Exact Sciences Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,247	2,759	2,500	2,084	1,767
Revenue Growth (YoY)	17.69%	10.37%	19.93%	17.95%	18.49%
Cost of Revenue	984.15	840.15	737.56	661.36	458.76
Gross Profit	2,263	1,919	1,762	1,423	1,308
Selling, General & Admin	1,891	1,679	1,646	1,650	1,538
Research & Development	522.44	431.21	426.93	394.19	385.65
Amortization of Goodwill & Intangibles	-	-	-	-	95
Other Operating Expenses	-	-	-2.03	13.24	-
Operating Expenses	2,413	2,111	2,071	2,057	2,019
Operating Income	-150.12	-191.79	-308.84	-634.16	-710.57
Interest Expense	-39.36	-37.27	-19.45	-19.63	-18.61
Interest & Investment Income	41.77	39.56	32.71	-	31.78
EBT Excluding Unusual Items	-147.71	-189.5	-295.57	-653.79	-697.4
Merger & Restructuring Charges	-22.17	-	-	-	-117.7
Gain (Loss) on Sale of Investments	-	-	-	-19.43	-
Asset Writedown	-7.2	-869.46	-0.62	-15.97	-20.21
Other Unusual Items	-26.81	22.8	94.44	56.62	-7.2
Pretax Income	-203.89	-1,036	-201.75	-632.57	-842.51
Income Tax Expense	4.06	-7.3	2.4	-9.06	-246.88
Net Income	-207.95	-1,029	-204.15	-623.51	-595.63
Net Income to Common	-207.95	-1,029	-204.15	-623.51	-595.63
Shares Outstanding (Basic)	189	184	180	176	171
Shares Outstanding (Diluted)	189	184	180	176	171
Shares Change (YoY)	2.44%	2.25%	2.15%	2.92%	13.37%
EPS (Basic)	-1.10	-5.59	-1.13	-3.54	-3.48
EPS (Diluted)	-1.10	-5.59	-1.13	-3.54	-3.48
Free Cash Flow	356.78	74.55	31.93	-438.02	-238
Free Cash Flow Per Share	1.89	0.41	0.18	-2.48	-1.39
Gross Margin	69.69%	69.55%	70.49%	68.27%	74.04%
Operating Margin	-4.62%	-6.95%	-12.35%	-30.43%	-40.21%
Profit Margin	-6.40%	-37.29%	-8.17%	-29.92%	-33.71%
Free Cash Flow Margin	10.99%	2.70%	1.28%	-21.02%	-13.47%
EBITDA	71.46	23.07	-102.23	-436.6	-530.22
EBITDA Margin	2.20%	0.84%	-4.09%	-20.95%	-30.00%
D&A For EBITDA	221.58	214.86	206.61	197.56	180.35
EBIT	-150.12	-191.79	-308.84	-634.16	-710.57
EBIT Margin	-4.62%	-6.95%	-12.35%	-30.43%	-40.21%
Advertising Expenses	199.2	180.3	137.9	170.3	144

Source: S&P Global Market Intelligence. Standard template. Financial Sources.