23andMe Reports Second Quarter Fiscal Year 2025 Financial Results
23andMe reported Q2 FY25 financial results with total revenue of $44 million, down 12% from $50 million in the prior year. The company improved its GAAP Net Loss by 21% to $59 million and Adjusted EBITDA loss by 26% to $33 million. Operating expenses decreased 17% to $84 million. Membership services revenue grew to represent 21% of total revenue, up from 9% last year. The company ended the quarter with $127 million in cash and no debt, down from $216 million in March 2024. 23andMe launched new services including a GLP-1 weight loss telehealth membership and an AI chatbot called DaNA.
23andMe ha riportato i risultati finanziari del secondo trimestre dell'anno fiscale 2025 con ricavi totali di 44 milioni di dollari, in diminuzione del 12% rispetto ai 50 milioni dell'anno precedente. L'azienda ha migliorato il suo perdite nette GAAP del 21% portandole a 59 milioni e la perdita dell'EBITDA aggiustato del 26% portandola a 33 milioni. Le spese operative sono diminuite del 17% a 84 milioni. I ricavi dai servizi di abbonamento sono cresciuti per rappresentare il 21% dei ricavi totali, rispetto al 9% dell'anno scorso. L'azienda ha concluso il trimestre con 127 milioni di dollari in contante e senza debiti, in calo rispetto ai 216 milioni di marzo 2024. 23andMe ha lanciato nuovi servizi tra cui un abbonamento telehealth per la perdita di peso GLP-1 e un chatbot AI chiamato DaNA.
23andMe informó los resultados financieros del segundo trimestre del año fiscal 2025 con ingresos totales de 44 millones de dólares, una caída del 12% respecto a 50 millones del año anterior. La compañía mejoró su pérdida neta GAAP en un 21% hasta 59 millones y su pérdida de EBITDA ajustado en un 26% hasta 33 millones. Los gastos operativos disminuyeron un 17% a 84 millones. Los ingresos por servicios de membresía crecieron y representaron el 21% de los ingresos totales, frente al 9% del año pasado. La empresa terminó el trimestre con 127 millones de dólares en efectivo y sin deudas, en comparación con 216 millones en marzo de 2024. 23andMe lanzó nuevos servicios que incluyen una membresía telehealth para la pérdida de peso GLP-1 y un chatbot de IA llamado DaNA.
23andMe는 2025 회계연도 2분기 재무 실적을 발표하며 총 수익 4,400만 달러를 기록했으며, 이는 지난해 5,000만 달러에서 12% 감소한 수치입니다. 회사는 GAAP 순손실을 21% 개선하여 5,900만 달러에 달했고, 조정 EBITDA 손실을 26% 줄여 3,300만 달러로 조정했습니다. 운영 비용은 17% 감소하여 8,400만 달러에 달했습니다. 회원 서비스 수익은 총 수익의 21%를 차지하며 지난해의 9%에서 증가했습니다. 회사는 분기를 마감하며 1억 2,700만 달러의 현금을 보유하고 있으며 부채가 없으며, 2024년 3월에는 2억 1,600만 달러였습니다. 23andMe는 GLP-1 체중 감소 원격 진료 멤버십과 AI 챗봇인 DaNA를 포함한 새로운 서비스들을 출시했습니다.
23andMe a annoncé les résultats financiers du deuxième trimestre de l'exercice 2025 avec des revenus totaux de 44 millions de dollars, en baisse de 12 % par rapport à 50 millions de l'année précédente. L'entreprise a amélioré sa perte nette GAAP de 21 % à 59 millions et la perte d'EBITDA ajusté de 26 % à 33 millions. Les dépenses opérationnelles ont diminué de 17 % pour atteindre 84 millions. Les revenus des services d'adhésion ont augmenté pour représenter 21 % des revenus totaux, contre 9 % l'année dernière. La société a terminé le trimestre avec 127 millions de dollars en espèces et aucune dette, contre 216 millions de dollars en mars 2024. 23andMe a lancé de nouveaux services, dont un abonnement de télésanté pour la perte de poids GLP-1 et un chatbot IA nommé DaNA.
