BIO-TECHNE Corp (TECH) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
614 MCKINLEY PL N E MINNEAPOLIS, MN 55413 |
| State of Incorp. | MN |
| Fiscal Year End | June 30 |
| Industry (SIC) | 2836 - Biological Products, Except Diagnostic Substances (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2025 MRQ | 6/30/2025 | 6/30/2024 | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 162,186 | 152,863 | 204,310 | 247,029 | 199,091 | 146,625 | |||
| Cash and cash equivalent | 162,186 | 151,791 | 180,571 | 172,567 | 199,091 | 146,625 | |||
| Short-term investments | 1,072 | 23,739 | 74,462 | ||||||
| Receivables | 206,876 | 241,394 | 218,468 | 194,548 | 145,385 | 122,534 | |||
| Inventory, net of allowances, customer advances and progress billings | 189,446 | 179,731 | 171,638 | 141,123 | 116,748 | 103,152 | |||
| Inventory | 189,446 | 179,731 | 171,638 | 141,123 | 116,748 | 103,152 | |||
| Disposal group, including discontinued operation | 12,332 | 9,773 | |||||||
| Other current assets | 37,460 | 33,658 | 27,066 | 22,856 | 16,919 | 24,341 | |||
| Other undisclosed current assets | 32,463 | 124,268 | |||||||
| Total current assets: | 608,300 | 617,419 | 621,482 | 605,556 | 510,606 | 520,920 | |||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 5,718 | ||||||||
| Operating lease, right-of-use asset | 73,399 | 91,285 | 98,326 | 65,556 | 73,834 | 71,465 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 245,719 | 251,154 | 226,200 | 223,242 | 207,907 | 176,829 | |||
| Long-term investments and receivables | 242,337 | ||||||||
| Long-term investments | 242,337 | ||||||||
| Intangible asset, including goodwill, after accumulated amortization, including: | 1,346,534 | 1,479,744 | 1,407,382 | 1,353,623 | 615,968 | 1,244,853 | |||
| Goodwill | 980,935 | 972,663 | 872,737 | 822,101 | 843,067 | 728,308 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 365,599 | 507,081 | 534,645 | 531,522 | 615,968 | 516,545 | |||
| Other undisclosed intangible asset, including goodwill, after accumulated amortization | (843,067) | ||||||||
| Deferred income tax assets | 10,307 | ||||||||
| Other noncurrent assets | 273,609 | 264,265 | 285,302 | 46,828 | 11,575 | 13,522 | |||
| Other undisclosed noncurrent assets | (248,055) | 843,067 | |||||||
| Total noncurrent assets: | 1,949,568 | 2,086,448 | 2,017,210 | 1,689,249 | 1,752,351 | 1,506,669 | |||
| TOTAL ASSETS: | 2,557,868 | 2,703,867 | 2,638,692 | 2,294,805 | 2,262,957 | 2,027,589 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 50,974 | 62,854 | 40,559 | 126,941 | 101,296 | 65,646 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 13,237 | 5,336 | 2,376 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 61,953 | 51,294 | 31,087 | ||
| Accounts payable | 25,311 | 37,968 | 25,679 | 33,865 | 29,384 | 23,090 | |||
| Accrued liabilities | 25,663 | 24,886 | 14,880 | 17,886 | 15,282 | 9,093 | |||
| Deferred revenue | 32,571 | 27,930 | 23,069 | 23,406 | 18,995 | 13,049 | |||
| Debt | 12,500 | 12,500 | 12,500 | ||||||
| Business combination, contingent consideration, liability | 3,500 | 4,000 | 5,938 | ||||||
| Other liabilities | 1,645 | 2,151 | 1,413 | 1,243 | 3,891 | ||||
| Other undisclosed current liabilities | 90,659 | 66,444 | 59,968 | 11,928 | 11,602 | 9,535 | |||
| Total current liabilities: | 175,849 | 159,379 | 128,509 | 176,018 | 152,284 | 106,668 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 346,000 | 319,000 | 350,000 | 243,410 | 328,827 | 344,243 | |||
| Other undisclosed long-term debt and lease obligation | 346,000 | 319,000 | 350,000 | 185,277 | 261,202 | 276,995 | |||
| Liabilities, other than long-term debt | 117,211 | 157,590 | 193,667 | 116,233 | 142,987 | 128,238 | |||
| Deferred income tax liabilities | 6,169 | 55,863 | 88,982 | 98,994 | 93,125 | 101,090 | |||
| Restructuring reserve | 952 | ||||||||
| Other liabilities | 27,082 | 13,157 | 10,919 | 12,239 | 24,462 | 26,949 | |||
| Operating lease, liability | 83,960 | 87,618 | 93,766 | 58,133 | 67,625 | 67,248 | |||
| Business combination, contingent consideration, liability | 5,000 | 25,400 | 199 | ||||||
