GRAIL Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2019
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '19 Dec 31, 2019
Revenue	156.12	147.17	125.6	93.11	55.55	-
Revenue Growth (YoY)	19.44%	17.18%	34.90%	67.61%	-	-
Cost of Revenue	79.18	75.86	69.73	54.83	38.11	-
Gross Profit	76.94	71.32	55.87	38.28	17.44	-
Selling, General & Admin	269.18	275.8	367.82	362.56	296.44	88.58
Depreciation & Amortization Expenses	133.89	133.89	133.89	133.89	133.89	-
Research & Development	190.19	195.79	322.38	338.75	329.58	167.09
Other Operating Expenses	28	28	1,421	718.47	4,700	-
Total Operating Expenses	621.26	633.48	2,245	1,554	5,460	255.66
Operating Income	-544.32	-562.16	-2,189	-1,515	-5,443	255.66
Interest Income	28.86	28.65	26.73	7.95	1.74	-12.43
Other Non-Operating Income (Expense)	-0.15	-0.99	0.06	-0.21	-0.24	1.82
Total Non-Operating Income (Expense)	28.71	27.66	26.8	7.75	1.5	-10.61
Pretax Income	-515.62	-534.5	-2,162	-1,508	-5,441	245.05
Provision for Income Taxes	-120.29	-126.15	-135.36	-41.95	-42.29	-0.2
Net Income	-395.33	-408.35	-2,027	-1,466	-5,399	244.86
Net Income to Common	-395.33	-408.35	-2,027	-1,466	-5,399	244.86
Net Income Growth	-	-	-	-	-	-11.19%
Shares Outstanding (Basic)	38	37	32	31	31	123
Shares Outstanding (Diluted)	38	37	32	31	31	123
Shares Change (YoY)	17.14%	15.21%	2.74%	-	-74.80%	7.93%
EPS (Basic)	-10.37	-11.11	-63.54	-47.21	-173.89	-1.99
EPS (Diluted)	-10.37	-11.11	-63.54	-47.21	-173.89	-1.99
Shares Outstanding	41.13	40.33	33.89	137.04	137.04	135.85
Free Cash Flow	-292.33	-299.92	-582.36	-608.69	-584.17	-249.13
Free Cash Flow Per Share	-7.63	-8.16	-18.26	-19.60	-18.81	-2.02
Gross Margin	49.28%	48.46%	44.48%	41.11%	31.40%	-
Operating Margin	-348.66%	-381.98%	-1743.03%	-1627.61%	-9798.18%	-
Profit Margin	-253.22%	-277.46%	-1613.92%	-1574.23%	-9719.35%	-
FCF Margin	-187.25%	-203.79%	-463.68%	-653.76%	-1051.61%	-
EBITDA	-388.46	-405.82	-2,031	-1,357	-5,288	265.97
EBITDA Margin	-248.82%	-275.75%	-1617.18%	-1457.16%	-9519.58%	-
EBIT	-544.32	-562.16	-2,189	-1,515	-5,443	255.66
EBIT Margin	-348.66%	-381.98%	-1743.03%	-1627.61%	-9798.18%	-
Effective Tax Rate	23.33%	23.60%	6.26%	2.78%	0.78%	-0.08%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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