?

Black Diamond Therapeutics, Inc. (BDTX) had a net profit margin of 31.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Black Diamond Therapeutics, Inc.'s return on equity (ROE)?

Black Diamond Therapeutics, Inc. (BDTX) has a return on equity of 19.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Black Diamond Therapeutics, Inc.'s operating cash flow?

Black Diamond Therapeutics, Inc. (BDTX) generated $29.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Black Diamond Therapeutics, Inc.'s total assets?

Black Diamond Therapeutics, Inc. (BDTX) had $143.0M in total assets as of fiscal year 2025, including both current and long-term assets.

How much does Black Diamond Therapeutics, Inc. spend on research and development?

Black Diamond Therapeutics, Inc. (BDTX) invested $33.6M in research and development during fiscal year 2025.

How many shares does Black Diamond Therapeutics, Inc. have outstanding?

Black Diamond Therapeutics, Inc. (BDTX) had 57M shares outstanding as of fiscal year 2025.

What is Black Diamond Therapeutics, Inc.'s current ratio?

Black Diamond Therapeutics, Inc. (BDTX) had a current ratio of 8.42 as of fiscal year 2025, which is generally considered healthy.

What is Black Diamond Therapeutics, Inc.'s debt-to-equity ratio?

Black Diamond Therapeutics, Inc. (BDTX) had a debt-to-equity ratio of 0.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Black Diamond Therapeutics, Inc.'s return on assets (ROA)?

Black Diamond Therapeutics, Inc. (BDTX) had a return on assets of 15.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Black Diamond Therapeutics, Inc.'s Altman Z-Score?

Black Diamond Therapeutics, Inc. (BDTX) has an Altman Z-Score of -0.06, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Black Diamond Therapeutics, Inc.'s Piotroski F-Score?

Black Diamond Therapeutics, Inc. (BDTX) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Black Diamond Therapeutics, Inc.'s earnings high quality?

Black Diamond Therapeutics, Inc. (BDTX) has an earnings quality ratio of 1.32x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Black Diamond Therapeutics, Inc.?

Black Diamond Therapeutics, Inc. (BDTX) scores 78 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.