AZTANasdaqSpecial Industry Machinery, NECUS GAAP · USD

Azenta, Inc.

Azenta, Inc. is a U.S.-based life sciences tools company focused on sample management, cold-chain storage, and related automation and services used by biopharma, research, and clinical customers. Its business is built around protecting, storing, tracking, and moving biological samples and other temperature-sensitive materials, which makes reliability and regulatory compliance central to its value proposition. The company also has exposure to specialty manufacturing and third-party production, including in China, which affects its supply chain and cost structure. Recent filings highlight operational and governance issues, including material weaknesses in internal control over financial reporting and trade/tariff sensitivity across international markets.

Revenue594m USD
−9.5 %y/y
Operating profit (EBIT)-26.8m USD
+47.7 %y/y
EBIT margin-4.5%
+3.3 ppy/y
Net income-55.8m USD
+66.2 %y/y
Free cash flow38.3m USD
+197.2 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-2000200400600800m USD2020: 389 m USD2020: EBIT 78 m USD20202021: 514 m USD2021: EBIT -31 m USD20212022: 555 m USD2022: EBIT -25 m USD20222023: 665 m USD2023: EBIT -61 m USD20232024: 656 m USD2024: EBIT -51 m USD20242025: 594 m USD2025: EBIT -27 m USD2025594-27
RevenueOperating profit (EBIT)

Business

Share of revenue
Sample management systems30 %

Automated systems and equipment used to store, retrieve, and manage biological samples.

Biostorage and cold-chain services25 %

Temperature-controlled storage and handling services for valuable biological materials.

Consumables and tracking products15 %

Tubes, racks, labels, and tracking tools used to identify and manage samples.

Life sciences services20 %

Operational services supporting biopharma and research workflows, including sample handling.

Specialty equipment and third-party manufacturing10 %

Specialized instruments and outsourced production used in the company’s product portfolio.

Products

Reported · share of revenue
70.8%29.2%FY2025100 %
  • Services70.8 %
  • Products29.2 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Azenta sells primarily to life sciences and biopharma organizations that need secure, traceable sample storage and handling. Its customers include pharmaceutical and biotechnology companies, academic and government research institutions, and clinical or laboratory operators that manage large volumes of biological samples. These buyers value chain-of-custody integrity, temperature control, automation, and regulatory compliance because sample loss or contamination can be costly and scientifically damaging. The company also serves customers outside the United States, so trade policy, logistics, and local regulatory requirements can affect purchasing and deployment decisions.

Biopharma and biotechnology

Buy sample management systems, storage, and services to protect high-value research and clinical samples.

Academic and government research

Purchase storage and tracking solutions for long-term sample integrity and lab workflow efficiency.

Clinical and laboratory operators

Use cold-chain and sample handling services to maintain compliance and operational reliability.

International customers

Buy across regions where shipping, tariffs, and local sourcing can influence product availability and cost.

Strategy

Azenta’s near-term focus appears centered on stabilizing operations, remediating internal control weaknesses, and protecting supply continuity in the face of tariff and geopolitical risk. The company also needs to preserve customer trust in sample integrity and service reliability, since its products are used in mission-critical research and clinical workflows. Managing third-party manufacturing relationships, especially in China, is strategically important because it affects lead times, quality control, and the ability to respond to regulatory changes such as the BIOSECURE Act. Over the medium term, the business likely depends on maintaining its installed base, expanding service content, and keeping its sample-management platform relevant to biopharma and research customers.

Remediate internal control weaknessesShort term

Reliable financial reporting is necessary to maintain investor confidence, SEC compliance, and operational discipline.

Secure and diversify supply chain partnersMedium term

The company depends on third-party manufacturers and service providers, including in China, so continuity and quality are critical.

Manage geopolitical and tariff exposureShort term

International sales and cross-border sourcing can be disrupted by tariffs, retaliatory measures, and trade restrictions.

Geography

Q1/2026

Azenta operates as an international business and sells a significant number of products outside the United States. Its filings specifically mention China and Africa as important non-U.S. markets, which also creates exposure to trade disputes, tariffs, and geopolitical disruption. The company also relies on third-party manufacturing and service providers in China, so supply continuity depends on cross-border logistics and regulatory conditions. Because the business serves life sciences customers globally, changes in tariffs or import restrictions can affect both demand and the economics of delivery.

United States61 %
Europe19 %
China12 %
United Kingdom7.6 %

Share of the revenue the company reports by geography.

Risks

Azenta faces a mix of company-specific and industry-wide risks tied to its supply chain, controls environment, and international exposure. The company disclosed material weaknesses in internal control over financial reporting, which raises the risk of misstatements, delayed reporting, and weaker investor confidence until remediation is complete. It also depends on third-party manufacturing and service providers in China, so policy changes such as the BIOSECURE Act or supplier disruption could affect product availability, quality, and time to market. More broadly, the business is exposed to tariffs, trade disputes, and customer spending cycles in life sciences, where capital budgets and research activity can fluctuate.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Material weaknesses in internal control over financial reporting1Dependence on third-party manufacturing and service providers in China2Tariffs and trade restrictions3BIOSECURE Act and China-related policy changes4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Material weaknesses in internal control over financial reportingImpact: HighLikelihood: Medium

    Management disclosed that internal control over financial reporting was not effective, increasing the risk of errors and delayed reporting.

    ExposureFinancial reportingInvestor confidenceSEC compliance
  2. Dependence on third-party manufacturing and service providers in ChinaImpact: HighLikelihood: Medium

    A portion of production and services is outsourced in China, so supplier disruption or forced changes could affect supply and quality.

    ExposureProduct availabilityCostRegulatory compliance
  3. Tariffs and trade restrictionsImpact: MediumLikelihood: Medium

    The company sells many products outside the U.S. and is exposed to tariffs, retaliatory measures, and trade policy changes.

    ExposureInternational demandMarginsLogistics
  4. BIOSECURE Act and China-related policy changesImpact: MediumLikelihood: Medium

    If enacted and implemented, the law could affect sourcing and customer demand for biotechnology equipment and services.

    ExposureSupply chainFederal contractingMarket access

Accounting

Judgemental items
Internal control over financial reporting

Material weaknesses increase the risk of misstatements and can undermine confidence in reported results.

Impact: Could affect revenue, expenses, accruals, and disclosure reliability

Inventory and supplier cost accounting

Tariffs, supplier changes, and outsourced manufacturing can change inventory valuation and cost of goods sold.

Impact: Can move gross margin materially from quarter to quarter

Quarterly timing of shipments and services

International logistics and service delivery timing can shift revenue recognition between periods.

Impact: Can create volatility in quarterly revenue and operating profit

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Azenta, Inc. (AZTA) Revenue, Earnings & Financials 2025 – Clarifo