Revenue Growth
Third quarter total revenue was $21.8 million, a 20% increase over the prior year. Lung diagnostic testing revenue for the third quarter of 2025 was $19.8 million, representing 13% growth in test volumes and 16% growth in revenue.
Improved Gross Margins
Gross margin percentage in the third quarter of 2025 was 81%, up 400 basis points from 77% in the third quarter of 2024.
Adjusted EBITDA Improvement
Adjusted EBITDA was a loss of $4.6 million, an improvement of 18% year-over-year and 36% over the second quarter.
Development Services Growth
Development services revenue was $1.9 million in the quarter, representing 97% year-over-year growth.
Expansion of Sales Force
The company increased its sales force to an average of 85 sales reps in the field, with plans for further expansion to 93-97 reps in the fourth quarter.
Progress in Lung Diagnostics
Nodify Lung testing saw increased adoption, with primary care test orders growing 75% over the third quarter of '24. Digital ordering increased by 43% over last year.
Pipeline and Partnerships
Biodesix expanded its product development partnership with Bio-Rad Laboratories and presented multiple studies supporting its product pipeline.
Increased Revenue Guidance
The company increased its full-year 2025 revenue guidance to $84 million to $86 million.