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of Contents](#toc_page)\n\n \n\n \n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n \n\nFORM 10-Q\n\n(Mark one)\n\n[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended March 31, 2026\n\nor\n\n[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from _______________ to _______________\n\nCommission file number 001-39747\n\n \n\nSEER, INC.\n\n(Exact name of Registrant as specified in its charter)\n\n \n\n \n\nDelaware\n\n \n\n82-1153150\n\n(State or other jurisdiction of incorporation or organization)\n\n \n\n(I.R.S. Employer Identification Number)\n\n3800 Bridge Parkway, Suite 102\n\nRedwood City, California 94065\n\n650-453-0000\n\n(Address, including zip code and telephone number, including area code, of Registrant’s principal executive offices)\n\n \n\nSecurities registered pursuant to section 12(b) of the Act:\n\n \n\nCopies to:\n\n \n\nTitle of each class\n\n \n\nTrading Symbol(s)\n\n \n\nName of Exchange on which registered\n\nCommon Stock, par value $0.00001\n\n \n\nSEER\n\n \n\nNasdaq Global Select Market\n\nPreferred Stock Purchase Rights\n\n \n\nN/A\n\n \n\nNasdaq Global Select Market\n\n \n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and \"emerging growth company\" in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer\n\n☐\n\n \n\nAccelerated filer\n\n☐\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nSmaller reporting company\n\n☒\n\n \n\n \n\n \n\n \n\n \n\nNon-accelerated filer\n\n☒\n\n \n\nEmerging growth company\n\n☐\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒\n\nAs of May 8, 2026, the registrant had 54,981,551 shares of Class A common stock, $0.00001 par value per share, outstanding.\n\n \n\n \n\n[Table of Contents](#toc_page)\n\n \n\nTABLE OF CONTENTS\n\n \n\n \n\n[PART I.](#part_1_financial_information)\n\n[FINANCIAL INFORMATION](#part_1_financial_information)\n\n1\n\n[Item 1.](#item_1_financial_statements)\n\n[Financial Statements (Unaudited)](#item_1_financial_statements)\n\n1\n\n[Condensed Consolidated Balance Sheets](#consolidated_balance_sheets)\n\n1\n\n[Condensed Consolidated Statements of Operations and Comprehensive Loss](#consolidated_statements_of_operations)\n\n2\n\n[Condensed Consolidated Statements of Stockholders’ Equity](#consolidatedstatementsstockholdersequity)\n\n3\n\n[Condensed Consolidated Statements of Cash Flows](#consolidated_statements_of_cash_flows)\n\n5\n\n[Notes to Unaudited Condensed Consolidated Financial Statements](#notes)\n\n6\n\n[Item 2.](#item_2_mda)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#item_2_mda)\n\n18\n\n[Item 3.](#item_3_quantitative_and_qualitative)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#item_3_quantitative_and_qualitative)\n\n25\n\n[Item 4.](#item_4_controls_and_procedures)\n\n[Controls and Procedures](#item_4_controls_and_procedures)\n\n25\n\nPART II.\n\n[OTHER INFORMATION](#part_ii_other_information)\n\n27"}