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Myriad Genetics (MYGN) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 6, 2025

Myriad Genetics (MYGN) reported revenue of $213M for the second quarter 2025 (Q2 2025), +0.8% from a year earlier and +9% from the quarter before. Operating margin was -154.5%, net loss $330M (155.1% of revenue).

Revenue$213M
Year over year+0.8%
Quarter over quarter+9%
Operating margin-154.5%
Net earnings−$330M

Myriad Genetics, Q2 2025: revenue $213M (+0.8% year over year), operating margin -154.5%, net loss $330M, operating cash flow −$13.6M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$213M+9%+0.8%
Operating profit−$329M——
Net earnings−$330M——
Operating cash flow−$13.6M——

What changed

Revenue was $213.1M in Q2 2025, up 1% year over year and up 9% from the previous quarter. Hereditary Cancer was the largest line at 45% of revenue. Hereditary Cancer added $4.8M year over year (up 5%), 300% of the total change. Pharmacogenomics declined 12%.

Gross margin was 71.2%, up 1.7 points from a year earlier. Operating costs exceeded revenue by $329.2M, an operating margin of -154.5%. Operating expenses grew 162% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+2630%). The quarter ended with a net loss of $330.5M, wider than the previous quarter's $100K loss.

Operating cash flow was −$13.6M. Non-cash charges added back $14.1M of depreciation and amortization and $10.7M of share-based compensation. Working capital and other items added $292.1M. Capital expenditures of $2.8M exceeded it, leaving free cash flow of −$16.4M.

Questions

What was Myriad Genetics' revenue in the second quarter 2025?

Myriad Genetics (MYGN) reported revenue of $213M for the second quarter 2025 (Q2 2025), +0.8% from a year earlier and +9% from the quarter before.

Was Myriad Genetics profitable in the second quarter 2025?

Operating loss was $329M (-154.5% of revenue) and net loss $330M.

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Source: Myriad Genetics 10-Q on SEC EDGAR.