Biodesix 2025 Q3 Earnings Beats Expectations with 15% Reduced Net Loss

Biodesix (BDSX) reported Q3 2025 earnings that exceeded expectations, with revenue surpassing forecasts by $820K and GAAP EPS of -$1.16 outperforming estimates by $0.35. The company raised its FY2025 revenue guidance to $84-86 million, reflecting strong performance and operational improvements.

Revenue

Biodesix’s total revenue rose 19.9% year-over-year to $21.77 million in Q3 2025, driven by higher test volumes, average revenue per test, and expanded market reach. The company’s gross profit margin expanded to 81% from 77% in the prior year, underscoring improved operational efficiency.

Earnings/Net Income

The company narrowed its net loss to $8.72 million ( -$1.16 per share) in Q3 2025, a 15.0% improvement from $10.26 million ( -$1.40 per share) in Q3 2024. While losses have persisted for six consecutive years, the reduction highlights progress toward financial stability. Despite ongoing challenges, the 400-basis-point margin expansion and strategic cost management demonstrate resilience.

Price Action

Biodesix’s stock price declined 6.21% in the latest trading day, 4.66% over the past week, and 17.66% month-to-date, reflecting mixed investor sentiment.

Post-Earnings Price Action Review

Following the earnings release, Biodesix’s shares experienced a downturn, with intraday volatility reflecting cautious investor sentiment. The 17.66% monthly decline suggests market skepticism despite improved financial metrics, while the 6.21% daily drop may signal short-term profit-taking or sector-specific pressures. Analysts note the stock’s performance contrasts with the company’s optimistic guidance and operational gains, indicating a potential disconnect between financial progress and market perception.

CEO Commentary

CEO Scott Hutton highlighted Q3’s 20% revenue growth and 81% gross margin, attributing success to higher test volumes and strategic expansion into primary care. He emphasized 75% year-over-year growth in lung diagnostic orders and 97% Development Services revenue growth, expressing confidence in achieving Adjusted EBITDA positivity by Q4 2025.

Guidance

Biodesix raised FY2025 revenue guidance to $84-86 million, citing sustained momentum in lung diagnostics and Development Services. The company anticipates continued growth through payer coverage improvements, new partnerships, and operational efficiency, with a focus on long-term market expansion.

Additional News

Recent developments include Biodesix’s strategic expansion into primary care, which drove a 75% year-over-year increase in lung diagnostic test orders. The company also announced a partnership with Bio-Rad Laboratories to enhance market reach. Additionally, Biodesix reported a 97% growth in Development Services revenue, underscoring its ability to diversify revenue streams. These initiatives align with its focus on operational excellence and long-term growth in the diagnostic solutions industry.

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