| Other undisclosed noncurrent liabilities | (952) | 58,133 | 67,625 | ||||||
| Total noncurrent liabilities: | 463,211 | 475,638 | 543,667 | 417,776 | 539,439 | 472,481 | |||
| Total liabilities: | 639,060 | 635,017 | 672,176 | 593,794 | 691,723 | 579,149 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,918,808 | 2,068,850 | 1,966,516 | 1,701,770 | 1,562,971 | 1,381,192 | |||
| Common stock | 1,550 | 1,582 | 1,576 | 392 | 390 | 385 | |||
| Additional paid in capital | 911,089 | 820,337 | 721,543 | 653,657 | 534,411 | 420,536 | |||
| Accumulated other comprehensive loss | (59,880) | (78,316) | (66,064) | (75,200) | (57,291) | (97,199) | |||
| Retained earnings | 1,066,049 | 1,325,247 | 1,309,461 | 1,122,921 | 1,085,461 | 1,057,470 | |||
| Equity, attributable to noncontrolling interest | (759) | 8,263 | |||||||
| Total equity: | 1,918,808 | 2,068,850 | 1,966,516 | 1,701,011 | 1,571,234 | 1,381,192 | |||
| Other undisclosed liabilities and equity | 67,248 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 2,557,868 | 2,703,867 | 2,638,692 | 2,294,805 | 2,262,957 | 2,027,589 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 TTM | 6/30/2025 | 6/30/2024 | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,219,635 | 1,159,060 | 1,136,702 | 1,105,599 | 931,032 | 738,691 | ||
| Cost of revenue (Cost of Product and Service Sold) | (429,363) | (389,335) | (366,887) | (349,103) | (298,182) | (255,497) | ||
| Gross profit: | 790,272 | 769,725 | 769,815 | 756,496 | 632,850 | 483,194 | ||
| Operating expenses | (688,017) | (563,039) | (470,871) | (459,906) | (395,554) | (325,775) | ||
| Operating income: | 102,255 | 206,686 | 298,944 | 296,590 | 237,296 | 157,419 | ||
| Nonoperating income (expense) | (3,792) | (20,997) | 39,715 | 4,796 | (89,121) | 119,058 | ||
| Investment income, nonoperating | 3,886 | 3,606 | 52,738 | 794 | 473 | 605 | ||
| Other nonoperating income (expense) | 831 | (8,584) | 47,520 | 15,311 | (75,642) | 137,650 | ||
| Interest and debt expense | (8,509) | (11,215) | (11,309) | (13,952) | (19,197) | |||
| Income from continuing operations before equity method investments, income taxes: | 89,954 | 185,689 | 327,444 | 290,077 | 134,223 | 257,280 | ||
| Loss from equity method investments | (6,841) | |||||||
| Other undisclosed income from continuing operations before income taxes | 8,509 | 6,841 | 11,215 | 11,309 | 13,952 | 19,197 | ||
| Income from continuing operations before income taxes: | 98,463 | 185,689 | 338,659 | 301,386 | 148,175 | 276,477 | ||
| Income tax expense | (25,063) | (17,584) | (53,217) | (38,287) | (8,590) | (47,181) | ||
| Income from continuing operations: | 73,400 | 168,105 | 285,442 | 263,099 | 139,585 | 229,296 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 263,099 | 139,585 | 229,296 | |
| Income from discontinued operations | ||||||||
| Other undisclosed net loss | ||||||||
| Net income: | 73,400 | 168,105 | 285,442 | 263,099 | 139,585 | 229,296 | ||
| Net income (loss) attributable to noncontrolling interest | (179) | 8,952 | 825 | |||||
| Net income attributable to parent: | 73,400 | 168,105 | 285,263 | 272,051 | 140,410 | 229,296 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (37) | (33) | (70) | (121) | (86) | (224) | ||
| Net income available to common stockholders, diluted: | 73,363 | 168,072 | 285,193 | 271,930 | 140,324 | 229,072 | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 TTM | 6/30/2025 | 6/30/2024 | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 73,400 | 168,105 | 285,442 | 263,099 | 139,585 | 229,296 | ||
| Other comprehensive income (loss) | 18,436 | (12,252) | 9,103 | (17,979) | 40,011 | |||
| Comprehensive income: | 91,836 | 155,853 | 294,545 | 245,120 | 179,596 | 229,296 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (146) | 9,022 | 722 | |||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (13,678) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 91,836 | 155,853 | 294,399 | 254,142 | 180,318 | 215,618 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.