GRAIL, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 01/01/23 |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | $147.2M | $125.6M | $93.1M | $55.5M |
| Research and development | $195.8M | $322.4M | $338.7M | $329.6M |
| Operating income | -$562.2M | -$2.2B | -$1.5B | -$5.4B |
| Pretax income | -$534.5M | -$2.2B | -$1.5B | -$5.4B |
| Income tax expense | -$126.2M | -$135.4M | -$42.0M | -$42.3M |
| Net income | -$408.4M | -$2.0B | -$1.5B | -$5.4B |
| Balance Sheet | ||||
| Cash and equivalents | $249.7M | $214.2M | $97.3M | $241.6M |
| Current assets | $953.8M | $819.9M | $156.1M | — |
| Total assets | $2.9B | $3.0B | $3.9B | — |
| Current liabilities | $79.7M | $76.9M | $163.6M | — |
| Total liabilities | $344.2M | $479.9M | $267.6M | — |
| Stockholders' equity | $2.6B | $2.5B | — | — |
| Cash Flow Statement | ||||
| Cash from operations | -$299.0M | -$577.2M | -$595.8M | -$561.3M |
| Depreciation and amortization | $18.0M | $19.7M | $20.4M | $16.4M |
| Stock-based compensation | $58.3M | $86.1M | $97.2M | $75.7M |
| Capital expenditure | $909,000 | $5.2M | $12.9M | $22.9M |
| Free cash flow | -$299.9M | -$582.4M | -$608.7M | -$584.2M |
| Impairments | — | $888.9M | $608.5M | $4.7B |
Shares outstanding 42.9M · Free float 82.3%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.