Veracyte (VCYT)


Market Price (9/5/2026): $42.75 | Market Cap: $3.4 BilSector: Health Care | Industry: Health Care Services

Veracyte (VCYT)


Market Price (9/5/2026): $42.75
Market Cap: $3.4 Bil
Sector: Health Care
Industry: Health Care Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 30%

Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, Precision Medicine, and Aging Population & Chronic Disease. Themes include Advanced Diagnostics, Show more.

Weak multi-year price returns
2Y Excs Rtn is -1.8%, 3Y Excs Rtn is -10%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 29x, P/EPrice/Earnings or Price/(Net Income) is 30x

Key risks
VCYT key risks include [1] the ability to successfully commercialize and achieve widespread market acceptance for its diagnostic tests, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 30%
2 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, Precision Medicine, and Aging Population & Chronic Disease. Themes include Advanced Diagnostics, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -1.8%, 3Y Excs Rtn is -10%
4 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 29x, P/EPrice/Earnings or Price/(Net Income) is 30x
5 Key risks
VCYT key risks include [1] the ability to successfully commercialize and achieve widespread market acceptance for its diagnostic tests, Show more.

VCYT in ETFs

Weight = VCYT's share of each fund

VTI0.01%
ITOT0.00%
IWM0.11%
IJR0.18%
VB0.05%
ARKK0.70%
XBI0.60%
SLYG0.41%
+15 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/1/2026

Veracyte (VCYT) stock has lost about 10% since 5/31/2026 because of the following key factors:

1. Analyst downgrades and price target reductions contributed to negative sentiment.

During the period, Canaccord Genuity Group lowered its price target for Veracyte (VCYT) from $60.00 to $50.00 and issued a "hold" rating on August 3, 2026. Additionally, Weiss Ratings downgraded Veracyte from a "hold (c+)" to a "hold (c)" on August 24, 2026.

2. Persistent investor concerns regarding the company's valuation tempered positive financial results.

Despite Veracyte reporting strong financial performance in fiscal Q2 2026, with revenue up 15.5% year-over-year to $150.32 million and an EPS of $0.54 beating estimates, analysts and financial narratives highlighted the stock's premium valuation relative to its peers. For instance, as of August 10, 2026, Veracyte traded at an EV/EBITDA of 21.5, notably higher than the sector median of 15.2, indicating potential overvaluation concerns that could lead to a stock re-pricing if performance did not exceed already high expectations.

Show more
Updated on 9/1/2026

Veracyte (VCYT) stock has lost about 10% since 5/31/2026 because of the following key factors:

1. Analyst downgrades and price target reductions contributed to negative sentiment.

During the period, Canaccord Genuity Group lowered its price target for Veracyte (VCYT) from $60.00 to $50.00 and issued a "hold" rating on August 3, 2026. Additionally, Weiss Ratings downgraded Veracyte from a "hold (c+)" to a "hold (c)" on August 24, 2026.

2. Persistent investor concerns regarding the company's valuation tempered positive financial results.

Despite Veracyte reporting strong financial performance in fiscal Q2 2026, with revenue up 15.5% year-over-year to $150.32 million and an EPS of $0.54 beating estimates, analysts and financial narratives highlighted the stock's premium valuation relative to its peers. For instance, as of August 10, 2026, Veracyte traded at an EV/EBITDA of 21.5, notably higher than the sector median of 15.2, indicating potential overvaluation concerns that could lead to a stock re-pricing if performance did not exceed already high expectations.

3. Underlying risks related to product concentration and potential reimbursement pressures continued to weigh on investor confidence.

Even with the commercial launches of the Prosigna Breast Test as a U.S. Laboratory Developed Test (LDT) by June 2026 and the TrueMRD monitoring test in fiscal Q2 2026, investors remained cautious due to Veracyte's reliance on its two flagship assets, Decipher and Afirma. Analysts and financial discussions consistently noted the "key risk around reimbursement pressure and policy changes" which could impact margins and revenue visibility, thereby limiting sustained upside despite positive operational developments and raised full-year 2026 revenue guidance.

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Stock Movement Drivers

Fundamental Drivers

The -8.2% change in VCYT stock from 5/31/2026 to 9/4/2026 was primarily driven by a -29.1% change in the company's P/E Multiple.
(LTM values as of)53120269042026Change
Stock Price ($)46.3442.53-8.2%
Change Contribution By: 
Total Revenues ($ Mil)5425623.7%
Net Income Margin (%)16.2%20.4%25.4%
P/E Multiple41.929.7-29.1%
Shares Outstanding (Mil)8080-0.5%
Cumulative Contribution-8.2%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/4/2026
ReturnCorrelation
VCYT-8.2% 
Market (SPY)1.8%10.6%
Sector (XLV)14.7%13.8%

Fundamental Drivers

The 16.2% change in VCYT stock from 2/28/2026 to 9/4/2026 was primarily driven by a 58.8% change in the company's Net Income Margin (%).
(LTM values as of)22820269042026Change
Stock Price ($)36.5942.5316.2%
Change Contribution By: 
Total Revenues ($ Mil)5175628.7%
Net Income Margin (%)12.8%20.4%58.8%
P/E Multiple43.729.7-32.0%
Shares Outstanding (Mil)7980-1.0%
Cumulative Contribution16.2%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/4/2026
ReturnCorrelation
VCYT16.2% 
Market (SPY)12.6%30.8%
Sector (XLV)7.5%21.8%

