NASDAQ : CDNA
CareDx, Inc. — Financial statements
Healthcare · Diagnostics & Research · United States
Last price 71.52 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.70B
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Financial statements
CareDx, Inc. (CDNA) reported revenue of 497.40M 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 | 497.40M | 379.81M | 333.79M | 280.32M | 321.79M | 296.40M |
| Cost of Revenue | 144.39M | 123.24M | 109.70M | 102.07M | 112.21M | 97.39M |
| Gross Profit | 353.00M | 256.57M | 224.09M | 178.26M | 209.58M | 199.01M |
| Selling, General & Admin | 260.75M | 207.95M | 207.11M | 202.90M | 196.42M | 152.21M |
| Research & Development | 84.42M | 71.43M | 72.51M | 82.42M | 90.39M | 76.53M |
| Operating Expenses | 345.18M | 279.38M | 279.62M | 285.32M | 286.81M | 228.73M |
| Operating Income | 7.83M | -22.81M | -55.53M | -107.06M | -77.23M | -29.73M |
| Interest & Investment Income | 9.14M | 10.45M | 12.39M | 6.66M | 4.15M | 1.29M |
| Other Non Operating Income (Expenses) | -134.00K | 524.00K | 329.00K | 1.35M | -2.77M | -779.00K |
| EBT Excluding Unusual Items | 16.83M | -11.84M | -42.82M | -99.05M | -75.84M | -29.22M |
| Merger & Restructuring Charges | -3.70M | |||||
| Gain (Loss) on Sale of Investments | -1.27M | -1.27M | -621.00K | 5.21M | -390.00K | -2.87M |
| Asset Writedown | -2.26M | |||||
| Legal Settlements | -600.00K | -5.71M | 96.30M | -96.30M | ||
| Pretax Income | 124.22M | -21.08M | 52.86M | -190.14M | -76.23M | -32.09M |
| Income Tax Expense | -4.41M | 271.00K | 310.00K | 141.00K | 379.00K | -1.43M |
| Earnings From Continuing Operations | 128.63M | -21.35M | 52.55M | -190.28M | -76.61M | -30.66M |
| Net Income | 128.63M | -21.35M | 52.55M | -190.28M | -76.61M | -30.66M |
| Net Income to Common | 128.63M | -21.35M | 52.55M | -190.28M | -76.61M | -30.66M |
| Shares Outstanding (Basic) | 51.46M | 53.29M | 52.77M | 53.76M | 53.32M | 52.24M |
| Shares Outstanding (Diluted) | 53.48M | 53.29M | 56.62M | 53.76M | 53.32M | 52.24M |
| EPS (Basic) | 2.50 | -0.40 | 1.00 | -3.54 | -1.44 | -0.59 |
| EPS (Diluted) | 2.41 | -0.40 | 0.93 | -3.54 | -1.44 | -0.59 |
| Free Cash Flow | 59.76M | 36.12M | 31.56M | -26.73M | -46.47M | -32.85M |
| Free Cash Flow Per Share | 1.12 | 0.68 | 0.56 | -0.50 | -0.87 | -0.63 |
| Gross Margin | 70.97% | 67.55% | 67.14% | 63.59% | 65.13% | 67.14% |
| Operating Margin | 1.57% | -6.01% | -16.64% | -38.19% | -24.00% | -10.03% |
| Profit Margin | 25.86% | -5.62% | 15.74% | -67.88% | -23.81% | -10.35% |
| Free Cash Flow Margin | 12.01% | 9.51% | 9.46% | -9.54% | -14.44% | -11.08% |
| EBITDA | 25.62M | -7.79M | -41.34M | -92.68M | -65.64M | -20.93M |
| EBITDA Margin | 5.15% | -2.05% | -12.38% | -33.06% | -20.40% | -7.06% |
