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Bio-Techne Corporation (TECH) FY2026 Financial Statements: Revenue $1.22B, Net income $181.86M

CIK 0000842023 · Nasdaq · Latest period: FY2026 (ended 2026-06-30, 10-K accession 0001104659-26-100322) · Next expected filing: 10-Q ~2026-11-04

More for Bio-Techne: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodFY2026

Published

Bio-Techne reported $1.22 billion in net sales for FY2026, the fiscal year ended June 30, 2026, down 0.4% from a year earlier and leaving the life science tools maker's top line roughly where it stood in fiscal 2025. Net income was $181.86 million, up 147.8%, and operating income was $251.89 million, up 146.3%, but almost all of that increase came from a depressed prior-year base rather than from operating momentum: fiscal 2025 absorbed an impairment on a business classified as held for sale and a non-recurring arbitration award, and fiscal 2026 booked a recovery on that same business. Diluted earnings per share were $1.16, and in June 2026 Bio-Techne agreed to be acquired by Merck KGaA, Darmstadt, Germany, a transaction that was still pending at the date of the annual report.

MetricAmountvs. year ago
Revenue$1,215,039,000down 0.4%
Net income$181,862,000up 147.8%
Diluted EPS$1.16up 152.2%
Operating income$251,890,000up 146.3%
Free cash flow$263,223,000up 2.6%

About this file

TickerTECH
CIK0000842023
CompanyBio-Techne Corporation
Business typelife sciences tools and diagnostics
Schema templatestandard operating company (net sales, cost of sales, gross margin, operating income, net earnings; cash, debt, assets, equity; operating cash flow, capital expenditures, free cash flow)
Reporting currencyUSD
Converted to USDno
Unitsactual dollars (not thousands); per-share amounts in dollars; share counts in actual shares

TECH annual income statement, balance sheet and cash flow

FY2026FY2025FY2024
Fiscal year202620252024
LabelFY2026FY2025FY2024
Period start2025-07-012024-07-012023-07-01
Period end2026-06-302025-06-302024-06-30
Period typefiscal yearfiscal yearfiscal year
Source accession0001104659-26-1003220001104659-26-1003220001104659-26-100322
Income statement
Net sales1,215,039,0001,219,635,0001,159,060,000
Cost of sales415,968,000429,363,000389,335,000
Gross margin799,071,000790,272,000769,725,000
Selling general and administrative452,415,000588,521,000466,375,000
Research and development94,766,00099,496,00096,664,000
Total operating expenses547,181,000688,017,000563,039,000
Operating income251,890,000102,255,000206,686,000
Interest expense-9,630,000-8,509,000-15,736,000
Interest income4,223,0003,886,0003,323,000
Total other income expense net-11,210,000-3,792,000-20,997,000
Earnings before income taxes240,680,00098,463,000185,689,000
Income taxes58,818,00025,063,00017,584,000
Net earnings181,862,00073,400,000168,105,000
Basic EPS1.170.471.07
Diluted EPS1.160.461.05
Basic shares155,963,000157,521,000157,708,000
Diluted shares157,009,000159,717,000160,774,000
Dividends declared per share0.320.320.32
Balance sheet
Cash and cash equivalents264,712,000162,186,000
Accounts receivable net216,585,000206,876,000
Inventories195,744,000189,446,000
Total current assets744,401,000608,300,000
Property and equipment net231,836,000245,719,000
Goodwill975,355,000980,935,000
Intangible assets net303,465,000365,599,000
Total assets2,586,726,0002,557,868,000
Total current liabilities163,700,000175,849,000
Long term debt200,000,000346,000,000
Total shareholders equity2,108,221,0001,918,808,0002,068,850,000
Total debt200,000,000346,000,000
Total liabilities478,505,000639,060,000
Shares issued and outstanding156,095,113154,972,196158,216,000
Cash flow
Net earnings181,862,00073,400,000168,105,000
Depreciation and amortization97,359,000109,903,000111,711,000
Stock based compensation41,365,00040,833,00038,042,000
Operating cash flow292,073,000287,556,000298,981,000
Capex-28,850,000-31,006,000-62,877,000
Net cash used in investing activities-18,190,000-35,183,000-203,030,000
Cash dividends paid-49,916,000-50,391,000-50,419,000
Repurchases of common stock-41,675,000-275,731,000-80,042,000
Net cash used in financing activities-169,114,000-253,905,000-122,398,000
Cash and cash equivalents at end of period264,712,000162,186,000151,791,000
Free cash flow263,223,000256,550,000236,104,000
Segment results
Protein sciences
Net sales874,620,000870,245,000830,902,000
Segment operating income359,401,000370,353,000354,775,000
Diagnostics and spatial biology
Net sales336,365,000346,263,000326,392,000
Segment operating income37,698,00021,324,00024,546,000
Total reportable segment net sales1,210,985,0001,216,508,0001,157,294,000
Total segment operating income397,099,000391,677,000379,321,000
Revenue by type
Consumables985,115,000972,286,000928,180,000
Instruments110,632,000112,086,000108,270,000
Services94,301,000111,570,00099,265,000
Royalties24,991,00023,693,00023,345,000
Total net sales1,215,039,0001,219,635,0001,159,060,000
Revenue by geography
United states635,372,000683,230,000657,747,000
Emea excluding united kingdom294,222,000266,305,000241,432,000
United kingdom56,284,00054,827,00050,012,000
Apac excluding greater china85,815,00077,263,00073,904,000
Greater china104,061,000100,463,00099,467,000
Rest of world39,285,00037,547,00036,498,000
Total net sales1,215,039,0001,219,635,0001,159,060,000
Source noteIncome statement and cash flow from the fiscal 2026 10-K. The 10-K's balance sheets cover only June 30, 2026 and 2025, so the only June 30, 2024 balance-sheet amounts reported here are total shareholders' equity and shares outstanding, taken from the consolidated statements of shareholders' equity in the same 10-K.

