EXAS Chart
About

Exact Sciences Corporation provides cancer screening and diagnostic test products in the United States and internationally. It offers Cologuard, a non-invasive stool-based DNA screening test to detect DNA and hemoglobin biomarkers associated with colorectal cancer and pre-cancer; Cologuard Plus Tests; Cancerguard Test; and Genetic Testing. The company also provides Oncotype DX Breast Recurrence Score Test; Oncotype DX Breast DCIS Score Test; Oncotype DX Colon Recurrence Score Test; Oncodetect Test;OncoExTra Test for tumor profiling for patients with advanced, metastatic, refractory, relapsed, or recurrent cancer; and Riskguard Test, a hereditary cancer test to understand their inherited risk of cancer. Its pipeline focus on advancing screening and diagnostic products, including risk assessment, screening and prevention, early disease diagnosis, adjuvant and/or neoadjuvant disease treatment, metastatic disease treatment selection, and recurrence monitoring. The company has license agreements with MAYO Foundation for Medical Education and Research, and Johns Hopkins University, as well as Freenome Holdings, Inc. Exact Sciences Corporation was incorporated in 1995 and is headquartered in Madison, Wisconsin.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Diagnostics & Research Market Cap 19.74B
Enterprise Value 21.32B Income -207.95M Sales 3.25B
Book/sh 12.58 Cash/sh 5.05 Dividend Yield —
Payout 0.00% Employees 7100 IPO —
P/E — Forward P/E 55.00 PEG —
P/S 6.08 P/B 8.22 P/C —
EV/EBITDA 298.33 EV/Sales 6.57 Quick Ratio 1.97
Current Ratio 2.43 Debt/Eq 105.57 LT Debt/Eq —
EPS (ttm) -1.10 EPS next Y 1.88 EPS Growth —
Revenue Growth 23.10% Earnings 2026-05-07 ROA -1.59%
ROE -8.66% ROIC — Gross Margin 69.69%
Oper. Margin -9.28% Profit Margin -6.40% Shs Outstand 190.89M
Shs Float 189.12M Short Float 3.53% Short Ratio 2.85
Short Interest — 52W High 103.54 52W Low 38.81
Beta 1.42 Avg Volume 3.63M Volume 231.73K
Target Price $105.81 Recom Hold Prev Close $103.45
Price $103.40 Change -0.05%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$105.81
Mean price target
2. Current target
$103.40
Latest analyst target
3. DCF / Fair value
$26.58
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$103.40
Low
$105.00
High
$118.00
Mean
$105.81

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-20 down Mizuho Outperform → Neutral $105
2026-01-05 down Evercore ISI Group Outperform → In-Line $105
2025-11-28 down Stifel Buy → Hold $105
2025-11-25 down Canaccord Genuity Buy → Hold $105
2025-11-24 down Benchmark Buy → Hold —
2025-11-24 down Jefferies Buy → Hold $105
2025-11-21 down Wells Fargo Overweight → Equal-Weight $105
2025-11-21 down William Blair Outperform → Market Perform —
2025-11-21 down Guggenheim Buy → Neutral —
2025-11-21 down Barclays Overweight → Equal-Weight $105
2025-11-20 down BTIG Buy → Neutral —
2025-11-11 main Piper Sandler Overweight → Overweight $80
2025-11-05 main Wells Fargo Overweight → Overweight $85
2025-11-04 main TD Cowen Buy → Buy $90
2025-11-04 main Baird Outperform → Outperform $88
2025-11-04 main Benchmark Buy → Buy $75
2025-11-04 main Guggenheim Buy → Buy $75
