Record Revenue Growth
Quarterly revenue increased 75.4% year-over-year to $255.7 million.
Genomics Revenue Surge
Genomics revenue was $193.8 million, marking an 89% year-over-year growth.
Oncology and Hereditary Testing Growth
Oncology testing grew 31% year-over-year with approximately 20% volume growth. Hereditary testing revenue was $63.5 million, with units growing by 23%.
Significant Increase in Gross Profit
Quarterly gross profit increased 99.8% year-over-year to $155.2 million.
Improvement in Adjusted EBITDA
Adjusted EBITDA improved by $27.8 million year-over-year, from negative $43.9 million to negative $16.2 million.
Major Partnership with AstraZeneca and Pathos
Announced a three-year, $200 million data and modeling license agreement with AstraZeneca and Pathos.
Increased Full Year Revenue Guidance
Full year 2025 revenue guidance increased to $1.25 billion, representing about 80% year-over-year growth.