BIO-TECHNE Corp

TECH 10-Q · Q2 2026

TECH Q2 2026 request

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Income Statement

Income Statement
Metric Q2 2026 Q2 2025 YoY
Revenue 295,877 297,031 -0.4%
Show Product Lines breakouts
Consumables 235,443 230,715 +2.0%
Instruments 29,605 30,868 -4.1%
Product and Services 287,364 288,933 -0.5%
Royalty 8,513 8,098 +5.1%
Service 22,316 27,350 -18.4%
Show Business Segments breakouts
Diagnostics and Spatial Biology · Operating Segments 81,180 84,135 -3.5%
Protein Sciences · Operating Segments 215,084 211,551 +1.7%
Show Geography breakouts
APAC, excluding Greater China 22,742 19,010 +19.6%
CN 26,351 24,754 +6.5%
EMEA, excluding United Kingdom 75,354 70,392 +7.0%
GB 13,728 13,243 +3.7%
Rest of World 11,145 9,726 +14.6%
US 146,557 159,906 -8.3%
Show Consolidation Items breakouts
Intersegment Elimination -387 -504 +23.2%
Operating Segments 296,264 295,686 +0.2%
Cost of Revenue 104,600 103,145 +1.4%
Show Business Segments breakouts
Diagnostics and Spatial Biology · Operating Segments 36,471 35,595 +2.5%
Protein Sciences · Operating Segments 57,030 51,927 +9.8%
Gross Profit 191,277 193,886 -1.3%
Selling, General & Administrative 113,691 121,451 -6.4%
Show Business Segments breakouts
Diagnostics and Spatial Biology · Operating Segments 27,597 35,064 -21.3%
Protein Sciences · Operating Segments 58,993 57,483 +2.6%
Show Consolidation Items breakouts
Corporate Non Segment -1,037 -1,641 +36.8%
Research And Development Expense Excluding Acquired In Process Cost 23,125 25,016 -7.6%
Show Business Segments breakouts
Diagnostics and Spatial Biology · Operating Segments 8,680 10,236 -15.2%
Protein Sciences · Operating Segments 14,446 15,029 -3.9%
Operating Expenses 136,816 146,467 -6.6%
Operating Income 54,461 47,419 +14.9%
Show Business Segments breakouts
Diagnostics and Spatial Biology · Operating Segments 8,432 3,240 +160.2%
Protein Sciences · Operating Segments 84,615 87,112 -2.9%
Show Consolidation Items breakouts
Operating Segments 93,047 90,352 +3.0%
Non-Operating Income (Expense) -3,677 -4,543 +19.1%
Income Before Taxes 50,784 42,876 +18.4%
Income Tax Expense (Benefit) 12,775 7,986 +60.0%
Net Income 38,009 34,890 +8.9%
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent 2,762 -25,518 +110.8%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent -711 -45 -1480.0%
Other Comprehensive Income Loss Net Of Tax 2,051 -25,563 +108.0%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 2,051 -25,563 +108.0%
Comprehensive Income 40,060 9,327 +329.5%
EPS (Basic) 0.24 0.22 +9.1%
EPS (Diluted) 0.24 0.22 +9.1%
Wtd Avg Shares (Basic) 155,839 158,431 -1.6%
Wtd Avg Shares (Diluted) 156,999 160,626 -2.3%
Revenue 295,877 297,031 -0.4%
Interest Expense -2,171 -2,148 -1.1%
Other Comprehensive Income (Q)
Show Equity Components breakouts
Accumulated Net Unrealized Investment Gain Loss -711 -45 -1480.0%
Accumulated Other Comprehensive Income 2,051 -25,563 +108.0%
Accumulated Translation Adjustment 2,762 -25,518 +110.8%
Net Income Loss Available To Common Stockholders Basic 38,003 34,887 +8.9%
Income Loss From Equity Method Investments 110 46 +139.1%

