GeneDx Holdings Corp.WGSEarnings & Financial Report
GeneDx is a genetic testing company that was founded in 2000 by two scientists from the National Institutes of Health (NIH), Sherri Bale and John Compton. They started the company to provide clinical diagnostic services for patients and families with rare and ultra-rare disorders, for which no such commercial testing was available at the time. The company started in the Technology Development Center, a biotech incubator supported by the state of Maryland and Montgomery County, MD. In 2006, Bi...
Revenue
$62.4M
Gross Profit
$37.4M
Operating Profit
$-13.7M
Net Profit
$-20.2M
Gross Margin
59.9%
Operating Margin
-21.9%
Net Margin
-32.4%
YoY Growth
44.7%
EPS
$-0.78
GeneDx Holdings Corp. Q1 FY2024 Financial Summary
GeneDx Holdings Corp. reported revenue of $62.4M (up 44.7% YoY) for Q1 FY2024, with a net profit of $-20.2M (up 66.8% YoY) (-32.4% margin). Cost of goods sold was $25.0M, operating expenses totaled $51.1M.
Key Financial Metrics
| Total Revenue | $62.4M |
|---|---|
| Net Profit | $-20.2M |
| Gross Margin | 59.9% |
| Operating Margin | -21.9% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
GeneDx Holdings Corp. Q1 FY2024 revenue of $62.4M breaks down across 2 segments, led by Diagnostic Test at $61.1M (97.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Diagnostic Test | $61.1M | 97.9% |
| Other | $1.3M | 2.1% |
GeneDx Holdings Corp. Revenue by Segment — Quarterly Trend
GeneDx Holdings Corp. revenue by segment across the last 4 reported quarters, showing how each business line (such as Diagnostic Test and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Other | $3.4M | $3.2M | $2.9M | $1.4M |
GeneDx Holdings Corp. Annual Revenue by Year
GeneDx Holdings Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $427.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $427.5M |
| 2024 | $305.4M |
GeneDx Holdings Corp. Quarterly Revenue & Net Profit History
GeneDx Holdings Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $121.0M | +26.5% | $-17.7M | -14.6% |
| Q3 FY2025 | $116.7M | +51.9% | $-7.6M | -6.5% |
| Q2 FY2025 | $102.7M | +45.6% | $10.8M | 10.5% |
| Q1 FY2025 | $87.1M | +39.6% | $-6.5M | -7.5% |
| Q4 FY2024 | $95.6M | +66.6% | $5.4M | 5.7% |
| Q3 FY2024 | $76.9M | +44.2% | $-8.3M | -10.8% |
| Q2 FY2024 | $70.5M | +44.8% | $-29.2M | -41.4% |
| Q1 FY2024 | $62.4M | +44.7% | $-20.2M | -32.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $62.4M | $70.5M | $76.9M | $95.6M | $87.1M | $102.7M | $116.7M | $121.0M |
| YoY Growth | 44.7% | 44.8% | 44.2% | 66.6% | 39.6% | 45.6% | 51.9% | 26.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $394.5M | $389.1M | $408.8M | $419.4M | $446.4M | $463.9M | $493.9M | $523.7M |
| Liabilities | $187.3M | $195.1M | $204.3M | $174.1M | $189.0M | $186.7M | $201.6M | $215.5M |
| Equity | $207.2M | $194.0M | $204.5M | $245.2M | $257.4M | $277.1M | $292.3M | $308.2M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-16.4M | $-4.5M | $-4.4M | $-3.2M | $10.2M | $10.4M | $15.8M | $-3.1M |