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Interpace Biosciences (IDXG) investor relations material
Interpace Biosciences Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue was $8.8M, down 29% year-over-year, primarily due to the loss of Medicare coverage for PancraGEN® and subsequent discontinuation, but with record thyroid test volumes and cash collections of $10.0M.
Net income for Q3 2025 was $0.9M, compared to $1.7M in Q3 2024; for the nine months ended September 30, 2025, net income was $1.9M, down from $4.8M in the prior year period.
The company transitioned to a thyroid-only diagnostics business, focusing on ThyGeNEXT and ThyraMIRv2 platforms.
A restructuring plan was implemented in response to the loss of PancraGEN® coverage, resulting in workforce reductions and $0.7M in severance and related costs.
Strategic investments in laboratory efficiency, AI, and automation supported operational improvements and additional principal payments on long-term debt.
Financial highlights
Gross profit for Q3 2025 was $5.4M (62% margin), down from $7.9M (64% margin) in Q3 2024, but up from $7.3M pro forma (57% margin, excluding PancraGEN).
Operating income from continuing operations for Q3 2025 was $1.1M, compared to $2.3M in Q3 2024 and a $0.1M loss pro forma.
Adjusted EBITDA for Q3 2025 was $1.3M, down from $2.5M in Q3 2024, but up from $0.1M pro forma; for the nine months ended September 30, 2025, Adjusted EBITDA was $3.7M, down from $6.5M in the prior year period.
Cash and cash equivalents as of September 30, 2025 were $1.4M; as of November 7, 2025, cash was approximately $2.1M.
Q3 cash collections totaled $10.0M, compared to $11.2M in Q3 2024 and $7.5M pro forma.
Outlook and guidance
Management anticipates that current cash and forecasted receipts will be sufficient to meet anticipated cash requirements for the next twelve months.
The company continues to explore strategic alternatives and funding options due to capital market constraints following delisting from Nasdaq.
Management expressed confidence in continued growth in revenue, profitability, and cash flow as a thyroid-only diagnostics business.
Ongoing focus on reimbursement improvements and operational efficiency expected to support future performance.
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