MYGNHIGH SIGNALFINANCIAL10-K

Myriad Genetics experienced a substantial decline in stockholders' equity of 47.5% alongside a significant 31% reduction in total assets, indicating potential major writedowns or restructuring activities.

The dramatic reduction in stockholders' equity coupled with shrinking total assets suggests MYGN may have taken significant impairment charges or asset writedowns during the period. While the company improved its cash position and reduced current liabilities, the overall balance sheet contraction raises questions about asset valuations and potential strategic repositioning.

Comparing 2026-02-24 vs 2025-02-28View on EDGAR →
FINANCIAL ANALYSIS

MYGN's balance sheet reflects substantial contraction, with stockholders' equity falling 47.5% to $368M and total assets declining 31% to $706.6M, suggesting significant writedowns or impairments. However, the company strengthened its liquidity position with cash increasing 46% to $149.6M while reducing current liabilities by 18.5%. SG&A expenses grew modestly by 11.3%, indicating continued investment in operations despite the balance sheet restructuring.

FINANCIAL STATEMENT CHANGES
Stockholders Equity
Balance Sheet
-47.5%
$701.1M$368.0M

Equity declined sharply — large losses, buybacks, or write-downs reducing book value significantly.

Cash & Equivalents
Balance Sheet
+46.1%
$102.4M$149.6M

Cash position surged 46.1% — strong cash generation or capital raise providing significant financial cushion.

Total Assets
Balance Sheet
-31.2%
$1.0B$706.6M

Total assets contracted 31.2% — asset sales, write-downs, or balance sheet optimization underway.

Current Liabilities
Balance Sheet
-18.5%
$164.1M$133.8M

Current liabilities reduced — improved short-term financial position and working capital health.

Current Assets
Balance Sheet
+11.6%
$298.0M$332.6M

Current assets grew 11.6% — improving short-term liquidity or inventory/receivables build.

SG&A Expense
P&L
+11.3%
$514.7M$572.9M

SG&A increased modestly — likely reflects growth-related hiring or sales expansion investment.

Inventory
Balance Sheet
+11.3%
$27.5M$30.6M

Inventory built 11.3% — monitor whether demand supports this build or if write-downs may follow.

LANGUAGE CHANGES
NEW — 2026-02-24
PRIOR — 2025-02-28
ADDED
As of February 19, 2026, the registrant had 93,508,165 shares of common stock outstanding.
BUSINESS Overview and Mission Myriad Genetics is a leading molecular diagnostics and precision medicine company committed to advancing health and well-being for all.
We develop and commercialize molecular tests that help patients and providers uncover genetic insights.
Our tests assess the risk of developing disease or disease progression and guide treatment decisions across medical specialties where molecular insights can significantly improve patient care, support earlier detection, enable more precise treatment and contribute to lowering healthcare costs.
Our long-term growth str ategy is buil t on leveraging our differentiated strengths, including our reputation for trusted high-quality tests and customer service, and our established, extensive commercial reach in community medicine.
Our strategy also leverages invest ments in science and innovation, technology-enabled operations, an enhanced customer experience, strong commercial execution, and scalable operations.
Our strategic intent is to accelerate profitable growth by focusing on (i) providing a comprehensive testing menu for the Cancer Care Continuum (CCC) market with a priority for high growth applications; (ii) growing our Prenatal Health and Mental Health revenues at or above market growth; and (iii) delivering sustained profitable growth through financial and operational discipline and leveraging our operating model.
Under this strategy, we plan to leverage our strong scientific foundation, deep clinical partnerships, and technology-enabled capabilities to expand adoption of our testing portfolio and integrate our precision medicine solutions more deeply into clinical workflows across the Cancer Care Continuum, Prenatal Health, and Mental Health.
Cancer remains one of the most prevalent diseases, with more than two million new cases diagnosed, and more than eighteen million survivors, in the United States in 2025.
Myriad is a pioneer in DNA based cancer diagnostic testing, and a trusted leader in hereditary cancer testing across eleven of the most commonly occurring cancer types including breast, ovarian, colorectal, prostate, lung and skin.
REMOVED
As of February 21, 2025, the registrant had 91,309,064 shares of common stock outstanding.
BUSINESS Overview and Mission We are a leading molecular diagnostic testing and precision medicine company dedicated to advancing health and well-being for all.
We develop and offer molecular tests that help assess the risk of developing disease or disease progression and guide treatment decisions across medical specialties where molecular insights can significantly improve patient care and lower health care costs.
Our molecular tests provide insights that help people take control of their health and enable healthcare providers to better detect, treat, and prevent disease.
Our focus is on innovation and growth in three key areas where we have specialized products, capabilities, and expertise: Oncology, Women's Health, and Pharmacogenomics.
Our long-term growth strategy is built on investments in science and innovation, technology-enabled operations, an enhanced customer experience, strong commercial execution, and scalable operations.
To drive continued growth, we plan to accelerate electronic medical records (EMR) integrations, expand our sales channels, including into large health systems, cross sell our portfolio of testing products to providers, enhance our testing products within medical guidelines, demonstrate our clinical differentiation and value compared to the standard of care, and optimize our revenue cycle processes.
For example, in June 2024, we launched the Universal Plus Panel to our Foresight Carrier Screen Test, which is an expanded carrier screening test.
We also continue to invest in clinical evidence development to support the growth of our existing products and launch of new products, such as FirstGene, Precise Liquid, and Precise molecular residual disease (MRD) which we expect will help us continue to grow.
We intend to continue to develop and enhance our products and services to support growth, improve patient and provider experience, and reach more patients of all backgrounds.
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