Grail (GRAL) Cost of Revenue (2023 - 2026)
Grail (GRAL) posted Cost of Revenue of $30.7 million for Q1 2026, up 10.83% quarter-over-quarter from $27.7 million in Q4 2025, and down 12.32% year-on-year from $35.0 million in Q1 2025.
Grail (GRAL) Cost of Revenue (2023 - 2026) Analysis & Trends
Grail (GRAL) has reported Cost of Revenue for 4 consecutive years, with $30.7 million the latest figure, recorded in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $30.7 million, down 12.32% year-over-year; the trailing twelve-month figure through Mar 2026 was $112.4 million (down 20.92% YoY), and the FY2025 annual result was $116.7 million, down 24.2% from the prior year.
- Cost of Revenue was $30.7 million for Q1 2026 at Grail, up from $27.7 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $162.3 million in Q4 2023 and troughed at $25.5 million in Q3 2025.
- Average Cost of Revenue over 4 years is $45.1 million, with a median of $35.3 million recorded in 2024.
- The widest YoY moves for Cost of Revenue: up 0.62% in 2024, down 81.19% in 2024.
- Over 4 years, Cost of Revenue stood at $162.3 million in 2023, then sank by 81.19% to $30.5 million in 2024, then fell by 9.35% to $27.7 million in 2025, then grew by 10.83% to $30.7 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $30.7 million in Q1 2026, $27.7 million in Q4 2025, and $25.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 155.00 Mn |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 3.26 Bn |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 2.36 Bn |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 175.25 Mn |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | 608,000.00 |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 845.00 Mn |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 2.80 Bn |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 370.00 Mn |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 118.74 Mn |
| 10 | Grail | 2.77 Bn | 1.94 Bn | 10.12 Mn | 30.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.67 Mn |
| Mar 31, 2026 | 30.67 Mn |
| Dec 31, 2025 | 27.67 Mn |
| Dec 31, 2025 | 27.67 Mn |
| Sep 30, 2025 | 25.50 Mn |
| Sep 30, 2025 | 25.50 Mn |
| Jun 30, 2025 | 28.54 Mn |
| Jun 30, 2025 | 28.54 Mn |
| Mar 31, 2025 | 34.98 Mn |
| Mar 31, 2025 | 34.98 Mn |
| Dec 31, 2024 | 30.53 Mn |
| Dec 31, 2024 | 30.53 Mn |
| Sep 30, 2024 | 35.63 Mn |
| Sep 30, 2024 | 35.63 Mn |
| Jun 30, 2024 | 40.99 Mn |
| Jun 30, 2024 | 40.99 Mn |
| Mar 31, 2024 | 46.82 Mn |
| Mar 31, 2024 | 46.82 Mn |
| Dec 31, 2023 | 162.29 Mn |
| Dec 31, 2023 | 162.29 Mn |