GRAL financial statements
The full income statement, balance sheet, and cash-flow statement for GRAIL Inc. Common Stock (GRAL), 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)
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.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofJan 1 ’23 | |
| Revenue | 147M+17.2% | 126M+34.9% | 93.1M+67.6% | 55.5M | |
| Research & development | 196M-39.3% | 322M-4.8% | 339M+2.8% | 330M | |
| Selling, general & administrative | 159M-25.6% | 214M+6.8% | 200M+15.0% | 174M | |
| General & administrative | 159M-25.6% | 214M+6.8% | 200M+15.0% | 174M | |
| Selling & marketing | 117M-24.2% | 154M-5.1% | 162M+32.7% | 122M | |
| Amortization of intangibles | 134M+0.0% | 134M+0.0% | 134M-3.2% | 138M | |
| Operating income | -562M+74.3% | -2.19B-44.5% | -1.52B+72.2% | -5.44B | |
| Interest & investment income | 28.7M+7.2% | 26.7M+236.1% | 7.95M+357.1% | 1.74M | |
| Other non-operating income | -993K-1651.6% | 64.0K+130.8% | -208K+12.6% | -238K | |
| Pre-tax income | -535M+75.3% | -2.16B-43.4% | -1.51B+72.3% | -5.44B | |
| Income tax | -126M+6.8% | -135M-222.7% | -42.0M+0.8% | -42.3M | |
| Net income | -408M+79.9% | -2.03B-38.3% | -1.47B+72.9% | -5.40B | |
| -$11.11+82.5% | -$63.54-34.6% | -$47.21+72.9% | -$173.89 | ||
| EPS (basic) | -$11.11+82.5% | -$63.54-34.6% | -$47.21+72.9% | -$173.89 | |
| Weighted-avg shares (basic) | 36.8M+15.2% | 31.9M+2.7% | 31.0M+0.0% | 31.0M | |
| Weighted-avg shares (diluted) | 36.8M+15.2% | 31.9M+2.7% | 31.0M+0.0% | 31.0M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofJan 1 ’23 | |
| 954M+16.3% | 820M+425.3% | 156M | — | ||
| Cash & equivalents | 250M+16.6% | 214M+120.2% | 97.3M-59.7% | 242M | |
| Cash & short-term investments | 902M+18.5% | 761M | — | — | |
| Accounts receivable | 18.3M-9.9% | 20.3M+19.9% | 16.9M | — | |
| Prepaid expenses | 15.1M-13.4% | 17.4M-13.4% | 20.1M | — | |
| 2.92B-2.1% | 2.98B-23.8% | 3.91B | — | ||
| Property, plant & equipment | 51.8M-25.0% | 69.1M-18.7% | 85.0M | — | |
| Operating lease right-of-use | 52.1M-21.5% | 66.4M-21.3% | 84.4M | — | |
| Goodwill | — | 0.00-100.0% | 889M-40.6% | 1.50B | |
| Intangible assets | 1.85B-8.2% | 2.02B-24.9% | 2.69B | — | |
| Other non-current assets | 6.75M-13.1% | 7.77M-2.6% | 7.98M | — | |
| 79.7M+3.6% | 76.9M-53.0% | 164M | — | ||
| Accounts payable | 2.08M-57.0% | 4.84M-75.4% | 19.7M | — | |
| Accrued liabilities | 63.9M+11.7% | 57.2M-22.4% | 73.8M | — | |
| Current lease liability | 11.7M-11.7% | 13.3M-10.5% | 14.8M | — | |
| Other current liabilities | 1.93M+22.0% | 1.58M+95.3% | 809K | — | |
| 344M-28.3% | 480M+79.3% | 268M | — | ||
| Non-current lease liability | 43.1M-21.4% | 54.9M-21.1% | 69.6M | — | |
| Operating lease liability (total) | 54.9M-19.5% | 68.1M | — | — | |
| Deferred tax liabilities | 219M-36.8% | 346M+950.6% | 32.9M | — | |
| Other non-current liabilities | 2.75M+23.1% | 2.24M+49.3% | 1.50M | — | |
| 2.58B+3.0% | 2.50B | — | — | ||
| Preferred stock | 0.00 | 0.00 | — | — | |
| Common stock | 40.0K+17.6% | 34.0K | — | — | |
| Additional paid-in capital | 12.8B+3.9% | 12.3B | — | — | |
| Retained earnings | -10.2B-4.2% | -9.80B-26.1% | -7.78B | — | |
| Accumulated other comprehensive income | 2.65M+83.0% | 1.45M+36.1% | 1.07M | — | |
| Total liabilities & equity | 2.92B-2.1% | 2.98B-23.8% | 3.91B | — | |
| Common shares issued | 40.3M+19.0% | 33.9M | — | — | |
| Common shares outstanding | 40.3M+19.0% | 33.9M | — | — | |
| Shares outstanding (cover) | 41.0M+21.0% | 33.9M | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofJan 1 ’23 | |
| -299M+48.2% | -577M+3.1% | -596M-6.1% | -561M | ||
| Depreciation & amortization | 152M-1.1% | 154M-0.4% | 154M-0.3% | 155M | |
| Intangible amortization | 134M+0.0% | 134M+0.0% | 134M-3.2% | 138M | |
| Share-based compensation | 58.3M-32.3% | 86.1M-11.5% | 97.2M+28.4% | 75.7M | |
| Deferred income taxes | -126M+6.0% | -134M-251.9% | -38.2M+2.3% | -39.1M | |
| Change in receivables | -1.69M-150.0% | 3.37M+143.7% | 1.38M-84.1% | 8.68M | |
| Change in payables | -2.73M+81.3% | -14.6M-606.6% | 2.89M+23.5% | 2.34M | |
| -85.0M+84.6% | -551M-4175.7% | -12.9M+43.6% | -22.9M | ||
| Capital expenditure | 909K-82.5% | 5.21M-59.6% | 12.9M-43.6% | 22.9M | |
| Free cash flow | -300M+48.5% | -582M+4.3% | -609M-4.2% | -584M | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | |
| 423M-66.0% | 1.24B+168.3% | 464M-23.3% | 605M | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | -147K-137.1% | -62.0K-120.3% | 305K+159.7% | -511K | |
| Net change in cash | 39.1M-66.3% | 116M+180.3% | -145M-818.3% | 20.1M | |
| Income taxes paid | 1.13M | — | — | — | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofJan 1 ’23 | |
| Market cap | 3.51B+480.3% | 605M | — | — | |
| P/S | 23.9×+395.2% | 4.8× | — | — | |
| P/B | 1.4×+463.5% | 0.2× | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K |
About this data
Source: GRAL’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 GRAL filings on SEC EDGAR → Not investment advice.