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

Guardant Health's (GH) quarterly Research & Development came in at $91.0 million in Q1 2026, up 2.84% year-on-year from $88.5 million in Q1 2025, and down 7.35% quarter-over-quarter from $98.3 million in Q4 2025.

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

Guardant Health has disclosed Research & Development across 10 years of filings, most recently posting $91.0 million for Q1 2026.

  • Research & Development for Q1 2026 came in at $91.0 million, up 2.84% year-over-year; the trailing twelve-month figure through Mar 2026 was $366.7 million (up 4.04% YoY), and the FY2025 annual result was $364.2 million, up 4.73% from the prior year.
  • Research & Development came in at $91.0 million for Q1 2026 at Guardant Health, down from $98.3 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $106.6 million in Q4 2022 to a low of $81.8 million in Q1 2022.
  • The 5-year median for Research & Development is $90.0 million (2025), against an average of $90.8 million.
  • Across the five-year window, Research & Development jumped 47.29% in 2022 and declined 15.69% in 2023, its largest moves.
  • Guardant Health's Research & Development stood at $106.6 million in 2022, then decreased by 15.69% to $89.9 million in 2023, then grew by 4.1% to $93.5 million in 2024, then rose by 5.05% to $98.3 million in 2025, then fell by 7.35% to $91.0 million in 2026.
  • The last three Research & Development figures came in at $91.0 million (Q1 2026), $98.3 million (Q4 2025), and $90.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn 96.00 Mn
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 336.00 Mn
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 387.00 Mn
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 65.79 Mn
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 126.00 Mn
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn -
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn 210.70 Mn
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 240.00 Mn
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 51.28 Mn
10 Guardant Health 16.38 Bn 15.28 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