Veracyte authorizes up to $100M stock buyback
The revised 2026 outlook sets total revenue at $590 million to $593 million and testing revenue at $571 million to $573 million.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
Veracyte (VCYT) reported third-quarter 2026 revenue of $151.8 million, up 15% from $131.9 million a year earlier, with testing revenue up 15% to $146.4 million. GAAP net income was $31.5 million, compared with $19.1 million, and diluted earnings per share were $0.38 versus $0.24. Adjusted EBITDA was $41.2 million, up 4%; nine-month operating cash flow was $121.3 million, $37.6 million above the prior-year period. Veracyte acquired Convergent Genomics, adding a urinary tumor DNA testing platform, and secured U.S. Medicare reimbursement for Prosigna for eligible patients with early-stage hormone-receptor-positive breast cancer.
For 2026, Veracyte now expects total revenue of $590 million to $593 million, representing 14% to 15% growth, and testing revenue of $571 million to $573 million, representing 16% growth; it continues to expect adjusted EBITDA margin greater than 26%. The board authorized repurchases of up to $100 million of common stock during the one-year period beginning November 4, 2026. Repurchases are discretionary and may be modified, suspended or discontinued at any time without prior notice. The company currently expects to fund them from available cash and cash equivalents.
3 points · 0 major0 major · 0 points
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointThird-quarter revenue increased 15% to $151.8 million year over year.
- Moderate pointGAAP net income rose to $31.5 million from $19.1 million.
- Moderate pointNine-month operating cash flow increased $37.6 million year over year.
Negative
- None.
Filing Explained
Veracyte says its previously authorized share repurchase program commenced November 4, making the one-year window active; the up-to-$100 million authorization permits purchases but does not commit the company to buy shares.
8-K Event Classification
3 items: 2.02, 8.01, 9.01
3 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Total revenue: $151.8 million
Testing revenue: $146.4 million
GAAP net income: $31.5 million
+5 more
8 metrics
Total revenue
$151.8 million
Third quarter 2026; up 15% year over year.
Testing revenue
$146.4 million
Third quarter 2026; up 15% year over year.
GAAP net income
$31.5 million
Third quarter 2026, compared with $19.1 million in the third quarter of 2025.
Adjusted EBITDA
$41.2 million
Third quarter 2026; up 4% year over year.
Net cash provided by operating activities
$121.3 million
Nine months ended September 30, 2026; $37.6 million higher than the same period in 2025.
Cash, cash equivalents, and short-term investments
$370.5 million
As of September 30, 2026.
Share repurchase program
Up to $100 million of common stock
Authorized for a one-year period beginning November 4, 2026.
2026 total revenue guidance
$590 million to $593 million
Represents 14% to 15% growth.
Key Terms
Adjusted EBITDA, Non-GAAP gross margin, Rule 10b-18, Rule 10b5-1, +1 more
5 terms
Adjusted EBITDA financial
"Adjusted EBITDA for the third quarter of 2026 was $41.2 million"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Non-GAAP gross margin financial
"Non-GAAP gross margin was 74%"
Non-GAAP gross margin is a measure of a company's profitability that shows how much money it makes from sales after subtracting the direct costs of producing its products or services, but without applying certain accounting adjustments required by standard rules. It helps investors understand the company's core earning ability by excluding items like one-time expenses or accounting changes. This metric provides a clearer picture of ongoing business performance beyond official financial reports.
Rule 10b-18 regulatory
"including in accordance with Rule 10b-18 under the Exchange Act"
Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.
Rule 10b5-1 regulatory
"trading plans adopted in accordance with Rule 10b5-1"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Earnings Snapshot
Total revenue: $151.8 million · Guidance included
Third quarter 2026
Total revenue
$151.8 million
+15% year over year
Testing revenue
$146.4 million
+15% year over year
GAAP net income
$31.5 million
+$12.4 million year over year
Diluted earnings per share
$0.38
+$0.14 year over year
Adjusted EBITDA
$41.2 million
+4% year over year
Guidance
2026 total revenue of $590 million to $593 million, representing 14% to 15% growth; testing revenue of $571 million to $573 million, representing 16% growth; adjusted EBITDA margin greater than 26%.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is VCYT's 2026 revenue guidance?
Veracyte expects total revenue of $590 million to $593 million, representing 14% to 15% growth, and testing revenue of $571 million to $573 million, representing 16% growth. It continues to expect adjusted EBITDA margin greater than 26%.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 4, 2026
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | Commission File Number | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices) | (Zip Code) | |||||||
Registrant’s telephone number, including area code: (650 ) 243-6300
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | |||||
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. | ||
Emerging growth company | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | ||
Item 2.02. Results of Operations and Financial Condition.
On November 4, 2026, Veracyte, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2026. The full text of the press release is furnished as Exhibit 99.1 to this report.
The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 8.01. Other Events.
On November 4, 2026, the Company announced the commencement of a share repurchase program previously authorized by the Board of Directors of the Company, pursuant to which the Company may repurchase up to $100.0 million of its outstanding common stock during the one-year period beginning on the date of the public announcement of the program (the “Repurchase Program”). Repurchases under the Repurchase Program may be made from time to time in open-market transactions, including in accordance with Rule 10b-18 under the Exchange Act or pursuant to trading plans adopted in accordance with Rule 10b5-1 under the Exchange Act, privately negotiated transactions, accelerated share repurchase transactions or other transactions, in each case in accordance with applicable laws and regulations.
