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| Date | Value |
|---|---|
| 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 |