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Stock research / United States / VCYT · Services-Medical Laboratories · Nasdaq

Veracyte, Inc. (VCYT)

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Veracyte, Inc. (VCYT) reported revenue of $150 million for Q2 FY2026, the quarter ended 30 June 2026, up 15.5% on the same quarter a year earlier. Net income was $25 million, and diluted earnings per share $0.31. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.

Revenue$150 millionup 15.5%
Net income$25 million
Diluted EPS$0.31
QuarterQ2 FY2026ended 30 June 2026

Veracyte (VCYT) in brief

Veracyte (VCYT) reported revenue of $517 million for fiscal 2025, the year ended 31 December 2025, up 16.0% on the year before.
Read moreNet income was $66 million and diluted earnings per share $0.82. Revenue was $446 million in fiscal 2024, $361 million in fiscal 2023, $297 million in fiscal 2022 and $220 million in fiscal 2021. Net income in the same years was $24 million, a loss of $74 million, a loss of $37 million and a loss of $76 million. Over the twelve months to 30 June 2026, Veracyte reported revenue of $562 million and net income of $114 million. Revenue grew 34.5% a year, compounded, over the five years to fiscal 2025. Veracyte had 80 million shares outstanding at the latest filed count. At 30 June 2026 it carried $0 million of debt and $300 million of cash. At the close of 9 October 2026 the market cap of Veracyte was $3.6 billion, 32.1 times its earnings over the last twelve months.

Ratios

From the filings

ROE8.2%
ROCE7.6%
Operating margin18.8%
Net margin20.4%
FCF margin29.5%
Interest covern/a
Debt to equity0.00
Cash conversion1.56
Share count, 1 year2.2%
Sales CAGR, 3 years20.4%
Profit CAGR, 3 yearsn/a
EPS, TTM$1.41

At the close of 9 October 2026

Price$45.23
Market cap$3.6 billion
Stock P/E32.08
Price to book2.62
EV / EBITDA26.35
Dividend yieldn/a
Market cap / sales6.47
52-week high$60.49
52-week low$30.01
Price, 1 year29.5%
Price CAGR, 3 years26.1%
Price CAGR, 5 years1.7%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Veracyte, Inc.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
VCYTgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on VCYT