The timing, amount and terms of any repurchases will depend on a variety of factors, including market conditions, the trading price of the Company’s common stock, the Company’s financial position and results of operations, capital requirements, general business conditions, alternative investment opportunities and other factors the Company deems relevant. The Repurchase Program does not obligate the Company to repurchase any specific number of shares and may be modified, suspended or discontinued at any time without prior notice at the Company’s discretion.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 99.1 | Press release issued by Veracyte, Inc. dated November 4, 2026. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: | November 4, 2026 | ||||||||||
VERACYTE, INC. | |||||||||||
By: | /s/ Rebecca Chambers | ||||||||||
Name: | Rebecca Chambers | ||||||||||
Title: | Chief Financial Officer | ||||||||||
| Principal Financial Officer | |||||||||||
Exhibit 99.1
Veracyte Announces Third Quarter 2026 Financial Results
Grew total revenue to $151.8 million and testing revenue to $146.4 million, representing 15% year-over-year growth
Announces $100 million share repurchase program
SOUTH SAN FRANCISCO, Calif., November 4, 2026 --- Veracyte, Inc. (Nasdaq: VCYT), a leading cancer diagnostics company, today announced financial results for the third quarter ended September 30, 2026.
“We delivered solid third quarter results supported by strong profitability and cash generation,” said Marc Stapley, chief executive officer of Veracyte. “Afirma outperformed, while Decipher Prostate volume was below our expectations. We remain confident in the long-term outlook of our business and expect a number of evidence-based catalysts to support growth in our core franchises while also advancing our breast and bladder strategies. As we execute on these opportunities, our differentiated financial profile enables us to continue investing in the business to drive long-term growth.”
Key Financial Highlights
For the three-month period ended September 30, 2026, as compared to the same period in 2025:
•Increased total revenue by 15% to $151.8 million and testing revenue by 15% to $146.4 million, driven by Decipher Prostate growth of 12% to $92.3 million and Afirma growth of 19% to $51.5 million.
•Increased total volume by 15% to 52,744 tests and testing volume by 13% to 49,498 tests, driven by approximately 29,900 Decipher Prostate tests, as well as approximately 19,100 Afirma tests. Volume for each test grew 12% year-over-year.
•Increased product revenue by 40% to $4.6 million, driven by strong adoption of Prosigna IVD following the release of the phase III OPTIMA trial results at ASCO.
•Recorded GAAP net income of $31.5 million, or 20.8% of revenue, and delivered adjusted EBITDA of $41.2 million, or 27.2% of revenue.
•Generated $40.3 million of cash from operations to end the quarter with $370.5 million of cash, cash equivalents, and short-term investments as of September 30, 2026.
Key Business Highlights
•Acquired Convergent Genomics, Inc., expanding our urology portfolio with a urinary tumor DNA testing platform to help guide bladder cancer care across the patient journey.
•Secured Medicare reimbursement for our Prosigna Breast Risk of Recurrence (ROR) test in the U.S. for eligible patients diagnosed with early-stage hormone-receptor positive (HR+) breast cancer.
•Further expanded the clinical evidence of the Decipher Prostate test, with new predictive evidence supporting its use with treatment intensification decisions across intermediate-risk and very high-risk prostate cancer.
•Surpassed a key milestone, with more than 1 million patients served to date with Veracyte's tests.
•Announced that the Board of Directors has authorized a share repurchase program for up to $100 million of common stock.
A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in this press release. An explanation of these measures is also included below under the heading "Note Regarding Use of Non-GAAP Financial Measures."
Third Quarter 2026 Financial Results
Total revenue for the third quarter of 2026 was $151.8 million, an increase of 15% compared to $131.9 million reported in the third quarter of 2025. Testing revenue was $146.4 million, an increase of 15% compared to $127.8
million in the third quarter of 2025, driven by growth in our Decipher Prostate and Afirma tests. Product revenue was $4.6 million, an increase of 40% compared to $3.3 million in the third quarter of 2025, driven by strong adoption of Prosigna IVD following the release of the phase III OPTIMA trial results at ASCO. Biopharmaceutical and other revenue was $0.7 million, compared to $0.8 million in the third quarter of 2025.
Total gross margin for the third quarter of 2026 was 71%, compared to 69% in the third quarter of 2025. Non-GAAP gross margin was 74%, compared to 73% in the third quarter of 2025.
Operating expenses were $90.5 million for the third quarter of 2026 compared to $68.3 million in the third quarter of 2025. Non-GAAP operating expenses grew 24% to $72.9 million compared to $58.6 million in the third quarter of 2025.
GAAP Net income for the third quarter of 2026 was $31.5 million, an increase of $12.4 million compared to the third quarter of 2025. Diluted net earnings per common share was $0.38, an improvement of $0.14 compared to the third quarter of 2025. Non-GAAP diluted net earnings per common share was $0.51, flat compared to the third quarter of 2025. Net cash provided by operating activities in the first nine months of 2026 was $121.3 million, an improvement of $37.6 million compared to the same period in 2025.
Adjusted EBITDA for the third quarter of 2026 was $41.2 million, an improvement of 4% compared to the third quarter of 2025, representing 27.2% of revenue.
2026 Financial Outlook
Veracyte now expects 2026 total revenue guidance of $590 million to $593 million, representing 14% to 15% growth, compared to prior guidance of $590 million to $596 million. This reflects testing revenue of $571 million to $573 million, representing 16% growth, compared to prior guidance of $576 million to $582 million, with minimal revenue contribution from recently launched tests. Further, the company continues to expect adjusted EBITDA margin of greater than 26% for 2026.