Fundamental Drivers

The 40.2% change in VCYT stock from 8/31/2025 to 9/4/2026 was primarily driven by a 270.7% change in the company's Net Income Margin (%).
(LTM values as of)83120259042026Change
Stock Price ($)30.3442.5340.2%
Change Contribution By: 
Total Revenues ($ Mil)47956217.3%
Net Income Margin (%)5.5%20.4%270.7%
P/E Multiple90.329.7-67.1%
Shares Outstanding (Mil)7880-2.0%
Cumulative Contribution40.2%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/4/2026
ReturnCorrelation
VCYT40.2% 
Market (SPY)20.4%29.8%
Sector (XLV)26.4%23.8%

Fundamental Drivers

The 61.1% change in VCYT stock from 8/31/2023 to 9/4/2026 was primarily driven by a 71.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)83120239042026Change
Stock Price ($)26.4042.5361.1%
Change Contribution By: 
Total Revenues ($ Mil)32956271.0%
P/S Multiple5.86.14.0%
Shares Outstanding (Mil)7280-9.4%
Cumulative Contribution61.1%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/4/2026
ReturnCorrelation
VCYT61.1% 
Market (SPY)77.1%39.3%
Sector (XLV)34.7%30.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
VCYT Return-16%-42%16%44%6%6%-9%
Peers Return12%-11%-11%-1%28%83%106%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
VCYT Win Rate50%33%50%50%58%44% 
Peers Win Rate52%48%38%52%55%64% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
VCYT Max Drawdown-60%-64%-34%-35%-50%-34% 
Peers Max Drawdown-34%-37%-34%-33%-39%-23% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: BTSG, BDSX, CVS, CI, LH. See VCYT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/4/2026 (YTD)

How Low Can It Go

EventVCYTS&P 500
2025 US Tariff Shock
  % Loss-37.2%-18.8%
  % Gain to Breakeven59.3%23.1%
  Time to Breakeven145 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-30.9%-9.5%
  % Gain to Breakeven44.7%10.5%
  Time to Breakeven53 days24 days
2023 SVB Regional Banking Crisis
  % Loss-18.1%-6.7%
  % Gain to Breakeven22.1%7.1%
  Time to Breakeven55 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-64.0%-24.5%
  % Gain to Breakeven177.7%32.4%
  Time to Breakeven768 days427 days
2020 COVID-19 Crash
  % Loss-39.7%-33.7%
  % Gain to Breakeven65.8%50.9%
  Time to Breakeven42 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-18.1%-3.7%
  % Gain to Breakeven22.1%3.9%
  Time to Breakeven15 days6 days

Compare to ADUS, CVS, CI, DGX, LH

In The Past

Veracyte's stock fell -37.2% during the 2025 US Tariff Shock. Such a loss loss requires a 59.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventVCYTS&P 500
2025 US Tariff Shock
  % Loss-37.2%-18.8%
  % Gain to Breakeven59.3%23.1%
  Time to Breakeven145 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-30.9%-9.5%
  % Gain to Breakeven44.7%10.5%
  Time to Breakeven53 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-64.0%-24.5%
  % Gain to Breakeven177.7%32.4%
  Time to Breakeven768 days427 days
2020 COVID-19 Crash
  % Loss-39.7%-33.7%
  % Gain to Breakeven65.8%50.9%
  Time to Breakeven42 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-49.7%-12.2%
  % Gain to Breakeven98.9%13.9%
  Time to Breakeven527 days62 days
2014-2016 Oil Price Collapse
  % Loss-62.7%-6.8%
  % Gain to Breakeven167.8%7.3%
  Time to Breakeven1066 days15 days

Compare to ADUS, CVS, CI, DGX, LH

In The Past

Veracyte's stock fell -37.2% during the 2025 US Tariff Shock. Such a loss loss requires a 59.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Veracyte (VCYT)

Veracyte, Inc. (VCYT) is a global diagnostics company specializing in advanced genomic testing. Its core business involves developing and commercializing sophisticated diagnostic assays that help physicians make more precise and informed decisions for patients facing various cancers and interstitial lung diseases. By leveraging genomic sequencing and classifier technologies, Veracyte aims to improve patient outcomes, often by helping to avoid unnecessary invasive procedures or by guiding optimal treatment pathways.

The company offers a comprehensive portfolio of diagnostic products. Key among these are the Afirma Genomic Sequencing Classifier and Xpression Atlas, used to determine if indeterminate thyroid nodules are benign, potentially preventing unnecessary surgeries. For prostate cancer, Veracyte provides Decipher Prostate Biopsy and Radical Prostatectomy tests, while the Prosigna Breast Cancer Assay assists in breast cancer diagnosis. Other significant offerings include the Percepta Genomic Sequencing Classifier and Nasal Swab Test for lung cancer, the Envisia Genomic Classifier for diagnosing interstitial lung disease, including idiopathic pulmonary fibrosis, and the Immunoscore Colon Cancer test.