TECH quarterly income statement, balance sheet and cash flow

Q4 FY2026Q3 FY2026Q4 FY2025Q3 FY2025
Fiscal year2026202620252025
Fiscal quarter4343
LabelQ4 FY2026Q3 FY2026Q4 FY2025Q3 FY2025
Period start2026-04-012026-01-012025-04-012025-01-01
Period end2026-06-302026-03-312025-06-302025-03-31
Period typethree monthsthree monthsthree monthsthree months
Source accession0001104659-26-0943910001104659-26-0563020001104659-26-0943910001104659-26-056302
Income statement
Net sales321,191,000311,415,000316,964,000316,181,000
Cost of sales109,797,000103,127,000118,152,000101,625,000
Gross margin211,394,000208,288,000198,812,000214,556,000
Selling general and administrative113,172,000109,338,000196,640,000151,269,000
Research and development23,945,00023,455,00026,032,00024,579,000
Total operating expenses137,117,000132,793,000222,672,000175,848,000
Operating income74,277,00075,495,000-23,860,00038,708,000
Total other income expense net-3,596,000-4,270,0001,001,000-434,000
Earnings before income taxes70,681,00071,225,000-22,859,00038,274,000
Income taxes16,059,00020,178,000-5,182,00015,686,000
Net earnings54,622,00051,047,000-17,677,00022,588,000
Basic EPS0.350.33-0.110.14
Diluted EPS0.350.32-0.110.14
Basic shares156,090,000156,327,000154,913,000157,372,000
Diluted shares157,025,000157,403,000155,757,000158,944,000
Balance sheet
Cash and cash equivalents264,712,000209,819,000162,186,000
Accounts receivable net216,585,000214,562,000206,876,000
Inventories195,744,000201,175,000189,446,000
Total current assets744,401,000688,050,000608,300,000
Property and equipment net231,836,000232,990,000245,719,000
Goodwill975,355,000977,800,000980,935,000
Intangible assets net303,465,000319,074,000365,599,000
Total assets2,586,726,0002,550,601,0002,557,868,000
Total current liabilities163,700,000153,278,000175,849,000
Long term debt200,000,000200,000,000346,000,000
Total shareholders equity2,108,221,0002,085,304,0001,918,808,000
Total debt200,000,000200,000,000346,000,000
Total liabilities478,505,000465,297,000639,060,000
Shares issued and outstanding156,095,113156,516,091154,972,196
Cash flow
Depreciation and amortization24,141,00027,111,000
Stock based compensation5,230,0004,550,000
Operating cash flow95,416,00098,201,000
Capex-8,480,000-4,890,000
Free cash flow86,936,00093,311,000
Net cash used in investing activities-7,057,000406,000
Cash dividends paid-12,484,000-12,387,000
Repurchases of common stock-41,651,000-100,057,000
Net cash used in financing activities-33,208,000-90,452,000
Cash and cash equivalents at end of period264,712,000162,186,000
Additional source accessions0001104659-26-100322; 0001104659-26-0563020001104659-26-100322; 0001104659-26-056302
Source noteIncome statement from the earnings release furnished on Form 8-K on August 12, 2026 (accession 0001104659-26-094391); balance sheet from the fiscal 2026 10-K (accession 0001104659-26-100322); cash flow derived from the 10-K's fiscal-year column less the nine-month column in the third-quarter fiscal 2026 10-Q (accession 0001104659-26-056302).Income statement from the earnings release furnished on Form 8-K on August 12, 2026 (accession 0001104659-26-094391); balance sheet from the fiscal 2026 10-K (accession 0001104659-26-100322); cash flow derived from the 10-K's fiscal-year column less the nine-month column in the third-quarter fiscal 2026 10-Q (accession 0001104659-26-056302).

