Bio-Techne Corporation stock research
FY2026 Q2
Bio-Techne (TECH) Gross Margin — Quarter Ended Dec 31, 2025
Revenue increased from the prior quarter but declined from the same quarter last year. Gross profit followed a similar pattern, while cost of revenue rose on both comparisons, resulting in a lower gross margin.
Gross margin takeaway
Quarter ended Dec 31, 2025 · FY2026 Q2
Revenue increased from the prior quarter but declined from the same quarter last year. Gross profit followed a similar pattern, while cost of revenue rose on both comparisons, resulting in a lower gross margin.
- Cost of revenue grew faster than revenue on a sequential basis and remained elevated year over year, driving the gross margin lower.
- Gross margin weakened compared to both the immediately preceding quarter and the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
64.6%
Gross profit
$191.3M
Revenue
$295.9M
Cost of revenue
$104.6M
Quarter-over-quarter change
-1.0 pts
Year-over-year change
-0.6 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 |
|---|---|---|---|---|
| Mar 31, 2025 | $316.2M | $214.6M | $101.6M | 67.9% |
| Jun 30, 2025 | $317.0M | $198.8M | $118.2M | 62.7% |
| Sep 30, 2025 | $286.6M | $188.1M | $98.4M | 65.6% |
| Dec 31, 2025 | $295.9M | $191.3M | $104.6M | 64.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2025
-1.0 pts
Year-over-year change
Dec 31, 2024
-0.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Cost of revenue grew faster than revenue on a sequential basis and remained elevated year over year, driving the gross margin lower.
Gross margin weakened compared to both the immediately preceding quarter and the same quarter one year earlier.
Monitor the trend in cost of revenue relative to revenue for potential continued margin pressure.