Veracyte's primary customers are healthcare providers worldwide, including oncologists, pulmonologists, endocrinologists, and other medical specialists. These professionals utilize Veracyte's tests to diagnose diseases, predict prognosis, and inform personalized treatment strategies for their patients. By delivering highly accurate and specific genomic insights, Veracyte empowers clinicians and patients to make more confident medical decisions across a range of challenging conditions, ultimately striving to enhance patient care and optimize healthcare resource utilization.

AI Analysis | Feedback

  • Veracyte is like Exact Sciences, but with a broader portfolio of genomic tests for clarifying various cancer and lung disease diagnoses.
  • Veracyte is like Guardant Health, but offering genomic classifiers for various cancers and lung diseases to guide diagnosis and treatment.

AI Analysis | Feedback

  • Afirma Genomic Sequencing Classifier and Xpression Atlas: Tests used to determine if indeterminate thyroid nodule results are benign to avoid unnecessary surgery.
  • Decipher Prostate Biopsy and Radical Prostatectomy: Diagnostic tests utilized for prostate cancer.
  • Prosigna Breast Cancer Assay: A diagnostic test for breast cancer.
  • Percepta Genomic Sequencing Classifier and Percepta Nasal Swab Test: Diagnostic tests used for lung cancer.
  • Envisia Genomic Classifier: A diagnostic test for interstitial lung disease, including idiopathic pulmonary fibrosis.
  • Immunoscore Colon Cancer test: A diagnostic test for colon cancer.

AI Analysis | Feedback

Veracyte (VCYT) operates as a diagnostics company, providing tests primarily through healthcare channels. While their services ultimately benefit individual patients, the direct transactional relationships involve various stakeholders within the healthcare ecosystem. Given the information provided, Veracyte does not list specific "customer companies" that purchase their diagnostic tests in the manner of a reseller or a large corporate client acquiring their products for internal use or integration.

Instead, Veracyte's business model involves serving multiple categories of customers within the healthcare sector. Therefore, its primary customer categories can be described as follows:

  • Healthcare Providers and Institutions: This category includes hospitals, specialized clinics (such as oncology, pulmonology, urology, and endocrinology clinics), and individual physician practices. These entities are the direct clients who order Veracyte's diagnostic tests for their patients to aid in diagnosis and treatment planning.

  • Patients: While patients do not directly purchase tests from Veracyte, they are the ultimate recipients and beneficiaries of the diagnostic services. The tests provide critical information for their health management and treatment decisions, making them a core, albeit indirect, customer group.

  • Payers (Insurance Companies and Government Healthcare Programs): These organizations, including private health insurance companies and government programs like Medicare and Medicaid, are crucial stakeholders. They reimburse for Veracyte's diagnostic tests, thereby facilitating patient access and representing a significant component of Veracyte's revenue cycle.

AI Analysis | Feedback

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AI Analysis | Feedback

Marc Stapley, Chief Executive Officer

Marc Stapley joined Veracyte as CEO in June 2021. Prior to Veracyte, he served as Chairman and CEO of Helix, a population genomics company, from April 2019 to May 2021, where he led the company in building one of the largest COVID-19 testing labs in the United States. Before Helix, Mr. Stapley held key executive leadership positions at Illumina, a global leader in DNA sequencing, for seven years (2012-2019), including Chief Financial Officer, Chief Administrative Officer, and Executive Vice President. He also served as Senior Vice President of Finance at Pfizer Inc., responsible for global financial processes and systems and leading integration efforts for key acquisitions. Earlier in his career, he held senior finance roles at Alcatel-Lucent, Cadence Design Systems, Inc., and Coopers & Lybrand (now PwC).

Rebecca Chambers, Chief Financial Officer

Rebecca Chambers joined Veracyte as Chief Financial Officer in 2021. Before Veracyte, she was Chief Financial Officer for Outset Medical, a publicly traded medical technology company, where she led the company through an initial public offering (IPO) and multiple follow-on offerings. Prior to that, Ms. Chambers held several finance leadership roles at Illumina, including Vice President of Financial Planning and Analysis, Vice President of Investor Relations and Treasury, and Senior Director of Investor Relations. She also served as Head of Investor Relations and Corporate Communications at Myriad Genetics and held various investor relations roles at Life Technologies. Earlier in her career, she held positions with Bank of America and Millennium Pharmaceuticals. Ms. Chambers serves on the board of Inari Medical.

Phillip G. Febbo, M.D., Chief Scientific Officer and Chief Medical Officer

Dr. Phillip G. Febbo joined Veracyte in 2023 as Chief Scientific Officer and Chief Medical Officer. He has over 25 years of experience across academia and the molecular diagnostics industry. Prior to Veracyte, Dr. Febbo served as Chief Medical Officer for Illumina, and before that, he was Chief Medical Officer for Genomic Health, where he oversaw the development and expansion of the company's test portfolio. Earlier in his career, he was a Professor of Medicine and Urology at the University of California, San Francisco Medical Center, and an Associate Professor at Duke University School of Medicine. He currently serves on the board of the Reagan Udall Foundation for the U.S. Food and Drug Administration (FDA).

