GRAL - GRAIL Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$62.75
DETAILS
HIGH:
$70.00
LOW:
$56.00
MEDIAN:
$62.50
CONSENSUS:
$62.75
DOWNSIDE:
20.67%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 44.7 | 40.8 | 43.6 | 36.2 | 35.5 | 31.8 | 38.3 | 28.7 | 32.0 | 26.7 | 30.3 | 20.7 | 22.4 | 19.6 |
| Cost of Revenue | 57.3 | 21.2 | 54.7 | 49.9 | 53.3 | 51.8 | 54.2 | 50.9 | 49.9 | 48.6 | 49.0 | 47.8 | 46.7 | 45.3 |
| Gross Profit | (12.6) | 19.5 | (11.1) | (13.7) | (17.8) | (19.9) | (16.0) | (22.2) | (17.9) | (21.9) | (18.6) | (27.1) | (24.3) | (25.6) |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 47.4 | 48.0 | 46.9 | 48.6 | 46.6 | 53.6 | 48.3 | 78.2 | 94.2 | 101.6 | 84.1 | 80.1 | 88.7 | 85.9 |
| SG&A Expenses | 88.4 | 73.4 | 66.4 | 62.9 | 66.5 | 80.1 | 72.6 | 83.0 | 108.2 | 103.9 | 91.9 | 86.8 | 91.4 | 92.5 |
| Other Expenses | 25.4 | 33.8 | 0 | 0 | 28 | 0 | 0 | 0 | 1,420.9 | 0 | 0 | 718.5 | 0 | 0 |
| Operating Expenses | 161.2 | 155.3 | 113.3 | 111.6 | 141.1 | 133.7 | 121.0 | 161.3 | 1,623.4 | 205.5 | 175.9 | 885.3 | 180.1 | 178.4 |
| Operating Income | ||||||||||||||
| Operating Income | (173.8) | (135.8) | (124.4) | (125.3) | (158.9) | (153.6) | (136.9) | (183.5) | (1,641.3) | (227.4) | (194.6) | (912.4) | (204.4) | (204.0) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 7.2 | 8.0 | 8.0 | 6.1 | 6.8 | 7.8 | 9.4 | 11.7 | 2.8 | 2.9 | 1.4 | 2.5 | 1.8 | 2.2 |
| Profitability | ||||||||||||||
| EBITDA | (166.7) | (88.7) | (77.6) | (79.7) | (91.7) | (107.1) | (87.6) | (133.2) | (181.0) | (184.5) | (153.1) | (154.1) | (163.7) | (161.9) |
| EBIT | (166.7) | (127.5) | (116.5) | (118.7) | (130.9) | (146.4) | (127.0) | (172.4) | (220.4) | (224.5) | (193.0) | (193.9) | (202.8) | (201.7) |
| Income Before Tax | (166.7) | (127.5) | (116.5) | (118.7) | (152.9) | (146.4) | (127.0) | (172.4) | (1,638.5) | (224.5) | (193.0) | (910.1) | (202.8) | (201.7) |
| Income Tax Expense | (56.5) | (34.3) | (17.3) | (29.7) | (38.9) | (40.2) | (29.9) | (46.7) | (53.1) | (5.6) | (187.5) | (18.6) | (9.8) | (8.0) |
| Net Income | (110.2) | (93.2) | (99.2) | (89.0) | (114.0) | (106.2) | (97.1) | (125.7) | (1,585.3) | (218.9) | (5.5) | (891.4) | (193.0) | (193.7) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | -2.56 | -2.29 | -2.44 | -2.46 | -3.18 | -3.10 | -2.89 | -3.94 | -51.06 | -7.05 | -0.18 | -28.71 | -6.22 | -6.24 |
| EPS (Diluted) | -2.56 | -2.29 | -2.44 | -2.46 | -3.18 | -3.10 | -2.89 | -3.94 | -51.06 | -7.05 | -0.18 | -28.71 | -6.22 | -6.24 |