The company is unable to provide a quantitative reconciliation of expected adjusted EBITDA margin to expected GAAP net income margin, the most directly comparable forward-looking GAAP measure without unreasonable effort, because of the inherent difficulty in accurately forecasting the occurrence and financial impact of the various adjusting items necessary for such reconciliations that have not yet occurred, that are dependent on various factors, are out of the company’s control, or that cannot be reasonably predicted. Such adjustments include, but are not limited to, acquisition-related expenses, and other adjustments. Any associated estimate of these items and their impact on GAAP performance for the guidance period could vary materially. For more information on the non-GAAP financial measures, please refer to the section titled “Note Regarding Use of Non-GAAP Financial Measures” at the end of this press release.
Share Repurchase Program
Veracyte announced today that its Board of Directors has authorized a share repurchase program for up to $100 million of its common stock. Under the repurchase program, the company may repurchase shares through open market purchases, privately negotiated transactions or by other methods from time to time. Any open market repurchases will be structured to comply with applicable federal securities laws, including the pricing and volume requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The timing, manner, price, and amount of any repurchases will be determined at the company's discretion based on a variety of factors, including market conditions, the trading price of the company's common stock, the company's financial condition and results of operations, capital requirements, general business conditions, alternative investment opportunities, and other factors the company deems relevant. The repurchase program does not obligate the company to acquire any specific number of shares, may be modified, suspended, or discontinued at any time without prior notice at the discretion of the Board of Directors, and will expire after 12 months. The company currently expects to fund the repurchase program from available cash and cash equivalents.
Conference Call and Webcast Details
Veracyte will host a conference call and webcast today at 4:30 p.m. Eastern Time to discuss the company's financial results and provide a general business update. The conference call will be webcast live from the company’s website and will be available via the following link: https://edge.media-server.com/mmc/p/kgcmbvpd. The webcast should be accessed 10 minutes prior to the conference call start time. A replay of the webcast will be available for one year following the conclusion of the live broadcast and will be accessible on the company’s website at https://investor.veracyte.com/events-presentations.
About Veracyte
Veracyte (Nasdaq: VCYT) is a global diagnostics company with a vision to transform cancer care for patients around the world. The company’s molecular tests assess the unique biology of each patient’s tumor to help clinicians answer essential questions about cancer care. Veracyte’s Diagnostics Platform combines broad genomic and clinical data, advanced bioinformatics and AI, and a powerful evidence-generation engine to support continued innovation and pipeline development. The company’s portfolio includes the Afirma® Genomic Sequencing Classifier test, Decipher® Bladder Genomic Classifier test, Decipher® Prostate Genomic Classifier test, Prosigna® Breast Risk of Recurrence test, and the TrueMRD™ Monitoring Test for MIBC. For more information, visit Veracyte’s website or follow the company on LinkedIn or X (Twitter).
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including, but not limited to our statements related to our plans, objectives, and expectations (financial and otherwise), including with respect to our 2026 financial and operating results; our share repurchase program, including the timing, amount and source of funds for any
repurchases of shares; and our intentions with respect to the development, launch, commercialization, adoption, and reimbursement of our tests and products. Forward-looking statements can be identified by words such as: “appears,” “anticipate,” “intend,” “plan,” “expect,” “believe,” “should,” “may,” “could,” “would,” “will,” “enable,” “positioned,” “offers,” “designed,” “ultimately,” “strategic,” “outlook,” “guidance,” and similar references to future periods. Actual results may differ materially from those projected or suggested in any forward-looking statements. These statements involve risks and uncertainties, which could cause actual results to differ materially from our predictions, and include, but are not limited to: our ability to launch, commercialize and receive reimbursement for our products; our ability to execute on our business strategies relating to our acquisitions, including C2i Genomics and Convergent Genomics, Inc., integration of the business and the realization of expected benefits and synergies; our ability to demonstrate the validity and utility of our genomic tests and biopharma and other offerings; our ability to continue executing on our business plan; our ability to continue to scale our global operations and enhance our internal control environment; the impact of the war in Ukraine and other regional conflicts on European economies; the impact of foreign currency fluctuations, volatile interest rates, inflation, the impact of legislation and policies enacted by the current U.S. administration; turmoil in the global banking and finance system; the ongoing conflict in the Middle East; and the performance and utility of our tests in the clinical environment. Additional factors that may impact these forward-looking statements can be found under the caption “Risk Factors” in our Annual Report on Form 10-K filed on February 26, 2026, as well as in other documents that we may file from time to time with the Securities and Exchange Commission. Copies of these documents, when available, may be found in the Investors section of our website at investor.veracyte.com. These forward-looking statements speak only as of the date hereof and, except as required by law, we specifically disclaim any obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise.
Note Regarding Use of Non-GAAP Financial Measures
In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this press release and the accompanying tables contain, and reference certain non-GAAP results including non-GAAP gross margin, non-GAAP operating expenses, adjusted EBITDA, adjusted EBITDA as a percentage of revenue (also referred to as adjusted EBITDA margin), non-GAAP net income, and non-GAAP earnings per share (EPS) and non-GAAP weighted average shares outstanding. These non-GAAP financial measures are not meant to be considered superior to or a substitute for financial measures calculated in accordance with GAAP, and investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool.
We use non-GAAP financial measures to internally evaluate and analyze financial results. We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and enable comparison of our financial results with other public companies, many of which present similar non-GAAP financial measures. However, the non-GAAP financial measures we present may be different from those used by other companies, including similarly titled measures.
