WGS Nasdaq Services-Health Services Financials FY2019βFY2025
GeneDx Holdings Corp. had $428M of revenue in fiscal 2025, up 40.0% on the year before. Over five years, revenue changed +19.0% a year on average.
Last close Β· Oct 23, 2026
$56.15
16.4%Hi! I read GeneDx Holdings Corp.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+40.0%
Yes. Sales grew 40.0% last year.
Does it make a profit?
β4.9%
No. It lost money last year.
Does profit turn into cash?
3.3%
Partly. 3.3% of sales ends up as free cash.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· GeneDx Holdings Corp. had $428M of revenue in fiscal 2025, up 40.0% on the year before. Over five years, revenue changed +19.0% a year on average. Its operating margin was β3.1%, up 4.5Β pts: of every 100 in sales, about β3 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· GeneDx Holdings Corp. lost $21.0M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $14.3M in fiscal 2025, 3.3% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $107M and sold $21.8M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$107M
3 insiders
Sold, 12 months
$21.8M
4 insiders
Of sales under plans
2%
$0.5M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 16, 2026 | Kevin FeeleyChief Financial Officer | Sold | 3,728 | $97.61 | $0.4M | Form 4 |
| Sep 16, 2026 | Katherine StuelandChief Executive Officer, Director | Sold | 10,501 | $97.61 | $1.0M | Form 4 |
| Sep 9, 2026 | Katherine StuelandChief Executive Officer, Director | Sold | 3,692 | $84.22 | $0.3M | Form 4 |
| Sep 9, 2026 | Kevin FeeleyChief Financial Officer | Sold | 1,285 | $84.22 | $0.1M | Form 4 |
| Sep 1, 2026 | Kevin FeeleyChief Financial Officer | Sold | 372 | $83.84 | $0.0M | Form 4 |
| Jun 16, 2026 | Kevin FeeleyChief Financial Officer | Sold | 3,729 | $60.76 | $0.2M | Form 4 |
| Jun 16, 2026 | Katherine StuelandChief Executive Officer, Director | Sold | 10,501 | $60.76 | $0.6M | Form 4 |
| Jun 9, 2026 | Kevin FeeleyChief Financial Officer | Sold | 1,266 | $53.77 | $0.1M | Form 4 |
| Jun 9, 2026 | Katherine StuelandChief Executive Officer, Director | Sold | 3,639 | $53.77 | $0.2M | Form 4 |
| Jun 5, 2026 | Eli CasdinDirector, 10% owner | Bought | 50,000 | $52.86 | $2.6M | Form 4 |
| Jun 4, 2026 | Eli CasdinDirector, 10% owner | Bought | 150,000 | $56.44 | $8.5M | Form 4 |
| Jun 1, 2026 | Kevin FeeleyChief Financial Officer | Sold | 369 | $51.74 | $0.0M | Form 4 |
| May 20, 2026 | Casdin Partners Master Fund, L.P.Director, 10% owner | Bought | 140,000 | $43.81 | $6.1M | Form 4 |
| May 19, 2026 | Casdin Partners Master Fund, L.P.Director, 10% owner | Bought | 185,000 | $42.60 | $7.9M | Form 4 |
| May 18, 2026 | Casdin Partners Master Fund, L.P.Director, 10% owner | Bought | 175,000 | $42.55 | $7.4M | Form 4 |
| May 15, 2026 | Keith A. MeisterDirector, 10% owner | Bought | 46,273 | $38.91 | $1.8M | Form 4 |
| May 14, 2026 | Keith A. MeisterDirector, 10% owner | Bought | 140,000 | $39.39 | $5.5M | Form 4 |
| May 13, 2026 | Keith A. MeisterDirector, 10% owner | Bought | 165,000 | $39.09 | $6.4M | Form 4 |
