Form 8-K

8-K — 10x Genomics, Inc.

Accession: 0001628280-26-032073

Filed: 2026-05-07

Period: 2026-05-07

CIK: 0001770787

SIC: 3826 (LABORATORY ANALYTICAL INSTRUMENTS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — txg-20260507.htm (Primary)

EX-99.1 (txg-20260507xexx991.htm)

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8-K

8-K (Primary)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________

FORM 8-K

______________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 7, 2026

10x Genomics, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-39035

45-5614458

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

6230 Stoneridge Mall Road

Pleasanton, California 94588

(925) 401-7300

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

___________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol

Name of each exchange

on which registered

Class A common stock, par value $0.00001 per share

TXG

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On May 7, 2026, 10x Genomics, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1.

The information furnished pursuant to Item 2.02 in this Current Report on Form 8-K and the press release attached as Exhibit 99.1 hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.

Description of Exhibits

99.1

Press Release dated May 7, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

10x Genomics, Inc.

By:

/s/ Randy Wu

Name:

Randy Wu

Title:

General Counsel and Secretary

Date: May 7, 2026

EX-99.1

Filename: txg-20260507xexx991.htm · Sequence: 2

Document

Exhibit 99.1

10x Genomics Reports First Quarter 2026 Financial Results

PLEASANTON, Calif. May 7, 2026 – 10x Genomics, Inc. (Nasdaq: TXG), a leader in single cell and spatial biology, today reported financial results for the first quarter ended March 31, 2026.

Recent Updates

•Revenue was $150.8 million for the first quarter of 2026, representing a 3% decrease over the corresponding period of 2025. Excluding $16.8 million related to one-time license and royalty revenue in the first quarter of 2025, revenue increased 9% over the corresponding period of 2025.

•Launched Atera, a new platform to redefine how biology is measured and understood. Atera was engineered to deliver spatial whole-transcriptome analysis with single-cell sensitivity at unprecedented scale. The Company expects to start shipping Atera in the second half of 2026.

•Announced a partnership with Bioptimus, a global AI biotech company, to launch STELA, a multinational spatial data generation initiative to create foundational datasets connecting underlying biology with disease outcomes. The initiative is starting this effort on our Xenium platform and plans to expand to Atera over time.

•Ended the first quarter of 2026 with cash and cash equivalents and marketable securities of $539.8 million, representing a $112.9 million increase from March 31, 2025.

“We had a solid start to the year, with double-digit growth in Single Cell consumables reaction volumes and double-digit growth in Spatial consumables revenue,” said Serge Saxonov, Co-founder and CEO of 10x Genomics. “The biggest highlight is our recent launch of Atera, which represents the most significant product introduction in our history. We are extremely encouraged by the extraordinary early customer response.”

First Quarter 2026 Financial Results

Revenue was $150.8 million for the first quarter of 2026, a 3% decrease from the corresponding period of 2025. Excluding $16.8 million related to a patent litigation settlement recognized in the first quarter of 2025, revenue increased 9% over the corresponding period of 2025.

Gross margin was 70% for the first quarter of 2026, as compared to 68% for the corresponding prior year period. The increase in gross margin was primarily due to lower warranty costs and lower inventory write-downs, partially offset by a decrease in license and royalty revenue reflecting a non-recurring royalty benefit recognized in the first quarter of 2025.

Operating expenses were $123.2 million for the first quarter of 2026, a 15% decrease from $144.8 million for the corresponding prior year period. The decrease was primarily driven by lower outside legal expenses and personnel expenses, partially offset by a non-recurring gain on settlement of $9.2 million recognized in the first quarter of 2025.

Operating loss was $17.0 million for the first quarter of 2026, as compared to operating loss of $39.3 million for the corresponding prior year period.

Net loss was $13.5 million for the first quarter of 2026, as compared to a net loss of $34.4 million for the corresponding prior year period.

Cash and cash equivalents and marketable securities were $539.8 million as of March 31, 2026.

2026 Financial Guidance

10x Genomics is maintaining its full year 2026 revenue guidance of $600 million to $625 million. Excluding the non-recurring license and royalty revenue related to patent litigation settlements in 2025, this represents 0% to 4% growth over full year 2025.

Webcast and Conference Call Information

10x Genomics will host a conference call to discuss the first quarter 2026 financial results, business developments and outlook after market close on Thursday, May 7, 2026 at 1:30 PM Pacific Time / 4:30 PM Eastern Time. A webcast of the conference call can be accessed at http://investors.10xgenomics.com. The webcast will be archived and available for replay at least 45 days after the event.