2025-11-04 main Barclays Overweight → Overweight $77
2025-11-04 main Stifel Buy → Buy $80
2025-11-04 main BTIG Buy → Buy $85
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 92523 — — Stock Award(Grant) at price 0.00 per share. BARANICK BRIAN Officer — 2025-12-24 00:00:00 D
1 42018 — — Stock Award(Grant) at price 0.00 per share. CONDELLA SARAH K Officer — 2025-12-23 00:00:00 D
2 47208 nan — — CONDELLA SARAH K Officer — 2025-12-23 00:00:00 D
3 73080 nan — — BARANICK BRIAN Officer — 2025-12-23 00:00:00 D
4 72320 — — Stock Award(Grant) at price 0.00 per share. HERRIOTT JAMES General Counsel — 2025-12-23 00:00:00 D
5 33780 nan — — HERRIOTT JAMES General Counsel — 2025-12-23 00:00:00 D
6 63099 nan — — BLOOMER AARON Chief Financial Officer — 2025-12-23 00:00:00 D
7 72523 — — Stock Award(Grant) at price 0.00 per share. ORVILLE JACOB A Officer — 2025-12-23 00:00:00 D
8 73080 nan — — ORVILLE JACOB A Officer — 2025-12-23 00:00:00 D
9 713931 — — Stock Award(Grant) at price 0.00 per share. CONROY KEVIN T Chief Executive Officer — 2025-12-23 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems7.26M-5.78M8.91M-460.12K
TaxRateForCalcs0.210.010.210.01
NormalizedEBITDA17.87M30.32M-13.13M-385.71M
TotalUnusualItems34.57M-819.65M42.42M-35.39M
TotalUnusualItemsExcludingGoodwill34.57M-819.65M42.42M-35.39M
NetIncomeFromContinuingOperationNetMinorityInterest-207.95M-1.03B-204.15M-623.51M
ReconciledDepreciation221.58M214.86M206.61M197.56M
ReconciledCostOfRevenue984.24M840.15M737.56M661.36M
EBITDA52.44M-789.33M29.28M-421.11M
EBIT-169.14M-1.00B-177.32M-618.66M
NetInterestIncome-39.36M-37.27M-29.77M-19.63M
InterestExpense34.75M31.97M24.42M13.91M
NormalizedIncome-235.26M-214.99M-237.66M-588.57M
NetIncomeFromContinuingAndDiscontinuedOperation-207.95M-1.03B-204.15M-623.51M
TotalExpenses3.45B2.94B2.71B2.66B
TotalOperatingIncomeAsReported-206.30M-1.05B-215.01M-593.51M
DilutedAverageShares188.69M184.20M180.14M176.35M
BasicAverageShares188.69M184.20M180.14M176.35M
DilutedEPS-1.10-5.59-1.13-3.54
BasicEPS-1.10-5.59-1.13-3.54
DilutedNIAvailtoComStockholders-207.95M-1.03B-204.15M-623.51M
NetIncomeCommonStockholders-207.95M-1.03B-204.15M-623.51M
NetIncome-207.95M-1.03B-204.15M-623.51M
NetIncomeIncludingNoncontrollingInterests-207.95M-1.03B-204.15M-623.51M
NetIncomeContinuousOperations-207.95M-1.03B-204.15M-623.51M
TaxProvision4.06M-7.30M2.40M-9.06M
PretaxIncome-203.89M-1.04B-201.75M-632.57M
OtherIncomeExpense34.57M-819.65M42.42M-35.39M
SpecialIncomeCharges-7.20M-859.21M9.70M-15.97M
OtherSpecialCharges-10.25M-10.32M
ImpairmentOfCapitalAssets7.20M869.46M621.00K15.97M
GainOnSaleOfSecurity41.77M39.56M32.71M-19.43M
NetNonOperatingInterestIncomeExpense-39.36M-37.27M-29.77M-19.63M
TotalOtherFinanceCost4.61M5.30M5.35M5.73M
InterestExpenseNonOperating34.75M31.97M24.42M13.91M
OperatingIncome-199.10M-179.24M-214.39M-577.54M
OperatingExpense2.46B2.10B1.98B2.00B
OtherOperatingExpenses-9.20M-78.43M13.24M
DepreciationAmortizationDepletionIncomeStatement7.70M92.16M97.45M95.00M
DepreciationAndAmortizationInIncomeStatement7.70M92.16M97.45M95.00M
Amortization7.70M92.16M97.45M95.00M
AmortizationOfIntangiblesIncomeStatement7.70M92.16M97.45M95.00M
