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Veracyte VCYT Product revenue — License fees and royalties

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OTEXLicense — Cost of revenues:
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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$4.29B+10.7%

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 vcyt:CostOfRevenueLicenseFeesAndRoyalties.

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 product revenue — license fees and royalties?
Veracyte (VCYT) reported product revenue — license fees and royalties of $313K in Q1 2026.
How has Veracyte's product revenue — license fees and royalties changed year-over-year?
Veracyte's product revenue — license fees and royalties decreased by 3.4% year-over-year, from $324K to $313K.
What is the long-term trend for Veracyte's product revenue — license fees and royalties?
Over 3 years (2022 to 2025), Veracyte's product revenue — license fees and royalties has grown at a 3.5% compound annual growth rate (CAGR), from $1.09M to $1.21M.
What does product revenue — license fees and royalties mean?
This metric represents the costs associated with licensing intellectual property or paying royalties required to manufacture or sell products within the segment. These expenses are often tied to third-party technology or patent rights necessary for product commercialization. It provides insight into the company's reliance on external technology and the associated cost burden on product profitability.