| Shares Outstanding | 43.1 | 40.6 | 40.7 | 36.1 | 35.1 | 34.3 | 31.9 | 31.9 | 31.0 | 31.1 | 31.1 | 31.1 | 31.0 | 31.1 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 55.6 | 69.3 | 249.7 | 126.9 | 127.4 | 133.9 | 214.2 | 853.6 | 958.8 | 974.1 | 97.3 |
| Short-Term Investments | 806.0 | 753.8 | 654.7 | 413.2 | 475.3 | 540.7 | 549.2 | 0 | 0 | 0 | 0 |
| Net Receivables | 19.8 | 20.3 | 18.3 | 16.3 | 16.4 | 19.4 | 24.6 | 19.8 | 18.8 | 20.0 | 22.4 |
| Inventory | 17.8 | 17.2 | 16.0 | 18.4 | 19.7 | 18.7 | 18.6 | 21.2 | 25.5 | 21.6 | 21.7 |
| Other Current Assets | 0 | 16.7 | 15.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 914.7 | 877.3 | 953.8 | 589.4 | 651.8 | 727.7 | 819.9 | 909.7 | 1,018.7 | 1,032.9 | 156.1 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 133.3 | 95.9 | 103.9 | 112.2 | 120.2 | 126.9 | 135.4 | 144.5 | 152.5 | 160.8 | 169.4 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 888.9 | 888.9 |
| Intangible Assets | 1,781.4 | 1,816.0 | 1,850.6 | 1,885.1 | 1,919.7 | 1,982.3 | 2,016.9 | 2,051.5 | 2,086.1 | 2,652.6 | 2,687.2 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.9 | 0 | 0 | 4.2 |
| Other Non-Current Assets | 14.3 | 14.2 | 13.7 | 14.3 | 10.7 | 10.7 | 11.1 | 8.4 | 12.4 | 12.0 | 8.0 |
| Total Non-Current Assets | 1,929.0 | 1,926.1 | 1,968.2 | 2,011.7 | 2,050.7 | 2,119.9 | 2,163.4 | 2,208.3 | 2,251.0 | 3,714.4 | 4,400.9 |
| Total Assets | 2,843.7 | 2,803.5 | 2,922.0 | 2,601.0 | 2,702.6 | 2,847.6 | 2,983.3 | 3,118.0 | 3,269.6 | 4,747.2 | 4,556.9 |
| Current Liabilities | |||||||||||
| Account Payables | 7.2 | 4.7 | 2.1 | 3.4 | 6.3 | 5.8 | 4.8 | 7.3 | 16.2 | 8.8 | 19.7 |
| Short-Term Debt | 0 | 0 | 11.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.8 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 1.6 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.1 | 26.8 | 65.9 | 33.1 | 24.2 | 23.0 | 22.7 | 44.7 | 33.2 | 1.9 | 87.6 |
| Total Current Liabilities | 83.5 | 74.7 | 79.7 | 77.4 | 70.6 | 75.0 | 76.9 | 94.3 | 88.2 | 107.0 | 163.6 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 0 | 41.1 | 43.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 133.7 | 184.0 | 218.6 | 236.3 | 266.2 | 305.2 | 345.9 | 375.1 | 422.2 | 581.4 | 676.0 |
| Other Non-Current Liabilities | 3.2 | 3.0 | (40.4) | 2.8 | 2.6 | 2.4 | 2.2 | 2.3 | 2.0 | 1.8 | 1.5 |
| Total Non-Current Liabilities | 217.5 | 228.1 | 264.5 | 283.6 | 317.3 | 359.0 | 403.0 | 436.1 | 486.3 | 649.1 | 747.1 |
| Total Liabilities | 301.0 | 302.8 | 344.2 | 361.1 | 387.9 | 433.9 | 479.9 | 530.3 | 574.5 | 756.2 | 910.7 |
