MYGN on Nasdaq

Myriad Genetics

Logo: Myriad Genetics, Public domain, via Wikimedia Commons4

American biotechnology company

Myriad Genetics, Inc. is an American genetic testing and precision medicine company based in Salt Lake City, Utah, United States.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

1992Founded1

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  • TickerMYGN on Nasdaq1
  • Industrypharmaceutical industry1
  • HeadquartersSalt Lake City1
  • Founded inSalt Lake City1
  • Websitemyriad.com
  • Legal formpublic company1
  • Incorporated inDE5
  • Business address322 North 2200 West, Salt Lake City, Ut 841165
  • Filer categoryAccelerated filer5

Myriad Genetics, Inc. is an American genetic testing and precision medicine company based in Salt Lake City, Utah, United States. Myriad employs a number of proprietary technologies that permit doctors and patients to understand the genetic basis of human disease and the role that genes play in the onset, progression and treatment of disease. This information is used to guide the development of new products that assess an individual's risk for developing disease later in life (predictive medicine), identify a patient's likelihood of responding to a particular drug therapy (precision medicine), assess a patient's risk of disease progression and disease recurrence (precision medicine), and measure disease activity.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

69.9%Gross margin7
-47.0%Operating margin7
-44.4%Net margin7
-1.6%Revenue growth, 20257
-99.4%Return on equity7
0.33×Debt to equity7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Hereditary Cancer brought in 45% of the revenue Myriad Genetics broke down this way in fiscal 2025.

  1. Hereditary Cancer$372.4M745%up 2% from 2024
  2. Prenatal$186.3M723%up 5% from 2024
  3. Mental Health$144.1M717%down 15% from 2024
  4. Tumor Profiling$121.7M715%down 3% from 2024
Products and services by year
Products and services202320242025
Hereditary Cancer$327.8M$364.5M$372.4M
Prenatal$151.3M$177.1M$186.3M
Mental Health$138.5M$170.2M$144.1M
Tumor Profiling$135.6M$125.8M$121.7M

Regions

United States brought in 93% of the revenue Myriad Genetics broke down this way in fiscal 2025.

  1. United States$768.0M793%down 0% from 2024
  2. Outside the United States$56.5M77%down 17% from 2024
Regions by year
Regions202320242025
United States$671.7M$769.5M$768.0M
Outside the United States$81.5M$68.1M$56.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue30¢$247.9M
  • Research and development13¢$106.8M
  • Other costs53¢$440.6M
  • Income tax4¢$29.2M

Out of $824.5M in revenue.7 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$1.8M

Out of $1.8M of cash from operations.7

Financial statements

Revenue89107$824.5M in 2025−3% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $851.1M$851.1M20192020: $557.1M$557.1M2020−35%2021: $690.6M$690.6M2021+24%2022: $678.4M$678.4M2022−2%2023: $753.2M$753.2M2023+11%2024: $837.6M$837.6M2024+11%2025: $824.5M$824.5M2025−2%
Gross profit107$576.6M in 2025+21% since 2022
0$200.0M$400.0M$600.0M2022: $476.4M$476.4M20222023: $517.0M$517.0M2023+9%2024: $585.4M$585.4M2024+13%2025: $576.6M$576.6M2025−2%
Operating income89107-$387.2M in 2025
-$400.0M-$300.0M-$200.0M-$100.0M0$100.0M2019: $7.6M$7.6M20192020: -$289.7M-$289.7M20202021: -$190.5M-$190.5M2021−34%2022: -$140.6M-$140.6M2022−26%2023: -$257.4M-$257.4M2023+83%2024: -$123.5M-$123.5M2024−52%2025: -$387.2M-$387.2M2025+214%
Net income89107-$365.9M in 2025
-$400.0M-$300.0M-$200.0M-$100.0M0$100.0M2019: $4.6M$4.6M20192020: -$223.6M-$223.6M20202021: -$27.2M-$27.2M2021−88%2022: -$112.0M-$112.0M2022+312%2023: -$263.3M-$263.3M2023+135%2024: -$127.3M-$127.3M2024−52%2025: -$365.9M-$365.9M2025+187%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Revenue$824.5M$837.6M$753.2M
Cost of revenue$247.9M$252.2M$236.2M
Gross profit$576.6M$585.4M$517.0M
Research and development expense$106.8M$113.4M$88.7M
Sales and marketing expense$280.8M$284.1M$289.2M
General and administrative expense$256.8M$275.9M$283.7M
Legal settlements$0-$21.3M$112.8M
Goodwill and long-lived asset impairment charges$319.4M$56.8M$0
Total operating expenses$963.8M$708.9M$774.4M
Operating loss-$387.2M-$123.5M-$257.4M
Interest income$1.8M$1.7M$2.5M
Interest expense-$10.5M-$2.8M-$2.9M
Other$800.0K$1.1M-$4.4M
Total other expense-$7.9M$0-$4.8M
Loss before income tax-$395.1M-$123.5M-$262.2M
Income tax (benefit) expense-$29.2M$3.8M$1.1M
Net loss-$365.9M-$127.3M-$263.3M
Basic (in dollars per share)-$3.95-$1.41-$3.18
Diluted (in dollars per share)-$3.95-$1.41-$3.18
Basic (in shares)92.6M shares90.6M shares82.8M shares
Diluted (in shares)92.6M shares90.6M shares82.8M shares

