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Segments

By segment

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Reportable Segment$27.1M+52.9%

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$3.71B+97.6%
Enterprise value$3.48B+104%
P/E42.2×-29.1×
P/S6.9×+2.9×

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:ResearchAndDevelopmentExpense.

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 itemThree Months Ended March 31, 20262025
Total cost of revenue37,91234,965
Gross profit101,15979,508
Operating expenses:
Research and development27,09817,720
Selling and marketing27,15624,454
General and administrative23,68033,808
Intangible asset amortization - operating expenses579622
Total operating expenses78,51376,604

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Veracyte's R&D?
Veracyte (VCYT) reported R&D of $27.1M in Q1 2026.
How has Veracyte's R&D changed year-over-year?
Veracyte's R&D increased by 52.9% year-over-year, from $17.72M to $27.1M.
What is the long-term trend for Veracyte's R&D?
Over 4 years (2021 to 2025), Veracyte's R&D has grown at a 24.1% compound annual growth rate (CAGR), from $29.84M to $70.81M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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