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IDEXX Laboratories, Inc. (IDXX)

Nasdaq: IDXX · In Vitro & In Vivo Diagnostic Substances · Westbrook, ME · filing with the SEC since 1996
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Grade7.5
◀ Past 8.8● Present 7.8▶ Future 5.7
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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedFeb 20, 2026Feb 21, 2025Feb 22, 2024Feb 16, 2023Feb 16, 2022Feb 12, 2021Feb 14, 2020Feb 15, 2019Feb 16, 2018Feb 17, 2017
Revenue4,303,7023,897,5043,660,9533,367,3243,215,3602,706,6552,406,9082,213,2421,969,0581,775,423
For lenders
Provision for credit losses8,4296,8675,5525,8291,4844,946662···
Cost of revenue1,644,1231,518,5771,470,9831,362,9861,325,9281,135,6151,041,359971,700871,676799,987
Gross profit2,659,5792,378,9272,189,9702,004,3381,889,4321,571,0401,365,5491,241,5421,097,382975,436
Research and development251,207219,792190,951254,820161,009141,249133,193117,863109,182101,122
Sales and marketing643,547588,507566,066524,505486,735434,435418,193387,406354,294317,058
General and administrative404,794442,291335,825326,248309,660300,832261,317244,938220,878207,017
Total operating expenses1,299,5481,250,5901,092,8421,105,573···750,207··
Operating income1,360,0311,128,3371,097,128898,765932,028694,524552,846491,335413,028350,239
Interest expense38,85231,20541,58139,85829,80833,12531,05534,74437,22532,049
Interest income (expense), net··-35,952-38,793-29,374-32,539-30,628-33,593-31,971-28,393
Income before income taxes1,324,1891,109,8311,061,176859,972902,654661,985522,218457,742381,057321,846
Income tax expense264,725221,964216,134180,883157,81079,85494,42680,695117,78899,792
Net income including non-controlling interests··845,042679,089744,844582,131427,792377,047263,269222,054
Net income to non-controlling interests··00-135572161259
Net income1,059,464887,867845,042679,089744,845581,776427,720377,031263,144222,045
Earnings per share, basic13.1710.7710.178.128.746.824.974.343.002.47
Earnings per share, diluted13.0810.6710.068.038.606.714.894.262.942.44
Weighted average shares, basic80,42782,46783,06683,62385,20085,34286,11586,86487,76989,732
Weighted average shares, diluted81,02583,24683,97884,60086,57286,72287,54288,47089,56790,884
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 2-for-1 split of Dec 2016.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:SalesRevenueNet
Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfRevenue
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton IDXX · research, not advice