Company: VCYT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001384101-25-000130
Chunk: 107

Company: VERACYTE, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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70,610 $3,615 5 %

Selling and marketing expense increased $1.8 million, or 8%, for the three months ended September 30, 2025 compared to the same period in 2024. The increase in compensation expense was primarily related to annual merit increases and headcount additions. Further, there was an increase in allocated costs from general and administrative expenses.

Selling and marketing expense increased $3.6 million, or 5%, for the nine months ended September 30, 2025 compared to the same period in 2024. The increase was primarily due to annual merit increases and headcount additions offset in part by the reduction of Envisia sales support and associated restructuring costs. 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.

30

General and administrative

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

 Three Months Ended September 30,Nine Months Ended September 30, 20252024Change%20252024Change%General and administrative expense:        Compensation expense$20,688 $18,958 $1,730 9 %$62,121 $59,824 $2,297 4 %Professional fees6,193 5,796 397 7 %32,908 19,876 13,032 66 %Information technology expense3,794 3,057 737 24 %11,019 8,887 2,132 24 %Occupancy costs2,565 2,736 (171)(6)%8,482 7,828 654 8 %Depreciation and amortization861 1,105 (244)(22)%2,876 3,070 (194)(6)%Revaluation of acquisition-related contingent consideration166 379 (213)(56)%(2,713)1,242 (3,955)(318)%Other expenses929 1,492 (563)(38)%3,560 4,145 (585)(14)%Allocations(7,918)(7,781)(137)2 %(24,836)(21,175)(3,661)17 %Total$27,278 $25,742 $1