OraSure Announces Third Quarter 2026 Financial Results; Strategic Execution Drives Double-Digit Year-Over-Year Growth and Margin Expansion

Revenue growth and higher gross margin accompanied continued losses, while nine-month operating cash use declined from a year earlier.

Rhea-AI Summary

OraSure Technologies (OSUR) reported third-quarter 2026 revenue of $30.9 million, up 14% year over year, alongside a narrower operating loss. Diagnostics revenue rose 16% to $16.8 million, while Sample Management Solutions revenue increased 21% to $12.5 million. GAAP gross margin reached 45.2%, versus 43.5% a year earlier. Operating loss narrowed to $13.0 million from $16.1 million; net loss was $13.1 million, with diluted loss per share unchanged at $0.19.

Initial sales followed the launches of OraQuick Ebola 2.0 and Colli-Pee•Dx. Cash and cash equivalents totaled $148.238 million at September 30, down from $199.278 million at year-end 2025. OraSure guides fourth-quarter revenue to $30.0 million–$32.0 million, implying 4.7% full-year revenue growth at the midpoint, and expects faster full-year revenue growth in 2027. Nine-month operating cash use declined to $34.688 million from $40.027 million.

15 points · 0 major

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0 major · 15 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointThird-quarter revenue rose 14% year over year to $30.907 million and 1% sequentially.
• Moderate pointThird-quarter GAAP gross margin improved to 45.2% from 43.5% a year earlier.
• Moderate pointThird-quarter research and development expense fell to $7.629 million from $10.106 million a year earlier.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Fourth-quarter revenue guidance of $30.0 million–$32.0 million implies 4.7% full-year 2026 growth at the midpoint.
• Moderate point. Forward-looking: it has not happened yet and may not happen.OraSure expects full-year 2027 revenue growth to accelerate compared with full-year 2026.
• Moderate pointNine-month operating cash use declined to $34.688 million from $40.027 million a year earlier.
• Moderate pointNine-month acquisition-related contingent consideration remeasurement produced a $22.480 million reduction in operating expenses. 9.5% of market cap

8 minor points

• Minor pointThird-quarter Diagnostics revenue increased 16% year over year to $16.801 million.
• Minor pointThird-quarter Sample Management Solutions revenue increased 21% year over year to $12.498 million.
• Minor pointThird-quarter other products and services revenue rose 74% year over year to $771,000.
• Minor pointInitial sales began for OraQuick Ebola 2.0 and Colli-Pee•Dx following their third-quarter commercial launches.
• Minor pointColli-Pee•Dx development advanced for potential HPV testing in collaboration with molecular diagnostics partners.
• Minor pointNine-month revenue increased 1% to $89.471 million; core revenue increased 4% to $89.430 million.
• Minor pointNine-month GAAP gross margin increased to 43.7% from 42.2% a year earlier.
• Minor pointNine-month common-stock repurchases totaled $7.000 million.

Negative

• Moderate pointThird-quarter GAAP operating loss was $12.955 million, narrower than $16.090 million a year earlier.
• Moderate pointThird-quarter GAAP net loss was $13.094 million versus $13.712 million; diluted loss per share remained $0.19.
• Moderate pointCash and cash equivalents fell to $148.238 million at September 30, 2026 from $199.278 million at year-end 2025.
• Minor pointThird-quarter non-product and services revenue declined 53% year over year to $815,000.
• Minor pointThird-quarter COVID-19 revenue declined 75% year over year to $22,000.

10 minor points

• Minor pointThird-quarter general and administrative expense rose to $11.992 million from $11.081 million a year earlier.
• Minor pointThird-quarter sales and marketing expense rose to $6.557 million from $6.299 million a year earlier.
• Minor pointThird-quarter asset-sale loss totaled $746,000, versus none a year earlier.
• Minor pointThird-quarter other income fell to $1.169 million from $2.799 million a year earlier.
• Minor pointThird-quarter income tax expense increased to $708,000 from $47,000 a year earlier.
• Minor pointThird-quarter equity-investment loss increased to $600,000 from $374,000 a year earlier.
• Minor pointNine-month GAAP operating loss was $30.784 million, narrower than $51.866 million a year earlier.
• Minor pointNine-month GAAP net loss narrowed to $29.222 million; diluted loss per share improved to $0.42 from $0.67.
• Minor pointNine-month non-product and services revenue declined 20% year over year to $3.279 million.
• Minor pointNine-month COVID-19 revenue fell 93% to $41,000; Risk Assessment Testing revenue fell 100% to zero.

