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Veracyte VCYT Testing revenue — Compensation expense

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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 vcyt:CostOfRevenueCompensationExpense.

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 testing revenue:
Laboratory supplies and reagents expense12,31413,067
Sample collection expense3,2882,825
Compensation expense9,8045,611
Other cost of testing revenue (1)4,9373,385
Allocation of facilities and IT expenses2,9633,372
Total cost of testing revenue33,30628,260
Cost of product revenue:

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Veracyte's testing revenue — compensation expense?
Veracyte (VCYT) reported testing revenue — compensation expense of $9.8M in Q1 2026.
How has Veracyte's testing revenue — compensation expense changed year-over-year?
Veracyte's testing revenue — compensation expense increased by 74.7% year-over-year, from $5.61M to $9.8M.
What is the long-term trend for Veracyte's testing revenue — compensation expense?
Over 3 years (2022 to 2025), Veracyte's testing revenue — compensation expense has grown at a 13.1% compound annual growth rate (CAGR), from $17.02M to $24.61M.
What does testing revenue — compensation expense mean?
This represents the direct personnel costs, including salaries and benefits, for staff specifically dedicated to the laboratory testing and diagnostic operations. It provides insight into the labor intensity required to maintain testing throughput.

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