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Guardant Health GH Operating margin

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19.6%
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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$21.74B+294%
Enterprise value$22.34B+266%
P/S20.1×+13.5×

Profitability

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Gross margin64.9%+3.6pp
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

Calculated from Guardant Health’s reported figures.

Based on trailing twelve months.

The source filing: Guardant Health’s 10-Q, filed May 7, 2026. Open the filing →

Filed
May 7, 2026, 5:16 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001576280-26-000026

FAQ

What is Guardant Health's operating margin?
Guardant Health (GH) reported operating margin of -41.4% in Q1 2026.
How has Guardant Health's operating margin changed year-over-year?
Guardant Health's operating margin increased by 29.5% year-over-year, from -58.8% to -41.4%.
What is the long-term trend for Guardant Health's operating margin?
Over 5 years (2020 to 2025), Guardant Health's operating margin has grown at a -12.9% compound annual growth rate (CAGR), from -88.9% to -44.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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