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The story

Founded by Mark Skolnick in 1992, in Salt Lake City.1

The global search for the genetic basis of breast cancer began when Mary-Claire King, Ph.D., from the University of California, Berkeley announced the localization through linkage analysis of a gene associated with increased risk for breast cancer (BRCA1) to the long arm of chromosome 17.

To further locate the actual gene, Dr. Skolnick and his colleagues invented a gene mapping technique known as Restriction Fragment-length Polymorphisms (RFLP). Gilbert joined Kimberlin in 1991, and they teamed up with Skolnick to form Myriad Genetics.

In August 1994, Mark Skolnick and researchers at Myriad, along with colleagues at the University of Utah, the U.S. National Institutes of Health (NIH), and McGill University sequenced BRCA1. They attempted to patent this gene, which resulted in significant controversy and a landmark Supreme Court Case.

The firm then established the first clinical laboratory to commercialize genomic testing. Myriad created the first test to measure the molecular biology and aggressiveness of men’s prostate cancer, devised a method to assess the inherited breast cancer risk of any woman not previously diagnosed with breast cancer, regardless of ancestry, important for addressing racial and ethnic disparities, commercialized a psychotropic test that covers 61 medications commonly prescribed for depression, anxiety, ADHD. Also pioneering the field of DNA-specific medicine, Myriad received the first FDA approval for a lab-developed diagnostic test for use in predicting the responses to a DNA-repair drug.

Acquisitions and subsidiaries

In August 2016, Myriad announced it would acquire Assurex Health for up to $410 million, expanding the company's genetic testing for psychotropic medicine selection.

In July 2018, Myriad completed an acquisition of reproductive genetic testing firm Counsyl for $375 million, expanding the company's testing capabilities to carrier and prenatal screening.

Other subsidiaries of Myriad Genetics include Myriad International and Myriad Autoimmune (aka Crescendo Bioscience).

Founders

The founders of Myriad are Peter Meldrum (past President and CEO of Agridyne and past CEO and President of Myriad Genetics, Inc.) and Mark Skolnick (Adjunct Professor in the Department of Medical Informatics at the University of Utah).

From Wikipedia’s article on Myriad Genetics, shared under CC BY-SA 4.0.6

Leadership

Who has led Myriad Genetics, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (43)

Products and brands

Among the prognostic tests developed and marketed by Myriad is "Prolaris", which uses gene expression profiling to provide a 10-year prostate cancer-specific risk of death. Another prognostic test, marketed as "myRisk Hereditary Cancer", reviews genetic markers correlated with elevated risk of developing any of eleven hereditary cancers.

