Biodesix (BDSX) Announces Strong Preliminary Q4 and Full-Year 2025 Results
Published on January 12, 2026
Financial Highlights for Q4 and Fiscal Year 2025
Biodesix, Inc. (Nasdaq: BDSX), a leader in diagnostic solutions, reported estimated preliminary revenues for the fourth quarter and full fiscal year 2025. The results reflect significant growth in both total and Lung Diagnostics revenues, marking a promising end to the year.
- Q4 2025 Revenue: Estimated at $28.8 million, representing a 41% increase year-over-year.
- Full-Year Revenue 2025: Estimated at $88.5 million, an increase of 24% compared to 2024.
- Guidance: Positive Adjusted EBITDA anticipated for Q4 2025.
CEO Scott Hutton Comments on Performance
Scott Hutton, Chief Executive Officer of Biodesix, expressed optimism about the company’s performance in 2025. He stated, “Biodesix finished 2025 with a strong fourth quarter, delivering estimated revenue of $88.5 million, which exceeds the high end of our revised guidance of $84-$86 million.”
Hutton highlighted the specific drivers behind this growth, noting the increase in test volumes and the expansion of reimbursement frameworks, which contributed to accelerated revenue growth in Lung Diagnostics.
Dive Into Revenue Streams
Biodesix's progress can be further assessed by examining its key revenue streams:
- Lung Diagnostics Revenue: Estimated at $25.2 million for Q4 and $79.2 million for FY 2025, with increases of 47% and 22%, respectively.
- Test Volumes: Recorded at 18,000 and 62,600 tests for Q4 and FY 2025, marking increases of 23% and 15%.
- Development Services Revenue: Estimated at $3.6 million for Q4 and $9.3 million for FY 2025, which reflects increases of 13% and 41%.
- Cash Reserves: Biodesix reported cash and cash equivalents totaling $19.0 million at the end of 2025, a 14% increase from the previous quarter.
Looking Ahead: Expectations for 2026
Biodesix is committed to building upon its 2025 achievements with continued focus on its innovative diagnostic tests, including Nodify Lung® and IQLung®. The company is dedicated to enhancing clinical outcomes for patients and expects to further improve its revenue trajectories in the coming year.
About Biodesix
Biodesix is a premier diagnostic solutions company focused on improving clinical care and outcomes for patients suffering from lung diseases. Their advanced tests facilitate informed medical decisions and aim to enhance patient outcomes significantly.
Disclaimer
This release may contain forward-looking statements that involve substantial risks and uncertainties, as defined by the Private Securities Litigation Reform Act of 1995. Such statements rely on management’s expectations and projections regarding future events and are subject to various risks that may cause actual outcomes to differ significantly.