QuidelOrtho Corporation (QDEL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 619.8M | 723.6M | 699.9M | 613.9M | 692.8M | 707.8M | 727.1M | 637M | 711M | 742.6M | 744M | 665.1M | 846.1M | 866.5M | 783.8M | 613.4M | 1B | 636.87M | 509.8M | 176.6M |
| Revenue Growth % | -10.54% | 2.23% | -3.74% | -3.63% | -2.56% | -4.69% | -2.27% | -4.22% | -15.97% | -14.3% | -5.08% | 8.43% | -15.58% | 36.06% | 53.75% | 247.34% | 167.04% | -21.3% | 7.09% | -12.47% |
| Cost of Goods Sold | 46.8M | 403.2M | 364.3M | 339M | 349.5M | 381.7M | 374.8M | 361M | 378.9M | 361.3M | 374.6M | 368.6M | 397.5M | 417.5M | 376.3M | 275.9M | 260.3M | 147.53M | 134.4M | 68.6M |
| COGS % of Revenue | 7.55% | 55.72% | 52.05% | 55.22% | 50.45% | 53.93% | 51.55% | 56.67% | 53.29% | 48.65% | 50.35% | 55.42% | 46.98% | 48.18% | 48.01% | 44.98% | 25.97% | 23.16% | 26.36% | 38.84% |
| Gross Profit | 573M | 320.4M | 335.6M | 274.9M | 343.3M | 326.1M | 352.3M | 276M | 332.1M | 381.3M | 369.4M | 296.5M | 448.6M | 449M | 407.5M | 337.5M | 742M | 489.34M | 375.4M | 108M |
| Gross Margin % | 92.45% | 44.28% | 47.95% | 44.78% | 49.55% | 46.07% | 48.45% | 43.33% | 46.71% | 51.35% | 49.65% | 44.58% | 53.02% | 51.82% | 51.99% | 55.02% | 74.03% | 76.84% | 73.64% | 61.16% |
| Gross Profit Growth % | 66.91% | -1.75% | -4.74% | -0.4% | 3.37% | -14.48% | -4.63% | -6.91% | -25.97% | -15.08% | -9.35% | -12.15% | -39.54% | -8.24% | 8.55% | 212.5% | 145.73% | -30.24% | -2.14% | -27.4% |
| Operating Expenses | 244.2M | 386.7M | 1.04B | 455.6M | 310.7M | 426.5M | 337.3M | 393.5M | 2.09B | 341.2M | 343.1M | 323.4M | 349M | 362.5M | 350.7M | 257.8M | 121.3M | 112.61M | 93.6M | 84.7M |
| OpEx % of Revenue | 39.4% | 53.44% | 148.65% | 74.21% | 44.85% | 60.26% | 46.39% | 61.77% | 293.97% | 45.95% | 46.12% | 48.62% | 41.25% | 41.84% | 44.74% | 42.03% | 12.1% | 17.68% | 18.36% | 47.96% |
| Selling, General & Admin | 199.3M | 194.4M | 186.9M | 178M | 187M | 187.5M | 186.4M | 188.2M | 204.7M | 187.6M | 194.1M | 179.1M | 202.4M | 213.6M | 204.2M | 118.4M | 84.8M | 78.7M | 63M | 54.2M |
| SG&A % of Revenue | 32.16% | 26.87% | 26.7% | 28.99% | 26.99% | 26.49% | 25.64% | 29.54% | 28.79% | 25.26% | 26.09% | 26.93% | 23.92% | 24.65% | 26.05% | 19.3% | 8.46% | 12.36% | 12.36% | 30.69% |
| Research & Development | 44.9M | 45.8M | 41.5M | 45.7M | 53.2M | 47.3M | 55.9M | 56.3M | 59.2M | 59.3M | 61.5M | 62.4M | 62.3M | 64.3M | 65.6M | 34.2M | 26.4M | 26.11M | 23.7M | 22.6M |
