Alpha Teknova, Inc.
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Range $7 – $8
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About the company
Alpha Teknova, Inc. supplies vital scientific reagents to the life sciences sector across both the United States and international markets. These crucial materials play a key role in facilitating the exploration, evolution, and ultimate production of biopharmaceutical goods, such as advanced drug treatments, new vaccines, and molecular diagnostic solutions.
- CEO
- Stephen Gunstream
- IPO
- 2021
- Employees
- 158
- HQ
- Hollister, CA, US
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- Market Cap
- $375.30M
- P/E
- -22.22
- PEG
- -0.69
- P/S
- 8.59
- P/B
- 6.00
- EV/EBITDA
- -41.93
- Div Yield
- 0.00%
- Gross Margin
- 33.94%
- Op Margin
- -36.19%
- Net Margin
- -38.37%
- ROE
- -24.94%
- ROIC
- -17.38%
Latest fiscal year · YoY change
- Revenue
- $40.52M+7.4%
- Gross Profit
- $13.44M+85.9%
- Op Income
- $-16,976,000
- Net Income
- $-17,259,000+35.5%
- EPS
- $-0.32+43.9%
- OCF Growth
- +30.2%
- FCF Growth
- +27.5%
- 52W High
- $7.84
- 52W Low
- $1.91
- 50D MA
- $5.54
- 200D MA
- $4.06
- Beta
- 0.68
- RSI (14)
- 64
- Avg Volume
- 217.68K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Alpha Teknova delivered a solid Q1 with 13% revenue growth, margin improvement, and a more constructive view of end-market demand, while keeping full-year guidance unchanged.· May 6, 2026
- Revenue grew 13% year over year, led by 85% growth in Clinical Solutions.
- Gross margin improved to 34.2% from 30.7%, while net loss was flat year over year at $4.6 million.
- Management said end markets are stabilizing, with more orders over $25,000 and improved customer engagement.
- The company reiterated 2026 revenue guidance of $42 million to $44 million and free cash outflow of less than $10 million.
- Management is investing about $2 million more annually in sales and marketing, expecting the payoff to show in late 2026 or 2027.
Alpha Teknova reported first-quarter 2026 revenue of more than $11 million, up 13% year over year, with Lab Essentials revenue of $8.4 million, up 3%, and Clinical Solutions revenue of $2.1 million, up 85% from $1.2 million last year. Gross profit was $3.8 million versus $3.0 million a year ago, and gross margin improved to 34.2% from 30.7%. Net loss was $4.6 million, or negative $0.08 per diluted share, versus a net loss of $4.6 million, or negative $0.09 per diluted share, in Q1 2025; adjusted EBITDA was negative $2.0 million versus negative $2.5 million. Cash, cash equivalents, and short-term investments were $17.8 million at March 31, 2026, with total borrowings of $13.2 million. For 2026, the company reiterated revenue guidance of $42 million to $44 million, expects gross margin in the mid-30s, expects free cash outflow of less than $10 million, and said adjusted EBITDA should turn positive at an annualized revenue run rate of $52 million to $57 million.
Stephen Gunstream framed the quarter as straightforward and in line with expectations, highlighting better-than-expected revenue and expenses, stabilization in end markets, and stronger customer activity. He said the company is seeing more large orders, more engagement from smaller biotechs, and growth across life science tools, diagnostics, and biopharma. He also emphasized operational execution, including larger bottle batch sizes, automated aseptic filling, and migration of paper batch records to digital systems, as part of a long-term scale and profitability plan.
Matthew C. Lowell focused on the financial outperformance versus the prior year and the company’s disciplined outlook. He broke out Lab Essentials at $8.4 million, Clinical Solutions at $2.1 million, gross profit at $3.8 million, and gross margin at 34.2%, and noted operating expenses were $8.1 million, driven mainly by higher sales and marketing spend tied to headcount and marketing. He highlighted free cash outflow of $3.6 million, cash and investments of $17.8 million, borrowings of $13.2 million, and reiterated full-year 2026 guidance for $42 million to $44 million of revenue, mid-30s gross margin, and less than $10 million of free cash outflow.
Analysts pressed on whether the recovery was broad-based or concentrated in later-stage biotech, and management said there are similarities to peers but that the quarter included growth in large pharma, diagnostics, and biotech, with some softness still in early-stage Lab Essentials. They also asked about customer mix and clinical funnel depth; management said it is supporting approximately 70 therapies, including five in phase two or phase three and 12 in phase one, with the rest preclinical, and expects those numbers to rise. On guidance, management said it saw no meaningful timing benefit in Q1 and wants more durability before raising the full-year outlook. Questions about the AI spending cycle and sales ramp got a constructive but cautious answer: it may be a tailwind, but it is not yet material, and new sales hires typically take six to twelve months to ramp.
The bull case is that end markets appear to be recovering, and the company is already seeing more large orders, better customer engagement, and improved Clinical Solutions momentum. Management believes the current commercial investments and operational improvements can support roughly 20% revenue growth in 2027, with some benefits potentially visible by late 2026.
Management still sees macro uncertainty and is not ready to raise guidance, which suggests the recovery is not yet durable enough to call. Lab Essentials showed only 3% growth and some softness in early-stage research spending remains, while the new commercial hires and marketing investments need six to twelve months to translate into revenue.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 20.2%
- Shares Outstanding
- 53.61M
- Float Shares
- 10.85M
of shares held by institutions
69 13F filers
Buy/sell ratio 1.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 593.10K | ▼ 32.45K |
| Sherbrooke Park Advisers LLC | 12.95K | ▼ 2.24K |
| Cwm, LLC | 4.09K | ▲ 4.09K |
| California State Teachers Retirement System | 587 | ▼ 79 |
| Sunbelt Securities, Inc. | 5 | ▲ 5 |
Held by 89 ETFs
Biggest fund positions in TKNO by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jul 14, 26 | DEMSKI MARTHA J | other | 12,000 |
| Jul 14, 26 | DEMSKI MARTHA J | other | 12,000 |
| Jun 1, 26 | Vos Alexander | other | 55,000 |
| Jun 1, 26 | ROBERTSON BRETT | other | 55,000 |
| Jun 1, 26 | DEMSKI MARTHA J | other | 55,000 |
| Feb 15, 26 | Terrill Damon | other | 148,000 |
| Feb 15, 26 | Lowell Matthew | other | 171,000 |
| Mar 6, 26 | Lowell Matthew | buy | 40,000 |
| Feb 15, 26 | Gunstream Stephen | other | 429,000 |
| Mar 6, 26 | Gunstream Stephen | buy | 26,000 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our TKNO coverage
Recent articles, reports, and earnings notes.
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