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Companies / Health Care / Biodesix, Inc.
BDSX

Biodesix, Inc.

Health CareHealth Services
Ticker BDSXLOUISVILLE, COFiscal year ends DecemberBook value per share $0.85Diluted shares 10.2M

Biodesix, Inc. (Nasdaq: BDSX) is a diagnostic solutions company that develops and provides blood-based tests for lung disease and diagnostic development services for biopharmaceutical, life sciences, and research organizations. Its Lung Diagnostic Testing business offers five tests to help healthcare providers assess… From the company’s description.

Over the twelve months to Sep 30, 2026, Biodesix, Inc. reported revenue of $105.21M, up 31.2% from a year earlier, and a net loss of $27.08M. Its operating margin was −18.7%, and operations used $18.16M in cash. In fiscal 2025, it reported revenue of $88.50M, up 24.1% from fiscal 2024, and a net loss of $35.27M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$88.50MFY2025
+24.1% year over year
Last 12 mo $105.21M
-31.50%FY2025
+16.9 percentage points
Last 12 mo -18.69%
$-35.27MFY2025
+17.9% year over year
Last 12 mo $-27.08M
1430.63%FY2025
+1636.3 percentage points
Last 12 mo -312.14%
Cash & financing
$-23.27MFY2025
+52.2% year over year
Last 12 mo $-18.16M
$-23.53MFY2025
+54.6% year over year
Last 12 mo $-19.07M
-19.25FY2025
Was 1.75× a year earlier
Last 12 mo 5.43
7.6MFY2025
−94.2% year over year
Last 12 mo 10.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Biodesix, Inc. does

In the company’s own words

Biodesix, Inc. (Nasdaq: BDSX) is a diagnostic solutions company that develops and provides blood-based tests for lung disease and diagnostic development services for biopharmaceutical, life sciences, and research organizations. Its Lung Diagnostic Testing business offers five tests to help healthcare providers assess cancer risk in lung nodules and guide treatment and monitoring for non-small cell lung cancer. The tests include the Nodify Lung nodule assessment products and the IQLung portfolio, which combines VeriStrat immune profiling with GeneStrat tumor profiling. Development Services provides research, biomarker discovery, assay development and validation, clinical-trial testing, and regulatory, reimbursement, commercialization, and logistics support. The company serves healthcare providers and patients through its testing services, and biopharmaceutical, life sciences, diagnostic, and academic research customers through development work. In 2025, Lung Diagnostic Testing generated $79.2 million of revenue and Development Services generated $9.3 million; total revenue was approximately $88.5 million. Biodesix’s branded tests include Nodify Lung, VeriStrat, and GeneStrat. Its website is www.biodesix.com.

Company details
Sector
Health Care
Industry (SIC)
Health Services
Headquarters
LOUISVILLE, CO
Fiscal year end
December
CIK
1439725
SIC
8071

Financial performance, year by year

Fiscal 2020–2025 · USD
$-82.51M$-31.32M$19.88M$71.08M$122.28M202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Biodesix, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

17
funds hold it
0 of 35
superinvestors hold it
$17.30M
held by funds, at market
7.2%
of shares held by funds

Largest fund holders · Biodesix, Inc.’s weight in each

1.08%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.03%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Biodesix, Inc. and its peers compare on margins and cash generation over ten years?”
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