$VCYT
VERACYTE, INC. Stock $vcyt

$vcyt Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000138410124000118 Filed on August 07, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$115.9M	$114.4M
YoY Change	28.58%	26.69%
Cost Of Revenue	$36.85M	$36.52M
YoY Change	33.47%	23.0%
Gross Profit	$79.01M	$77.91M
YoY Change	26.42%	28.5%
Gross Profit Margin	68.19%	68.09%
Selling, General & Admin	$48.35M	$55.96M
YoY Change	18.87%	10.15%
% of Gross Profit	61.2%	71.82%
Research & Development	$17.57M	$16.47M
YoY Change	31.92%	31.29%
% of Gross Profit	22.24%	21.13%
Depreciation & Amortization	$5.878M	$5.738M
YoY Change	-19.7%	-16.34%
% of Gross Profit	7.44%	7.36%
Operating Expenses	$65.93M	$72.43M
YoY Change	22.09%	14.34%
Operating Profit	$12.02M	$4.606M
YoY Change	-137.86%	-157.21%
Interest Expense	$4.384M	$2.527M
YoY Change	242.5%	115.43%
% of Operating Profit	36.48%	54.86%
Other Income/Expense, Net	$4.831M	$2.755M
YoY Change	145.6%	-1319.03%
Pretax Income	$16.85M	$7.361M
YoY Change	-156.59%	-188.93%
Income Tax	$1.700M	$1.600M
% Of Pretax Income	10.09%	21.74%
Net Earnings	$15.16M	$5.734M
YoY Change	-151.17%	-168.25%
Net Earnings / Revenue	13.08%	5.01%
Basic Earnings Per Share	$0.20	$0.07
Diluted Earnings Per Share	$0.19	$0.07
COMMON SHARES
Basic Shares Outstanding	76.81M shares	76.45M shares
Diluted Shares Outstanding	78.46M shares	77.16M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$274.1M	$235.9M
YoY Change	35.35%	23.42%
Cash & Equivalents	$274.1M	$235.9M
Short-Term Investments
Other Short-Term Assets	$13.60M	$15.63M
YoY Change	0.77%	8.53%
Inventory	$20.36M	$19.26M
Prepaid Expenses
Receivables	$48.81M	$50.30M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$356.9M	$321.1M
YoY Change	31.6%	23.75%
LONG-TERM ASSETS
Property, Plant & Equipment	$38.23M	$40.41M
YoY Change	24.92%	30.49%
Goodwill	$762.1M	$752.1M
YoY Change	9.94%	7.61%
Intangibles	$108.9M	$112.5M
YoY Change	-11.89%	-31.69%
Long-Term Investments
YoY Change
Other Assets	$7.872M	$7.087M
YoY Change	41.02%	15.88%
Total Long-Term Assets	$918.2M	$913.2M
YoY Change	7.54%	1.29%
TOTAL ASSETS
Total Short-Term Assets	$356.9M	$321.1M
Total Long-Term Assets	$918.2M	$913.2M
Total Assets	$1.275B	$1.234B
YoY Change	13.34%	6.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$9.670M	$12.08M
YoY Change	-22.83%	-6.29%
Accrued Expenses	$43.87M	$43.46M
YoY Change	25.97%	26.22%
Deferred Revenue	$2.033M	$2.195M
YoY Change	-8.18%	-7.7%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$70.31M	$72.34M
YoY Change	22.8%	24.4%
LONG-TERM LIABILITIES
Long-Term Debt	$100.0K	$100.0K
YoY Change	0.0%	-50.0%
Other Long-Term Liabilities	$571.0K	$540.0K
YoY Change	-26.42%	-31.82%
Total Long-Term Liabilities	$571.0K	$540.0K
YoY Change	-26.42%	-31.82%
TOTAL LIABILITIES
Total Short-Term Liabilities	$70.31M	$72.34M
Total Long-Term Liabilities	$571.0K	$540.0K
Total Liabilities	$98.98M	$101.8M
YoY Change	39.64%	29.86%
SHAREHOLDERS EQUITY
Retained Earnings	-$449.1M	-$464.3M
YoY Change	2.11%	13.17%
Common Stock	$1.646B	$1.627B
YoY Change	7.74%	7.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.176B	$1.133B
YoY Change
Total Liabilities & Shareholders Equity	$1.275B	$1.234B
YoY Change	13.34%	6.31%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$15.16M	$5.734M
YoY Change	-151.17%	-168.25%
Depreciation, Depletion And Amortization	$5.878M	$5.738M
YoY Change	-19.7%	-16.34%
Cash From Operating Activities	$29.96M	$29.58M
YoY Change	111.45%	77.4%
INVESTING ACTIVITIES
Capital Expenditures	$2.242M	$2.770M
YoY Change	-19.93%	-24.5%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change
Cash From Investing Activities	-$2.242M	-$2.770M
YoY Change	-19.93%	-24.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	10.29M	-11.00K
YoY Change	9253.64%	-102.77%
NET CHANGE
Cash From Operating Activities	29.96M	29.58M
Cash From Investing Activities	-2.242M	-2.770M
Cash From Financing Activities	10.29M	-11.00K
Net Change In Cash	38.01M	26.79M
YoY Change	231.1%	99.97%
FREE CASH FLOW
Cash From Operating Activities	$29.96M	$29.58M
Capital Expenditures	$2.242M	$2.770M
Free Cash Flow	$27.72M	$26.81M
YoY Change	143.81%	106.16%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2024Q2	us-gaap	Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
CY2023Q4	us-gaap	Finance Lease Liability Statement Of Financial Position Extensible List FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent
CY2024Q2	us-gaap	Finance Lease Liability Statement Of Financial Position Extensible List FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2024Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	76743663	shares
CY2024Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	76743663	shares
CY2024Q2	vcyt	Share Based Compensation Arrangement By Share Based Payment Award Value Options And Non Option Equity Instruments Exercises In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardValueOptionsAndNonOptionEquityInstrumentsExercisesInPeriod	1292000	usd
CY2024Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	1303000	usd
CY2024Q2	vcyt	Adjustments To Additional Paid In Capital Share Based Compensation Employee AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployee	9573000	usd
CY2024Q2	vcyt	Adjustments To Additional Paid In Capital Share Based Compensation Espp AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationESPP	281000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	5734000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-1703000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	1132523000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	1044102000	usd
	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	74145000	usd
	vcyt	Share Based Compensation Arrangement By Share Based Payment Award Value Options And Non Option Equity Instruments Exercises In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardValueOptionsAndNonOptionEquityInstrumentsExercisesInPeriod	2563000	usd
	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	1697000	usd
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	5135000	usd
	vcyt	Adjustments To Additional Paid In Capital Share Based Compensation Employee AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployee	17301000	usd
	vcyt	Adjustments To Additional Paid In Capital Share Based Compensation Espp AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationESPP	572000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3870000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-6592000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	1132523000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	1081259000	usd
CY2023Q2	vcyt	Share Based Compensation Arrangement By Share Based Payment Award Value Options And Non Option Equity Instruments Exercises In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardValueOptionsAndNonOptionEquityInstrumentsExercisesInPeriod	1287000	usd
CY2023Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	890000	usd
CY2023Q2	vcyt	Adjustments To Additional Paid In Capital Share Based Compensation Employee AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployee	9882000	usd
CY2023Q2	vcyt	Adjustments To Additional Paid In Capital Share Based Compensation Espp AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationESPP	499000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-8402000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-917000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	1082718000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1075200000	usd
	vcyt	Share Based Compensation Arrangement By Share Based Payment Award Value Options And Non Option Equity Instruments Exercises In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardValueOptionsAndNonOptionEquityInstrumentsExercisesInPeriod	3276000	usd
