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Caris Life Sciences vs Veracyte: revenue, profit, margins and growth compared

Caris Life Sciences brought in $812M of revenue in fiscal 2025, Veracyte $517.1M in fiscal 2025. Revenue changed by +97.0% at Caris Life Sciences and +16.0% at Veracyte on the year before, so Caris Life Sciences grew faster. Caris Life Sciences kept -8.4% of its revenue as net profit, Veracyte 12.8%. Free cash flow was $66.9M at Caris Life Sciences and $126.6M at Veracyte.

Side by side, latest fiscal year

CAIVCYT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$812M$517.1M
Revenue growth+97.0%+16.0%
Net income-$68.1M$66.4M
Net margin-8.4%12.8%
Free cash flow$66.9M$126.6M
Free cash flow margin8.2%24.5%
Earnings per share (diluted)-$3.22$0.82
Cash$796.3M$362.6M
Debt$378.5Mn/a
Price to earningsn/a55.4
Market value$9B$3.7B
Dividend yieldn/an/a
Rank by revenue in sector#161 of 523 · Health care#190 of 523 · Health care

Over the years

Revenue
CAI FY2023: $306.1MCAI FY2025: $412.3MCAI FY2025: $812MVCYT FY2018: $92MVCYT FY2019: $120.4MVCYT FY2020: $117.5MVCYT FY2021: $219.5MVCYT FY2022: $296.5MVCYT FY2023: $361.1MVCYT FY2024: $445.8MVCYT FY2025: $517.1MFY18FY19FY20FY21FY22FY23FY24FY25
CAI $812MVCYT $517.1M
Net income
CAI FY2023: -$341.4MCAI FY2025: -$281.9MCAI FY2025: -$68.1MVCYT FY2018: -$23MVCYT FY2019: -$12.6MVCYT FY2020: -$34.9MVCYT FY2021: -$75.6MVCYT FY2022: -$36.6MVCYT FY2023: -$74.4MVCYT FY2024: $24.1MVCYT FY2025: $66.4MFY18FY19FY20FY21FY22FY23FY24FY25
CAI -$68.1MVCYT $66.4M
Net margin
CAI FY2023: -111.5%CAI FY2025: -68.4%CAI FY2025: -8.4%VCYT FY2018: -25.0%VCYT FY2019: -10.5%VCYT FY2020: -29.7%VCYT FY2021: -34.4%VCYT FY2022: -12.3%VCYT FY2023: -20.6%VCYT FY2024: 5.4%VCYT FY2025: 12.8%FY18FY19FY20FY21FY22FY23FY24FY25
CAI -8.4%VCYT 12.8%
Revenue growth
CAI FY2025: +34.7%CAI FY2025: +97.0%VCYT FY2019: +30.8%VCYT FY2020: -2.4%VCYT FY2021: +86.8%VCYT FY2022: +35.1%VCYT FY2023: +21.8%VCYT FY2024: +23.5%VCYT FY2025: +16.0%FY19FY20FY21FY22FY23FY24FY25
CAI +97.0%VCYT +16.0%
Free cash flow
CAI FY2023: -$298.4MCAI FY2025: -$253.6MCAI FY2025: $66.9MVCYT FY2018: -$15.4MVCYT FY2019: -$6MVCYT FY2020: -$12.5MVCYT FY2021: -$37MVCYT FY2022: -$1MVCYT FY2023: $34.3MVCYT FY2024: $63.8MVCYT FY2025: $126.6MFY18FY19FY20FY21FY22FY23FY24FY25
CAI $66.9MVCYT $126.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Caris Life Sciences and Veracyte

Which is bigger by revenue, Caris Life Sciences or Veracyte?

Caris Life Sciences is bigger by revenue: $812M in fiscal 2025, against $517.1M for Veracyte in fiscal 2025.

Which keeps more of its revenue as profit, Caris Life Sciences or Veracyte?

Caris Life Sciences had a net margin of -8.4% in fiscal 2025; Veracyte had 12.8% in fiscal 2025.

Which grew revenue faster, Caris Life Sciences or Veracyte?

In their latest fiscal years revenue changed by +97.0% at Caris Life Sciences and +16.0% at Veracyte.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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