Myriad Genetics, Inc., a molecular diagnostics and precision medicine company, develops molecular tests. The company offers molecular diagnostic tests for oncology, women's health, and pharmacogenomics. It also provides MyRisk Hereditary Cancer test, a DNA sequencing test for hereditary cancers; BRACAnalysis CDx Germline Companion Diagnostic test, a DNA sequencing test for metastatic breast, ovarian, metastatic pancreatic, and metastatic prostate cancer with deleterious or suspected deleterious germline BRCA variants; and MyChoice CDx Companion Diagnostic test, a tumor test that determines homologous recombination deficiency status in patients with ovarian cancer. In addition, the company offers Prolaris Prostate Cancer Prognostic test, an RNA expression tumor analysis for assessing the aggressiveness of prostate cancer; EndoPredict Breast Cancer Prognostic test, an RNA expression test for assessing the aggressiveness of breast cancer; Precise Tumor Molecular Profile test, a genomic profiling test; Prequel Prenatal Screen, a non-invasive prenatal screening test conducted using maternal blood to screen for severe chromosomal disorders in a fetus; Foresight Carrier Screen, a prenatal test for future parents to assess their risk of passing on a recessive genetic condition to their offspring; SneakPeek Early Gender DNA test, a non-invasive blood test that predicts the gender of a fetus; FirstGene; and GeneSight Psychotropic Mental Health Medication test, a DNA genotyping test to aid psychotropic drug selection for depression, anxiety, attention-deficit/hyperactivity disorder, and other mental health conditions. It has a license collaboration with Illumina, Inc.; University of Texas M.D. Anderson Cancer Center; Mayo Foundation for Medical Education and Research; Children's Medical Center in Boston; Institut Curie and INSERM; and Eurobio Scientific SA. The company was founded in 1991 and is headquartered in Salt Lake City, Utah.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $825M | $-331M | $-366M | $-26M | -99.4% | -1.6% | 187.4% |
| 2024 | $838M | $-60M | $-127M | $-38M | -18.2% | 11.2% | -51.7% |
| 2023 | $753M | $-197M | $-263M | $-184M | -33.6% | 11.0% | 135.1% |
| 2022 | $678M | $-85M | $-112M | $-152M | -12.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 678.40 | 753.20 | 837.60 | 824.50 |
| Operating Revenue | - | 678.40 | 753.20 | 837.60 | 824.50 |
| Cost Of Revenue | - | 202 | 236.20 | 252.20 | 247.90 |
| Gross Profit | - | 476.40 | 517 | 585.40 | 576.60 |
| Operating Expense | - | 600.10 | 661.60 | 673.40 | 644.40 |
| Research And Development | - | 85.40 | 88.70 | 113.40 | 106.80 |
| Selling General And Administration | - | 514.70 | 572.90 | 560 | 537.60 |
| Total Expenses | - | 802.10 | 897.80 | 925.60 | 892.30 |
| Operating Income | - | -123.70 | -144.60 | -88 | -67.80 |
| Total Operating Income As Reported | - | -140.60 | -257.40 | -123.50 | -387.20 |
| EBITDA | - | -84.70 | -197.40 | -59.50 | -330.90 |
| Normalized EBITDA | - | -67.80 | -84.60 | -24 | -11.50 |
| EBIT | - | -137.40 | -259.30 | -120.70 | -384.60 |
| Interest Income | - | 2.60 | 2.50 | 1.70 | 1.80 |
| Interest Expense | - | 3.20 | 2.90 | 2.80 | 10.50 |
| Net Interest Income | - | -0.60 | -0.40 | -1.10 | -8.70 |
| Other Non Operating Income Expenses | - | 0.60 | -4.40 | 1.10 | 0.80 |
| Other Income Expense | - | -16.30 | -117.20 | -34.40 | -318.60 |
| Interest Income Non Operating | - | 2.60 | 2.50 | 1.70 | 1.80 |
| Interest Expense Non Operating | - | 3.20 | 2.90 | 2.80 | 10.50 |
| Net Non Operating Interest Income Expense | - | -0.60 | -0.40 | -1.10 | -8.70 |
| Pretax Income | - | -140.60 | -262.20 | -123.50 | -395.10 |
| Tax Provision | - | -28.60 | 1.10 | 3.80 | -29.20 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -3.44 | -23.69 | -7.46 | -23.64 |
| Net Income Continuous Operations | - | -112 | -263.30 | -127.30 | -365.90 |
| Net Income From Continuing And Discontinued Operation | - | -112 | -263.30 | -127.30 | -365.90 |
| Net Income From Continuing Operation Net Minority Interest | - | -112 | -263.30 | -127.30 | -365.90 |
| Net Income | - | -112 | -263.30 | -127.30 | -365.90 |
| Net Income Common Stockholders | - | -112 | -263.30 | -127.30 | -365.90 |
| Net Income Including Noncontrolling Interests | - | -112 | -263.30 | -127.30 | -365.90 |
| Normalized Income | - | -98.54 | -174.19 | -99.26 | -70.14 |
| Diluted NI Availto Com Stockholders | - | -112 | -263.30 | -127.30 | -365.90 |
| Basic Average Shares | - | 80.60 | 82.80 | 90.60 | 92.60 |
| Diluted Average Shares | - | 80.60 | 82.80 | 90.60 | 92.60 |
| Reconciled Depreciation | - | 52.70 | 61.90 | 61.20 | 53.70 |
| Reconciled Cost Of Revenue | - | 202 | 236.20 | 252.20 | 247.90 |
| Total Unusual Items | - | -16.90 | -112.80 | -35.50 | -319.40 |
| Total Unusual Items Excluding Goodwill | - | -16.90 | -112.80 | -35.50 | -319.40 |
| Minority Interests | 0 | 0 | - | - | - |
| Special Income Charges | - | -16.90 | -112.80 | -35.50 | -319.40 |
| Other Special Charges | 62 | - | 112.80 | -21.30 | - |
| Impairment Of Capital Assets | - | 16.90 | 0 | 56.80 | 319.40 |
| General And Administrative Expense | - | 247.90 | 283.70 | 275.90 | 256.80 |
| Other Gand A | - | 247.90 | 283.70 | 275.90 | 256.80 |
| Selling And Marketing Expense | - | 266.80 | 289.20 | 284.10 | 280.80 |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Myriad Genetics, Inc.this co. | MYGN | $443M | -1.21 | 1.20 | -99.4% | -1.52 |
| Editas Medicine, Inc. | EDIT | $459M | -2.87 | 16.82 | -586.6% | -2.22 |
| NRC Health | NRC | $445M | 38.37 | 31.82 | 82.9% | 17.20 |
| Varex Imaging Corporation | VREX | $441M | - | 0.93 | -14.9% | 973.79 |
| Emergent BioSolutions Inc. | EBS | $435M | 8.28 |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.83 |
| 10.1% |
| 3.37 |
| Evolus, Inc. | EOLS | $435M | -8.42 | -18.81 | 223.5% | -23.79 |
| Rezolute, Inc. | RZLT | $434M | -5.84 | 2.68 | -45.9% | -4.28 |
| Neurogene Inc. | NGNE | $434M | -4.81 | 1.64 | -34.1% | -3.91 |
| ClearPoint Neuro, Inc. | CLPT | $429M | -16.81 | 15.33 | -91.1% | -21.18 |
| Peer Median | - | -4.81 | 2.16 | -24.5% | -3.07 | |