GeneDx Holdings Corp.
Business
GeneDx Holdings Corp. is a genomics-based clinical diagnostics company offering exome and genome sequencing tests (ExomeDx™ and GenomeDx™) for diagnosis of rare genetic diseases and disorders. The company provides comprehensive genetic testing powered by its proprietary GeneDx Infinity™ dataset—one of the world's largest rare disease databases from over 2.5 million tests—and combines this with clinical expertise, bioinformatics, and AI-driven variant interpretation to deliver fast, accurate diagnoses. GeneDx serves pediatric geneticists, pediatric specialists, general pediatricians, and healthcare systems in the United States, with expansion into neonatal intensive care, prenatal testing, newborn screening, and international markets via its Fabric Genomics acquisition.
Summary from 10-K filed 2026-02-23
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 428 | 305 | 203 | 235 | 212 | |
| Cost of services | 129 | 111 | 113 | 261 | 229 | |
| Gross profit | 298 | 194 | 90 | −27 | −17 | |
| Research and development | 72 | 46 | 58 | 86 | 105 | |
| Selling and marketing | 88 | 67 | 61 | 122 | 113 | |
| General and administrative | 151 | 105 | 139 | 216 | 206 | |
| Impairment loss | 0 | 0 | 10 | 210 | 0 | |
| Other operating expenses, net | 0 | 0 | 2 | 6 | — | |
| Loss from operations | −13 | −23 | −181 | −668 | −446 | |
| Change in fair value of financial liabilities | −1 | −13 | 1 | — | — | |
| Interest (expense) income, net | −3 | −3 | 1 | — | — | |
| Other (expense) income, net | −4 | −13 | 2 | 57,000 | 5 | |
| Total non-operating (expense) income, net | −8 | −29 | 4 | 70 | 201 | |
| Loss before income taxes | −21 | −53 | −177 | −598 | −245 | |
| Income tax benefit | 100,000 | 300,000 | 900,000 | 49 | 0 | |
| Net loss | −21 | −52 | −176 | −549 | −245 | |
| Unrealized gain related to available for sale securities, net | 106,000 | 405,000 | 425,000 | 0 | — | |
| Comprehensive loss | −21 | −52 | −175 | −549 | −245 | |
| Basic weighted average shares outstanding of Class A common stock (in shares) | 29 | 27 | 24 | 10 | 108 | |
| Diluted weighted average shares outstanding of Class A common stock (in shares) | 29 | 27 | 24 | 10 | 108 | |
| Basic net loss per share, Class A common stock (in dollars per share) | −0.73 | −1.94 | −7.23 | −53.63 | −2.27 | |
| Diluted net loss per share, Class A common stock (in dollars per share) | −0.73 | −1.94 | −7.23 | −53.63 | −2.27 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 105 | 85 | 100 | 124 | 401 | |
| Marketable securities | 66 | 56 | 30 | 0 | — | |
| Accounts receivable | 74 | 38 | — | 43 | 27 | |
| Inventory, net | 14 | 11 | 9 | 14 | 33 | |
| Prepaid expenses and other current assets | 9 | 9 | 11 | 32 | — | |
| Total current assets | 268 | 198 | 182 | 213 | 484 | |
| Operating lease right-of-use assets | 23 | 26 | 27 | 33 | 0 | |
| Property and equipment, net | 46 | 33 | 32 | 52 | 63 | |
| Goodwill | 14 | 0 | — | — | — | |
| Intangible assets, net | 168 | 159 | 173 | 187 | 0 | |
| Other assets | 4 | 4 | 4 | 7 | 7 | |
| Total assets | 524 | 419 | 419 | 491 | 554 | |
| Accounts payable and accrued expenses | 58 | 31 | 37 | 85 | — | |
| Short-term lease liabilities | 4 | 3 | 4 | 6 | 0 | |
| Other current liabilities | 47 | 20 | — | 50 | 33 | |
| Total current liabilities | 109 | 55 | 59 | 144 | 101 | |
| Long-term debt, net of current portion | 48 | 52 | 53 | 6 | 11 | |
| Long-term lease liabilities | 56 | 61 | 63 | 60 | 0 | |
| Other liabilities | 2 | 6 | 15 | 24 | 22 | |
| Deferred taxes | 757,000 | 965,000 | 2 | 3 | 0 | |
| Total liabilities | 216 | 174 | 191 | 237 | 166 | |
| Purchase commitments and contingencies (Note 11) | — | — | — | — | — | |
| Preferred Stock, $0.0001 par value: 1,000,000 shares authorized, 0 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 0 | 0 | 0 | 0 | 0 | |