| Stockholders' Equity | |||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 11,421.4 |
| Retained Earnings | (10,415.1) | (10,304.9) | (10,211.7) | (10,112.5) | (10,023.5) | (9,909.5) | (9,803.3) | (9,706.3) | (9,580.6) | (8,005.9) | (7,776.3) |
| Accumulated Other Comprehensive Income | 1.8 | 1.9 | 2.7 | 2.5 | 2.3 | 1.7 | 1.5 | 2.2 | 1.4 | 1.0 | 1.1 |
| Total Stockholders' Equity | 2,542.7 | 2,500.7 | 2,577.9 | 2,240.0 | 2,314.6 | 2,413.7 | 2,503.4 | 2,587.6 | 2,695.1 | 3,991.1 | 3,646.2 |
| Total Liabilities & Equity | 2,843.7 | 2,803.5 | 2,922.0 | 2,601.0 | 2,702.6 | 2,847.6 | 2,983.3 | 3,118.0 | 3,269.6 | 4,747.2 | 4,556.9 |
| Debt Metrics | |||||||||||
| Total Debt | 91.3 | 51.0 | 98.0 | 58.6 | 62.2 | 64.3 | 68.1 | 72.2 | 76.1 | 79.9 | 84.4 |
| Net Debt | 35.7 | (18.3) | (151.7) | (68.3) | (65.3) | (69.6) | (146.1) | (781.4) | (882.7) | (894.2) | (12.9) |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Net Income | (110.2) | (93.2) | (99.2) | (89.0) | (114.0) | (106.2) | (97.1) | (125.7) | (1,585.3) | (218.9) | (187.5) | (891.4) | (193.0) | (193.7) |
| Depreciation & Amortization | 38.7 | 38.8 | (117.4) | 39.0 | 39.2 | 39.3 | 39.4 | 39.2 | 39.4 | 40.0 | 39.9 | 39.8 | 39.1 | 39.8 |
| Stock-Based Compensation | 19.6 | 16.8 | (44.5) | 14.1 | 14.2 | 16.2 | 13.6 | 17.4 | 25.9 | 29.1 | 24.9 | 25.3 | 25.5 | 21.5 |
| Change in Working Capital | 8.2 | (8.1) | (7.5) | 6.8 | (0.8) | 1.5 | (16.3) | 10.9 | (9.0) | (9.8) | 9.0 | 6.6 | 7.0 | (14.8) |
| Other Non-Cash Items | 19.7 | (6.7) | 96.1 | (4.4) | 23.3 | (5.6) | (3.8) | 0.6 | 1,410.3 | (42.9) | (11.1) | 680.3 | (8.5) | (16.3) |
| Operating Cash Flow | (80.7) | (87.0) | (63.8) | (63.2) | (77.0) | (95.0) | (93.5) | (104.6) | (171.8) | (207.3) | (128.9) | (157.5) | (138.9) | (170.5) |
| Investing Activities | ||||||||||||||
| Capital Expenditure | (0.4) | (0.5) | 0.8 | (0.4) | (0.4) | (0.1) | (0.3) | (1.0) | (1.4) | (2.5) | (3.9) | (3.1) | (2.9) | (3.1) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (462.4) | (337.8) | 741.9 | (239.4) | (282.0) | (220.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 416.3 | 244.9 | (894.4) | 306.5 | 352.7 | 235.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | (85.0) | 0 | 0 | 0 | (545.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (46.6) | (93.4) | (236.7) | 66.7 | 70.4 | 14.6 | (546.1) | (1.0) | (1.4) | (2.5) | (3.9) | (3.1) | (2.9) | (3.1) |
| Financing Activities | ||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | 0 | (0.1) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 423.3 | 0 | 0 | 0 | 0 | 0 | 932.3 | 312 | 86 | 74.0 | 195 | 108.9 |
