Biodesix, Inc. is a data-driven diagnostic solutions provider operating across the United States. Its primary focus includes a comprehensive suite of blood-based lung tests, marketed as the Nodify Lung Nodule Risk Assessment (which includes Nodify XL2 and Nodify CDT). These assessments enable clinicians to evaluate the risk of lung cancer in patients with suspicious nodules, aiding in the reclassification of malignancy risk and guiding appropriate treatment pathways. Beyond risk assessment, Biodesix offers additional lung cancer diagnostics such as GeneStrat ddPCR, which detects specific tumor mutations, and VeriStrat, which gauges the patient's immune system status. Both are crucial for establishing prognosis and informing treatment plans. Another offering is the GeneStrat NGS (Next-Generation Sequencing) test, a rapid, blood-based sequencing solution providing results within 72 hours. Through a partnership with Bio-Rad Laboratories, Inc., Biodesix also provides COVID-19 testing services under its Biodesix WorkSafe program, featuring the Bio-Rad SARS-CoV-2 ddPCR test and the Platelia SARS-CoV-2 Total Ab test, an antibody assay for detecting a B-cell immune response indicating recent or prior infection. Furthermore, the company extends its expertise to biopharmaceutical companies, offering diagnostic and clinical research services, alongside clinical trial testing. It also actively discovers, develops, and commercializes companion diagnostics. Originally incorporated as Elston Technologies, Inc. in 2005, Biodesix, Inc. maintains its headquarters in Boulder, Colorado.
Biodesix Announces Second Quarter 2026 Results and Highlights
Biodesix reported Q2 2026 revenue of $26.9 million, a 34% increase year-over-year, driven by a 42% surge in Diagnostic Testing revenue. Gross margin improved to 82%, supported by higher test volumes and better revenue cycle management.
The company significantly improved its profitability metrics, narrowing its net loss by 37% and reducing its Adjusted EBITDA loss by 56%. Operating expenses excluding direct costs rose only 7%, demonstrating strong operating leverage.
Cash and cash equivalents increased 17% to $30.0 million, supplemented by $6.5 million in ATM proceeds. Management maintained its full-year 2026 revenue guidance of $108 million to $114 million, representing 25% growth at the midpoint.