Bio-Techne Corporation stock research
FY2025 Q4
Bio-Techne (TECH) Gross Margin — Quarter Ended Jun 30, 2025
Revenue increased slightly compared to the prior quarter and more notably compared to the same quarter last year. However, gross profit declined due to a larger increase in cost of revenue, resulting in a lower gross margin.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q4
Revenue increased slightly compared to the prior quarter and more notably compared to the same quarter last year. However, gross profit declined due to a larger increase in cost of revenue, resulting in a lower gross margin.
- The primary observable driver of margin change is the increase in cost of revenue, which rose significantly while revenue grew modestly, compressing gross profit and margin.
- Compared to the immediately preceding quarter, gross margin weakened. Compared to the same quarter one year earlier, gross margin also weakened. In both comparisons, cost of revenue was higher relative to revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
62.7%
Gross profit
$198.8M
Revenue
$317.0M
Cost of revenue
$118.2M
Quarter-over-quarter change
-5.1 pts
Year-over-year change
-3.7 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 |
|---|---|---|---|---|
| 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% |
| Jun 30, 2025 | $317.0M | $198.8M | $118.2M | 62.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
-5.1 pts
Year-over-year change
Jun 30, 2024
-3.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary observable driver of margin change is the increase in cost of revenue, which rose significantly while revenue grew modestly, compressing gross profit and margin.
Compared to the immediately preceding quarter, gross margin weakened. Compared to the same quarter one year earlier, gross margin also weakened. In both comparisons, cost of revenue was higher relative to revenue.
Monitor the trajectory of cost of revenue relative to revenue, as its increase has outpaced revenue growth.