earnings
confidence high
sentiment positive
materiality 0.85
Caris Life Sciences Q2 revenue up 45% to $263.7M; raises FY 2026 guidance to $1.03-1.04B
Caris Life Sciences, Inc.
- Revenue $263.7M (+45% YoY); net loss narrowed to $0.6M from $71.8M loss; positive Adj. EBITDA $55.7M.
- Clinical cases ~59,200 (+18% YoY); gross margin improved 500 bps to 68%.
- Raised 2026 revenue guidance to $1.03-1.04B (27-28% growth); reaffirmed ~20% clinical therapy selection volume growth.
- Launched Caris Detect multi-cancer early detection blood test and Caris ChromoSeq for myeloid malignancies.
- Share repurchase program of up to $100M authorized; $82.1M remains available.