Veracyte, Inc. income statement
In fiscal 2025, Veracyte, Inc. reported revenue of $517m, up 16.0% on the year before, operating income of $57.8m (a 11.2% margin) and net income of $66.4m, or $0.82 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 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 12 | 22 | 38 | 50 | 65 | 72 | 92 | 120 | 117 | 220 | 297 | 361 | 446 | 517 | 562 |
| Cost of revenue | 3 | 8 | 13 | 17 | 21 | 25 | 28 | 33 | 36 | — | — | — | — | — | — | — |
| Gross profit | −0 | 4 | 9 | 22 | 28 | 40 | 44 | 59 | 84 | — | — | 176 | 230 | 298 | 363 | 403 |
| Research and development | 7 | 7 | 8 | 10 | 13 | 15 | 14 | 15 | 15 | 17 | 30 | 41 | 57 | 69 | 71 | 93 |
| Selling and marketing | 3 | 8 | 13 | 22 | 25 | 28 | 32 | 41 | 54 | 52 | 80 | 98 | 101 | 95 | 100 | 106 |
| General and administrative | 5 | 8 | 12 | 19 | 23 | 24 | 23 | 24 | 29 | 37 | 101 | 73 | 86 | 111 | 111 | 96 |
| Operating income | −15 | −19 | −23 | −29 | −33 | −29 | −27 | −22 | −15 | −35 | −82 | −41 | −86 | 16 | 58 | 106 |
| Interest expense | — | — | 0 | 0 | 0 | 3 | 5 | 2 | 1 | 0 | — | — | — | — | — | — |
| Income before tax | −14 | −19 | −26 | −29 | −34 | −31 | −31 | −23 | −13 | −35 | −82 | −36 | −77 | 26 | 68 | 116 |
| Income tax | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −6 | 0 | −2 | 2 | 2 | 2 |
| Net income | −14 | −19 | −26 | −29 | −34 | −31 | −31 | −23 | −13 | −35 | −76 | −37 | −74 | 24 | 66 | 114 |
| Diluted EPS | −$4.98 | −$5.74 | −$1.23 | −$1.36 | −$1.30 | −$1.09 | −$0.91 | −$0.62 | −$0.27 | −$0.66 | −$1.11 | −$0.51 | −$1.02 | $0.31 | $0.82 | $1.40 |
| Diluted shares (average) | 3m | 3m | 21m | 22m | 26m | 29m | 34m | 37m | 46m | 53m | 68m | 72m | 73m | 78m | 81m | 82m |
| EBITDA | −15 | −18 | −22 | −28 | −31 | −25 | −23 | −18 | −11 | −27 | −62 | −15 | −59 | 40 | 79 | 127 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 116 | 119 | 114 | 130 | 132 | 141 | 139 | 150 |
| Gross profit | 79 | 79 | 80 | 90 | 91 | 102 | 101 | 109 |
| Research and development | 18 | 19 | 18 | 16 | 16 | 21 | 27 | 29 |
| Selling and marketing | 23 | 25 | 24 | 25 | 24 | 26 | 27 | 28 |
| General and administrative | 26 | 27 | 34 | 32 | 27 | 17 | 24 | 27 |
| Operating income | 12 | 4 | 3 | −5 | 23 | 37 | 23 | 23 |
| Income before tax | 17 | 3 | 7 | 1 | 19 | 41 | 30 | 27 |
| Income tax | 2 | −2 | 0 | 2 | −0 | −1 | 1 | 1 |
| Net income | 15 | 5 | 7 | −1 | 19 | 41 | 29 | 25 |
| Diluted EPS | $0.19 | $0.06 | $0.09 | −$0.01 | $0.24 | $0.50 | $0.35 | $0.31 |
| EBITDA | 18 | 10 | 8 | 0 | 28 | 42 | 28 | 28 |
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