| D&A For EBITDA | 17.80M | 15.02M | 14.19M | 14.39M | 11.60M | 8.80M |
| EBIT | 7.83M | -22.81M | -55.53M | -107.06M | -77.23M | -29.73M |
| EBIT Margin | 1.57% | -6.01% | -16.64% | -38.19% | -24.00% | -10.03% |
| Effective Tax Rate | 0.59% | |||||
| Revenue as Reported | 497.40M | 379.81M | 333.79M | 280.32M | 321.79M | 296.40M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 250.48M | 65.43M | 114.69M | 82.20M | 89.92M | 348.49M |
| Short-Term Investments | 111.78M | 145.96M | 153.22M | 203.17M | ||
| Cash & Short-Term Investments | 250.48M | 177.21M | 260.65M | 235.42M | 293.09M | 348.49M |
| Receivables | 47.73M | 42.63M | 64.61M | 51.06M | 66.31M | 59.76M |
| Inventory | 9.14M | 26.70M | 19.50M | 19.47M | 19.23M | 17.19M |
| Prepaid Expenses | 13.94M | 10.59M | 7.07M | 7.76M | 9.22M | 7.93M |
| Total Current Assets | 321.30M | 257.13M | 351.83M | 313.71M | 387.85M | 433.36M |
| Property, Plant & Equipment | 50.55M | 55.73M | 57.89M | 65.14M | 70.22M | 40.04M |
| Long-Term Investments | 24.16M | 2.08M | ||||
| Goodwill | 121.71M | 40.34M | 40.34M | 40.34M | 37.52M | 36.98M |
| Other Intangible Assets | 139.78M | 31.96M | 38.18M | 45.70M | 43.05M | 50.20M |
| Other Long-Term Assets | 8.12M | 3.90M | 2.81M | 1.94M | 2.27M | 6.05M |
| Total Assets | 641.46M | 413.23M | 491.05M | 466.83M | 542.99M | 566.62M |
| Accounts Payable | 10.81M | 9.99M | 7.69M | 12.87M | 9.94M | 13.34M |
| Accrued Expenses | 66.02M | 65.19M | 70.73M | 47.97M | 50.70M | 49.07M |
| Current Portion of Leases | 8.69M | 6.51M | 6.10M | 5.94M | 5.59M | 3.96M |
| Current Unearned Revenue | 6.95M | 4.65M | 4.85M | 4.75M | 5.34M | 4.21M |
| Other Current Liabilities | 46.52M | 3.50M | 6.54M | 4.40M | 6.73M | |
| Total Current Liabilities | 138.97M | 89.85M | 89.37M | 78.07M | 75.97M | 77.30M |
| Long-Term Leases | 20.32M | 19.68M | 22.26M | 28.28M | 33.41M | 17.39M |
| Long-Term Deferred Tax Liabilities | 536.00K | 181.00K | 164.00K | 136.00K | 415.00K | |
| Other Long-Term Liabilities | 14.17M | 418.00K | 819.00K | 99.01M | 2.70M | 5.63M |
| Total Liabilities | 174.00M | 110.13M | 112.62M | 205.50M | 112.08M | 100.75M |
| Common Stock | 52.00K | 50.00K | 51.00K | 49.00K | 52.00K | 52.00K |
| Additional Paid-In Capital | 953.56M | 1.04B | 1.01B | 946.51M | 898.81M | 853.68M |
| Retained Earnings | -486.15M | -735.36M | -626.24M | -678.27M | -460.44M | -383.19M |
| Comprehensive Income & Other | -5.51M | -8.57M | -6.96M | -7.50M | -4.67M | |
| Total Common Equity | 467.46M | 303.10M | 378.43M | 261.33M | 430.91M | 465.88M |
| Shareholders' Equity | 467.46M | 303.10M | 378.43M | 261.33M | 430.91M | 465.88M |
| Total Liabilities & Equity | 641.46M | 413.23M | 491.05M | 466.83M | 542.99M | 566.62M |
| Total Debt | 29.00M | 26.19M | 28.37M | 34.22M | 39.00M | 21.35M |
