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

Guardant Health (GH) posted Research & Development of $190.0 million for Q2 2026, up 12.31% sequentially from $169.1 million in Q1 2026, and up 58.84% YoY from $119.6 million in Q2 2025.

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

Guardant Health has reported Research & Development for 10 years, with the latest figure at $190.0 million in Q2 2026.

  • Quarterly Research & Development rose 58.84% year-over-year to $190.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $629.8 million (up 47.66% YoY) and the FY2025 annual result came in at $494.7 million, up 35.55% from the prior year.
  • Research & Development improved to $190.0 million in Q2 2026 per GH's latest filing, from $169.1 million in the prior quarter.
  • Over five years, Research & Development peaked at $190.0 million in Q2 2026 and troughed at $81.8 million in Q1 2022.
  • A 5-year average of $109.1 million and a median of $98.9 million in 2022 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2023 and 2026: Research & Development retreated 15.69% in 2023, then jumped 62.13% in 2026.
  • Over 5 years, Research & Development stood at $106.6 million in 2022, then dropped by 15.69% to $89.9 million in 2023, then rose by 16.59% to $104.8 million in 2024, then jumped by 36.86% to $143.4 million in 2025, then surged by 32.48% to $190.0 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $190.0 million, $169.1 million, and $143.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Thermo Fisher Scientific 213.77 Bn 209.71 Bn 8.34 Bn 364.00 Mn
2 Danaher 139.78 Bn 135.43 Bn 3.61 Bn 412.00 Mn
3 Idexx Laboratories 46.04 Bn 45.85 Bn 779.09 Mn 171.28 Mn
4 Agilent Technologies 39.68 Bn 37.88 Bn 990.00 Mn 126.00 Mn
5 Iqvia Holdings 39.34 Bn 37.26 Bn 1.44 Bn -
6 Natera 38.75 Bn 37.65 Bn 696.04 Mn 210.70 Mn
7 Illumina 29.90 Bn 28.73 Bn 770.00 Mn 252.00 Mn
8 Mettler Toledo International 28.58 Bn 28.53 Bn 650.22 Mn 52.99 Mn
9 Quest Diagnostics 26.18 Bn 25.55 Bn 1.03 Bn -
10 Guardant Health 21.64 Bn 20.59 Bn 219.03 Mn 189.95 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 189.95 Mn
Mar 31, 2026 91.04 Mn
Dec 31, 2025 143.38 Mn
Sep 30, 2025 127.38 Mn
Jun 30, 2025 119.59 Mn
Mar 31, 2025 88.52 Mn
Dec 31, 2024 110.73 Mn
Sep 30, 2024 97.88 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 76.12 Mn
Dec 31, 2022 155.40 Mn
Sep 30, 2022 80.37 Mn
Jun 30, 2022 73.60 Mn
Mar 31, 2022 81.76 Mn
Dec 31, 2021 73.02 Mn
Sep 30, 2021 70.97 Mn