News Explained

The release reports cash used for common-stock repurchases during the first nine months of 2026, a completed cash outflow recorded separately from operating activities.

Key Figures

Q3 total net revenues: $30.9 million Year-over-year revenue growth: 14% GAAP gross margin: 45.2% +5 more

Q3 total net revenues

$30.9 million

Third quarter 2026

Year-over-year revenue growth

14%

Third quarter 2026

GAAP gross margin

45.2%

Third quarter 2026; 43.5% in the prior-year quarter

GAAP net loss

$13.1 million

Third quarter 2026

Non-GAAP net loss

$10.1 million

Third quarter 2026; compared with $9.8 million in the prior-year quarter

Cash and cash equivalents

$148 million

As of September 30, 2026

Q4 total revenue guidance

$30.0 million to $32.0 million

Fourth quarter 2026

Full-year revenue growth

4.7%

2026 year-over-year growth at the guidance midpoint

Previous Earnings Reports

3 past events · Latest: Aug 05

Same Type 3 events

1. Aug 05

   Q2 earnings

   24h Move

   -3.6%

   Revenue fell 2% year over year while GAAP gross margin rose to 43.5%.

2. May 06

   Q1 earnings

   24h Move

   +4.3%

   Revenue declined 7% year over year and GAAP gross margin was 42.3%.

3. Nov 05

   Q3 earnings

   24h Move

   -6.6%

   Revenue fell 32% year over year and gross margin was 43.5%.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

gaap, non-gaap, mnpi, regulation fd

4 terms

gaap financial

"accounting principles generally accepted in the United States (GAAP)"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

non-gaap financial

"including non-GAAP gross margin, non-GAAP gross profit"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

mnpi regulatory

"material non-public information (MNPI)"

Material Nonpublic Information (MNPI) is important, confidential news about a company that has not been shared with the public and that a reasonable investor would consider likely to affect the company’s stock price. Think of it like having the answers to a test before others do: acting on that advantage by buying or selling shares can distort markets and may be illegal, so investors and companies must guard and disclose MNPI carefully to keep trading fair.

regulation fd regulatory

"complying with its disclosure obligations under Regulation FD"

Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• 14% year-over-year revenue growth in the quarter highlights effectiveness of return-to-growth strategy
• GAAP gross margin improved by over 170 bps vs. prior year to 45.2%
• Received initial orders of Colli-Pee®•Dx and OraQuick® Ebola 2.0 in the quarter
• OTI expects an acceleration of full-year revenue growth in 2027
  
  

BETHLEHEM, Pa., Nov. 09, 2026 (GLOBE NEWSWIRE) -- OraSure Technologies, Inc. (Nasdaq: OSUR), a leader in point-of-need and home diagnostic tests and sample management solutions, today announced its financial results for the three months ended September 30, 2026.

“Our third quarter results demonstrate the continued execution of our strategy. In addition to delivering double-digit year-over-year revenue growth, we meaningfully expanded gross margins and benefited from operational efficiency initiatives that reduced our cost base,” said Carrie Eglinton Manner, President and CEO of OTI. “We were excited to see the Q3 commercial launches of both our Colli-Pee•Dx Urine Collection Kit and OraQuick Ebola 2.0 Rapid Antigen Test quickly translate into initial orders during the third quarter. These launches marked significant milestones for OTI as we work to further decentralize diagnostics and connect people to care that is more accessible, convenient, affordable, and private.”

“Looking ahead to the fourth quarter and into 2027, we believe we are well positioned for continued revenue growth,” she continued. “Supported by a robust balance sheet, we will continue to invest behind initiatives to accelerate topline growth, improve our operating model, and drive towards profitability.”

Financial Highlights ($ in 000’s, except per share amounts)

	For the Three Months Ended September 30,									For the Nine Months Ended September 30,
		2026			2025		% Change				2026			2025		% Change
Core Business(1)	$	30,885		$	26,996		14	%		$	89,430		$	85,818		4	%
COVID-19		22			89		(75	)%			41			574		(93	)%
Risk Assessment Testing		—			—		NM				—			1,866		(100	)%
Total Net Revenues	$	30,907		$	27,085		14	%		$	89,471		$	88,258		1	%

⁽¹⁾ Includes Diagnostics, Sample Management Solutions, other products and services revenues, and non-product and services revenues.

