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GeneDx Holdings WGS GeneDx — Adjusted Gross Margin

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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$1.89B-24.3%
Enterprise value$1.89B-22.8%
P/S4.3×-3.3×

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 wgs:AdjustedGrossMargin.

The official record: GeneDx Holdings’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is GeneDx Holdings's genedx — adjusted gross margin?
GeneDx Holdings (WGS) reported genedx — adjusted gross margin of $69.88M in Q1 2026.
How has GeneDx Holdings's genedx — adjusted gross margin changed year-over-year?
GeneDx Holdings's genedx — adjusted gross margin increased by 17.0% year-over-year, from $59.72M to $69.88M.
What is the long-term trend for GeneDx Holdings's genedx — adjusted gross margin?
Over 2 years (2023 to 2025), GeneDx Holdings's genedx — adjusted gross margin has grown at a 85.6% compound annual growth rate (CAGR), from $87.39M to $300.99M.
What does genedx — adjusted gross margin mean?
Calculated as the difference between total segment revenue and adjusted cost of services, representing the profitability of the GeneDx segment's core service offerings. It provides insight into the segment's ability to manage direct production costs relative to its pricing power.