Financial Snapshot

Revenue
$425.3M
TTM
Gross Margin
68.47%
TTM
Net Earnings
-$9.268M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
507.52%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$1.176B
Q3 2024
Cash
Q3 2024
P/E
-368.7
Nov 29, 2024 EST
Free Cash Flow
$56.48M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $361.1M $296.5M $219.5M $117.5M $120.4M $92.01M $71.95M $65.09M $49.50M $38.19M $21.88M $11.63M $2.645M
YoY Change 21.76% 35.09% 86.85% -2.4% 30.82% 27.87% 10.55% 31.48% 29.62% 74.51% 88.2% 339.62%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $361.1M $296.5M $219.5M $117.5M $120.4M $92.01M $71.95M $65.09M $49.50M $38.19M $21.88M $11.63M $2.645M
Cost Of Revenue $112.9M $101.6M $74.40M $41.50M $36.08M $33.08M $28.20M $25.46M $21.50M $16.61M $12.61M $7.584M $2.925M
Gross Profit $248.1M $195.0M $145.1M $76.00M $84.29M $58.93M $43.76M $39.62M $28.01M $21.58M $9.277M $4.044M -$280.0K
Gross Profit Margin 68.73% 65.74% 66.11% 64.69% 70.03% 64.05% 60.81% 60.88% 56.57% 56.52% 42.39% 34.78% -10.59%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Selling, General & Admin $187.7M $174.1M $181.2M $89.12M $82.72M $65.28M $55.35M $52.04M $47.88M $40.79M $24.64M $16.37M $8.306M
YoY Change 7.84% -3.93% 103.32% 7.73% 26.72% 17.94% 6.37% 8.69% 17.38% 65.53% 50.57% 97.03%
% of Gross Profit 75.65% 89.29% 124.86% 117.26% 98.14% 110.77% 126.49% 131.33% 170.95% 188.96% 265.6% 404.67%
Research & Development $57.31M $40.60M $29.84M $17.20M $14.85M $14.82M $13.88M $15.32M $12.80M $9.804M $7.810M $6.608M $6.680M
YoY Change 41.13% 36.06% 73.47% 15.84% 0.21% 6.76% -9.42% 19.76% 30.52% 25.53% 18.19% -1.08%
% of Gross Profit 23.09% 20.83% 20.57% 22.64% 17.62% 25.15% 31.72% 38.67% 45.69% 45.42% 84.19% 163.4%
Depreciation & Amortization $27.19M $25.93M $19.59M $7.944M $4.117M $3.920M $3.841M $3.511M $2.254M $1.200M $999.0K $706.0K $611.0K
YoY Change 4.86% 32.33% 146.64% 92.96% 5.03% 2.06% 9.4% 55.77% 87.83% 20.12% 41.5% 15.55%
% of Gross Profit 10.96% 13.3% 13.5% 10.45% 4.88% 6.65% 8.78% 8.86% 8.05% 5.56% 10.77% 17.46%
Operating Expenses $245.0M $214.7M $211.0M $106.3M $97.57M $114.2M $98.49M $93.89M $82.97M $67.20M $45.06M $30.56M $17.91M
YoY Change 14.13% 1.73% 98.49% 8.97% -14.59% 15.99% 4.9% 13.16% 23.47% 49.14% 47.45% 70.6%
Operating Profit -$85.80M -$41.08M -$81.90M -$35.39M -$15.13M -$22.23M -$26.54M -$28.80M -$33.47M -$29.01M -$23.17M -$18.93M -$15.27M
YoY Change 108.84% -49.84% 131.44% 133.95% -31.96% -16.22% -7.86% -13.93% 15.38% 25.17% 22.42% 23.99%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Interest Expense $8.052M $1.971M -$1.187M $229.0K $677.0K $1.963M $4.941M $2.757M $378.0K $439.0K $233.0K $0.00 $0.00
YoY Change 308.52% -266.05% -618.34% -66.17% -65.51% -60.27% 79.22% 629.37% -13.9% 88.41%
% of Operating Profit
Other Income/Expense, Net $9.183M $4.654M $254.0K $480.0K $2.528M $1.197M $476.0K $202.0K $140.0K $72.00K -$2.179M $278.0K $819.0K
YoY Change 97.31% 1732.28% -47.08% -81.01% 111.19% 151.47% 135.64% 44.29% 94.44% -103.3% -883.81% -66.06%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Pretax Income -$76.61M -$36.43M -$81.65M -$34.91M -$12.60M -$23.00M -$31.00M -$31.40M -$33.70M -$29.40M -$25.60M -$18.60M -$14.40M
