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T2 Biosystems's revenue is $7.2 million.

What is T2 Biosystems's revenue?

T2 Biosystems's annual revenue is $7.2M. Zippia's data science team found the following key financial metrics about T2 Biosystems after extensive research and analysis.
  • T2 Biosystems's revenue growth from 2013 to 2023 is 2,604.14%.
  • T2 Biosystems has 182 employees, and the revenue per employee ratio is $39,521.
  • T2 Biosystems's peak quarterly revenue was $7.8M in 2020(q4).
  • T2 Biosystems peak revenue was $28.1M in 2021.
  • T2 Biosystems annual revenue for 2022 was 22.3M, -20.5% growth from 2021.
  • T2 Biosystems annual revenue for 2023 was 7.2M, -67.75% growth from 2022.

On this page

Most recent quarter revenue
$2.0M (Q3'2024)
Company most recent quarter revenue
Peak revenue
$28.1M (2021)
Company peak revenue
Revenue / employee
$39,522
Company revenue / employee

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Most recent quarter revenue
$2.0M (Q3'2024)
Company most recent quarter revenue
Peak revenue
$28.1M (2021)
Company peak revenue
Revenue / employee
$39,522
Company revenue / employee

T2 Biosystems historical revenue

T2 Biosystems's peak revenue was $28.1M in 2021. The peak quarterly revenue was $7.8M in 2020(q4).

T2 Biosystems's revenue increased from $266.0k in 2013 to $7.2M currently. That's a 2,604.14% change in annual revenue.

T2 Biosystems annual revenue

$28M
$22M
$17M
$11M
$6M
$0
2018
2019
2020
2021
2022
2023

T2 Biosystems annual revenue over time

Fiscal year / yearT2 Biosystems revenue
2013$266,000
2014$119,000
2015$2.8M
2016$4.1M
2017$4.7M
2018$10.5M
2019$8.3M
2020$18.1M
2021$28.1M
2022$22.3M
2023$7.2M

How accurately did T2 Biosystems' revenue projections match actual performance?

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T2 Biosystems annual growth

T2 Biosystems saw the greatest revenue growth in 2015, when revenue increased by 2,263.87%.

T2 Biosystems had the lowest revenue growth in 2014, when revenue changed by -55.26%.

T2 Biosystems annual growth rate over time

YearT2 Biosystems growth
2014
-55%
2015
2264%
2016
45%
2017
14%
2018
125%
2019
-21%
2020
118%
2021
55%
2022
-21%
2023
-68%

T2 Biosystems quarterly revenue over time

  • Q1
  • Q2
  • Q3
  • Q4
$8M
$6M
$5M
$3M
$2M
$0
2020
2021
2022
2023
2024

T2 Biosystems quarterly growth rate over time

YearQ1Q2Q3Q4
2014---$119,052
2015$188,000$564,000$1.0M$1.0M
2016$1.1M$990,000$1.1M$909,000
2017$941,000$956,000$1.1M$1.7M
2018$2.3M$3.9M$2.5M$1.8M
2019$1.8M$1.8M$1.7M$3.1M
2020$2.5M$2.6M$5.2M$7.8M
2021$7.0M$6.7M$7.4M$7.0M
2022$7.2M$5.9M$3.7M$5.5M
2023$2.1M$2.0M$1.5M$1.7M
2024$2.1M$2.0M$2.0M-

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T2 Biosystems financial information

CEOJohn J. Sperzel
IndustryPharmaceuticals, Biotechnology & Life Sciences
Company TypePublic
Employees Number182
Date Founded2006
HeadquartersLexington, Massachusetts
Number of Locations2
Revenue$7.2M
Net Income-$62,003,000
Gross Proft($8.2M) (2023)
PE Ratio-3.88
Market Capitalization$194.3M
Total Assets$34,327,000
TickerTTOO

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T2 Biosystems financing

T2 Biosystems received early financing of $5.5M on 2006-01-01.

SeriesRound sizeDate
Series A$5.5M01/2006
Convertible Note$500K05/2008
Series B$10.8M10/2008
Series C$15M05/2010
Series D$23M08/2011
Series E$40M03/2013
Post Ipo Equity$34.1M12/2015
Post Ipo Equity$40M09/2016
Post Ipo Debt$50M12/2016
Grant$2M03/2018
Grant$69M09/2019

T2 Biosystems investors

InvestorsSecurity type
Polaris PartnersSeries A
FlybridgeSeries A
Flagship Pioneering IncSeries A
FlybridgeConvertible Note
Polaris PartnersSeries B
FlybridgeSeries B
In Q TelSeries B
Partners HealthCareSeries B
Flagship Pioneering IncSeries B
Physic VenturesSeries C
Polaris PartnersSeries C
WS InvestmentsSeries C
Arcus VenturesSeries C
FlybridgeSeries C
Camros Capital LLCSeries C
RA Capital ManagementSeries C
Partners HealthCareSeries C
Flagship Pioneering IncSeries C
Physic VenturesSeries D
Polaris PartnersSeries D
WS InvestmentsSeries D
FlybridgeSeries D
Arcus VenturesSeries D
Camros Capital LLCSeries D
RA Capital ManagementSeries D
Partners HealthCareSeries D
Flagship Pioneering IncSeries D
Aisling CapitalSeries D
The Goldman Sachs Group, Inc.Series E
Physic VenturesSeries E
Polaris PartnersSeries E
WS InvestmentsSeries E
FlybridgeSeries E
Arcus VenturesSeries E
Camros Capital LLCSeries E
Flagship Pioneering IncSeries E
Partners Healthcare GroupSeries E
Aisling CapitalSeries E
Canon Inc.Post Ipo Equity
CRG LPPost Ipo Debt
CARB XGrant
Biomedical Advanced Research and Development Authority (BARDA)Grant

T2 Biosystems competitors

T2 Biosystems's top competitor, Regeneron, earned an annual revenue of $14.2B.

T2 Biosystems's smallest competitor is Rennova Health with revenue of $10.6M last year.

T2 Biosystems revenue FAQs

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Zippia gives an in-depth look into the details of T2 Biosystems, including salaries, political affiliations, employee data, and more, in order to inform job seekers about T2 Biosystems. The employee data is based on information from people who have self-reported their past or current employments at T2 Biosystems. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by T2 Biosystems. The data presented on this page does not represent the view of T2 Biosystems and its employees or that of Zippia.

T2 Biosystems may also be known as or be related to T2 BIOSYSTEMS INC., T2 Biosystems, T2 Biosystems Inc and T2 Biosystems, Inc.