From Wikipedia’s article on Myriad Genetics, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Subsidiaries

  • Myriad Genetics (Germany)
  • Myriad Rules-Based Medicine (United States)

From Wikidata.1

Former names

  • MYRIAD GENETICS INCNov 14, 1996 to Oct 9, 20265

Timeline

  1. May 1, 2025New chief executive Samraat S. Raha becomes CEO15
  2. Oct 6, 1995Went public Listed on NASDAQ1
  3. 1992Founded Founded in Salt Lake City1

Filings

483 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 56 major events, 310 insider forms, 49 large holders, 48 other. The latest 20:

  1. Oct 9, 20268-K EDGAR
  2. Sep 22, 20264 EDGAR
  3. Sep 18, 20264 EDGAR
  4. Sep 17, 20264 EDGAR
  5. Sep 17, 20263 EDGAR
  6. Sep 16, 20268-K EDGAR
  7. Sep 8, 20264 EDGAR
  8. Sep 4, 2026SCHEDULE 13G EDGAR
  9. Aug 17, 20264 EDGAR
  10. Aug 14, 2026SCHEDULE 13G/A EDGAR
  11. Aug 14, 2026SCHEDULE 13G EDGAR
  12. Aug 7, 2026SCHEDULE 13G EDGAR
  13. Jul 31, 202610-Q EDGAR
  14. Jul 30, 20268-K EDGAR
  15. Jun 23, 20264 EDGAR
  16. Jun 23, 20268-K EDGAR
  17. Jun 12, 20264 EDGAR
  18. Jun 12, 20264 EDGAR
  19. Jun 9, 20264 EDGAR
  20. Jun 8, 2026144 EDGAR

The 483 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 49 such filings since October 2021, the latest 10:

  1. Sep 4, 2026SCHEDULE 13G
  2. Aug 14, 2026SCHEDULE 13G/A
  3. Aug 14, 2026SCHEDULE 13G
  4. Aug 7, 2026SCHEDULE 13G
  5. May 12, 2026SCHEDULE 13G
  6. Apr 7, 2026SCHEDULE 13G/A
  7. Mar 27, 2026SCHEDULE 13G/A
  8. Feb 11, 2026SCHEDULE 13G/A
  9. Feb 9, 2026SCHEDULE 13G
  10. Jan 13, 2026SCHEDULE 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.10,890,440$62.2M0.0%+2,000,796
Millennium Management LLC6,620,372$37.8M0.0%−48,445
Vestal Point Capital, LP5,735,000$32.7M0.8%+4,087,000
State Street Corp4,985,060$28.5M0.0%+561,033
D. E. Shaw & Co., Inc.4,582,083$26.2M0.0%+82,359
Vanguard Capital Management LLC4,081,376$23.3M0.0%+156,851
Vanguard Portfolio Management LLC3,079,670$17.6M0.0%+497,439
Aqr Capital Management LLC2,766,689$15.8M0.0%+854,393
Morgan Stanley2,481,104$14.2M0.0%−687,638
Geode Capital Management, LLC2,416,197$13.8M0.0%+96,818
Assenagon Asset Management S.A.2,062,928$11.8M0.0%+615,967
Goldman Sachs Group Inc2,056,843$11.7M0.0%−309,249
Jacobs Levy Equity Management, Inc1,891,527$10.8M0.0%−196,965
Charles Schwab Investment Management Inc1,740,794$9.9M0.0%−60,684
Qube Research & Technologies Ltd1,665,835$9.5M0.0%−24,626
Federated Hermes, Inc.1,570,314$9.0M0.0%−405,852
Two Sigma Investments, LP1,557,727$8.9M0.0%+273,677
Nuveen, LLC1,545,549$8.8M0.0%+626,586
Mackenzie Financial Corp1,535,702$8.8M0.0%New
Citadel Advisors LLC1,533,684$8.8M0.0%+1,080,642
Connor, Clark & Lunn Investment Management Ltd.1,407,860$8.0M0.0%+89,197
Aberdeen Group plc1,308,933$7.5M0.0%+198,529
Marshall Wace, Llp1,222,804$7.0M0.0%+119,046
Dimensional Fund Advisors LP1,051,996$6.0M0.0%+312,945
Northern Trust Corp918,856$5.2M0.0%−71,790

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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