NEO (NEO) financial statements
NEO reported revenue of $727M in fiscal 2025, up 13.5% a year over 9 years.
Net income was -$108M and the operating margin -15.9%, against 0.9% in 2016.
Free cash flow was -$22M.
The diluted share count rose 65% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NEO's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $232M | $240M | $277M | $409M | $444M | $484M | $510M | $592M | $661M | $727M |
| Cost of revenue | $134M | $138M | $149M | $212M | $259M | $297M | $322M | $347M | $370M | $413M |
| Gross profit | $98M | $102M | $127M | $197M | $186M | $187M | $188M | $245M | $290M | $314M |
| Research and development | $5M | $4M | $3M | $8M | $8M | $22M | $30M | $27M | $31M | $37M |
| Selling, general and admin | $88M | $94M | $114M | $175M | $192M | $284M | $311M | $314M | $344M | $365M |
| Operating income | $2M | $3M | $10M | $13M | -$14M | -$119M | -$158M | -$108M | -$92M | -$116M |
| Interest expense | $10M | $6M | $6M | $4M | $7M | $8M | $8M | $7M | $7M | $4M |
| Pre-tax income | -$8M | -$3M | $4M | $4M | -$14M | -$15M | -$159M | -$97M | -$81M | -$110M |
| Income tax | -$2M | -$2M | $1M | -$4M | -$18M | -$7M | -$15M | -$9M | -$2M | -$2M |
| Net income | -$6M | -$396,000 | $3M | $8M | $4M | -$8M | -$144M | -$88M | -$79M | -$108M |
| Diluted shares | 78M | 79M | 92M | 104M | 112M | 120M | 124M | 126M | 127M | 128M |
| Gross margin | 42.3% | 42.4% | 46.0% | 48.1% | 41.8% | 38.6% | 36.9% | 41.3% | 43.9% | 43.2% |
| Operating margin | 0.9% | 1.2% | 3.6% | 3.2% | -3.1% | -24.5% | -30.9% | -18.2% | -13.9% | -15.9% |
| Net margin | -2.6% | -0.2% | 1.0% | 2.0% | 0.9% | -1.7% | -28.3% | -14.9% | -11.9% | -14.9% |
Balance sheet
Fiscal years, from NEO's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $13M | $13M | $10M | $173M | $296M | $515M | $263M | $342M | $367M | $160M |
| Receivables | $56M | $60M | $77M | $94M | $107M | $112M | $120M | $131M | $151M | $159M |
| Inventory | $6M | $7M | $9M | $14M | $30M | $23M | $24M | $24M | $27M | $29M |
| Total current assets | $79M | $86M | $104M | $291M | $449M | $682M | $605M | $597M | $596M | $376M |
| Property, plant and equipment | $34M | $37M | $61M | $64M | $86M | $109M | $102M | $92M | $94M | $85M |
| Goodwill | $147M | $147M | $198M | $199M | $211M | $527M | $523M | $523M | $523M | $524M |
| Total assets | $337M | $344M | $505M | $710M | $988M | $1.9B | $1.7B | $1.7B | $1.6B | $1.4B |
| Total current liabilities | $38M | $36M | $61M | $64M | $73M | $87M | $90M | $96M | $301M | $88M |
| Long-term debt | $92M | $91M | $93M | $95M | $169M | $533M | $535M | $538M | $340M | $342M |
| Total liabilities | $151M | $140M | $185M | $202M | $294M | $762M | $742M | $740M | $736M | $523M |
| Shareholders' equity | $162M | $172M | $320M | $507M | $694M | $1.1B | $998M | $942M | $902M | $837M |
| Net debt | $83M | $82M | $91M | -$73M | -$60M | $216M | $272M | $196M | $174M | $182M |
Cash flow
Fiscal years, from NEO's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $21M | $18M | $45M | $23M | $1M | -$27M | -$66M | -$2M | $7M | $5M |
| Capital spending | $8M | $14M | $14M | $20M | $29M | $64M | $31M | $29M | $41M | $27M |
| Free cash flow | $14M | $4M | $30M | $3M | -$28M | -$91M | -$97M | -$31M | -$34M | -$22M |
| Stock-based compensation | $5M | $6M | $7M | $10M | $10M | $22M | $25M | $25M | $33M | $41M |
| Free cash flow margin | 6.0% | 1.8% | 11.0% | 0.8% | -6.2% | -18.8% | -19.0% | -5.2% | -5.2% | -3.0% |
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Open NEO in InvestinglyQuestions
What was NEO's revenue in 2025?
$727M in fiscal 2025, from its 10-K filing.
How much free cash flow does NEO generate?
-$22M in fiscal 2025 (operating cash flow minus capital spending).
From NEO's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.