Company: VCYT
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001384101-25-000110
Chunk: 126

Company: VERACYTE, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 126
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 $1.8 million, or 4%, for the six months ended June 30, 2025 compared to the same period in 2024. The increase was primarily due to annual merit increases, headcount additions and the impact of stock-based compensation related to employee exits in the prior year period, offset in part by the reduction of Envisia sales support. 

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Direct marketing expense decreased primarily due to the timing of trade show events. Further, there was an increase in allocated costs from general and administrative expenses.

General and administrative

Comparison of the three and six months ended June 30, 2025 and 2024 is as follows (in thousands of dollars, except percentages):

 Three Months Ended June 30,Six Months Ended June 30, 20252024Change%20252024Change%General and administrative expense:        Compensation expense$21,260 $23,107 $(1,847)(8)%$41,433 $40,866 $567 1 %Professional fees11,995 6,616 5,379 81 %26,716 14,080 12,636 90 %Information technology expense3,636 3,089 547 18 %7,225 5,830 1,395 24 %Occupancy costs2,807 2,539 268 11 %5,918 5,092 826 16 %Depreciation and amortization960 999 (39)(4)%2,016 1,965 51 3 %Revaluation of acquisition-related contingent consideration(925)857 (1,782)(208)%(2,879)863 (3,742)(434)%Other expenses1,261 1,344 (83)(6)%2,628 2,651 (23)(1)%Allocations(8,663)(6,806)(1,857)27 %(16,918)(13,392)(3,526)26 %Total$32,331 $31,745 $586 2 %$66,139 $57,955 $8,184 14 %

General and administrative expense increased by $0.6 million for the three months ended June 30, 2025, compared to the same period in 2024. The results were impacted primarily by an increase of $4.2 million in professional