Castle Biosciences

Castle Biosciences

Castle Biosciences develops and validates diagnostic tests and technologies for the treatment of cancer. Learn more

Launch date
Employees
Market cap
€786m
Enterprise valuation
€573m (Public information from Sep 2024)
Friendswood Texas (HQ)

Financials

Estimates*

Edit
Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues62.6m94.1m137m220m297m260m299m
% growth21 %50 %46 %60 %35 %(12 %)15 %
EBITDA(5.7m)(36.6m)(76.6m)(45.0m)(3.7m)(45.3m)(29.9m)
% EBITDA margin(9 %)(39 %)(56 %)(20 %)(1 %)(17 %)(10 %)
Profit(10.3m)(31.3m)(67.1m)(57.5m)(17.6m)(66.8m)(37.8m)
% profit margin(16 %)(33 %)(49 %)(26 %)(6 %)(26 %)(13 %)
EV / revenue19.4x8.2x2.6x1.5x2.8x3.2x2.8x
EV / EBITDA-212.7x-21.1x-4.7x-7.5x-225.4x-18.1x-27.5x
R&D budget13.3m29.6m44.9m53.6m---
R&D % of revenue21 %32 %33 %24 %---
  • Edit
DateInvestorsAmountRound
-

N/A

-

$11.8m

Early VC

$11.7m

Series F

$14.0m

Debt

$2.0m

Seed

$20.0m

Debt
N/A

$5.1m

Debt

$12.0m

Convertible
N/A

N/A

IPO
*
N/A

$74.0m

Post IPO Equity
*
N/A

$267m

Post IPO Equity
Total Funding€37.2m

Recent News about Castle Biosciences

Edit
More about Castle Biosciencesinfo icon
Edit

Castle Biosciences specializes in developing and commercializing diagnostic and prognostic tests for dermatologic cancers. The company focuses on creating novel, clinically actionable, tumor-specific genomic tests that aid in improved decision-making and patient care. Their primary clients include healthcare providers and dermatologists who require precise genomic information to make more accurate treatment plans for conditions such as cutaneous and uveal melanoma. Operating in the healthcare and biotechnology market, Castle Biosciences generates revenue by selling their proprietary gene expression profile (GEP) tests. These tests provide personalized, actionable genomic data that help clinicians tailor treatment plans to individual patients, thereby improving outcomes. The company’s business model revolves around continuous innovation in genomic testing and expanding their portfolio to address unmet clinical needs in dermatologic oncology.

Keywords: genomic tests, dermatologic cancers, prognostic, diagnostic, melanoma, healthcare providers, biotechnology, personalized medicine, gene expression profile, patient care.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.

Investments by Castle Biosciences

Edit
AltheaDx
ACQUISITION by Castle Biosciences Apr 2022
Cernostics
ACQUISITION by Castle Biosciences Oct 2021