GRAL - GRAIL, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$75.67
DETAILS
HIGH:
$130.00
LOW:
$56.00
MEDIAN:
$65.00
CONSENSUS:
$75.67
UPSIDE:
12.62%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 147.2 | 125.6 | 93.1 | 55.5 | 14.6 | 0 | 0 | 0 |
| Cost of Revenue | 209.7 | 203.6 | 188.7 | 172.0 | 114.6 | 0 | 0 | 0 |
| Gross Profit | (62.6) | (78.0) | (95.6) | (116.4) | (100.0) | 0 | 0 | 0 |
| Operating Expenses | ||||||||
| R&D Expenses | 195.8 | 322.4 | 338.7 | 329.6 | 460.2 | 192.9 | 167.1 | 223.2 |
| SG&A Expenses | 275.8 | 367.8 | 362.6 | 296.4 | 234.1 | 123.5 | 88.6 | 64.3 |
| Other Expenses | 0 | 1,420.9 | 718.5 | 4,700.4 | 471.1 | 0 | 0 | 0 |
| Operating Expenses | 471.6 | 2,111.1 | 1,419.8 | 5,326.4 | 1,165.3 | 316.4 | 255.7 | 287.5 |
| Operating Income | ||||||||
| Operating Income | (534.2) | (2,189.2) | (1,515.4) | (5,442.9) | (1,265.3) | (316.4) | (255.7) | (287.5) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 28.7 | 26.7 | 8.0 | 1.7 | 0.3 | 6.1 | 12.4 | 8.3 |
| Profitability | ||||||||
| EBITDA | (377.8) | (610.2) | (638.2) | (587.7) | (1,206.8) | (308.7) | (243.1) | (269.4) |
| EBIT | (534.2) | (768.2) | (796.9) | (742.5) | (1,265.3) | (316.3) | (253.4) | (283.5) |
| Income Before Tax | (534.5) | (2,162.4) | (1,507.6) | (5,441.4) | (1,265.3) | (312.1) | (245.1) | (275.2) |
| Income Tax Expense | (126.2) | (135.4) | (42.0) | (42.3) | (17.5) | 0.0 | (0.2) | 0.5 |
| Net Income | (408.4) | (2,027.0) | (1,465.7) | (5,399.1) | (1,247.8) | (312.2) | (244.9) | (275.7) |
| Per Share Data | ||||||||
| EPS (Basic) | -11.11 | -63.54 | -47.20 | -173.87 | -40.18 | -2.52 | -1.99 | -2.42 |
| EPS (Diluted) | -11.11 | -63.54 | -47.20 | -173.87 | -40.18 | -2.52 | -1.99 | -2.42 |
| Shares Outstanding | 36.8 | 31.9 | 31.1 | 31.1 | 31.1 | 123.7 | 123.2 | 114.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 249.7 | 214.2 | 97.3 | 241.6 | 221.2 | 170.2 | 143.2 | 95.1 |
| Short-Term Investments | 654.7 | 549.2 | 0 | 0 | 0 | 413.3 | 401.2 | 546.3 |
| Net Receivables | 18.3 | 24.6 | 22.4 | 18.6 | 6.9 | 0 | 0 | 0 |
| Inventory | 16.0 | 18.6 | 21.7 | 19.8 | 0 | 0 | 0 | 0 |
| Other Current Assets | 15.1 | 0 | 0 | 0 | 6.9 | 0 | 0 | 0 |
| Total Current Assets | 953.8 | 819.9 | 156.1 | 295.6 | 242.7 | 595.9 | 557.5 | 649.2 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 103.9 | 135.4 | 169.4 | 198.7 | 216.4 | 101.4 | 59.5 | 33.0 |
| Goodwill | 0 | 0 | 888.9 | 1,497.4 | 6,197.8 | 0 | 0 | 0 |
| Intangible Assets | 1,850.6 | 2,016.9 | 2,687.2 | 2,935.6 | 3,073.9 | 0 | 0 | 0 |
| Long-Term Investments | 7.0 | 0 | 4.2 | 4.5 | 0 | 2.1 | 15.2 | 1.6 |
| Other Non-Current Assets | 6.8 | 11.1 | 8.0 | 6.1 | 7.1 | 6.9 | 3.4 | 2.9 |
| Total Non-Current Assets | 1,968.2 | 2,163.4 | 4,400.9 | 5,306.5 | 9,495.2 | 110.4 | 78.0 | 37.6 |
| Total Assets | 2,922.0 | 2,983.3 | 4,556.9 | 5,602.1 | 9,737.9 | 706.3 | 635.5 | 686.8 |
| Current Liabilities | ||||||||
| Account Payables | 2.1 | 4.8 | 19.7 | 17.5 | 17.6 | 24.5 | 6.1 | 12.8 |
| Short-Term Debt | 11.7 | 0 | 14.8 | 13.3 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 1.6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 65.9 | 22.7 | 87.6 | 66.0 | 4.5 | 12.4 | 0.0 | 0.3 |
| Total Current Liabilities | 79.7 | 76.9 | 163.6 | 134.9 | 97.9 | 84.0 | 44.9 | 74.2 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 43.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 218.6 | 345.9 | 676.0 | 735.2 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | (40.4) | 2.2 | 1.5 | 3.1 | 112.8 | 3.0 | 3.4 | 11.5 |
| Total Non-Current Liabilities | 264.5 | 403.0 | 747.1 | 821 | 209.5 | 60.5 | 40.1 | 12.3 |
