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Biodesix (BDSX) Q3 2026 earnings results (third quarter 2026)

10-Q filed Nov 5, 2026

Biodesix (BDSX) reported revenue of $24.0M for the third quarter 2026 (Q3 2026), +10% from a year earlier and -10% from the quarter before. Operating margin was -25.4%, net loss $8.0M (33.4% of revenue).

Revenue$24.0M
Year over year+10%
Quarter over quarter-10%
Operating margin-25.4%
Net earnings−$8.0M

Biodesix, Q3 2026: revenue $24.0M (+10% year over year), operating margin -25.4%, net loss $8.0M, operating cash flow −$7.2M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$24.0M-10%+10%
Operating profit−$6.1M——
Net earnings−$8.0M——
Operating cash flow−$7.2M——

What changed

Revenue was $24.0M in Q3 2026, up 10% year over year and down 10% from the previous quarter. Diagnostic Tests was the largest line at 96% of revenue. Diagnostic Tests added $3.2M year over year (up 16%), 142% of the total change. Development Services declined 49%.

Operating costs exceeded revenue by $6.1M, an operating margin of -25.4%. Total costs grew 5% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+13%). The quarter ended with a net loss of $8.0M, wider than the previous quarter's $7.3M loss.

Operating cash flow was −$7.2M. Non-cash charges added back $1.4M of depreciation and amortization and $852K of share-based compensation. Working capital and other items used $1.4M. Capital expenditures of $555K exceeded it, leaving free cash flow of −$7.8M.

Questions

What was Biodesix's revenue in the third quarter 2026?

Biodesix (BDSX) reported revenue of $24.0M for the third quarter 2026 (Q3 2026), +10% from a year earlier and -10% from the quarter before.

Was Biodesix profitable in the third quarter 2026?

Operating loss was $6.1M (-25.4% of revenue) and net loss $8.0M.

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Source: Biodesix 10-Q on SEC EDGAR.