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GeneDx (WGS) investor relations material
GeneDx Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved Q3 2025 revenue of $116.7 million, up 52% year-over-year, with exome and genome test revenue rising 65–66% to $98.9 million.
Exome and genome test volume increased 33% year-over-year to 25,702, now representing 43% of all tests.
Adjusted gross margin expanded to 74% (from 64% in Q3 2024), and adjusted net income reached $14.7 million, marking the fifth consecutive profitable quarter.
Raised full-year 2025 revenue guidance to $425–$428 million, with exome and genome revenue growth guidance of 53–55%.
Granted FDA Breakthrough Device Designation for ExomeDx and GenomeDx tests; leadership in national genomic newborn screening initiatives.
Financial highlights
Diagnostic test revenue for Q3 2025: $113.5 million, up from $77.4 million in Q3 2024.
Adjusted gross margin: 74% in Q3 2025, up from 64% in Q3 2024; GAAP gross margin: 72%.
Adjusted net income: $14.7 million in Q3 2025; GAAP net loss: $7.6 million.
Cash, equivalents, and marketable securities totaled $156.1 million as of September 30, 2025.
Free cash flow generated: $8.8–9 million in Q3 2025.
Outlook and guidance
Full-year 2025 revenue guidance raised to $425–$428 million.
Exome and genome revenue expected to reach $358–$361 million, with 53–55% growth and at least 30% volume growth.
Adjusted gross margin guidance increased to 70–71% for 2025.
Positive adjusted net income expected each quarter and for the full year.
Management believes current liquidity is sufficient for at least twelve months from the filing date.
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