CDNA
CareDx, Inc19.36
-0.55-2.76%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Conservative guide details, PDS upside hopes
Q&A offered granular color on 2026 guidance, revealing conservative testing volume assumptions with no expected transplant procedure growth and early Epic Aura signals too nascent to quantify, while baking in a $7.5M half-year LCD hit. Management detailed PDS/products growth at 8-12% with outperformance hopes, software margins of 60-70%, and an internal three-year push toward $2,000/test via Epic integrations costing $10M but promising cleaner claims and volume lift. Cap alloc prioritizes core growth over M&A. No walk-backs; answers directly tackled volume conservatism and EBITDA ramp concerns. Q&A reaffirms execution focus. Epic traction matters next.
Key Stats
Market Cap
1.03BP/E (TTM)
15.13Basic EPS (TTM)
1.28Dividend Yield
0%Recent Filings
10-K
FY2025 results
CareDx posted FY2025 revenue of $380M, up 14% y/y, with testing services at $275M (up 10%, ~200K tests up 14% y/y) driving the topline while patient/digital solutions grew 31% to $57M. Q4 accelerated with $108M revenue (up 25% y/y), testing at $78M (up 23%, ~53K tests up 17% y/y), and average revenue per test ~$1,480 including $5M prior-period catch-up. Momentum built sequentially as reimbursement stabilized post-AlloSure repricing to $2,753 (down $88 for kidney), yet Medicare still 46% of testing revenue amid pending LCD revisions. Net loss narrowed to $21M from $53M profit prior year; operations generated $42M cash. Repurchased $88M in shares (5.8M shares). Medicare reimbursement changes threaten quarterly collections.
8-K
Q4 revenue up 25%, CFO change
CareDx reported Q4 2025 revenue of $108M, up 25% year-over-year, with full-year revenue hitting $380M, a 14% rise; testing services grew 23% to $78M while patient solutions surged 47%. Nathan Smith resigned as CFO effective February 25, 2026, for personal reasons; Keith Kennedy, COO since 2024, steps in as CFO and COO on February 26. Guides 2026 revenue to $420M-$444M. Leadership shifts mid-momentum.
8-K
Q4 revenue up 25%
CareDx reported preliminary Q4 2025 revenue of ~$108M, up 25% year-over-year, driven by 23% testing services growth to $78M and 47% patient/digital solutions surge to $17M. Full-year revenue hit ~$380M, up 14%, with $200M cash on hand after $88M share repurchases. Momentum builds into 2026. Results pending audit.
8-K
CareDx settles derivative suits
CareDx secured preliminary court approval December 9, 2025, for settling shareholder derivative suits alleging fiduciary breaches over misleading testing revenue statements. No cash payout; instead, commits to four-year governance upgrades like quarterly Audit Committee sessions, new Disclosure Committee, $250,000 healthcare compliance review by Q1 2026, annual risk assessments, executive training, and quarterly compliance reports. Reforms aim to tighten oversight. Final hearing June 30, 2026.
8-K
Majority voting for directors
APDN
Applied DNA Sciences, Inc.
5.62+1.35
BDSX
Biodesix, Inc.
7.90+0.38
CODX
Co-Diagnostics, Inc.
0.25-0.02
DGX
Quest Diagnostics Incorporated
178.66-5.45
IDXG
Interpace Biosciences, Inc.
1.14-0.02
ILMN
Illumina, Inc.
131.56-3.36
IMDX
Insight Molecular Diagnostics I
5.10+0.08
NTRA
Natera, Inc.
227.40-1.00
PSNL
Personalis, Inc.
7.98-0.50
WGS
GeneDx Holdings Corp.
141.72-8.89