GRAIL Income 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 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 2, 2022	Dec '20 Dec 31, 2020
Revenue	141.83	125.6	93.11	55.55	14.61	-
Revenue Growth (YoY)	20.53%	34.90%	67.61%	280.17%	-	-
Cost of Revenue	209.23	203.62	188.72	172	56.17	-
Gross Profit	-67.41	-78.02	-95.61	-116.45	-41.55	-
Selling, General & Admin	250.77	336.43	345.24	296.44	234.06	123.51
Research & Development	188.08	313.3	338.75	329.58	282.51	192.79
Operating Expenses	438.85	649.73	683.99	626.01	516.57	316.3
Operating Income	-506.25	-727.75	-779.6	-742.46	-558.12	-316.3
Interest Expense	-	-	-	-	-	0.64
Interest & Investment Income	30.06	26.73	7.95	1.74	0.33	5.5
Currency Exchange Gain (Loss)	-0.42	-	-0.21	-	-0.24	-
Other Non Operating Income (Expenses)	0.06	0.06	-	-0.24	-	-1.37
EBT Excluding Unusual Items	-476.54	-700.95	-771.85	-740.96	-558.03	-311.52
Merger & Restructuring Charges	-40.44	-40.47	-17.32	-	-707.22	-
Impairment of Goodwill	504	-888.94	-608.47	-4,700	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.48
Asset Writedown	-532	-532	-110	-	-	-0.12
Pretax Income	-544.98	-2,162	-1,508	-5,441	-1,265	-312.12
Income Tax Expense	-138.74	-135.36	-41.95	-42.29	-17.48	0.03
Net Income	-406.24	-2,027	-1,466	-5,399	-1,248	-312.16
Net Income to Common	-406.24	-2,027	-1,466	-5,399	-1,248	-312.16
Shares Outstanding (Basic)	35	32	31	31	-	124
Shares Outstanding (Diluted)	35	32	31	31	-	124
Shares Change (YoY)	11.87%	2.74%	-	-	-	9.39%
EPS (Basic)	-11.62	-63.54	-47.21	-173.89	-	-2.52
EPS (Diluted)	-11.62	-63.54	-47.21	-173.89	-	-2.52
Free Cash Flow	-329.83	-582.36	-608.69	-584.17	-758.06	-243.91
Free Cash Flow Per Share	-9.43	-18.25	-19.60	-18.81	-	-1.97
Gross Margin	-47.53%	-62.12%	-102.69%	-209.63%	-284.38%	-
Operating Margin	-356.95%	-579.44%	-837.33%	-1336.56%	-3819.61%	-
Profit Margin	-286.43%	-1613.92%	-1574.23%	-9719.35%	-8539.39%	-
Free Cash Flow Margin	-232.56%	-463.68%	-653.76%	-1051.62%	-5187.90%	-
EBITDA	-349.38	-569.7	-620.9	-587.7	-499.67	-308.73
D&A For EBITDA	156.88	158.06	158.7	154.76	58.45	7.56
EBIT	-506.25	-727.75	-779.6	-742.46	-558.12	-316.3
Revenue as Reported	141.83	125.6	93.11	55.55	14.61	-
Advertising Expenses	-	17.7	21.9	24.5	7.6	-

Updated Nov 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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