Myriad Genetics SEC Filings

Myriad Genetics reported Q3 2025 results showing steady operations but ongoing losses. Revenue was $205.7 million versus $213.3 million a year ago, with gross profit of $143.8 million and an operating loss of $23.3 million. Net loss for the quarter was $27.4 million, or $0.29 per share.

Segment trends were mixed: Hereditary Cancer revenue rose to $93.0 million, Prenatal to $44.5 million, while Pharmacogenomics fell to $38.7 million, reflecting lower average revenue per test and payer coverage changes. Year‑to‑date, the company recorded $316.7 million of goodwill and intangible impairments, driving a YTD net loss of $358.0 million and reducing intangible balances.

Liquidity strengthened with cash and equivalents of $145.4 million. Long‑term debt increased to $119.5 million after a new $125.0 million secured term loan maturing in 2030 at an interest rate of about 10.8%. The facility includes monthly trailing 12‑month revenue covenants beginning at $615.0 million as of December 31, 2025. Net cash used in operations was $8.8 million year‑to‑date.

Myriad Genetics (MYGN) filed an 8-K/A to correct a single figure in its recent earnings materials. The company revised the amount labeled “Cash, cash equivalents, and restricted cash at beginning of the period” for the three months ended September 30, 2025 to $83.7 million, replacing $101.0 million previously shown in the Condensed Consolidated Statements of Cash Flows included with its press release.

The company states this was a clerical error and that no other changes were made to the original 8-K or the press release. A corrected press release is furnished as Exhibit 99.1 and incorporated by reference.

Myriad Genetics furnished an 8-K to announce financial results for the three months ended September 30, 2025. The detailed earnings release is provided as Exhibit 99.1, dated November 3, 2025, and is incorporated by reference.

The company included a forward-looking statements notice and specified, under General Instruction B-2, that the information in Item 2.02 and Exhibit 99.1 is furnished and not deemed filed for purposes of Section 18 of the Exchange Act.

Myriad Genetics (MYGN)October 24, 2025, its Chief Accounting Officer, Natalie Munk, no longer serves in that role and is no longer subject to Section 16 reporting. Following the reported change, the filing lists 45,167 shares of common stock beneficially owned, held directly.

Myriad Genetics, Inc. finalized a Separation Agreement with former CFO Scott J. Leffler after his employment ended at the close of business on September 2, 2025. The agreement becomes effective on October 9, 2025 if not revoked and provides a lump-sum severance payment of $1,239,384 under the executive's existing Severance and Change of Control Agreement. The Company also agreed to accelerate vesting of time-based equity awards scheduled to vest within two years of the Separation Date, with annual installments treated as monthly vesting over that period. Outstanding performance-based awards remain subject to their original performance conditions and may vest if those conditions are met within two years. The separation includes customary non-compete, non-solicitation, and non-disparagement covenants and a release of claims.

Myriad Genetics reported that Natalie Munk, its Senior Vice President and Chief Accounting Officer, notified the company on September 29, 2025 that she will resign effective October 24, 2025. The filing states her departure is not the result of any disagreement with the company on operations, policies or practices. To maintain accounting leadership, the Board designated Benjamin R. Wheeler, the company’s Chief Financial Officer since August 2025, to serve additionally as principal accounting officer upon Ms. Munk’s departure. The filing notes Mr. Wheeler has worked at Myriad for over a decade, is a CPA, holds accounting degrees from Brigham Young University, and received no additional compensation for the designation.

Myriad Genetics insider transaction summary: Chief Operating Officer Mark Verratti reported a compensatory disposition on 09/21/2025 where 1,085 shares of Myriad common stock were disposed of at an average price of $7.77 per share. The filing explains these shares were withheld by the company to satisfy tax-withholding obligations related to the vesting of restricted stock units. After the withholding, Verratti beneficially owns 381,826 shares directly. The Form 4 was signed on 09/22/2025 and indicates a routine tax-related transaction following equity vesting.

Natalie Munk, Chief Accounting Officer of Myriad Genetics (MYGN), reported a disposition of common stock related to tax withholding on vested restricted stock units. The Form 4 shows a sale/disposition code (F) for 962 shares at a reported price of $7.77, leaving the reporting person with 45,167 shares held directly. The filing states the withheld shares were used to satisfy tax withholding obligations tied to the vesting of restricted stock units and that the number withheld was determined using Myriad's closing stock price on September 19, 2025. The Form 4 was signed on behalf of the reporting person.

Benjamin R. Wheeler, Chief Financial Officer of Myriad Genetics (MYGN), reported a Form 4 showing shares withheld to cover taxes on vested restricted stock units. On 09/21/2025 the filing records 2,559 shares disposed (withheld) at an indicated price of $7.77 per share. After this withholding, Mr. Wheeler beneficially owns 92,651 shares. The filing explains the shares were withheld to satisfy tax withholding obligations and that the withheld amount was determined using Myriad's closing price on September 19, 2025.