OraSure Q2 revenue down 2% to $30.6 million; GAAP profit aided by $22.6 million item
OraSure reported second quarter 2026 revenue of $30.6 million, down 2% from a year earlier but up about 10% from the first quarter, and GAAP net income of $6.2 million compared with a $19.7 million loss a year earlier. The swing was driven mainly by a $22.6 million reduction in its contingent consideration liability, while non-GAAP net loss was $13.8 million. The company guided third quarter 2026 revenue to $29.5 million to $32.5 million.
Key points
- Q2 2026 net revenues $30.6 million, down 2% year over year and up 10% sequentially; core revenues flat year over year at $30.6 million.
- GAAP net income $6.2 million (diluted EPS $0.09) versus a GAAP net loss of $19.7 million in Q2 2025; non-GAAP net loss $13.8 million.
- Recorded a $22.6 million reduction in contingent consideration liability tied to an updated submission plan for the InteliQuick CT/NG test.
- Q3 2026 revenue guidance of $29.5 million to $32.5 million; cash and equivalents $161 million at June 30, 2026.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.