We compute these non-GAAP measures by adjusting the applicable GAAP measure to remove the impact of certain recurring and non-recurring charges and gains and to adjust for the impact of income tax items related to such adjustments to our GAAP financial statements. In particular, we exclude amortization of acquired intangible assets,
acquisition-related expenses relating to our acquisitions of Decipher Biosciences, HalioDx and C2i Genomics, impairment charges associated with the nCounter license and other biopharmaceutical services related to HalioDx intangible assets, all stock-based compensation and certain costs related to restructuring from all of our non-GAAP financial measures as well as depreciation and income tax items from our adjusted EBITDA and adjusted EBITDA as a percentage of revenue. Beginning in the second quarter of 2024, we changed our non-GAAP policy to exclude all stock-based compensation to align with our peers and we have also excluded all stock-based compensation from our prior period non-GAAP financial measures. Management has excluded the effects of these items in non-GAAP financial measures to help investors gain a better understanding of the core operating results and future prospects of the company, consistent with how management measures and forecasts the company's performance, especially when comparing such results to previous periods or forecasts. The company encourages investors to carefully consider its results under GAAP, together with its supplemental non‐GAAP information and the reconciliation between these presentations. See “Reconciliation of U.S. GAAP to Non-GAAP Financial Measures” for a reconciliation of each non-GAAP measure presented to the comparable GAAP financial measure.
| VERACYTE, INC. | |||||||||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||||
| (In thousands, except share and per share amounts) | |||||||||||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Revenue: | |||||||||||||||||||||||
| Testing revenue | $ | 146,419 | $ | 127,756 | $ | 427,171 | $ | 357,328 | |||||||||||||||
| Product revenue | 4,626 | 3,301 | 12,163 | 10,479 | |||||||||||||||||||
| Biopharmaceutical and other revenue | 709 | 815 | 1,812 | 8,702 | |||||||||||||||||||
| Total revenue | 151,754 | 131,872 | 441,146 | 376,509 | |||||||||||||||||||
| Cost of revenue: (1) | |||||||||||||||||||||||
| Cost of testing revenue | 38,477 | 33,777 | 108,092 | 94,444 | |||||||||||||||||||
| Cost of product revenue | 2,766 | 3,015 | 7,172 | 6,186 | |||||||||||||||||||
| Cost of biopharmaceutical and other revenue | 142 | 1,091 | 357 | 7,361 | |||||||||||||||||||
| Intangible asset amortization - cost of revenue | 3,265 | 2,707 | 8,713 | 7,959 | |||||||||||||||||||
| Total cost of revenue | 44,650 | 40,590 | 124,334 | 115,950 | |||||||||||||||||||
| Gross profit | 107,104 | 91,282 | 316,812 | 260,559 | |||||||||||||||||||
| Operating expenses: (1) | |||||||||||||||||||||||
| Research and development | 32,159 | 15,981 | 88,699 | 49,965 | |||||||||||||||||||
| Selling and marketing | 28,652 | 24,455 | 84,071 | 74,225 | |||||||||||||||||||
| General and administrative | 29,302 | 27,278 | 80,425 | 93,417 | |||||||||||||||||||
| Impairment of assets | — | — | — | 20,505 | |||||||||||||||||||
| Intangible asset amortization - operating expenses | 422 | 622 | 1,422 | 1,865 | |||||||||||||||||||
| Total operating expenses | 90,535 | 68,336 | 254,617 | 239,977 | |||||||||||||||||||
| Income from operations | 16,569 | 22,946 | 62,195 | 20,582 | |||||||||||||||||||
| Other income (loss), net | 4,553 | (4,057) | 15,424 | 6,985 | |||||||||||||||||||
| Income before income taxes | 21,122 | 18,889 | 77,619 | 27,567 | |||||||||||||||||||
| Income tax provision (benefit) | (10,381) | (248) | (8,081) | 2,363 | |||||||||||||||||||
| Net income | $ | 31,503 | $ | 19,137 | $ | 85,700 | $ | 25,204 | |||||||||||||||
| Earnings per share: | |||||||||||||||||||||||
| Basic | $ | 0.39 | $ | 0.24 | $ | 1.07 | $ | 0.32 | |||||||||||||||
| Diluted | $ | 0.38 | $ | 0.24 | $ | 1.04 | $ | 0.32 | |||||||||||||||
| Shares used to compute earnings per common share: | |||||||||||||||||||||||
| Basic | 80,500,406 | 78,725,139 | 80,006,663 | 78,384,184 | |||||||||||||||||||
| Diluted | 82,783,915 | 79,691,703 | 82,204,307 | 79,946,386 | |||||||||||||||||||
1. Cost of revenue, research and development, sales and marketing and general and administrative expenses include the following stock-based compensation related expenses:
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Cost of revenue | $ | 995 | $ | 540 | $ | 3,054 | $ | 1,668 | |||||||||||||||
| Research and development | 2,742 | 1,949 | 8,340 | 6,023 | |||||||||||||||||||
| Selling and marketing | 2,734 | 2,102 | 7,839 | 6,258 | |||||||||||||||||||
| General and administrative | 7,488 | 6,166 | 21,573 | 18,751 | |||||||||||||||||||
| Total stock-based compensation expense | $ | 13,959 | $ | 10,757 | $ | 40,806 | $ | 32,700 | |||||||||||||||
