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Myriad Genetics MYGN West Salt Lake City — Lease payments due

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Other financials

Income statement

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Revenue$200.4M+2.3%
Gross profit$137.6M+2.5%
Operating income-$30.7M-5.9%
Net income-$34.1M-34,000%
EPS (diluted)-$0.36

Balance sheet

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Cash & equivalents$126.0M+24.8%
Total debt$211.5M+34.2%
Total equity$337.4M-52.1%
Total assets$673.7M-33.0%

Cash flow

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Operating cash flow-$15.7M+3.7%
CapEx$18.8M+181%
Free cash flow-$19.7M+65.1%

Valuation

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Market cap$310.86M-46.0%
Enterprise value$396.36M-38.7%
P/S0.4×-0.3×

Profitability

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Gross margin70%0.0pp
Operating margin-46.9%-88.3pp
Net margin-48.2%-72.9pp
FCF margin-17%

Returns & leverage

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Return on equity-76.7%-98.4pp
Debt / equity0.6×+0.4×
Current ratio2.4×+0.5×

Where this comes from

Reported directly by Myriad Genetics in its filing.

Tagged under the XBRL concept us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue.

The source filing: Myriad Genetics’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 6:05 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000899923-26-000038

The Company previously amended the lease for its west Salt Lake City headquarters in 2024 to expand the facility in anticipation of future operating needs. During the three months ended March 31, 2026, the Company took possession of the remaining square footage of the west Salt Lake City facility and recognized an additional $2.7 million right-of-use asset and corresponding lease liability, net of tenant improvement allowance not yet received of approximately $6.5 million. Future rent payments associated with the expanded space are approximately $18.2 million.

Item 1. Financial Statements.

FAQ

What is Myriad Genetics's west salt lake city — lease payments due?
Myriad Genetics (MYGN) reported west salt lake city — lease payments due of $18.2M in Q1 2026.
How has Myriad Genetics's west salt lake city — lease payments due changed year-over-year?
Myriad Genetics's west salt lake city — lease payments due decreased by 0.0% year-over-year, from $18.2M to $18.2M.
What does west salt lake city — lease payments due mean?
Represents the total contractual cash outflows required for operating leases in the West Salt Lake City segment over a specified future period. This metric is critical for cash flow forecasting and understanding the company's fixed operational commitments. It highlights the liquidity impact of maintaining physical diagnostic facilities in this region.

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