The financials
Neogen Corporation by the numbers
Neogen Corporation (NEOG) reported revenue of $211M in Q3 2026 (quarter ended February 28, 2026), down 4.4% from the same quarter a year earlier. That came with a gross margin of 47% and net loss of $17M. For the full year FY2025, revenue was $895M (−3.2% year on year) and net income −$1.09B. Its largest product in 2026-Q1 was Indicator Testing And Culture Media at $83M, 41% of the disclosed total, just ahead of Bacterial And General Sanitation at 21%.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $211M | $221M | −4.4% |
| Gross profit | $99M | $110M | −10% |
| Operating income | −$3.3M | $5.4M | to a loss |
| Net income | −$17M | −$11M | n/a |
| Diluted EPS | −$0.08 | −$0.05 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Indicator Testing And Culture Media | $83M | 41% |
| Bacterial And General Sanitation | $42M | 21% |
| Service | $25M | 12% |
| Natural Toxins And Allergens | $18M | 8.7% |
| Veterinary Instruments And Disposables | $16M | 7.6% |
| Genomics Services | $6.2M | 3.0% |
| Animal Care And Other | $5.9M | 2.9% |
| Biosecurity Products | $3.9M | 1.9% |
| Other | $3.6M | 1.8% |
| Life Sciences | $1.5M | 0.7% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $204.6M (-4.9%)
Other grew +20% year on yearBiosecurity Products -67% year on year
Segment Latestquarter on quarteryear on year
- Indicator Testing And Culture Media$83.0M$83.0MQoQ -3.6%year on year +11%-3.6%+11%
- Bacterial And General Sanitation$42.1M$42.1MQoQ -6.3%year on year +5.5%-6.3%+5.5%
- Service$25.0M$25.0MQoQ -2.7%year on year +2.0%-2.7%+2.0%
- Natural Toxins And Allergens$17.9M$17.9MQoQ -12%year on year +1.7%-12%+1.7%
- Veterinary Instruments And Disposables$15.5M$15.5MQoQ +13%year on year 0.00%+13%0.00%
- Genomics Services$6.2M$6.2MQoQ -0.96%year on year +8.8%-0.96%+8.8%
- Animal Care And Other$5.9M$5.9MQoQ -year on year -43%--43%
- Biosecurity Products$3.9M$3.9MQoQ -15%year on year -67%-15%-67%
- Other$3.6M$3.6MQoQ +11%year on year +20%+11%+20%
- Life Sciences$1.5M$1.5MQoQ +3.6%year on year 0.00%+3.6%0.00%
- Animal Care--QoQ -year on year ---
- Indicator Testing Culture Media And Other--QoQ -year on year ---