Idexx Laboratories Total CAG Diagnostics recurring revenue — Total Revenue increased by 8.3% to $920.31M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.1%, from $806.27M to $920.31M. Over 4 years (FY 2021 to FY 2025), Total CAG Diagnostics recurring revenue — Total Revenue shows an upward trend with a 7.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
An increase indicates a higher reliance on predictable, high-margin recurring revenue streams, which typically enhances valuation multiples and business stability. A decrease may suggest a shift toward one-time equipment sales or increased competitive pressure on core diagnostic services.
This metric represents the portion of total revenue derived from recurring diagnostic products and services within the C...
Peers in the veterinary or human diagnostics space often report this as 'consumables' or 'recurring revenue' percentage, typically benchmarking against high-growth medical device companies with razor-and-blade business models.
idxx_segment_total_cag_diagnostics_recurring_revenue_total_revenue| 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 | $633.64M | $633.64M | $633.64M | $665.07M | $665.07M | $665.07M | $665.07M | $726.90M | $762.48M | $733.96M | $712.09M | $780.14M | $808.45M | $783.44M | $757.45M | $806.27M | $878.00M | $873.27M | $849.66M | $920.31M |
| QoQ Change | — | +0.0% | +0.0% | +5.0% | +0.0% | +0.0% | +0.0% | +9.3% | +4.9% | -3.7% | -3.0% | +9.6% | +3.6% | -3.1% | -3.3% | +6.4% | +8.9% | -0.5% | -2.7% | +8.3% |
| YoY Change | — | — | — | — | +5.0% | +5.0% | +5.0% | +9.3% | +14.6% | +10.4% | +7.1% | +7.3% | +6.0% | +6.7% | +6.4% | +3.3% | +8.6% | +11.5% | +12.2% | +14.1% |