| VERACYTE, INC. | |||||||||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Net income | $ | 31,503 | $ | 19,137 | $ | 85,700 | $ | 25,204 | |||||||||||||||
| Other comprehensive income (loss): | |||||||||||||||||||||||
| Change in currency translation adjustments | (122) | (4,556) | 151 | 19,575 | |||||||||||||||||||
| Release of accumulated translation adjustment | — | 8,295 | — | 8,295 | |||||||||||||||||||
| Other comprehensive income (loss) | (122) | 3,739 | 151 | 27,870 | |||||||||||||||||||
| Net comprehensive income | $ | 31,381 | $ | 22,876 | $ | 85,851 | $ | 53,074 | |||||||||||||||
| VERACYTE, INC. | |||||||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||||||
| (In thousands) | |||||||||||
| September 30, | December 31, | ||||||||||
| 2026 | 2025 | ||||||||||
| (Unaudited) | (See Note 1) | ||||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 199,828 | $ | 362,578 | |||||||
| Short-term investments | 170,704 | 50,311 | |||||||||
| Accounts receivable | 56,788 | 44,660 | |||||||||
| Supplies | 25,818 | 20,546 | |||||||||
| Prepaid expenses and other current assets | 14,740 | 10,281 | |||||||||
Total current assets | 467,878 | 488,376 | |||||||||
| Property, plant and equipment, net | 24,870 | 22,192 | |||||||||
| Right-of-use assets, operating leases | 35,097 | 36,599 | |||||||||
| Intangible assets, net | 184,883 | 89,148 | |||||||||
| Goodwill | 855,575 | 767,154 | |||||||||
| Restricted cash | 1,646 | 1,648 | |||||||||
| Other assets | 3,307 | 902 | |||||||||
| Total assets | $ | 1,573,256 | $ | 1,406,019 | |||||||
| Liabilities and Stockholders’ Equity | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | 9,710 | $ | 4,593 | |||||||
| Accrued liabilities | 60,087 | 48,801 | |||||||||
| Current portion of deferred revenue | 864 | 1,160 | |||||||||
| Current portion of acquisition-related contingent consideration | 6,734 | 1,332 | |||||||||
| Current portion of operating lease liabilities | 6,814 | 4,051 | |||||||||
Total current liabilities | 84,209 | 59,937 | |||||||||
| Deferred tax liabilities | 1,616 | 646 | |||||||||
| Acquisition-related contingent consideration, net of current portion | 17,245 | 257 | |||||||||
| Operating lease liabilities, net of current portion | 33,922 | 35,603 | |||||||||
| Other liabilities | 3,000 | — | |||||||||
Total liabilities | 139,992 | 96,443 | |||||||||
| Total stockholders’ equity | 1,433,264 | 1,309,576 | |||||||||
| Total liabilities and stockholders’ equity | $ | 1,573,256 | $ | 1,406,019 | |||||||
| 1. The condensed consolidated balance sheet at December 31, 2025 has been derived from the audited financial statements at that date included in the company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission on February 26, 2026. | |||||||||||
| VERACYTE, INC. | |||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||||||
| (Unaudited) | |||||||||||
| (In thousands) | |||||||||||
| Nine Months Ended September 30, | |||||||||||
| 2026 | 2025 | ||||||||||
| Operating activities | |||||||||||
| Net income | $ | 85,700 | $ | 25,204 | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation and amortization | 16,247 | 16,117 | |||||||||
| Loss on disposal of property, plant and equipment | 367 | 15 | |||||||||
| Stock-based compensation | 40,806 | 32,700 | |||||||||
| Deferred income taxes | (11,599) | (13) | |||||||||
| Noncash lease expense | 2,088 | 2,289 | |||||||||
| Revaluation of acquisition-related contingent consideration | (1,110) | (2,713) | |||||||||
| Effect of foreign currency on operations | (23) | (3,845) | |||||||||
| Amortization of discount on short-term investments | (2,380) | (2,619) | |||||||||
| Impairment loss | — | 20,505 | |||||||||
| Non-cash loss on deconsolidation of subsidiary | — | 3,863 | |||||||||
| Changes in operating assets and liabilities: | |||||||||||
| Accounts receivable | (11,963) | (3,858) | |||||||||
| Supplies | (3,435) | (2,642) | |||||||||
| Prepaid expenses and other current assets | (4,112) | (6,416) | |||||||||
| Other assets | (771) | 331 | |||||||||
| Operating lease liabilities | 496 | (1,681) | |||||||||
| Accounts payable | 5,522 | (547) | |||||||||
| Accrued liabilities and deferred revenue | 5,466 | 7,034 | |||||||||
| Net cash provided by operating activities | 121,299 | 83,724 | |||||||||
| Investing activities | |||||||||||
| Business acquisitions, net of cash acquired | (153,190) | — | |||||||||
| Purchase of short-term investments | (234,997) | (99,998) | |||||||||
| Proceeds from maturity of short-term investments | 116,984 | 102,116 | |||||||||
| Issuance of loan receivable | (1,622) | — | |||||||||
| Purchases of property, plant and equipment | (8,155) | (5,897) | |||||||||
| Net cash used in investing activities | (280,980) | (3,779) | |||||||||
| Financing activities | |||||||||||
| Payment of taxes on vested restricted stock units | (17,462) | (14,645) | |||||||||
| Proceeds from the exercise of common stock options and employee stock purchases | 14,493 | 10,572 | |||||||||
| Net cash used in financing activities | (2,969) | (4,073) | |||||||||