23andMe hat die finanziellen Ergebnisse für das zweite Quartal des Geschäftsjahres 2025 bekannt gegeben, mit Gesamteinnahmen von 44 Millionen Dollar, ein Rückgang von 12 % gegenüber 50 Millionen im Vorjahr. Das Unternehmen hat seinen GAAP-Nettoverlust um 21% auf 59 Millionen Dollar verbessert und den verlorenen bereinigten EBITDA um 26% auf 33 Millionen Dollar reduziert. Die Betriebskosten sanken um 17 % auf 84 Millionen Dollar. Die Einnahmen aus Mitgliederservices stiegen und machten 21 % der Gesamteinnahmen aus, gegenüber 9 % im letzten Jahr. Das Unternehmen schloss das Quartal mit 127 Millionen Dollar in bar und ohne Schulden ab, was einen Rückgang von 216 Millionen Dollar im März 2024 bedeutet. 23andMe hat neue Dienstleistungen eingeführt, darunter eine GLP-1-Programmierleistung zur Gewichtsreduktion und einen KI-Chatbot namens DaNA.
- GAAP Net Loss improved by 21% year-over-year
- Adjusted EBITDA loss improved by 26%
- Operating expenses reduced by 17%
- Membership services revenue more than doubled, now representing 21% of total revenue
- No debt on balance sheet
- Total revenue declined 12% year-over-year to $44 million
- Cash position decreased from $216M to $127M in six months
- Lower PGS kit sales volume and telehealth orders
- Reduced research services revenue due to GSK collaboration conclusion
- Company exploring raising additional capital due to cash burn
Insights
The Q2 FY25 results reveal concerning trends with
The strategic pivot towards subscription-based revenue shows promise but hasn't yet offset declining core business segments. The launch of Total Health longevity service and GLP-1 weight loss telehealth membership represents attempts to diversify revenue streams, but the core DNA testing business continues to struggle. The company's research initiatives, including the lung cancer study and sickle cell trait research, demonstrate scientific value but haven't translated into commercial success. The need for business restructuring and additional capital raising suggests the current business model isn't sustainable without significant changes. The regained Nasdaq compliance provides temporary relief but doesn't address fundamental business challenges.
SUNNYVALE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- 23andMe Holding Co. (Nasdaq: ME), a leading human genetics and preventive health company, reported its financial results for the second quarter of fiscal year 2025 (FY25), which ended September 30, 2024.
Key Results:
- Improved GAAP Net Loss by
21% and Adjusted EBITDA by26% for the same period in the prior year (see important additional information below). - The 23andMe comprehensive Total Health longevity service is now available to all customers, combining whole exome genetic sequencing with bi-annual lab tests for 55+ key blood biomarkers, and expert clinicians trained in genetics-informed preventive care and health action plans.
- Launched a GLP-1 weight loss telehealth membership on the Lemonaid Health platform that enables members to be prescribed and receive brand name or compounded semaglutide medications. Also launched and enrolled thousands of participants in a new study to understand how genetics can impact GLP-1 efficacy, side effects, and length of treatment.
- Launched a new genetic report on Emotional Eating, utilizing 23andMe’s polygenic risk score technology, for 23andMe+ Premium subscribers.
- Launched the first AI chatbot available to 23andMe customers, “DaNA,” to highlight key health and other important results for customers, making actionable insights easier to identify.
- Presented a new study demonstrating that using 23andMe Research data not only supports previous research that shows that targets supported by human genetics are 2 to 3 times more likely to succeed, but also uncovers many novel insights and can increase the relative rate of success even further.
- Published one of the largest and most diverse genetic studies of sickle cell trait, in collaboration with the National Institutes of Health and Johns Hopkins University School of Medicine.
- Together with more than 20 lung cancer advocacy groups, launched a large-scale lung cancer study to investigate the genetics of the disease, aiming to enroll 10,000 patients; the effort has already enrolled more than 1,000 patients making it the largest study of its kind.
Recent Developments:
- Reconstituted Board of Directors with the appointments of Andre Fernandez, Jim Frankola, and Mark Jensen.
- Regained compliance with Nasdaq listing requirements following Board appointments and completion of 1-for-20 reverse stock split.
- Commenced business restructuring to streamline operations, reduce costs and position the business for the future.
“We are making significant progress to ensure the long-term success of the business as we continue on our mission,” said Anne Wojcicki, CEO and Co-Founder of 23andMe. “We have been focused on growing our subscription business by adding more value and driving greater engagement, and as a result we’ve more than doubled our membership services revenue from the prior year quarter. We will continue to prioritize driving recurring revenue through our subscription business, in addition to growing our research partnership business as we look to the future.”