| R&D % of Revenue | 7.24% | 6.33% | 5.93% | 7.44% | 7.68% | 6.68% | 7.69% | 8.84% | 8.33% | 7.99% | 8.27% | 9.38% | 7.36% | 7.42% | 8.37% | 5.58% | 2.63% | 4.1% | 4.65% | 12.8% |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -31.8M | -66.3M | -704.8M | -180.7M | 32.6M | -100.4M | 15M | -117.5M | -1.76B | 40.1M | 26.3M | -26.9M | 99.6M | 86.5M | 56.8M | 79.7M | 620.7M | 376.73M | 281.8M | 23.3M |
| Operating Margin % | -5.13% | -9.16% | -100.7% | -29.43% | 4.71% | -14.18% | 2.06% | -18.45% | -247.26% | 5.4% | 3.53% | -4.04% | 11.77% | 9.98% | 7.25% | 12.99% | 61.93% | 59.15% | 55.28% | 13.19% |
| Operating Income Growth % | -197.55% | 33.96% | -4798.67% | -53.79% | 101.85% | -350.37% | -42.97% | -336.8% | -1865.06% | -53.64% | -53.7% | -133.75% | -83.95% | -77.04% | -79.84% | 242.06% | 176.86% | -38.95% | -8.49% | -72.15% |
| EBITDA | -31.8M | 46.2M | -592.7M | -70.4M | 139.7M | 8.9M | 128.1M | -1.4M | -1.64B | 155.5M | 139.4M | 87.6M | 213.8M | 203.1M | 161M | 127.2M | 636M | 391.13M | 294.5M | 35.2M |
| EBITDA Margin % | -5.13% | 6.38% | -84.68% | -11.47% | 20.16% | 1.26% | 17.62% | -0.22% | -231.1% | 20.94% | 18.74% | 13.17% | 25.27% | 23.44% | 20.54% | 20.74% | 63.45% | 61.41% | 57.77% | 19.93% |
| EBITDA Growth % | -122.76% | 419.1% | -562.69% | -4928.57% | 108.5% | -94.28% | -8.11% | -101.6% | -868.52% | -23.44% | -13.42% | -31.13% | -66.38% | -48.07% | -45.33% | 261.42% | 168.47% | -37.86% | -8.07% | -63.15% |
| D&A (Non-Cash Add-back) | 0 | 112.5M | 112.1M | 110.3M | 107.1M | 109.3M | 113.1M | 116.1M | 114.9M | 115.4M | 113.1M | 114.5M | 114.2M | 116.6M | 104.2M | 47.5M | 15.3M | 14.4M | 12.7M | 11.89M |
| EBIT | 0 | -69.3M | -709.1M | -186.7M | 33.5M | -96.2M | 20.7M | -115.1M | -1.75B | 37M | 31.1M | -19.7M | 101.4M | 78.3M | 59.8M | 51.6M | 620.7M | 376.73M | 281.6M | 21.7M |
| Net Interest Income | 0 | -40M | -46.1M | -43M | -42.5M | -44.7M | -49.1M | -47.3M | -31.8M | -45.6M | -29.2M | -29.1M | -31.5M | -32.6M | -29.7M | -10.3M | -200K | -1.35M | -1.3M | 100K |
| Interest Income | 0 | 3.1M | 0 | 3.1M | 0 | 800K | 400K | 500K | 0 | 600K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100K |
| Interest Expense | 51.1M | 43.1M | 46.1M | 46.1M | 42.3M | 44.7M | 49.5M | 47.8M | 31.8M | 46.2M | 29.2M | 29.1M | 31.5M | 32.6M | 29.7M | 10.3M | 200K | 1.35M | 1.3M | 0 |
| Other Income/Expense | -47.7M | -46.1M | -52.1M | -48.9M | -41.4M | -40.5M | -43.8M | -45.4M | -40.9M | -49.3M | -41.8M | -37.5M | -39.6M | -45.4M | -25.5M | -36.8M | -100K | -1.35M | -300K | -1.6M |
| Pretax Income | -79.5M | -112.4M | -756.9M | -229.6M | -8.8M | -140.9M | -28.8M | -162.9M | -1.8B | -9.2M | -15.5M | -64.4M | 60M | 41.1M | 31.3M | 42.9M | 620.6M | 375.38M | 281.5M | 21.7M |