TECH year-to-date income statement and cash flow

Nine months ended March 31, 2026
LabelNine months ended March 31, 2026
Period start2025-07-01
Period end2026-03-31
Period typenine months
Source accession0001104659-26-056302
Prior year comparative
LabelNine months ended March 31, 2025
Period start2024-07-01
Period end2025-03-31
Period typenine months
Source accession0001104659-26-056302
Income statement
Net sales902,671,000.0
Cost of sales311,211,000.0
Gross margin591,460,000.0
Selling general and administrative391,881,000.0
Research and development73,464,000.0
Total operating expenses465,345,000.0
Operating income126,115,000.0
Total other income expense net-4,793,000.0
Earnings before income taxes121,322,000.0
Income taxes30,244,000.0
Net earnings91,078,000.0
Basic EPS0.58
Diluted EPS0.57
Basic shares158,117,000.0
Diluted shares160,662,000.0
Cash flow
Net earnings91,078,000.0
Depreciation and amortization82,792,000.0
Stock based compensation36,283,000.0
Operating cash flow189,355,000.0
Capex-26,116,000.0
Free cash flow163,239,000.0
Net cash used in investing activities-35,589,000.0
Cash dividends paid-38,004,000.0
Repurchases of common stock-175,674,000.0
Net cash used in financing activities-163,453,000.0
Cash and cash equivalents at end of period140,670,000.0
Income statement
Net sales893,847,000.0
Cost of sales306,170,000.0
Gross margin587,677,000.0
Selling general and administrative339,242,000.0
Research and development70,821,000.0
Total operating expenses410,063,000.0
Operating income177,614,000.0
Total other income expense net-7,614,000.0
Earnings before income taxes170,000,000.0
Income taxes42,759,000.0
Net earnings127,241,000.0
Basic EPS0.82
Diluted EPS0.81
Basic shares155,893,000.0
Diluted shares156,943,000.0
Cash flow
Net earnings127,241,000.0
Depreciation and amortization73,218,000.0
Stock based compensation36,135,000.0
Operating cash flow196,657,000.0
Capex-20,370,000.0
Free cash flow176,287,000.0
Net cash used in investing activities-11,133,000.0
Cash dividends paid-37,432,000.0
Repurchases of common stock-24,000.0
Net cash used in financing activities-135,906,000.0
Cash and cash equivalents at end of period209,819,000.0

TECH trailing twelve month income statement and cash flow

Trailing twelve months ended June 30, 2026
LabelTrailing twelve months ended June 30, 2026
Period start2025-07-01
Period end2026-06-30
Period typetwelve months
Source accession0001104659-26-100322
Income statement
Net sales1,215,039,000
Cost of sales415,968,000
Gross margin799,071,000
Selling general and administrative452,415,000
Research and development94,766,000
Total operating expenses547,181,000
Operating income251,890,000
Interest expense-9,630,000
Interest income4,223,000
Total other income expense net-11,210,000
Earnings before income taxes240,680,000
Income taxes58,818,000
Net earnings181,862,000
Basic EPS1.17
Diluted EPS1.16
Basic shares155,963,000
Diluted shares157,009,000
Dividends declared per share0.32
Balance sheet
Cash and cash equivalents264,712,000
Accounts receivable net216,585,000
Inventories195,744,000
Total current assets744,401,000
Property and equipment net231,836,000
Goodwill975,355,000
Intangible assets net303,465,000
Total assets2,586,726,000
Total current liabilities163,700,000
Long term debt200,000,000
Total shareholders equity2,108,221,000
Total debt200,000,000
Total liabilities478,505,000
Shares issued and outstanding156,095,113
Cash flow
Net earnings181,862,000
Depreciation and amortization97,359,000
Stock based compensation41,365,000
Operating cash flow292,073,000
Capex-28,850,000
Net cash used in investing activities-18,190,000
Cash dividends paid-49,916,000
Repurchases of common stock-41,675,000
Net cash used in financing activities-169,114,000
Cash and cash equivalents at end of period264,712,000
Free cash flow263,223,000