	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	1974000	usd
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	3168000	usd
	vcyt	Adjustments To Additional Paid In Capital Share Based Compensation Employee AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployee	17494000	usd
	vcyt	Adjustments To Additional Paid In Capital Share Based Compensation Espp AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationESPP	872000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-16493000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	3563000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	1082718000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3870000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-16493000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	11328000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	13529000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-68000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-136000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	17873000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	18366000	usd
	vcyt	Other Noncash Deferred Income Tax Expense Benefit OtherNoncashDeferredIncomeTaxExpenseBenefit	23000	usd
	vcyt	Other Noncash Deferred Income Tax Expense Benefit OtherNoncashDeferredIncomeTaxExpenseBenefit	125000	usd
	vcyt	Noncash Lease Expense NoncashLeaseExpense	2287000	usd
	vcyt	Noncash Lease Expense NoncashLeaseExpense	1977000	usd
	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	863000	usd
	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	-344000	usd
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-896000	usd
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	167000	usd
	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	429000	usd
	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	1410000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	10086000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1789000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	3266000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-2782000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2183000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2530000	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	1213000	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	1048000	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-2446000	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-2091000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1706000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	792000	usd
	vcyt	Increase Decrease In Accrued Liabilities And Deferred Revenue IncreaseDecreaseInAccruedLiabilitiesAndDeferredRevenue	3872000	usd
	vcyt	Increase Decrease In Accrued Liabilities And Deferred Revenue IncreaseDecreaseInAccruedLiabilitiesAndDeferredRevenue	-3734000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	20609000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	14499000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	-5012000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	0	usd
	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	19700000	usd
	us-gaap	Proceeds From Sale Of Held To Maturity Securities ProceedsFromSaleOfHeldToMaturitySecurities	0	usd
	us-gaap	Proceeds From Sale Of Held To Maturity Securities ProceedsFromSaleOfHeldToMaturitySecurities	39773000	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities	0	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities	5000000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4904000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4662000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	108000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	20411000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	5135000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	3168000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	4260000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	5250000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-875000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2082000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	19842000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	36992000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-169000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	43000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	19673000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	37035000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	217330000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	154996000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	237003000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	192031000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	1891000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	110000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	17000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	usd
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	235915000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	216454000	usd
CY2024Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	1088000	usd
CY2023Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	876000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	237003000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	217330000	usd
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
	us-gaap	Use Of Estimates UseOfEstimates	<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-indent:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of unaudited interim financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Significant items subject to such estimates include: revenue recognition; the useful lives of property, plant and equipment; the recoverability of long-lived assets; the incremental borrowing rates for leases; accounting for acquisitions; the estimation of the fair value of intangible assets and contingent consideration; stock based compensation; income tax uncertainties, including a valuation allowance for deferred tax assets; credit related losses on investments; and allowance for credit losses and contingencies. The Company bases these estimates on historical and anticipated results, trends, and various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. These estimates form the basis for making judgments about the carrying values of assets and liabilities and recorded revenue and expenses that are not readily apparent from other sources. Actual results could differ from those estimates and assumptions.</span></div>
CY2024Q2	us-gaap	Security Deposit SecurityDeposit	1100000	usd
CY2023Q4	us-gaap	Security Deposit SecurityDeposit	900000	usd
CY2024Q2	us-gaap	Defined Benefit Plan Benefit Obligation DefinedBenefitPlanBenefitObligation	500000	usd
CY2023Q4	us-gaap	Defined Benefit Plan Benefit Obligation DefinedBenefitPlanBenefitObligation	800000	usd
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	5734000	usd
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	5734000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-8402000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-8402000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	3870000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-16493000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	76538000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	72479000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	75649000	shares
CY2024Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	625000	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	951000	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	77163000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	72479000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	76600000	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.07