Filings16 in twelve months: 8 current reports (8-K), about 5 results of operations; 2 officer or director change; 1 material agreement; 1 acquisition or disposition completed; 1 regulation FD disclosure
Planned insider sales31 Form 144 notices in twelve months, $19.8 million; latest 24 September 2026
Options tapeput/call 0.87 by open interest at the 9 October 2026 close; the straddle prices a 18.6% move to 16 October 2026
13F holders8 of the followed funds hold it; largest FMR LLC; 14 Schedule 13D or 13G filings in twelve months
Insider trading57 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest10.2 million shares short, 5.88 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023 †Q4 FY2023 *Q1 FY2024 †Q2 FY2024Q3 FY2024Q4 FY2024 * †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue90.198.296.8114116119114130132141139150
Gross profit57.7n/a62.577.979.078.879.589.891.3102101109
Gross margin64%n/a65%68%68%66%69%69%69%73%73%72%
R&D13.318.716.016.517.619.317.716.316.020.827.129.4
Operating income-31.7-35.5-4.74.612.04.22.9-5.322.937.222.623.0
Operating margin-35%-36%-5%4%10%4%3%-4%17%26%16%15%
Pre-tax income-29.8-30.5-1.97.416.83.47.41.218.940.630.026.5
Tax raten/an/an/a22%10%-49%5%178%-1%-1%4%4%
Net income-29.6-28.3-1.95.715.25.17.0-1.019.141.128.725.5
Net margin-33%-29%-2%5%13%4%6%-1%15%29%21%17%
Diluted EPS-$0.41-$0.39-$0.02$0.07$0.19$0.07$0.09-$0.01$0.24$0.51$0.35$0.31
Operating cash flow14.215.6-9.029.630.024.55.433.644.852.635.245.8
Capital expenditure2.82.52.12.82.24.11.81.32.83.83.02.9
Free cash flow11.413.1-11.126.827.720.43.532.342.048.832.343.0
Shares outstanding73m73m76m77m77m78m78m79m79m79m80m80m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015 †FY2016FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022 †FY2023 †FY2024FY2025TTM
Revenue38.249.565.172.092.0120117220297361446517562
Cost of revenue16.621.525.528.233.136.1n/an/an/an/an/an/an/a
Gross profit21.628.039.643.858.984.3n/an/a176230298363403
Gross margin56.5%56.6%60.9%60.8%64.0%70.0%n/an/a59.2%63.6%66.9%70.1%71.7%
Research and development9.812.815.313.914.814.917.229.840.657.369.370.893.4
Operating income-29.0-33.5-28.8-26.5-22.2-15.1-35.4-81.9-41.1-85.816.157.8106
Operating margin-76.0%-67.6%-44.3%-36.9%-24.2%-12.6%-30.1%-37.3%-13.9%-23.8%3.6%11.2%18.8%
Interest expense0.40.42.84.92.00.70.2n/an/an/an/an/an/a
Pre-tax income-29.4-33.7-31.4-31.0-23.0-12.6-34.9-81.6-36.4-76.625.768.2116
Income tax0.00.00.00.00.00.00.0-6.10.1-2.21.61.81.5
Effective tax raten/an/an/an/an/an/an/an/an/an/a6.2%2.7%1.3%
Net income-29.4-33.7-31.4-31.0-23.0-12.6-34.9-75.6-36.6-74.424.166.4114
Net margin-76.9%-68.1%-48.2%-43.1%-25.0%-10.5%-29.7%-34.4%-12.3%-20.6%5.4%12.8%20.4%
Diluted EPS-$1.36-$1.30-$1.09-$0.91-$0.62-$0.27-$0.66-$1.11-$0.51-$1.02$0.31$0.82$1.41
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2025Share
latest year
Testing revenue49395.1%
Biopharmaceutical and other revenue9.71.9%
Biopharmaceutical revenue6.51.3%
Other Testing Revenue6.21.2%
Contract manufacturing and testing3.10.6%
Testing revenueBiopharmaceutical and other revenueBiopharmaceutical revenueOther Testing RevenueContract manufacturing and testing
519FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States33542449796.0%
International26.522.220.54.0%
United StatesInternational
361FY2023446FY2024517FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015 †FY2016FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow-27.6-27.0-28.0-23.9-13.5-3.2-9.7-31.67.544.275.1136178
Capital expenditure2.06.24.21.81.92.82.85.48.510.011.39.712.4
Free cash flow-29.7-33.1-32.2-25.7-15.4-6.0-12.5-37.0-1.034.363.8127166
Free cash flow margin-77.7%-66.9%-49.5%-35.7%-16.7%-5.0%-10.7%-16.9%-0.3%9.5%14.3%24.5%29.5%
Cash from investingn/a-6.7-4.2-1.3-1.9-42.7-3.8-739-29.415.1-56.3-9.2-98.7
Cash from financingn/a37.752.3-0.259.51272045963.52.84.9-4.20.3
Depreciation and amortisation1.22.33.53.83.94.17.919.625.927.223.521.420.8
Share-based compensation3.55.66.46.66.09.813.022.526.733.136.243.648.5
Diluted shares, weightedn/an/an/an/an/a46m53m68m72m73m78m81m82m
Shares outstanding at period end23m28m34m34m34m50m58m71m72m73m78m79m80m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 †FY2016FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity41.451.359.637.279.82394211,0971,0751,0441,1761,3101,388
Debt4.95.024.924.923.90.70.80.00.00.00.00.00.0
Operating lease liabilitiesn/an/an/an/a0.011.59.914.110.67.543.235.634.3
Other liabilities18.519.016.516.517.023.625.277.270.663.380.860.863.6
Total liabilities and equity64.875.310178.71212754571,1881,1561,1151,3001,4061,486
Owned
Fixed assets4.210.311.59.78.98.99.015.117.7n/an/an/an/a
Goodwill1.11.11.11.11.12.72.7708696703746767767
Intangible assetsn/a15.214.113.112.065.059.920317588.610289.182.7
Investmentsn/an/an/an/an/an/an/an/an/an/an/a50.3n/a
Securities held for sale or to maturityn/an/an/an/an/an/an/a4.024.60.050.4n/a186
Cash and equivalents35.039.159.233.978.0159349173154216239363300
Receivables3.03.58.812.713.219.318.541.544.040.446.544.754.2
Inventory3.73.83.55.33.46.84.711.214.316.121.820.5n/a
Other assets17.92.42.92.94.113.113.032.230.850.494.271.697.1
Total assets64.875.310178.71212754571,1881,1561,1151,3001,4061,486
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded26.4%34.5%20.4%17.3%
Profit growth, compoundedn/an/an/a334.7%
Return on equity, average-18.9%-2.1%-0.0%5.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Veracyte's revenue in fiscal 2025?

Veracyte (VCYT) reported revenue of $517 million for fiscal 2025, the year ended 31 December 2025, up 16.0% on the year before.

How much did Veracyte earn in fiscal 2025?

Net income was $66 million for fiscal 2025, and diluted earnings per share $0.82.

What is Veracyte's P/E ratio?

At the close of 9 October 2026, Veracyte traded at 32.1 times its earnings over the twelve months to 30 June 2026.