	For the Three Months Ended September 30,											For the Nine Months Ended September 30,
		2026				2025			% Change				2026				2025			% Change
Net revenues	$	30,907			$	27,085			14	%		$	89,471			$	88,258			1	%
Gross profit		13,969				11,772			19				39,090				37,230			5
Gross margin		45.2	%			43.5	%						43.7	%			42.2	%
Non-GAAP gross profit		14,186				11,980			18				39,849				37,960			5
Non-GAAP gross margin		45.9	%			44.2	%						44.5	%			43.0	%
Operating loss		(12,955	)			(16,090	)		NM				(30,784	)			(51,866	)		NM
Operating margin	(41.9		)%		(59.4		)%					(34.4		)%		(58.8		)%
Non-GAAP operating loss		(10,212	)			(12,709	)		NM				(43,986	)			(41,162	)		NM
Non-GAAP operating margin	(33.0		)%		(46.9		)%					(49.2		)%		(46.6		)%
Net loss	$	(13,094	)		$	(13,712	)		NM			$	(29,222	)		$	(49,445	)		NM
Non-GAAP net loss	$	(10,053	)		$	(9,831	)		NM			$	(40,892	)		$	(37,164	)		NM
Diluted EPS	$	(0.19	)		$	(0.19	)		NM			$	(0.42	)		$	(0.67	)		NM
Non-GAAP Diluted EPS	$	(0.15	)		$	(0.13	)		NM			$	(0.59	)		$	(0.50	)		NM

NM – not meaningful

For additional information on non-GAAP financial measures and a reconciliation of the GAAP financial results to non-GAAP financial results, see the schedules below. A description of the adjustments made to the GAAP financial measures is included at the end of the schedules.

• Total net revenues for the third quarter of 2026 of $30.9 million grew 1% sequentially and increased 14% year-over-year.
• Core revenues (all revenues excluding COVID-19 and Risk Assessment Testing revenues) of $30.9 million in the third quarter of 2026 increased 14% over the prior year. Diagnostics revenues in the third quarter of 2026 increased 16% year-over-year to $16.8 million, with the increase attributable to higher HIV and HCV revenues and the addition of BioMedomics’ Sickle SCAN® sales. Sample Management Solutions revenues of $12.5 million in the third quarter of 2026 increased 21% year-over-year, with the increase attributable to key commercial customer growth and timing of specific orders.
• GAAP gross margin was 45.2% in the third quarter of 2026 compared to 43.5% in the third quarter of 2025. The year-over-year increase was primarily a result of operational efficiencies driving better absorption of fixed overhead costs, partially offset by product mix. Non-GAAP gross margin in the third quarter of 2026 was 45.9% and increased compared to 44.2% in the third quarter of 2025.
• GAAP operating loss in the third quarter of 2026 was $13.0 million compared to GAAP operating loss of $16.1 million in the third quarter of 2025. Non-GAAP operating loss was $10.2 million in the third quarter of 2026 compared to non-GAAP operating loss of $12.7 million in the third quarter of 2025.
• GAAP net loss in the third quarter of 2026 was $13.1 million compared to a GAAP net loss of $13.7 million in the third quarter of 2025. Non-GAAP net loss was $10.1 million in the third quarter of 2026 compared to non-GAAP net loss of $9.8 million in the third quarter of 2025.
• Cash and cash equivalents were $148 million as of September 30, 2026.

Recent Quarterly Developments

• Generated initial sales of our OraQuick Ebola 2.0 Rapid Antigen Test which is authorized for use with whole blood in live patients, as well as cadaveric oral fluid for individuals suspected to have had Ebola disease at the time of death. The test can detect all four Ebola viruses currently known to cause disease in humans: Bundibugyo, Zaire, Sudan, and Taï Forest.
• Generated initial sales of our Colli-Pee•Dx Urine Collection Kit which is cleared for use with Roche’s STI tests for Chlamydia trachomatis (CT), Neisseria gonorrhoeae (NG), Trichomonas vaginalis (TV), and Mycoplasma genitalium (MG). Colli-Pee•Dx enables convenient at-home self-collection of first-void urine by both male and female patients. Specimens can be collected at any time of day in the privacy of the home or any other private setting and are intended for testing on the Roche cobas® molecular diagnostics platform.
• Advanced the early development of HPV testing as a potential future application for Colli-Pee•Dx in collaboration with leading global molecular diagnostics partners, expanding the platform’s potential utility in women’s health and its ability to address unmet needs among under-screened populations.
  
