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GRAIL, Inc. GRAL Operating margin

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Other financials

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

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Market cap$2.62B+145%
Enterprise value$2.6B+164%
P/S16.8×+8.6×

Profitability

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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×

Where this comes from

Calculated from GRAIL, Inc.’s reported figures.

Based on trailing twelve months.

The official record: GRAIL, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is GRAIL, Inc.'s operating margin?
GRAIL, Inc. (GRAL) reported operating margin of -348.7% in Q1 2026.
How has GRAIL, Inc.'s operating margin changed year-over-year?
GRAIL, Inc.'s operating margin increased by 78.5% year-over-year, from -1,618.3% to -348.7%.
What is the long-term trend for GRAIL, Inc.'s operating margin?
Over 3 years (2022 to 2025), GRAIL, Inc.'s operating margin has grown at a -66.1% compound annual growth rate (CAGR), from -9,798.2% to -382%.
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.