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TickerMYGN
SectorMedical - Diagnostics & Research
Mkt cap$405M
EV / EBITDAN/A
PostureHigh Velocity
Composite70/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 899923

Myriad Genetics, Inc.

MYGNHIGH VELOCITYFILING INTENSITY

Myriad Genetics, Inc. reads as an High Velocity (composite 70/100); Consistent Strategic Buyer deploying $69M across 2 disclosed transactions, running flat vs the prior cycle · primary market Life Sciences.

Lens

Disclosed M&A capital (2023–2025)

$69M

+20%

vs $57M in 2020–2022

Disclosed transactions

2

+100%

2/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$829M
EBITDAN/A
Enterprise value$492M
EV / Revenue0.6×
EV / EBITDAN/A
P/EN/A
Cash$124M
Total debt$120M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

35/100

Companies actively deploying disclosed capital into M&A

  • $1.4B disclosed buyer spend

Buyer Cadence

22/100

Buyer-side companies with recent filing activity

  • Filed within 34d
  • 260 8-Ks

Target Probability

12/100

Issuers showing target-side patterns from filings

  • 2 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 2 activism filings

Pressure Watch

14/100

Issuers facing activism, governance, or control pressure

  • 2 activism filings
  • Latest activism 29y ago; heavily discounted

Distress Watch

9/100

Issuers showing financial-distress filing patterns

  • 2 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 260 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $492M
  • 10-Q 34d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $409M · Peak count: 2

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
20241N/AN/AN/A
20231$69M$69MN/A
20221$57M$57MN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Technology Acquisition
    25%
  • Geographic Expansion
    25%
  • Bolt On
    25%
  • Talent Acquisition
    25%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • technology_acquisition
  • geographic_expansion
  • bolt_on
  • talent_acquisition
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

In May 2016, we completed the acquisition of Sividon Diagnostics GmbH (“Sividon”), a leading breast cancer prognostic company, for $39.0 million upfront with the potential for €15.0 million ($16.7 million converted at the June 30, 2016 period end exchange rate) in additional performance-based milestones.

10-KFY2016

we intend to continue to pursue growth through the acquisition of technology, assets or other businesses that may enable us to enhance our technologies and capabilities, expand our geographic market, add experienced management personnel and increase our test offerings.

10-KFY2016

The Clinic will allow us to directly negotiate reimbursement with government and private insurance providers for our tests in the German market and collaborate with hospitals and physician groups.

10-KFY2015

In February 2014, we completed the acquisition of privately-held Crescendo Bioscience, Inc. (“Crescendo”) for $270 million in cash

10-KFY2014

We believe the acquisition of the Clinic should facilitate our penetration into the German molecular diagnostic market.

10-KFY2015
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Life Sciences

Market spend (2023–2025)
$68.3B
Market spend (2020–2022)
$107.5B
Recent vs prior
−36%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

N/AEV / EBITDA

MYGN trades at a -17.3-turn discount to the Life Sciences peer median of 16.1×.

EV / Revenue
0.6×
Net debt / EBITDA
N/A
Peer median EV / EBITDA
16.1×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
19.1×4.7×-0.0×$45.2B$10.8B
18.8×4.3×-0.3×$20.6B$8B
13.3×3.5×-0.1×$35.5B$2.2B
13.1×1.9×-0.2×$14.1B$2.1B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Life Sciences. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)312026-02-24
  • 10-Q (quarterly)902026-05-06
  • 8-K (event)2602026-05-05
  • Proxy / DEF 14A542026-04-14
  • Activism (13D / DFAN / PREC)21997-09-18

Signals on file

  • elevated

    Activism on file

    1997-09-18

    2 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Myriad Genetics, Inc.: Issuer Brief | SE-Cluster