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CareDx (CDNA) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · CareDx (CDNA) Q3 2026 earnings results →

Q3 2026 Revenue up 39% year over year to $139M · 14¢ of every $1 of revenue kept as net profit · operating margin 5.8%

CareDx made $139M in Q3 2026 (+39% Y/Y): Testing services revenue $119M, Patient and digital solutions revenue $20.2M. Operating margin 5.8%, net earnings $19.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$139M
Year over year+39%
Operating margin5.8%
Net earnings$19.3M
Operating cash flow$12.7M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $139.4M in Q3 2026, up 39% year over year and up 6% from the previous quarter. Testing services revenue was the largest line at 86% of revenue. Testing services revenue added $47.0M year over year (up 65%), 120% of the total change.

Operating profit was $8.1M, a 5.8% margin (up 6.1 points year over year). Total costs grew 31% against revenue growth of 39%. The fastest-growing cost line was General & admin (+34%). Net earnings were $19.3M, up 1052% year over year. The effective tax rate was -80.4%. Non-operating items added $2.6M, 24% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $12.7M (down 66% year over year), 66% of net earnings. Non-cash charges added back $7.2M of depreciation and amortization and $9.7M of share-based compensation. Working capital and other items used $23.4M. Capital expenditures of $1.6M left free cash flow of $11.1M.

Quarterly history

CareDx revenue by quarterCareDx revenue by quarter$84.7MQ1 2025$86.7MQ2 2025$100MQ3 2025$108MQ4 2025$118MQ1 2026$132MQ2 2026$139MQ3 2026
CareDx net earnings by quarterCareDx net earnings by quarter−$10.4MQ1 2025−$8.6MQ2 2025$1.7MQ3 2025−$4.1MQ4 2025$2.8MQ1 2026$111MQ2 2026$19.3MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 29, 2026$139M+39%5.8%$19.3M$12.7M
Q2 202610-QJul 30, 2026$132M+52%85.8%$111M$30.6M
Q1 202610-QApr 28, 2026$118M+39%1.0%$2.8M$4.3M
Q4 202510-KFeb 25, 2026$108M+25%-5.6%−$4.1M$21.4M
Q3 202510-QNov 4, 2025$100M+21%-0.2%$1.7M$37.4M
Q2 202510-QAug 6, 2025$86.7M-6%-12.8%−$8.6M$9.9M
Q1 202510-QApr 30, 2025$84.7M+18%-15.8%−$10.4M−$26.6M

Charts

CareDx: revenue growth, year over year and quarter over quarterCareDx: revenue growth, year over year and quarter over quarterY/YQ/Q+18%Q1 2025-6%+2%Q2 2025+21%+15%Q3 2025+25%+8%Q4 2025+39%+9%Q1 2026+52%+12%Q2 2026+39%+6%Q3 2026
Latest (Q3 2026): Y/Y +39%, Q/Q +6%.
CareDx: where the cash came from (+) and went (−), TTM to Q3 2026CareDx: where the cash came from (+) and went (−), TTM to Q3 2026Other investing$255MCash drawn (+) / kept (−)−$160MAcquisitions−$146MOperating cash flow$69.0MBuybacks−$24.4MShares issued$20.2MTaxes on employees’ shares−$14.8MOther financing$997KExchange rates$10K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
CareDx: profit against cash, quarter by quarterCareDx: profit against cash, quarter by quarterNet incomeOperating cash flow$87.7M$21.9MQ4 2024−$10.4M−$26.6MQ1 2025−$8.6M$9.9MQ2 2025$1.7M$37.4MQ3 2025−$4.1M$21.4MQ4 2025$2.8M$4.3MQ1 2026$111M$30.6MQ2 2026$19.3M$12.7MQ3 2026
Latest (Q3 2026): Net income $19.3M, Operating cash flow $12.7M.
CareDx: diluted shares by fiscal yearCareDx: diluted shares by fiscal year46MFY202052MFY202153MFY202254MFY202357MFY202453MFY2025
+14.6% since FY2020: more shares outstanding (issuance, stock pay).
CareDx in its industry: growth against margin (22 companies, SIC 8071)CareDx in its industry: growth against margin (22 companies, SIC 8071)revenue growth, year over year →↑ operating marginmedian +24%median -3%LHDGXNTRAFTRERDNTGHCAILMRIVCYTBLLNCSTLFLGTCFORGRALPSNLBDSXXGNAMSBGLCSERAACONCDNA (+39%, 6%)
Services-Medical Laboratories; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

Buys from

About CareDx

CareDx is a precision medicine company dedicated to improving outcomes for transplant patients and advancing organ health. We deliver solutions designed to empower clinicians and improve patient outcomes. The Company's integrated solutions include non-invasive molecular testing for heart, kidney, and lung transplants; laboratory products; digital health technologies; and patient solutions that support care before and after transplant. CareDx is the leading provider of genomics-based information for transplant patients. Our headquarters is located in Brisbane, California, and we have other primary operations in Omaha, Nebraska and Stockholm, Sweden.

In its own words, from its 10-K, filed Feb 25, 2026.

CareDx against its Services-Medical Laboratories peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +39% against the peers' median +25%. Operating margin: 5.8% against the peers' median 6.3%.

CompanyQuarterRevenueY/YOp. margin
CDNA CareDxQ3 2026$139M+39%5.8%
LH Labcorp HoldingsQ3 2026$3.8B+7%10.6%
DGX Quest DiagnosticsQ3 2026$3.1B+10%15.5%
NTRA NateraQ3 2026$794M+34%-8.6%
FTRE Fortrea HoldingsQ3 2026$692M-1%2.2%
RDNT RadNetQ2 2026$623M+25%6.3%
GH Guardant HealthQ3 2026$361M+36%-36.8%
CAI Caris Life SciencesQ3 2026$275M+27%7.0%
LMRI Lumexa Imaging HoldingsQ2 2026$264M+5%8.7%

Source: CareDx 10-Q on SEC EDGAR · CIK 1217234 · Services-Medical Laboratories

Guidance and outlook

CareDx Revenue: guidance against what was reportedCareDx Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2024$334MFY2025$380MFY2026
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns CDNA and who is buying

Largest holders of CDNA (13F)Largest holders of CDNA (13F)BlackRock$137MState Street$70.4MVanguard Group$64.6MVanguard Capital Management LLC$62.6MDeerfield Management Company, L.P…$56.9MARK Investment Management LLC$55.7MBoston Partners$55.2MBamco$55.2MGagnon Securities LLC$50.5MChevy Chase Trust Holdings, LLC$41.0M
Funds' net buying of CDNA by quarter (13F)Funds' net buying of CDNA by quarter (13F)−$104M2024-09−$32.2M2024-12$31.9M2025-03−$39.3M2025-06−$48.5M2025-09$20.0M2025-12−$5.3M2026-03$54.9M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CDNA

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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