  

Financial Guidance

The Company is guiding to Q4 2026 total revenues of $30.0 million to $32.0 million. For the full year 2026, this represents a year-over-year growth rate of 4.7% at the midpoint of the range.

The Company expects to see an acceleration of year-over-year growth in total revenues for the full year 2027 as compared to the full year 2026.

Conference Call

The Company will host a conference call and audio webcast to discuss the Company’s third quarter 2026 results and certain business developments, beginning today at 5:00 p.m. Eastern Time. The call will include prepared remarks by management and a question and answer session.

A webcast of the conference call will be available on the investor relations page of OTI’s website at https://orasure.gcs-web.com/events-and-presentations. Please click on the webcast link and follow the prompts for registration and access at least 10 minutes prior to the call. The webcast will be archived on OTI’s website shortly after the call has ended.

Disclosure

OTI intends to use the Investor Relations Section of its website as a means of disclosing material non-public information (MNPI) and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor OTI’s website in addition to following its press releases, SEC filings, public conference calls, presentations, and webcasts.

Financial Data (Unaudited, $ in 000’s, except per share amounts)

	For the Three Months Ended September 30,								For the Nine Months Ended September 30,
		2026				2025				2026				2025
Results of Operations
Net revenues	$	30,907			$	27,085			$	89,471			$	88,258
Cost of products and services sold		16,938				15,313				50,381				51,028
Gross profit		13,969				11,772				39,090				37,230
Operating expenses:
Research and development		7,629				10,106				30,720				31,110
Sales and marketing		6,557				6,299				19,931				19,533
General and administrative		11,992				11,081				40,977				37,859
Change in the estimated fair value of acquisition-related contingent consideration		—				376				(22,480	)			1,587
Loss (gain) on sale of assets		746				—				726				(993	)
Total operating expenses		26,924				27,862				69,874				89,096
Operating loss		(12,955	)			(16,090	)			(30,784	)			(51,866	)
Other income		1,169				2,799				4,094				5,712
Loss before income taxes and equity investment		(11,786	)			(13,291	)			(26,690	)			(46,154	)
Income tax expense		708				47				331				1,591
Loss before equity investment		(12,494	)			(13,338	)			(27,021	)			(47,745	)
Loss on equity investment		(600	)			(374	)			(2,201	)			(1,700	)
Net loss	$	(13,094	)		$	(13,712	)		$	(29,222	)		$	(49,445	)
Loss per share
Basic	$	(0.19	)		$	(0.19	)		$	(0.42	)		$	(0.67	)
Diluted	$	(0.19	)		$	(0.19	)		$	(0.42	)		$	(0.67	)
Weighted average shares outstanding:
Basic		69,001				73,004				69,224				74,131
Diluted		69,001				73,004				69,224				74,131

	For the Three Months Ended September 30,									For the Nine Months Ended September 30,
		2026			2025		% Change				2026			2025		% Change
Consolidated Net Revenues
Diagnostics	$	16,801		$	14,499		16	%		$	53,018		$	51,410		3	%
Sample Management Solutions		12,498			10,306		21	%			31,431			29,271		7	%
Other products and services		771			442		74	%			1,702			1,059		61	%
COVID-19 Diagnostics		22			89		(75	)%			41			574		(93	)%
Risk Assessment Testing		—			—		NM				—			1,866		(100	)%
Net product and services revenues		30,092			25,336		19	%			86,192			84,180		2	%
Non-product and services revenues		815			1,749		(53	)%			3,279			4,078		(20	)%
Net revenues	$	30,907		$	27,085		14	%		$	89,471		$	88,258		1	%

Condensed Consolidated Balance Sheets (Unaudited, $ in 000’s)

