CSTL
Castle Biosciences, Inc.39.05
+0.17+0.44%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.14BP/E (TTM)
-Basic EPS (TTM)
-0.44Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Castle Biosciences posted Q3 revenue of $83.0M, down 3.2% y/y but up 4.7% YTD to $257.2M, as TissueCypher volumes surged 74.7% y/y to offset a 25.4% drop in dermatologic revenue from lost Medicare coverage for DecisionDx-SCC starting April 2025. Gross margin slipped to 74.7% from 79.2% y/y, pressured by higher lab costs and amortization, while operating loss widened to $6.8M from $5.1M income, driven by SG&A up 10.7% on sales force expansion. Operating cash flow held at $37.4M YTD, with $85.6M cash and $202.0M investments bolstering liquidity against $10.0M term debt maturing 2028 at ~8% effective rate. In May 2025, the company acquired Capsulomics for $18.7M cash plus up to $2.5M contingent, adding $28.2M developed technology amortized over 12 years. Medicare coverage uncertainty for DecisionDx-SCC lingers amid ongoing appeals.
8-K
Q3 revenue dips, guidance up
Castle Biosciences reported Q3 2025 revenue of $83 million, down slightly from $85.8 million last year due to the Novitas non-coverage of DecisionDx-SCC and IDgenetix discontinuation, yet non-dermatologic revenue surged 67% on TissueCypher's 75% test volume jump to 10,609 reports. Core drivers DecisionDx-Melanoma and TissueCypher hit 36% higher total reports at 21,068. It launched AdvanceAD-Tx to guide atopic dermatitis treatments. Full-year revenue guidance rose to $327-335 million. Momentum builds despite headwinds.
8-K
Bylaws amended for governance
Castle Biosciences amended its bylaws on August 5, 2025, tightening stockholder nomination rules, aligning quorum and voting thresholds with Delaware law, and expanding director indemnification to the maximum extent permitted. These tweaks clarify procedures for meetings and proposals while boosting board flexibility on special sessions. Changes sharpen governance amid activist pressures. No financial impacts disclosed.
8-K
Q2 revenue flat, guidance raised
Castle Biosciences reported Q2 2025 revenue of $86.2 million, flat year-over-year amid Novitas non-coverage for DecisionDx-SCC effective April 24 and IDgenetix discontinuation in May, yet core drivers DecisionDx-Melanoma and TissueCypher surged 33% in test volume. Adjusted EBITDA dipped to $10.4 million from $21.5 million, but the company raised full-year revenue guidance to $310-320 million, signaling robust demand. Acquisitions like Previse and SciBase collaboration bolster GI and dermatology pipelines. Momentum builds despite coverage hurdles.
10-Q
Q2 FY2025 results
Castle Biosciences posted Q2 revenue of $86.2M, down 0.9% y/y but up 1.0% q/q (derived), as dermatologic tests fell 18.2% y/y to $56.3M amid DecisionDx-SCC Medicare coverage loss effective April 2025, while non-dermatologic tests surged 64.5% y/y to $29.9M on TissueCypher volume growth. Gross margin dipped to 77.3% from 80.7% y/y, reflecting higher personnel and lab costs, yet operating loss narrowed to $4.3M from $5.0M income y/y, with net income of $4.5M versus $8.9M y/y, the gap due to $4.7M tax benefit from valuation allowance release on Capsulomics acquisition. Acquired Capsulomics in May 2025 for $18.7M cash, recognizing $28.2M developed technology intangible amortized over 12 years and up to $2.5M contingent earnout; quarter-end cash and equivalents stood at $82.2M with $193.7M marketable securities, $10.0M term debt at 8.19% maturing 2028, and $25.0M undrawn credit line through September 2025. Discontinued IDgenetix in May 2025, accelerating $20.1M intangible amortization. Regulatory scrutiny persists from a 2024 HHS subpoena on billing practices since 2015.
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