YoY Change 110.32% -55.39% 133.89% 177.08% -45.22% -25.81% -1.27% -6.82% 14.63% 14.84% 37.63% 29.17%
Income Tax -$2.208M $133.0K -$6.086M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$74.40M -$36.56M -$75.56M -$34.91M -$12.60M -$23.00M -$31.00M -$31.40M -$33.70M -$29.40M -$25.60M -$18.60M -$14.40M
YoY Change 103.51% -51.62% 116.46% 177.08% -45.22% -25.81% -1.27% -6.82% 14.63% 14.84% 37.63% 29.17%
Net Earnings / Revenue -20.61% -12.33% -34.42% -29.71% -10.47% -25.0% -43.08% -48.24% -68.08% -76.98% -116.98% -159.96% -544.42%
Basic Earnings Per Share -$1.02 -$0.51 -$1.11 -$0.66 -$0.27
Diluted Earnings Per Share -$1.02 -$0.51 -$1.11 -$0.66 -$0.27 -$621.6K -$914.5K -$1.090M -$1.296M -$1.361M -$1.225M -$898.6K -$695.7K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Cash & Short-Term Investments $216.5M $178.9M $173.2M $349.4M $159.3M $78.00M $33.90M $59.20M $39.10M $35.00M $71.20M $14.00M $7.600M
YoY Change 21.02% 3.27% -50.43% 119.33% 104.23% 130.09% -42.74% 51.41% 11.71% -50.84% 408.57% 84.21%
Cash & Equivalents $216.5M $154.2M $173.2M $349.4M $159.3M $78.00M $33.90M $59.20M $39.10M $35.00M $71.20M $14.00M $7.600M
Short-Term Investments $0.00 $24.61M
Other Short-Term Assets $12.66M $11.47M $17.22M $3.200M $2.200M $2.400M $2.000M $2.200M $1.500M $1.600M $1.500M $800.0K $500.0K
YoY Change 10.39% -33.39% 438.09% 45.45% -8.33% 20.0% -9.09% 46.67% -6.25% 6.67% 87.5% 60.0%
Inventory $16.13M $14.29M $11.23M $4.700M $6.800M $3.400M $5.300M $3.500M $3.800M $3.700M $2.600M $1.100M $300.0K
Prepaid Expenses
Receivables $40.38M $44.02M $41.46M $18.50M $19.30M $13.20M $12.70M $8.800M $3.500M $3.100M $1.100M $600.0K $200.0K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $285.6M $248.6M $243.1M $375.7M $187.7M $97.00M $53.90M $73.60M $47.90M $43.30M $76.40M $16.40M $8.600M
YoY Change 14.88% 2.28% -35.29% 100.16% 93.51% 79.96% -26.77% 53.65% 10.62% -43.32% 365.85% 90.7%
Property, Plant & Equipment $30.86M $30.86M $31.14M $16.80M $17.70M $8.900M $9.700M $11.50M $10.30M $4.200M $3.000M $2.400M $1.700M
YoY Change 0.0% -0.9% 85.36% -5.08% 98.88% -8.25% -15.65% 11.65% 145.24% 40.0% 25.0% 41.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.847M $6.167M $2.947M $2.000M $2.000M $1.700M $900.0K $700.0K $800.0K $300.0K $300.0K $200.0K $200.0K
YoY Change 11.03% 109.26% 47.35% 0.0% 17.65% 88.89% 28.57% -12.5% 166.67% 0.0% 50.0% 0.0%
Total Long-Term Assets $829.3M $907.8M $944.7M $81.50M $87.50M $23.60M $24.80M $27.40M $27.30M $21.50M $3.200M $2.700M $1.900M
YoY Change -8.65% -3.91% 1059.17% -6.86% 270.76% -4.84% -9.49% 0.37% 26.98% 571.88% 18.52% 42.11%
Total Assets $1.115B $1.156B $1.188B $457.2M $275.2M $120.6M $78.70M $101.0M $75.20M $64.80M $79.60M $19.10M $10.50M
YoY Change
Accounts Payable $12.94M $11.91M $12.36M $3.100M $2.300M $2.500M $3.900M $2.400M $5.100M $7.400M $5.300M $1.900M $600.0K
YoY Change 8.66% -3.63% 298.71% 34.78% -8.0% -35.9% 62.5% -52.94% -31.08% 39.62% 178.95% 216.67%
Accrued Expenses $43.53M $41.84M $43.11M $13.30M $15.10M $9.200M $8.200M $9.100M $8.700M $7.900M $7.600M $4.000M $1.300M
