Exact Sciences delivered a strong third quarter in 2025, achieving record total revenue of $851 million, a 20% increase year-over-year. The company also reported a significant improvement in net loss and a substantial increase in adjusted EBITDA and free cash flow. Key to their growth was the performance of their Screening and Precision Oncology segments, alongside the launch of their new multi-cancer early detection test, Cancerguard.
Record total third quarter revenue of $851 million, marking a 20% increase year-over-year.
Net loss improved by $19 million to $20 million, or $0.10 per share.
Adjusted EBITDA increased by 37% to $135 million, with an adjusted EBITDA margin of 16%.
Generated record cash from operations of $220 million and free cash flow of $190 million, up 59% and 69% respectively.
Exact Sciences raised its full-year 2025 revenue and adjusted EBITDA guidance, reflecting strong performance and confidence in future growth.
Visualization of income flow from segment revenue to net income