MDXG (MDXG) financial statements
MDXG reported revenue of $419M in fiscal 2025, up 7.3% a year over 9 years.
Net income was $49M and the operating margin 15.3%, against 0.4% in 2016.
The diluted share count rose 33% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MDXG's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $222M | $321M | $359M | $299M | $248M | $242M | $268M | $321M | $349M | $419M |
| Cost of revenue | $31M | $35M | $36M | $43M | $39M | $40M | $48M | $55M | $60M | $73M |
| Gross profit | $191M | $286M | $323M | $256M | $209M | $202M | $220M | $267M | $289M | $346M |
| Research and development | $14M | $18M | $16M | $11M | $12M | $10M | $13M | $13M | $12M | $15M |
| Selling, general and admin | $173M | $220M | $259M | $198M | $181M | $195M | $209M | $211M | $225M | $266M |
| Operating income | $884,000 | $46M | -$4M | -$21M | -$45M | -$7M | -$15M | $37M | $59M | $64M |
| Interest expense | $339,000 | — | — | — | — | — | $5M | $7M | $4M | $2M |
| Pre-tax income | $545,000 | $45M | -$3M | -$26M | -$62M | -$12M | -$20M | $31M | $57M | $66M |
| Income tax | $155,000 | -$20M | $27M | -$5,000 | -$12M | $247,000 | $206,000 | -$37M | $15M | $18M |
| Net income | $390,000 | $65M | -$30M | -$26M | -$49M | -$10M | -$30M | $58M | $42M | $49M |
| EPS (diluted) | $0.00 | $0.56 | -$0.28 | -$0.24 | -$0.77 | -$0.15 | -$0.33 | $0.37 | $0.28 | $0.32 |
| Diluted shares | 113M | 116M | 106M | 107M | 108M | 110M | 113M | 146M | 149M | 150M |
| Gross margin | 86.0% | 89.0% | 89.9% | 85.6% | 84.2% | 83.6% | 82.0% | 83.0% | 82.8% | 82.6% |
| Operating margin | 0.4% | 14.4% | -1.1% | -7.1% | -18.3% | -2.9% | -5.5% | 11.5% | 16.9% | 15.3% |
| Net margin | 0.2% | 20.2% | -8.3% | -8.5% | -19.9% | -4.2% | -11.3% | 18.1% | 12.2% | 11.6% |
Balance sheet
Fiscal years, from MDXG's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $30M | $27M | $45M | $69M | $96M | $87M | $66M | $82M | $104M | $166M |
| Receivables | $67M | — | $0 | $32M | $35M | $40M | $43M | $54M | $56M | $76M |
| Inventory | $16M | $9M | $16M | $9M | $10M | $11M | $13M | $21M | $24M | $25M |
| Total current assets | $59M | $49M | $74M | $123M | $161M | $149M | $134M | $164M | $192M | $277M |
| Property, plant and equipment | $14M | $14M | $17M | $12M | $11M | $9M | $8M | $7M | $6M | $5M |
| Goodwill | $20M | $20M | $20M | $20M | $20M | $19M | $19M | $19M | $19M | $19M |
| Total assets | $117M | $121M | $123M | $167M | $202M | $188M | $171M | $239M | $264M | $343M |
| Total current liabilities | $61M | $46M | $72M | $67M | $59M | $42M | $44M | $46M | $46M | $64M |
| Long-term debt | — | — | $0 | $62M | $48M | $48M | $49M | $48M | $18M | $16M |
| Total liabilities | $69M | $47M | $73M | $133M | $111M | $95M | $97M | $96M | $71M | $86M |
| Shareholders' equity | $48M | $74M | $50M | $34M | -$150,000 | $82,000 | -$18M | $143M | $193M | $257M |
| Net debt | -$30M | -$27M | -$45M | -$3M | -$48M | -$39M | -$17M | -$33M | -$86M | -$148M |
Cash flow
Fiscal years, from MDXG's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $24M | $63M | $36M | -$39M | -$30M | -$2M | -$18M | $27M | $66M | $74M |
| Capital spending | — | — | — | — | — | $3M | $2M | $2M | — | — |
| Free cash flow | — | — | — | — | — | -$5M | -$19M | $25M | — | — |
| Stock-based compensation | $18M | $21M | $15M | $12M | $15M | $14M | $11M | $17M | $17M | $16M |
| Share buybacks (net) | -$10M | -$68M | -$8M | — | -$900,000 | $0 | $0 | -$10M | $0 | $0 |
| Free cash flow margin | — | — | — | — | — | -2.1% | -7.2% | 7.7% | — | — |
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What was MDXG's revenue in 2025?
$419M in fiscal 2025, from its 10-K filing.
From MDXG's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.