Biodesix, Inc.

Biodesix, Inc.

BDSXยทNASDAQ

$16.59

+5.8%
HealthcareMedical - Diagnostics & Research

Biodesix, Inc. operates as a data-driven diagnostic solutions company in the United States. The company offers blood-based lung tests, including Nodify XL2 and Nodify CDT tests, together marketed as part of Nodify Lung Nodule Risk Assessment testing strategy, to assess the risk of lung cancer and help in identifying the appropriate treatment pathway and help physicians in reclassifying risk of malignancy in patients with suspicious lung nodules. It also offers GeneStrat ddPCR and VeriStrat tests, which are used in the diagnosis of lung cancer to measure the presence of mutations in the tumor and the state of the patient's immune system to establish the patient's prognosis and help guide treatment decisions; and GeneStrat NGS (NGS) test, a 72-hour blood-based NGS test. In addition, the company, through its partnership with Bio-Rad Laboratories, Inc., provides Bio-Rad SARS-CoV-2 ddPCR, a COVID-19 Test under Biodesix WorkSafe testing program; and Platelia SARS-CoV-2 Total Ab test, an antibody test for detecting a B-cell immune response to SARS-CoV-2 that indicate recent or prior infection. Further, it offers diagnostic and clinical research, as well as clinical trial testing services to biopharmaceutical companies; and discovers, develops, and commercializes companion diagnostics. The company was formerly known as Elston Technologies, Inc. Biodesix, Inc. was incorporated in 2005 and is headquartered in Boulder, Colorado.

At a Glance

Live Snapshot
Market Cap$135.03M
EPS-4.6700
P/E Ratio-3.55
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -3.5).

Valuation inputs: P/E -3.5, earnings yield N/A, momentum +5.8%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +14.3%, ROIC -39.0%).

Profitability stack: net margin -39.9%, ROE +14.3%, ROIC -39.0%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +102.8%, momentum +5.8%, net margin -39.9%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Biodesix, Inc. Market vs Earnings Trajectory

BDSX ยท NASDAQ

Loading price and EPS data...

Biodesix, Inc.

Biodesix, Inc. Fair Value Envelope

BDSX ยท NASDAQ

Our analysis suggests that BDSX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $16.5882, this represents a potential HIDDEN relative to our calculated worth for Biodesix, Inc..

Intrinsic Value
Current Price: $16.5882
3Y-85.0%
5Y-28.0%
10Y-76.0%
3Y+132.0%
5Y+94.0%
10Y+333.0%
3Y-46.0%
5Y+12.0%
10Y+35.0%
3Y-48.0%
5Y+9.0%
10Y+32.0%
3Y-51.0%
5Y-
10Y+29.0%
3Y-6.0%
5Y-28.0%
10Y+124.0%
Biodesix, Inc.

Biodesix, Inc. Profit Bridge

BDSX ยท NASDAQ
Revenue88.50M
Cost of Goods Sold (21.91M)
Gross Profit66.59M
Operating Expenses (94.36M)
Operating Income-27.87M
Interest Expense (7.72M)
Other Income/Expense-7.39M
Pretax Income-35.27M
Income Tax (0.00)
Net Income-35.27M
Net Income
-35.27M

Profitability Analysis

Gross Margin

75.2%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-31.5%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-39.8%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

75.25%
Gross Profit Margin
-4%
3Y+20.0%
5Y+46.0%
10Y-4.0%
-31.50%
Operating Profit Margin
-35%
3Y-76.0%
5Y-37.0%
10Y-73.0%
-39.85%
Net Profit Margin
-34%
3Y-77.0%
5Y-42.0%
10Y-69.0%
1430.63%
Return on Equity
-796%
3Y-550.0%
5Y-1979.0%
10Y+10727.0%
-40.31%
Return on Assets
-9%
3Y-43.0%
5Y+56.0%
10Y-40.0%
-39.03%
Return on Invested Capital
-5%
3Y-45.0%
5Y+72.0%
10Y-43.0%
BDSX

