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QuidelOrtho Corporation QDEL Unrecognized Tax Benefits

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Other financials

Income statement

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Revenue$630.9M+2.8%
Gross profit$272.9M-0.7%
Operating income-$21.8M+87.9%
Net income-$92.9M+63.6%
EPS (diluted)-$1.36+63.9%

Balance sheet

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Cash & equivalents$123.4M-18.7%
Total debt$3.4B+3.0%
Total equity$1.8B-36.4%
Total assets$5.7B-10.4%

Cash flow

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Operating cash flow-$110.6M
CapEx$25.5M-32.0%
Free cash flow-$136.1M-61.4%

Valuation

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Market cap$837.73M-47.8%
Enterprise value$4.15B-13.4%
P/S0.3×-0.3×

Profitability

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Gross margin44.6%-2.7pp
Operating margin-30.8%-49.9pp
Net margin-39.2%-168pp
FCF margin13.8%

Returns & leverage

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Return on equity-45.9%-94.9pp
Debt / equity1.9×+0.7×
Current ratio1.4×+0.3×

Where this comes from

Reported directly by QuidelOrtho Corporation in its filing.

Tagged under the XBRL concept us-gaap:UnrecognizedTaxBenefits.

The source filing: QuidelOrtho Corporation’s 10-Q, filed August 7, 2026.

Filed
Aug 6, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q3 2026
Accession
0001906324-26-000033

The balance of unrecognized tax benefits at June 28, 2026, not including interest and penalties, was $195.4 million, of which $19.5 million could affect the effective income tax rate in future periods, if recognized. The Company also recognizes interest and penalties related to unrecognized tax benefits in income tax expense. At June 28, 2026, the Company had approximately $1.0 million of interest and penalties accrued related to unrecognized tax benefits.

Item 1. Financial Statements (unaudited)

FAQ

What is QuidelOrtho Corporation's unrecognized tax benefits?
QuidelOrtho Corporation (QDEL) reported unrecognized tax benefits of $195.4M in Q2 2026.
How has QuidelOrtho Corporation's unrecognized tax benefits changed year-over-year?
QuidelOrtho Corporation's unrecognized tax benefits increased by 5.8% year-over-year, from $184.7M to $195.4M.
What does unrecognized tax benefits mean?
This represents the amount of tax benefits from uncertain tax positions that have not been recognized in the financial statements because they do not meet the 'more-likely-than-not' threshold. It reflects the company's exposure to potential tax audits and disputes with tax authorities. This is a key indicator of tax-related legal and financial risk.

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