Filing Flows › Neogen (NEOG) › How it makes money
How Neogen (NEOG) makes money
Neogen (NEOG) made $223M of revenue in the first quarter fiscal 2027 (Q1 FY27), +7% from a year earlier. Product brought in $196M (88%); Service brought in $26.8M (12%).
Drawing the Sankey…
Revenue by segment, Q1 FY27
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product | $196M | 88.0% | -1% | +6% |
| Service | $26.8M | 12.0% | +1% | +7% |
Where each dollar of revenue goes
| Line | Q1 FY27 | % of revenue |
|---|---|---|
| Revenue | $223M | 100.0% |
| Operating cash flow | $12.9M | 5.8% |
| Free cash flow | $4.7M | 2.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q1 FY27 | $223M | +6% |
| Q4 FY26 | $225M | -0.1% |
| Q3 FY26 | $211M | -4% |
| Q2 FY26 | $225M | -3% |
| Q1 FY26 | $209M | -4% |
| Q4 FY25 | $226M | -5% |
| Q3 FY25 | $221M | -3% |
From Neogen's 10-Q filed Oct 7, 2026 (on EDGAR).
Questions
How does Neogen make money?
Neogen (NEOG) made $223M of revenue in the first quarter fiscal 2027 (Q1 FY27), +7% from a year earlier. Product brought in $196M (88%); Service brought in $26.8M (12%).
What is Neogen's biggest business?
Product: $196M in the first quarter fiscal 2027, 88% of revenue, +6% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.