Adjustments

Value
Splits appliednone
ADR ration/a
FXnone - the company reports in U.S. dollars

Notes

  • Fiscal 2026, 2025 and 2024 income statement and cash flow figures, and the June 30, 2026 and June 30, 2025 balance sheets, are taken from the consolidated financial statements in the fiscal 2026 Form 10-K (accession 0001104659-26-100322), filed August 24, 2026. Bio-Techne's fiscal year ends June 30.
  • The 10-K presents its statements in thousands; every figure in this record is stated in actual U.S. dollars.
  • The consolidated balance sheets in the 10-K present only June 30, 2026 and June 30, 2025. Fiscal 2024 therefore carries no balance sheet here apart from total shareholders' equity and shares outstanding at June 30, 2024, which the consolidated statements of shareholders' equity print.
  • Bio-Techne does not file a fourth-quarter 10-Q. The Q4 fiscal 2026 and Q4 fiscal 2025 income statements are taken from the condensed consolidated statements of earnings in Exhibit 99.1 to the earnings release furnished on Form 8-K on August 12, 2026 (accession 0001104659-26-094391), which prints an explicit quarter-ended June 30 column for both years. These are press-release figures, not figures from a quarterly report.
  • The Q4 cash flow figures for both years are derived by subtracting the nine months ended March 31 (from the third-quarter fiscal 2026 Form 10-Q, accession 0001104659-26-056302) from the corresponding fiscal year in the 10-K. No filing prints a discrete fourth-quarter cash flow statement.
  • Deriving the fourth quarter the same way from the income statement reproduces the earnings release to within one thousand dollars on net sales, cost of sales, operating income, income taxes and net earnings, which is rounding at the thousand-dollar level. The earnings release's own quarterly column is the figure reported here.
  • Third-quarter figures for fiscal 2026 and fiscal 2025 come from the third-quarter fiscal 2026 Form 10-Q (accession 0001104659-26-056302), which prints the quarter and the nine months side by side. Only the discrete three-month columns are reported as quarters; the nine-month columns are reported separately in the year-to-date block.
  • Because fiscal 2026 closed on June 30, 2026, the year-to-date block reports the nine months ended March 31, 2026 as the 10-Q prints it. The completed fiscal year is the FY2026 entry in the annual list, and the trailing twelve months ended June 30, 2026 coincide exactly with fiscal 2026.
  • Total liabilities is not printed as a subtotal on Bio-Techne's balance sheet. It is stated here as total assets less total shareholders' equity, and agrees with the sum of the individual liability captions.
  • Total debt equals long-term debt obligations. The balance sheets present no current portion of debt. Long-term borrowings fell from $346.0 million at June 30, 2025 to $200.0 million at June 30, 2026 on $146.0 million of repayments.
  • Cash outflows are carried with the sign the statements print, so capital expenditures and dividends are negative. Free cash flow is operating cash flow less the cash spent on property and equipment.
  • Fiscal 2025 operating income of $102.3 million was depressed by an $80.5 million impairment of assets held-for-sale and $41.8 million of certain litigation charges, chiefly $37.2 million paid on a binding arbitration award resolving a dispute with the company's former chief executive over the expiration of stock options. The 10-K states that amount is inclusive of interest and legal fees; the Form 8-K of March 4, 2025 (accession 0001558370-25-002177) reports the arbitrator's award itself as approximately $35,978,000, plus approximately $980,000 of interest and approximately $234,000 of legal fees and costs. Fiscal 2026 includes a $6.8 million recovery on those held-for-sale assets and $5.5 million of litigation charges. This is the main reason fiscal 2025 net earnings of $73.4 million sit well below both fiscal 2024 and fiscal 2026.
  • On June 25, 2026 Bio-Techne entered into a merger agreement under which Merck KGaA, Darmstadt, Germany would acquire each outstanding share for $73.00 in cash. The merger was pending at the date of the 10-K, is subject to shareholder and antitrust approvals, and is expected to close by late 2026 or early 2027. The 10-K's income statement carries no separate line for costs of the pending merger.
  • Segment operating income is stated before amortization of intangibles, acquisition-related expenses, certain litigation charges, stock-based compensation, restructuring costs, the impact of a business held-for-sale and corporate general and administrative expenses, so the two segments do not sum to consolidated operating income. Note 13 of the 10-K carries the full reconciliation.
  • Reportable-segment net sales ($1,210,985 thousand in fiscal 2026) exclude a business classified as held-for-sale and intersegment eliminations, which is why they differ from consolidated net sales of $1,215,039 thousand.
  • Cash dividends declared were $0.32 per share in each of fiscal 2026, 2025 and 2024.
  • Bio-Techne's 4-for-1 forward stock split was effective November 30, 2022, before every period reported here, and all per-share amounts in these filings are already stated on a post-split basis. No split adjustment has been applied.
  • Bio-Techne reports in U.S. dollars and is not an American depositary receipt issuer, so no currency conversion or per-ADS adjustment applies.