John Leite, Ph.D., Global Chief Commercial Officer

Dr. John Leite is Global Chief Commercial Officer at Veracyte, joining in September 2022. In this role, he leads Commercial Operations for Veracyte's diagnostic tests. Previously, he served as Chief Business Officer for InterVenn Biosciences, a private-stage diagnostics company. Prior to that, he held leadership positions at Illumina from 2014 to 2020, including Vice President of Oncology, Market Development and Product Development, and Vice President of Clinical Business Development. Before Illumina, he was Vice President of Commercial Strategy and Market Access at Genoptix Medical Laboratories.

Annie McGuire, General Counsel and Chief People Officer

Annie McGuire joined Veracyte in 2022 and serves as General Counsel and Chief People Officer. She has more than 15 years of leadership experience in healthcare companies. Prior to Veracyte, she was General Counsel and Corporate Secretary at Rakuten Medical, Inc. Before that, Ms. McGuire was Vice President, Legal, at MyoKardia, Inc., a biotechnology company, where she helped lead the team through MyoKardia's $13 billion acquisition by Bristol Myers Squibb. She also spent 13 years at Amgen, Inc. in various legal and compliance leadership roles. Ms. McGuire began her legal career at Proskauer Rose LLP.

AI Analysis | Feedback

The key risks to Veracyte's business include challenges related to reimbursement and payer policies, intense competition within the diagnostics market, and the inherent risks associated with launching and ensuring the adoption of new products.

Key Risks

  • Reimbursement and Payer Policies / Pricing Pressure: A significant risk for Veracyte is the potential for changes in reimbursement rates and payer policies for its diagnostic tests. The company's revenue and margins could be negatively impacted if there are setbacks in coverage or increasing scrutiny on pricing for its core tests like Decipher and Afirma. Difficulty in securing favorable reimbursement for new offerings could also impede future growth.
  • Competition: Veracyte operates in a competitive landscape with other companies offering liquid-biopsy and alternative genomic assays, such as Guardant Health, Natera, and Exact Sciences. This competition could lead to a loss of market share or pressure on Veracyte to make pricing concessions for its products.
  • New Product Launch and Adoption Risks: Veracyte has ambitious plans for expanding its product line, including tests like TrueMRD for bladder cancer and the re-launch of Prosigna. The success of these initiatives relies on the confirmation of test effectiveness in clinical trials, navigating complex regulatory environments (e.g., European IVDR regulations), and achieving sufficient market adoption. Should these new products fail to meet expectations or experience slow uptake, it could diminish key growth drivers for the company.

AI Analysis | Feedback

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AI Analysis | Feedback

Veracyte (VCYT) operates in several significant addressable markets for its diagnostic products and services:

  • Afirma Genomic Sequencing Classifier (Thyroid Cancer): The addressable market in the U.S. includes approximately 115,000 fine-needle aspirations (FNAs) that yielded indeterminate results in 2011. The Afirma test aims to prevent unnecessary thyroid surgeries for these patients.
  • Decipher Prostate Biopsy and Radical Prostatectomy (Prostate Cancer): The global prostate cancer biomarkers market was valued at USD 4.7 billion in 2024 and is projected to reach USD 16.5 billion by 2034. In the U.S., prostate cancer is diagnosed in approximately 288,000 men annually. Veracyte estimates that about 10% (around 30,000) of all prostate cancers diagnosed each year in the U.S. are metastatic.
  • Prosigna Breast Cancer Assay (Breast Cancer): The global breast cancer molecular diagnostics market size was valued at US$ 635.5 million in 2024 and is estimated to grow to US$ 987.5 million by 2030. Breast cancer affects 2.1 million women and causes 627,000 deaths worldwide each year.
  • Percepta Genomic Sequencing Classifier and Percepta Nasal Swab Test (Lung Cancer): The global lung cancer market is estimated to be nearly $40 billion. In the United States, approximately 15 million people are eligible for annual lung cancer screening, and an estimated 1.6 million lung nodules are found incidentally each year. Additionally, around 360,000 bronchoscopies are performed annually to evaluate suspicious lung nodules, with up to 60% yielding inconclusive results.
  • Envisia Genomic Classifier (Interstitial Lung Disease, including Idiopathic Pulmonary Fibrosis): Annually, up to 200,000 patients in the United States and Europe are evaluated for suspected interstitial lung diseases (ILDs), including idiopathic pulmonary fibrosis (IPF). The global interstitial lung diseases treatment market was valued at USD 1.15 billion in 2024 and is projected to reach USD 1.96 billion by 2035.
  • Immunoscore Colon Cancer test (Colon Cancer): The global colorectal cancer therapeutics market size was valued at USD 12.79 billion in 2024 and is expected to reach approximately USD 19.95 billion by 2034. The U.S. colorectal cancer therapeutics market size was estimated at USD 3.42 billion in 2024 and is predicted to reach around USD 5.43 billion by 2034.

Overall, Veracyte estimates its near-term addressable market for current and pipeline genomic tests to be approximately $12 billion, expanding to beyond $50 billion in the long term.

