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NeoGenomics NEO Shipping costs — Cost of revenue

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Other financials

Income statement

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Revenue$201.7M+11.2%
Gross profit$91.9M+18.9%
Operating income-$9.8M+79.5%
Net income$2.2M+105%
EPS (diluted)$0.02+106%

Balance sheet

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Cash & equivalents$145.5M-5.9%
Total debt$448.4M+534%
Total equity$785.7M-8.0%
Total assets$1.4B-3.0%

Cash flow

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Operating cash flow$20.0M-1.8%
CapEx$8.2M+30.0%
Free cash flow-$13.1M+56.0%

Valuation

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Market cap$2B+183%
Enterprise value$2.3B+264%
P/S2.6×+1.6×

Profitability

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Gross margin43.9%0.0pp
Operating margin-8.9%-2.8pp
Net margin-6.8%-2.4pp
FCF margin-4.9%

Returns & leverage

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Return on equity-6.3%-2.0pp
Debt / equity0.6×+0.5×
Current ratio3.6×-0.3×

Where this comes from

Reported directly by NeoGenomics in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: NeoGenomics’s 10-K, filed February 17, 2026.

Filed
Feb 17, 2026, 4:17 PM EST
Fiscal year
FY2025
Accession
0001077183-26-000010

Cost of revenue includes compensation and benefit costs for performing tests, project management, depreciation of laboratory equipment and laboratory leasehold improvements, rent for laboratory facilities, laboratory reagents, probes and supplies, delivery and courier costs relating to the transportation of specimens to be tested, amortization for acquired intangible assets, and stock-based compensation. The expenses related to shipping specimens to the facilities for testing, includes costs incurred for contract couriers, commercial airline flights, and courier charges. The Company also incurs expenses returning samples and slides to its clients. For the years ended December 31, 2025, 2024 and 2023, the Company recorded shipping expenses of approximately $20.2 million, $17.6 million, and $18.4 million, respectively as cost of revenue in the Consolidated Statements of Operations.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is NeoGenomics's shipping costs — cost of revenue?
NeoGenomics (NEO) reported shipping costs — cost of revenue of $5.05M in Q4 2025.
How has NeoGenomics's shipping costs — cost of revenue changed year-over-year?
NeoGenomics's shipping costs — cost of revenue increased by 14.8% year-over-year, from $4.4M to $5.05M.
What is the long-term trend for NeoGenomics's shipping costs — cost of revenue?
Over 4 years (2021 to 2025), NeoGenomics's shipping costs — cost of revenue has grown at a 5.2% compound annual growth rate (CAGR), from $16.5M to $20.2M.
What does shipping costs — cost of revenue mean?
This metric represents the direct expenses incurred for the logistics and transportation of biological samples and diagnostic materials from clients to laboratory facilities. It captures the variable costs associated with maintaining a reliable supply chain for clinical and research testing services. Monitoring this figure helps assess the efficiency of specimen collection networks and the impact of logistics pricing on overall service margins.

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