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Neogen NEOG Food 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 food safety — operating expenses?
Neogen (NEOG) reported food safety — operating expenses of $62.8M in Q4 2025.
How has Neogen's food safety — operating expenses changed year-over-year?
Neogen's food safety — operating expenses decreased by 7.0% year-over-year, from $67.5M to $62.8M.
What is the long-term trend for Neogen's food safety — operating expenses?
Over 2 years (2023 to 2025), Neogen's food safety — operating expenses has grown at a 139.8% compound annual growth rate (CAGR), from $228.73M to $1.32B.
What does food safety — operating expenses mean?
This metric captures the total operating costs incurred to support the food safety segment, excluding the direct cost of revenue. It typically includes research and development, selling, general, and administrative expenses required to maintain business operations. Analyzing this helps investors understand the overhead burden and the scalability of the segment's business model.

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