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Veracyte VCYT Business Segments — Income tax provision

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

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:IncomeTaxExpenseBenefit.

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 business segments — income tax provision?
Veracyte (VCYT) reported business segments — income tax provision of $1.27M in Q1 2026.
How has Veracyte's business segments — income tax provision changed year-over-year?
Veracyte's business segments — income tax provision increased by 232.5% year-over-year, from $381K to $1.27M.
What does business segments — income tax provision mean?
This metric represents the estimated tax expense allocated to the reportable segment based on its pre-tax earnings and applicable tax jurisdictions. It reflects the fiscal obligations arising from the segment's operational performance. Analyzing this provision is critical for understanding the segment's net contribution to the company's bottom line after accounting for tax liabilities.