10x Genomics, Inc.
TXG · Laboratory Analytical Instruments · 122.3M shares · +32%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$167M (gross $80K, SBC $167M)
Reference price $33.29 · est. market cap ~$4.1B — last insider sale, 2026-06-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C60Genomics-tools company (Chromium/Xenium) — near breakeven with positive free cash flow and elite gross margin.
Strengths
- Positive free cash flow, elite gross margin — FCF $130M (70th), FCF margin 20%, gross margin 69% (100th)
Risks
- Near-breakeven/net loss — operating margin -9%, net margin -7%
- Slow growth, IP-litigation overhang — revenue +5%
- Single-source-supply risk — per 10-K
Notable findings
- Net lossNet loss (net margin -6.8%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Chronic dilutionShare count +32%/yr over 4y (dilution, book value/share -68%)
- Notable holderHeld by 7 notable fund(s): FMR LLC, ARK Investment Management LLC, GOLDMAN SACHS GROUP INC +4 more (as of 2026-03-31)
- Insider sellingInsider selling — 19 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$4M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
69.1%
Operating margin
-9.5%
Net margin
-6.8%
Return on equity
-5.5%
Return on assets
-4.2%
Revenue growth (QoQ)
-9.1%
Current ratio
4.5×
Free cash flow
$130M
EBITDA
-$25M
Tangible book value
$729M
Stock comp / revenue
17.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-22 | Saxonov Serge | Sell | 10.0K | $34.28 |
| 2026-06-22 | Saxonov Serge | Sell | 9.8K | $35.32 |
| 2026-06-22 | Saxonov Serge | Sell | 8.5K | $33.29 |
| 2026-06-22 | Saxonov Serge | Sell | 1.7K | $36.16 |
| 2026-06-16 | SULIMAN SHEHNAAZ | Sell | 5.4K | $32.59 |
| 2026-06-16 | SULIMAN SHEHNAAZ | Sell | 364 | $33.27 |
| 2026-06-04 | Teichmann Sarah A. | Grant | 8.8K | — |
| 2026-06-04 | SULIMAN SHEHNAAZ | Grant | 8.8K | — |
| 2026-06-04 | STUELPNAGEL JOHN R | Grant | 8.8K | — |
| 2026-06-04 | Popovits Kimberly J | Grant | 8.8K | — |
| 2026-06-04 | MATEO ALAN | Grant | 8.8K | — |
| 2026-06-04 | Kosaraju Sridhar | Grant | 8.8K | — |
| 2026-05-26 | Saxonov Serge | Sell | 11K | $24.71 |
| 2026-05-22 | Hindson Benjamin J. | Sell | 12K | $24.44 |
| 2026-05-22 | Saxonov Serge | Sell | 18K | $24.44 |
| 2026-05-22 | Taich Adam | Sell | 15K | $24.44 |
| 2026-04-14 | Saxonov Serge | Sell | 5.0K | $24.56 |
| 2026-03-24 | Saxonov Serge | Sell | 5.0K | $19.52 |
| 2026-03-23 | Saxonov Serge | Sell | 10K | $19.13 |
| 2026-03-03 | Saxonov Serge | Gift | 2.8K | — |
| 2026-03-02 | Saxonov Serge | Sell | 14K | $22.67 |
| 2026-03-02 | Saxonov Serge | Sell | 1.9K | $23.18 |
| 2026-02-26 | Saxonov Serge | Grant | 158K | — |
| 2026-02-26 | Hindson Benjamin J. | Grant | 89K | — |
| 2026-02-26 | Taich Adam | Grant | 107K | — |
| 2026-02-25 | Teichmann Sarah A. | Sell | 7.6K | $19.41 |
| 2026-02-23 | Hindson Benjamin J. | Sell | 7.8K | $18.58 |
| 2026-02-23 | Saxonov Serge | Sell | 9.6K | $18.58 |
| 2026-02-23 | Taich Adam | Sell | 9.0K | $18.58 |
| 2026-01-05 | Saxonov Serge | Option exercise | 50K | $1.20 |
| 2025-11-24 | Hindson Benjamin J. | Sell | 8.3K | $19.00 |
| 2025-11-24 | Saxonov Serge | Sell | 13K | $19.00 |
| 2025-11-24 | Taich Adam | Sell | 12K | $19.00 |
| 2025-09-12 | Saxonov Serge | Gift | 900 | — |
| 2025-08-22 | Saxonov Serge | Sell | 9.3K | $13.79 |
| 2025-08-22 | Taich Adam | Sell | 22K | $13.79 |
| 2025-08-22 | Hindson Benjamin J. | Sell | 7.5K | $13.79 |
| 2025-06-09 | Saxonov Serge | Gift | 1.0K | — |
| 2025-06-03 | MATEO ALAN | Grant | 15K | — |
| 2025-06-03 | Teichmann Sarah A. | Grant | 15K | — |
| 2025-06-03 | SULIMAN SHEHNAAZ | Grant | 15K | — |
| 2025-06-03 | STUELPNAGEL JOHN R | Grant | 15K | — |
| 2025-06-03 | Popovits Kimberly J | Grant | 15K | — |
| 2025-06-03 | Kosaraju Sridhar | Grant | 15K | — |
| 2025-05-29 | Saxonov Serge | Gift | 3.0K | — |
| 2025-05-22 | Saxonov Serge | Sell | 9.3K | $8.30 |
| 2025-05-22 | Hindson Benjamin J. | Sell | 7.5K | $8.30 |
| 2025-05-22 | Taich Adam | Sell | 4.0K | $8.30 |
| 2025-03-17 | Taich Adam | Grant | 134K | — |
| 2025-03-17 | Saxonov Serge | Grant | 171K | — |
| 2025-03-17 | Hindson Benjamin J. | Grant | 121K | — |
| 2025-03-04 | Saxonov Serge | Option exercise | 50K | $1.20 |
| 2025-02-28 | Saxonov Serge | Sell | 7.9K | $10.63 |
| 2025-02-24 | Hindson Benjamin J. | Sell | 4.6K | $11.07 |
| 2025-02-24 | Saxonov Serge | Sell | 5.1K | $11.07 |
| 2025-02-21 | MATEO ALAN | Buy | 40K | $11.14 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-04 | 0001628280-26-041651 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001628280-26-032388 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001628280-26-032073 ↗ |
| 10-K | 2026-02-13 | 2025-12-31 | 0001628280-26-007822 ↗ |
| 8-K | 2026-02-12 | 2026-02-12 | 0001628280-26-007673 ↗ |
| 8-K | 2026-01-12 | 2026-01-11 | 0001628280-26-001808 ↗ |
| 8-K | 2025-11-14 | 2025-11-12 | 0001628280-25-052154 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001628280-25-050332 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001770787-25-000058 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001770787-25-000051 ↗ |
| 8-K | 2025-08-07 | 2025-08-07 | 0001770787-25-000048 ↗ |
| 8-K | 2025-06-05 | 2025-06-03 | 0001770787-25-000040 ↗ |