AI Analysis | Feedback

Veracyte (VCYT) anticipates several key drivers to fuel its revenue growth over the next two to three years:

  1. Sustained Growth of Core Products (Afirma and Decipher): The company expects continued robust performance from its foundational genomic tests, Afirma for thyroid cancer and Decipher for prostate cancer. In the fourth quarter of 2025, Afirma volume grew by 12% and Decipher volume increased by 21%, contributing to a 16% rise in total testing volume. Management projects Afirma's growth in the mid-to-high single digits and Decipher's growth at approximately 20% for 2026. Decipher, in particular, has significant runway for continued double-digit growth, with its market currently estimated at only 40% penetration.
  2. Introduction of New Diagnostic Tests (TrueMRD and Prosigna): Veracyte is strategically advancing its pipeline with the planned launches of two major products in the U.S. market in 2026: TrueMRD for bladder cancer and Prosigna for early-stage breast cancer. These new offerings are expected to be significant catalysts for expanding the company's testing franchise and broadening its reach into new cancer indications, with their revenue contributions anticipated to become more substantial from 2027 onward.
  3. Expansion into New Geographic Markets: As part of its longer-term strategy, Veracyte aims for geographic expansion. This includes broadening the availability of its existing tests, such as Decipher, into international markets through initiatives like Decipher IVD (international prostate), which is part of its pipeline designed to expand market opportunities.

AI Analysis | Feedback

Share Issuance

  • Veracyte completed a public offering in February 2021, issuing 8,547,297 shares of common stock, which generated approximately $593.8 million in net proceeds.
  • In June 2025, shareholders approved an increase of 2.5 million shares to the company's 2023 Equity Incentive Plan, reserving them for future issuance.
  • Restricted stock units, totaling 36,181 and 6,578 shares, were awarded to the Chief Commercial Officer in March 2026, structured to vest over time.

Outbound Investments

  • In August 2021, Veracyte acquired HalioDx for €260 million, comprising approximately €147 million in cash and €113 million in stock. This acquisition expanded Veracyte's global market reach, scientific capabilities, and immuno-oncology diagnostics scope.
  • Veracyte acquired C2i Genomics for $70 million in January 2024, a move that accelerated its focus on minimal residual disease (MRD) and longitudinal oncology monitoring.

Better Bets vs. Veracyte (VCYT)

Peer Outperformance in Health Care Services

VCYT has trailed 58% of its 19 Health Care Services peers over 5Y. Health Care Services ranks 3rd of 10 industries in Health Care by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Health Care Services constituents that VCYT has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
62%
of 21 industry peers · 34.9% return
3Y
53%
of 19 industry peers · 62.5% return
5Y
42%
of 19 industry peers · -17.0% return
No Health Care Services peer with a comparable growth profile has beaten VCYT by more than 20pp over 5Y.
Median price return by industry across the Health Care sector, ranked by 5Y. Health Care Services is VCYT's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 7 13.9%96.3%127.8% CAH 414% · MCK 351% · COR 179%
Managed Health Care 8 33.2%1.7%3.3% OSCR 77% · HQY 48% · ELV 16%
Health Care Services ← 20 21.0%52.1%-1.5% HIMS 238% · RDNT 134% · DGX 68%
Health Care Facilities 24 1.8%4.9%-19.0% THC 249% · NHC 244% · ENSG 108%
Health Care Equipment 50 -5.3%-4.8%-24.0% POCI 10775% · UFPT 318% · GKOS 200%
Health Care Supplies 12 32.3%-14.4%-35.5% LNTH 272% · HAE 59% · MMSI 23%
Pharmaceuticals 63 -0.9%0.6%-36.4% LQDA 2406% · INDV 1148% · ETON 1022%
Life Sciences Tools & Services 109 2.4%-28.7%-73.9% SNWV 1688% · MEDP 203% · AXGN 178%
Biotechnology 363 8.8%-25.7%-76.8% BRTX 73900% · DNTH 1558% · CELZ 1486%
Health Care Technology 20 -25.0%-56.7%-78.6% SPOK 68% · HSTM -2% · VEEV -13%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

VCYTBTSGBDSXCVSCILHMedian
NameVeracyte BrightSp.Biodesix CVS Heal.Cigna Labcorp  
Mkt Price42.5360.7326.1896.74282.52326.8978.73
Mkt Cap3.412.50.3123.774.326.719.6
Rev LTM56214,372103415,086281,33614,34814,360
Op Inc LTM109448-2114,0138,9111,6291,038
FCF LTM166402-2011,7589,1131,155779
FCF 3Y Avg97205-387,2707,0061,090647
CFO LTM178506-2014,78010,2771,6381,072
CFO 3Y Avg107292-3310,1408,3221,573933

Growth & Margins

VCYTBTSGBDSXCVSCILHMedian
NameVeracyte BrightSp.Biodesix CVS Heal.Cigna Labcorp  
Rev Chg LTM17.3%26.4%34.5%7.4%7.7%6.4%12.5%
Rev Chg 3Y Avg19.6%21.9%35.5%7.0%131.9%6.5%20.7%
Rev Chg Q15.5%23.0%34.2%7.3%6.7%5.8%11.4%
QoQ Delta Rev Chg LTM3.7%5.3%7.1%1.8%1.6%1.4%2.7%
Op Inc Chg LTM198.4%143.5%39.3%38.3%8.8%32.0%38.8%
Op Inc Chg 3Y Avg681.8%164.0%24.3%0.8%589.9%9.2%94.1%
Op Mgn LTM19.3%3.1%-20.0%3.4%3.2%11.4%3.3%
Op Mgn 3Y Avg9.1%1.4%-39.6%3.1%3.3%9.9%3.2%
QoQ Delta Op Mgn LTM0.7%0.4%5.9%0.5%0.1%0.2%0.5%
CFO/Rev LTM31.7%3.5%-19.3%3.6%3.7%11.4%3.6%
CFO/Rev 3Y Avg21.3%2.4%-46.8%2.6%3.3%11.7%3.0%
FCF/Rev LTM29.5%2.8%-19.8%2.8%3.2%8.1%3.0%
FCF/Rev 3Y Avg19.0%1.6%-53.7%1.8%2.8%8.1%2.3%

