Neogen Corporation
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $870.4M | $894.7M | $924.2M | $822.4M | $527.2M | $468.5M | $418.2M | $414.2M |
| Cost of Revenue | $461.9M | $473.3M | $460.3M | $416.5M | $284.1M | $253.4M | $221.9M | $222.3M |
| Gross Profit | $408.5M | $421.4M | $463.9M | $406.0M | $243.0M | $215.1M | $196.3M | $191.9M |
| Gross Margin | 46.9% | 47.1% | 50.2% | 49.4% | 46.1% | 45.9% | 46.9% | 46.3% |
| Operating Expenses | ||||||||
| Research & Development | $18.4M | $21.1M | $22.5M | $26.0M | $17.0M | $16.2M | $14.8M | $12.8M |
| SG&A Expense | $245.1M | $218.2M | $199.9M | $201.2M | $82.7M | $51.2M | $44.3M | $40.8M |
| Operating Income | $-21.6M | $-1.06B | $58.6M | $37.5M | $58.6M | $74.2M | $67.5M | $68.1M |
| Operating Margin | -2.5% | -118.6% | 6.3% | 4.6% | 11.1% | 15.8% | 16.1% | 16.4% |
| Interest Expense | $24.1M | $38.1M | $42.2M | $27.3M | — | — | — | — |
| Pretax Income | $-9.0M | $-1.13B | $-14.3M | $-22.0M | $60.2M | $75.3M | $72.3M | $73.0M |
| Income Tax Expense | $-1.1M | $-41.1M | $-4.9M | $828.0K | $11.9M | $14.4M | $12.8M | $12.8M |
| Net Income | $-7.9M | $-1.09B | $-9.4M | $-22.9M | $48.3M | $60.9M | $59.5M | $60.2M |
| Net Margin | -0.9% | -122.1% | -1.0% | -2.8% | 9.2% | 13.0% | 14.2% | 14.5% |
| EPS (Basic) | $-0.04 | $-5.03 | $-0.04 | $-0.12 | $0.45 | $0.57 | $0.57 | $0.58 |
| EPS (Diluted) | $-0.04 | $-5.03 | $-0.04 | $-0.12 | $0.45 | $0.57 | $0.56 | $0.57 |
| Shares Outstanding (Basic) | 217.5M | 216.9M | 216.5M | 188.9M | 107.7M | 106.5M | 105.1M | 103.8M |
| Shares Outstanding (Diluted) | 217.5M | 216.9M | 216.5M | 188.9M | 108.0M | 107.1M | 105.7M | 104.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |