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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
$772.86M
P/E (TTM)
15.3
31
Dividend Yield
--
52W High
$26.37
52W Low
$10.96
52W Range
23%
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

Q2 2025 Data

Revenue

$86.68M-6.06%
4-Quarter Trend

EPS

-$0.16+491.01%
4-Quarter Trend

FCF

$9.90M-42.33%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

Quarterly Revenue Declined 6% Total revenue was $86.7M, down 6% due to $8.9M decrease in testing services revenue compared to prior year.
Product Digital Revenue Growth Product revenue increased 12% to $11.8M; Patient and digital solutions revenue grew 19% to $12.8M for the quarter.
Net Loss Widened Significantly Net loss reached $8.6M, an 85% increase in loss compared to $4.6M net loss reported in the prior year period.
Cash Position Maintained Cash, cash equivalents, and restricted cash totaled $68.8M at June 30, 2025, following $50.0M share repurchase activity.

Risk Factors

Control Weakness Not Remediated Material weakness in internal control over financial reporting (COSO framework) remains uncorrected as of June 30, 2025.
Medicare Revenue Concentration Risk Substantial revenue concentration exists; Medicare accounted for 48% of testing services revenue for the three months ended June 30.
Ongoing Litigation Exposure Contingent litigation liabilities remain, including potential adverse outcomes from Natera suit and Securities Class Action settlement.
Operating Expenses Exceed Revenue Total operating expenses of $97.8M exceeded quarterly revenue of $86.7M, resulting in increased operating loss.

Outlook

New Share Repurchase Program Board authorized new $50.0M share repurchase program commencing May 30, 2025, for up to two years duration.
12-Month Cash Sufficiency Expect existing cash balance and operational cash flow sufficient to meet anticipated cash requirements for next 12 months.
R&D Pipeline Development Expect continued investment in research and development to expand services, products, and diversify revenue sources going forward.

Peer Comparison

Revenue (TTM)

AMN Healthcare Services, Inc.AMN
$2.77B
-14.3%
Embecta Corp.EMBC
$1.10B
-1.5%
Myriad Genetics, Inc.MYGN
$832.90M
+3.8%

Gross Margin (Latest Quarter)

CorMedix Inc.CRMD
95.3%
+58.6 pp
UroGen Pharma Ltd.URGN
85.3%
-4.5 pp
Myriad Genetics, Inc.MYGN
71.2%
+1.7 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
URGN$916.49M-6.1503.5%60.3%
CRMD$852.42M15.242.7%0.2%
EMBC$790.72M9.5-11.4%129.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+1.5%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q4 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|Refer to amended data
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $86.68M-6.1%
    |
    EPS: $-0.16+491.0%
    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