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Idexx Laboratories IDXX Systems and hardware — 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%
Recurring revenue
$73.54M+11.8%
CAG Diagnostics capital - instruments
$42.45M+32.7%
CAG Diagnostics services and accessories
$36.61M+10.8%

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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$43.5B+2.0%
Enterprise value$43.88B+1.7%
P/E39.7×-3.6×
P/S9.8×-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 systems and hardware — total revenue?
Idexx Laboratories (IDXX) reported systems and hardware — total revenue of $17.75M in Q1 2026.
How has Idexx Laboratories's systems and hardware — total revenue changed year-over-year?
Idexx Laboratories's systems and hardware — total revenue increased by 12.5% year-over-year, from $15.78M to $17.75M.
What is the long-term trend for Idexx Laboratories's systems and hardware — total revenue?
Over 4 years (2021 to 2025), Idexx Laboratories's systems and hardware — total revenue has grown at a 4.3% compound annual growth rate (CAGR), from $58.76M to $69.54M.
What does systems and hardware — total revenue mean?
This metric represents the total revenue generated from the sale and lease of diagnostic equipment, including benchtop chemistry and hematology analyzers used in veterinary practices. It serves as a primary indicator of the company's installed base growth and its ability to capture long-term recurring revenue through associated diagnostic consumables and services. High performance in this segment typically signals strong market penetration and successful adoption of the company's diagnostic technology ecosystem.