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Veracyte VCYT Deferred Revenue

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Other financials

Income statement

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Revenue$139.1M+21.5%
Gross profit$101.2M+27.2%
Operating income$22.6M+680%
Net income$28.7M+307%
EPS (diluted)$0.35+289%

Balance sheet

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Cash & equivalents$264.8M+41.0%
Total debt$39.3M-22.1%
Total equity$1.3B+12.5%
Total assets$1.4B+9.2%

Cash flow

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Operating cash flow$35.2M+557%
CapEx$3.0M+62.8%
Free cash flow$32.3M+810%

Valuation

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Market cap$3.8B+72.4%
Enterprise value$3.57B+75.8%
P/E43.1×-40.5×
P/S+2.4×

Profitability

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Gross margin70.9%+2.9pp
Operating margin14.3%+9.2pp
Net margin16.2%+9.1pp
FCF margin28.7%+11.7pp

Returns & leverage

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Return on equity6.9%+4.1pp
Debt / equity0.0×
Current ratio9.3×+4.2×

Where this comes from

Reported directly by Veracyte in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

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

Filed
May 6, 2026, 8:07 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001384101-26-000031
Line itemMarch 31, 2026December 31, 2025
Current liabilities:
Accounts payable$6,908$4,593
Accrued liabilities43,12948,801
Current portion of deferred revenue7491,160
Current portion of acquisition-related contingent consideration9821,332
Current portion of operating lease liabilities4,3474,051
Total current liabilities56,11559,937
Deferred tax liabilities636646

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Veracyte's deferred revenue?
Veracyte (VCYT) reported deferred revenue of $749K in Q1 2026.
How has Veracyte's deferred revenue changed year-over-year?
Veracyte's deferred revenue decreased by 56.3% year-over-year, from $1.71M to $749K.
What is the long-term trend for Veracyte's deferred revenue?
Over 5 years (2020 to 2025), Veracyte's deferred revenue has grown at a 25.6% compound annual growth rate (CAGR), from $371K to $1.16M.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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