Valuation

VCYTBTSGBDSXCVSCILHMedian
NameVeracyte BrightSp.Biodesix CVS Heal.Cigna Labcorp  
Mkt Cap3.412.50.3123.774.326.719.6
P/S6.10.92.60.30.31.91.4
P/Op Inc31.327.9-13.18.88.316.412.6
P/EBIT29.327.9-13.713.97.418.316.1
P/E29.734.2-9.725.311.626.626.0
P/CFO19.124.7-13.68.47.216.312.3
Total Yield3.4%2.9%-10.3%6.7%10.8%4.6%4.0%
Dividend Yield0.0%0.0%0.0%2.8%2.2%0.9%0.4%
FCF Yield 3Y Avg3.3%2.6%-717.3%7.2%8.5%5.3%4.3%
D/E0.00.20.30.60.40.30.3
Net D/E-0.10.10.20.50.30.20.2

Returns

VCYTBTSGBDSXCVSCILHMedian
NameVeracyte BrightSp.Biodesix CVS Heal.Cigna Labcorp  
1M Rtn-7.8%-3.6%14.9%-2.4%4.4%4.3%1.0%
3M Rtn-12.7%5.8%69.3%1.5%-2.4%23.5%3.6%
6M Rtn25.6%46.4%39.4%26.0%4.6%21.8%25.8%
12M Rtn34.9%152.1%195.3%35.4%-5.5%20.0%35.2%
3Y Rtn62.5%452.1%-3.0%65.3%6.8%64.5%63.5%
1M Excs Rtn-8.0%0.1%18.3%0.4%2.5%3.4%1.5%
3M Excs Rtn-17.3%1.3%64.8%-3.1%-6.9%19.0%-0.9%
6M Excs Rtn11.1%31.9%24.9%11.5%-9.9%7.3%11.3%
12M Excs Rtn16.2%133.4%176.6%16.7%-24.2%1.3%16.5%
3Y Excs Rtn-10.3%381.1%-90.7%-8.6%-65.1%-12.6%-11.5%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Development and commercialization of diagnostic tests and biopharmaceutical services517446361  
Biopharmaceutical and other revenue   3320
Product revenue   1311
Testing revenue   251188
Total517446361297220


Net Income by Segment
$ Mil202520242023
Development and commercialization of diagnostic tests and biopharmaceutical services6624-74
Total6624-74


Price Behavior

Price Behavior
Market Price$42.53 
Market Cap ($ Bil)3.4 
First Trading Date10/30/2013 
Distance from 52W High-29.7% 
   50 Days200 Days
DMA Price$50.40$42.60
DMA Trendupdown
Distance from DMA-15.6%-0.2%
 3M1YR
Volatility65.8%63.5%
Downside Capture89.07148.07
Upside Capture9.08152.42
Correlation (SPY)10.2%29.6%
VCYT Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta1.060.860.491.501.481.46
Up Beta-0.531.740.962.592.241.62
Down Beta-0.66-1.850.030.940.581.00
Up Capture119%-32%21%128%203%411%
Bmk +ve Days10213268138427
Stock +ve Days9173057117363
Down Capture370%258%62%111%126%110%
Bmk -ve Days11213259113324
Stock -ve Days11243368132382

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with VCYT
VCYT35.1%63.5%0.71-
Sector ETF (XLV)26.5%16.0%1.2823.8%
Equity (SPY)19.7%12.8%1.1329.5%
Gold (GLD)24.6%29.2%0.7519.2%
Commodities (DBC)44.1%20.4%1.69-20.5%
Real Estate (VNQ)9.1%13.6%0.3922.3%
Bitcoin (BTCUSD)-26.9%43.8%-0.5917.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with VCYT
VCYT-1.4%64.7%0.24-
Sector ETF (XLV)6.6%15.1%0.2537.2%
Equity (SPY)12.8%17.2%0.5749.3%
Gold (GLD)19.1%18.8%0.8211.1%
Commodities (DBC)10.7%19.5%0.431.6%
Real Estate (VNQ)1.7%18.9%-0.0144.2%
Bitcoin (BTCUSD)10.6%52.6%0.3829.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with VCYT
VCYT23.7%62.7%0.60-
Sector ETF (XLV)10.8%16.7%0.5337.6%
Equity (SPY)15.3%17.9%0.7247.0%
Gold (GLD)12.4%16.3%0.626.2%
Commodities (DBC)7.9%18.1%0.358.5%
Real Estate (VNQ)4.8%20.7%0.1938.1%
Bitcoin (BTCUSD)64.0%66.2%1.0418.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity6.8 Mil
Short Interest: % Change Since 7312026-1.0%
Average Daily Volume1.2 Mil
Days-to-Cover Short Interest5.6 days
Basic Shares Quantity80.0 Mil
Short % of Basic Shares8.5%

