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GeneDx Holdings WGS Operating Income

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$102.3M+17.4%
Gross profit$68.2M+16.6%
Net income-$63.3M-870%
EPS (diluted)-$2.16-839%

Balance sheet

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Cash & equivalents$94.9M-5.7%
Total debt$96.7M+82.5%
Total equity$254.1M-1.3%
Total assets$506.3M+13.4%

Cash flow

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Operating cash flow-$32.4M-418%
CapEx$6.5M+5.3%
Free cash flow-$38.9M-1,059%

Valuation

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Market cap$2.08B-31.7%
Enterprise value$2.08B-31.2%
P/S4.7×-3.7×

Profitability

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Gross margin69.6%+4.3pp
Operating margin-14.9%
Net margin-17.6%
FCF margin3.8%+2.1pp

Returns & leverage

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Return on equity-30.4%
Debt / equity0.4×+0.2×
Current ratio3.1×-0.2×

Where this comes from

Reported directly by GeneDx Holdings in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: GeneDx Holdings’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:15 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001818331-26-000041
Line itemThree months ended March 31, 20262025
Research and development19,80412,577
Selling, general and administrative74,59150,450
Impairment loss31,287
Loss from operations(57,471)(4,551)
Non-operating (expenses) income, net
Change in fair value of financial liabilities2,540(1,100)
Interest expense, net(717)(640)
Loss on extinguishment of debt(6,565)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is GeneDx Holdings's operating income?
GeneDx Holdings (WGS) reported operating income of -$57.47M in Q1 2026.
How has GeneDx Holdings's operating income changed year-over-year?
GeneDx Holdings's operating income decreased by 1162.8% year-over-year, from -$4.55M to -$57.47M.
What is the long-term trend for GeneDx Holdings's operating income?
Over 3 years (2021 to 2025), GeneDx Holdings's operating income has grown at a -69.2% compound annual growth rate (CAGR), from -$446.15M to -$13.08M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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