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Other financials

Income statement

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Revenue$102.3M+17.4%
Gross profit$68.2M+16.6%
Operating income-$57.5M-1,163%
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$2.3B-27.6%
Enterprise value$2.3B-27.0%
P/S5.2×-3.6×

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:ResearchAndDevelopmentExpense.

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
Total revenue102,25487,115
Cost of services34,04328,639
Gross profit68,21158,476
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

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is GeneDx Holdings's R&D?
GeneDx Holdings (WGS) reported R&D of $19.8M in Q1 2026.
How has GeneDx Holdings's R&D changed year-over-year?
GeneDx Holdings's R&D increased by 57.5% year-over-year, from $12.58M to $19.8M.
What is the long-term trend for GeneDx Holdings's R&D?
Over 4 years (2021 to 2025), GeneDx Holdings's R&D has grown at a -9.0% compound annual growth rate (CAGR), from $105.16M to $72.03M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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