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Veracyte VCYT Testing revenue — Cost of 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:CostOfRevenue.

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
Biopharmaceutical and other revenue3013,584
Total revenue139,071114,473
Cost of revenue:
Cost of testing revenue33,30628,260
Cost of product revenue1,8911,422
Cost of biopharmaceutical and other revenue82,698
Intangible asset amortization - cost of revenue2,7072,585
Total cost of revenue37,91234,965

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Veracyte's testing revenue — cost of revenue?
Veracyte (VCYT) reported testing revenue — cost of revenue of $33.31M in Q1 2026.
How has Veracyte's testing revenue — cost of revenue changed year-over-year?
Veracyte's testing revenue — cost of revenue increased by 17.9% year-over-year, from $28.26M to $33.31M.
What is the long-term trend for Veracyte's testing revenue — cost of revenue?
Over 4 years (2021 to 2025), Veracyte's testing revenue — cost of revenue has grown at a 21.3% compound annual growth rate (CAGR), from $58.86M to $127.56M.
What does testing revenue — cost of revenue mean?
This reflects the direct costs incurred to deliver diagnostic testing services, including materials, labor, and allocated overhead. Monitoring this metric helps assess the direct profitability and operational efficiency of the testing segment.

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