ResearchAndDevelopment523.00M431.21M426.93M394.19M
SellingGeneralAndAdministration1.94B1.68B1.63B1.59B
SellingAndMarketingExpense1.05B894.12M827.80M929.64M
GeneralAndAdministrativeExpense888.67M781.83M800.29M663.38M
OtherGandA888.67M781.83M800.29M663.38M
SalariesAndWages1.00B977.80M989.50M533.10M
GrossProfit2.26B1.92B1.76B1.42B
CostOfRevenue984.24M840.15M737.56M661.36M
TotalRevenue3.25B2.76B2.50B2.08B
OperatingRevenue3.25B2.76B2.50B2.08B
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber189.92M185.62M181.36M177.93M
ShareIssued189.92M185.62M181.36M177.93M
NetDebt1.37B1.97B1.76B1.99B
TotalDebt2.52B2.75B2.55B2.45B
TangibleBookValue-886.92M-974.12M-1.11B-1.26B
InvestedCapital4.73B4.97B5.51B5.28B
WorkingCapital914.70M839.24M679.67M569.51M
NetTangibleAssets-886.92M-974.12M-1.11B-1.26B
CapitalLeaseObligations195.52M184.54M190.45M210.76M
CommonStockEquity2.40B2.40B3.15B3.04B
TotalCapitalization4.73B4.72B5.46B5.28B
TotalEquityGrossMinorityInterest2.40B2.40B3.15B3.04B
StockholdersEquity2.40B2.40B3.15B3.04B
GainsLossesNotAffectingRetainedEarnings2.36M-944.00K1.43M-5.24M
OtherEquityAdjustments2.36M-944.00K1.43M-5.24M
RetainedEarnings-4.71B-4.50B-3.47B-3.27B
AdditionalPaidInCapital7.10B6.90B6.61B6.31B
CapitalStock1.91M1.86M1.81M1.78M
CommonStock1.91M1.86M1.81M1.78M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest3.46B3.53B3.33B3.18B
TotalNonCurrentLiabilitiesNetMinorityInterest2.82B2.79B2.81B2.77B
OtherNonCurrentLiabilities329.32M315.50M335.98M352.46M
LongTermDebtAndCapitalLeaseObligation2.49B2.48B2.48B2.42B
LongTermCapitalLeaseObligation161.93M157.13M161.07M182.40M
LongTermDebt2.33B2.32B2.31B2.24B
CurrentLiabilities641.15M732.19M514.70M412.75M
OtherCurrentLiabilities15.22M37.77M14.82M10.25M
CurrentDebtAndCapitalLeaseObligation33.59M276.56M79.38M28.37M
CurrentCapitalLeaseObligation33.59M27.41M29.38M28.37M
CurrentDebt249.15M50.00M
OtherCurrentBorrowings249.15M50.00M
PensionandOtherPostRetirementBenefitPlansCurrent276.66M185.93M247.62M201.25M
PayablesAndAccruedExpenses315.68M231.93M172.88M172.88M
CurrentAccruedExpenses139.81M142.36M94.06M97.96M
Payables175.87M89.57M78.82M74.92M
AccountsPayable175.87M89.57M78.82M74.92M
TotalAssets5.86B5.93B6.47B6.23B
TotalNonCurrentAssets4.30B4.36B5.28B5.24B
OtherNonCurrentAssets185.81M169.72M177.39M90.58M
GoodwillAndOtherIntangibleAssets3.29B3.38B4.26B4.30B
OtherIntangibleAssets919.92M1.01B1.89B1.96B
Goodwill2.37B2.37B2.37B2.35B
NetPPE831.00M810.62M842.06M851.76M
AccumulatedDepreciation-604.13M-508.57M-417.20M-307.59M
GrossPPE1.44B1.32B1.26B1.16B
Leases257.50M227.88M214.56M200.59M
ConstructionInProgress84.14M89.06M104.59M68.40M
OtherProperties122.33M116.95M143.71M167.00M
MachineryFurnitureEquipment668.91M583.06M494.18M423.29M
BuildingsAndImprovements290.78M290.78M290.78M288.94M
LandAndImprovements11.46M11.46M11.45M11.13M
Properties0.000.000.000.00
CurrentAssets1.56B1.57B1.19B982.26M
OtherCurrentAssets126.28M122.05M85.63M73.90M
PrepaidAssets74.12M
Inventory166.20M162.38M127.47M118.26M
FinishedGoods57.05M53.67M
WorkInProcess90.48M92.65M68.88M57.05M
RawMaterials75.72M69.73M58.59M61.21M
Receivables298.65M248.97M203.62M158.04M
AccountsReceivable298.65M248.97M203.62M158.04M
