Biodesix
Uses multi-omic testing to address clinical questions in lung disease.
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Profile
Lung diagnostic testing for healthcare providers and development services for biopharmaceutical customers generate revenue. A multi-omic approach addresses clinical questions in lung disease, with testing and services performed in Colorado and Kansas.
Blood-based, multi-omic tests address clinical questions in lung disease for healthcare providers. Lung diagnostic testing is one revenue source, alongside development services for biopharmaceutical customers.
Testing and services are performed in Louisville, Colorado, and De Soto, Kansas. The portfolio grew through the Integrated Diagnostics acquisition, including rights to the Nodify XL2 test, and the acquisition of Nodify CDT.
Commercial operations pair diagnostic testing with services for biopharmaceutical companies. The business focuses on clinical care and outcomes through multi-omic diagnostics, with testing and services performed in its Louisville and De Soto laboratories.
Company facts
Key statistics
Year to date +314% · Average volume (30d) 112.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Canaccord Genuity | Reiterate | Buy | $27 | $35 | |
| Jun 24, 2026 | Roth Capital | Initiate | Buy | $32 | ||
| Jun 18, 2026 | Canaccord Genuity | Reiterate | Buy | $20 | $27 | |
| Jun 15, 2026 | H.C. Wainwright | Target | $26 | |||
| Feb 27, 2026 | William Blair | Upgrade | Market Perform | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.90 | −$0.71 | +21.3% | $26.0M | $26.9M | +3.2% | −2.99% |
| May 4, 2026Q1 FY26 | −$1.26 | −$0.81 | +35.7% | $23.1M | $25.6M | +10.5% | +32.56% |
| Feb 26, 2026Q4 FY25 | −$1.05 | −$0.49 | +53.3% | $25.7M | $28.8M | +11.8% | +7.81% |
| Nov 3, 2025Q3 FY25 | −$1.60 | −$1.16 | +27.5% | $26.3M | $21.8M | −17.1% | +19.87% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $18.0M | $20.0M | $21.8M | $28.8M | $25.6M | $26.9M | |
| Gross profit | $14.3M | $16.0M | $17.7M | $23.9M | $21.4M | $22.0M | |
| Operating income | −$9.1M | −$9.7M | −$7.0M | −$2.0M | −$6.2M | −$5.4M | |
| Net income | −$11.1M | −$11.5M | −$8.7M | −$4.0M | −$7.8M | −$7.3M | |
| Diluted EPS | −$1.51 | −$1.56 | −$1.16 | −$0.49 | −$0.81 | −$0.71 | |
| Gross margin | 79.4% | 79.9% | 81.1% | 83.0% | 83.5% | 82.1% | |
| Operating margin | -50.5% | -48.4% | -32.4% | -6.8% | -24.2% | -20.1% |
Fiscal years (4-quarter sums)FY21 $54.5M · FY22 $38.2M · FY23 $49.1M · FY24 $71.3M · FY25 $88.5M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $30.0M · Total debt $71.8M · Total assets $95.3M · Shareholders' equity $9.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 8.14M · Float 4.66M · 57.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Aigh Capital Management LLC | 758.3K | 9.32% | 13F | Apr 30, 2026 |
| Orin Hirschman | 758.3K | 7.70% | 13G | Apr 28, 2026 |
| Jack W. Schuler · 10 percent owner, other: Emeritus Director | 555.8K | 6.83% | Form 4 | Aug 13, 2026 |
| Soleus Capital Master Fund, L.P. | 525.2K | 5.10% | 13G | Jun 18, 2026 |
| Telemark Asset Management, LLC | 489.8K | 6.02% | 13F | May 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Jack W. Schuler | 10 percent owner, other: Emeritus Director | +15,000 | $24.47 |
| Aug 11, 2026 | Jack W. Schuler | 10 percent owner, other: Emeritus Director | +13,700 | $24.01 |
| Aug 10, 2026 | Jack W. Schuler | 10 percent owner, other: Emeritus Director | +13,900 | $24.25 |
| Feb 23, 2026 | Scott Hutton | director, officer: President & CEO | −1,490 | $12.78 |
| Feb 23, 2026 | Chris Vazquez | officer: Chief Accounting Officer | −211 | $12.78 |
Peers
- Guardant Health
Liquid-biopsy genomic profiling for treatment selection
- Tempus AI
Tumor profiling and molecular data services for oncology
- NeoGenomics
Oncology laboratory testing and tumor molecular profiling
- Veracyte
Genomic assessment of malignancy risk in lung nodules
- Adaptive Biotechnologies
Immune-repertoire profiling for cancer research
- Personalis
Cancer immunogenomics for biopharma research
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Biodesix | $26.83 | +0.22% | $218.4M | — | — | 2.1 | +34.2% |
| Guardant Health | $161.50 | −0.03% | $21.67B | — | — | 18.3 | +44.3% |
| Tempus AI | $63.44 | −0.89% | $11.22B | — | — | 7.8 | +21.6% |
| NeoGenomics | $18.20 | +0.86% | $463.8M | — | 64.9 | 0.6 | +11.2% |
| Veracyte | $44.20 | +2.01% | $3.46B | 31.0 | 23.9 | 6.2 | +15.5% |
| Adaptive Biotechnologies | $25.80 | +2.34% | $4.03B | — | — | 13.1 | +21.5% |
| Personalis | $17.35 | +1.57% | $1.82B | — | — | 26.2 | +30.0% |
| Median | 31.0 | 44.4 | 10.5 | +21.5% |








