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 | 234.15 Bn | 230.09 Bn | 8.34 Bn | 364.00 Mn |
| 2 | Danaher | 152.10 Bn | 147.75 Bn | 3.61 Bn | 412.00 Mn |
| 3 | Natera | 48.48 Bn | 47.38 Bn | 486.15 Mn | 228.07 Mn |
| 4 | Agilent Technologies | 44.35 Bn | 42.55 Bn | 990.00 Mn | 126.00 Mn |
| 5 | Iqvia Holdings | 43.68 Bn | 41.60 Bn | 1.44 Bn | - |
| 6 | Idexx Laboratories | 43.02 Bn | 42.83 Bn | 779.09 Mn | 171.28 Mn |
| 7 | Illumina | 34.39 Bn | 33.22 Bn | 770.00 Mn | 252.00 Mn |
| 8 | Mettler Toledo International | 28.29 Bn | 28.24 Bn | 650.22 Mn | 52.99 Mn |
| 9 | Labcorp Holdings | 27.51 Bn | 27.37 Bn | 1.11 Bn | - |
| 10 | Guardant Health | 22.38 Bn | 21.33 Bn | 219.03 Mn | 189.95 Mn |
Historic Data
Download 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 |