EXAS
Exact Sciences Corporation101.76
+0.02+0.02%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
19.31BP/E (TTM)
-Basic EPS (TTM)
-5.35Dividend Yield
0%Recent Filings
8-K
Stockholders approve Abbott merger
8-K
Record revenues, merger pending
Exact Sciences posted record Q4 revenue of $878 million, up 23%, and full-year $3.25 billion, up 18%, driven by 26% Screening growth to $695 million and 14% Precision Oncology rise. Free cash flow soared 379% to $357 million, yet net loss widened to $208 million amid R&D spend. Pending Abbott merger targets Q2 2026 close.
10-K
FY2025 results
Exact Sciences drove FY2025 revenue up 18% y/y to exceed $3.2B, with Screening surging 20% on Cologuard volume from rescreens and care gap programs while Precision Oncology grew 10% via Oncotype DX uptake in Japan. Operating cash flow leaped to $491M, up $281M y/y, funding $75M Freenome blood CRC license and $50M note amid $2.35B debt. Q4 momentum shone in 20% Screening acceleration, but net loss narrowed to $208M from $1B prior amid $830M IPR&D write-down. Pending Abbott merger eyes Q2 2026 close. Regulatory delays threaten reimbursement.
8-K
Exact supplements merger proxy
Exact Sciences issued supplemental disclosures on February 10, 2026, to address three New York stockholder lawsuits alleging deficiencies in its merger proxy with Abbott, offering $105 per share in cash. It details Centerview's fairness opinion analyses, including DCF implying $78.70-$136.35 per share and comps supporting the price, plus projections like $3.7B 2026 revenue and $700M adjusted EBITDA. Exact denies merit but moots claims to avoid delays. More suits possible.
8-K
NEOs accelerate merger bonuses
Exact Sciences entered Acceleration and Clawback Agreements with its five NEOs on December 23, 2025, accelerating FY2025 bonuses at 115% of target—totaling $2.4M across executives—and vesting hundreds of thousands of RSU/PSU shares at elevated rates (104-225%) ahead of its pending Abbott merger. Clawbacks apply if employment ends early. Payments offset future awards.
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