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Interpace Biosciences Inc

interpace.com

What Do They Do?

Provides molecular diagnostic tests and pathology services to physicians, hospitals and clinics to assess thyroid cancer risk and guide care for patients with indeterminate biopsies.

How Do They Make Money?

The company performs proprietary tests and bills Medicare, other insurers, or direct-billing clients after test results are completed, reviewed, and released.

FY2025 revenue

Who Are Their Customers?

Physicians, hospitals and clinics, and commercial laboratories and pathology groups use the tests. Sales run through direct and indirect channels, including collaborations with laboratory services companies.

Do Revenues Turn Into Profits?

Yes. It kept 63 cents of every revenue dollar as net income in FY2025 and turned 14 cents into free cash flow.

Operating income, FY2025
11% of revenue
▼ −50% vs FY2024 ($8.1M, 17%)
Net income, FY2025
63% of revenue
▲ +267% vs FY2024 ($6.7M, 14%)
Free cash flow, FY2025
14% of revenue
▲ +45% vs FY2024 ($3.8M, 8%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −1%
vs $9.2M in Q2 FY2025
Net income
▲ Now profitable
vs −$640K in Q2 FY2025

Growing. Revenue grew 4.7x in 4 years, from $8.2M in FY2021 to $38.7M in FY2025, about 47% a year.

Narrowed focus to thyroid cancer The older report described gastrointestinal and endocrine assays alongside thyroid tests; the latest centers efforts on thyroid cancer tests after PancraGEN was discontinued.

Who Do They Compete With?

Competes with Veracyte, Quest Diagnostics, and Sonic Healthcare USA

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