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Veracyte VCYT Business Segments — Gross Profit

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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:GrossProfit.

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
Cost of biopharmaceutical and other revenue82,698
Intangible asset amortization - cost of revenue2,7072,585
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

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Veracyte's business segments — gross profit?
Veracyte (VCYT) reported business segments — gross profit of $101.16M in Q1 2026.
How has Veracyte's business segments — gross profit changed year-over-year?
Veracyte's business segments — gross profit increased by 27.2% year-over-year, from $79.51M to $101.16M.
What is the long-term trend for Veracyte's business segments — gross profit?
Over 3 years (2022 to 2025), Veracyte's business segments — gross profit has grown at a 27.3% compound annual growth rate (CAGR), from $175.68M to $362.53M.
What does business segments — gross profit mean?
Calculated as the total revenue of the reportable segment minus the direct costs associated with producing its goods or services. It serves as a primary indicator of the segment's production efficiency and pricing power.

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