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Veracyte VCYT Biopharmaceutical and other revenue — 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$3.71B+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:ContractWithCustomerLiability.

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

Accounts receivable from biopharmaceutical and other revenue was $1.1 million at March 31, 2026 and $3.6 million at December 31, 2025. Deferred revenue related to these agreements was $0.7 million at March 31, 2026 and $1.2 million at December 31, 2025. Following the restructuring proceedings affecting Veracyte SAS, as of August 2025 Veracyte SAS no longer provides biopharmaceutical services, contract manufacturing or contract development services. Revenue included in biopharmaceutical and other revenue for the three months ended March 31, 2026 and 2025 was as follows (in thousands of dollars):

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Veracyte's biopharmaceutical and other revenue — deferred revenue?
Veracyte (VCYT) reported biopharmaceutical and other revenue — deferred revenue of $700K in Q1 2026.
How has Veracyte's biopharmaceutical and other revenue — deferred revenue changed year-over-year?
Veracyte's biopharmaceutical and other revenue — deferred revenue decreased by 58.8% year-over-year, from $1.7M to $700K.
What is the long-term trend for Veracyte's biopharmaceutical and other revenue — deferred revenue?
Over 3 years (2022 to 2025), Veracyte's biopharmaceutical and other revenue — deferred revenue has grown at a -32.1% compound annual growth rate (CAGR), from $15.3M to $4.8M.
What does biopharmaceutical and other revenue — deferred revenue mean?
This metric reflects payments received from biopharmaceutical partners for services or milestones that have not yet been fully performed or satisfied under contract terms. It provides insight into future revenue recognition and the company's ability to secure upfront funding for long-term research projects.

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