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GRAIL, Inc.

GRAL

GRAIL is a commercial-stage healthcare company that develops and commercializes multi-cancer early detection (MCED) technology.

Market cap
$2.91B+140%
Revenue$156.1M+19.4%
Net income-$395.3M+79.4%
Free cash flow-$292.3M+37.5%
EPS (diluted)-$10.31+82.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 11, 2026 (In 2 weeks)
Revenue estimate$42.4M
EPS estimate-$2.66

Financials

Q1 2026

Income statement

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Revenue$40.8M+28.1%
Operating income-$135.8M+11.6%
Net income-$93.2M+12.3%
EPS (diluted)-$2.29+26.1%

Balance sheet

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Cash & equivalents$76.3M-44.4%
Total debt$51.0M-20.7%
Total equity$2.5B+3.6%
Total assets$2.8B-1.5%

Cash flow

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Operating cash flow-$87.0M+8.4%
CapEx$503.0K+711%
Free cash flow-$87.5M+8.0%

Valuation & ratios

Valuation

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Market cap$2.91B+140%
Enterprise value$2.89B+121%
P/S18.7×+8.4×

Profitability

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Operating margin-348.7%-153pp
Net margin-253.2%-115pp
FCF margin-187.2%-60.4pp

Returns & leverage

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Return on equity-16.1%
Debt / equity0.0×
Current ratio11.7×+2.0×

Segments

By product

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Screening revenue$39.8M+36.7%
Development Services$953.0K-64.8%

By segment

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Reportable Segment$40.8M+28.1%

Competitors

Profile

GRAIL is a commercial-stage healthcare company that develops and commercializes multi-cancer early detection (MCED) technology. The company's core value proposition is the Galleri test, a blood-based screening tool that identifies a shared cancer signal across more than 50 types of cancer and predicts the tissue of origin. By leveraging a proprietary targeted methylation platform and machine learning, the company aims to shift the paradigm toward early cancer detection at a population scale.

Competitive position

GRAIL is a pioneer and commercial leader in the MCED market with the largest clinical program in genomic medicine to date. It maintains a first-mover advantage with significant real-world data and established partnerships across multiple commercial channels.

GeographiesUnited States, United Kingdom, Israel, Canada, South Korea
Customer segmentsEnterprise, Government, Healthcare Providers, Consumers
Business modelDirect-to-consumer, B2B, Laboratory Developed Test (LDT), Licensing
SuppliersNext-generation sequencing (NGS) hardware, Laboratory reagents, Specialized blood collection tubes, DNA probes, Cloud computing infrastructure
CustomersSelf-insured corporations, Public health systems (NHS), Commercial health insurers, Concierge medical practices, Biopharmaceutical research departments
Listed2024
Employees1.2K
CEOJoshua J. Ofman
Websitegrail.com
FilingsSEC EDGAR

Questions, answered.

What is GRAIL, Inc.'s market cap?
GRAIL, Inc. (GRAL) has a market capitalization of $2.9B and trades on XNAS.
What is GRAIL, Inc.'s revenue and profitability?
GRAIL, Inc. generated $156.1M in trailing twelve-month revenue with a net loss of $395.3M, representing a net margin of -253.2%, with free cash flow of -$292.3M. These figures are based on the Q1 2026 filing.
Who are GRAIL, Inc.'s competitors?
GRAIL, Inc.'s key competitors include Guardant Health, Inc., Abbott Laboratories, Natera, Inc., and others. These companies compete in similar markets and product categories.
Who does GRAIL, Inc. partner with?
GRAIL, Inc.'s notable partners include Illumina, Inc., Quest Diagnostics, Epic Systems, and others.
Where is GRAIL, Inc. headquartered?
GRAIL, Inc. is headquartered in United States of America and employs approximately 1,170 people. It has been publicly traded since 2024.