	September 30, 2026			December 31, 2025
Assets
Cash and cash equivalents	$	148,238		$	199,278
Accounts receivable, net		30,422			22,203
Inventories		30,420			31,060
Other current assets		6,215			9,367
Property, plant and equipment, net		36,511			39,179
Intangible assets, net		18,758			19,046
Goodwill		42,741			43,363
Investment in equity method investee		23,755			25,956
Other noncurrent assets		12,406			13,716
Total assets	$	349,466		$	403,168
Liabilities and Stockholders’ Equity
Accounts payable	$	7,773		$	6,521
Deferred revenue		743			1,518
Acquisition-related contingent consideration obligation		—			18,380
Other current liabilities		16,588			13,376
Other noncurrent liabilities		17,229			22,546
Stockholders’ equity		307,133			340,827
Total liabilities and stockholders’ equity	$	349,466		$	403,168

Additional Financial Data (Unaudited, $ in 000’s)

	For the Nine Months Ended September 30,
		2026				2025
Capital expenditures	$	5,015			$	3,275
Depreciation and amortization		6,911				7,789
Stock-based compensation		7,333				8,687
Cash used in operating activities	$	(34,688	)		$	(40,027	)

Consolidated Statement of Cash Flows (Unaudited, $ in 000’s)

	For the Nine Months Ended September 30,
		2026				2025
OPERATING ACTIVITIES:
Net loss	$	(29,222	)		$	(49,445	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation		7,333				8,687
Depreciation and amortization		6,911				7,789
Other non-cash amortization		(259	)			(221	)
Provision for credit losses		367				(176	)
Unrealized foreign currency loss		206				294
Interest expense on finance leases		9				6
Loss on equity investment		2,201				1,700
Deferred income taxes		186				(86	)
Loss (gain) on sale of fixed assets		726				(993	)
Change in the estimated fair value of acquisition-related contingent consideration		(22,480	)			1,587
Changes in assets and liabilities:
Accounts receivable		(8,653	)			(16	)
Inventories		546				894
Prepaid expenses and other assets		2,973				(1,915	)
Accounts payable		1,586				(1,733	)
Deferred revenue		(772	)			(1,085	)
Accrued expenses and other liabilities		3,654				(5,314	)
Net cash used in operating activities		(34,688	)			(40,027	)
INVESTING ACTIVITIES:
Proceeds from sale of assets		20				888
Purchases of property and equipment		(5,015	)			(3,275	)
Net cash used in investing activities		(4,995	)			(2,387	)
FINANCING ACTIVITIES:
Cash payments for finance lease liabilities		(68	)			(43	)
Proceeds from exercise of stock options		47				—
Repurchase of common stock		(7,000	)			(10,001	)
Payment of taxes related to net share settlement of equity awards		(1,543	)			(1,786	)
Net cash used in financing activities		(8,564	)			(11,830	)
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH		(2,793	)			2,959
NET DECREASE IN CASH AND CASH EQUIVALENTS		(51,040	)			(51,285	)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		199,278				267,763
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	148,238			$	216,478

About OraSure Technologies

OraSure Technologies, Inc. (“OraSure” or “OTI”) transforms health through actionable insight and decentralizes diagnostics to connect people to healthcare wherever they are. OraSure improves access, quality, and value of healthcare with innovation in effortless tests and sample management solutions. Together with its wholly-owned subsidiaries, DNA Genotek Inc., Sherlock Biosciences, Inc., and BioMedomics, Inc., OTI is a leader in the development, manufacture, and distribution of rapid diagnostic tests and sample collection and stabilization devices designed to discover and detect critical medical conditions. OraSure’s portfolio of products is sold globally to clinical laboratories, hospitals, physicians’ offices, clinics, public health and community-based organizations, research institutions, government agencies, pharmaceutical companies, and direct to consumers. For more information on OraSure Technologies, please visit www.orasure.com

