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
DateValue
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