GRAIL Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 2, 2022
Revenue	147.17	125.6	93.11	55.55	14.61
Revenue Growth (YoY)	17.18%	34.90%	67.61%	280.17%	-
Cost of Revenue	75.86	203.62	188.72	172	56.17
Gross Profit	71.32	-78.02	-95.61	-116.45	-41.55
Selling, General & Admin	275.8	336.43	345.24	296.44	234.06
Research & Development	195.79	313.3	338.75	329.58	282.51
Amortization of Goodwill & Intangibles	133.89	-	-	-	-
Operating Expenses	605.48	649.73	683.99	626.01	516.57
Operating Income	-534.16	-727.75	-779.6	-742.46	-558.12
Interest & Investment Income	28.65	26.73	7.95	1.74	0.33
Currency Exchange Gain (Loss)	-	-	-0.21	-	-0.24
Other Non Operating Income (Expenses)	-0.99	0.06	-	-0.24	-
EBT Excluding Unusual Items	-506.5	-700.95	-771.85	-740.96	-558.03
Merger & Restructuring Charges	-	-40.47	-17.32	-	-707.22
Impairment of Goodwill	-28	-888.94	-608.47	-4,700	-
Asset Writedown	-	-532	-110	-	-
Pretax Income	-534.5	-2,162	-1,508	-5,441	-1,265
Income Tax Expense	-126.15	-135.36	-41.95	-42.29	-17.48
Net Income	-408.35	-2,027	-1,466	-5,399	-1,248
Net Income to Common	-408.35	-2,027	-1,466	-5,399	-1,248
Shares Outstanding (Basic)	37	32	31	31	-
Shares Outstanding (Diluted)	37	32	31	31	-
Shares Change (YoY)	15.21%	2.74%	-	-	-
EPS (Basic)	-11.11	-63.54	-47.21	-173.89	-
EPS (Diluted)	-11.11	-63.54	-47.21	-173.89	-
Free Cash Flow	-299.01	-582.36	-608.69	-584.17	-758.06
Free Cash Flow Per Share	-8.13	-18.25	-19.60	-18.81	-
Gross Margin	48.46%	-62.12%	-102.69%	-209.63%	-284.38%
Operating Margin	-362.95%	-579.44%	-837.33%	-1336.56%	-3819.61%
Profit Margin	-277.46%	-1613.92%	-1574.23%	-9719.35%	-8539.39%
Free Cash Flow Margin	-203.17%	-463.68%	-653.76%	-1051.62%	-5187.90%
EBITDA	-377.82	-569.7	-620.9	-587.7	-499.67
EBITDA Margin	-256.72%	-	-	-	-
D&A For EBITDA	156.34	158.06	158.7	154.76	58.45
EBIT	-534.16	-727.75	-779.6	-742.46	-558.12
Revenue as Reported	147.17	125.6	93.11	55.55	14.61
Advertising Expenses	-	17.7	21.9	24.5	7.6

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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