IDEXX reported FY2025 revenue of $4.3 billion and Q1 2026 revenue of $1.1 billion. The thesis depends on companion-animal diagnostics demand, instrument placement, consumables pull-through, margin durability and cash conversion.
IDXX: Veterinary diagnostics quality has to keep converting into cash
NASDAQIDXXCoverage BootstrapIDEXX Laboratories, Inc.
Thesis summary
IDEXX reported FY2025 revenue of $4.3 billion and Q1 2026 revenue of $1.1 billion. The thesis depends on companion-animal diagnostics demand, instrument placement, consumables pull-through, margin durability and cash conversion.
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