NASDAQ$NEOG
Neogen Corporation · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Neogen reported Q4 2025 revenue of $225.5 million with a net loss of $612.2 million driven by a large goodwill impairment.
Neogen Corporation announced results for the fourth quarter ended May 31, 2025, showing revenue of $225.5 million, down 4.8% year-over-year, with core revenue declining 2.9%. The company recorded a net loss of $612.2 million, or $(2.82) per share, primarily due to a $597.9 million non-cash goodwill impairment charge, while adjusted net income was $11.3 million, or $0.05 per share. Adjusted EBITDA was $40.6 million at an 18.0% margin, reflecting softer end-market conditions and integration-related costs.
- Q4 revenue totaled $225.5 million, a 4.8% decline from the prior year, with core revenue down 2.9%.
- Net loss reached $612.2 million due to a $597.9 million goodwill impairment; adjusted net income was $11.3 million ($0.05 per share).
- Food Safety segment revenue was $161.8 million and Animal Safety was $63.6 million, both down year-over-year.
- Full-year revenue was $894.7 million with adjusted EBITDA of $184.2 million; FY2026 guidance projects revenue of $820-840 million.
Headline financials
Revenue & EPS history
Neogen · Revenue · Quarterly
$225M
Revenue by segment
Neogen · $225M total across 2 segments · Q4 2025
- Food Safety$162M—71.8%
- Animal Safety$63.6M—28.2%
Forward guidance
The company initiated FY2026 outlook with revenue expected between $820 million and $840 million and adjusted EBITDA of $165 million to $175 million, reflecting continued end-market weakness and excluding the divested Cleaners & Disinfectants business.
Tailwinds
- Capital expenditures expected to decline significantly to approximately $50 million.
- Lower level of inventory write-offs anticipated.
- Favorable regulatory backdrop in the US for food safety.
Headwinds
- Continued end-market weakness expected.
- Negative impact from sample collection production inefficiencies and tariffs.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2025
-1.6%
Avg return
Earnings day
-2.7%
Avg return
5 days after
-1.6%
Avg return
30 days after
35%
23 / 65 earnings
Positive
+31.5%
Q2 2026
Best reaction
-28.7%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | — | — | — | |
| Q3 2026 | +3.9% | -7.1% | -12.5% | |
| Q2 2026 | +31.5% | +24.5% | +46.3% | |
| Q1 2026 | +16.4% | +1.5% | +10.0% | |
| Q4 2025 | -10.9% | -14.0% | +6.1% | |
| Q3 2025 | -28.7% | -23.3% | -15.2% | |
| Q2 2025 | -3.3% | -13.1% | -20.7% | |
| Q1 2025 | -2.8% | -0.8% | +9.3% | |
| Q4 2024 | -1.6% | -5.3% | -1.0% | |
| Q3 2024 | -13.1% | -13.9% | -13.6% | |
| Q2 2024 | -5.5% | -8.4% | -18.0% | |
| Q1 2024 | -11.7% | -8.8% | -11.0% | |
| Q4 2023 | +2.3% | +0.0% | +0.8% | |
| Q3 2023 | +0.2% | -3.6% | -6.9% | |
| Q2 2023 | +5.1% | +11.2% | +30.3% | |
| Q1 2023 | -1.0% | -4.1% | -12.2% | |
| Q4 2022 | +8.0% | +7.5% | -2.8% | |
| Q3 2022 | -7.4% | -5.3% | -15.3% | |
| Q2 2022 | +1.4% | +0.2% | -19.2% | |
| Q1 2022 | +3.0% | +6.1% | +2.9% | |
| Q4 2021 | +0.2% | -1.9% | -3.6% | |
| Q3 2021 | +3.0% | +5.6% | +14.9% | |
| Q2 2021 | +1.2% | +0.5% | +3.8% | |
| Q1 2021 | +0.2% | +1.1% | -4.3% | |
| Q4 2020 | -4.0% | -4.0% | -2.9% | |
| Q3 2020 | -5.3% | -1.2% | +8.1% | |
| Q2 2020 | -5.4% | -5.7% | +1.2% | |
| Q1 2020 | -10.6% | -13.0% | -13.1% | |
| Q4 2019 | +9.0% | +10.6% | +13.2% | |
| Q3 2019 | -8.3% | -5.2% | -4.4% | |
| Q2 2019 | -8.1% | -10.7% | +2.4% | |
| Q1 2019 | -17.8% | -19.3% | -30.4% | |
| Q4 2018 | +1.5% | +1.7% | +3.9% | |
| Q3 2018 | -4.2% | +1.0% | +7.6% | |
| Q2 2018 | -0.8% | -0.7% | -1.8% | |
| Q1 2018 | -4.4% | -1.5% | +6.4% | |
| Q4 2017 | -2.2% | -1.8% | -4.5% | |
| Q3 2017 | -5.9% | -6.7% | -9.8% | |
| Q2 2017 | +3.8% | +5.6% | +0.5% | |
| Q1 2017 | -4.7% | -2.8% | -10.1% | |
| Q4 2016 | -1.6% | -1.8% | -0.4% | |
| Q3 2016 | -14.6% | — | — | |
| Q2 2016 | -2.0% | — | — | |
| Q1 2016 | -12.1% | — | — | |
| Q4 2015 | +25.2% | — | — | |
| Q3 2015 | -3.4% | — | — | |
| Q2 2015 | +1.2% | — | — | |
| Q1 2015 | -1.7% | — | — | |
| Q4 2014 | +11.3% | — | — | |
| Q3 2014 | -0.1% | — | — | |
| Q2 2014 | -5.6% | — | — | |
| Q1 2014 | -0.3% | — | — | |
| Q4 2013 | -4.9% | — | — | |
| Q3 2013 | +0.5% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | +7.5% | — | — | |
| Q4 2010 | -2.9% | — | — | |
| Q4 2012 | -2.9% | — | — | |
| Q3 2012 | -0.3% | — | — | |
| Q3 2011 | -0.3% | — | — | |
| Q2 2011 | +2.5% | — | — | |
| Q2 2012 | +2.5% | — | — | |
| Q4 2011 | -7.3% | — | — | |
| Q1 2011 | -7.3% | — | — | |
| Q1 2012 | -7.3% | — | — | |
| Q3 2010 | -0.5% | — | — |
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