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Idexx Laboratories IDXX Recurring revenue — Total Revenue

Other product segments

IDEXX VetLab consumables
$412.58M+19.7%
Reference laboratory diagnostic and consulting services
$386.18M+12.1%
Rapid assay products
$84.94M+1.1%
CAG Diagnostics capital - instruments
$42.45M+32.7%
CAG Diagnostics services and accessories
$36.61M+10.8%
Systems and hardware
$17.75M+12.5%

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Other financials

Income statement

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Revenue$1.1B+14.3%
Gross profit$722.7M+15.9%
Operating income$362.6M+14.5%
Net income$278.4M+14.7%
EPS (diluted)$3.47+17.2%

Balance sheet

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Cash & equivalents$200.5M+22.3%
Total debt$575.5M-22.2%
Total equity$1.6B+7.5%
Total assets$3.4B+5.3%

Cash flow

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Operating cash flow$266.2M+11.9%
CapEx$32.0M+6.5%
Free cash flow$234.3M+12.7%

Valuation

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Market cap$43.78B+2.0%
Enterprise value$44.15B+1.7%
P/E40×-3.6×
P/S9.9×-0.8×

Profitability

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Gross margin62.1%+0.8pp
Operating margin31.6%+2.5pp
Net margin24.6%+1.9pp
FCF margin24.4%+2.8pp

Returns & leverage

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Return on equity72.9%+13.6pp
Debt / equity0.4×-0.1×
Current ratio1.1×0.0×

Where this comes from

Reported directly by Idexx Laboratories in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Idexx Laboratories’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Idexx Laboratories's recurring revenue — total revenue?
Idexx Laboratories (IDXX) reported recurring revenue — total revenue of $73.54M in Q1 2026.
How has Idexx Laboratories's recurring revenue — total revenue changed year-over-year?
Idexx Laboratories's recurring revenue — total revenue increased by 11.8% year-over-year, from $65.79M to $73.54M.
What is the long-term trend for Idexx Laboratories's recurring revenue — total revenue?
Over 4 years (2021 to 2025), Idexx Laboratories's recurring revenue — total revenue has grown at a 17.0% compound annual growth rate (CAGR), from $147.5M to $276.34M.
What does recurring revenue — total revenue mean?
This metric represents the portion of total revenue generated from recurring sources, such as diagnostic test kits, reference laboratory services, and software subscriptions. It serves as a key indicator of business stability and customer retention within the veterinary diagnostics market. By focusing on recurring streams, the company demonstrates its ability to generate predictable cash flows independent of one-time equipment sales.