Guardant Health (GH) Operating Expenses (2017 - 2026)
Guardant Health's (GH) quarterly Operating Expenses came in at $464.1 million in Q2 2026, up 37.1% year-over-year from $338.5 million in Q2 2025, and up 9.71% quarter-over-quarter from $423.0 million in Q1 2026.
Analysis
Guardant Health (GH) Operating Expenses (2017 - 2026) Analysis & Trends
Guardant Health has disclosed Operating Expenses across 10 years of filings, most recently posting $464.1 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 37.1% year-over-year to $464.1 million; the TTM figure through Jun 2026 stood at $1.7 billion (up 28.21% YoY), while the FY2025 annual figure was $1.4 billion, up 20.01% from the prior year.
- Operating Expenses came in at $464.1 million for Q2 2026 at Guardant Health, up from $423.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $464.1 million in Q2 2026 to a low of $219.4 million in Q1 2022.
- Average Operating Expenses over 5 years is $311.8 million, with a median of $293.3 million recorded in 2024.
- Year-over-year, Operating Expenses fell 7.03% in 2024 and surged 37.1% in 2026.
- Over 5 years, Operating Expenses stood at $273.0 million in 2022, then climbed by 29.14% to $352.6 million in 2023, then declined by 7.03% to $327.8 million in 2024, then advanced by 22.67% to $402.1 million in 2025, then increased by 15.43% to $464.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $464.1 million in Q2 2026, $423.0 million in Q1 2026, and $402.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 49.39 Bn | 48.29 Bn | 486.15 Mn | 828.54 Mn |
| 2 | Quest Diagnostics | 27.49 Bn | 26.86 Bn | 1.03 Bn | 2.58 Bn |
| 3 | Labcorp Holdings | 26.51 Bn | 26.37 Bn | 1.11 Bn | 582.30 Mn |
| 4 | Guardant Health | 23.17 Bn | 22.12 Bn | 219.03 Mn | 464.10 Mn |
| 5 | Tempus AI | 12.59 Bn | 11.77 Bn | 274.25 Mn | 458.40 Mn |
| 6 | Caris Life Sciences | 8.01 Bn | 7.22 Bn | 182.38 Mn | 236.79 Mn |
| 7 | Sotera Health | 5.53 Bn | 5.17 Bn | 177.96 Mn | 68.16 Mn |
| 8 | BillionToOne | 4.80 Bn | 4.25 Bn | 77.11 Mn | 71.60 Mn |
| 9 | Adaptive Biotechnologies | 4.40 Bn | 4.05 Bn | 51.39 Mn | 87.32 Mn |
| 10 | iRhythm Holdings | 3.68 Bn | 3.08 Bn | 163.21 Mn | 165.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 464.10 Mn |
| Mar 31, 2026 | 423.02 Mn |
| Dec 31, 2025 | 402.07 Mn |
| Sep 30, 2025 | 364.19 Mn |
| Jun 30, 2025 | 338.50 Mn |
| Mar 31, 2025 | 314.51 Mn |
| Dec 31, 2024 | 327.78 Mn |
| Sep 30, 2024 | 308.80 Mn |
| Jun 30, 2024 | 277.85 Mn |
| Mar 31, 2024 | 268.17 Mn |
| Dec 31, 2023 | 352.57 Mn |
| Sep 30, 2023 | 256.57 Mn |
| Jun 30, 2023 | 256.77 Mn |
| Mar 31, 2023 | 262.77 Mn |
| Dec 31, 2022 | 273.01 Mn |
| Sep 30, 2022 | 262.00 Mn |
| Jun 30, 2022 | 239.47 Mn |
| Mar 31, 2022 | 219.44 Mn |
| Dec 31, 2021 | 206.32 Mn |
| Sep 30, 2021 | 202.07 Mn |