Neogen Corp income statement
In fiscal 2026, Neogen Corp reported revenue of $870m, down 2.7% on the year before, operating income of −$21.6m (a -2.5% margin) and net income of −$7.9m, or −$0.04 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010May 2010 | 2011May 2011 | 2012May 2012 | 2013May 2013 | 2014May 2014 | 2015May 2015 | 2016May 2016 | 2017May 2017 | 2018May 2018 | 2019May 2019 | 2020May 2020 | 2021May 2021 | 2022May 2022 | 2023May 2023 | 2024May 2024 | 2025May 2025 | 2026May 2026 | LTMAug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 141 | 173 | 184 | 208 | 247 | 283 | 321 | 358 | 398 | 414 | 418 | 468 | 527 | 822 | 924 | 895 | 870 | 884 |
| Cost of revenue | — | 85 | 92 | 98 | 125 | 143 | 168 | 190 | 212 | 222 | 222 | 253 | 284 | 416 | 460 | 473 | 462 | 465 |
| Gross profit | 73 | 88 | 92 | 109 | 123 | 140 | 153 | 169 | 186 | 192 | 196 | 215 | 243 | 406 | 464 | 421 | 409 | 419 |
| Research and development | 6 | 7 | 7 | 8 | 8 | 10 | 10 | 10 | 11 | 13 | 15 | 16 | 17 | 26 | 23 | 21 | 18 | 20 |
| Selling and marketing | 26 | 30 | 35 | 41 | 46 | 52 | 58 | 59 | 67 | 70 | 70 | 73 | 85 | 141 | 183 | 184 | 167 | 163 |
| General and administrative | 13 | 15 | 17 | 20 | 24 | 25 | 29 | 34 | 38 | 41 | 44 | 51 | 83 | 201 | 200 | 218 | 245 | 244 |
| Operating income | 27 | 36 | 34 | 41 | 43 | 53 | 56 | 65 | 70 | 68 | 68 | 74 | 59 | 38 | 59 | −1,061 | −22 | −7 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | — | — | 27 | 42 | 38 | 24 | — |
| Income before tax | 27 | 35 | 34 | 41 | 43 | 52 | 56 | 67 | 73 | 73 | 72 | 75 | 60 | −22 | −14 | −1,133 | −9 | −68 |
| Income tax | 10 | 12 | 11 | 14 | 15 | 19 | 19 | 23 | 10 | 13 | 13 | 14 | 12 | 1 | −5 | −41 | −1 | −12 |
| Net income | 18 | 23 | 23 | 27 | 28 | 34 | 37 | 44 | 63 | 60 | 59 | 61 | 48 | −23 | −9 | −1,092 | −8 | −56 |
| Diluted EPS | $0.19 | $0.24 | $0.23 | $0.28 | $0.29 | $0.34 | $0.36 | $0.43 | $0.60 | $0.57 | $0.56 | $0.57 | $0.45 | −$0.12 | −$0.04 | −$5.03 | −$0.04 | −$0.26 |
| Diluted shares (average) | 92m | 95m | 96m | 97m | 99m | 100m | 101m | 102m | 104m | 105m | 106m | 107m | 108m | 189m | 217m | 217m | 218m | 218m |
| EBITDA | 31 | 41 | 40 | 48 | 53 | 64 | 69 | 80 | 87 | 86 | 86 | 95 | 82 | 126 | 175 | −942 | 95 | 109 |
| Quarter | 2025 Q2Nov 2024 | 2025 Q3Feb 2025 | 2025 Q4May 2025 | 2026 Q1Aug 2025 | 2026 Q2Nov 2025 | 2026 Q3Feb 2026 | 2026 Q4May 2026 | 2027 Q1Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 231 | 221 | 226 | 209 | 225 | 211 | 225 | 223 |
| Cost of revenue | 118 | 111 | 133 | 114 | 118 | 112 | 118 | 117 |
| Gross profit | 113 | 110 | 93 | 95 | 107 | 99 | 108 | 106 |
| Research and development | 5 | 5 | 6 | 5 | 5 | 4 | 5 | 7 |
| Selling and marketing | 47 | 45 | 47 | 45 | 42 | 38 | 41 | 42 |
| General and administrative | 58 | 56 | 53 | 61 | 65 | 60 | 59 | 59 |
| Operating income | −457 | 5 | −611 | −16 | −5 | −3 | 3 | −2 |
| Income before tax | −477 | −10 | −631 | 44 | −20 | −20 | −12 | −15 |
| Income tax | −20 | 1 | −19 | 8 | −4 | −3 | −1 | −3 |
| Net income | −456 | −11 | −612 | 36 | −16 | −17 | −11 | −12 |
| Diluted EPS | −$2.10 | −$0.05 | −$2.82 | $0.17 | −$0.07 | −$0.08 | −$0.06 | −$0.05 |
| EBITDA | −427 | 35 | −581 | 13 | 24 | 26 | 33 | 27 |
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