Bio-Techne Corporation stock research
FY2025 Q3
Bio-Techne (TECH) Gross Margin — Quarter Ended Mar 31, 2025
Revenue increased while cost of revenue decreased compared to the prior quarter, and revenue grew year-over-year with a smaller increase in cost of revenue, resulting in gross margin improvement both sequentially and annually.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q3
Revenue increased while cost of revenue decreased compared to the prior quarter, and revenue grew year-over-year with a smaller increase in cost of revenue, resulting in gross margin improvement both sequentially and annually.
- The gross margin improvement was driven by revenue growth combined with a reduction in cost of revenue sequentially, and by revenue outpacing the increase in cost of revenue year-over-year.
- Compared to the immediately preceding quarter, gross margin was higher as revenue increased and cost of revenue decreased. Compared to the same quarter one year earlier, gross margin was also slightly higher, with revenue and cost of revenue both higher but revenue growing at a greater pace.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
67.9%
Gross profit
$214.6M
Revenue
$316.2M
Cost of revenue
$101.6M
Quarter-over-quarter change
+2.6 pts
Year-over-year change
+0.4 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2024 | $306.1M | $203.3M | $102.8M | 66.4% |
| Sep 30, 2024 | $289.5M | $183.0M | $106.4M | 63.2% |
| Dec 31, 2024 | $297.0M | $193.9M | $103.1M | 65.3% |
| Mar 31, 2025 | $316.2M | $214.6M | $101.6M | 67.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
+2.6 pts
Year-over-year change
Mar 31, 2024
+0.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improvement was driven by revenue growth combined with a reduction in cost of revenue sequentially, and by revenue outpacing the increase in cost of revenue year-over-year.
Compared to the immediately preceding quarter, gross margin was higher as revenue increased and cost of revenue decreased. Compared to the same quarter one year earlier, gross margin was also slightly higher, with revenue and cost of revenue both higher but revenue growing at a greater pace.
Monitor the trend of cost of revenue relative to revenue, as its direction will directly influence future gross margin.