Balance Sheet

Balance Sheet
Metric Q2 2026 Q2 2025 YoY
Current Assets
Cash & Cash Equivalents 172,879 177,549 -2.6%
Accounts Receivable 184,614 217,940 -15.3%
Inventory 205,447 188,373 +9.1%
Other Assets Current 74,492 49,731 +49.8%
Total Current Assets 637,432 634,640 +0.4%
Non-Current Assets
Property, Plant & Equipment 234,383 249,753 -6.2%
Operating Lease Right-of-Use Assets 68,249
Goodwill 980,561
Show Business Segments breakouts
Diagnostics and Spatial Biology 554,670
Protein Sciences 425,891
Other Non-Current Assets 267,084 274,990 -2.9%
Total Assets 2,522,699 2,670,424 -5.5%
Intangible Assets 334,990
Long Term Investments (Q)
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Spear Bio · Other Noncurrent Assets 15 15 0.0%
Other Assets
Intangible Assets Net Excluding Goodwill 334,990
Current Liabilities
Accounts Payable 26,269 33,120 -20.7%
Employee Related Liabilities Current 45,026 53,594 -16.0%
Accrued Liabilities 20,337 27,543 -26.2%
Deferred Revenue (Current) 31,030 27,715 +12.0%
Accrued Income Taxes Current 2,476 3,141 -21.2%
Operating Lease Liability Current 13,710
Other Liabilities Current 1,578 2,632 -40.0%
Total Current Liabilities 140,426 161,256 -12.9%
Non-Current Liabilities
Deferred Tax Liabilities 11,021
Operating Lease Liabilities 77,185
Other Non-Current Liabilities 23,078 11,337 +103.6%
Other Liabilities
Long Term Debt And Capital Lease Obligations 260,000 300,000 -13.3%
Stockholders' Equity
Common Stock 1,559 1,579 -1.3%
Additional Paid In Capital Common Stock 964,955 875,864 +10.2%
Retained Earnings 1,106,819 1,286,699 -14.0%
Accumulated Other Comprehensive Income -62,344 -85,650 +27.2%
Total Stockholders' Equity 2,010,989
Show Equity Components breakouts
Accumulated Net Unrealized Investment Gain Loss 160 5,030 -96.8%
Accumulated Other Comprehensive Income -62,344 -85,650 +27.2%
Accumulated Translation Adjustment -62,504 -90,680 +31.1%
Total Liabilities & Equity 2,522,699 2,670,424 -5.5%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2026 YTD Q2 2025 YoY
Operating Activities
Net Income (Q)
Show Equity Components breakouts
Retained Earnings 38,009 34,890 +8.9%
Net Income 76,194 68,490 +11.2%
Depreciation & Amortization 49,049 55,221 -11.2%
Deferred Income Taxes And Tax Credits 5,203 -13,417 +138.8%
Stock-Based Compensation 25,640 24,892 +3.0%
Equity Method Investment Realized Gain Loss On Disposal -404 -420 +3.8%
Unrealized Gain Loss On Investments -37
Asset Impairment Restructuring Charge 3,253 9,841 -66.9%
Noncash Portion Of Lease Expense -1,780 492 -461.8%
Recovery Of Assets Held For Sale -6,789
Show Consolidation Items breakouts
Corporate Non Segment -6,789
Other Operating Activities Cash Flow Statement 663 305 +117.4%
Increase Decrease In Accounts And Other Receivables 23,333 20,940 +11.4%
Change in Inventory -15,941 -11,713 -36.1%
Increase Decrease In Prepaid Expense 3,255 -405 +903.7%
Increase Decrease In Accounts Payable And Accrued Liabilities -8,107 -29 -27855.2%
Increase Decrease In Employee Related Liabilities -20,708 3,882 -633.4%
Increase Decrease In Accrued Income Taxes Payable -22,828 -10,217 -123.4%
Net Cash from Operations 109,996 148,235 -25.8%
Investing Activities
Capital Expenditures -11,284 -15,993 +29.4%
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital 1,351 1,403 -3.7%
Proceeds From Sale Of Property Held For Sale 4,617 1,789 +158.1%
Net Cash from Investing -5,316 -26,716 +80.1%
Financing Activities
Payments Of Dividends Common Stock -24,914 -25,424 +2.0%
Proceeds From Stock Options Exercised 28,234 30,641 -7.9%
Share Repurchases -24 -75,628 +100.0%
Repayments Of Lines Of Credit -86,000 -19,000 -352.6%
Tax Withholding for Share Compensation -10,486 -5,997 -74.9%
Net Cash from Financing -93,190 -95,408 +2.3%
Supplemental
Income Taxes Paid 36,683 37,593 -2.4%
Interest Paid 8,809 9,831 -10.4%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations -797 -353 -125.8%
Net Change in Cash 10,693 25,758 -58.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 172,879 177,549 -2.6%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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