NeoGenomics delivered a strong third quarter in 2025, with total revenue reaching a record $188 million, an increase of 12% year-over-year. This growth was primarily fueled by an 18% expansion in clinical revenue, with NGS revenue notably increasing by 24% and now constituting nearly one-third of clinical revenue. Despite a 53% increase in net loss to $27 million, the company achieved a positive adjusted EBITDA of $12.2 million, although this was a 9% decline from the prior year. The company reaffirmed its full-year guidance for revenue, net loss, and adjusted EBITDA, indicating confidence in its core business and long-term growth initiatives.
Total revenue increased by 12% year-over-year to a record $188 million, driven by strong clinical business performance.
Clinical revenue grew by 18%, with Next-Generation Sequencing (NGS) revenue increasing by 24% and comprising nearly one-third of clinical revenue.
Net loss for the quarter increased by 53% to $27 million, compared to a net loss of $18 million in the prior year.
Adjusted EBITDA was positive $12.2 million, representing a 9% decrease from the third quarter of 2024, while adjusted gross profit margin was 45.5%.
NeoGenomics re-affirmed its full-year 2025 financial guidance, anticipating continued growth in clinical volumes, including NGS testing, to drive performance in the fourth quarter and position the company for increased momentum in 2026.
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