Forward Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the federal securities laws. These may include statements about the Company's expected revenues, earnings/losses per share, net income (loss), expenses, cash flow or other financial performance, or developments, clinical trial or development activities, expected regulatory filings and approvals, planned business transactions, views of future industry, competitive or market conditions, and other factors that could affect the Company's future operations, results of operations or financial position. These statements often include words; such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “may,” “will,” “should,” “could,” or similar expressions. Forward-looking statements are not guarantees of future performance or results. Known and unknown factors that could cause actual performance or results to be materially different from those expressed or implied in these statements include, but are not limited to: market acceptance of, and our ability to develop, commercialize, market and sell our products and services, whether through our internal, direct sales force, distributors or third parties; our ability to obtain and comply with necessary regulatory approvals for new products or new indications or applications for existing products, including timing and associated costs; failure of distributors or other customers to meet purchase forecasts, historic purchase levels or minimum purchase requirements for our products; significant customer concentrations that exist or may develop in the future; our ability to manufacture products in accordance with applicable specifications, performance standards and quality requirements; changes in relationships with strategic partners or other parties, including disputes or disagreements, and reliance on such parties for the performance of critical activities under collaborative arrangements; our ability to meet increased demand for our products; the impact of replacing distributors; our ability to achieve our financial and strategic objectives, including increasing our revenues and gross margins, and our ability to expand international sales; impact of competitors, competing products and technology changes; reduction or deferral of public funding available to customers; changes in market acceptance of our products based on product performance or other factors, including changes in testing guidelines, algorithms or other recommendations by the Centers for Disease Control and Prevention or other agencies; our ability to fund research and development and other products and operations; availability of raw materials and our reliance on sole supply sources for critical products and components; impact of contracting with the U.S. government; estimates regarding revenues, expenses, capital requirements and needs for additional financing; ability to utilize net operating loss carryforwards or other deferred tax assets; volatility of our stock price; uncertainty relating to patent protection, potential patent infringement claims, the availability of licenses to patents or other technology and costs of litigation relating to intellectual property, product liability and other types of litigation; the impact of changes in international funding sources and testing algorithms on international sales; adverse movements in foreign currency exchange rates and interest rates; our ability to attract and retain qualified personnel; changes in international, federal or state laws and regulations; and the impact of geopolitical and economic conditions on the Company’s business. These and other factors that could affect our results are discussed more fully in our SEC filings, including our registration statements, Annual Report on Form 10-K for the year ended December 31, 2025, Quarterly Reports on Form 10-Q, and other filings with the SEC. Although forward-looking statements help to provide information about future prospects, readers should keep in mind that forward-looking statements may not be reliable. Readers are cautioned not to place undue reliance on the forward-looking statements. The forward-looking statements are made as of the date of this press release and OraSure Technologies undertakes no duty to update these statements.

Statement Regarding Use of Non-GAAP Financial Measures

In this press release, the Company’s financial results and financial guidance are provided in accordance with accounting principles generally accepted in the United States (GAAP) and using certain non-GAAP financial measures, including non-GAAP gross margin, non-GAAP gross profit, non-GAAP cost of goods sold, non-GAAP net income (loss), non-GAAP operating income (loss), and non-GAAP earnings (loss) per share. Management believes that presentation of operating results using these non-GAAP financial measures provides useful supplemental information to investors and facilitates the analysis of the Company’s core operating results and comparison of operating results across reporting periods, while excluding certain expenses that may not be indicative of the Company’s recurring core business operating results. In addition, management believes these non-GAAP financial measures are useful to investors both because they (1) allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) may be used by OraSure’s investors and the analyst community to help them analyze the operating performance of OraSure’s business. Management also uses non-GAAP financial measures to establish budgets and to manage the Company’s business. A reconciliation of the GAAP financial results to non-GAAP financial results is included in the schedules below and a description of the adjustments made to the GAAP financial measures is included at the end of the schedules.

The Company encourages investors to carefully consider its results under GAAP, as well as its supplemental non-GAAP information and the reconciliation between these presentations, to more fully understand its business. Non-GAAP financial results are reported in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. Further, non-GAAP financial measures, even if similarly titled, may not be calculated in the same manner by all companies, and therefore should not be compared.

OraSure Technologies GAAP to Non-GAAP Reconciliation ($ in 000's, except per share amounts)

