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Stocks · Health care · Services-Medical Laboratories

VERACYTE, INC.

VCYT Clue Score73
United States Fiscal year ends December CIK 0001384101
$45.23 +3.74% Close, 9 Oct 2026
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Price $45.23 +8.86% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue65.1Operating income−28.8Fiscal year 2017Revenue72.0 +10.6%Operating income−26.5Fiscal year 2018Revenue92.0 +27.9%Operating income−22.2Net income−23.0Fiscal year 2019Revenue120.4 +30.8%Operating income−15.1Net income−12.6EPS, diluted−0.27Fiscal year 2020Revenue117.5 −2.4%Operating income−35.4Net income−34.9EPS, diluted−0.66Fiscal year 2021Revenue219.5 +86.8%Operating income−81.9Net income−75.6EPS, diluted−1.11Fiscal year 2022Revenue296.5 +35.1%Operating income−41.1Net income−36.6EPS, diluted−0.51Fiscal year 2023Revenue361.1 +21.8%Operating income−85.8Net income−74.4EPS, diluted−1.02Fiscal year 2024Revenue445.8 +23.5%Operating income16.1Net income24.1EPS, diluted0.31Fiscal year 2025Revenue517.1 +16.0%Operating income57.8Net income66.4 +174.9%EPS, diluted0.82 +164.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 65.1 72.0 92.0 120.4 117.5 219.5 296.5 361.1 445.8 517.1
Growth +10.6% +27.9% +30.8% −2.4% +86.8% +35.1% +21.8% +23.5% +16.0%
Operating income −28.8 −26.5 −22.2 −15.1 −35.4 −81.9 −41.1 −85.8 16.1 57.8
Net income n/a n/a −23.0 −12.6 −34.9 −75.6 −36.6 −74.4 24.1 66.4
Growth +174.9%
EPS, diluted n/a n/a n/a −0.27 −0.66 −1.11 −0.51 −1.02 0.31 0.82
Growth +164.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Operating margin−44.3%Free cash flow margin−49.5%Fiscal year 2017Operating margin−36.9%Free cash flow margin−35.7%Fiscal year 2018Operating margin−24.2%Net margin−25.0%Free cash flow margin−16.7%Fiscal year 2019Operating margin−12.6%Net margin−10.5%Free cash flow margin−5.0%Fiscal year 2020Operating margin−30.1%Net margin−29.7%Free cash flow margin−10.7%Fiscal year 2021Operating margin−37.3%Net margin−34.4%Free cash flow margin−16.9%Fiscal year 2022Gross margin59.2%Operating margin−13.9%Net margin−12.3%Free cash flow margin−0.3%Fiscal year 2023Gross margin63.6%Operating margin−23.8%Net margin−20.6%Free cash flow margin9.5%Fiscal year 2024Gross margin66.9%Operating margin3.6%Net margin5.4%Free cash flow margin14.3%Fiscal year 2025Gross margin70.1%Operating margin11.2%Net margin12.8%Free cash flow margin24.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a n/a n/a n/a n/a 59.2% 63.6% 66.9% 70.1%
Operating margin −44.3% −36.9% −24.2% −12.6% −30.1% −37.3% −13.9% −23.8% 3.6% 11.2%
Net margin n/a n/a −25.0% −10.5% −29.7% −34.4% −12.3% −20.6% 5.4% 12.8%
Free cash flow margin −49.5% −35.7% −16.7% −5.0% −10.7% −16.9% −0.3% 9.5% 14.3% 24.