GRAIL, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $44.7M | $40.8M | $43.6M | $36.2M | $35.5M | $31.8M | $38.3M | $28.7M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $47.4M | $48.0M | $46.9M | $48.6M | $46.6M | $53.6M | $48.3M | $78.2M |
| SG&A Expense | $50.7M | $42.8M | $38.7M | $37.4M | $37.9M | $45.1M | $42.1M | $47.4M |
| Operating Income | $-173.8M | $-135.8M | $-124.4M | $-125.3M | $-158.9M | $-153.6M | $-136.9M | $-183.5M |
| Operating Margin | -388.9% | -332.9% | -285.4% | -346.2% | -446.9% | -482.5% | -358.0% | -640.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-166.7M | $-127.5M | $-116.5M | $-118.7M | $-152.9M | $-146.4M | $-127.0M | $-172.4M |
| Income Tax Expense | $-56.5M | $-34.3M | $-17.3M | $-29.7M | $-38.9M | $-40.2M | $-29.9M | $-46.7M |
| Net Income | $-110.2M | $-93.2M | $-99.2M | $-89.0M | $-114.0M | $-106.2M | $-97.1M | $-125.7M |
| Net Margin | -246.7% | -228.5% | -227.5% | -245.8% | -320.7% | -333.6% | -253.8% | -438.7% |
| EPS (Basic) | $-2.56 | $-2.29 | $-2.37 | $-2.46 | $-3.18 | $-3.10 | $-1.49 | $-3.94 |
| EPS (Diluted) | $-2.56 | $-2.29 | $-2.37 | $-2.46 | $-3.18 | $-3.10 | $-1.49 | $-3.94 |
| Shares Outstanding (Basic) | 43.1M | 40.6M | 36.8M | 36.1M | 35.8M | 34.3M | 31.9M | 31.9M |
| Shares Outstanding (Diluted) | 43.1M | 40.6M | 36.8M | 36.1M | 35.8M | 34.3M | 31.9M | 31.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |