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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$2B+12.0%
Enterprise value$2.63B+4.4%
P/S2.3×+0.3×

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 official record: Neogen’s 10-Q, filed April 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.