Financials · VCYT

Veracyte Inc. (VCYT) financials

For the twelve months ended Sep 30, 2026, Veracyte Inc. reported $581.78M of revenue and $126.85M of net income.

Revenue, TTM
$581.78M
Revenue growth, YoY
+17.5%
Net income, TTM
$126.85M
Net income growth, YoY
+318.4%
Net margin
21.8%
Free cash flow, TTM
$161.95M
EPS, diluted, TTM
$1.54
EPS growth, YoY
+294.9%
Cash
$199.83M
P/E
16.49
P/S
3.60
Market cap
$2.09B
Annual revenue$517.14M
FY2016FY2025
Annual net income$66.35M
FY2016FY2025
Annual free cash flow$126.63M
FY2016FY2025

VCYT revenue and earnings growth

VCYT revenueQ3 2026$151.75M

Quarter YoY
+15.1%
QoQ
+1.0%
FY YoY
+16.0%
5Y CAGR
+34.5%
10Y CAGR
+26.4%

VCYT revenue was $151.75M in fiscal Q3 2026 (ended Sep 30, 2026), up 15.1% from a year earlier and up 1.0% from the prior quarter. For the full fiscal 2025 it was $517.14M, up 16.0% from fiscal 2024. Compound annual growth was +34.5% over 5 years and +26.4% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

VCYT net incomeQ3 2026$31.50M

Quarter YoY
+64.6%
QoQ
+23.6%
FY YoY
+174.9%

VCYT net income was $31.50M in fiscal Q3 2026 (ended Sep 30, 2026), up 64.6% from a year earlier and up 23.6% from the prior quarter. For the full fiscal 2025 it was $66.35M, up 174.9% from fiscal 2024. Fiscal 2025 is the highest of the 15 fiscal years on file.

VCYT EPSQ3 2026$0.38

Quarter YoY
+58.3%
QoQ
+22.6%
FY YoY
+164.5%

VCYT diluted EPS was $0.38 in fiscal Q3 2026 (ended Sep 30, 2026), up 58.3% from a year earlier and up 22.6% from the prior quarter. For the full fiscal 2025 it was $0.82, up 164.5% from fiscal 2024.

