Burning Rock Biotech Ltd. reported third quarter 2025 revenues of RMB 131.6 million, an increase of 2% year-over-year and a decrease of 11% sequentially. Central lab revenues were RMB 36.8 million, down 8% year-over-year and 10% quarter-over-quarter. Gross profit for the quarter was RMB 98.8 million, up 8% year-over-year. Net loss narrowed to RMB 16.8 million from RMB 35.7 million a year earlier, representing a 53% reduction. Adjusted EBITDA (Non-GAAP) was negative RMB 5.4 million, improving 67% year-over-year. The company achieved positive operating cash flow of RMB 16.4 million in the third quarter. Overseas revenues increased by 33% and pharma revenues rose by 72% for the first nine months of 2025 compared with the same period in 2024. Business developments included the use of the OncoCompass Focus ctDNA assay in the FAVOUR study and the submission and publication of the PROMISE study for a 9-cancer early detection test.