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REVENUE
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
The Company primarily generates revenue by performing molecular diagnostic testing. Revenue is recorded at the estimated transaction price. Control is transferred and revenue is recognized once test results are released to the healthcare provider and/or patient.
The following table presents details regarding the composition of the Company’s total revenue by product type and by geographical region, either U.S. or rest of world (“RoW”):
Three months ended June 30,
20252024
(in millions)U.S.RoWTotalU.S.RoWTotal
Hereditary Cancer$84.6 $11.7 $96.3 $80.9 $10.6 $91.5 
Tumor Profiling28.3 3.1 31.4 26.7 5.9 32.6 
Prenatal47.5 0.1 47.6 44.2 0.2 44.4 
Pharmacogenomics37.8 — 37.8 43.0 — 43.0 
Total revenue$198.2 $14.9 $213.1 $194.8 $16.7 $211.5 
Six months ended June 30,
20252024
(in millions)U.S.RoWTotalU.S.RoWTotal
Hereditary Cancer$160.0 $22.6 $182.6 $157.2 $22.4 $179.6 
Tumor Profiling54.3 6.4 60.7 50.6 12.9 63.5 
Prenatal96.7 0.2 96.9 88.3 0.4 88.7 
Pharmacogenomics68.8 — 68.8 81.9 — 81.9 
Total revenue$379.8 $29.2 $409.0 $378.0 $35.7 $413.7 
In determining the transaction price, the Company includes an estimate of the expected amount of consideration to be received. The estimate of revenue is affected by, among other factors, assumptions for changes in payor mix, payor collections, current customer contractual requirements, experience with collections from third-party payors, and changes in medical policies. When assessing the total consideration for insurance carriers and patients, revenue is further constrained for estimated refunds. The Company reserves certain amounts in Accrued liabilities in the Condensed Consolidated Balance Sheets in anticipation of requests for refunds of payments made previously by insurance carriers, which are accounted for as reductions in revenue in the Condensed Consolidated Statements of Operations and Comprehensive Loss.
Cash collections for certain tests delivered may differ from rates estimated due to changes in the estimated transaction price for contractual adjustments, obtaining updated information from payors and patients that was unknown at the time the performance obligation was met, settlements with third-party payors, or as a result of third-party payors disputing bills or denying payment for tests that the Company has performed, among other reasons. As a result of this new information, the Company updates its estimate of the amounts to be recognized for previously delivered tests. During the three and six months ended June 30, 2025 and during the three months ended June 30, 2024, the impact of the amounts to be recognized for tests in which the performance obligation was met in a prior period was not material to the Condensed Consolidated Statements of Operations. During the six months ended June 30, 2024, the Company recognized $9.3 million in revenue for tests in which the performance obligation was met in a prior period, including $3.0 million in revenue due to a retroactive coverage change by a payor for one of its prenatal products.