GeneDx Holdings (WGS) Gross Margin (2020 - 2026)

GeneDx Holdings (WGS) reported Gross Margin of 66.71% for Q1 2026, down 42.0% year-over-year from 115.01% in Q1 2025, and down 4.22% quarter-over-quarter from 69.65% in Q4 2025.

GeneDx Holdings (WGS) Gross Margin (2020 - 2026) Analysis & Trends

GeneDx Holdings (WGS) has 7 years of Gross Margin data on file, last reported at 66.71% in Q1 2026.

  • Gross Margin for Q1 2026 came in at 66.71%, down 42.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 69.56% (up 429.0% YoY), and the FY2025 annual result was 69.74%, up 610.0% from the prior year.
  • Gross Margin declined to 66.71% in Q1 2026 per WGS's latest filing, from 69.65% in the prior quarter.
  • Over five years, Gross Margin peaked at 72.4% in Q3 2025 and troughed at 81.83% in Q2 2022.
  • A 5-year average of 40.6% and a median of 59.93% in 2024 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 7936 bps in 2022, then jumped 12034 bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 26.61% in 2022, then surged by 301 bps to 53.56% in 2023, then gained by 29 bps to 69.22% in 2024, then gained by 1 bps to 69.65% in 2025, then retreated by 4 bps to 66.71% in 2026.
  • Business Quant data shows WGS's Gross Margin at 66.71% in Q1 2026, 69.65% in Q4 2025, and 72.4% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn 87.77%
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 70.37%
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 60.34%
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 63.35%
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 53.95%
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn 32.64%
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn 99.91%
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 66.09%
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 58.68%
10 GeneDx Holdings 1.52 Bn 1.35 Bn 68.21 Mn 66.71%

Historic Data

Download Data
DateValue
Mar 31, 2026 66.71%
Dec 31, 2025 69.65%
Sep 30, 2025 72.40%
Jun 30, 2025 69.04%
Mar 31, 2025 67.13%
Dec 31, 2024 69.22%
Sep 30, 2024 62.22%
Jun 30, 2024 60.91%
Mar 31, 2024 59.93%
Dec 31, 2023 53.56%
Sep 30, 2023 47.39%
Jun 30, 2023 38.51%
Mar 31, 2023 35.32%
Dec 31, 2022 -26.61%
Sep 30, 2022 16.28%
Jun 30, 2022 -81.83%
Mar 31, 2022 10.43%
Dec 31, 2021 -4.85%
Sep 30, 2021 -19.24%
Jun 30, 2021 -2.48%