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

GeneDx Holdings (WGS) posted quarterly Gross Margin of 66.71% for Q1 2026, down 42.0% YoY from 115.01% in Q1 2025, and down 4.22% sequentially from 69.65% in Q4 2025.

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

GeneDx Holdings has disclosed Gross Margin across 7 years of filings, most recently posting 66.71% for Q1 2026.

  • In Q1 2026, Gross Margin fell 42.0% year-over-year to 66.71%; the TTM figure through Mar 2026 stood at 69.56% (up 429.0% YoY), while the FY2025 annual figure was 69.74%, up 610.0% from the prior year.
  • Gross Margin retreated to 66.71% in Q1 2026, from 69.65% in the prior quarter.
  • Over the last five years, Gross Margin for WGS reached as high as 72.4% in Q3 2025 and fell as low as 81.83% in Q2 2022.
  • The 5-year median for Gross Margin is 59.93% (2024), against an average of 40.6%.
  • Annual changes were most pronounced in 2022 — Gross Margin sank 7936 bps — and 2023, when it jumped 12034 bps.
  • 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.
  • According to Business Quant data, Gross Margin over the past three periods registered 66.71%, 69.65%, and 72.4% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 87.77%
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 70.37%
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 60.34%
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 63.35%
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 99.91%
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 53.95%
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 32.64%
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 66.09%
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 58.68%
10 GeneDx Holdings 2.10 Bn 1.93 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%