| Net Cash (Debt) | 221.48M | 175.18M | 232.29M | 201.20M | 256.17M | 327.13M |
| Net Cash Per Share | 4.14 | 3.29 | 4.10 | 3.74 | 4.80 | 6.26 |
| Filing Date Shares Outstanding | 52.54M | 51.22M | 55.43M | 51.78M | 53.67M | 53.03M |
| Total Common Shares Outstanding | 52.46M | 50.92M | 54.77M | 51.50M | 53.53M | 52.92M |
| Working Capital | 182.32M | 167.28M | 262.46M | 235.64M | 311.87M | 356.06M |
| Book Value Per Share | 8.91 | 5.95 | 6.91 | 5.07 | 8.05 | 8.80 |
| Tangible Book Value | 205.97M | 230.81M | 299.91M | 175.29M | 350.34M | 378.70M |
| Tangible Book Value Per Share | 3.93 | 4.53 | 5.48 | 3.40 | 6.54 | 7.16 |
| Machinery | 22.36M | 26.61M | 25.83M | 24.03M | 18.49M | |
| Construction In Progress | 8.28M | 11.94M | 8.31M | 7.64M | 10.93M | |
| Leasehold Improvements | 18.17M | 18.11M | 18.26M | 17.39M | 8.47M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 128.63M | -21.35M | 52.55M | -190.28M | -76.61M | -30.66M |
| Depreciation & Amortization | 23.69M | 20.42M | 19.76M | 19.82M | 16.01M | 11.88M |
| Loss (Gain) From Sale of Assets | -112.71M | 48.00K | 91.00K | 44.00K | ||
| Asset Writedown & Restructuring Costs | 2.26M | 1.00M | 840.00K | 2.44M | ||
| Loss (Gain) From Sale of Investments | 1.19M | 1.27M | 621.00K | -5.21M | 1.57M | 2.87M |
| Stock-Based Compensation | 38.20M | 34.86M | 66.41M | 49.09M | 46.55M | 36.08M |
| Other Operating Activities | -9.24M | 703.00K | 931.00K | 558.00K | 620.00K | -937.00K |
| Change in Accounts Receivable | -3.71M | 22.52M | -13.74M | 16.02M | -6.66M | -24.42M |
| Change in Inventory | 3.12M | -4.96M | -1.02M | 54.00K | -2.86M | -6.93M |
| Change in Accounts Payable | -193.00K | 808.00K | -5.11M | 2.90M | -2.05M | 1.79M |
| Change in Unearned Revenue | 1.40M | -20.50M | ||||
| Change in Other Net Operating Assets | -1.38M | -14.56M | -82.25M | 87.06M | -2.43M | 10.46M |
| Operating Cash Flow | 69.02M | 42.03M | 38.05M | -18.39M | -25.24M | -19.29M |
| Capital Expenditures | -9.26M | -5.91M | -6.48M | -8.34M | -21.23M | -13.56M |
| Cash Acquisitions | -145.77M | -6.68M | -610.00K | -15.43M | ||
| Sale (Purchase) of Intangibles | -675.00K | -896.00K | -3.10M | -6.70M | ||
| Investment in Securities | 99.09M | 8.75M | 6.00M | 56.37M | -203.56M | 83.41M |
| Investing Cash Flow | 108.85M | 2.16M | -483.00K | 40.45M | -228.50M | 47.71M |
| Long-Term Debt Repaid | -66.00K | |||||
| Total Debt Repaid | -66.00K | |||||
| Net Debt Issued (Repaid) | -66.00K | |||||
| Issuance of Common Stock | 22.73M | 8.00M | 10.33M | 1.62M | 4.67M | 203.77M |
| Repurchase of Common Stock | -39.20M | -99.89M | -10.61M | -30.60M | -6.58M | -18.07M |
| Other Financing Activities | -1.50M | -1.50M | -5.33M | -625.00K | -2.62M | |
