What is CareDx's work in process?

CareDx (CDNA) reported work in process of $3.61M in Q1 2026.

How has CareDx's work in process changed year-over-year?

CareDx's work in process decreased by 24.9% year-over-year, from $4.81M to $3.61M.

What is the long-term trend for CareDx's work in process?

Over 5 years (2020 to 2025), CareDx's work in process has grown at a 5.0% compound annual growth rate (CAGR), from $2.94M to $3.74M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

CareDx CDNA Work in process

Work in process at other companies

QuidelOrtho CorporationQDEL

$112.7M+22.1%

AbbottABT

$994M+11.7%

Teladoc HealthTDOC

$1.1M+98.2%

Thermo Fisher ScientificTMO

——

Bio-Rad LaboratoriesBIO

——

DanaherDHR

——

Other financials

Income statement

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Revenue$117.7M+39.0%

Operating income$1.2M+109%

Net income$2.8M+127%

EPS (diluted)$0.05+126%

Balance sheet

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Cash & equivalents$78.5M-12.1%

Total debt$24.5M-19.1%

Total equity$313.5M-17.3%

Total assets$411.1M-16.0%

Cash flow

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Operating cash flow$4.3M+116%

CapEx$3.8M+134%

Free cash flow$514.0K+102%

Valuation

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Market cap$1.4B+32.2%

Enterprise value$1.35B+34.6%

P/S3.4×+0.3×

Profitability

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Gross margin65.5%—

Operating margin-3.9%-18.3pp

Net margin-2%-19.9pp

FCF margin-0%0.0pp

Returns & leverage

See full

Return on equity-2.4%-21.9pp

Debt / equity0.1×0.0×

Current ratio3.4×-0.7×

Where this comes from

Reported directly by CareDx in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: CareDx’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CareDx's work in process?: CareDx (CDNA) reported work in process of $3.61M in Q1 2026.
How has CareDx's work in process changed year-over-year?: CareDx's work in process decreased by 24.9% year-over-year, from $4.81M to $3.61M.
What is the long-term trend for CareDx's work in process?: Over 5 years (2020 to 2025), CareDx's work in process has grown at a 5.0% compound annual growth rate (CAGR), from $2.94M to $3.74M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.