Company: MYGN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000899923-25-000086
Chunk: 43

Company: MYRIAD GENETICS INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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% decrease in average revenue per test.  

Cost of Revenue

Six months ended June 30,(in millions)20252024Change% ChangeCost of revenue$123.0 $128.9 $(5.9)(5)%Cost of revenue as a % of total revenue30.1 %31.2 %

Cost of revenue for the six months ended June 30, 2025 decreased $5.9 million compared to the same period in the prior year primarily due to a reduction in the cost per test for the current period driven by reduction in the cost of laboratory reagents and supplies. 

Research and Development Expense

Six months ended June 30,(in millions)20252024Change% ChangeResearch and development expense$53.1 $52.7 $0.4 1 %Research and development expense as a % of total revenue13.0 %12.7 % 

Research and development expense for the six months ended June 30, 2025 were relatively consistent with the expenses incurred in the same period of the prior year, reflecting stable operating activities across the business.

Sales and Marketing Expense

Six months ended June 30,(in millions)20252024Change% ChangeSales and marketing expense$141.1 142.2 $(1.1)(1)%Sales and marketing expense as a % of total revenue34.5 %34.4 %

Sales and marketing expense for the six months ended June 30, 2025 were relatively consistent with the expenses incurred in the same period of the prior year, reflecting stable operating activities across the business. 

General and Administrative Expense

Six months ended June 30,(in millions)20252024Change% ChangeGeneral and administrative expense$133.3 142.7 $(9.4)(7)%General and administrative expense as a % of total revenue32.6 %34.5 %

General and administrative expense decreased by $9.4 million for the six months ended June 30, 2025 compared to the prior year primarily due to a decrease of $4.1 million in consulting fees, a $3.4 million decrease in amortization for previously impaired intangible assets, and a $3.2 million decrease in compensation and benefits.

26

Goodwill and Long-lived Asset Impairment Charges

Six months ended June 30,(in millions)20252024Change% ChangeGoodwill and long-lived asset impairment charges$316.7 $11.