	For the Three Months Ended September 30,								For the Nine Months Ended September 30,
		2026				2025				2026				2025
Net Revenues	$	30,907			$	27,085			$	89,471			$	88,258
GAAP Cost of Products and Services Sold		16,938				15,313				50,381				51,028
GAAP Gross Margin		45.2	%			43.5	%			43.7	%			42.2	%
Stock compensation		169				208				550				584
Inventory reserve for product line discontinuance		—				—				—				146
Amortization of acquisition-related intangible assets		48				—				144				—
Reduction in workforce severance		—				—				65				—
Non-GAAP Cost of Goods Sold		16,721				15,105				49,622				50,299
Non-GAAP Gross Margin		45.9	%			44.2	%			44.5	%			43.0	%
GAAP Operating Income (Loss)		(12,955	)			(16,090	)			(30,784	)			(51,866	)
Stock compensation		2,278				2,835				7,333				8,687
Amortization of acquisition-related intangible assets		78				58				289				171
Inventory reserve for product line discontinuance		—				—				—				146
Reduction in workforce severance		—				—				1,269				—
Executive severance expense		—				—				—				751
Gain on sale of assets under product line discontinuance		—				—				—				(750	)
Transaction costs		387				112				387				112
Change in fair value of acquisition-related contingent consideration		—				376				(22,480	)			1,587
Non-GAAP Operating Loss		(10,212	)			(12,709	)			(43,986	)			(41,162	)
GAAP Net Income (Loss)		(13,094	)			(13,712	)			(29,222	)			(49,445	)
Stock compensation		2,278				2,835				7,333				8,687
Amortization of acquisition-related intangible assets		78				58				289				171
Inventory reserve for product line discontinuance		—				—				—				146
Reduction in workforce severance		—				—				1,269				—
Executive severance expense		—				—				—				751
Gain on sale of assets under product line discontinuance		—				—				—				(750	)
Transaction costs		—				112				—				112
Change in fair value of acquisition-related contingent consideration		—				376				(22,480	)			1,587
Loss on equity investment		600				374				2,201				1,700
Tax effect of non-GAAP adjustments		85				126				(282	)			(123	)
Non-GAAP Net Loss	$	(10,053	)		$	(9,831	)		$	(40,892	)		$	(37,164	)
GAAP Earnings (Loss) Per Share:	$	(0.19	)		$	(0.19	)		$	(0.42	)		$	(0.67	)
Non-GAAP Loss Per Share:	$	(0.15	)		$	(0.13	)		$	(0.59	)		$	(0.50	)
Diluted Shares Outstanding, if applicable		69,001				73,004				69,224				74,131
Basic Shares Outstanding Used For Computing Non-GAAP Loss Per Share		69,001				73,004				69,224				74,131

The following is a description of the adjustments made to GAAP financial measures:

• Stock compensation: non-cash equity-based compensation provided to OraSure employees and directors
• Amortization of acquisition-related intangible assets: represents recurring amortization charges resulting from the acquisition of intangible assets associated with our business combinations
• Inventory reserve for product line discontinuance: represents inventory associated with discontinued line of business
• Reduction in workforce severance: termination benefits associated with the Company’s workforce reduction
• Executive severance expense: expenses associated with the departure of an executive
• Gain on sale of assets under product line discontinuance: represents the gain on the sale of fixed assets associated with the risk assessment line of business that was discontinued and sold to a third party
• Transaction costs: expenses associated with the acquisition of businesses
• Change in fair value of acquisition-related contingent consideration: changes in the fair value of contingent consideration liability associated with changes in the probability of milestone payments and the impact of the passage of time and updated forecasts.
• Loss on equity investment: we have excluded our proportionate share of our equity method investee’s net loss as we do not have direct control over the investee’s operations or resulting revenue and expenses
• Tax impact associated with non-GAAP adjustments: tax expense/(benefit) due to non-GAAP adjustments
  
  

A reconciliation of our non-GAAP measures to their most directly comparable GAAP measures can also be found at: https://orasure.gcs-web.com/gaap-non-gaap-reconciliation. 

Investor Contact:	Media Contact:
Mike Vallie	Amy Koch
investorinfo@orasure.com	media@orasure.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were OraSure's third-quarter 2026 revenue and earnings results?

OraSure reported revenue of $30.907 million, up 14% year over year, and a GAAP net loss of $13.094 million. The prior-year net loss was $13.712 million. Diluted loss per share remained $0.19.

What is OraSure's fourth-quarter 2026 revenue guidance?

OraSure guides fourth-quarter 2026 revenue to $30.0 million–$32.0 million. The midpoint implies full-year 2026 revenue growth of 4.7%. The company also expects full-year 2027 revenue growth to accelerate compared with full-year 2026.

What drove OraSure's third-quarter 2026 revenue growth and gross margin improvement?

Higher HIV and HCV revenue and the addition of BioMedomics' Sickle SCAN sales drove Diagnostics growth, while commercial customer growth and order timing supported Sample Management Solutions. Operational efficiencies improved absorption of fixed overhead costs, partly offset by product mix, lifting GAAP gross margin.