Grail (GRAL) Cost of Revenue (2023 - 2026)
Grail's (GRAL) quarterly Cost of Revenue came in at $23.3 million in Q2 2026, up 20.68% on a YoY basis from $19.3 million in Q2 2025, and up 9.9% quarter-over-quarter from $21.2 million in Q1 2026.
Analysis
Grail (GRAL) Cost of Revenue (2023 - 2026) Analysis & Trends
Grail (GRAL) has reported Cost of Revenue for 4 consecutive years, with $23.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 20.68% year-over-year to $23.3 million; the trailing twelve-month figure through Jun 2026 stood at $79.8 million (up 13.67% YoY), and the FY2025 full-year result was $73.3 million, up 15.75% from the prior year.
- Cost of Revenue advanced to $23.3 million in Q2 2026 per GRAL's latest filing, from $21.2 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $42.2 million in Q4 2023 and bottomed at $8.9 million in Q2 2023.
- Historically, Cost of Revenue has averaged $18.5 million across 4 years, with a median of $16.5 million in 2024.
- The widest YoY moves for Cost of Revenue: up 77.17% in 2024, down 57.77% in 2024.
- Over 4 years, Cost of Revenue stood at $42.2 million in 2023, then plunged by 57.77% to $17.8 million in 2024, then declined by 10.63% to $15.9 million in 2025, then surged by 46.74% to $23.3 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $23.3 million, $21.2 million, and $15.9 million for Q2 2026, Q1 2026, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 53.05 Bn | 51.95 Bn | 486.15 Mn | 266.60 Mn |
| 2 | Quest Diagnostics | 27.19 Bn | 26.87 Bn | 1.03 Bn | 2.02 Bn |
| 3 | Labcorp Holdings | 25.93 Bn | 25.81 Bn | 1.11 Bn | 2.62 Bn |
| 4 | Guardant Health | 23.97 Bn | 22.91 Bn | 219.03 Mn | 115.95 Mn |
| 5 | Tempus AI | 13.64 Bn | 12.82 Bn | 274.25 Mn | 108.23 Mn |
| 6 | Caris Life Sciences | 8.47 Bn | 7.68 Bn | 182.38 Mn | 81.33 Mn |
| 7 | Sotera Health | 5.35 Bn | 4.99 Bn | 177.96 Mn | 143.41 Mn |
| 8 | BillionToOne | 4.96 Bn | 4.41 Bn | 77.11 Mn | 32.34 Mn |
| 9 | Adaptive Biotechnologies | 4.55 Bn | 4.21 Bn | 51.39 Mn | 20.17 Mn |
| 10 | Grail | 3.61 Bn | 2.75 Bn | 21.34 Mn | 23.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.35 Mn |
| Mar 31, 2026 | 21.24 Mn |
| Sep 30, 2025 | 15.91 Mn |
| Jun 30, 2025 | 19.35 Mn |
| Mar 31, 2025 | 17.12 Mn |
| Dec 31, 2024 | 17.80 Mn |
| Sep 30, 2024 | 15.97 Mn |
| Jun 30, 2024 | 15.79 Mn |
| Mar 31, 2024 | 13.72 Mn |
| Dec 31, 2023 | 42.16 Mn |
| Oct 1, 2023 | 10.82 Mn |
| Jun 30, 2023 | 8.91 Mn |