GH financial statements

The full income statement, balance sheet, and cash-flow statement for Guardant Health Inc. (GH), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 123.0M2024-09 123.6M2024-12 123.4M2025-03 123.9M2025-06 124.7M2025-09 126.0M2025-12 131.2M2026-03 132.6M2026-06 134.2M+9.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	982M YoY+32.9%	739M YoY+31.0%	564M YoY+25.5%	450M YoY+20.3%	374M YoY+30.3%
Cost of revenue	349M YoY+20.4%	290M YoY+27.6%	227M	—	—
Research & development	364M YoY+4.7%	348M YoY-5.3%	367M YoY-1.8%	374M YoY+42.0%	263M YoY+75.6%
Selling, general & administrative	211M YoY+17.4%	180M YoY+15.6%	156M YoY-5.0%	164M YoY-20.7%	207M YoY+7.2%
General & administrative	211M YoY+17.4%	180M YoY+15.6%	156M YoY-5.0%	164M YoY-20.7%	207M YoY+7.2%
Selling & marketing	495M YoY+35.5%	365M YoY+23.6%	295M YoY-1.5%	300M YoY+56.3%	192M YoY+80.1%
Amortization of intangibles	1.70M YoY-22.7%	2.20M YoY-18.5%	2.70M YoY+8.0%	2.50M YoY+31.6%	1.90M YoY+5.6%
Operating income	-437M YoY+1.4%	-444M YoY+21.4%	-565M YoY-3.7%	-544M YoY-32.5%	-411M YoY-61.2%
Interest expense	3.90M YoY+51.0%	2.58M YoY+0.1%	2.58M YoY+0.0%	2.58M YoY+0.0%	2.58M YoY-45.9%
Interest & investment income	34.1M YoY-36.5%	53.7M YoY+51.8%	35.4M YoY+482.7%	6.07M YoY+54.4%	3.93M YoY-61.4%
Other non-operating income	-10.5M YoY+75.4%	-42.6M YoY-180.1%	53.2M YoY+516.1%	-12.8M YoY-150.8%	25.2M YoY+591.5%
Gain (loss) on equity securities	0.00 YoY+100.0%	-44.4M YoY-155.7%	79.7M YoY+1122.8%	-7.79M	0.00
Pre-tax income	-418M YoY+4.0%	-435M YoY+9.1%	-479M YoY+26.7%	-653M YoY-70.0%	-384M YoY-56.3%
Income tax	-1.26M YoY-198.4%	1.28M YoY+87.4%	685K YoY-39.9%	1.14M YoY+279.7%	300K YoY-20.8%
	-416M YoY+4.6%	-436M YoY+9.0%	-479M YoY+26.8%	-655M YoY-70.1%	-385M YoY-56.2%
Net income to common	-416M YoY+4.6%	-436M YoY+9.0%	-479M YoY+26.8%	-655M YoY-61.4%	-406M YoY-59.8%
	-$3.32 YoY+6.7%	-$3.56 YoY+16.8%	-$4.28 YoY+33.2%	-$6.41 YoY-60.3%	-$4.00 YoY-53.8%
EPS (basic)	-$3.32 YoY+6.7%	-$3.56 YoY+16.8%	-$4.28 YoY+33.2%	-$6.41 YoY-60.3%	-$4.00 YoY-53.8%
	125M YoY+2.1%	123M YoY+9.6%	112M YoY+9.6%	102M YoY+0.9%	101M YoY+3.9%
	125M YoY+2.1%	123M YoY+9.6%	112M YoY+9.6%	102M YoY+0.9%	101M YoY+3.9%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.47B YoY+38.9%	1.06B YoY-21.7%	1.35B YoY+13.1%	1.19B YoY+7.0%	1.11B YoY-41.0%
Cash & equivalents	378M YoY-28.0%	526M YoY-53.6%	1.13B YoY+700.3%	142M YoY-71.2%	492M YoY-40.9%
Short-term investments	—	—	—	870M YoY+97.4%	441M YoY-54.2%
