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How GeneDx Holdings (WGS) makes money

GeneDx Holdings (WGS) made $114M of revenue in the second quarter 2026 (Q2 2026), +11% from a year earlier. Diagnostic Test brought in $112M (98%); Other revenue brought in $2.6M (2%).

Drawing the Sankey…

GeneDx Holdings revenue by segment, Q2 2026GeneDx Holdings revenue by segment, Q2 2026Diagnostic Test$112MOther revenue$2.6M
GeneDx Holdings: revenue by line, Q4 2024 to Q2 2026GeneDx Holdings: revenue by line, Q4 2024 to Q2 2026Diagnostic TestOther revenueSelf-pay patientsDiagnostic Test: $112M latest$112MOther revenue: $2.6M latestSelf-pay patients: $0 latestQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
The mix barely moved between Q4 2024 and Q2 2026.
GeneDx Holdings revenue by quarterGeneDx Holdings revenue by quarter$95.6MQ4 2024$87.1MQ1 2025$103MQ2 2025$117MQ3 2025$121MQ4 2025$102MQ1 2026$114MQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Diagnostic Test$112M97.8%+10%+12%
  ↳ Patients with third-party insurance$94.7M82.8%+12%+17%
  ↳ Institutional customers$16.1M14.1%+0.1%-14%
  ↳ Self-pay patients$1.0M0.9%+264%+207%
Other revenue$2.6M2.2%+167%-1%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$114M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$114M+11%
Q1 2026$102M+17%
Q4 2025$121M+26%
Q3 2025$117M+52%
Q2 2025$103M+46%
Q1 2025$87.1M+40%
Q4 2024$95.6M+67%

From GeneDx Holdings' 10-Q filed Aug 3, 2026 (on EDGAR).

Questions

How does GeneDx Holdings make money?

GeneDx Holdings (WGS) made $114M of revenue in the second quarter 2026 (Q2 2026), +11% from a year earlier. Diagnostic Test brought in $112M (98%); Other revenue brought in $2.6M (2%).

What is GeneDx Holdings' biggest business?

Diagnostic Test: $112M in the second quarter 2026, 98% of revenue, +12% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.