What is Veracyte's market cap?

The market cap of Veracyte was $3.6 billion at the close of 9 October 2026.

How much debt does Veracyte have?

At 30 June 2026 Veracyte carried $0 million of debt and $300 million of cash.

Peers: Healthcare

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Quest Diagnostics Inc. DGX$25.5 billion24.5414.1%14.1%9.9%0.751.4%
Labcorp Holdings Inc. LH$25.3 billion25.8311.6%10.4%6.4%0.680.9%
Sotera Health Co. SHC$5.2 billion31.6824.6%n/a8.1%3.21n/a
LifeStance Health Group, Inc. LFST$4.7 billion95.623.4%4.9%20.4%0.19n/a
Concentra Group Holdings Parent, Inc. CON$4.7 billion23.9841.7%16.4%14.0%3.270.7%
Option Care Health, Inc. OPCH$4.7 billion23.3716.6%5.9%5.9%0.92n/a
Veracyte, Inc. VCYT$3.6 billion32.088.2%18.8%17.3%0.00n/a
National Healthcare Corp. NHC$3.6 billion25.5212.5%9.3%6.9%0.001.1%
Acadia Healthcare Company, Inc. ACHC$2.7 billionn/a-56.9%-32.6%4.3%1.22n/a
Privia Health Group, Inc. PRVA$2.6 billion99.293.6%1.9%24.1%0.00n/a
Pediatrix Medical Group, Inc. MD$2.2 billion12.7519.8%11.0%0.5%0.45n/a
Fortrea Holdings Inc. FTRE$2.0 billionn/a-16.3%-0.4%-2.1%1.98n/a
All 26 in Healthcare
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
HCA Healthcare, Inc. HCA$98.3 billion15.10n/a12.7%7.3%n/a0.7%
Quest Diagnostics Inc. DGX$25.5 billion24.5414.1%14.1%9.9%0.751.4%
Labcorp Holdings Inc. LH$25.3 billion25.8311.6%10.4%6.4%0.680.9%
Tenet Healthcare Corp. THC$21.2 billion10.1748.1%20.8%5.4%2.81n/a
BrightSpring Health Services, Inc. BTSG$12.6 billionn/an/an/an/a1.07n/a
Encompass Health Corp. EHC$12.2 billion20.0723.9%18.0%9.5%1.000.6%
Davita Inc. DVA$11.5 billion14.67n/a15.2%6.4%n/an/a
Universal Health Services Inc. UHS$10.6 billion7.2320.3%11.4%10.0%0.650.5%
Ensign Group, Inc. ENSG$10.0 billion26.9215.5%8.5%18.9%0.060.1%
Hims & Hers Health, Inc. HIMS$7.2 billionn/a-43.8%-6.0%28.0%4.21n/a
Chemed Corp. CHE$6.5 billion25.0833.1%13.5%3.3%0.170.4%
Sotera Health Co. SHC$5.2 billion31.6824.6%n/a8.1%3.21n/a
LifeStance Health Group, Inc. LFST$4.7 billion95.623.4%4.9%20.4%0.19n/a
Concentra Group Holdings Parent, Inc. CON$4.7 billion23.9841.7%16.4%14.0%3.270.7%
Option Care Health, Inc. OPCH$4.7 billion23.3716.6%5.9%5.9%0.92n/a
Veracyte, Inc. VCYT$3.6 billion32.088.2%18.8%17.3%0.00n/a
National Healthcare Corp. NHC$3.6 billion25.5212.5%9.3%6.9%0.001.1%
Acadia Healthcare Company, Inc. ACHC$2.7 billionn/a-56.9%-32.6%4.3%1.22n/a
Privia Health Group, Inc. PRVA$2.6 billion99.293.6%1.9%24.1%0.00n/a
Pediatrix Medical Group, Inc. MD$2.2 billion12.7519.8%11.0%0.5%0.45n/a
Progyny, Inc. PGNY$2.2 billion30.3717.3%8.6%5.5%0.00n/a
Addus HomeCare Corp. ADUS$2.1 billion20.059.2%10.0%15.9%0.05n/a
Fortrea Holdings Inc. FTRE$2.0 billionn/a-16.3%-0.4%-2.1%1.98n/a
Healthcare Services Group Inc. HCSG$1.4 billion11.9723.7%n/a5.2%0.004.2%
U S Physical Therapy Inc. USPH$1.3 billion95.877.2%9.4%11.3%0.492.1%
AdaptHealth Corp. AHCO$829 millionn/a-16.6%-4.5%-0.4%1.37n/a
3 companies share its SEC industry code (Services-Medical Laboratories); the rest are the names nearest in size in its wider industry, Healthcare, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202631 July 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20247 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR

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