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−28.0Capital expenditure−4.2Free cash flow−32.2Fiscal year 2017Operating cash flow−23.9Capital expenditure−1.8Free cash flow−25.7Fiscal year 2018Operating cash flow−13.5Capital expenditure−1.9Free cash flow−15.4Fiscal year 2019Operating cash flow−3.2Capital expenditure−2.8Free cash flow−6.0Fiscal year 2020Operating cash flow−9.7Capital expenditure−2.8Free cash flow−12.5Fiscal year 2021Operating cash flow−31.6Capital expenditure−5.4Free cash flow−37.0Fiscal year 2022Operating cash flow7.5Capital expenditure−8.5Free cash flow−1.0Fiscal year 2023Operating cash flow44.2Capital expenditure−10.0Free cash flow34.3Fiscal year 2024Operating cash flow75.1Capital expenditure−11.3Free cash flow63.8 +86.2%Fiscal year 2025Operating cash flow136.3Capital expenditure−9.7Free cash flow126.6 +98.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −28.0 −23.9 −13.5 −3.2 −9.7 −31.6 7.5 44.2 75.1 136.3
Capital expenditure −4.2 −1.8 −1.9 −2.8 −2.8 −5.4 −8.5 −10.0 −11.3 −9.7
Free cash flow −32.2 −25.7 −15.4 −6.0 −12.5 −37.0 −1.0 34.3 63.8 126.6
Growth +86.2% +98.5%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash59.2Total debt24.9Net cash (debt)34.3Shareholders’ equity59.6Debt to equity0.42Fiscal year 2017Cash33.9Total debt24.9Net cash (debt)9.0Shareholders’ equity37.2Debt to equity0.67Fiscal year 2018Cash78.0Total debt25.3Net cash (debt)52.7Shareholders’ equity79.8Debt to equity0.32Fiscal year 2019Cash159.3Total debt0.7Net cash (debt)158.6Shareholders’ equity239.5Debt to equity0.00Fiscal year 2020Cash349.4Total debt0.8Net cash (debt)348.6Shareholders’ equity421.2Debt to equity0.00Fiscal year 2021Cash173.2Total debt1.1Net cash (debt)172.1Shareholders’ equity1,096.5Debt to equity0.00Fiscal year 2022Cash154.2Total debt0.0Net cash (debt)154.2Shareholders’ equity1,075.2Debt to equity0.00Fiscal year 2023Cash216.5Shareholders’ equity1,044.1Fiscal year 2024Cash239.1Shareholders’ equity1,176.0Fiscal year 2025Cash362.6Shareholders’ equity1,309.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 59.2 33.9 78.0 159.3 349.4 173.2 154.2 216.5 239.1 362.6
Total debt 24.9 24.9 25.3 0.7 0.8 1.1 0.0 n/a n/a n/a
Net cash (debt) 34.3 9.0 52.7 158.6 348.6 172.1 154.2 n/a n/a n/a
Shareholders’ equity 59.6 37.2 79.8 239.5 421.2 1,096.5 1,075.2 1,044.1 1,176.0 1,309.6
Debt to equity 0.42 0.67 0.32 0.00 0.00 0.00 0.00 n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
65.1 72.0 92.0 120.4 117.5 219.5 296.5 361.1 445.8 517.1
Growth +10.6% +27.9% +30.8% −2.4% +86.8% +35.1% +21.8% +23.5% +16.0%
25.5 28.2 33.1 36.1 n/a n/a n/a n/a n/a n/a
n/a n/a n/a n/a n/a n/a 175.7 229.7 298.1 362.5
Growth +30.7% +29.8% +21.6%
15.3 13.9 14.8 14.9 17.2 29.8 40.6 57.3 69.3 70.8
23.8 23.1 24.0 29.0 36.7 101.4 73.2 86.2 110.6 110.8
−28.8 −26.5 −22.2 −15.1 −35.4 −81.9 −41.1 −85.8 16.1 57.8
Growth +257.9%
−31.4 −31.0 −23.0 −12.6 −34.9 −81.6 −36.4 −76.6 25.7 68.2
0.0 0.0 0.0 0.0 0.0 −6.1 0.1 −2.2 1.6 1.8
n/a n/a −23.0 −12.6 −34.9 −75.6 −36.6 −74.4 24.1 66.4
Growth +174.9%
Per share
n/a n/a n/a −0.27 −0.66 −1.11 −0.51 −1.02 0.32 0.84
n/a n/a n/a −0.27 −0.66 −1.11 −0.51 −1.02 0.31 0.82
Growth +164.5%
n/a n/a n/a 46.1 53.2 67.9 71.5 72.6 76.5 78.6
n/a n/a n/a 46.1 53.2 67.9 71.5 72.6 78.2 80.6
Growth +15.4% +27.5% +5.4% +1.5% +7.6% +3.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 34.5% a year over five years.
  • The diluted share count rose 51.3% in five years, which is dilution.
  • Operating margin is up 41.3 points on five years ago, at 11.2%.
  • A net loss in 6 of 8 years on file.