| Financing Cash Flow | 113.6 | 0 | 423.3 | 0 | 0 | 0 | 0 | 0 | 932.3 | 312 | 86.0 | 74.0 | 194.9 | 108.9 |
| Cash Position | ||||||||||||||
| Net Change in Cash | (13.7) | (180.4) | 122.8 | 3.1 | (6.5) | (80.3) | (639.9) | (105.3) | 759.1 | 102.1 | (46.6) | (86.8) | 53.3 | (64.5) |
| Cash at Beginning | 76.3 | 256.7 | 133.9 | 130.8 | 137.2 | 217.6 | 857.5 | 962.8 | 203.6 | 101.5 | 148.1 | 234.8 | 181.6 | 246.1 |
| Cash at End | 62.6 | 76.3 | 256.7 | 133.9 | 130.8 | 137.2 | 217.6 | 857.5 | 962.8 | 203.6 | 101.5 | 148.1 | 234.8 | 181.6 |
| Free Cash Flow | (81.2) | (87.5) | (63.0) | (63.6) | (77.3) | (95.1) | (93.8) | (105.6) | (173.2) | (209.8) | (132.8) | (160.6) | (141.8) | (173.5) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 44.7 | 40.8 | 43.6 | 36.2 | 35.5 | 31.8 | 38.3 | 28.7 | 32.0 | 26.7 | 30.3 | 20.7 | 22.4 | 19.6 |
| Gross Profit | (12.6) | 19.5 | (11.1) | (13.7) | (17.8) | (19.9) | (16.0) | (22.2) | (17.9) | (21.9) | (18.6) | (27.1) | (24.3) | (25.6) |
| Operating Income | (173.8) | (135.8) | (124.4) | (125.3) | (158.9) | (153.6) | (136.9) | (183.5) | (1,641.3) | (227.4) | (194.6) | (912.4) | (204.4) | (204.0) |
| Net Income | (110.2) | (93.2) | (99.2) | (89.0) | (114.0) | (106.2) | (97.1) | (125.7) | (1,585.3) | (218.9) | (5.5) | (891.4) | (193.0) | (193.7) |
| EPS (Diluted) | -2.56 | -2.29 | -2.44 | -2.46 | -3.18 | -3.10 | -2.89 | -3.94 | -51.06 | -7.05 | -0.18 | -28.71 | -6.22 | -6.24 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 55.6 | 69.3 | 249.7 | 126.9 | 127.4 | 133.9 | 214.2 | 853.6 | 958.8 | 974.1 | 97.3 | |||
| Total Assets | 2,843.7 | 2,803.5 | 2,922.0 | 2,601.0 | 2,702.6 | 2,847.6 | 2,983.3 | 3,118.0 | 3,269.6 | 4,747.2 | 4,556.9 | |||
| Total Debt | 91.3 | 51.0 | 98.0 | 58.6 | 62.2 | 64.3 | 68.1 | 72.2 | 76.1 | 79.9 | 84.4 | |||
| Stockholders' Equity | 2,542.7 | 2,500.7 | 2,577.9 | 2,240.0 | 2,314.6 | 2,413.7 | 2,503.4 | 2,587.6 | 2,695.1 | 3,991.1 | 3,646.2 | |||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | (80.7) | (87.0) | (63.8) | (63.2) | (77.0) | (95.0) | (93.5) | (104.6) | (171.8) | (207.3) | (128.9) | (157.5) | (138.9) | (170.5) |
| Capital Expenditure | (0.4) | (0.5) | 0.8 | (0.4) | (0.4) | (0.1) | (0.3) | (1.0) | (1.4) | (2.5) | (3.9) | (3.1) | (2.9) | (3.1) |
| Free Cash Flow | (81.2) | (87.5) | (63.0) | (63.6) | (77.3) | (95.1) | (93.8) | (105.6) | (173.2) | (209.8) | (132.8) | (160.6) | (141.8) | (173.5) |