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.12
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.07
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.12
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
CY2024Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	5373000	shares
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	6975000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2814000	shares
CY2023Q4	us-gaap	Goodwill Goodwill	702984000	usd
	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	55974000	usd
	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-6851000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	151046000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	52014000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	99032000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Asset Useful Life FiniteLivedIntangibleAssetUsefulLife	P8Y6M
CY2024Q2	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	13500000	usd
CY2024Q2	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	13500000	usd
CY2023Q4	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	7300000	usd
CY2024Q2	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	164546000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	52014000	usd
CY2024Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	112532000	usd
CY2024Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	3800000	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5300000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	7400000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	7534000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	14241000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	12770000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	12168000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	12168000	usd
CY2024Q2	vcyt	Finite Lived Intangible Asset Expected Amortization After Year Four FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour	40151000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	99032000	usd
CY2024Q2	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	0	usd
CY2023Q2	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	0	usd
	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	400000	usd
CY2024Q2	us-gaap	Other Inventory Supplies OtherInventorySupplies	12239000	usd
CY2023Q4	us-gaap	Other Inventory Supplies OtherInventorySupplies	12152000	usd
CY2024Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	7019000	usd
CY2023Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	3976000	usd
CY2024Q2	us-gaap	Inventory Net InventoryNet	19258000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	16128000	usd
CY2024Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	24556000	usd
CY2023Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	26430000	usd
CY2024Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	18899000	usd
CY2023Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	11997000	usd
CY2024Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	43455000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	38427000	usd
CY2024Q2	us-gaap	Security Deposit SecurityDeposit	1100000	usd
CY2023Q4	us-gaap	Security Deposit SecurityDeposit	900000	usd
CY2024Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P6Y3M18D
CY2024Q2	us-gaap	Security Deposit SecurityDeposit	1100000	usd
CY2023Q4	us-gaap	Security Deposit SecurityDeposit	900000	usd
CY2024Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.097
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	3935000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	7775000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	3218000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	1968000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	1933000	usd
CY2024Q2	vcyt	Lessee Operating Lease Liability To Be Paid Due After Year Four LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour	9793000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	28622000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	7884000	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	20738000	usd
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	7185000	usd
CY2024Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	13553000	usd
CY2024Q2	us-gaap	Operating Lease Expense OperatingLeaseExpense	1422000	usd
CY2023Q2	us-gaap	Operating Lease Expense OperatingLeaseExpense	1278000	usd
	us-gaap	Operating Lease Expense OperatingLeaseExpense	2964000	usd
CY2024Q2	us-gaap	Operating Lease Payments OperatingLeasePayments	1534000	usd
CY2023Q2	us-gaap	Operating Lease Payments OperatingLeasePayments	1362000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	3163000	usd
CY2024Q2	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	100000	usd
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	100000	usd
CY2024Q2	us-gaap	Finance Lease Liability FinanceLeaseLiability	100000	usd
CY2024Q2	us-gaap	Common Stock Capital Shares Reserved For Future Issuance CommonStockCapitalSharesReservedForFutureIssuance	11827219	shares
CY2023Q4	us-gaap	Common Stock Capital Shares Reserved For Future Issuance CommonStockCapitalSharesReservedForFutureIssuance	12702301	shares
CY2024Q2	vcyt	Other Nonoperating Income Expense Foreign Tax Credit OtherNonoperatingIncomeExpenseForeignTaxCredit	353000	usd
CY2023Q2	vcyt	Other Nonoperating Income Expense Foreign Tax Credit OtherNonoperatingIncomeExpenseForeignTaxCredit	-1483000	usd
	vcyt	Other Nonoperating Income Expense Foreign Tax Credit OtherNonoperatingIncomeExpenseForeignTaxCredit	923000	usd
CY2024Q2	vcyt	Other Nonoperating Income Expense Interest Income OtherNonoperatingIncomeExpenseInterestIncome	2699000	usd
CY2023Q2	vcyt	Other Nonoperating Income Expense Interest Income OtherNonoperatingIncomeExpenseInterestIncome	1258000	usd
	vcyt	Other Nonoperating Income Expense Interest Income OtherNonoperatingIncomeExpenseInterestIncome	5394000	usd
CY2024Q2	vcyt	Other Nonoperating Income Expense Interest Expense OtherNonoperatingIncomeExpenseInterestExpense	1000	usd
CY2023Q2	vcyt	Other Nonoperating Income Expense Interest Expense OtherNonoperatingIncomeExpenseInterestExpense	3000	usd
	vcyt	Other Nonoperating Income Expense Interest Expense OtherNonoperatingIncomeExpenseInterestExpense	1000	usd
CY2024Q2	vcyt	Other Nonoperating Income Expense Foreign Currency Translation Gain Loss OtherNonoperatingIncomeExpenseForeignCurrencyTranslationGainLoss	-171000	usd
CY2023Q2	vcyt	Other Nonoperating Income Expense Foreign Currency Translation Gain Loss OtherNonoperatingIncomeExpenseForeignCurrencyTranslationGainLoss	-82000	usd
	vcyt	Other Nonoperating Income Expense Foreign Currency Translation Gain Loss OtherNonoperatingIncomeExpenseForeignCurrencyTranslationGainLoss	-731000	usd
CY2024Q2	vcyt	Other Nonoperating Income Expense Other OtherNonoperatingIncomeExpenseOther	-125000	usd
CY2023Q2	vcyt	Other Nonoperating Income Expense Other OtherNonoperatingIncomeExpenseOther	84000	usd
	vcyt	Other Nonoperating Income Expense Other OtherNonoperatingIncomeExpenseOther	-82000	usd
CY2024Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	2755000	usd
CY2023Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-226000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	5503000	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.221
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.015
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.290
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1600000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	100000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1600000	usd

