QuidelOrtho 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 28, 2025	Dec '24 Dec 29, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 2, 2022
Revenue	2,730	2,783	2,998	3,266	1,699
Revenue Growth (YoY)	-1.89%	-7.17%	-8.21%	92.28%	2.22%
Cost of Revenue	1,456	1,496	1,501	1,330	420.3
Gross Profit	1,274	1,287	1,497	1,936	1,278
Selling, General & Admin	746.3	766.8	763.2	621	239.6
Research & Development	186.2	218.7	245	187.9	95.7
Amortization of Goodwill & Intangibles	189.2	203.4	204.8	132.5	27.4
Other Operating Expenses	97.7	20	-	-	-
Operating Expenses	1,219	1,209	1,213	941.4	362.7
Operating Income	54.8	77.6	284.1	994.8	915.6
Interest Expense	-177.6	-191.5	-182.2	-76.6	-0.7
Interest & Investment Income	-	2.6	5.5	1.3	0.3
Other Non Operating Income (Expenses)	-5.8	18.3	8.5	-8.5	-5.3
EBT Excluding Unusual Items	-128.6	-93	115.9	911	909.9
Merger & Restructuring Charges	-263.6	-127.2	-113.4	-136	-9.6
Impairment of Goodwill	-700.7	-1,823	-	-	-
Asset Writedown	-9.7	-56.9	-4.5	-2.8	-
Other Unusual Items	-5.1	-31.8	-27.1	-36.3	-
Pretax Income	-1,108	-2,132	-29.1	735.9	900.3
Income Tax Expense	24.1	-79.5	-19	187.2	196.1
Net Income	-1,132	-2,052	-10.1	548.7	704.2
Net Income to Common	-1,132	-2,052	-10.1	548.7	704.2
Net Income Growth	-	-	-	-22.08%	-13.09%
Shares Outstanding (Basic)	68	67	67	57	42
Shares Outstanding (Diluted)	68	67	67	57	43
Shares Change (YoY)	0.89%	0.60%	16.38%	33.80%	-1.61%
EPS (Basic)	-16.69	-30.54	-0.15	9.66	16.73
EPS (Diluted)	-16.69	-30.54	-0.15	9.56	16.43
EPS Growth	-	-	-	-41.81%	-11.64%
Free Cash Flow	105.2	-112.1	70.9	744.4	513.1
Free Cash Flow Per Share	1.55	-1.67	1.06	12.97	11.96
Gross Margin	46.67%	46.23%	49.94%	59.28%	75.26%
Operating Margin	2.01%	2.79%	9.48%	30.46%	53.90%
Profit Margin	-41.45%	-73.74%	-0.34%	16.80%	41.46%
Free Cash Flow Margin	3.85%	-4.03%	2.37%	22.79%	30.21%
EBITDA	496.8	528.3	740.7	1,278	967.3
EBITDA Margin	18.20%	18.98%	24.71%	39.12%	56.95%
D&A For EBITDA	442	450.7	456.6	282.7	51.7
EBIT	54.8	77.6	284.1	994.8	915.6
EBIT Margin	2.01%	2.79%	9.48%	30.46%	53.90%
Effective Tax Rate	-	-	-	25.44%	21.78%
Advertising Expenses	-	6.2	15.1	26.8	13.7

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