QuidelOrtho Corporation

QDEL

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

2,783

Cost of Revenue

1,496

Gross Profit

1,287

Gross Margin

46.2%

Operating Income

-1,961

Operating Margin

-70.5%

Net Income

-2,052

Net Margin

-73.7%

EPS (Basic)

$-30.54

EPS (Diluted)

$-30.54

EBITDA

-1,490

EBITDA Margin

-53.5%

2023

12/31/2023

Revenue

2,998

Cost of Revenue

1,503

Gross Profit

1,494

Gross Margin

49.8%

Operating Income

139

Operating Margin

4.6%

Net Income

-10

Net Margin

-0.3%

EPS (Basic)

$-0.15

EPS (Diluted)

$-0.15

EBITDA

607

EBITDA Margin

20.2%

2022

12/31/2022

Revenue

3,266

Cost of Revenue

1,330

Gross Profit

1,936

Gross Margin

59.3%

Operating Income

844

Operating Margin

25.8%

Net Income

549

Net Margin

16.8%

EPS (Basic)

$9.66

EPS (Diluted)

$9.56

EBITDA

1,094

EBITDA Margin

33.5%

2021

12/31/2021

Revenue

1,699

Cost of Revenue

420

Gross Profit

1,278

Gross Margin

75.3%

Operating Income

906

Operating Margin

53.3%

Net Income

704

Net Margin

41.5%

EPS (Basic)

$16.74

EPS (Diluted)

$16.43

EBITDA

953

EBITDA Margin

56.1%

2020

12/31/2020

Revenue

1,662

Cost of Revenue

313

Gross Profit

1,349

Gross Margin

81.2%

Operating Income

1,060

Operating Margin

63.8%

Net Income

810

Net Margin

48.8%

EPS (Basic)

$19.24

EPS (Diluted)

$18.60

EBITDA

1,099

EBITDA Margin

66.1%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	2,783	2,998	3,266	1,699	1,662
Cost of Revenue	1,496	1,503	1,330	420	313
Gross Profit	1,287	1,494	1,936	1,278	1,349
Gross Margin	46.2%	49.8%	59.3%	75.3%	81.2%
Operating Income	-1,961	139	844	906	1,060
Operating Margin	-70.5%	4.6%	25.8%	53.3%	63.8%
Net Income	-2,052	-10	549	704	810
Net Margin	-73.7%	-0.3%	16.8%	41.5%	48.8%
EPS (Basic)	$-30.54	$-0.15	$9.66	$16.74	$19.24
EPS (Diluted)	$-30.54	$-0.15	$9.56	$16.43	$18.60
EBITDA	-1,490	607	1,094	953	1,099
EBITDA Margin	-53.5%	20.2%	33.5%	56.1%	66.1%