YoY Change 4.03% -2.93% 224.1% -11.92% 64.13% 12.2% -9.89% 4.6% 10.13% 3.95% 90.0% 207.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $1.127M $0.00 $1.400M
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $61.24M $62.61M $64.15M $16.80M $17.50M $13.10M $12.00M $11.50M $14.70M $17.10M $15.40M $9.000M $1.900M
YoY Change -2.19% -2.4% 281.85% -4.0% 33.59% 9.17% 4.35% -21.77% -14.04% 11.04% 71.11% 373.68%
Long-Term Debt $100.0K $400.0K $600.0K $800.0K $700.0K $23.90M $25.20M $25.50M $5.000M $4.900M $4.900M $0.00 $0.00
YoY Change -75.0% -33.33% -25.0% 14.29% -97.07% -5.16% -1.18% 410.0% 2.04% 0.0%
Other Long-Term Liabilities $8.829M $13.68M $20.97M $18.30M $17.60M $3.900M $4.200M $4.400M $4.300M $1.100M $2.900M $5.200M $0.00
YoY Change -35.45% -34.77% 14.58% 3.98% 351.28% -7.14% -4.55% 2.33% 290.91% -62.07% -44.23%
Total Long-Term Liabilities $8.829M $14.08M $21.57M $19.10M $18.30M $27.80M $29.40M $29.90M $9.300M $6.000M $7.800M $5.200M $0.00
YoY Change -37.28% -34.73% 12.92% 4.37% -34.17% -5.44% -1.67% 221.51% 55.0% -23.08% 50.0%
Total Liabilities $70.80M $81.22M $91.31M $35.90M $35.80M $40.90M $41.40M $41.50M $24.00M $23.50M $23.20M $14.20M $1.900M
YoY Change -12.83% -11.05% 154.35% 0.28% -12.47% -1.21% -0.24% 72.92% 2.13% 1.29% 63.38% 647.37%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Basic Shares Outstanding 72.64M shares 71.55M shares 67.89M shares 53.24M shares 46.14M shares
Diluted Shares Outstanding 72.64M shares 71.55M shares 67.89M shares 53.24M shares 46.14M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $3.417 Billion

About VERACYTE, INC.

Veracyte, Inc. engages in the research, development and commercialization of diagnostic products. The company is headquartered in South San Francisco, California and currently employs 815 full-time employees. The company went IPO on 2013-10-30. The firm enables clinicians with insights they need to guide and assure patients. The firm offers tests for thyroid cancer (Afirma), prostate cancer (Decipher Prostate), breast cancer (Prosigna), interstitial lung diseases (Envisia), and bladder cancer (Decipher Bladder). Its Percepta Nasal Swab test is being run in its Clinical Laboratory Improvement Amendments (CLIA) lab in support of clinical studies and its tests for kidney cancer and lymphoma are in development, the latter as a companion diagnostic. Its products consist of the Prosigna breast cancer assay, the nCounter Analysis System, related diagnostic kits, and services. In the United States, it offers laboratory developed tests (LDTs), through its CLIA labs in South San Francisco and San Diego, California, supported by its cytopathology know-how in Austin, Texas. The firm also offers whole-genome MRD platform that enable it in early cancer diagnosis and risk assessment.

Industry: Services-Medical Laboratories Peers: CHINOOK THERAPEUTICS, INC. Akero Therapeutics, Inc. Celldex Therapeutics, Inc. CATALYST PHARMACEUTICALS, INC. Deciphera Pharmaceuticals, Inc. DYNAVAX TECHNOLOGIES CORP LIGAND PHARMACEUTICALS INC Syndax Pharmaceuticals Inc SpringWorks Therapeutics, Inc.