Cytek Biosciences (CTKB) Revenue & Revenue Breakdown


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Cytek Biosciences Revenue Highlights


Latest Revenue (Y)

$111.11M

Latest Revenue (Q)

$51.50M

Main Segment (Y)

Product

Main Geography (Y)

UNITED STATES

Cytek Biosciences Revenue by Period


Cytek Biosciences Revenue by Year

DateRevenueChange
2024-12-31$111.11M-42.44%
2023-12-31$193.01M17.67%
2022-12-31$164.04M28.20%
2021-12-31$127.95M37.82%
2020-12-31$92.84M60.39%
2019-12-31$57.88M-

Cytek Biosciences generated $111.11M in revenue during NA 2024, up -42.44% compared to the previous quarter, and up 191.95% compared to the same period a year ago.

Cytek Biosciences Revenue by Quarter

DateRevenueChange
2024-09-30$51.50M10.47%
2024-06-30$46.62M3.92%
2024-03-31$44.86M-22.96%
2023-12-31$58.23M21.32%
2023-09-30$48.00M-3.41%
2023-06-30$49.69M33.99%
2023-03-31$37.09M-23.27%
2022-12-31$48.34M19.42%
2022-09-30$40.48M0.79%
2022-06-30$40.16M14.53%
2022-03-31$35.06M-9.85%
2021-12-31$38.89M13.14%
2021-09-30$34.38M13.05%
2021-06-30$30.41M25.28%
2021-03-31$24.27M-20.73%
2020-12-31$30.62M22.01%
2020-09-30$25.10M31.15%
2020-06-30$19.14M6.38%
2020-03-31$17.99M-

Cytek Biosciences generated $51.50M in revenue during Q3 2024, up 10.47% compared to the previous quarter, and up 103.64% compared to the same period a year ago.

Cytek Biosciences Revenue Breakdown


Cytek Biosciences Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21
Service$47.19M$36.49M$15.44M$8.43M
Product$153.26M$156.72M$148.60M$119.52M

Cytek Biosciences's latest annual revenue breakdown by segment (product or service), as of Dec 24: Product (76.46%), and Service (23.54%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
Product$79.60M$39.54M$34.12M$46.65M$38.44M$40.45M$31.17M$43.64M$36.39M$37.09M$31.48M$35.95M$32.19M$28.68M
Service-$39.00M$36.87M-$37.00M$9.24M$5.92M$4.70M$4.09M$3.07M$3.58M$2.94M$2.19M$1.73M

Cytek Biosciences's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Product (100.00%).

Cytek Biosciences Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22Dec 21
Other$9.73M$6.15M$2.96M$2.18M
EMEA$62.34M$53.18M$43.96M$36.97M
Asia Pacific$35.77M$31.60M$22.52M$16.08M
UNITED STATES$92.61M$102.08M$94.59M$72.72M

Cytek Biosciences's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (46.20%), EMEA (31.10%), Asia Pacific (17.84%), and Other (4.86%).

Quarterly Revenue by Country

CountryDec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
Asia Pacific$20.48M$8.94M$6.35M$11.57M$6.76M$7.05M$6.22M$4.22M$7.15M$6.14M$5.01M$6.63M$2.80M$3.39M
EMEA$29.98M$17.23M$15.13M$21.14M$12.92M$9.08M$10.03M$16.14M$10.30M$8.84M$8.68M$13.48M$6.18M-
Other$6.73M$979.00K$2.02M$1.51M$1.53M$2.12M$996.00K$1.29M$212.00K$418.00K$1.04M$633.00K$1.42M$111.00K
UNITED STATES$46.90M$24.35M$21.36M$24.02M$26.79M$31.44M$19.84M$26.70M$22.81M$24.76M$20.32M$18.14M$23.98M$17.25M
E M E A-------------$9.66M

Cytek Biosciences's latest quarterly revenue breakdown by geography, as of Dec 24: UNITED STATES (45.05%), EMEA (28.81%), Asia Pacific (19.68%), and Other (6.46%).

Cytek Biosciences Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
LIVNLivaNova$1.25B$318.11M
INGNInogen$335.70M$88.83M
TMCITreace Medical Concepts$209.36M$45.09M
KIDSOrthoPediatrics$204.73M$52.80M
AXGNAxoGen$187.34M$48.64M
RXSTRxSight$139.93M$45.41M
SRDXSurmodics$126.08M$29.92M
CTKBCytek Biosciences$111.11M$51.50M
LUNGPulmonx$83.79M$20.39M
NPCENeuroPace$79.91M$21.06M
SGHTSight Sciences$79.87M$20.16M
APYXApyx Medical$48.10M$16.02M
SSKNSTRATA Skin Sciences$33.56M$8.44M
OFIXOrthofix Medical-$198.62M

CTKB Revenue FAQ


What is Cytek Biosciences’s yearly revenue?

Cytek Biosciences's yearly revenue for 2024 was $111.11M, representing a decrease of -42.44% compared to 2023. The company's yearly revenue for 2023 was $193.02M, representing an increase of 17.67% compared to 2022. CTKB's yearly revenue for 2022 was $164.04M, representing an increase of 28.20% compared to 2021.

What is Cytek Biosciences’s quarterly revenue?

Cytek Biosciences's quarterly revenue for Q3 2024 was $51.5M, a 10.47% increase from the previous quarter (Q2 2024), and a 7.29% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $46.62M, a 3.92% increase from the previous quarter (Q1 2024), and a -6.19% decrease year-over-year (Q2 2023). CTKB's quarterly revenue for Q1 2024 was $44.86M, a -22.96% decrease from the previous quarter (Q4 2023), and a 20.96% increase year-over-year (Q1 2023).

What is Cytek Biosciences’s revenue growth rate?

Cytek Biosciences's revenue growth rate for the last 3 years (2022-2024) was -32.27%, and for the last 5 years (2020-2024) was 19.68%.

What are Cytek Biosciences’s revenue streams?

Cytek Biosciences's revenue streams in c 24 are Service, and Product. Service generated $47.19M in revenue, accounting 23.54% of the company's total revenue, up 29.32% year-over-year. Product generated $153.26M in revenue, accounting 76.46% of the company's total revenue, down -2.20% year-over-year.

What is Cytek Biosciences’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Cytek Biosciences was Product. This segment made a revenue of $153.26M, representing 76.46% of the company's total revenue.