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bioAffinity Technologies, Inc. Q2 FY26 Results

BIAFQ2 FY26 Results
Filing
MetricValue ($ M)Q1 FY26Q2 FY25
Revenue1.5111.8%18.9%
Total Income1.5111.8%18.9%
Expenditure4.852.4%28.0%
PBT-3.377.2%16.4%
Net Profit-3.377.2%17.0%
OPM—
NPM—
EPS-0.6421.0%276.5%
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bioAffinity Technologies Reports Q2 2026 Results and Strong Commercial Momentum for CyPath® Lung

07 Aug 2026 · 7 Aug, 6:02 pm

Summary

bioAffinity Technologies reported strong commercial momentum for its CyPath® Lung test in the second quarter of 2026, with test volume surging 216% year-over-year. Revenue for the quarter increased 19% to $1.5 million, driven by higher CyPath Lung sales. The company also reported a reduced net loss of $3.4 million compared to $4.1 million in the prior year period. Management highlighted accelerating physician adoption and progress across their strategic roadmap, including pipeline expansion for diagnostics and therapeutics.

Key Highlights

  1. 1

    CyPath® Lung diagnostic test volume increased 216% year over year in the second quarter of 2026.

  2. 2

    CyPath Lung testing revenue for the first six months of 2026 increased 159% to approximately $835,000 compared to the same period in 2025.

  3. 3

    The number of physician offices and clinics ordering CyPath Lung increased by 122% during the second quarter of 2026 compared to the same period in 2025.

  4. 4

    Revenue for the quarter ended June 30, 2026, was $1.5 million, a 19% increase from the $1.3 million reported for the same period in 2025.

  5. 5

    Net loss for the quarter ended June 30, 2026, was $3.4 million, an improvement from a net loss of $4.1 million for the second quarter of 2025.

  6. 6

    The Company completed a public offering in June 2026 that generated approximately $3.2 million in gross proceeds.

Management Comments

M

Maria Zannes

Our commercial strategy continues to gain significant traction as physicians increasingly recognize the clinical value of CyPath Lung for evaluating patients at high risk for lung cancer and surveilling lung cancer survivors for recurrence. During the second quarter, CyPath Lung test volume surged 216% year-over-year. This growth reflects accelerating physician adoption and clinical confidence in our technology. As more clinics integrate CyPath Lung into their standard of care workflows, peer-to-peer education is a powerful driving force behind building broader awareness of the test’s ability to provide objective data that complements traditional imaging and supports faster, more informed clinical decisions. Alongside our commercial momentum, we achieved critical milestones across our strategic roadmap. In the second quarter, we expanded physician education initiatives, including scientific presentations, webinars, podcasts and real-world clinical case studies. We continued to make progress in our large-scale longitudinal study that includes VA and military medical centers, expanding our outreach to veterans. By leveraging our expertise in flow cytometry and AI and our work with siRNAs, we are building a robust pipeline of precision diagnostics for the large asthma and COPD markets and even larger therapeutic markets for topically delivered drugs that treat squamous and basal cell skin cancers. Looking ahead, our priorities for the second half of 2026 are expanding physician adoption, increasing utilization among existing customers, and introducing CyPath Lung to new healthcare systems and specialty practices, including oncology. The positive results we see from research and development of precision diagnostics and a therapeutic for skin cancers are exciting as we advance our pipeline. We believe this balanced approach positions bioAffinity to create lasting value for patients, healthcare providers and shareholders.

Informational and educational content only. Not investment advice.