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Biodesix, Inc. BDSX Q2 2026 earnings

Reported August 5, 2026 · After market close

Revenue$26.9MBeat by $835.5K
EPS-$0.71Beat by $0.19
Revenue estimate$26.0M
EPS estimate-$0.90
Biodesix delivered another strong quarter, highlighted by 34% revenue growth, 42% growth in Diagnostic Testing revenue, and gross margins, which increased to 82%. Our performance reflects continued adoption of our blood-based lung diagnostics, expanding reimbursement coverage, and improving sales force productivity. Diagnostic testing volumes grew 38% year-over-year while operating expenses excluding direct costs increased only 7%, demonstrating meaningful operating leverage and a 56% improvement in Adjusted EBITDA.
Scott Hutton

Next report

Nov 2, 2026 (in 2 months)
Revenue estimate$27.6M
EPS estimate-$0.74

Financials

Q2 2026

Income statement

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Revenue$26.9M+34.2%
Operating income-$5.4M+44.6%
Net income-$7.3M+36.6%
EPS (diluted)-$0.71+54.5%

Balance sheet

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Cash & equivalents$30.0M+44.7%
Total debt$71.8M-0.5%
Total equity$9.1M+704%
Total assets$95.3M+8.6%

Cash flow

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Operating cash flow-$1.6M+76.2%
CapEx$197.0K+286%
Free cash flow-$1.8M+73.4%

Valuation & ratios

Valuation

as of 09/08/26
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Market cap$276.23M+336%
Enterprise value$318.03M+177%
P/S2.7×+1.9×

Profitability

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Operating margin-20%-7.1pp
Net margin-27%-9.0pp
FCF margin-20.3%-6.8pp

Returns & leverage

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Return on equity-540%-1,719pp
Debt / equity7.9×-55.5×
Current ratio2.8×+0.7×

Segments

By product

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Diagnostic Tests$25.3M+41.6%
Development Services$1.5M-28.7%

FAQ

When did Biodesix, Inc. report Q2 2026 earnings?
Biodesix, Inc. (BDSX) reported Q2 2026 earnings on August 5, 2026 after market close.
What were Biodesix, Inc.'s Q2 2026 revenue and EPS?
Biodesix, Inc. reported revenue of $26.9M and eps of $-0.71 for Q2 2026.
Did Biodesix, Inc. beat estimates in Q2 2026?
Revenue beat the consensus estimate of $26.0M by $835.5K. EPS beat the consensus estimate of $-0.90 by $0.19.
How did Biodesix, Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 34.2% from $20.0M a year earlier and eps grew 55.6% from $-1.60.
Where can I find Biodesix, Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-335010) and the 10-Q periodic report (0001193125-26-335036) directly on SEC EDGAR. The filing index links above go to sec.gov.