Product revenue — Cost of revenue
Idexx Laboratories Product revenue — Cost of revenue decreased by 10.4% to $194.43M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.8%, from $175.53M to $194.43M. Over 4 years (FY 2021 to FY 2025), Product revenue — Cost of revenue shows an upward trend with a 5.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A decrease relative to product revenue suggests improved manufacturing efficiency or favorable economies of scale. An increase may signal rising input costs, supply chain inefficiencies, or changes in the product mix toward lower-margin items.
Detailed definition
This metric captures the direct costs associated with manufacturing and delivering the physical diagnostic products sold...
Peer comparison
Comparable to cost of goods sold (COGS) for physical products in the life sciences and medical device sectors, where manufacturing scale is a key driver of profitability.
idxx_segment_product_revenue_cost_of_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $169.83M | $166.75M | $172.97M | $162.07M | $167.32M | $158.55M | $168.56M | $173.61M | $180.00M | $178.53M | $185.82M | $176.77M | $180.64M | $176.27M | $182.40M | $175.53M | $205.15M | $206.96M | $216.98M | $194.43M |
| QoQ Change | — | -1.8% | +3.7% | -6.3% | +3.2% | -5.2% | +6.3% | +3.0% | +3.7% | -0.8% | +4.1% | -4.9% | +2.2% | -2.4% | +3.5% | -3.8% | +16.9% | +0.9% | +4.8% | -10.4% |
| YoY Change | — | — | — | — | -1.5% | -4.9% | -2.5% | +7.1% | +7.6% | +12.6% | +10.2% | +1.8% | +0.4% | -1.3% | -1.8% | -0.7% | +13.6% | +17.4% | +19.0% | +10.8% |
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Frequently Asked Questions
- What is Idexx Laboratories's product revenue — cost of revenue?
- Idexx Laboratories (IDXX) reported product revenue — cost of revenue of $194.43M in Q1 2026.
- How has Idexx Laboratories's product revenue — cost of revenue changed year-over-year?
- Idexx Laboratories's product revenue — cost of revenue increased by 10.8% year-over-year, from $175.53M to $194.43M.
- What is the long-term trend for Idexx Laboratories's product revenue — cost of revenue?
- Over 4 years (2021 to 2025), Idexx Laboratories's product revenue — cost of revenue has grown at a 5.2% compound annual growth rate (CAGR), from $656.82M to $804.62M.
- What does product revenue — cost of revenue mean?
- The direct costs incurred to manufacture and supply the physical diagnostic products sold to customers.