| Pretax Margin % | -12.83% | -15.53% | -108.14% | -37.4% | -1.27% | -19.91% | -3.96% | -25.57% | -253.01% | -1.24% | -2.08% | -9.68% | 7.09% | 4.74% | 3.99% | 6.99% | 61.92% | 58.94% | 55.22% | 12.29% |
| Income Tax | 12.3M | 18.3M | -23.9M | 25.8M | 3.9M | 37.5M | -8.9M | -15.2M | -92.9M | -16.2M | -2.8M | -11.2M | 11.2M | 10.8M | 12.1M | 23.6M | 140.7M | 84.06M | 65.8M | 2.6M |
| Effective Tax Rate % | -15.47% | -16.28% | 3.16% | -11.24% | -44.32% | -26.61% | 30.9% | 9.33% | 5.16% | 176.09% | 18.06% | 17.39% | 18.67% | 26.28% | 38.66% | 55.01% | 22.67% | 22.39% | 23.37% | 11.98% |
| Net Income | -91.8M | -130.7M | -733M | -255.4M | -12.7M | -178.4M | -19.9M | -147.7M | -1.71B | 7M | -12.7M | -53.2M | 48.8M | 30.3M | 19.2M | 19.3M | 479.9M | 291.32M | 215.7M | 19.1M |
| Net Margin % | -14.81% | -18.06% | -104.73% | -41.6% | -1.83% | -25.2% | -2.74% | -23.19% | -239.94% | 0.94% | -1.71% | -8% | 5.77% | 3.5% | 2.45% | 3.15% | 47.88% | 45.74% | 42.31% | 10.82% |
| Net Income Growth % | -622.83% | 26.74% | -3583.42% | -72.92% | 99.26% | -2648.57% | -56.69% | -177.63% | -3595.9% | -76.9% | -166.15% | -375.65% | -89.83% | -89.6% | -91.1% | 1.05% | 169.48% | -38.03% | -7.13% | -71.77% |
| Net Income (Continuing) | -91.8M | -130.7M | -733M | -255.4M | -12.7M | -178.4M | -19.9M | -147.7M | -1.71B | 7M | -12.7M | -53.2M | 48.8M | 30.3M | 19.2M | 19.3M | 479.9M | 291.32M | 215.7M | 19.1M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.35 | -1.95 | -10.78 | -3.77 | -0.19 | -2.28 | -0.30 | -2.20 | -25.50 | 0.10 | -0.19 | -0.80 | 0.73 | 0.45 | 0.28 | 0.36 | 11.32 | 6.85 | 5.08 | 0.45 |
| EPS Growth % | -610.53% | 14.47% | -3493.33% | -71.36% | 99.25% | -2380% | -57.89% | -175% | -3593.15% | -77.78% | -167.86% | -322.22% | -93.55% | -93.43% | -94.49% | -20% | 176.77% | -36.46% | -4.69% | -70.97% |
| EPS (Basic) | -1.35 | -1.95 | -10.78 | -3.77 | -0.19 | -2.28 | -0.30 | -2.20 | -25.50 | 0.10 | -0.19 | -0.80 | 0.73 | 0.46 | 0.29 | 0.37 | 11.45 | 6.98 | 5.17 | 0.46 |
| Diluted Shares Outstanding | 68.2M | 67.8M | 68M | 67.7M | 67.5M | 67.2M | 67.3M | 67.1M | 66.9M | 67.3M | 66.9M | 66.8M | 67.1M | 66.9M | 67.5M | 52.9M | 42.4M | 42.5M | 42.5M | 42.44M |
| Basic Shares Outstanding | 68.2M | 67.8M | 68M | 67.7M | 67.5M | 67.2M | 67.3M | 67.1M | 66.9M | 66.9M | 66.9M | 66.8M | 66.6M | 66.3M | 66.9M | 52.2M | 41.9M | 42.43M | 42.46M | 42.4M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | 185.71% | - | - | - | - | - | - | - | - | - | - |