GRAIL, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-110.2M | $-93.2M | $-99.2M | $-89.0M | $-114.0M | $-106.2M | $-97.1M | $-125.7M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $4.1M | $4.2M | $4.3M | $4.4M | $4.6M | $4.7M | $4.9M | $4.6M |
| Amortization | $33.5M | $33.5M | $32.3M | $34.6M | $33.5M | $33.5M | $30.1M | $34.6M |
| Stock-Based Compensation | $19.6M | $16.8M | $13.8M | $14.1M | $14.2M | $16.2M | $13.6M | $17.4M |
| Net Cash from Operating Activities | $-80.7M | $-87.0M | $-63.8M | $-63.2M | $-77.0M | $-95.0M | $-93.5M | $-104.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $432.0K | $503.0K | $94.0K | $384.0K | $369.0K | $62.0K | $303.0K | $971.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-46.6M | $-93.4M | $-236.7M | $66.7M | $70.4M | $14.6M | $-546.1M | $-971.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | — | $423.3M | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $-13.7M | $-180.4M | $122.8M | $3.1M | $-6.5M | $-80.3M | $-639.9M | $-105.3M |
| Free Cash Flow | $-81.2M | $-87.5M | $-63.9M | $-63.6M | $-77.3M | $-95.1M | $-93.8M | $-105.6M |