Earnings Returns History

Updated 9/1/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2026-22.5%-22.8%-27.5%
5/5/202624.9%20.0%51.5%
2/25/20268.5%1.5%-8.2%
11/4/202527.5%18.1%23.5%
8/6/202515.5%28.0%35.3%
5/7/20251.2%-7.6%-11.0%
2/24/2025-15.0%-14.7%-14.4%
11/6/20242.0%8.0%20.6%
...
SUMMARY STATS   
# Positive151313
# Negative91111
Median Positive8.5%18.1%21.6%
Median Negative-6.0%-11.8%-15.1%
Max Positive27.5%49.2%57.4%
Max Negative-22.5%-22.8%-32.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2026-22.5%-22.8%-27.5%
5/5/202624.9%20.0%51.5%
2/25/20268.5%1.5%-8.2%
11/4/202527.5%18.1%23.5%
8/6/202515.5%28.0%35.3%
5/7/20251.2%-7.6%-11.0%
2/24/2025-15.0%-14.7%-14.4%
11/6/20242.0%8.0%20.6%
8/6/202424.0%49.2%36.4%
5/7/2024-4.3%9.5%1.8%
2/22/2024-8.9%-3.2%-13.4%
11/7/2023-3.6%5.2%4.2%
8/8/20237.0%0.1%1.3%
5/4/20234.6%5.9%16.4%
2/22/20230.1%-0.8%-7.4%
11/2/202224.3%18.4%49.4%
8/2/2022-6.0%-9.4%-23.4%
5/3/20224.6%-22.7%-15.1%
2/28/20220.9%-11.8%11.1%
11/9/2021-8.2%-6.3%-21.3%
7/29/202113.6%21.9%21.6%
5/10/2021-5.7%-15.8%-16.0%
2/17/2021-5.6%-15.8%-32.6%
11/2/20209.2%25.6%57.4%
SUMMARY STATS   
# Positive151313
# Negative91111
Median Positive8.5%18.1%21.6%
Median Negative-6.0%-11.8%-15.1%
Max Positive27.5%49.2%57.4%
Max Negative-22.5%-22.8%-32.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202607/31/202610-Q
03/31/202605/06/202610-Q
12/31/202502/26/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/28/202510-K
09/30/202411/07/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/29/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/05/202310-Q
12/31/202203/01/202310-K
09/30/202211/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202607/31/202610-Q
03/31/202605/06/202610-Q
12/31/202502/26/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/28/202510-K
09/30/202411/07/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/29/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/05/202310-Q
12/31/202203/01/202310-K
09/30/202211/03/202210-Q
06/30/202208/03/202210-Q
03/31/202205/04/202210-Q
12/31/202102/28/202210-K
09/30/202111/09/202110-Q
06/30/202107/29/202110-Q
03/31/202105/10/202110-Q
12/31/202002/22/202110-K
09/30/202011/02/202010-Q
06/30/202007/30/202010-Q
03/31/202005/06/202010-Q
12/31/201902/25/202010-K
09/30/201910/22/201910-Q

Recent Forward Guidance

Updated 7/31/2026

Latest: Q2 2026 Earnings Reported 7/30/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Total RevenueReported590.00 Mil593.00 Mil596.00 Mil1.0% RaisedGuidance: 587.00 Mil for 2026
2026 Testing RevenueReported576.00 Mil579.00 Mil582.00 Mil0.7% RaisedGuidance: 575.00 Mil for 2026
2026 Adjusted EBITDA MarginReported 26.0%  0AffirmedGuidance: 26.0% for 2026


Prior: Q1 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported582.00 Mil587.00 Mil592.00 Mil1.9% RaisedGuidance: 576.00 Mil for 2026
2026 Revenue GrowthReported13.0%13.5%14.0% 2.0%RaisedGuidance: 11.5% for 2026
2026 Testing RevenueReported570.00 Mil575.00 Mil580.00 Mil1.8% RaisedGuidance: 565.00 Mil for 2026
2026 Testing Revenue GrowthReported16.0%17.0%18.0% 2.0%RaisedGuidance: 15.0% for 2026
2026 Adjusted EBITDA MarginReported 26.0%  1.0%RaisedGuidance: 25.0% for 2026

Q4 2025 Earnings Reported 2/25/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Total RevenueReported570.00 Mil576.00 Mil582.00 Mil13.4% AffirmedGuidance: 508.00 Mil for 2025
2026 Total Revenue GrowthReported10.0%11.5%13.0%   
2026 Testing RevenueReported560.00 Mil565.00 Mil570.00 Mil16.4% Higher NewGuidance: 485.50 Mil for 2025
2026 Testing Revenue GrowthReported14.0%15.0%16.0%   
2026 Adjusted EBITDA MarginReported 25.0%  0.0%Same NewGuidance: 25.0% for 2025