VCYT free cash flowQ3 2026$37.92M

Quarter YoY
-9.6%
QoQ
-11.7%
FY YoY
+98.5%

VCYT free cash flow was $37.92M in fiscal Q3 2026 (ended Sep 30, 2026), down 9.6% from a year earlier and down 11.7% from the prior quarter. For the full fiscal 2025 it was $126.63M, up 98.5% from fiscal 2024. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$517.14M$445.76M$361.05M$296.54M$219.51M$117.48M$120.37M$92.01M$71.95M$65.08M
Cost of revenue------$36.08M$33.08M$28.20M$25.46M
Gross profit$362.53M$298.14M$229.68M$175.68M--$84.29M$58.93M$43.76M$39.62M
Research and development$70.81M$69.29M$57.30M$40.60M$29.84M$17.20M$14.85M$14.82M$13.88M$15.32M
Selling, general and admin$110.78M$110.61M$86.23M$73.20M$101.35M$36.73M$29.03M$23.96M$23.09M$23.79M
Operating income$57.78M$16.14M-$85.80M-$41.08M-$81.90M-$35.39M-$15.13M-$22.23M-$26.54M-$28.80M
Interest expense-----$229.0K$677.0K$1.96M$4.94M$2.76M
Pre-tax income$68.20M$25.74M-$76.61M-$36.43M-$81.65M-$34.91M-$12.60M-$23.00M-$31.00M-$31.40M
Income tax$1.85M$1.61M-$2.21M$133.0K-$6.09M$0$0$0$0$0
Net income$66.35M$24.14M-$74.40M-$36.56M-$75.56M-$34.91M-$12.60M-$23.00M-$31.00M-$31.36M
EPS, basic$0.84$0.32-$1.02-$0.51-$1.11-$0.66-$0.27-$0.62-$0.91-$1.09
EPS, diluted$0.82$0.31-$1.02-$0.51-$1.11-$0.66-$0.27-$0.62-$0.91-$1.09
Diluted shares80.6M78.2M72.6M71.5M67.9M53.2M46.1M37.0M33.9M28.8M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$362.58M$240.63M$216.45M$155.00M$173.95M$349.97M$159.92M$78.60M$34.49M$59.94M
Short-term investments$50.31M---------
Receivables$44.66M$46.52M$40.38M$44.02M$41.46M$18.46M$19.33M$13.17M$12.72M$8.76M
Inventory$20.55M$21.75M$16.13M$14.29M$11.22M$4.66M$6.81M$3.40M$5.32M$3.48M
Current assets$488.38M$372.27M$285.62M$248.64M$243.10M$375.68M$187.69M$96.95M$53.93M$73.63M
Goodwill$767.15M$745.80M$702.98M$695.89M$707.90M$2.73M$2.73M$1.06M$1.06M$1.06M
Total assets$1.41B$1.30B$1.11B$1.16B$1.19B$457.16M$275.21M$120.64M$78.67M$101.03M
Current liabilities$59.94M$78.63M$61.24M$62.61M$64.15M$16.78M$17.47M$13.06M$12.03M$11.53M
Short-term debt---$0$1.13M$0$0$1.36M$0-
Long-term debt----$0$810.0K$694.0K$23.93M$24.94M$24.92M
Total debt----$1.13M$810.0K$694.0K$25.28M$24.94M$24.92M
Total liabilities$96.44M$124.07M$70.80M$81.22M$91.31M$35.93M$35.76M$40.88M$41.44M$41.45M
Shareholders' equity$1.31B$1.18B$1.04B$1.08B$1.10B$421.23M$239.46M$79.75M$37.23M$59.58M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$136.31M$75.10M$44.22M$7.54M-$31.62M-$9.71M-$3.23M-$13.52M-$23.91M-$27.98M
Capital expenditures$9.68M$11.29M$9.96M$8.55M$5.38M$2.84M$2.76M$1.87M$1.75M$4.21M
Free cash flow$126.63M$63.81M$34.26M-$1.01M-$37.00M-$12.55M-$5.99M-$15.39M-$25.67M-$32.19M
Investing cash flow-$9.21M-$56.27M$15.11M-$29.39M-$739.21M-$3.84M-$42.73M-$1.87M-$1.31M-$4.21M
Financing cash flow-$4.22M$4.90M$2.84M$3.49M$596.32M$203.59M$127.29M$59.50M-$218.0K$52.33M
Stock-based compensation$43.60M$36.25M$33.14M$26.73M$22.52M$12.99M$9.81M$5.96M$6.62M$6.38M
Depreciation and amortization$21.41M$23.46M$27.19M$25.93M$19.59M$7.94M$4.12M$3.92M$3.84M$3.51M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY16.0%23.5%21.8%35.1%86.8%-2.4%30.8%27.9%10.6%31.5%
Net income growth, YoY174.9%---------
EPS growth, YoY164.5%---------
Gross margin70.1%66.9%63.6%59.2%--70.0%64.0%60.8%60.9%
Operating margin11.2%3.6%-23.8%-13.9%-37.3%-30.1%-12.6%-24.2%-36.9%-44.3%
Net margin12.8%5.4%-20.6%-12.3%-34.4%-29.7%-10.5%-25.0%-43.1%-48.2%
Free cash flow margin24.5%14.3%9.5%-0.3%-16.9%-10.7%-5.0%-16.7%-35.7%-49.5%
Return on equity5.1%2.1%-7.1%-3.4%-6.9%-8.3%-5.3%-28.8%-83.3%-52.6%
Return on assets4.7%1.9%-6.7%-3.2%-6.4%-7.6%-4.6%-19.1%-39.4%-31.0%
Current ratio8.154.734.663.973.7922.3910.747.424.486.38
Debt to equity----0.000.000.000.320.670.42

Source: XBRL data Veracyte Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

VCYT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
VCYT$581.78M+17.5%$126.85M21.8%$2.09B
UNH$449.66B+3.3%$15.88B3.5%$356.28B
ELV$201.83B+3.6%$5.13B2.5%$90.37B
CI$286.32B+6.8%$5.99B2.1%$77.89B
HUM$154.19B+22.0%$1.25B0.8%$50.82B
NTRA$2.91B+37.4%-$164.71M-5.7%$46.46B
CNC$203.90B+9.7%$1.46B0.7%$33.93B
ILMN$4.54B+5.8%$895.00M19.7%$33.38B
LH$14.59B+6.0%$1.00B6.9%$30.19B

VCYT FAQ

9 questions
  • What is VCYT revenue?
    Veracyte Inc. (VCYT) reported $581.78M of revenue for the twelve months ended Sep 30, 2026. That is up 17.5% from the year before. Revenue for fiscal 2025 was $517.14M.
  • Is VCYT profitable?
    Yes. Veracyte Inc. earned $126.85M in net income for the twelve months ended Sep 30, 2026, a net margin of 21.8%.
  • How much cash and debt does VCYT have?
    Veracyte Inc. reported $199.83M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is VCYT revenue growing?
    Veracyte Inc.'s revenue changed +16.0% in fiscal 2025, to $517.14M. Its compound annual growth rate was +34.5% over 5 years and +26.4% over 10 years.
  • What is VCYT gross margin?
    Veracyte Inc.'s gross profit was $418.79M on $581.78M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 72.0%.
  • What is VCYT free cash flow?
    Veracyte Inc. generated $161.95M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $173.88M less capital expenditures.
  • What is VCYT earnings per share?
    Diluted earnings per share were $1.54 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did VCYT last report financial results?
    The latest statements here come from Veracyte Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this VCYT financial data come from?
    Quantisnow builds these statements from the structured XBRL data Veracyte Inc. files with the SEC. It is provided for information only and is not investment advice.