Q2 Fiscal 2025 Financial Results
Total revenue for FY25 Q2 was
Operating expenses for FY25 Q2 were
GAAP Net loss for FY25 Q2 was
Adjusted EBITDA (as defined below) for FY25 Q2 was a loss of
Balance Sheet
23andMe ended September 30, 2024 with cash and cash equivalents of
As announced yesterday, the Company is restructuring the business by streamlining operations, reducing costs and positioning the Company for long-term success in the future. In addition, the Company is exploring raising additional capital and continuing to grow the research partnership business. These efforts will improve its financial condition and liquidity position to extend our cash runway.
Conference Call Webcast Information
23andMe will host a conference call at 8:00 a.m. Eastern Time today, November 12, 2024, to discuss the financial results for Q2 FY2025 and report on business progress. The webcast can be accessed at https://investors.23andme.com/news-events/events-presentations. A webcast replay will be available at the same address.
About 23andMe
23andMe is a genetics-led consumer healthcare company empowering a healthier future. For more information, please visit investors.23andme.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements regarding the future performance of 23andMe’s businesses in consumer genetics and therapeutics and the growth and potential of its proprietary research platform. All statements, other than statements of historical fact, included or incorporated in this press release, including statements regarding 23andMe’s strategy, financial position, financial projections, funding for continued operations, cash reserves, projected costs, database growth, plans, and objectives of management, are forward-looking statements. The words "believes," "anticipates," "estimates," "plans," "expects," "intends," "may," "could," "should," "potential," "likely," "projects," “predicts,” "continue," "will," “schedule,” and "would" or, in each case, their negative or other variations or comparable terminology, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are predictions based on 23andMe’s current expectations and projections about future events and various assumptions. 23andMe cannot guarantee that it will actually achieve the plans, intentions, or expectations disclosed in its forward-looking statements and you should not place undue reliance on 23andMe’s forward-looking statements. These forward-looking statements involve a number of risks, uncertainties (many of which are beyond the control of 23andMe), or other assumptions that may cause actual results or performance to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s filings with the Securities and Exchange Commission, including under Item 1A, “Risk Factors” in the Company’s most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, and as revised and updated by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The statements made herein are made as of the date of this press release and, except as may be required by law, 23andMe undertakes no obligation to update them, whether as a result of new information, developments, or otherwise.
Use of Non-GAAP Financial Measures
To supplement the 23andMe’s unaudited condensed consolidated statements of operations and unaudited condensed consolidated balance sheets, which are prepared in conformity with generally accepted accounting principles in the United States of America (GAAP), this press release also includes references to Adjusted EBITDA, a non-GAAP financial measure that is defined as net income (loss) before net interest income (expense), net other income (expense), income tax expenses (benefit), depreciation and amortization, impairment charges, stock-based compensation expense, and other items that are considered unusual or not representative of underlying trends of our business, including but not limited to: litigation settlements, gains or losses on dispositions of subsidiaries, transaction-related costs, and cyber security incident expenses, net of probable insurance recoveries, if applicable for the periods presented. 23andMe has provided a reconciliation of net loss, the most directly comparable GAAP financial measure, to Adjusted EBITDA at the end of this press release.
Adjusted EBITDA is a key measure used by 23andMe’s management and the board of directors to understand and evaluate operating performance and trends, to prepare and approve 23andMe’s annual budget and to develop short- and long-term operating plans. 23andMe provides Adjusted EBITDA because 23andMe believes it is frequently used by analysts, investors and other interested parties to evaluate companies in its industry and it facilitates comparisons on a consistent basis across reporting periods. Further, 23andMe believes it is helpful in highlighting trends in its operating results because it excludes items that are not indicative of 23andMe’s core operating performance. In particular, 23andMe believes that the exclusion of the items eliminated in calculating Adjusted EBITDA provides useful measures for period-to-period comparisons of 23andMe’s business. Accordingly, 23andMe believes that Adjusted EBITDA provides useful information in understanding and evaluating operating results in the same manner as 23andMe’s management and board of directors.