| Total Liabilities | 344.2 | 479.9 | 910.7 | 955.9 | 307.4 | 144.5 | 85.0 | 86.5 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.0 | 0.0 | 11,421.4 | 10,955.9 | 10,341.8 | 0.2 | 0.1 | 0.1 |
| Retained Earnings | (10,211.7) | (9,803.3) | (7,776.3) | (6,310.6) | (911.5) | (1,617.8) | (1,305.6) | (1,060.8) |
| Accumulated Other Comprehensive Income | 2.7 | 1.5 | 1.1 | 0.9 | 0.3 | 3.6 | 2.5 | 0.1 |
| Total Stockholders' Equity | 2,577.9 | 2,503.4 | 3,646.2 | 4,646.2 | 9,430.5 | 561.8 | 550.5 | 600.4 |
| Total Liabilities & Equity | 2,922.0 | 2,983.3 | 4,556.9 | 5,602.1 | 9,737.9 | 706.3 | 635.5 | 686.8 |
| Debt Metrics | ||||||||
| Total Debt | 98.0 | 68.1 | 84.4 | 96.0 | 110.6 | 63.0 | 42.0 | 2.5 |
| Net Debt | (151.7) | (146.1) | (12.9) | (145.6) | (110.6) | (107.2) | (101.1) | (92.6) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (408.4) | (2,027.0) | (1,465.7) | (5,399.1) | (1,247.8) | (312.2) | (244.9) | (275.7) |
| Depreciation & Amortization | 0 | 158.1 | 158.7 | 154.8 | 58.4 | 7.6 | 10.3 | 14.1 |
| Stock-Based Compensation | 0 | 86.1 | 97.2 | 75.7 | 681.9 | 46.0 | 28.4 | 11.0 |
| Change in Working Capital | 12.4 | (24.3) | 7.7 | (14.5) | 20.3 | 17.2 | (39.3) | 39.7 |
| Other Non-Cash Items | 96.9 | 1,364.2 | 644.4 | 4,660.8 | (201.0) | 9.4 | (0.4) | 1.7 |
| Operating Cash Flow | (299.0) | (577.2) | (595.8) | (561.3) | (688.1) | (232.0) | (245.8) | (209.3) |
| Investing Activities | ||||||||
| Capital Expenditure | (0.9) | (5.2) | (12.9) | (22.9) | (69.9) | (11.9) | (3.3) | (16.0) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (1,308.3) | (545.8) | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 1,224.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 414.7 | (0.9) | 136.4 | (77.4) |
| Investing Cash Flow | (85.0) | (551.0) | (12.9) | (22.9) | 344.8 | (12.8) | 133.0 | (93.4) |
| Financing Activities | ||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | (0.8) | (1.6) | (1.5) |
| Stock Repurchased | 0 | 0 | 0 | 0 | (0.2) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 1,244.3 | 463.8 | 604.8 | 388.9 | 275.9 | 161.9 | 302.1 |
| Financing Cash Flow | 423.3 | 1,244.3 | 463.8 | 604.8 | 394.7 | 275.1 | 160.3 | 300.6 |
| Cash Position | ||||||||
| Net Change in Cash | 39.1 | 116.1 | (144.6) | 20.1 | (143.2) | 30.4 | 47.7 | (1.5) |
| Cash at Beginning | 217.6 | 101.5 | 246.1 | 226.0 | 143.2 | 144.4 | 96.7 | 98.3 |
| Cash at End | 256.7 | 217.6 | 101.5 | 246.1 | 0 | 174.8 | 144.4 | 96.7 |
| Free Cash Flow | (299.0) | (582.4) | (608.7) | (584.2) | (758.1) | (243.9) | (249.1) | (225.2) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 147.2 | 125.6 | 93.1 | 55.5 | 14.6 | 0 | 0 | 0 |
| Gross Profit | (62.6) | (78.0) | (95.6) | (116.4) | (100.0) | 0 | 0 | 0 |
| Operating Income | (534.2) | (2,189.2) | (1,515.4) | (5,442.9) | (1,265.3) | (316.4) | (255.7) | (287.5) |
| Net Income | (408.4) | (2,027.0) | (1,465.7) | (5,399.1) | (1,247.8) | (312.2) | (244.9) | (275.7) |
| EPS (Diluted) | -11.11 | -63.54 | -47.20 | -173.87 | -40.18 | -2.52 | -1.99 | -2.42 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 249.7 | 214.2 | 97.3 | 241.6 | 221.2 | 170.2 | 143.2 | 95.1 |
| Total Assets | 2,922.0 | 2,983.3 | 4,556.9 | 5,602.1 | 9,737.9 | 706.3 | 635.5 | 686.8 |
| Total Debt | 98.0 | 68.1 | 84.4 | 96.0 | 110.6 | 63.0 | 42.0 | 2.5 |
| Stockholders' Equity | 2,577.9 | 2,503.4 | 3,646.2 | 4,646.2 | 9,430.5 | 561.8 | 550.5 | 600.4 |
| Cash Flow | ||||||||
| Operating Cash Flow | (299.0) | (577.2) | (595.8) | (561.3) | (688.1) | (232.0) | (245.8) | (209.3) |
| Capital Expenditure | (0.9) | (5.2) | (12.9) | (22.9) | (69.9) | (11.9) | (3.3) | (16.0) |
| Free Cash Flow | (299.0) | (582.4) | (608.7) | (584.2) | (758.1) | (243.9) | (249.1) | (225.2) |