)
Veracyte (VCYT) investor relations material
Veracyte Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong double-digit revenue growth in Q4 and full year 2025, driven by Decipher and Afirma test performance, with Q4 revenue reaching $141 million (up 19%) and full-year revenue at $517 million (up 16%).
Surpassed profitability targets ahead of schedule, with adjusted EBITDA margin exceeding 27% for 2025 and Q4 margin at 30.1%.
Served nearly 170,000 patients in 2025 and over 800,000 to date, with over 45,000 patients served in Q4.
Achieved all 2025 milestones, including Decipher Metastatic launch, Afirma transition to v2 transcriptome, and significant clinical evidence generation.
Positioned for multiple product launches in 2026, including TruMRD for muscle-invasive bladder cancer and Prosigna for early-stage breast cancer.
Financial highlights
Q4 2025 revenue was $140.6–$141 million, up 19% year-over-year; testing revenue up 21% to $135.8–$136 million; total test volume ~48,000, up 16%.
Full-year 2025 revenue reached $517–$517.1 million, up 16%; testing revenue up 18% to $493.2 million.
Q4 GAAP net income: $41.1 million; full-year GAAP net income: $66.4 million; Q4 adjusted EBITDA: $42.3 million (30.1% margin); full-year adjusted EBITDA: $142.5 million (27.6% margin).
Q4 non-GAAP gross margin: 75.1%; full-year non-GAAP gross margin: 72.9%.
Ended Q4 with $412.9 million in cash and cash equivalents, up over $120 million for the year.
Outlook and guidance
2026 revenue guidance: $570–$582 million (10–13% growth); testing revenue guidance: $560–$570 million (14–16% growth), excluding new test contributions.
Adjusted EBITDA margin guidance for 2026: ~25%, with Q1 margin expected to be lower due to seasonality.
Afirma growth expected in mid to high single digits; Decipher growth projected at ~20%.
Guidance excludes PPCs; $10 million PPC headwind expected in 2026.
New product launches (TruMRD, Prosigna) not included in 2026 revenue guidance; expected to drive revenue in 2027 and beyond.
Next Veracyte earnings date
Next Veracyte earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage