Guardant Health (GH) Research & Development (2017 - 2026)

Guardant Health (GH) posted Research & Development of $91.0 million for Q1 2026, down 7.35% sequentially from $98.3 million in Q4 2025, and up 2.84% YoY from $88.5 million in Q1 2025.

Guardant Health (GH) Research & Development (2017 - 2026) Analysis & Trends

Guardant Health (GH) has 10 years of Research & Development data on file, last reported at $91.0 million in Q1 2026.

  • Quarterly Research & Development rose 2.84% year-over-year to $91.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $366.7 million (up 4.04% YoY) and the FY2025 annual result came in at $364.2 million, up 4.73% from the prior year.
  • Research & Development retreated to $91.0 million in Q1 2026 per GH's latest filing, from $98.3 million in the prior quarter.
  • The five-year high for Research & Development was $106.6 million in Q4 2022, with the low at $81.8 million in Q1 2022.
  • Average Research & Development over 5 years is $90.8 million, with a median of $90.0 million recorded in 2025.
  • Year-over-year, Research & Development surged 47.29% in 2022 and slipped 15.69% in 2023.
  • Guardant Health's Research & Development stood at $106.6 million in 2022, then declined by 15.69% to $89.9 million in 2023, then gained by 4.1% to $93.5 million in 2024, then climbed by 5.05% to $98.3 million in 2025, then slipped by 7.35% to $91.0 million in 2026.
  • Business Quant data shows GH's Research & Development at $91.0 million in Q1 2026, $98.3 million in Q4 2025, and $90.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 96.00 Mn
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 336.00 Mn
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 387.00 Mn
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 65.79 Mn
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 210.70 Mn
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 126.00 Mn
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn -
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 240.00 Mn
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 51.28 Mn
10 Guardant Health 22.42 Bn 21.31 Bn 196.75 Mn 91.04 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 91.04 Mn
Dec 31, 2025 98.26 Mn
Sep 30, 2025 89.96 Mn
Jun 30, 2025 87.45 Mn
Mar 31, 2025 88.52 Mn
Dec 31, 2024 93.54 Mn
Sep 30, 2024 87.31 Mn
Jun 30, 2024 83.10 Mn
Mar 31, 2024 83.80 Mn
Dec 31, 2023 89.86 Mn
Sep 30, 2023 93.85 Mn
Jun 30, 2023 90.36 Mn
Mar 31, 2023 93.13 Mn
Dec 31, 2022 106.58 Mn
Sep 30, 2022 100.02 Mn
Jun 30, 2022 85.46 Mn
Mar 31, 2022 81.76 Mn
Dec 31, 2021 73.02 Mn
Sep 30, 2021 70.97 Mn
Jun 30, 2021 63.72 Mn