About 10x Genomics

10x Genomics is a life science technology company building products to accelerate the mastery of biology and advance human health. Our integrated research solutions include instruments, consumables and software for single cell and spatial biology, which help academic and translational researchers and biopharmaceutical companies understand biological systems at a resolution and scale that matches the complexity of biology. Our products are behind breakthroughs in oncology, immunology, neuroscience and more, fueling powerful discoveries that are transforming the world’s understanding of health and disease. To learn more, visit 10xgenomics.com or connect with us on LinkedIn, X, Facebook, Bluesky or YouTube.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the "safe harbor" created by those sections. All statements included in this press release, other than statements of historical facts, may be forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "might," "will," "should," "expect," "plan," “outlook,” "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "see," "estimate," "predict," "potential," "would," "likely," "seek" or "continue" or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include statements regarding 10x Genomics, Inc.'s products, services, business strategy, collaborations and opportunities and 10x Genomics, Inc.’s financial performance and results of operations, including expectations regarding revenue and guidance. These statements are based on management's current expectations, forecasts, beliefs, estimates, assumptions and information currently available to management. Actual outcomes and results could differ materially from these statements due to a number of factors and such statements should not be relied upon as representing 10x Genomics, Inc.'s views as of any date subsequent to the date of this press release. 10x Genomics, Inc. disclaims any obligation to update any forward-looking statements provided to reflect any change in 10x Genomics’ expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. The material risks and uncertainties that could affect 10x Genomics, Inc.'s financial and operating results and cause actual results to differ materially from those indicated by the forward-looking statements made in this press release include those discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's most recently-filed 10-K for the fiscal year ended December 31, 2025 filed on February 12, 2026 and the company’s quarterly report on Form 10-Q for the quarter ended March 31, 2026 to be filed with the U.S. Securities and Exchange Commission (“SEC”), and elsewhere in the documents 10x Genomics, Inc. files with the SEC from time to time.

Disclosure Information

10x Genomics uses filings with the Securities and Exchange Commission, its website (www.10xgenomics.com), press releases, public conference calls, public webcasts and its social media accounts as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

Contacts

Investors: investors@10xgenomics.com

Media: media@10xgenomics.com

10x Genomics, Inc.

Condensed Consolidated Statements of Operations

(Unaudited)

(In thousands, except share and per share data)

Three Months Ended

March 31,

2026 2025

Products and services revenue $ 149,896 $ 137,823

License and royalty revenue 947 17,060

Revenue (1)

150,843 154,883

Cost of products and services revenue (2)

44,665 49,438

Gross profit 106,178 105,445

Operating expenses:

Research and development (2)

56,847 64,245

Selling, general and administrative (2)

66,377 89,728

Gain on settlement — (9,200)

Total operating expenses 123,224 144,773

Loss from operations (17,046) (39,328)

Other income (expense):

Interest income 5,014 3,686

Other income (expense), net (815) 2,136

Total other income 4,199 5,822

Loss before provision for income taxes (12,847) (33,506)

Provision for income taxes 623 852

Net loss $ (13,470) $ (34,358)

Net loss per share, basic and diluted $ (0.10) $ (0.28)

Weighted-average shares used to compute net loss per share, basic and diluted 128,291,153 122,606,091

__________________________

(1) The following table represents total revenue by source for the periods indicated (in thousands). Spatial includes the Company’s Visium and Xenium products:

Three Months Ended

March 31,

2026 2025

Instruments

Single Cell $ 5,223 $ 5,913

Spatial 6,039 8,902

Total instruments revenue 11,262 14,815

Consumables

Single Cell 88,894 84,109

Spatial 40,907 31,247

Total consumables revenue 129,801 115,356

Services 8,833 7,652

Products and services revenue 149,896 137,823

License and royalty revenue 947 17,060

Total revenue $ 150,843 $ 154,883

(1) The following table presents revenue by geography based on the location of the customer for the periods indicated (in thousands):

Three Months Ended

March 31,

2026 2025

Americas

United States*

$ 76,693 $ 86,818

Americas (excluding United States) 3,406 3,752

Total Americas 80,099 90,570

Europe, Middle East and Africa 36,852 31,895

Asia-Pacific

China 15,837 16,883

Asia-Pacific (excluding China) 18,055 15,535

Total Asia-Pacific 33,892 32,418

Total revenue $ 150,843 $ 154,883

* Includes license and royalty revenue.

(2) Includes stock-based compensation expense as follows:

Three Months Ended

March 31,

(in thousands)

2026 2025

Cost of revenue $ 1,918 $ 2,481

Research and development 10,695 14,106

Selling, general and administrative 10,029 14,489

Total stock-based compensation expense $ 22,642 $ 31,076

10x Genomics, Inc.

Condensed Consolidated Balance Sheets

(Unaudited)

(In thousands)

March 31,

2026 December 31,

2025

Assets

Current assets:

Cash and cash equivalents $ 490,285 $ 473,966

Marketable securities 49,563 49,443

Accounts receivable, net 39,031 47,013

Other receivables 17,106 35,480

Inventory 53,487 56,341

Prepaid expenses and other current assets 20,261 22,208

Total current assets 669,733 684,451

Property and equipment, net 220,591 226,711

Operating lease right-of-use assets 58,390 60,450

Goodwill 4,511 4,511

Intangible assets, net 59,910 62,329

Other noncurrent assets 2,624 2,913

Total assets $ 1,015,759 $ 1,041,365

Liabilities and stockholders’ equity

Current liabilities:

Accounts payable $ 17,425 $ 12,733

Accrued compensation and related benefits 21,506 42,500

Accrued expenses and other current liabilities 33,680 39,971

Deferred revenue 24,342 23,902

Operating lease liabilities 11,330 10,985

Contingent consideration, current 5,315 23,363

Total current liabilities 113,598 153,454

Contingent consideration, noncurrent 1,222 1,237

Operating lease liabilities, noncurrent 70,059 73,376

Deferred revenue, noncurrent 10,138 10,501

Other noncurrent liabilities 6,418 6,471

Total liabilities 201,435 245,039

Commitments and contingencies

Stockholders’ equity:

Preferred stock — —

Common stock 2 2

Additional paid-in capital 2,338,269 2,306,690

Accumulated deficit (1,524,061) (1,510,591)

Accumulated other comprehensive income 114 225

Total stockholders’ equity 814,324 796,326

Total liabilities and stockholders’ equity $ 1,015,759 $ 1,041,365

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