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Guardant Health GH Business Segments — Cost of precision oncology testing

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Other financials

Income statement

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Revenue$301.7M+48.3%
Gross profit$196.7M+52.8%
Operating income-$121.4M-9.3%
Net income-$112.1M-17.8%
EPS (diluted)-$0.85-10.4%

Balance sheet

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Cash & equivalents$1.1B+37.0%
Total debt$1.7B+30.5%
Total equity-$181.1M+27.8%
Total assets$1.9B+42.5%

Cash flow

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Operating cash flow-$65.6M-4.7%
CapEx$5.6M+25.1%
Free cash flow-$71.2M-6.0%

Valuation

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Market cap$21.61B+240%
Enterprise value$22.21B+219%
P/S20×+12.3×

Profitability

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Gross margin64.9%+3.6pp
Operating margin-41.4%-9.4pp
Net margin-40.1%-8.1pp
FCF margin-22%-6.7pp

Returns & leverage

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Return on equity-438.1%-1,655pp
Debt / equity
Current ratio4.7×+0.6×

Where this comes from

Reported directly by Guardant Health in its filing.

Tagged under the XBRL concept gh:CostsOfPrecisionOncologyTestingAdjusted.

The official record: Guardant Health’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Guardant Health's business segments — cost of precision oncology testing?
Guardant Health (GH) reported business segments — cost of precision oncology testing of $84.3M in Q4 2025.
How has Guardant Health's business segments — cost of precision oncology testing changed year-over-year?
Guardant Health's business segments — cost of precision oncology testing increased by 20.7% year-over-year, from $69.86M to $84.3M.
What is the long-term trend for Guardant Health's business segments — cost of precision oncology testing?
Over 3 years (2022 to 2025), Guardant Health's business segments — cost of precision oncology testing has grown at a 33.5% compound annual growth rate (CAGR), from $141.69M to $337.2M.
What does business segments — cost of precision oncology testing mean?
This represents the specific direct costs attributable to the laboratory processing and clinical reporting of precision oncology diagnostic tests. It is a subset of the total cost of revenue focused on the core testing business.