NASDAQ : BDSX
Biodesix, Inc. — Financial statements
Healthcare · Diagnostics & Research · United States
Last price 24.72 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 260.82M
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Financial statements
Biodesix, Inc. (BDSX) reported revenue of 102.94M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 102.94M | 88.50M | 71.32M | 49.09M | 38.21M | 54.51M |
| Cost of Revenue | 18.01M | 16.72M | 15.57M | 13.01M | 14.15M | 30.52M |
| Gross Profit | 84.93M | 71.78M | 55.75M | 36.08M | 24.06M | 23.99M |
| Selling, General & Admin | 93.23M | 87.55M | 80.45M | 67.39M | 61.46M | 50.52M |
| Research & Development | 12.28M | 12.00M | 9.56M | 9.99M | 13.10M | 12.79M |
| Operating Expenses | 105.51M | 99.55M | 90.01M | 77.38M | 74.56M | 63.31M |
| Operating Income | -20.58M | -27.77M | -34.26M | -41.30M | -50.51M | -39.32M |
| Interest Expense | -8.09M | -7.72M | -8.26M | -9.54M | -8.07M | -4.51M |
| Interest & Investment Income | 333.00K | |||||
| Other Non Operating Income (Expenses) | 604.00K | 324.00K | 73.00K | -1.27M | 193.00K | -9.00K |
| EBT Excluding Unusual Items | -27.74M | -35.16M | -42.45M | -52.10M | -58.38M | -43.84M |
| Asset Writedown | -25.00K | -107.00K | -238.00K | -44.00K | -81.00K | |
| Other Unusual Items | -248.00K | -6.98M | 676.00K | |||
| Pretax Income | -27.76M | -35.27M | -42.93M | -52.15M | -65.45M | -43.16M |
| Net Income | -27.76M | -35.27M | -42.93M | -52.15M | -65.45M | -43.16M |
| Net Income to Common | -27.76M | -35.27M | -42.93M | -52.15M | -65.45M | -43.16M |
| Shares Outstanding (Basic) | 8.88M | 7.55M | 6.47M | 4.11M | 2.11M | 1.37M |
| Shares Outstanding (Diluted) | 8.88M | 7.55M | 6.47M | 4.11M | 2.11M | 1.37M |
| EPS (Basic) | -3.13 | -4.67 | -6.64 | -12.70 | -31.09 | -31.54 |
| EPS (Diluted) | -3.13 | -4.67 | -6.64 | -12.70 | -31.09 | -31.54 |
| Free Cash Flow | -20.24M | -23.53M | -51.88M | -45.79M | -48.27M | -30.46M |
| Free Cash Flow Per Share | -2.28 | -3.12 | -8.02 | -11.15 | -22.93 | -22.27 |
| Gross Margin | 82.50% | 81.11% | 78.17% | 73.50% | 62.96% | 44.01% |
| Operating Margin | -19.99% | -31.37% | -48.03% | -84.13% | -132.17% | -72.14% |
| Profit Margin | -26.97% | -39.85% | -60.19% | -106.23% | -171.27% | -79.18% |
| Free Cash Flow Margin | -19.66% | -26.59% | -72.74% | -93.28% | -126.32% | -55.89% |
| EBITDA | -15.01M | -22.10M | -28.49M | -37.97M | -46.91M | -36.14M |
| EBITDA Margin | -14.58% | -24.97% | -39.94% | -77.35% | -122.76% | -66.31% |
| D&A For EBITDA | 5.58M | 5.67M | 5.77M | 3.33M | 3.60M | 3.18M |
| EBIT | -20.58M | -27.77M | -34.26M | -41.30M | -50.51M | -39.32M |
| EBIT Margin | -19.99% | -31.37% | -48.03% | -84.13% | -132.17% | -72.14% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 30.00M | 18.99M | 26.25M | 26.28M | 43.09M | 32.71M |
| Cash & Short-Term Investments | 30.00M | 18.99M | 26.25M | 26.28M | 43.09M | 32.71M |
| Receivables | 9.11M | 9.04M | 8.60M | 7.68M | 5.07M | 3.66M |
| Inventory | 1.20M | 1.30M | 1.00M | 1.40M | 1.40M | 2.90M |
| Restricted Cash | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K |
| Other Current Assets | 3.16M | 3.10M | 3.54M | 4.22M | 3.68M | 4.25M |
| Total Current Assets | 43.56M | 32.52M | 39.48M | 39.68M | 53.33M | 43.61M |
| Property, Plant & Equipment | 29.64M | 30.81M | 31.80M | 29.61M | 8.82M | 4.18M |
