VERACYTE, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $65.1m $72.0m $92.0m $120.4m $117.5m $219.5m $296.5m $361.1m $445.8m $517.1m
Cost of Goods and Services Sold $25.5m $28.2m $33.1m $36.1m $42.4m $200.1m $261.1m $130.2m $319.0m $348.6m
Gross Profit (derived) $39.6m $43.8m $58.9m $84.3m $75.1m $19.4m $175.7m $229.7m $298.1m $362.5m
Operating Expenses $93.9m $98.5m $114.2m
Operating Income (Loss) ($28.8m) ($26.5m) ($22.2m) ($15.1m) ($35.4m) ($81.9m) ($41.1m) ($85.8m) $16.1m $57.8m
Additional Financial Items
Amortization of Intangible Assets $1.1m $3.0m $1.1m $1.4m $5.1m $16.0m $21.4m $20.6m $14.8m $13.2m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount $1.0m $0 $3.3m
Foreign Currency Transaction Gain (Loss), before Tax $34k ($1.2m) ($522k) $1.1m ($2.1m) $3.8m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Domestic $28.8m $26.5m $22.2m $15.1m $35.4m ($68.7m) ($16.8m) ($15.9m) $44.2m $95.5m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest ($31.4m) ($31.0m) ($23.0m) ($12.5m) ($34.8m) ($81.6m) ($36.4m) ($76.6m) $25.7m $68.2m
Net Income (Loss) Attributable to Parent ($31.4m) ($31.0m) ($23.0m) ($12.6m) ($34.9m) ($75.6m) ($36.6m) ($74.4m) $24.1m $66.4m
Net Income (Loss) Available to Common Stockholders, Basic ($31.4m) ($31.0m) ($23.0m) ($12.6m) ($34.9m) ($75.6m) ($36.6m) ($74.4m) $24.1m $66.4m
Earnings Per Share, Basic ($0.27) ($0.66) ($1.11) ($0.51) ($1.02) $0.32 $0.84
Earnings Per Share, Diluted ($1.09) ($0.91) ($0.62) ($0.27) ($0.66) ($1.11) ($0.51) ($1.02) $0.31 $0.82
Weighted Average Number of Shares Outstanding, Basic 67.9m 71.5m 72.6m 76.5m 78.6m
Weighted Average Number of Shares Outstanding, Diluted 67.9m 71.5m 72.6m 78.2m 80.6m
Research and Development Expense $15.3m $13.9m $14.8m $14.9m $17.2m $29.8m $40.6m $57.3m $69.3m $70.8m
General and Administrative Expense $23.8m $23.1m $24.0m $29.0m $36.7m $101.4m $76.5m $86.2m $110.6m $110.8m
Other Nonoperating Income (Expense) $202k $476k $1.2m $3.2m $709k $254k $4.7m $9.2m $9.6m $10.4m
Costs and Expenses $135.5m $152.9m $301.4m $337.6m $446.8m $282.0m $304.8m
Current Income Tax Expense (Benefit) $0 $0 $117k $560k $1.7m $1.8m $2.4m
Interest Expense $2.8m $4.9m $2.0m $677k $229k
Interest Expense, Debt $2.8m $4.9m $2.0m $677k $229k
Operating Lease, Expense $1.9m $1.9m $3.5m $4.4m $5.3m $6.7m $8.0m
Selling and Marketing Expense $28.2m $32.3m $41.3m $53.7m $52.4m $79.8m $97.6m $101.5m $95.4m $100.2m
Income Tax Expense (Benefit) $0 $0 $0 $0 $0 ($6.1m) $133k ($2.2m) $1.6m $1.8m