Files In Submission

Name	View Source	Status
0001384101-24-000118-index-headers.html	Edgar Link	pending
0001384101-24-000118-index.html	Edgar Link	pending
0001384101-24-000118.txt	Edgar Link	pending
0001384101-24-000118-xbrl.zip	Edgar Link	pending
exhibit31106-30x2024.htm	Edgar Link	pending
exhibit31206-30x2024.htm	Edgar Link	pending
exhibit32106-30x2024.htm	Edgar Link	pending
exhibit32206-30x2024.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
vcyt-20240630.htm	Edgar Link	pending
vcyt-20240630.xsd	Edgar Link	pending
vcyt-20240630_def.xml	Edgar Link	unprocessable
vcyt-20240630_cal.xml	Edgar Link	unprocessable
vcyt-20240630_lab.xml	Edgar Link	unprocessable
vcyt-20240630_pre.xml	Edgar Link	unprocessable
vcyt-20240630_htm.xml	Edgar Link	completed
FilingSummary.xml	Edgar Link	unprocessable

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$VCYT
VERACYTE, INC. Stock $vcyt

2024 Q3 Form 10-Q Financial Statement

#000138410124000118 Filed on August 07, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VCYT VERACYTE, INC. Stock $vcyt

2024 Q3 Form 10-Q Financial Statement

#000138410124000118 Filed on August 07, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VCYT
VERACYTE, INC. Stock $vcyt