Neogen Corporation (NEOG) Income Statement
NEOG FY2026 at a glance
Fiscal year ended May 31, 2026 · U.S. dollarsNEOG revenue and net income
Where NEOG's revenue goes
FY2026Each bar shows an amount and its share of revenue. NEOG kept −0.9% of revenue as net income.
NEOG profit margins
NEOG growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.7% | +1.9% | +13.2% | +10.5% |
| Gross profit | −3.1% | +0.2% | +13.7% | +10.3% |
| Operating income | −329.3% | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −6.1% | −17.9% | −11.8% | −1.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NEOG quarterly EPS vs estimates
Neogen beat the analyst EPS estimate in 7 of the last 8 quarters.
NEOG income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $870.4M | $894.7M | $924.2M | $822.4M | $527.2M | $468.5M | $418.2M | $414.2M | $402.3M | $361.6M |
| Cost of revenue | $461.9M | $473.3M | $461.6M | $416.5M | $284.1M | $253.4M | $221.9M | $222.3M | $212.0M | $189.6M |
| Gross profit | $408.5M | $421.4M | $462.6M | $406.0M | $243.0M | $215.1M | $196.3M | $191.9M | $190.3M | $172.0M |
| Research & development | $18.4M | $21.1M | $22.5M | $26.0M | $17.0M | $16.2M | $14.8M | $12.8M | $10.9M | $10.4M |
| Sales, general & admin | $411.7M | $218.2M | $199.9M | $342.4M | $167.3M | $124.6M | $114.0M | $111.0M | $109.2M | $96.6M |
| Total operating expenses | $430.1M | $412.0M | $385.2M | $368.4M | $184.4M | $140.9M | $128.8M | $123.8M | $120.1M | $107.0M |
| Operating income | −$21.6M | $9.4M | $77.4M | $37.5M | $58.6M | $74.2M | $67.5M | $68.1M | $70.2M | $64.9M |
| Interest income | — | $3.1M | $6.4M | $3.2M | $1.3M | $1.6M | $6.0M | $4.7M | $2.0M | $838,000 |
| Interest expense | $57.6M | $71.6M | $73.4M | $56.0M | $72,000 | $78,000 | $23.2M | $22.5M | $0 | $0 |
| Income before taxes | −$9.0M | −$1.13B | −$14.3M | −$22.0M | $60.2M | $75.3M | $72.3M | $73.0M | $73.5M | $66.7M |
| Income taxes | −$1.1M | −$41.1M | −$4.9M | $828,000 | $11.9M | $14.4M | $12.8M | $12.8M | $10.2M | $22.7M |
| Net income | −$7.9M | −$1.09B | −$9.4M | −$22.9M | $48.3M | $60.9M | $59.5M | $60.2M | $63.1M | $43.8M |
| EBITDA | $164.9M | −$937.8M | $182.6M | $125.9M | $84.3M | $96.3M | $90.7M | $90.6M | $87.3M | $79.6M |
| EPS (diluted) | $0.31 | $0.33 | $0.44 | $0.56 | $0.53 | $0.58 | $0.58 | $0.58 | $0.55 | $0.43 |
| Gross margin | 46.9% | 47.1% | 50.1% | 49.4% | 46.1% | 45.9% | 46.9% | 46.3% | 47.3% | 47.6% |
| Operating margin | −2.5% | 1.1% | 8.4% | 4.6% | 11.1% | 15.8% | 16.1% | 16.4% | 17.5% | 18.0% |
| Net margin | −0.9% | −122.1% | −1.0% | −2.8% | 9.2% | 13.0% | 14.2% | 14.5% | 15.7% | 12.1% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $222.8M | $225.3M | $211.2M | $224.7M | $209.2M | $225.5M | $221.0M | $231.3M | $217.0M | $236.8M | $228.8M | $229.6M |
| Cost of revenue | $117.3M | $117.5M | $112.2M | $118.0M | $114.2M | $132.6M | $134.0M | $141.5M | $130.5M | $123.3M | $113.2M | $112.9M |
| Gross profit | $105.5M | $107.8M | $99.0M | $106.7M | $95.0M | $92.9M | $87.0M | $89.7M | $86.4M | $113.5M | $115.6M | $116.8M |
| Research & development | $6.5M | $4.9M | $3.8M | $4.6M | $5.1M | $6.3M | $4.5M | $5.1M | $5.2M | $5.1M | $4.9M | $5.8M |
| Sales, general & admin | $100.8M | $99.8M | $98.5M | $107.5M | $105.9M | $99.8M | $55.8M | $57.8M | $51.7M | $51.0M | $100.0M | $96.6M |