Q3 2025 Earnings Reported 11/4/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2025 Testing RevenueReported484.00 Mil485.50 Mil487.00 Mil1.1% RaisedGuidance: 480.00 Mil for 2025
2025 Total RevenueReported506.00 Mil508.00 Mil510.00 Mil1.6% RaisedGuidance: 500.00 Mil for 2025
2025 Adjusted EBITDA MarginReported 25.0%  1.5%RaisedGuidance: 23.5% for 2025

Insider Activity

Updated 9/4/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Febbo, Phillip GChief Scientific & Med OfficerDirectSell904202643.0513,110564,4105,727,965Form
2Chambers, RebeccaChief Financial OfficerDirectSell904202643.103,652157,3947,155,358Form
3McGuire, AnnieEVP, General CounselDirectSell904202643.093,254140,2125,651,573Form
4Bhanji, Muna DirectSell903202642.971,86480,0961,835,592Form
5Eastham, Karin DirectSell622202652.893,729197,234798,511Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Febbo, Phillip GChief Scientific & Med OfficerDirectSell904202643.0513,110564,4105,727,965Form
2Chambers, RebeccaChief Financial OfficerDirectSell904202643.103,652157,3947,155,358Form
3McGuire, AnnieEVP, General CounselDirectSell904202643.093,254140,2125,651,573Form
4Bhanji, Muna DirectSell903202642.971,86480,0961,835,592Form
5Eastham, Karin DirectSell622202652.893,729197,234798,511Form
6McGuire, AnnieEVP, General CounselDirectSell604202649.763,176158,0366,828,985Form
7Chambers, RebeccaChief Financial OfficerDirectSell604202649.733,561177,0838,616,936Form
8Stapley, MarcChief Executive OfficerDirectSell604202650.12138,0516,919,58522,079,057Form
9Leite, JohnGlobal Chief Commercial OffDirectSell604202650.0713,975699,7326,624,551Form
10Wygant, JonathanVP, Chief Accounting OfficerDirectSell527202645.4024,0001,089,6242,062,749Form
11Epstein, Robert S DirectSell522202644.0110,000440,1292,308,301Form
12McGuire, AnnieSVP, General CounselDirectSell508202639.0210,204398,2115,608,205Form
13Leite, JohnChief Commercial Officer-CLIADirectSell306202635.195,260185,0833,785,396Form
14McGuire, AnnieSVP, General CounselDirectSell306202635.556,658236,7253,367,267Form
15Chambers, RebeccaChief Financial OfficerDirectSell306202636.1418,341662,8694,741,606Form
16Stapley, MarcChief Executive OfficerDirectSell306202635.9745,5231,637,59412,862,253Form
17Febbo, Phillip GChief Scientific & Med OfficerDirectSell304202636.1613,425485,4294,243,067Form
18McGuire, AnnieSVP, General CounselDirectSell1217202543.1310,739463,2042,922,681Form
19Eastham, Karin DirectSell1208202545.4520,000908,923615,977Form
20McGuire, AnnieSVP, General CounselDirectSell1204202547.301,42267,2613,713,013Form
21Chambers, RebeccaChief Financial OfficerDirectSell1204202546.8413,278621,9555,128,906Form
22Stapley, MarcChief Executive OfficerDirectSell1204202547.097,668361,07615,002,578Form
23Leite, JohnChief Commercial Officer-CLIADirectSell1204202547.511,27860,7183,901,189Form
24Leite, JohnChief Commercial Officer-CLIADirectSell1126202550.002,808140,4004,314,550Form
25Jones, Evan/ FA DirectSell1126202550.251,10655,5761,475,420Form
26Holstein, Jens DirectSell1121202542.3610,000423,5631,152,049Form
27Wygant, JonathanVP, Chief Accounting OfficerDirectSell1112202542.335,102215,9781,640,157Form
28Wygant, JonathanVP, Chief Accounting OfficerDirectSell1112202540.215,818233,9291,762,991Form
29McGuire, AnnieSVP, General CounselDirectSell1107202540.006,466258,6403,318,920Form
30Jones, Evan/ FA DirectSell1107202545.0643,1961,946,2881,372,801Form
31Eastham, Karin DirectSell1107202540.029,674387,191542,484Form
32Chambers, RebeccaChief Financial OfficerDirectSell1107202541.007,000287,0005,172,478Form
33Febbo, Phillip GChief Scientific & Med OfficerDirectSell1007202536.028,349300,7093,329,484Form
34Leite, JohnChief Commercial Officer-CLIADirectSell1003202535.002,53988,8653,118,465Form
35Epstein, Robert S DirectSell1003202535.0821,473753,2042,190,406Form
36McGuire, AnnieSVP, General CounselDirectSell1003202535.002,16075,6083,130,678Form
37McGuire, AnnieSVP, General CounselDirectSell923202533.692,28376,9203,086,181Form
38Stapley, MarcChief Executive OfficerDirectSell908202530.417,667233,13310,161,664Form

Investor Activity (13F)

Updated Sep 5, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Casdin Capital, LLC$8.9 Mil0.7%40Hold13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Iron Triangle Partners LP$41.3 Mil4.7%27Exited13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Casdin Capital, LLC$8.9 Mil0.7%40Hold13F
Core Cache Last Updated: 9/4/2026