Seer, Inc.
SEER · Laboratory Analytical Instruments · 55.0M shares · +117%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$28M (gross $13K, SBC $28M)
Reference price $1.69 · est. market cap ~$93M — last insider sale, 2026-05-20 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D44Proteomics-tools company with deep losses and cash burn, very cash-rich.
Strengths
- Very cash-rich — current ratio 12.8 (96th)
Risks
- Deep losses — operating margin -470%
- Cash burn — FCF -$46M
- Tools-adoption/scale risk — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, CITADEL ADVISORS LLC
- Net lossNet loss (net margin -444.0%)
- Cash burnNegative free cash flow (-46.2M)
- Chronic dilutionShare count +117%/yr over 2y (dilution, book value/share -83%)
- Strong balance sheetStrong balance sheet — $295M cash & investments, ~26 quarters of runway
- Notable holderHeld by 4 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, GOLDMAN SACHS GROUP INC, STATE STREET CORP +1 more (as of 2026-03-31)
- Insider sellingInsider selling — 3 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, last 6mo) Form 4 ↗
- Revenue declineRevenue -33.5% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
51.1%
Operating margin
-470.5%
Net margin
-444.0%
Return on equity
-28.4%
Return on assets
-24.9%
Revenue growth (QoQ)
-33.5%
Current ratio
12.8×
Free cash flow
-$46M
EBITDA
-$73M
Tangible book value
$259M
Cash & investments
$295M
Cash runway
26q
Stock comp / revenue
93.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-20 | Horn David R. | Sell | 7.3K | $1.69 |
| 2026-05-08 | Bazarko Anthony R. | Grant | 75K | — |
| 2026-02-18 | Horn David R. | Sell | 7.7K | $1.99 |
| 2026-02-18 | Farokhzad Omid | Sell | 24K | $1.99 |
| 2026-02-03 | Horn David R. | Grant | 79K | — |
| 2026-02-03 | Farokhzad Omid | Grant | 697K | — |
| 2025-12-09 | Farokhzad Omid | Conversion | 1.4M | — |
| 2025-12-09 | Farokhzad Omid | Conversion | 2.1M | — |
| 2025-12-09 | MCGUIRE TERRANCE | Conversion | 4.1K | — |
| 2025-11-19 | Horn David R. | Sell | 6.8K | $1.97 |
| 2025-11-19 | Farokhzad Omid | Sell | 34K | $1.97 |
| 2025-09-02 | Ro Isaac | Grant | 41K | — |
| 2025-08-20 | Horn David R. | Sell | 6.8K | $2.04 |
| 2025-08-20 | Farokhzad Omid | Sell | 34K | $2.04 |
| 2025-07-07 | Roelofs Nicolas H PHD | Grant | 17K | — |
| 2025-07-07 | Nishar Dipchand | Grant | 20K | — |
| 2025-07-07 | MCGUIRE TERRANCE | Grant | 20K | — |
| 2025-07-07 | LANGER ROBERT | Grant | 20K | — |
| 2025-07-07 | Gulyani Meeta | Grant | 20K | — |
| 2025-06-13 | Nishar Dipchand | Sell | 30K | $2.08 |
| 2025-05-20 | Horn David R. | Sell | 6.8K | $2.08 |
| 2025-05-20 | Farokhzad Omid | Sell | 34K | $2.08 |
| 2025-02-18 | Horn David R. | Tax withheld | 27K | $2.30 |
| 2025-02-18 | Farokhzad Omid | Tax withheld | 88K | $2.30 |
| 2025-02-04 | Horn David R. | Sell | 3.5K | $2.24 |
| 2025-02-04 | Farokhzad Omid | Sell | 8.1K | $2.24 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-22 | 2026-05-21 | 0001193125-26-235517 ↗ |
| 8-K | 2026-05-13 | 2026-05-13 | 0001193125-26-221696 ↗ |
| 10-Q | 2026-05-13 | 2026-03-31 | 0001193125-26-221724 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0001193125-26-204084 ↗ |
| 10-K/A | 2026-04-30 | 2025-12-31 | 0001193125-26-197354 ↗ |
| 8-K | 2026-04-27 | 2026-04-27 | 0001193125-26-182155 ↗ |
| 8-K | 2026-04-13 | 2026-04-13 | 0001193125-26-152998 ↗ |
| 8-K | 2026-03-30 | 2026-03-23 | 0001193125-26-131802 ↗ |
| 8-K | 2026-03-16 | 2026-03-13 | 0001193125-26-107335 ↗ |
| 10-K | 2026-03-02 | 2025-12-31 | 0001193125-26-085481 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001193125-26-076684 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001193125-26-076580 ↗ |