Biodesix, Inc. Cash Conversion Engine

BDSX ยท NASDAQ
Net Income-35.27M
Depreciation & Amortization5.67M
Stock-Based Compensation4.14M
Change in Working Capital334.00K
Others1.85M
Capital Expenditures-259.00K
Free Cash Flow-23.53M

Cash Flow Quality Analysis

FCF Conversion Rate

66.7%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

-1.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+54.6%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$334.00K

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

bdsx

Biodesix, Inc. Funding & Solvency Profile

BDSX ยท NASDAQ
Cash & Cash Equivalents25.57M
Net Receivables9.50M
Inventory0.00
Other Current Assets5.84M
Total Current Assets41 M
Property, Plant & Equipment27.38M
Goodwill & Intangible Assets18.48M
Long-Term Investments0.00
Other Non-Current Assets7.86M
Total Non-Current Assets35 M
Total Assets
94.64M

Financial Health Analysis

Current Ratio

2.82x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

9.36x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

26 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

43% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

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Biodesix, Inc. Street Expectations Map

BDSX ยท NASDAQ

Wall Street analysts project that BDSX stock may decline over the coming 12 months. The consensus 1-year price target stands at 8.67, with estimates ranging from a low of 3.00 to a high of 20.00.

Lowest Target
3.00
-81.91%
Consensus Target
8.67
-47.73%
Highest Target
20.00
20.57%

The consensus 1-year price target stands at 8.67, with estimates ranging from a low of 3.00 to a high of 20.00.

Analyst Consensus Analysis

Upside Potential

-47.7%

Significant downside risk. Stock trading well above analyst consensus suggests elevated valuation concerns and potential correction.

Analyst Agreement

196.1% spread

High uncertainty. Very wide target spread indicates significant disagreement among analystsโ€”major valuation uncertainty or transformation underway.

Risk-Reward Profile

0.25x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuationโ€”proceed with caution and independent analysis.

Market Sentiment Insight

Extreme uncertainty: Massive dispersion in price targets reflects fundamental disagreement on business trajectory. This could signal transformation, disruption, or complex valuationโ€”requires deep sector expertise and contrarian mindset.

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Biodesix, Inc. Insider Positioning

BDSX ยท NASDAQ

During the last 12 months, insiders have purchased $4.70M and sold $121K worth of BDSX shares, resulting in $4.57M of net buying activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

182.5K

2.08M

Sold

11.0K

116.09K

Net Activity

+2.0M

+$1.97M

6-9 Months

Bought

160.4K

1.11M

Sold

300

2.29K

Net Activity

+1.1M

+$1.11M

9-12 Months

Bought

3.5M

1.50M

Sold

5.9K

2.46K

Net Activity

+1.5M

+$1.50M

Top Buyers

1
SJW

Schuler Jack W

10 Percent Owner, Other: Emeritus Director

3.8M sharesโ€ข7 transactions

$4.70M

Top Sellers

1
HS

Hutton Scott

Director, Officer: President & Ceo

10.0K sharesโ€ข5 transactions

$66K

2
CRH

Cowie Robin Harper

Officer: Cfo, Sec'Y & Treasurer

2.8K sharesโ€ข5 transactions

$20K

3
OK

O'Kane Kieran

Officer: Chief Commercial Officer

1.9K sharesโ€ข5 transactions

$16K

4
PGA

Pestano Gary Anthony

Officer: Chief Development Officer

1.9K sharesโ€ข5 transactions

$15K

5
VC

Vazquez Chris

Officer: Chief Accounting Officer

636 sharesโ€ข5 transactions

$5K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $4.57M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

38.86:1

Exceptional buy/sell ratio. Buying dramatically outweighs sellingโ€”one of the strongest possible insider signals.

Insider Participation

High Selling

5 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

No Dividend Yield Data

BDSX has not reported any dividend yield values in the available annual periods.

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bdsx Dividend History

BDSX
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%