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CareDx, Inc

CareDx, Inc

NASDAQ•CDNA
CEO: Mr. Abhishek Jain
Sector: Healthcare
Industry: Medical - Diagnostics & Research
Listing Date: 2014-07-17
CareDx, Inc. engages in the discovery, development, and commercialization of diagnostic solutions for transplant patients and caregivers in the United States and internationally. It also provides AlloSure Kidney, a donor-derived cell-free DNA (dd-cfDNA) solution for kidney transplant patients; AlloMap Heart, a gene expression solution for heart transplant patients; AlloSure Heart, a dd-cfDNA solution for heart transplant patients; and AlloSure Lung, a dd-cfDNA solution for lung transplant patients. The company offers Olerup SSP, which is used to type human leukocyte antigen (HLA) alleles based on sequence specific primer technology; QTYPE that enables precision in HLA typing; and Ottr, a transplant patient management software. In addition, it provides AlloSeq Tx, a high-resolution HLA typing solution; AlloSeq cfDNA, a surveillance solution to measure dd-cfDNA in blood; AlloSeq HCT, a solution for chimerism testing for stem cell transplant recipients; Allocell, a surveillance solution that monitors the level of engraftment and persistence of allogeneic cells for patients who have received cell therapy transplants; and XynQAPI cloud-based transplant quality management software, as well as AlloCare, a mobile app that offers a patient-centric resource for transplant recipients. The company offers its products directly to customers, as well as through third-party distributors and sub-distributors. It has a license agreement with Illumina, Inc. for the distribution, development, and commercialization of NGS products and technologies; and Cibiltech SAS to commercialize iBox, a software for the predictive analysis of post-transplantation kidney allograft loss. The company was formerly known as XDx, Inc. and changed its name to CareDx, Inc. in March 2014. The company was incorporated in 1998 and is headquartered in South San Francisco, California.
Contact Information
8000 Marina Boulevard, Brisbane, South San Francisco, CA, 94005, United States
415-287-2300
caredx.com
Market Cap
$998.35M
P/E (TTM)
16.8
26.3
Dividend Yield
--
52W High
$26.24
52W Low
$10.96
52W Range
55%
2.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$100.06M+20.72%
4-Quarter Trend

EPS

$0.03-121.43%
4-Quarter Trend

FCF

$36.05M+232.68%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Growth Strong Total revenue reached $100.1M for the quarter, marking a 21% increase driven by testing services and digital solutions growth.
Return to Profitability Net income was $1.7M, reversing prior period $10.6M loss, reflecting a significant 116% improvement in profitability.
Strong Cash Position Cash, equivalents, and marketable securities total $194.2M as of September 30, 2025, with no debt outstanding reported.
Litigation Expense Reduction Litigation settlement expense was $0 for the quarter, down $5.7M compared to Q3 2024, aiding operational results.

Risk Factors

Continued Net Loss Expectation Expect continued net losses for several years despite recent profit; accumulated deficit stands at $719.0M as of September 30, 2025.
Medicare Reimbursement Uncertainty Substantial revenue reliance on Medicare (48% of testing revenue); changes in reimbursement practices could severely impact financial performance.
Unremediated Internal Control Weakness Material weakness in internal control over financial reporting remains unremediated as of September 30, 2025, risking future reporting accuracy.
Diagnostic Solution Adoption Risk Failure to gain acceptance from clinicians and payers for diagnostic solutions limits future sales growth and market penetration.

Outlook

Investing in New Solutions Expect continued investment in research and development to expand product pipeline and diversify revenue sources over time.
Internal Control Remediation Focus Management committed to remediation plan for control weakness, now transitioning into testing and evaluation phase for effectiveness.
Future Capital Requirements Expect capital expenditures to increase, potentially requiring raising additional capital for infrastructure and commercial expansion next several years.

Peer Comparison

Revenue (TTM)

AMN Healthcare Services, Inc.AMN
$2.72B
-11.4%
Embecta Corp.EMBC
$1.08B
-3.8%
Myriad Genetics, Inc.MYGN
$832.90M
+3.8%

Gross Margin (Latest Quarter)

CorMedix Inc.CRMD
89.3%
-4.7pp
UroGen Pharma Ltd.URGN
85.3%
-4.5pp
Myriad Genetics, Inc.MYGN
71.2%
+1.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
URGN$1.14B-7.5503.5%60.3%
CDNA$998.35M16.817.4%4.9%
PSNL$930.62M-12.6-38.3%13.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.9%
Moderate Growth
4Q Net Income CAGR
-72.2%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $100.06M+20.7%
    |
    EPS: $0.03-121.4%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $86.68M-6.1%
    |
    EPS: $-0.16+499.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 30, 2025|
    Revenue: $84.69M+17.5%
    |
    EPS: $-0.19-40.6%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $333.79M+19.1%
    |
    EPS: $1.00+128.2%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 4, 2024|
    Revenue: $82.88M+23.4%
    |
    EPS: $-0.14-67.4%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $92.27M+31.3%
    |
    EPS: $-0.03-94.2%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $72.05M-6.7%
    |
    EPS: $-0.32-27.3%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 28, 2024|
    Revenue: $280.32M-12.9%
    |
    EPS: $-3.54-145.8%
    Miss