Accounts receivable	138M YoY+25.0%	110M YoY+24.2%	88.8M YoY-8.7%	97.3M YoY-0.4%	97.7M YoY+83.2%
Inventory	85.9M YoY+20.8%	71.1M YoY+14.7%	61.9M YoY+20.1%	51.6M YoY+68.2%	30.7M YoY+35.0%
Prepaid expenses	40.7M YoY+20.5%	33.8M YoY+21.8%	27.7M YoY-12.0%	31.5M YoY-40.6%	53.1M YoY+203.7%
	2.01B YoY+35.5%	1.49B YoY-16.8%	1.79B YoY+11.0%	1.61B YoY-27.0%	2.20B YoY-3.0%
Property, plant & equipment	146M YoY+6.7%	137M YoY-5.7%	145M YoY-13.6%	168M YoY+34.9%	124M YoY+98.2%
Operating lease right-of-use	159M YoY+11.7%	142M YoY-9.7%	158M YoY-9.4%	174M YoY-8.2%	189M YoY+407.3%
Goodwill	77.3M YoY+2248.2%	3.29M YoY+0.0%	3.29M YoY+0.0%	3.29M YoY+0.0%	3.29M YoY+0.0%
Intangible assets	25.9M YoY+283.4%	6.76M YoY-24.7%	8.98M YoY-23.4%	11.7M YoY-17.5%	14.2M YoY-12.1%
Long-term investments	—	—	—	0.00 YoY-100.0%	698M YoY+183.1%
Other non-current assets	28.5M YoY-23.4%	37.2M YoY-70.1%	124M YoY+102.1%	61.5M YoY+0.8%	60.9M YoY+253.2%
	303M YoY+34.2%	226M YoY+9.6%	206M YoY+6.6%	193M YoY-0.8%	195M YoY+191.4%
Accounts payable	54.4M YoY+41.2%	38.6M YoY-25.5%	51.7M YoY-24.9%	68.9M YoY+78.9%	38.5M YoY+424.8%
Accrued liabilities	77.9M YoY+14.0%	68.3M YoY+7.7%	63.5M YoY-63.9%	176M YoY+288.2%	45.3M YoY+100.0%
Deferred revenue	50.8M YoY+43.1%	35.5M YoY+97.4%	18.0M YoY+3.2%	17.4M YoY+53.7%	11.3M YoY+32.5%
Current lease liability	27.7M YoY-5.3%	29.2M YoY+4.5%	27.9M YoY+27.8%	21.9M YoY+70.2%	12.9M YoY+93.8%
	2.11B YoY+30.0%	1.63B YoY-0.2%	1.63B YoY+5.0%	1.55B YoY-0.6%	1.56B YoY+70.2%
Long-term debt	1.50B YoY+31.6%	1.14B	—	—	—
Deferred revenue (non-current)	9.00M YoY+47.5%	6.10M YoY+22.0%	5.00M YoY+31.6%	3.80M	—
Non-current lease liability	178M YoY+8.6%	164M YoY-11.6%	186M YoY-11.5%	210M YoY-7.1%	226M YoY+443.9%
Operating lease liability (total)	206M YoY+6.5%	194M YoY-9.5%	214M YoY-7.8%	232M YoY-2.9%	239M YoY+395.7%
Other non-current liabilities	128M YoY+37.6%	92.8M YoY-3.3%	96.0M YoY+945.9%	9.18M YoY+133.4%	3.93M YoY+158.8%
	-99.3M YoY+28.9%	-140M YoY-188.0%	159M YoY+163.7%	60.2M YoY-90.7%	645M YoY-50.3%
Additional paid-in capital	2.90B YoY+18.7%	2.44B YoY+6.1%	2.30B YoY+32.3%	1.74B YoY+5.1%	1.66B YoY-12.9%
Retained earnings	-2.99B YoY-16.1%	-2.58B YoY-20.4%	-2.14B YoY-28.8%	-1.66B YoY-65.0%	-1.01B YoY-66.1%
Treasury stock	—	0.00	—	—	—
Accumulated other comprehensive income	-4.85M YoY+6.7%	-5.20M YoY-41.5%	-3.67M YoY+81.2%	-19.5M YoY-309.8%	-4.76M YoY-276.6%
Total liabilities & equity	2.01B YoY+35.5%	1.49B YoY-16.8%	1.79B YoY+11.0%	1.61B YoY-27.0%	2.20B YoY-3.0%