In evaluating Adjusted EBITDA, you should be aware that in the future 23andMe will incur expenses similar to the adjustments in this presentation. 23andMe’s presentation of Adjusted EBITDA should not be construed as an inference that future results will be unaffected by these expenses or any unusual or non-recurring items. Adjusted EBITDA should not be considered in isolation of, or as an alternative to, measures prepared in accordance with GAAP. Other companies, including companies in the same industry, may calculate similarly-titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of Adjusted EBITDA as a tool for comparison. There are a number of limitations related to the use of these non-GAAP financial measures rather than net loss, which is the most directly comparable financial measure calculated in accordance with GAAP. Some of the limitations of Adjusted EBITDA include (i) Adjusted EBITDA does not properly reflect capital commitments to be paid in the future, and (ii) although depreciation and amortization are non-cash charges, the underlying assets may need to be replaced and Adjusted EBITDA does not reflect these capital expenditures. When evaluating 23andMe’s performance, you should consider Adjusted EBITDA alongside other financial performance measures, including net loss and other GAAP results. Adjusted EBITDA is our best proxy for cash burn.
Contacts
Investors: investors@23andMe.com
Media: press@23andMe.com
23andMe Holding Co. Condensed Consolidated Statements of Operations and Comprehensive Loss (In thousands, except share and per share data) (Unaudited) | |||||||||||||||
Three Months Ended September 30, | Six Months Ended September 30, | ||||||||||||||
2024 | 2023 | 2024 | 2023 | ||||||||||||
Revenue: | |||||||||||||||
Service | $ | 38,514 | $ | 42,766 | $ | 73,193 | $ | 96,026 | |||||||
Product | 5,557 | 7,233 | 11,292 | 14,837 | |||||||||||
Total revenue | 44,071 | 49,999 | 84,485 | 110,863 | |||||||||||
Cost of revenue: | |||||||||||||||
Service | 18,801 | 25,227 | 36,050 | 52,172 | |||||||||||
Product | 2,863 | 3,043 | 5,514 | 6,281 | |||||||||||
Total cost of revenue | 21,664 | 28,270 | 41,564 | 58,453 | |||||||||||
Gross profit | 22,407 | 21,729 | 42,921 | 52,410 | |||||||||||
Operating expenses: | |||||||||||||||
Research and development | 41,041 | 54,588 | 85,678 | 116,917 | |||||||||||
Sales and marketing | 16,874 | 18,328 | 32,346 | 40,986 | |||||||||||
General and administrative | 23,418 | 25,290 | 55,778 | 76,030 | |||||||||||
Restructuring and other charges | 2,242 | 2,654 | 2,242 | 6,871 | |||||||||||
Total operating expenses | 83,575 | 100,860 | 176,044 | 240,804 | |||||||||||
Loss from operations | (61,168 | ) | (79,131 | ) | (133,123 | ) | (188,394 | ) | |||||||
Other income (expense): | |||||||||||||||
Interest income, net | 2,009 | 3,752 | 4,583 | 8,059 | |||||||||||
Other income (expense), net | 15 | 145 | (4 | ) | 477 | ||||||||||
Loss before income taxes | (59,144 | ) | (75,234 | ) | (128,544 | ) | (179,858 | ) | |||||||
Provision for (benefit from) income taxes | (41 | ) | 36 | (41 | ) | 36 | |||||||||
Net loss | (59,103 | ) | (75,270 | ) | (128,503 | ) | (179,894 | ) | |||||||
Other comprehensive loss, net of tax | — | 954 | — | 620 | |||||||||||
Total comprehensive loss | $ | (59,103 | ) | $ | (74,316 | ) | $ | (128,503 | ) | $ | (179,274 | ) | |||
Net loss per share of Class A and Class B common stock attributable to common stockholders (1): | |||||||||||||||
Basic and diluted (1) | $ | (2.32 | ) | $ | (3.17 | ) | $ | (5.11 | ) | $ | (7.68 | ) | |||
Weighted-average shares used to compute net loss per share (1): | |||||||||||||||
Basic and diluted (1) | 25,519,658 | 23,742,914 | 25,151,988 | 23,429,600 | |||||||||||