| (Decrease) increase in cash, cash equivalents and restricted cash | (162,650) | 75,872 | |||||||||
| Effect of foreign currency on cash, cash equivalents and restricted cash | (102) | 707 | |||||||||
| Net (decrease) increase in cash, cash equivalents and restricted cash | (162,752) | 76,579 | |||||||||
| Cash, cash equivalents and restricted cash at beginning of period | 364,226 | 240,631 | |||||||||
| Cash, cash equivalents and restricted cash at end of period | $ | 201,474 | $ | 317,210 | |||||||
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH | |||||||||||
| (Unaudited) | |||||||||||
| (In thousands) | |||||||||||
| September 30, | December 31, | ||||||||||
| 2026 | 2025 | ||||||||||
| Cash and cash equivalents | $ | 199,828 | $ | 362,578 | |||||||
| Restricted cash | 1,646 | 1,648 | |||||||||
| Total cash, cash equivalents and restricted cash | $ | 201,474 | $ | 364,226 | |||||||
| VERACYTE, INC. | |||||||||||||||||||||||
| RECONCILIATION OF U.S. GAAP to NON-GAAP FINANCIAL MEASURES | |||||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Reconciliation of Non-GAAP Cost of Revenue: | |||||||||||||||||||||||
| GAAP cost of testing revenue | $ | 38,477 | $ | 33,777 | $ | 108,092 | $ | 94,444 | |||||||||||||||
| Stock-based compensation expense | (994) | (555) | (3,052) | (1,543) | |||||||||||||||||||
| Acquisition related expenses (1) | (131) | — | (131) | — | |||||||||||||||||||
| Other adjustments (2) | (316) | — | (954) | — | |||||||||||||||||||
| Non-GAAP cost of testing revenue | $ | 37,036 | $ | 33,222 | $ | 103,955 | $ | 92,901 | |||||||||||||||
| GAAP cost of product revenue | 2,766 | 3,015 | 7,172 | 6,186 | |||||||||||||||||||
| Stock-based compensation expense | (1) | — | (2) | (2) | |||||||||||||||||||
| Acquisition related expenses (1) | — | — | — | — | |||||||||||||||||||
| Other adjustments (2) | — | (1,418) | 11 | (1,450) | |||||||||||||||||||
| Non-GAAP cost of product revenue | $ | 2,765 | $ | 1,597 | $ | 7,181 | $ | 4,734 | |||||||||||||||
| GAAP cost of biopharmaceutical and other revenue | 142 | 1,091 | 357 | 7,361 | |||||||||||||||||||
| Stock-based compensation expense | — | 15 | — | (123) | |||||||||||||||||||
| Acquisition related expenses (1) | — | — | — | — | |||||||||||||||||||
| Other adjustments (2) | — | — | — | — | |||||||||||||||||||
| Non-GAAP cost of biopharmaceutical and other revenue | $ | 142 | $ | 1,106 | $ | 357 | $ | 7,238 | |||||||||||||||
| Reconciliation of Non-GAAP Gross Margin: | |||||||||||||||||||||||
| GAAP Gross Profit | $ | 107,104 | $ | 91,282 | $ | 316,812 | $ | 260,559 | |||||||||||||||
| GAAP Gross Margin | 70.6 | % | 69.2 | % | 71.8 | % | 69.2 | % | |||||||||||||||
| Amortization of intangible assets | 3,265 | 2,707 | 8,713 | 7,959 | |||||||||||||||||||
| Stock-based compensation expense | 995 | 540 | 3,054 | 1,668 | |||||||||||||||||||
| Acquisition related expenses (1) | 131 | — | 131 | — | |||||||||||||||||||
| Other adjustments (2) | 316 | 1,418 | 943 | 1,450 | |||||||||||||||||||
| Non-GAAP Gross Profit | $ | 111,811 | $ | 95,947 | $ | 329,653 | $ | 271,636 | |||||||||||||||
| Non-GAAP Gross Margin | 73.7 | % | 72.8 | % | 74.7 | % | 72.1 | % | |||||||||||||||
| 1.Includes transaction-related expenses. For the three months and nine months ended September 30, 2026, adjustments consist primarily of transaction-related expenses associated with acquisition activities ($0.1M). | |||||||||||||||||||||||
| 2.For the three months ended September 30, 2026, adjustments include the impact of Non-GAAP adjustments on IT/Facilities allocations ($0.3 million). For the three months ended September 30, 2025, adjustments include expenses related to Veracyte SAS investment review. For the nine months ended September 30, 2026, adjustments include the impact of Non-GAAP adjustments on IT/Facilities allocations ($0.9 million), partially offset by expense related to the restructuring of Veracyte SAS. For the nine months ended September 30, 2025, adjustments include expenses related to Veracyte SAS investment review. | |||||||||||||||||||||||
| VERACYTE, INC. | |||||||||||||||||||||||
| RECONCILIATION OF U.S. GAAP to NON-GAAP FINANCIAL MEASURES | |||||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Reconciliation of Non-GAAP Operating Expenses: | |||||||||||||||||||||||
| GAAP research and development | $ | 32,159 | $ | 15,981 | $ | 88,699 | $ | 49,965 | |||||||||||||||
| Stock-based compensation expense | (2,742) | (1,949) | (8,340) | (6,023) | |||||||||||||||||||
| Acquisition related expenses (1) | (1) | — | (1) | — | |||||||||||||||||||
| Other adjustments (2) | (176) | — | (652) | — | |||||||||||||||||||
| Non-GAAP research and development | $ | 29,240 | $ | 14,032 | $ | 79,706 | $ | 43,942 | |||||||||||||||
| GAAP sales and marketing | $ | 28,652 | $ | 24,455 | $ | 84,071 | $ | 74,225 | |||||||||||||||
| Stock-based compensation expense | (2,734) | (2,102) | (7,839) | (6,258) | |||||||||||||||||||
| Acquisition related expenses (1) | — | — | — | — | |||||||||||||||||||
