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NeoGenomics, Inc.
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🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High | BRS 86 Ready · stale View all →
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$2.2B
Market Cap
—
P/E
1.70
PEG
-5.5%
ROCE
-6.3%
ROE
0.57
D/E
-5.4%
OPM
-12.7%
% from 52W High
93
α RS
🔍 NEO is showing a sector-leadership setup because Sector RRG has Health Care in the Leading quadrant with the trail still weakening further, RS Rating is 93 (top decile vs market), an ECS of 77.5 last quarter, and it has maintained a 35-day Stage 2 momentum persistence. Net: Broad signal stack, not a recommendation. ? RRG RS Rating ECS Momentum Streaks
Sources
Health Care in Leading quadrant · RS Rating 93 · ECS 77.5 · Stage 2 streak: 35d
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🌏 Global Investor Returns
Currency-adjusted total returns for NEO including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Peer Medians
About

NeoGenomics, Inc. operates a network of cancer-focused testing laboratories in the United States and the United Kingdom. The company offers testing services to hospitals, academic centers, pathologists, oncologists, clinicians, pharmaceutical companies, and clinical laboratories. It also provides cytogenetics testing services to study normal and abnormal chromosomes and their relationship to diseases; fluorescence in-situ hybridization testing services that focus on detecting and locating the presence or absence of specific DNA sequences and genes on chromosomes; flow cytometry testing services to measure the characteristics of cell populations; and immunohistochemistry and digital imaging testing services to localize cellular proteins in tissue section, as well as to allow clients to visualize scanned slides, and perform quantitative analysis for various stains. In addition, the company offers molecular testing services, which focus on the analysis of DNA and/or RNA, and the structure and function of genes at the molecular level; morphologic analysis, which is the process of analyzing cells under the microscope by a pathologist for the purpose of diagnosis; and testing services in support of its pharmaceutical clients’ oncology programs covering discovery and commercialization. The company was founded in 2001 and is headquartered in Fort Myers, Florida.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 254.2K $1.9M 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED NeoGenomics Q1 2026: Revenue $186.7M (+11% YoY), NGS up 26%
Revenue & Profitability
In Q1 2026, NeoGenomics reported total revenue of $186.7M, up 11% year-over-year. Clinical revenue was $171.2M (+14%), driven by 6% volume growth and 8% AUP growth. Non-clinical revenue was $15.5M (-15%). Adjusted EBITDA was $9M, up 27%, with margin expanding 60 bps. Full-year 2026 revenue guidance was raised to $797M-$803M, while adjusted EBITDA guidance was maintained at $55M-$57M.
Outlook
Management believes the company is well positioned to deliver consistent double-digit revenue growth. The NGS market, addressing therapy selection, and the MRD market ($20B opportunity) are both growing robustly but remain relatively modest in penetration. Headwinds include higher freight costs and fuel surcharges due to the geopolitical environment, but the non-clinical business is believed to be near the bottom with sequential growth expected in the back half of the year.
Growth Drivers
Key growth levers include the PanTracer family (tissue and liquid biopsy), which contributed to NGS revenue growth of 26% (16% volume, 10% AUP), and the RaDaR ST MRD test launched in February 2026. The company plans to add roughly 25 sales resources by Q3 to support further penetration in therapy selection and MRD. Expansion of the PanTracer Pro workflow and Epic Aura interfaces are expected to drive adoption and test volume growth.
Balance Sheet & CapEx
Not discussed in detail in this earnings call. Management referenced 'Lab of the Future' initiatives including strategic sourcing, digital pathology, lab automation, and platform upgrades as drivers of gross margin expansion, but no specific capex figures were provided.
Margins
In Q1 2026, adjusted gross margin was 46%, down 80 bps year-over-year due to the dilutive impact of the Pathline acquisition and PanTracer Liquid launch headwinds. Management expects ~100 bps of gross margin expansion in 2026 driven by Lab of the Future initiatives, AUP growth, and lab efficiency. Adjusted EBITDA margin improved 60 bps to about 4.8% ($9M/$186.7M), with operating leverage in G&A offsetting gross margin headwinds.
Key Risks
Risks flagged include geopolitical factors increasing freight costs and fuel surcharges, reliance on MolDX reimbursement decisions for new tests (e.g., RaDaR ST additional indications), potential softness in the pharma non-clinical business, and execution risks related to new product launches and sales force expansion. Management noted they have taken actions to offset these pressures.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (6 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (6)
Q3 2026 Q3 2026 2026-10-28
Q3 revenue rose 11% and adjusted EBITDA rose 53%, led by NGS growth and margin expansion. FY2026 revenue and adjusted EBITDA guidance increased, while leadership transition and further investment in NGS and MRD are planned.
Q2 2026 Q2 2026 2026-07-28
Q2 revenue rose 11% year-over-year to $201.7 million, led by 14% clinical growth and 26% NGS growth. Gross margin expanded 260 bps, and adjusted EBITDA grew 36%. Full-year guidance was raised, with continued focus on high-value testing, margin expansion, and commercial execution.
Q1 2026 Q1 2026 2026-04-28
Q1 2026 saw 11% revenue growth to $186.7M, led by 26% NGS growth and strong clinical demand. Guidance for 2026 was raised, with new product launches and reimbursement wins expected to drive further gains. Adjusted EBITDA rose 27% year-over-year.
Q4 2025 Q4 2025 2026-02-17
Q4 and full-year results showed double-digit revenue growth, driven by strong clinical and NGS performance, with new product launches and strategic focus on high-value testing. 2026 guidance anticipates continued revenue and margin expansion, supported by new product adoption and operational efficiencies.
Q3 2025 Q3 2025 2025-10-28
Q3 2025 saw record clinical volumes and 12% revenue growth, driven by strong NGS and MRD performance, while non-clinical revenue declined. Guidance for 2025 was reiterated, with continued investment in R&D and operational efficiencies, and major product launches expected to drive growth in 2026.
Q2 2025 Q2 2025 2025-07-29
Q2 revenue grew 10% year-over-year to $181M, led by strong clinical and NGS growth, but pharma revenue declined 26% due to macro headwinds. 2025 guidance was revised down to $720–$726M, with a focus on execution, new product launches, and operational efficiency.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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