Guardant Health (GH) Research & Development (2017 - 2026)
Guardant Health's (GH) quarterly Research & Development came in at $190.0 million in Q2 2026, up 58.84% year-over-year from $119.6 million in Q2 2025, and up 12.31% quarter-over-quarter from $169.1 million in Q1 2026.
Analysis
Guardant Health (GH) Research & Development (2017 - 2026) Analysis & Trends
Guardant Health has disclosed Research & Development across 10 years of filings, most recently posting $190.0 million for Q2 2026.
- In Q2 2026, Research & Development rose 58.84% year-over-year to $190.0 million; the TTM figure through Jun 2026 stood at $629.8 million (up 47.66% YoY), while the FY2025 annual figure was $494.7 million, up 35.55% from the prior year.
- Research & Development came in at $190.0 million for Q2 2026 at Guardant Health, up from $169.1 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $190.0 million in Q2 2026 to a low of $81.8 million in Q1 2022.
- Average Research & Development over 5 years is $109.1 million, with a median of $98.9 million recorded in 2022.
- Year-over-year, Research & Development fell 15.69% in 2023 and soared 62.13% in 2026.
- Over 5 years, Research & Development stood at $106.6 million in 2022, then decreased by 15.69% to $89.9 million in 2023, then grew by 16.59% to $104.8 million in 2024, then surged by 36.86% to $143.4 million in 2025, then soared by 32.48% to $190.0 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $190.0 million in Q2 2026, $169.1 million in Q1 2026, and $143.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 49.39 Bn | 48.29 Bn | 486.15 Mn | 228.07 Mn |
| 2 | Quest Diagnostics | 27.49 Bn | 26.86 Bn | 1.03 Bn | - |
| 3 | Labcorp Holdings | 26.51 Bn | 26.37 Bn | 1.11 Bn | - |
| 4 | Guardant Health | 23.17 Bn | 22.12 Bn | 219.03 Mn | 189.95 Mn |
| 5 | Tempus AI | 12.59 Bn | 11.77 Bn | 274.25 Mn | 52.64 Mn |
| 6 | Caris Life Sciences | 8.01 Bn | 7.22 Bn | 182.38 Mn | 53.76 Mn |
| 7 | Sotera Health | 5.53 Bn | 5.17 Bn | 177.96 Mn | - |
| 8 | BillionToOne | 4.80 Bn | 4.25 Bn | 77.11 Mn | 17.32 Mn |
| 9 | Adaptive Biotechnologies | 4.40 Bn | 4.05 Bn | 51.39 Mn | 26.41 Mn |
| 10 | iRhythm Holdings | 3.68 Bn | 3.08 Bn | 163.21 Mn | 19.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 189.95 Mn |
| Mar 31, 2026 | 169.13 Mn |
| Dec 31, 2025 | 143.38 Mn |
| Sep 30, 2025 | 127.38 Mn |
| Jun 30, 2025 | 119.59 Mn |
| Mar 31, 2025 | 104.32 Mn |
| Dec 31, 2024 | 104.76 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 | 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 |