| Goodwill | 15.03M | 15.03M | 15.03M | 15.03M | 15.03M | 15.03M |
| Other Intangible Assets | 2.98M | 3.88M | 5.87M | 7.91M | 9.80M | 11.62M |
| Other Long-Term Assets | 4.11M | 5.23M | 5.06M | 6.86M | 5.92M | 1.66M |
| Total Assets | 95.33M | 87.48M | 97.24M | 99.10M | 92.91M | 76.10M |
| Accounts Payable | 2.16M | 3.08M | 2.19M | 2.93M | 1.69M | 1.66M |
| Accrued Expenses | 10.41M | 11.03M | 10.06M | 7.71M | 8.22M | 7.67M |
| Current Portion of Long-Term Debt | 6.00K | 21.00K | 51.00K | 49.00K | 19.00K | |
| Current Portion of Leases | 1.61M | 1.36M | 719.00K | 252.00K | 1.54M | |
| Current Unearned Revenue | 205.00K | 961.00K | 678.00K | 324.00K | 962.00K | 1.85M |
| Other Current Liabilities | 906.00K | 992.00K | 641.00K | 22.15M | 10.38M | 17.76M |
| Total Current Liabilities | 15.29M | 17.44M | 14.32M | 33.42M | 22.84M | 28.96M |
| Long-Term Debt | 46.82M | 47.45M | 36.41M | 35.23M | 25.00M | 9.99M |
| Long-Term Leases | 23.37M | 24.04M | 24.83M | 25.16M | 5.25M | |
| Long-Term Unearned Revenue | 100.00K | 100.00K | 200.00K | 300.00K | 400.00K | 800.00K |
| Other Long-Term Liabilities | 604.00K | 921.00K | 615.00K | 412.00K | 18.80M | 16.62M |
| Total Liabilities | 86.18M | 89.94M | 76.37M | 94.52M | 72.30M | 56.37M |
| Common Stock | 11.00K | 8.00K | 7.00K | 96.00K | 78.00K | 31.00K |
| Additional Paid-In Capital | 521.96M | 495.29M | 483.37M | 424.05M | 387.95M | 321.67M |
| Retained Earnings | -512.83M | -497.76M | -462.50M | -419.57M | -367.42M | -301.97M |
| Total Common Equity | 9.14M | -2.46M | 20.88M | 4.58M | 20.61M | 19.73M |
| Shareholders' Equity | 9.14M | -2.46M | 20.88M | 4.58M | 20.61M | 19.73M |
| Total Liabilities & Equity | 95.33M | 87.48M | 97.24M | 99.10M | 92.91M | 76.10M |
| Total Debt | 71.80M | 72.85M | 61.98M | 60.69M | 31.85M | 10.01M |
| Net Cash (Debt) | -41.80M | -53.87M | -35.73M | -34.41M | 11.24M | 22.70M |
| Net Cash Per Share | -4.71 | -7.13 | -5.52 | -8.38 | 5.34 | 16.59 |
| Filing Date Shares Outstanding | 10.55M | 9.86M | 7.30M | 4.85M | 3.90M | 1.57M |
| Total Common Shares Outstanding | 10.55M | 8.25M | 7.27M | 4.81M | 3.88M | 1.54M |
| Working Capital | 28.27M | 15.08M | 25.17M | 6.27M | 30.50M | 14.65M |
| Book Value Per Share | 0.87 | -0.30 | 2.87 | 0.95 | 5.31 | 12.81 |
| Tangible Book Value | -8.87M | -21.38M | -29.00K | -18.36M | -4.22M | -6.92M |
| Tangible Book Value Per Share | -0.84 | -2.59 | -0.00 | -3.82 | -1.09 | -4.50 |
| Machinery | 9.30M | 8.72M | 8.36M | 8.44M | 7.23M | 7.97M |
| Construction In Progress | 4.00K | 27.00K | 89.00K | 2.95M | 17.00K | |
| Leasehold Improvements | 28.41M | 28.27M | 28.19M | 24.71M | 2.37M | 2.34M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -27.76M | -35.27M | -42.93M | -52.15M | -65.45M | -43.16M |
| Depreciation & Amortization | 5.62M | 5.67M | 5.77M | 5.51M | 5.84M | 3.18M |
| Asset Writedown & Restructuring Costs | 25.00K | 107.00K | 238.00K | 44.00K | 81.00K | |
| Stock-Based Compensation | 4.06M | 4.14M | 6.64M | 5.37M | 5.96M | 4.94M |
| Provision & Write-off of Bad Debts | 187.00K | 180.00K | 887.00K | 497.00K | 93.00K | 193.00K |
| Other Operating Activities | 1.38M | 1.56M | 2.42M | 6.55M | 12.84M | 2.03M |
| Change in Accounts Receivable | -1.81M | -531.00K | -1.81M | -4.72M | -1.50M | 11.45M |
