Grail (GRAL) Cost of Revenue (2023 - 2026)
Grail (GRAL) recorded Cost of Revenue of $23.78 million in Q2 2026, up 19.8% from $19.85 million a year earlier and up 10.0% from the prior quarter.
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Analysis
Grail (GRAL) Cost of Revenue (2023 - 2026) Analysis & Trends
On a TTM basis, Grail's Cost of Revenue came in at $81.7 million as of Jun 30, 2026, up 7.1% year-over-year; for FY2025, it came in at $75.86 million, up 8.8% from FY2024.
- Annual Cost of Revenue has increased for three straight years, with a three-year compound annual growth rate of 25.8% (FY2022 to FY2025).
- Across earlier years, Cost of Revenue came in at $69.73 million in FY2024 (+27.2%), $54.83 million in FY2023 (+43.9%) and $38.11 million in FY2022.
- The Q2 2026 figure is the highest quarterly Cost of Revenue since Q4 2023.
- On a year-over-year basis, Cost of Revenue rose in five of the last seven quarters, with growth averaging 11.1%.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 84.1% in Q2 2024, against a decline of 57.7% in Q4 2024 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 100.89 Bn | 96.90 Bn | - | - |
| 2 | Natera | 56.39 Bn | 52.08 Bn | 485.19 Mn | 267.56 Mn |
| 3 | Quest Diagnostics | 26.08 Bn | 24.21 Bn | 1.03 Bn | 2.02 Bn |
| 4 | Labcorp Holdings | 26.01 Bn | 23.76 Bn | 1.11 Bn | 2.62 Bn |
| 5 | Tenet Healthcare | 22.37 Bn | 11.38 Bn | - | - |
| 6 | Guardant Health | 21.03 Bn | 17.09 Bn | 219.03 Mn | 115.95 Mn |
| 7 | Fresenius Medical Care AG | 12.90 Bn | 4.86 Bn | 1.52 Bn | 4.13 Bn |
| 8 | Encompass Health | 12.62 Bn | 12.28 Bn | - | - |
| 9 | BrightSpring Health Services | 12.53 Bn | 10.86 Bn | 492.75 Mn | 271.40 Mn |
| 10 | Grail | 5.08 Bn | 1.95 Bn | 20.91 Mn | 23.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.78 Mn |
| Mar 31, 2026 | 21.62 Mn |
| Sep 30, 2025 | 16.45 Mn |
| Jun 30, 2025 | 19.85 Mn |
| Mar 31, 2025 | 18.29 Mn |
| Dec 31, 2024 | 20.75 Mn |
| Sep 30, 2024 | 17.41 Mn |
| Jun 30, 2024 | 16.41 Mn |
| Mar 31, 2024 | 15.16 Mn |
| Dec 31, 2023 | 49.02 Mn |
| Oct 1, 2023 | 10.82 Mn |
| Jun 30, 2023 | 8.91 Mn |
API Access
Grail Cost of Revenue 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=cost-of-revenue&ticker=GRAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "GRAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=GRAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();