CashCashEquivalentsAndShortTermInvestments964.71M1.04B777.64M632.06M
OtherShortTermInvestments8.71M437.14M172.27M389.56M
CashAndCashEquivalents956.00M600.89M605.38M242.49M
CashEquivalents0.005.34M75.28M64.33M
CashFinancial956.00M595.55M530.10M178.17M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow356.78M74.55M31.93M-438.02M
RepaymentOfDebt-249.17M-50.00M0.000.00
IssuanceOfDebt0.00266.75M137.98M50.00M
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-134.66M-135.99M-124.19M-214.46M
InterestPaidSupplementalData30.44M27.84M18.78M11.52M
EndCashPosition956.00M606.64M609.67M242.79M
BeginningCashPosition606.64M609.67M242.79M315.77M
EffectOfExchangeRateChanges891.00K-3.29M1.32M30.00K
ChangesInCash348.47M255.00K365.56M-73.01M
FinancingCashFlow-338.09M231.87M159.77M76.48M
CashFlowFromContinuingFinancingActivities-338.09M231.87M159.77M76.48M
NetOtherFinancingCharges-117.36M-17.75M-9.75M-5.53M
ProceedsFromStockOptionExercised28.45M32.88M31.54M32.02M
NetCommonStockIssuance0.000.00
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt-249.17M216.75M137.98M50.00M
NetLongTermDebtIssuance-249.17M216.75M137.98M50.00M
LongTermDebtPayments-249.17M-50.00M0.000.00
LongTermDebtIssuance0.00266.75M137.98M50.00M
InvestingCashFlow195.12M-442.15M49.68M74.07M
CashFlowFromContinuingInvestingActivities195.12M-442.15M49.68M74.07M
NetOtherInvestingChanges-46.73M-45.23M-250.00K24.45M
NetInvestmentPurchaseAndSale376.51M-260.94M226.53M278.76M
SaleOfInvestment572.28M205.82M382.95M453.07M
PurchaseOfInvestment-195.77M-466.76M-156.42M-174.31M
NetBusinessPurchaseAndSale0.000.00-52.41M-14.69M
PurchaseOfBusiness0.000.00-52.41M-14.69M
NetPPEPurchaseAndSale-134.66M-135.99M-124.19M-214.46M
PurchaseOfPPE-134.66M-135.99M-124.19M-214.46M
OperatingCashFlow491.44M210.54M156.12M-223.56M
CashFlowFromContinuingOperatingActivities491.44M210.54M156.12M-223.56M
ChangeInWorkingCapital121.83M-56.01M-342.00K-26.38M
ChangeInOtherWorkingCapital-1.41M-57.94M
ChangeInOtherCurrentLiabilities-33.76M-16.06M-20.37M-21.97M
ChangeInOtherCurrentAssets-5.79M-2.32M-11.62M-84.00K
ChangeInPayablesAndAccruedExpense214.04M43.54M82.75M-52.18M
ChangeInInventory-3.77M-34.91M-7.69M-13.23M
ChangeInReceivables-48.89M-46.26M-43.42M61.09M
ChangesInAccountReceivables-48.89M-46.26M-43.42M61.09M
OtherNonCashItems135.74M13.86M-62.55M-17.14M
StockBasedCompensation217.67M214.88M231.31M206.82M
UnrealizedGainLossOnInvestmentSecurities11.77M1.49M
AssetImpairmentCharge7.20M869.46M621.00K15.97M
AmortizationOfSecurities1.84M4.62M
DeferredTax-1.54M-10.12M-955.00K-11.90M
DeferredIncomeTax-1.54M-10.12M-955.00K-11.90M
DepreciationAmortizationDepletion221.58M214.86M206.61M197.56M
DepreciationAndAmortization221.58M214.86M206.61M197.56M
AmortizationCashFlow96.70M95.16M92.16M97.45M
AmortizationOfIntangibles96.70M95.16M92.16M97.45M
Depreciation124.88M119.70M114.45M100.11M
OperatingGainsLosses-3.08M-7.54M-14.42M35.02M
GainLossOnInvestmentSecurities-3.08M2.71M-4.10M21.77M
GainLossOnSaleOfPPE1.86M1.05M
NetIncomeFromContinuingOperations-207.95M-1.03B-204.15M-623.51M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for EXAS
Date User Asset Broker Type Position Size Entry Price Patterns