Verisite reset its 2027 Decipher outlook to 12 to 15 amid normalized guideline effects, fewer low-risk diagnoses and digital pathology competition. Q3 produced 27% adjusted EBITDA, over $40 million of cash and a $100 million buyback.
VCYT · Veracyte, Inc.
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Veracyte reported third-quarter revenue growth of 15% and net income growth of 65%, as testing revenue rose 15% on 13% volume growth, improved average selling price and prior-period collections.
Veracyte reported third-quarter revenue of $151.8 million, up 15% year-over-year, and narrowed 2026 revenue guidance to $590 million to $593 million. Decipher volume growth expectations reset to 12,000 to 15,000 tests, while the board authorized a $100 million repurchase program.
Veracyte reported third-quarter revenue of $151.8 million, up 15%, GAAP net income of $31.5 million and adjusted EBITDA of $41.2 million for the period ended September 30, 2026. It launched a $100 million share repurchase program and expects 2026 revenue of $590 million to $593 million.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 30, 2026TL;DR. Veracyte delivered Q2 revenue of $150.3M (+15% YoY) with adjusted EBITDA margin of 29.2%, launched Prosigna LDT and TrueMRD for MIBC, and raised full-year revenue guidance to $590–$596M (14–15% growth), though it trimmed Decipher volume expectations by ~1,000 tests in the low-risk setting due to NCCN guideline changes.
- + Q2 total revenue grew 15% to $150.3M with testing revenue up 19% to $145.7M, including Decipher +20% and Affirma +18%.
- + Raised full-year 2026 total revenue guidance to $590–$596M (14–15% growth) and testing revenue to $576–$582M (17–18% growth).
- + Q2 adjusted EBITDA margin reached 29.2%, above the long-term 25%+ target, with GAAP net income of $25.5M.
- + Launched Prosigna LDT and TrueMRD for MIBC, securing first Medicare coverage for the whole-genome TrueMRD platform.
- + Generated $45.8M of cash from operations, ending with $485.2M in cash, equivalents, and short-term investments.
- − Cut Decipher full-year volume expectations by ~1,000 tests in the low-risk setting following late-2024 NCCN guideline change.
- − Affirma's no-result-rate benefit of ~400 bps and strong PPCs create tougher year-over-year comps for 2027.
- − Biopharmaceutical and other revenue declined to $0.8M from $4.3M YoY due to Veracyte SAS restructuring/liquidation.
- − Prosigna still lacks Medicare reimbursement and its contribution is excluded from 2026 guidance.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Guidance & track record
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Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Depreciation and amortization expense | $4.84M | the three months ended June 30, 2026 filing | — |
| Diagnostic tests reported | 48,389 | the three months ended June 30, 2026 filing | — |
| Product tests sold | 2,578 | the three months ended June 30, 2026 filing | — |
| Stock-based compensation expense | $14.09M | the three months ended June 30, 2026 filing | — |
| Total test volume | 50,967 | the three months ended June 30, 2026 filing | — |
| Adjusted EBITDA non-GAAP | 86.76M | Six Months Ended June 30, 2026 | — |
| Adjusted EBITDA as a % of Revenue non-GAAP | 30% | Six Months Ended June 30, 2026 | — |
| Afirma volume | 18,600 | Q2 2026 | — |
| Decipher volume | 29,700 | Q2 2026 | — |
| Diluted earnings per share, non-GAAP non-GAAP | $1.06 | Six Months Ended June 30, 2026 | — |
| Diluted, non-GAAP non-GAAP | 81,753,292 | Six Months Ended June 30, 2026 | — |
| Non-GAAP Gross Margin non-GAAP | 75.3% | Six Months Ended June 30, 2026 | — |
| Non-GAAP Net Income non-GAAP | 86.44M | Six Months Ended June 30, 2026 | — |
| Testing volume | 48,389 | Q2 2026 | — |
| Total volume | 50,967 | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Diagnostics & Research — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
VCYT
this stock
Veracyte, Inc.
|
$1.96B | -42.2% | +16.0% | 15.8 | 11.8% |
|
TMO
Thermo Fisher Scientific Inc.
|
$259.44B | +20.8% | +14.5% | 36.9 | 1.3% |
|
DHR
Danaher Corp
|
$163.94B | +1.8% | +8.5% | 38.1 | 1.2% |
|
IDXX
Idexx Laboratories Inc
|
$55.48B | +4.1% | +10.4% | 47.5 | 3.0% |
|
A
Agilent Technologies, Inc.
|
$49.04B | +27.8% | +6.4% | 34.2 | 1.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 10, 2026
- This year
- 20
Verisite reset its 2027 Decipher outlook to 12 to 15 amid normalized guideline effects, fewer low-risk diagnoses and digital pathology competition. Q3 produced 27% adjusted EBITDA, over $40 million of cash and a $100 million buyback.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| VCYT | +0.7% | -43.6% | -45.0% | -51.4% | -42.2% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -1.9% | -42.4% | -45.5% | -51.2% | -52.8% |