	131M YoY+5.4%	124M YoY+1.9%	122M YoY+18.5%	103M YoY+0.8%	102M YoY+1.6%
	131M YoY+5.4%	124M YoY+1.9%	122M YoY+18.5%	103M YoY+0.8%	102M YoY+1.6%
	131M YoY+6.3%	123M YoY+1.4%	122M YoY+18.6%	103M YoY+0.8%	102M YoY+1.4%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	-185M YoY+23.0%	-240M YoY+26.2%	-325M YoY-5.0%	-309M YoY-48.1%	-209M YoY-101.1%
Depreciation & amortization	39.7M YoY-6.3%	42.4M YoY-1.2%	42.9M YoY+19.2%	36.0M YoY+61.5%	22.3M YoY+38.6%
Intangible amortization	1.70M YoY-22.7%	2.20M YoY-18.5%	2.70M YoY+8.0%	2.50M YoY+31.6%	1.90M YoY+5.6%
Share-based compensation	166M YoY+18.4%	140M YoY+54.7%	90.8M YoY-4.1%	94.7M YoY-37.5%	151M YoY+5.1%
Deferred income taxes	-1.71M YoY-694.1%	287K YoY+153.0%	-541K YoY-129.2%	-236K YoY-232.6%	178K YoY+34.8%
Change in receivables	28.2M YoY+31.7%	21.4M YoY+355.3%	-8.38M YoY-2134.1%	-375K YoY-100.8%	44.4M YoY+711.9%
Change in inventory	14.8M YoY+61.9%	9.13M YoY-11.7%	10.3M YoY-50.5%	20.9M YoY+163.0%	7.96M YoY+5.6%
Change in payables	—	—	—	—	8.64M YoY+209.9%
	-627M YoY-140.0%	-261M YoY-131.1%	840M YoY+460.9%	150M YoY+337.2%	-63.2M YoY+89.8%
Capital expenditure	48.3M YoY+37.7%	35.1M YoY+71.3%	20.5M YoY-73.6%	77.5M YoY+3.2%	75.0M YoY+107.4%
Free cash flow	-233M YoY+15.2%	-275M YoY+20.4%	-345M YoY+10.7%	-387M YoY-36.2%	-284M YoY-102.7%
Acquisitions	59.0M	0.00	0.00	0.00	0.00
Sales/maturities of investments	307M YoY+778.1%	35.0M YoY-97.7%	1.49B YoY+169.3%	555M YoY-41.7%	952M
Other investing activities	—	—	-1.53M	0.00	0.00
	671M YoY+67482.8%	-996K YoY-100.2%	477M YoY+352.5%	-189M YoY-183.0%	-66.8M YoY-104.7%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	257M	0.00 YoY-100.0%	493M	0.00	0.00 YoY-100.0%
Common stock repurchased	45.0M	0.00	0.00	0.00	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	3.60M YoY+2450.3%	-153K YoY-102.5%	6.03M YoY+630.6%	-1.14M YoY-22.2%	-930K
Net change in cash	-140M YoY+72.2%	-504M YoY-150.8%	992M YoY+383.1%	-350M YoY-2.8%	-341M YoY-149.4%
Interest paid	3.77M	0.00	0.00	—	0.00
Income taxes paid	869K YoY-13.7%	1.01M YoY-48.9%	1.97M YoY+47.9%	1.33M YoY+238.7%	393K YoY+18.7%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	13.4B YoY+255.3%	3.77B YoY+18.1%	3.19B YoY+14.6%	2.79B YoY-72.7%	10.2B YoY-21.3%
P/S	13.6× YoY+167.4%	5.1× YoY-14.4%	6.0× YoY-7.9%	6.5× YoY-76.3%	27.3× YoY-39.6%
P/B	—	—	14.0× YoY-16.3%	16.7× YoY+5.8%	15.8× YoY+58.5%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: GH's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GH filings on SEC EDGAR → Not investment advice.