Below are the financial statements of Veracyte, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | — | — | — |
| Testing revenue | 418.96a | 326.54a | 250.54a |
| Product revenue | 13.65a | 15.59a | 12.63a |
| Biopharmaceutical and other revenue | 13.15a | 18.92a | 33.36a |
| Total revenue | 445.76a | 361.05a | 296.54a |
| Cost of revenue | — | — | — |
| Cost of testing revenue | -114.57a | -88.91a | -75.32a |
| Cost of product revenue | -9.11a | -8.67a | -7.82a |
| Cost of biopharmaceutical and other revenue | -12.38a | -15.32a | -18.45a |
| Intangible asset amortization - cost of revenue | -11.55a | -18.46a | -19.27a |
| Total cost of revenue | -147.62a | -131.37a | -120.86a |
| Gross profit | 298.15a | 229.68a | 175.68a |
| Operating expenses | — | — | — |
| Research and development | -69.29a | -57.31a | -40.6a |
| Selling and marketing | -95.43a | -101.49a | -97.56a |
| General and administrative | -110.61a | -86.23a | -73.2a |
| Impairment of long-lived assets | -3.37a | -68.35a | -3.32a |
| Intangible asset amortization - operating expenses | -3.3a | -2.11a | -2.08a |
| Total operating expenses | -282a | -315.48a | -216.76a |
| Income (loss) from operations | 16.14a | -85.8a | -41.08a |
| Other income, net | 9.6a | 9.18a | 4.65a |
| Income (loss) before income taxes | 25.74a | -76.61a | -36.43a |
| Income tax provision (benefit) | -1.61a | -2.21a | -0.13a |
| Net income (loss) | 24.14a | -74.4a | -36.56a |
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