| Other adjustments (2) | (45) | — | (124) | — | |||||||||||||||||||
| Non-GAAP sales and marketing | $ | 25,873 | $ | 22,353 | $ | 76,108 | $ | 67,967 | |||||||||||||||
| GAAP general and administrative | $ | 29,302 | $ | 27,278 | $ | 80,425 | $ | 93,417 | |||||||||||||||
| Stock-based compensation expense | (7,488) | (6,166) | (21,573) | (18,751) | |||||||||||||||||||
| Acquisition related expenses (1) | (1,321) | (166) | (635) | (593) | |||||||||||||||||||
| Other adjustments (2) | (2,694) | 1,308 | (6,516) | (6,530) | |||||||||||||||||||
| Non-GAAP general and administrative | $ | 17,799 | $ | 22,254 | $ | 51,701 | $ | 67,543 | |||||||||||||||
| GAAP total operating expenses | $ | 90,535 | $ | 68,336 | $ | 254,617 | $ | 239,977 | |||||||||||||||
| Amortization of intangible assets | (422) | (622) | (1,422) | (1,865) | |||||||||||||||||||
| Stock-based compensation expense | (12,964) | (10,217) | (37,752) | (31,032) | |||||||||||||||||||
| Acquisition related expenses (1) | (1,322) | (166) | (636) | (593) | |||||||||||||||||||
| Other adjustments (2) | (2,915) | 1,308 | (7,292) | (27,035) | |||||||||||||||||||
| Non-GAAP total operating expenses | $ | 72,912 | $ | 58,639 | $ | 207,515 | $ | 179,452 | |||||||||||||||
| 1.Includes transaction-related expenses as well as post-combination compensation expenses. For the three months ended September 30, 2026, adjustments consist primarily of transaction-related expenses associated with the acquisition of Convergent Genomics, Inc. ("Convergent") ($1.7 million) partially offset with contingent consideration related to the NanoString Technologies, Inc. ("NanoString") transaction ($0.4 million). For the three months ended September 30, 2025, adjustments consist primarily of transaction-related expenses associated with contingent consideration related to NanoString and contingent consideration associated with the acquisition of C2i Genomics. For the nine months ended September 30, 2026, adjustments consist primarily of transaction-related expenses associated with the acquisition of Convergent ($1.7 million) partially offset with NanoString contingent consideration ($1.1 million). For the nine months ended September 30, 2025, adjustments consist primarily of transaction-related expenses associated with the acquisition of C2i Genomics ($1.6 million) partially offset by NanoString contingent consideration ($1.0 million). | |||||||||||||||||||||||
| 2.For the three months ended September 30, 2026, adjustments consist primarily of expenses related to legal proceedings ($3.2 million), partially offset by the impact of Non-GAAP adjustments on IT/Facilities allocations ($0.3 million). For the three months ended September 30, 2025, adjustments primarily include a vendor legal settlement ($2.8 million) partially offset by expenses related to the restructuring and liquidation proceedings of Veracyte SAS ($1.0 million) and other legal proceedings ($0.5 million). For the nine months ended September 30, 2026, adjustments consist primarily of expenses related to legal proceedings ($4.9 million), expenses related to the assessment of licensing and strategic investments ($3.0 million), and expenses related to the liquidation proceedings of Veracyte SAS ($0.3 million), partially offset by the impact of Non-GAAP adjustments on IT/Facilities allocations ($0.9 million). For the nine months ended September 30, 2025, adjustments include additional expenses related to Veracyte SAS impairment loss ($20.5 million) and related to the restructuring and liquidation proceedings of Veracyte SAS ($8.0 million), partially offset by adjustments related to restructuring costs ($0.1 million). | |||||||||||||||||||||||
| VERACYTE, INC. | |||||||||||||||||||||||
| RECONCILIATION OF U.S. GAAP to NON-GAAP FINANCIAL MEASURES | |||||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Reconciliation of Adjusted EBITDA: | |||||||||||||||||||||||
| GAAP Net Income (Loss) | $ | 31,503 | $ | 19,137 | $ | 85,700 | $ | 25,204 | |||||||||||||||
| GAAP Net Income (Loss) as a % of Revenue | 20.8 | % | 14.5 | % | 19.4 | % | 6.7 | % | |||||||||||||||
| Amortization of intangible assets | 3,687 | 3,329 | 10,135 | 9,824 | |||||||||||||||||||
| Depreciation expense | 2,293 | 1,938 | 6,112 | 6,293 | |||||||||||||||||||
| Stock-based compensation expense | 13,959 | 10,757 | 40,806 | 32,700 | |||||||||||||||||||
| Acquisition related expenses (1) | 1,453 | 166 | 767 | 593 | |||||||||||||||||||
| Other expense (income), net (2) | (4,503) | (3,484) | (11,865) | (9,630) | |||||||||||||||||||
| Other adjustments (3) | 3,231 | 8,138 | 4,423 | 32,876 | |||||||||||||||||||
| Income tax expense (benefit) | (10,381) | (248) | (8,081) | 2,363 | |||||||||||||||||||
| Adjusted EBITDA | $ | 41,242 | $ | 39,733 | $ | 127,997 | $ | 100,223 | |||||||||||||||
| Adjusted EBITDA as a % of Revenue | 27.2 | % | 30.1 | % | 29.0 | % | 26.6 | % | |||||||||||||||
| Reconciliation of Non-GAAP Net Income (Loss) | |||||||||||||||||||||||
| GAAP Net Income (Loss) | $ | 31,503 | $ | 19,137 | $ | 85,700 | $ | 25,204 | |||||||||||||||
| Amortization of intangible assets | 3,687 | 3,329 | 10,135 | 9,824 | |||||||||||||||||||
| Stock-based compensation expense | 13,959 | 10,757 | 40,806 | 32,700 | |||||||||||||||||||
| Acquisition related expenses (1) | 1,453 | 166 | 767 | 593 | |||||||||||||||||||
| Other adjustments (3) | 3,231 | 8,138 | 4,423 | 32,876 | |||||||||||||||||||
| Tax adjustments (4) | (11,971) | (565) | (13,526) | (807) | |||||||||||||||||||
| Non-GAAP Net Income | $ | 41,862 | $ | 40,962 | $ | 128,305 | $ | 100,390 | |||||||||||||||
| Reconciliation of Non-GAAP Earnings per Share | |||||||||||||||||||||||
| Diluted earnings per share, GAAP | $ | 0.38 | $ | 0.24 | $ | 1.04 | $ | 0.32 | |||||||||||||||
| Amortization of intangible assets | 0.04 | 0.04 | 0.12 | 0.12 | |||||||||||||||||||
| Stock-based compensation expense | 0.17 | 0.13 | 0.50 | 0.41 | |||||||||||||||||||
| Acquisition related expenses (1) | 0.02 | — | 0.01 | 0.01 | |||||||||||||||||||
| Other adjustments (3) | 0.04 | 0.10 | 0.05 | 0.41 | |||||||||||||||||||
| Tax adjustments (4) | (0.14) | (0.01) | (0.16) | (0.01) | |||||||||||||||||||
| Rounding and impact of dilutive shares | — | 0.01 | — | — | |||||||||||||||||||
| Diluted earnings per share, non-GAAP | $ | 0.51 | $ | 0.51 | $ | 1.56 | $ | 1.26 | |||||||||||||||
| Weighted average shares outstanding used in computing diluted earnings per share | |||||||||||||||||||||||
| Diluted, GAAP | 82,783,915 | 79,691,703 | 82,204,307 | 79,946,386 | |||||||||||||||||||
| Dilutive effect of equity awards (5) | — | — | — | — | |||||||||||||||||||
| Diluted, non-GAAP | 82,783,915 | 79,691,703 | 82,204,307 | 79,946,386 | |||||||||||||||||||
| 1.Includes transaction-related expenses as well as post-combination compensation expenses. For the three months ended September 30, 2026, adjustments consist primarily of transaction-related expenses associated with the acquisition activities ($1.9 million), partially offset by contingent consideration related to the NanoString transaction ($0.4 million). For the three months ended September 30, 2025, adjustments consist primarily of transaction-related expenses associated with contingent consideration related to NanoString and contingent consideration associated with the acquisition of C2i Genomics. For the nine months ended September 30, 2026, adjustments consist primarily of transaction-related expenses associated with the acquisition activities ($1.9 million), partially offset with NanoString contingent consideration ($1.1 million). For the nine months ended September 30, 2025, adjustments consist primarily of transaction-related expenses associated with the acquisition of C2i Genomics ($1.6 million) partially offset by NanoString contingent consideration ($1.0 million). | |||||||||||||||||||||||
| 2.Includes interest income and income related to research tax credits. | |||||||||||||||||||||||
| 3.For the three months ended September 30, 2026, adjustments consist primarily of expenses related to legal proceedings ($3.2 million). For the three months ended September 30, 2025, adjustments primarily include expenses related to the exclusion of unrealized loss related to Veracyte SAS deconsolidation ($6.7 million), the exclusion of unrealized loss associated with foreign exchange impact on stock-based compensation and intercompany loans ($1.3 million), the restructuring and liquidation proceedings of Veracyte SAS ($2.4 million), and other legal proceedings ($0.5 million), partially offset by vendor legal settlement ($2.8 million). For the nine months ended September 30, 2026, adjustments primarily include expenses related to legal proceedings ($4.9 million), expenses related to the assessment of licensing and strategic investments ($3.0 million), expenses related to the liquidation proceedings of Veracyte SAS ($0.3 million), and losses related to asset disposition ($0.4 million), partially offset by adjustments related to the restructuring and liquidation proceedings of Veracyte SAS ($4.2 million). For the nine months ended September 30, 2025, adjustments include additional expenses related to Veracyte SAS impairment loss ($20.5 million) and Veracyte SAS investment review ($8.0 million), partially offset by adjustments related to restructuring costs ($0.1 million) and additional exclusion of unrealized gains associated with foreign exchange impacts on stock-based compensation and intercompany loans ($3.6 million). | |||||||||||||||||||||||
| 4.Incremental non-GAAP tax expense reflects the tax impact of the non-GAAP adjustments listed. | |||||||||||||||||||||||
| 5.In those periods in which GAAP net (loss) income is negative and non-GAAP net (loss) income is positive, non-GAAP diluted weighted average shares outstanding includes potentially dilutive common shares from equity awards as determined using the treasury stock method. | |||||||||||||||||||||||
# # #
Investors:
Kelly Gura
investors@veracyte.com
Media:
Molly Cornbleet
media@veracyte.com
+1-650-351-8780