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	2018 - 2019
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	2018 - 2019
Revenue	141.83	125.6	93.11	55.55	14.61	-	Upgrade
Revenue Growth (YoY)	20.53%	34.90%	67.61%	280.17%	-	-	Upgrade
Cost of Revenue	209.23	203.62	188.72	172	56.17	-	Upgrade
Gross Profit	-67.41	-78.02	-95.61	-116.45	-41.55	-	Upgrade
Selling, General & Admin	250.77	336.43	345.24	296.44	234.06	123.51	Upgrade
Research & Development	188.08	313.3	338.75	329.58	282.51	192.79	Upgrade
Operating Expenses	438.85	649.73	683.99	626.01	516.57	316.3	Upgrade
Operating Income	-506.25	-727.75	-779.6	-742.46	-558.12	-316.3	Upgrade
Interest Expense	-	-	-	-	-	0.64	Upgrade
Interest & Investment Income	30.06	26.73	7.95	1.74	0.33	5.5	Upgrade
Currency Exchange Gain (Loss)	-0.42	-	-0.21	-	-0.24	-	Upgrade
Other Non Operating Income (Expenses)	0.06	0.06	-	-0.24	-	-1.37	Upgrade
EBT Excluding Unusual Items	-476.54	-700.95	-771.85	-740.96	-558.03	-311.52	Upgrade
Merger & Restructuring Charges	-40.44	-40.47	-17.32	-	-707.22	-	Upgrade
Impairment of Goodwill	504	-888.94	-608.47	-4,700	-	-	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.48	Upgrade
Asset Writedown	-532	-532	-110	-	-	-0.12	Upgrade
Pretax Income	-544.98	-2,162	-1,508	-5,441	-1,265	-312.12	Upgrade
Income Tax Expense	-138.74	-135.36	-41.95	-42.29	-17.48	0.03	Upgrade
Net Income	-406.24	-2,027	-1,466	-5,399	-1,248	-312.16	Upgrade
Net Income to Common	-406.24	-2,027	-1,466	-5,399	-1,248	-312.16	Upgrade
Shares Outstanding (Basic)	35	32	31	31	-	124	Upgrade
Shares Outstanding (Diluted)	35	32	31	31	-	124	Upgrade
Shares Change (YoY)	11.87%	2.74%	-	-	-	9.39%	Upgrade
EPS (Basic)	-11.62	-63.54	-47.21	-173.89	-	-2.52	Upgrade
EPS (Diluted)	-11.62	-63.54	-47.21	-173.89	-	-2.52	Upgrade
Free Cash Flow	-329.83	-582.36	-608.69	-584.17	-758.06	-243.91	Upgrade
Free Cash Flow Per Share	-9.43	-18.25	-19.60	-18.81	-	-1.97	Upgrade
Gross Margin	-47.53%	-62.12%	-102.69%	-209.63%	-284.38%	-	Upgrade
Operating Margin	-356.95%	-579.44%	-837.33%	-1336.56%	-3819.61%	-	Upgrade
Profit Margin	-286.43%	-1613.92%	-1574.23%	-9719.35%	-8539.39%	-	Upgrade
Free Cash Flow Margin	-232.56%	-463.68%	-653.76%	-1051.62%	-5187.90%	-	Upgrade
EBITDA	-349.38	-569.7	-620.9	-587.7	-499.67	-308.73	Upgrade
D&A For EBITDA	156.88	158.06	158.7	154.76	58.45	7.56	Upgrade
EBIT	-506.25	-727.75	-779.6	-742.46	-558.12	-316.3	Upgrade
Revenue as Reported	141.83	125.6	93.11	55.55	14.61	-	Upgrade
Advertising Expenses	-	17.7	21.9	24.5	7.6	-	Upgrade

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

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