Uncertainties

  • The fourth-quarter income statements for fiscal 2026 and fiscal 2025 are press-release figures from the August 12, 2026 Form 8-K rather than figures from a quarterly report. Deriving the same quarters by subtracting the 10-Q's nine-month columns from the 10-K's fiscal-year columns gives net sales, cost of sales, operating income, income taxes and net earnings that differ by one thousand dollars; the gap is rounding and does not change any figure at the precision reported.
  • Neither the fiscal 2026 10-K nor the third-quarter fiscal 2026 10-Q prints a discrete fourth-quarter cash flow statement, so every fourth-quarter cash flow figure here is a subtraction of the nine-month column from the fiscal-year column rather than a reported amount.
  • Neither filing prints a discrete cash flow statement for the third quarter of fiscal 2026 or fiscal 2025, only the nine-month cumulative amounts, which are reported in the year-to-date block. The third-quarter entries therefore carry no cash flow figures.
  • The first and second quarters of fiscal 2026 and fiscal 2025 are not reported. Neither the fiscal 2026 10-K nor the third-quarter fiscal 2026 10-Q prints those quarters.
  • Fiscal 2024 has no full balance sheet in these filings. Only total shareholders' equity and shares outstanding at June 30, 2024, from the consolidated statements of shareholders' equity, are reported for that year.
  • The fiscal 2026 unallocated operating expenses include $8.0 million of acquisition-related expenses and other costs, but the 10-K does not state how much of that, if any, relates to the pending Merck KGaA merger.

Company details

Value
NameBIO-TECHNE Corp
TickerTECH
CIK0000842023
ExchangeNasdaq
StateMinnesota
IncorporationMinnesota
SIC2836
OfficeLife Sciences
IndustryBiological Products, (No Diagnostic Substances)

Fiscal period

FY2026
Fiscal year2026
Fiscal periodFY
TagFY26
Period end2026-06-30
Form10-K
Accession0001104659-26-100322
Fiscal year end0630
Sourcefacts

FAQ · Bio-Techne financial statements

How much revenue did Bio-Techne report in FY2026?

Bio-Techne reported $1.22 billion in net sales for FY2026, the fiscal year ended June 30, 2026. That is down 0.4% from fiscal 2025 and effectively unchanged, with favorable currency translation offsetting the revenue lost to a divested business.

Why did Bio-Techne's net income rise so much in FY2026?

Bio-Techne's net income was $181.86 million in FY2026, up 147.8% from $73.4 million a year earlier, but the increase is mostly a prior-year base effect rather than growth in the business. Fiscal 2025 carried an impairment on a business classified as held for sale and a non-recurring arbitration award, while fiscal 2026 recorded a recovery on that business, and operating income moved the same way, to $251.89 million from $102.25 million.

What was Bio-Techne's earnings per share in FY2026?

Bio-Techne reported diluted earnings per share of $1.16 for FY2026, the fiscal year ended June 30, 2026, against $0.46 in fiscal 2025. As with net income, the year-over-year gain reflects prior-year charges that did not repeat.

How much cash did Bio-Techne generate in FY2026?

Bio-Techne's free cash flow was $263.22 million in FY2026, the fiscal year ended June 30, 2026, up 2.6% from $256.55 million a year earlier. Cash generation was far steadier than reported earnings across the two years.

Where can I get Bio-Techne Corporation (TECH) financial data in machine-readable form?

Ticker Scout publishes Bio-Techne Corporation's financial statements as JSON at https://tickerscout.ai/tech/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/tech/narrative.md and https://tickerscout.ai/tech/events.md. Bio-Techne Corporation's SEC CIK is 0000842023. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

When does Bio-Techne Corporation (TECH) next file with the SEC?

Bio-Techne Corporation (TECH) is expected to file its next Form 10-Q with the SEC on or around November 4, 2026. That date is a projection rather than a company-announced date: it is derived from Bio-Techne Corporation's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-K for FY2026, the period ended 2026-06-30, SEC accession 0001104659-26-100322.

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How this page was built

This page was built from four of Bio-Techne Corporation's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names six such gaps.

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