| Financing Cash Flow | -17.97M | -93.39M | -5.61M | -29.61M | -4.54M | 185.64M |
| Foreign Exchange Rate Adjustments | 10.00K | -90.00K | 532.00K | -112.00K | 23.00K | -303.00K |
| Net Cash Flow | 159.90M | -49.29M | 32.49M | -7.66M | -258.25M | 213.76M |
| Free Cash Flow | 59.76M | 36.12M | 31.56M | -26.73M | -46.47M | -32.85M |
| Free Cash Flow Margin | 12.01% | 9.51% | 9.46% | -9.54% | -14.44% | -11.08% |
| Free Cash Flow Per Share | 1.12 | 0.68 | 0.56 | -0.50 | -0.87 | -0.63 |
| Levered Free Cash Flow | 130.45M | 45.75M | 43.22M | 10.97M | -18.00M | -21.19M |
| Unlevered Free Cash Flow | 130.45M | 45.75M | 43.22M | 10.97M | -18.00M | -21.19M |
| Cash Interest Paid | 8.00K | 1.00K | ||||
| Cash Income Tax Paid | 284.00K | 284.00K | 317.00K | 738.00K | 392.00K | 14.00K |
| Change in Working Capital | -752.00K | 3.82M | -102.31M | 106.59M | -14.22M | -40.97M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.51B | 968.99M | 1.15B | 649.18M | 610.86M | 2.40B |
| Enterprise Value | 4.29B | 802.42M | 937.41M | 415.21M | 356.46M | 2.05B |
| Last Close Price | 85.88 | 18.84 | 21.41 | 12.00 | 11.41 | 45.48 |
| PE Ratio | 35.62 | 21.85 | ||||
| Forward PE | 58.16 | 21.25 | 51.38 | 202.04 | 202.04 | 180.12 |
| PS Ratio | 9.07 | 2.55 | 3.44 | 2.32 | 1.90 | 8.10 |
| PB Ratio | 9.64 | 3.20 | 3.03 | 2.48 | 1.42 | 5.16 |
| P/TBV Ratio | 21.91 | 4.20 | 3.83 | 3.70 | 1.74 | 6.34 |
| P/FCF Ratio | 75.51 | 26.83 | 36.38 | |||
| P/OCF Ratio | 65.38 | 23.05 | 30.18 | |||
| PEG Ratio | 6.97 | 6.97 | 6.97 | 6.97 | 6.97 | |
| EV/Sales Ratio | 8.63 | 2.11 | 2.81 | 1.48 | 1.11 | 6.93 |
| EV/FCF Ratio | 71.81 | 22.22 | 29.70 | |||
| Debt / Equity Ratio | 0.06 | 0.09 | 0.07 | 0.13 | 0.09 | 0.05 |
| Debt / FCF Ratio | 0.48 | 0.72 | 0.90 | |||
| Net Debt / Equity Ratio | -0.47 | -0.58 | -0.61 | -0.77 | -0.59 | -0.70 |
| Net Debt / EBITDA Ratio | -8.64 | 22.47 | 5.62 | 2.17 | 3.90 | 15.63 |
| Net Debt / FCF Ratio | -3.71 | -4.85 | -7.36 | 7.53 | 5.51 | 9.96 |
| Asset Turnover | 0.93 | 0.84 | 0.70 | 0.56 | 0.58 | 0.63 |
| Inventory Turnover | 7.71 | 5.33 | 5.63 | 5.27 | 6.16 | 7.16 |
| Quick Ratio | 2.15 | 2.45 | 3.64 | 3.67 | 4.73 | 5.28 |
| Current Ratio | 2.31 | 2.86 | 3.94 | 4.02 | 5.11 | 5.61 |
| Return on Equity (ROE) | 33.04% | -6.27% | 16.43% | -54.98% | -17.09% | -8.25% |
| Return on Assets (ROA) | 0.91% | -3.15% | -7.25% | -13.25% | -8.70% | -3.97% |
| Return on Invested Capital (ROIC) | 4.93% | -15.30% | -53.53% | -90.37% | -48.95% | -28.34% |
| Return on Capital Employed (ROCE) | 1.60% | -7.10% | -13.80% | -27.50% | -16.50% | -6.10% |
| Earnings Yield | 2.81% | -2.20% | 4.58% | -29.31% | -12.54% | -1.28% |
| FCF Yield | 1.32% | 3.73% | 2.75% | -4.12% | -7.61% | -1.37% |
| Buyback Yield / Dilution | 7.68% | 5.89% | -5.31% | -0.83% | -2.07% | -12.39% |