| Total operating expenses | $107.3M | $104.7M | $102.3M | $112.1M | $111.1M | $106.1M | $75.0M | $72.7M | $77.8M | $95.9M | $103.9M | $102.3M |
| Operating income | −$1.8M | $3.1M | −$3.3M | −$5.4M | −$16.1M | −$13.3M | $12.0M | $17.1M | $8.7M | $17.6M | $11.7M | $14.5M |
| Interest income | — | — | — | $592,000 | $918,000 | $644,000 | $699,000 | $774,000 | $993,000 | $1.1M | $1.6M | $1.9M |
| Interest expense | $13.8M | $13.9M | $13.9M | $14.8M | $16.4M | $17.1M | $17.7M | $18.1M | $18.6M | $18.6M | $18.3M | $18.0M |
| Income before taxes | −$14.9M | −$12.1M | −$20.3M | −$20.4M | $43.8M | −$631.2M | −$9.7M | −$476.6M | −$15.6M | −$6.4M | −$5.8M | −$3.7M |
| Income taxes | −$3.0M | −$800,000 | −$3.3M | −$4.4M | $7.5M | −$19.0M | $1.2M | −$20.3M | −$3.0M | −$984,000 | −$3.8M | −$260,000 |
| Net income | −$11.9M | −$11.3M | −$17.0M | −$15.9M | $36.3M | −$612.2M | −$11.0M | −$456.3M | −$12.6M | −$5.4M | −$2.0M | −$3.5M |
| EBITDA | $28.0M | $31.2M | $22.5M | $23.4M | $89.3M | −$577.6M | $37.4M | −$428.4M | $32.8M | $46.2M | $42.7M | $43.8M |
| EPS (diluted) | $0.07 | $0.08 | $0.09 | $0.10 | $0.04 | $0.05 | $0.10 | $0.11 | $0.07 | $0.10 | $0.12 | $0.11 |
| Gross margin | 47.4% | 47.8% | 46.9% | 47.5% | 45.4% | 41.2% | 39.4% | 38.8% | 39.8% | 47.9% | 50.5% | 50.9% |
| Operating margin | −0.8% | 1.4% | −1.6% | −2.4% | −7.7% | −5.9% | 5.4% | 7.4% | 4.0% | 7.4% | 5.1% | 6.3% |
| Net margin | −5.3% | −5.0% | −8.0% | −7.1% | 17.4% | −271.5% | −5.0% | −197.3% | −5.8% | −2.3% | −0.9% | −1.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NEOG's financial statements (latest annual report filed July 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NEOG financial results
In fiscal year 2026 (ended May 31, 2026), Neogen reported revenue of $870.4 million, down 2.7% from the year before. It had a net loss of $7.9 million, a net profit margin of −0.9%. Diluted earnings per share came to $0.31. Over five years revenue grew at an average rate of 13.2% a year.
See the NEOG stock overview for the latest quote and news, or the NEOG chart for price history and technical indicators.
NEOG income statement FAQ
What is Neogen's annual revenue?
Neogen reported total revenue of $870.4 million for fiscal year 2026, which ended on May 31, 2026. That was down 2.7% from $894.7 million the previous year.
Is Neogen profitable?
No. Neogen reported a net loss of $7.9 million in fiscal 2026, a net profit margin of −0.9%; its operating margin was −2.5%.
What is Neogen's gross margin?
Neogen's gross margin was 46.9% in fiscal 2026: for every $100 of revenue, Neogen kept $47 after the direct cost of its products and services.
How much does Neogen spend on research and development?
Neogen spent $18.4 million on research and development in fiscal 2026, 2.1% of revenue.
How fast is Neogen growing?
Revenue grew 13.2% a year on average over the last five fiscal years, from $468.5 million to $870.4 million.
What are Neogen's earnings per share?
Neogen earned $0.31 per diluted share in fiscal 2026, compared with $0.33 a year earlier.
When does Neogen's fiscal year end?
Neogen's fiscal year ends in May. The latest annual report covers the year ended May 31, 2026 and was filed on July 30, 2026.