| May 11, 2026 | Keith A. MeisterDirector, 10% owner | Bought | 500,000 | $39.29 | $19.6M | Form 4 |
| May 8, 2026 | Keith A. MeisterDirector, 10% owner | Bought | 171,389 | $40.59 | $7.0M | Form 4 |
| May 7, 2026 | Keith A. MeisterDirector, 10% owner | Bought | 533,758 | $37.86 | $20.2M | Form 4 |
| Apr 29, 2026 | Katherine StuelandChief Executive Officer, Director | Sold | 2,172 | $65.19 | $0.1M | Form 4 |
| Apr 29, 2026 | Kevin FeeleyChief Financial Officer | Sold | 392 | $65.19 | $0.0M | Form 4 |
| Mar 26, 2026 | Katherine StuelandChief Executive Officer, Director | Sold | 46,933 | $63.17 | $3.0M | Form 4 |
| Mar 26, 2026 | Kevin FeeleyChief Financial Officer | Sold | 8,818 | $63.17 | $0.6M | Form 4 |
| Mar 16, 2026 | Katherine StuelandChief Executive Officer, Director | Sold | 17,179 | $76.80 | $1.3M | Form 4 |
| Mar 16, 2026 | Kevin FeeleyChief Financial Officer | Sold | 5,706 | $76.80 | $0.4M | Form 4 |
| Mar 9, 2026 | Katherine StuelandChief Executive Officer, Director | Sold | 3,678 | $86.75 | $0.3M | Form 4 |
| Mar 9, 2026 | Kevin FeeleyChief Financial Officer | Sold | 1,280 | $86.75 | $0.1M | Form 4 |
| Mar 5, 2026 | Keith A. MeisterDirector, 10% owner | Bought | 140,026 | $81.19 | $11.4M | Form 4 |
| Mar 4, 2026 | Katherine StuelandChief Executive Officer, Director | Sold | 25,459 | $78.61 | $2.0M | Form 4 |
| Mar 4, 2026 | Kevin FeeleyChief Financial Officer | Sold | 6,187 | $78.61 | $0.5M | Form 4 |
| Mar 3, 2026 | Keith A. MeisterDirector, 10% owner | Bought | 29,495 | $70.89 | $2.1M | Form 4 |
| Mar 2, 2026 | Kevin FeeleyChief Financial Officer | Sold | 287 | $77.52 | $0.0M | Form 4 |
| Feb 4, 2026 | Bryan DechairoChief Operating Officer | Sold plan | 5,961 | $85.70 | $0.5M | Form 4 |
| Feb 2, 2026 | Bryan DechairoChief Operating Officer | Sold | 3,413 | $99.53 | $0.3M | Form 4 |
| Jan 29, 2026 | Kevin FeeleyChief Financial Officer | Sold | 317 | $93.99 | $0.0M | Form 4 |
| Jan 29, 2026 | Katherine StuelandChief Executive Officer, Director | Sold | 1,653 | $94.00 | $0.2M | Form 4 |
| Dec 16, 2025 | Kevin FeeleyChief Financial Officer | Sold | 3,855 | $143.87 | $0.6M | Form 4 |
| Dec 16, 2025 | Katherine StuelandChief Executive Officer, Director | Sold | 10,857 | $143.89 | $1.6M | Form 4 |
| Dec 9, 2025 | Kevin FeeleyChief Financial Officer | Sold | 1,266 | $159.28 | $0.2M | Form 4 |
| Dec 9, 2025 | Katherine StuelandChief Executive Officer, Director | Sold | 3,639 | $159.28 | $0.6M | Form 4 |
| Dec 1, 2025 | Kevin FeeleyChief Financial Officer | Sold | 377 | $162.54 | $0.1M | Form 4 |
| Nov 24, 2025 | Joshua RuchDirector | Sold | 38,000 | $160.37 | $6.1M | Form 4 |
| Oct 29, 2025 | Kevin FeeleyChief Financial Officer | Sold | 388 | $136.54 | $0.1M | Form 4 |
| Oct 29, 2025 | Katherine StuelandChief Executive Officer, Director | Sold | 2,158 | $136.54 | $0.3M | Form 4 |
| Sep 30, 2025 | Kevin FeeleyChief Financial Officer | Sold plan | 6,609 | $108.38 | $0.7M | Form 4 |
| Sep 30, 2025 | Katherine StuelandChief Executive Officer, Director | Sold plan | 12,858 | $108.17 | $1.4M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· GeneDx Holdings Corp. has $98.9M more cash than debt.
