GeneDx Holdings Corp.

Background

Company Name	GeneDx Holdings Corp.
Stock Symbol	WGS

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Additional Comments

Background

On May 4, 2026, after market hours, GeneDx released its first quarter 2026 financial results, revealing earnings per share of -$0.28, and a $57.5 million loss from operations. The Company also lowered its 2026 revenue guidance by approximately $65 million at the midpoint.

GeneDx revealed it had “lower-than-expected blended average reimbursement rate for exome and genome” and “softer-than-expected performance from [its] noncore business lines” including Fabric Genomics.

The Company also took a $31.3 million write-down related to the goodwill and intangible assets of its Fabric Genomics reporting unit, “primarily due to a downward revision of forecasted cash flows driven by changes in commercial strategy and go-to-market execution, and lower revenue and profitability expectations.”

On this news, GeneDx’s stock price fell $33.42, or 49.2%, to close at $34.51 per share on May 5, 2026, thereby injuring investors.

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