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Idexx Laboratories10-Q: Recurring revenue shift

Veterinary software recurring revenue grows 11.8% to $73.5M, driven by subscription volume

Read at SEC EDGAR

What happened

The company is seeing strong growth in its recurring revenue from software, driven by higher subscription volumes. This strategic shift towards a subscription model necessitates robust subscription management, automated billing, and customer retention platforms to sustain growth.

Source

SEC EDGARMay 5, 2026

Quarterly report (Form 10-Q)

Idexx Laboratories 10-Q

Filing excerpt

The increase in recurring revenue was primarily due to higher subscription services volume and higher realized prices.

sec.gov/Archives/edgar/data/874716/000087471626000076/idxx-20260331.htmRead the full source

Other signals in this filing (8)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Recurring revenue shift

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
03/31
Filed
May 5, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$73.5M (Veterinary software recurring revenue for the quarter)
Percent
11.8% (Reported growth in veterinary software recurring revenue)

Details

CIK
874716
Accession number
0000874716-26-000076
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Billing/subscription tools

Extraction

Confidence
High
Relevance
80%
Sentiment
Positive
Detected
May 12, 2026
signal_type
sec-10q
signal_subtype
recurringRevenueShift

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
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Show the full JSONThe record on this page and the API request

GET /v1/signals/c91294c6-da16-4ffe-a6ba-20c6ba632673 returns this record as JSON. POST /v1/companies/enrich returns every signal for idexx.com.

{
  "signal_id": "c91294c6-da16-4ffe-a6ba-20c6ba632673",
  "signal_type": "sec-10q",
  "signal_subtype": "recurringRevenueShift",
  "detected_at": "2026-05-12T09:24:55.482+00:00",
  "company": {
    "name": "Idexx Laboratories",
    "domain": "idexx.com"
  },
  "data": {
    "detail": "The company is seeing strong growth in its recurring revenue from software, driven by higher subscription volumes. This strategic shift towards a subscription model necessitates robust subscription management, automated billing, and customer retention platforms to sustain growth.",
    "metrics": {
      "pct": 11.8,
      "timeframe": "current_quarter",
      "pct_context": "Reported growth in veterinary software recurring revenue",
      "dollar_context": "Veterinary software recurring revenue for the quarter",
      "dollar_millions": 73.536
    },
    "summary": "Veterinary software recurring revenue grows 11.8% to $73.5M, driven by subscription volume",
    "excerpts": "The increase in recurring revenue was primarily due to higher subscription services volume and higher realized prices.",
    "relevance": 0.8,
    "sentiment": "positive",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/874716/000087471626000076/idxx-20260331.htm",
    "filing_date": "2026-05-05",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/31",
    "sales_relevance": "Billing/subscription tools",
    "signal_category": "revenue"
  }
}

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