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Bio-Techne TECH Instruments — Revenue

Other product segments

Consumables
$257.34M-0.2%
Service
$21.45M-21.3%
Royalty
$4.97M-1.4%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Consumables$257,338$257,785$724,382$719,345
Instruments27,66426,11179,09583,185
Services21,44627,24671,24481,953
Total product and services revenue, net$306,448$311,142$874,721$884,483
Royalty revenues4,9675,03919,12618,188
Total revenues, net$311,415$316,181$893,847$902,671

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Bio-Techne's instruments — revenue?
Bio-Techne (TECH) reported instruments — revenue of $27.66M in Q1 2026.
How has Bio-Techne's instruments — revenue changed year-over-year?
Bio-Techne's instruments — revenue increased by 5.9% year-over-year, from $26.11M to $27.66M.
What is the long-term trend for Bio-Techne's instruments — revenue?
Over 3 years (2022 to 2025), Bio-Techne's instruments — revenue has grown at a -2.5% compound annual growth rate (CAGR), from $120.76M to $112.09M.
What does instruments — revenue mean?
This metric represents the total net sales generated specifically from the sale of analytical instruments within the company's portfolio, excluding any applicable sales taxes. It serves as a key indicator of the demand for the company's hardware-based research and diagnostic solutions, reflecting the adoption rate of its capital equipment among life sciences and clinical customers. This revenue stream is distinct from consumable reagents and provides insight into the company's ability to capture market share in the laboratory instrumentation space.

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