Cash, debt and the ratios that show how comfortably GeneDx Holdings Corp. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $401M | $124M | $130M | $141M | $171M |
| Debt incl. finance leases | $11.0M | $30.3M | $76.1M | $74.7M | $72.3M |
| Debt / equity | 0.0x | 0.0x | 0.2x | 0.2x | 0.2x |
| Interest coverage | β157.4x | β208.2x | β | β | β |
| Current ratio | 4.8x | 1.5x | 3.1x | 3.6x | 2.5x |
| Quick ratio | 4.4x | 1.4x | 3.0x | 3.4x | 2.3x |
| Total assets | $554M | $491M | $419M | $419M | $524M |
| Total liabilities | $166M | $237M | $191M | $174M | $216M |
| Shareholders' equity | $388M | $254M | $228M | $245M | $308M |
| Net debt (β = net cash) | β$390M | β$93.7M | β$54.1M | β$66.5M | β$98.9M |
KIRA Β· Its return on capital was β5.4%: every 100 invested in the business earned about β5 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· GeneDx Holdings Corp. passes 6 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 5 | 4 / 9 | 3 / 9 | 4 / 9 | 6 / 9 | 6 / 9 |
| Accruals ratio | β | β58.9% | β13.6% | β44.0% | 1.0% | β5.7% | β11.5% |
| Altman Z'' | β | β9.52 | β1.82 | β14.57 | β9.83 | β7.17 | β5.22 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $196M | $179M | $212M | $235M | $203M | $305M | $428M |
| Net interest income | β | β | β | β$0.7M | $1.1M | β | β |
| Gross profit | $82.8M | $4.0M | β$16.6M | β$26.8M | $90.0M | $194M | $298M |
| Research and development | $34.9M | $72.7M | $105M | $86.2M | $58.3M | $45.7M | $72.0M |
| Operating income | β$30.4M | β$242M | β$446M | β$668M | β$181M | β$23.2M | β$13.1M |
| Interest expense | $0.8M | $2.5M | $2.8M | $3.2M | β | β | β |
| Pretax income | β$29.7M | β$241M | β$245M | β$598M | β$177M | β$52.6M | β$21.1M |
| Income tax | $0.0M | $0.0M | $0.0M | β$49.1M | β$0.9M | β$0.3M | β$0.1M |
| Net income | β$29.7M | β$241M | β$245M | β$549M | β$176M | β$52.3M | β$21.0M |
| Net income to common | β$32.7M | β$241M | β$245M | β | β | β | β |
| Diluted EPS | β$264,056.00 | β$47,036.00 | β$2.27 | β$53.63 | β$7.23 | β$1.94 | β$0.73 |
| Diluted shares | 0.00B | 0.00B | 0.11B | 0.01B | 0.02B | 0.03B | 0.03B |
| Cash flow | |||||||
| Cash from operations | β$18.7M | β$93.1M | β$190M | β$319M | β$180M | β$28.5M | $33.3M |
| Capital expenditure | $11.9M | $24.1M | $9.4M | $7.2M | $5.3M | $5.5M | $19.0M |
| Free cash flow | β$30.7M | β$117M | β$200M | β$326M | β$185M | β$34.0M | $14.3M |
| Depreciation and amortization | $6.4M | $11.7M | $21.8M | $50.0M | $19.7M | $7.9M | $9.6M |
| Stock-based compensation | $5.5M | $120M | $219M | $42.0M | β$0.3M | $9.1M | $32.2M |
| Acquisitions | β | $0.0M | $0.0M | $127M | $12.1M | $0.0M | β |
| Balance sheet | |||||||
| Cash and short-term investments | $115M | $108M | $401M | $124M | $130M | $141M | $171M |
