GRAIL Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2023
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023
Net Income	-442.95	-2,027	-1,466	-5,399
Depreciation & Amortization	157.13	158.06	158.7	154.76
Stock-Based Compensation	61.41	32.28	20.33	34.72
Other Adjustments	-154.36	1,284	683.14	4,663
Change in Receivables	-3.32	-3.37	-1.38	-8.68
Changes in Inventories	5.98	3.07	-1.94	-14.08
Changes in Accounts Payable	-9.92	-14.64	2.89	2.34
Changes in Accrued Expenses	-7.11	-12.92	2.35	11.56
Changes in Other Operating Activities	9.66	3.57	5.8	-5.6
Operating Cash Flow	-370.05	-577.16	-595.8	-561.31
Capital Expenditures	-1.71	-5.21	-12.89	-22.86
Purchases of Investments	-	-545.8	-	-
Investing Cash Flow	-462.1	-551.01	-12.89	-22.86
Other Financing Activities	-	1,244	463.77	604.82
Financing Cash Flow	-	1,244	463.77	604.82
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.16	-0.06	0.31	-0.51
Net Cash Flow	-831.99	116.07	-144.62	20.13
Beginning Cash & Cash Equivalents	962.76	101.51	246.13	225.99
Ending Cash & Cash Equivalents	130.78	217.58	101.51	246.13
Free Cash Flow	-371.75	-582.36	-608.69	-584.17
FCF Margin	-276.35%	-463.68%	-653.76%	-1051.61%
Free Cash Flow Per Share	-10.97	-18.26	-19.60	-18.81
Levered Free Cash Flow	-288.92	-1,895	-1,311	-5,273
Unlevered Free Cash Flow	-306.26	-1,920	-1,318	-5,274

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.