(1) | Amounts have been adjusted to reflect the reverse stock split that became effective on October 16, 2024. |
23andMe Holding Co. Condensed Consolidated Balance Sheets (In thousands, except share and per share amounts) (Unaudited) | |||||||
September 30, 2024 | March 31, 2024 | ||||||
ASSETS | |||||||
Current assets: | |||||||
Cash and cash equivalents | $ | 126,601 | $ | 216,488 | |||
Restricted cash | 1,499 | 1,399 | |||||
Accounts receivable, net | 446 | 3,324 | |||||
Inventories | 14,846 | 12,465 | |||||
Deferred cost of revenue | 5,742 | 4,792 | |||||
Prepaid expenses and other current assets | 39,650 | 16,841 | |||||
Total current assets | 188,784 | 255,309 | |||||
Property and equipment, net | 24,814 | 28,351 | |||||
Operating lease right-of-use assets | 45,104 | 48,894 | |||||
Restricted cash, noncurrent | 8,974 | 6,974 | |||||
Internal-use software, net | 20,479 | 20,516 | |||||
Intangible assets, net | 29,295 | 33,255 | |||||
Other assets | 1,486 | 1,868 | |||||
Total assets | $ | 318,936 | $ | 395,167 | |||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
Current liabilities: | |||||||
Accounts payable | $ | 6,486 | $ | 11,571 | |||
Accrued expenses and other current liabilities | 67,328 | 42,263 | |||||
Deferred revenue | 69,751 | 64,827 | |||||
Operating lease liabilities | 9,266 | 8,670 | |||||
Total current liabilities | 152,831 | 127,331 | |||||
Deferred revenue, noncurrent | — | 10,000 | |||||
Operating lease liabilities, noncurrent | 62,422 | 67,845 | |||||
Other liabilities | 1,754 | 1,471 | |||||
Total liabilities | 217,007 | 206,647 | |||||
Stockholders’ equity | |||||||
Common stock, par value | 3 | 2 | |||||
Additional paid-in capital (1) | 2,403,517 | 2,361,606 | |||||
Accumulated deficit | (2,301,591 | ) | (2,173,088 | ) | |||
Total stockholders’ equity | 101,929 | 188,520 | |||||
Total liabilities and stockholders’ equity | $ | 318,936 | $ | 395,167 | |||
(1) | Amounts have been adjusted to reflect the reverse stock split that became effective on October 16, 2024. |
23andMe Holding Co. Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited) | |||||||
Six Months Ended September 30, | |||||||
2024 | 2023 | ||||||
Cash flows from operating activities: | |||||||
Net loss | $ | (128,503 | ) | $ | (179,894 | ) | |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||
Depreciation and amortization | 7,948 | 13,714 | |||||
Amortization and impairment of internal-use software | 4,586 | 2,514 | |||||
Stock-based compensation expense | 41,063 | 74,840 | |||||
Gain on disposal of property and equipment | (55 | ) | (5 | ) | |||
Loss on disposition of Lemonaid Health Limited | — | 2,026 | |||||
Other operating activities | — | (504 | ) | ||||
Changes in operating assets and liabilities: | |||||||
Accounts receivable, net | 2,878 | 396 | |||||
Inventories | (2,381 | ) | (4,733 | ) | |||
Deferred cost of revenue | (950 | ) | (406 | ) | |||
Prepaid expenses and other current assets | (174 | ) | (2,433 | ) | |||
Operating lease right-of-use assets | 3,790 | 3,529 | |||||
Other assets | 381 | 664 | |||||
Accounts payable | (5,063 | ) | (3,951 | ) | |||
Accrued expenses and other current liabilities | 1,899 | (5,674 | ) | ||||
Deferred revenue | (5,076 | ) | (22,237 | ) | |||
Operating lease liabilities | (4,826 | ) | (4,255 | ) | |||
Other liabilities | 283 | (65 | ) | ||||
Net cash used in operating activities | (84,200 | ) | (126,474 | ) | |||
Cash flows from investing activities: | |||||||
Purchases of property and equipment | (566 | ) | (715 | ) | |||
Proceeds from sale of property and equipment | 159 | 5 | |||||
Capitalized internal-use software costs | (3,449 | ) | (4,758 | ) | |||
Net cash used in investing activities | (3,856 | ) | (5,468 | ) | |||
Cash flows from financing activities: | |||||||
