Strong Revenue Growth
Veracyte reported Q1 2025 revenue of $114.5 million, an 18% year-over-year increase, driven by testing revenue growth of 19%.
Decipher's Impressive Performance
Decipher volume grew 37% year-over-year with revenue growth of 33%. The test is now expanding into the metastatic prostate cancer market.
Afirma Volume Growth
Afirma saw a 10% increase in test volume year-over-year, indicating strong demand and market penetration.
Positive Adjusted EBITDA Margin
The company achieved an adjusted EBITDA margin of 21.6%, exceeding expectations.
Advancement in New Product Launches
Veracyte is set to launch Prosigna as an LDT for the U.S. breast cancer market and progressing with its MRD platform for muscle invasive bladder cancer, aiming for a 2026 launch.