Guardant Health (GH) Research & Development (2017 - 2026)
Guardant Health (GH) posted Research & Development of $96.53 million for Q2 2026, up 10.4% from $87.45 million a year earlier and up 6.0% from the prior quarter.
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Analysis
Guardant Health (GH) Research & Development (2017 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Guardant Health was $375.79 million, up 5.3% year-over-year; for FY2025, it came in at $364.19 million, up 4.7% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of 19.4% (FY2020 to FY2025).
- In prior years, Guardant Health's Research & Development was $347.75 million in FY2024 (-5.3%), $367.19 million in FY2023 (-1.8%), $373.81 million in FY2022 (+42.0%) and $263.22 million in FY2021 (+75.6%).
- Quarterly Research & Development has run from a low of $70.97 million in Q3 2021 to a high of $106.58 million in Q4 2022 over five years.
- On a year-over-year basis, Research & Development has increased in each of the last seven quarters, with growth averaging 3.7% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q3 2021, with growth of 95.8%; the weakest was Q4 2023, with a decline of 15.7%.
- According to Business Quant data, Research & Development for the three prior quarters was $91.04 million (Q1 2026), $98.26 million (Q4 2025) and $89.96 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 103.27 Bn | 99.28 Bn | - | - |
| 2 | Natera | 57.26 Bn | 52.94 Bn | 485.19 Mn | 228.07 Mn |
| 3 | Labcorp Holdings | 25.94 Bn | 23.68 Bn | 1.11 Bn | - |
| 4 | Quest Diagnostics | 25.93 Bn | 24.06 Bn | 1.03 Bn | - |
| 5 | Tenet Healthcare | 22.63 Bn | 11.63 Bn | - | - |
| 6 | Guardant Health | 21.64 Bn | 17.70 Bn | 219.03 Mn | 96.53 Mn |
| 7 | BrightSpring Health Services | 13.00 Bn | 11.33 Bn | 492.75 Mn | - |
| 8 | Tempus AI | 12.45 Bn | 9.48 Bn | 246.50 Mn | 52.64 Mn |
| 9 | Fresenius Medical Care AG | 12.44 Bn | 4.40 Bn | 1.52 Bn | 46.06 Mn |
| 10 | Encompass Health | 12.44 Bn | 12.10 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 96.53 Mn |
| 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 |
API Access
Guardant Health Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=GH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "GH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=GH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();