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Segments

By segment

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Protein Sciences$57.91M+3.8%
Diagnostics And Spatial Biology$27.62M-17.4%

Other financials

Income statement

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Revenue$311.4M-1.5%
Gross profit$208.3M-2.9%
Operating income$75.5M+95.0%
Net income$51.0M+126%
EPS (diluted)$0.32+129%

Balance sheet

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Cash & equivalents$209.8M+49.2%
Total debt$290.3M-31.4%
Total equity$2.1B+3.3%
Total assets$2.6B-3.5%

Cash flow

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Operating cash flow$86.7M+111%
CapEx$9.1M-10.2%
Free cash flow$77.6M+150%

Valuation

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Market cap$11.22B+43.5%
Enterprise value$11.3B+39.5%
P/E74.9×+16.9×
P/S9.3×+2.9×

Profitability

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Gross margin65%-0.8pp
Operating margin14.2%-7.9pp
Net margin10.9%-6.7pp
FCF margin22.3%+4.0pp

Returns & leverage

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Return on equity6.5%-3.9pp
Debt / equity0.1×-0.1×
Current ratio4.5×+0.8×

Where this comes from

Reported directly by Bio-Techne in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The source filing: Bio-Techne’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:31 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-056302
Line itemQuarter Ended / March 31, 2026Quarter Ended / March 31, 2025Nine Months Ended / March 31, 2026Nine Months Ended / March 31, 2025
Cost of sales103,127101,625306,170311,211
Gross margin208,288214,556587,677591,460
Operating expenses:
Selling, general and administrative109,338151,269339,242391,881
Research and development23,45524,57970,82173,464
Total operating expenses132,793175,848410,063465,345
Operating income75,49538,708177,614126,115
Other income (expense)(4,270)(434)(7,614)(4,793)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Bio-Techne's SG&A?
Bio-Techne (TECH) reported SG&A of $109.34M in Q1 2026.
How has Bio-Techne's SG&A changed year-over-year?
Bio-Techne's SG&A decreased by 27.7% year-over-year, from $151.27M to $109.34M.
What is the long-term trend for Bio-Techne's SG&A?
Over 3 years (2022 to 2025), Bio-Techne's SG&A has grown at a 16.4% compound annual growth rate (CAGR), from $372.77M to $588.52M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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