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Neogen NEOG Animal Safety — Operating Expenses

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Other financials

Income statement

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Revenue$211.2M-4.4%
Gross profit$99.0M-10.2%
Operating income-$3.3M-161%
Net income-$17.0M-56.0%
EPS (diluted)-$0.08-60.0%

Balance sheet

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Cash & equivalents$159.9M+25.2%
Total debt$793.3M-11.2%
Total equity$2.1B-21.0%
Total assets$3.4B-16.8%

Cash flow

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Operating cash flow$22.7M+16.7%
CapEx$11.6M-64.7%
Free cash flow$11.1M+182%

Valuation

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Market cap$2.5B+125%
Enterprise value$3.13B+65.3%
P/S2.9×+1.6×

Profitability

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Gross margin45.2%-3.6pp
Operating margin-73.1%+77.7pp
Net margin-69.9%+30.8pp
FCF margin-14%

Returns & leverage

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Return on equity-25.6%+28.8pp
Debt / equity0.4×0.0×
Current ratio3.9×0.0×

Where this comes from

Reported directly by Neogen in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: Neogen’s 10-Q, filed April 9, 2026.

Filed
Apr 9, 2026, 4:03 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-149599
Line itemFood SafetyAnimal SafetyCorporate and Eliminations (1)Total
Intersegment Revenue(3.8)(1.8)(5.6)
Net Revenue156.754.5211.2
Total Cost of Revenues77.634.6112.2
Operating Expenses62.814.225.3102.3
Operating Income (Loss)$16.3$5.7$(25.3)$(3.3)
Depreciation and Amortization$26.5$2.4$28.9
Interest Expense$14.5$14.5
Total Assets$2,910.1$289.0$159.9$3,359.0

Item 1. Interim Condensed Consolidated Financial Statements

FAQ

What is Neogen's animal safety — operating expenses?
Neogen (NEOG) reported animal safety — operating expenses of $14.2M in Q4 2025.
How has Neogen's animal safety — operating expenses changed year-over-year?
Neogen's animal safety — operating expenses decreased by 15.0% year-over-year, from $16.7M to $14.2M.
What is the long-term trend for Neogen's animal safety — operating expenses?
Over 2 years (2023 to 2025), Neogen's animal safety — operating expenses has grown at a 7.4% compound annual growth rate (CAGR), from $73.48M to $84.69M.
What does animal safety — operating expenses mean?
Encompasses the indirect costs of operating the animal safety segment, including research and development, sales, marketing, and administrative expenses. This metric reflects the company's investment in maintaining and growing the segment's market presence.

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