| Change in Accounts Payable | -117.00K | 1.86M | 1.64M | 513.00K | -773.00K | -7.42M |
| Change in Unearned Revenue | -525.00K | 174.00K | 248.00K | -755.00K | -1.21M | -1.68M |
| Change in Other Net Operating Assets | -892.00K | -1.17M | -21.74M | 16.26M | -857.00K | 2.24M |
| Operating Cash Flow | -19.83M | -23.27M | -48.65M | -22.87M | -44.97M | -28.22M |
| Capital Expenditures | -412.00K | -259.00K | -3.23M | -22.92M | -3.30M | -2.24M |
| Sale (Purchase) of Intangibles | -157.00K | -144.00K | -210.00K | -143.00K | -236.00K | -306.00K |
| Investing Cash Flow | -569.00K | -403.00K | -3.44M | -23.06M | -3.53M | -2.55M |
| Long-Term Debt Issued | 10.00M | 10.00M | 45.10M | 30.08M | ||
| Total Debt Issued | 10.00M | 10.00M | 45.10M | 30.08M | ||
| Long-Term Debt Repaid | -21.00K | -51.00K | -49.00K | -28.60M | -45.43M | |
| Net Debt Issued (Repaid) | -15.00K | 9.98M | -51.00K | 9.95M | 16.50M | -15.35M |
| Issuance of Common Stock | 31.75M | 7.82M | 56.27M | 28.86M | 60.16M | 17.44M |
| Other Financing Activities | -2.07M | -1.38M | -4.17M | -9.68M | -17.78M | -828.00K |
| Financing Cash Flow | 29.67M | 16.42M | 52.05M | 29.13M | 58.88M | 1.26M |
| Net Cash Flow | 9.27M | -7.26M | -39.00K | -16.80M | 10.38M | -29.51M |
| Free Cash Flow | -20.24M | -23.53M | -51.88M | -45.79M | -48.27M | -30.46M |
| Free Cash Flow Margin | -19.66% | -26.59% | -72.74% | -93.28% | -126.32% | -55.89% |
| Free Cash Flow Per Share | -2.28 | -3.12 | -8.02 | -11.15 | -22.93 | -22.27 |
| Levered Free Cash Flow | -10.89M | -10.57M | -36.98M | -35.24M | -35.38M | -47.25K |
| Unlevered Free Cash Flow | -5.83M | -5.75M | -31.82M | -29.28M | -30.33M | 2.77M |
| Cash Interest Paid | 6.73M | 6.40M | 7.02M | 3.99M | 1.01M | 1.68M |
| Change in Working Capital | -3.34M | 334.00K | -21.67M | 11.30M | -4.34M | 4.59M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 245.37M | 54.10M | 222.56M | 166.48M | 175.94M | 142.97M |
| Enterprise Value | 287.17M | 110.42M | 253.11M | 197.38M | 184.27M | 125.06M |
| Last Close Price | 23.25 | 6.80 | 30.60 | 36.80 | 46.00 | 105.80 |
| PS Ratio | 2.38 | 0.61 | 3.12 | 3.39 | 4.60 | 2.62 |
| PB Ratio | 26.83 | -21.95 | 10.66 | 36.35 | 8.54 | 7.25 |
| EV/Sales Ratio | 2.79 | 1.25 | 3.55 | 4.02 | 4.82 | 2.29 |
| Debt / Equity Ratio | 7.85 | -29.55 | 2.97 | 13.25 | 1.55 | 0.51 |
| Net Debt / Equity Ratio | 4.57 | -21.85 | 1.71 | 7.51 | -0.55 | -1.15 |
| Net Debt / EBITDA Ratio | -2.79 | -2.44 | -1.25 | -0.91 | 0.24 | 0.63 |
| Net Debt / FCF Ratio | -2.06 | -2.29 | -0.69 | -0.75 | 0.23 | 0.74 |
| Asset Turnover | 1.12 | 0.96 | 0.73 | 0.51 | 0.45 | 0.55 |
| Inventory Turnover | 12.86 | 14.54 | 12.98 | 9.29 | 6.58 | 10.01 |
| Quick Ratio | 2.56 | 1.61 | 2.43 | 1.02 | 2.11 | 1.26 |
| Current Ratio | 2.85 | 1.86 | 2.76 | 1.19 | 2.33 | 1.51 |
| Return on Equity (ROE) | -540.01% | -383.09% | -337.30% | -414.09% | -324.53% | -141.75% |
| Return on Assets (ROA) | -14.05% | -18.79% | -21.81% | -26.89% | -37.36% | -24.93% |
| Return on Capital Employed (ROCE) | -25.70% | -39.60% | -41.30% | -62.90% | -72.10% | -83.40% |
| Earnings Yield | -13.44% | -65.19% | -19.29% | -31.32% | -37.20% | -30.19% |
| FCF Yield | -8.25% | -43.49% | -23.31% | -27.51% | -27.44% | -21.31% |
| Buyback Yield / Dilution | -21.27% | -16.71% | -57.59% | -95.03% | -53.86% | -465.63% |