| Total debt | β | $20.7M | $11.0M | $11.0M | $56.3M | $55.8M | $54.5M |
| Finance lease liabilities | β | β | β | $19.3M | $19.8M | $18.9M | $17.8M |
| Current assets | β | $174M | $484M | $213M | $182M | $198M | $268M |
| Current liabilities | β | $73.4M | $101M | $144M | $58.8M | $54.8M | $109M |
| Inventory | β | $25.0M | $33.5M | $13.7M | $8.8M | $10.7M | $14.0M |
| Property and equipment, net | β | $63.1M | $62.7M | $51.5M | $32.5M | $32.9M | $45.7M |
| Goodwill | β | $0.0M | $0.0M | β | β | $0.0M | $13.5M |
| Intangible assets | β | β | $0.0M | $187M | $173M | $159M | $168M |
| Total assets | β | $252M | $554M | $491M | $419M | $419M | $524M |
| Total liabilities | β | $247M | $166M | $237M | $191M | $174M | $216M |
| Preferred stock | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | β$88.7M | β$330M | $388M | $254M | $228M | $245M | $308M |
| Margins | |||||||
| Gross margin | 42.2% | 2.2% | β7.8% | β11.4% | 44.4% | 63.6% | 69.7% |
| Operating margin | β15.5% | β134.9% | β210.3% | β284.5% | β89.2% | β7.6% | β3.1% |
| EBITDA margin | β12.2% | β128.4% | β200.0% | β263.2% | β79.4% | β5.0% | β0.8% |
| Net margin | β15.1% | β134.6% | β115.6% | β233.9% | β86.8% | β17.1% | β4.9% |
| FCF margin | β15.6% | β65.4% | β94.2% | β139.0% | β91.5% | β11.1% | 3.3% |
| Net interest share of revenue | β | β | β | β0.3% | 0.5% | β | β |
| Returns | |||||||
| Return on capital | β | β | β | β374.7% | β92.6% | β11.5% | β5.4% |
| Return on capital employed | β | β135.8% | β98.5% | β192.6% | β50.2% | β6.4% | β3.2% |
| Return on equity | β | β | β845.4% | β171.1% | β73.0% | β22.1% | β7.6% |
| Return on assets | β | β95.9% | β60.9% | β105.1% | β38.6% | β12.5% | β4.5% |
| Return on tangible equity | β | β | β63.2% | β818.7% | β317.3% | β60.3% | β16.7% |
| Growth | |||||||
| Revenue growth | β | β8.6% | 18.3% | 10.6% | β13.7% | 50.8% | 40.0% |
| Share count change | β | 5,000.0% | 2,119,064.7% | β90.5% | 137.5% | 10.6% | 6.5% |
| Financial health | |||||||
| Debt / equity | β | β | 0.0x | 0.0x | 0.2x | 0.2x | 0.2x |
| Interest coverage | β38.8x | β97.8x | β157.4x | β208.2x | β | β | β |
| Current ratio | β | 2.4x | 4.8x | 1.5x | 3.1x | 3.6x | 2.5x |
| Quick ratio | β | 2.0x | 4.4x | 1.4x | 3.0x | 3.4x | 2.3x |
| Capital allocation | |||||||
| Capex / revenue | 6.1% | 13.4% | 4.4% | 3.0% | 2.6% | 1.8% | 4.4% |
| Stock comp / revenue | 2.8% | 67.0% | 103.4% | 17.9% | β0.2% | 3.0% | 7.5% |
| Quality scores | |||||||
| Piotroski F-score | β | β | 4.0 | 3.0 | 4.0 | 6.0 | 6.0 |
| Altman Z'' | β | β9.5 | β1.8 | β14.6 | β9.8 | β7.2 | β5.2 |
| Accruals ratio | β | β58.9% | β13.6% | β44.0% | 1.0% | β5.7% | β11.5% |
Source: SEC EDGAR XBRL filings (CIK 0001818331). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
