Question · Q4 2025
Eugene Park asked for quantification of the setup costs associated with Fresenius Medical Care and Corewell Health, a breakdown of Project Nova's impact in Q4 2025, and further color on any remaining setup work and potential impacts in Q1 2026.
Answer
CFO Sam Samad explained that Q4 2025 saw a significant impact from the setup and integration expenses for both Fresenius Medical Care and Corewell Health, as these new partnerships involve substantial initial costs. He also confirmed that Project Nova incurred expenses in Q4 2025, consistent with prior statements about costs being pushed out due to a delayed Epic contract signing. For 2026, Mr. Samad quantified Project Nova's impact at approximately $0.25 in incremental expenses, which he expects to be spread fairly evenly across the quarters, possibly with a slight front-loading in the first half.
Ask follow-up questions
Fintool can predict
DGX's earnings beat/miss a week before the call