SEC filings · customer concentration · BDSX

Biodesix's major customers

Medicare accounted for 32% of Biodesix's revenue in FY 2025, down from 39% a year earlier.

1major customers now
32%of revenue from them
0listed suppliers depending on it
2019–2026years covered
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Major customers of Biodesix

Customers that Biodesix named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Medicare32%▼ from 39%FY 2019: 36%FY 2020: 17%FY 2021: 18%FY 2022: 37%FY 2023: 43%FY 2024: 39%FY 2025: 32%7 yearsFY 2025 · filed 26 Feb 2026

Formerly disclosed

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Big Ten Conference40%last FY 2021FY 2020: 30%FY 2021: 40%2 yearsFY 2021 · filed 6 Mar 2023
Covance Central Laboratory Services21%last FY 2019FY 2019: 21%1 yearFY 2019 · filed 16 Mar 2021
State Of Colorado10%last FY 2023FY 2022: 10%FY 2023: 10%2 yearsFY 2023 · filed 1 Mar 2024
UnitedHealthcare7%last FY 2024FY 2023: 10%FY 2024: 7%2 yearsFY 2024 · filed 3 Mar 2025
Centura Healthcare5%last FY 2021FY 2020: 17%FY 2021: 5%2 yearsFY 2021 · filed 14 Mar 2022

About this data

US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.

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