| Class A common stock, $0.0001 par value: 1,000,000,000 shares authorized, 29,245,296 and 28,016,545 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 3,000 | 2,000 | 2,000 | 1,000 | 24,000 | |
| Additional paid-in capital | 1,681 | 1,597 | 1,528 | 1,378 | 964 | |
| Accumulated deficit | −1,373 | −1,352 | −1,300 | −1,124 | −575 | |
| Accumulated other comprehensive income | 936,000 | 830,000 | 425,000 | 0 | — | |
| Total stockholders equity | 308 | 245 | 228 | 254 | 388 | |
| Total liabilities and stockholders equity | 524 | 419 | 419 | 491 | 554 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization expense | 25 | 22 | 34 | 59 | — | |
| Stock-based compensation expense | 32 | 9 | −326,000 | 42 | 219 | |
| Change in fair value of financial liabilities | 1 | 13 | −1 | −70 | −198 | |
| Provision for excess and obsolete inventory | 135,000 | 180,000 | 4 | 1 | 2 | |
| Legal reserves | 6 | 0 | 0 | — | — | |
| Change in third party payor reserves | 2 | 607,000 | −10 | — | — | |
| Other | 3 | 3 | −3 | 3 | — | |
| Accounts receivable | −36 | −5 | 11 | 6 | 6 | |
| Inventory | −3 | −3 | 975,000 | 2 | −11 | |
| Accounts payable and accrued expenses | 12 | −21 | −49 | 34 | 26 | |
| Other assets and liabilities | 12 | 4 | −575,000 | −8 | — | |
| Net cash provided by (used in) operating activities | 33 | −28 | −180 | −319 | −190 | |
| Purchases of marketable securities | −56 | −66 | −48 | 0 | — | |
| Proceeds from sales of marketable securities | 2 | 601,000 | 0 | — | — | |
| Proceeds from maturities of marketable securities | 44 | 41 | 18 | — | — | |
| Purchases of property and equipment | −19 | −5 | −5 | −7 | −9 | |
| Proceeds from sales of assets | 0 | 0 | 4 | 0 | — | |
| Development of internal-use software assets | 0 | 0 | −461,000 | −7 | −11 | |
| Net cash used in investing activities | −62 | −30 | −44 | −141 | −21 | |
| Proceeds from offerings, net of issuance costs | 47 | 46 | 143 | 0 | — | |
| Proceeds from issuance of stock pursuant to employee stock purchase plan | 3 | 497,000 | 0 | — | — | |
| Exercise of stock options | 2 | 394,000 | 285,000 | 3 | 1 | |
| Long-term debt principal payments | −1 | −497,000 | −2 | 0 | −9 | |
| Finance lease payoff and principal payments | −3 | −3 | −4 | −3 | −4 | |
| Proceeds from long-term debt | 0 | 0 | 49 | 0 | 0 | |
| Net cash provided by financing activities | 48 | 44 | 186 | 197 | 494 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 20 | −14 | −38 | −263 | 283 | |
| Cash paid for interest | 6 | 7 | 3 | 2 | 3 | |
| Cash paid for taxes | 1 | 1 | 1 | 1 | 349,000 | |
| Purchases of property and equipment in accounts payable and accrued expenses | 6 | 3 | 134,000 | 0 | 761,000 | |
| Stock consideration paid pursuant to exercise of Perceptive warrant | 0 | 13 | 0 | — | — | |
| Assets acquired under capital leases obligations | 0 | 689,000 | 0 | 461,000 | 1 | |
| Issuance of common stock for first OPKO Milestone Payment | 0 | 0 | 7 | 0 | — | |
| Lease liability from obtaining right-of-use asset | 0 | 0 | 637,000 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is GeneDx Holdings Corp.'s CIK number?
GeneDx Holdings Corp.'s SEC CIK number is 0001818331 (1818331). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find GeneDx Holdings Corp.'s SEC filings?
All of GeneDx Holdings Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did GeneDx Holdings Corp. last report earnings?
GeneDx Holdings Corp. (WGS) most recently filed an earnings 8-K with the SEC on May 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001818331-26-000039). This is GeneDx Holdings Corp.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is GeneDx Holdings Corp.'s most recent earnings 8-K?
GeneDx Holdings Corp.'s latest earnings 8-K (Item 2.02) was filed May 4, 2026 under accession 0001818331-26-000039. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View GeneDx Holdings Corp.'s latest earnings 8-K →
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