Proceeds from exercise of stock options | 58 | 473 | |||||
Proceeds from issuance of common stock under employee stock purchase plan | 331 | 1,411 | |||||
Payments of deferred offering costs | (2 | ) | (263 | ) | |||
Payments for taxes related to net share settlement of equity awards | (118 | ) | (142 | ) | |||
Net cash provided by financing activities | 269 | 1,479 | |||||
Net decrease in cash, cash equivalents and restricted cash | (87,787 | ) | (130,463 | ) | |||
Cash, cash equivalents and restricted cash—beginning of period | 224,861 | 395,222 | |||||
Cash, cash equivalents and restricted cash—end of period | $ | 137,074 | $ | 264,759 | |||
Reconciliation of cash, cash equivalents, and restricted cash within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows above: | |||||||
Cash and cash equivalents | $ | 126,601 | $ | 256,386 | |||
Restricted cash, current | 1,499 | 1,399 | |||||
Restricted cash, noncurrent | 8,974 | 6,974 | |||||
Total cash, cash equivalents and restricted cash | $ | 137,074 | $ | 264,759 | |||
23andMe Holding Co. Total Company and Segment Information and Reconciliation of Non-GAAP Financial Measures (In thousands) (Unaudited) | |||||||||||||||
The Company's revenue and Adjusted EBITDA by segment and for the total Company is as follows: | |||||||||||||||
Three Months Ended September 30, | Six Months Ended September 30, | ||||||||||||||
2024 | 2023 | 2024 | 2023 | ||||||||||||
Segment Revenue: (1) | |||||||||||||||
Consumer and Research Services | $ | 44,071 | $ | 49,999 | $ | 84,485 | $ | 110,863 | |||||||
Total revenue | $ | 44,071 | $ | 49,999 | $ | 84,485 | $ | 110,863 | |||||||
Segment Adjusted EBITDA: | |||||||||||||||
Consumer and Research Services Adjusted EBITDA | $ | (8,633 | ) | $ | (6,673 | ) | $ | (17,474 | ) | $ | (12,275 | ) | |||
Therapeutics Adjusted EBITDA | (11,975 | ) | (26,224 | ) | (24,392 | ) | (57,363 | ) | |||||||
Unallocated Corporate (2) | (12,804 | ) | (12,156 | ) | (26,708 | ) | (25,215 | ) | |||||||
Total Adjusted EBITDA | $ | (33,412 | ) | $ | (45,053 | ) | $ | (68,574 | ) | $ | (94,853 | ) | |||
Reconciliation of net loss to Adjusted EBITDA: | |||||||||||||||
Net loss | $ | (59,103 | ) | $ | (75,270 | ) | $ | (128,503 | ) | $ | (179,894 | ) | |||
Adjustments: | |||||||||||||||
Interest income, net | (2,009 | ) | (3,752 | ) | (4,583 | ) | (8,059 | ) | |||||||
Other (income) expense, net | (15 | ) | (145 | ) | 4 | (477 | ) | ||||||||
Provision for (benefit from) income taxes | (41 | ) | 36 | (41 | ) | 36 | |||||||||
Depreciation and amortization | 4,972 | 4,474 | 8,983 | 8,951 | |||||||||||
Amortization of acquired intangible assets | 1,775 | 3,638 | 3,551 | 7,277 | |||||||||||
Impairment of acquired intangible assets | — | — | — | — | |||||||||||
Stock-based compensation expense | 19,486 | 23,741 | 41,063 | 74,840 | |||||||||||
Loss on disposition of Lemonaid Health Limited and transaction-related costs | — | 2,127 | — | 2,375 | |||||||||||
Litigation settlement cost | — | 98 | — | 98 | |||||||||||
Cyber security incident expenses, net of probable insurance recoveries | 1,523 | — | 10,952 | — | |||||||||||
Total Adjusted EBITDA | $ | (33,412 | ) | $ | (45,053 | ) | $ | (68,574 | ) | $ | (94,853 | ) | |||
(1) | There was no Therapeutics revenue for the three and six months ended September 30, 2024 and 2023. | ||
(2) | Certain department expenses such as Finance, Legal, Regulatory and Supplier Quality, Corporate Communications, Corporate Development, and CEO Office are not reported as part of the reporting segments as reviewed by the CODM. These amounts are included in Unallocated Corporate. |
FAQ
What was 23andMe's (ME) revenue in Q2 FY25?
How much cash does 23andMe (ME) have as of September 2024?
What new services did 23andMe (ME) launch in Q2 FY25?