NEOG (NEOG) financial statements
NEOG reported revenue of $870M in fiscal 2026, up 10.4% a year over 9 years.
Net income was -$8M and the operating margin -2.5%, against 18.1% in 2017.
Free cash flow was $32M.
The diluted share count rose 113% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NEOG's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $358M | $398M | $414M | $418M | $468M | $527M | $822M | $924M | $895M | $870M |
| Cost of revenue | $190M | $212M | $222M | $222M | $253M | $284M | $416M | $460M | $473M | $462M |
| Gross profit | $169M | $186M | $192M | $196M | $215M | $243M | $406M | $464M | $421M | $408M |
| Research and development | $10M | $11M | $13M | $15M | $16M | $17M | $26M | $22M | $21M | $18M |
| Selling, general and admin | $94M | $105M | $111M | $114M | $125M | $167M | $342M | $383M | $402M | $412M |
| Operating income | $65M | $70M | $68M | $68M | $74M | $59M | $38M | $59M | -$1.1B | -$22M |
| Interest expense | — | — | — | — | — | — | $27M | $42M | $38M | $24M |
| Pre-tax income | $67M | $73M | $73M | $72M | $75M | $60M | -$22M | -$14M | -$1.1B | -$9M |
| Income tax | $23M | $10M | $13M | $13M | $14M | $12M | $828,000 | -$5M | -$41M | -$1M |
| Net income | $44M | $63M | $60M | $59M | $61M | $48M | -$23M | -$9M | -$1.1B | -$8M |
| EPS (diluted) | $0.43 | $0.60 | $0.57 | $0.56 | $0.57 | $0.45 | -$0.12 | -$0.04 | -$5.03 | -$0.04 |
| Diluted shares | 102M | 104M | 105M | 106M | 107M | 108M | 189M | 216M | 217M | 218M |
| Gross margin | 47.1% | 46.8% | 46.3% | 46.9% | 45.9% | 46.1% | 49.4% | 50.2% | 47.1% | 46.9% |
| Operating margin | 18.1% | 17.6% | 16.4% | 16.1% | 15.8% | 11.1% | 4.6% | 6.3% | -118.6% | -2.5% |
| Net margin | 12.2% | 15.9% | 14.5% | 14.2% | 13.0% | 9.2% | -2.8% | -1.0% | -122.1% | -0.9% |
Balance sheet
Fiscal years, from NEOG's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $144M | $211M | $268M | $344M | $381M | $381M | $246M | $171M | $129M | $186M |
| Receivables | $69M | $79M | $83M | $85M | $92M | $100M | $153M | $173M | $153M | $147M |
| Inventory | $73M | $76M | $86M | $95M | $101M | $122M | $134M | $189M | $191M | $144M |
| Total current assets | $293M | $376M | $450M | $537M | $591M | $627M | $586M | $589M | $577M | $605M |
| Property, plant and equipment | $62M | $73M | $75M | $79M | $100M | $111M | $199M | $277M | $339M | $330M |
| Goodwill | $105M | $100M | $104M | $110M | $131M | $143M | $2.1B | $2.1B | $1.1B | $1.0B |
| Total assets | $528M | $618M | $696M | $797M | $920M | $993M | $4.6B | $4.5B | $3.4B | $3.3B |
| Total current liabilities | $36M | $39M | $38M | $48M | $54M | $78M | $145M | $154M | $174M | $158M |
| Long-term debt | — | — | — | — | — | $0 | $885M | $888M | $875M | $794M |
| Total liabilities | $57M | $58M | $58M | $72M | $80M | $106M | $1.4B | $1.4B | $1.4B | $1.3B |
| Shareholders' equity | $472M | $560M | $638M | $725M | $840M | $887M | $3.1B | $3.1B | $2.1B | $2.1B |
| Net debt | -$78M | -$83M | -$42M | -$66M | -$76M | -$44M | $722M | $720M | $765M | $608M |
Cash flow
Fiscal years, from NEOG's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $60M | $69M | $64M | $86M | $81M | $68M | $41M | $35M | $58M | $83M |
| Capital spending | $15M | $21M | $15M | $24M | $27M | $24M | $66M | $111M | $105M | $51M |
| Free cash flow | $46M | $48M | $49M | $62M | $54M | $44M | -$25M | -$76M | -$46M | $32M |
| Stock-based compensation | $5M | $5M | $6M | $6M | $6M | $7M | $10M | $14M | $17M | $13M |
| Share buybacks (net) | — | — | -$3M | — | — | — | — | — | — | — |
| Net borrowing | — | — | — | — | $0 | $0 | -$100M | $0 | -$100M | -$100M |
| Free cash flow margin | 12.8% | 12.1% | 11.9% | 14.8% | 11.6% | 8.3% | -3.0% | -8.2% | -5.2% | 3.7% |
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Open NEOG in InvestinglyQuestions
What was NEOG's revenue in 2026?
$870M in fiscal 2026, from its 10-K filing.
How much free cash flow does NEOG generate?
$32M in fiscal 2026 (operating cash flow minus capital spending).
From NEOG's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.