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Veracyte VCYT Gross margin

Gross margin at other companies

Guardant Health logo
Guardant HealthGH
64.9%+3.6pp
Bio-Rad Laboratories logo
Bio-Rad LaboratoriesBIO
51.9%-1.6pp
Labcorp Holdings logo
Labcorp HoldingsLH
28.8%+0.9pp
Quest Diagnostics logo
Quest DiagnosticsDGX
33.2%+0.4pp
Agilent Technologies logo
Agilent TechnologiesA
52.7%-0.6pp
Idexx Laboratories logo
Idexx LaboratoriesIDXX
62.1%+0.8pp

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$4.28B+10.7%
Enterprise value$4.05B+7.4%
P/E48.6×-68.3×
P/S7.9×-0.4×

Profitability

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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

Calculated from Veracyte’s reported figures.

Based on trailing twelve months.

The official record: Veracyte’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Veracyte's gross margin?
Veracyte (VCYT) reported gross margin of 70.9% in Q1 2026.
How has Veracyte's gross margin changed year-over-year?
Veracyte's gross margin increased by 4.3% year-over-year, from 68% to 70.9%.
What is the long-term trend for Veracyte's gross margin?
Over 3 years (2022 to 2025), Veracyte's gross margin has grown at a 5.8% compound annual growth rate (CAGR), from 59.2% to 70.1%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.