Grail (GRAL) EBITDA (2023 - 2026)
Grail's (GRAL) quarterly EBITDA came in at -$135.8 million in Q1 2026, up 11.62% YoY from -$121.6 million in Q1 2025, and down 9.13% on a QoQ basis from -$124.4 million in Q4 2025.
Grail (GRAL) EBITDA (2023 - 2026) Analysis & Trends
Grail (GRAL) has 4 years of EBITDA data on file, last reported at -$135.8 million in Q1 2026.
- Quarterly EBITDA rose 11.62% year-over-year to -$135.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$544.3 million (up 74.27% YoY) and the FY2025 annual result came in at -$562.2 million, up 74.32% from the prior year.
- EBITDA declined to -$135.8 million in Q1 2026, from -$124.4 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of -$124.4 million in Q4 2025 to a low of -$1.6 billion in Q2 2024.
- A 4-year average of -$349.9 million and a median of -$171.2 million in 2024 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2024 — EBITDA sank 703.11% — and 2025, when it jumped 90.32%.
- Tracing GRAL's EBITDA over 4 years: stood at -$194.6 million in 2023, then increased by 29.63% to -$136.9 million in 2024, then increased by 9.15% to -$124.4 million in 2025, then fell by 9.13% to -$135.8 million in 2026.
- The last three EBITDA figures came in at -$135.8 million (Q1 2026), -$124.4 million (Q4 2025), and -$125.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.77 Bn | 209.71 Bn | 8.34 Bn | 2.09 Bn |
| 2 | Danaher | 139.78 Bn | 135.43 Bn | 3.61 Bn | 1.13 Bn |
| 3 | Idexx Laboratories | 46.04 Bn | 45.85 Bn | 779.09 Mn | 425.57 Mn |
| 4 | Agilent Technologies | 39.68 Bn | 37.88 Bn | 990.00 Mn | 399.00 Mn |
| 5 | Iqvia Holdings | 39.34 Bn | 37.26 Bn | 1.44 Bn | 506.00 Mn |
| 6 | Natera | 38.75 Bn | 37.65 Bn | 696.04 Mn | -93.52 Mn |
| 7 | Illumina | 29.90 Bn | 28.73 Bn | 770.00 Mn | 245.00 Mn |
| 8 | Mettler Toledo International | 28.58 Bn | 28.53 Bn | 650.22 Mn | 328.45 Mn |
| 9 | Quest Diagnostics | 26.18 Bn | 25.55 Bn | 1.03 Bn | 459.00 Mn |
| 10 | Grail | 3.01 Bn | 2.19 Bn | 19.54 Mn | -135.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -135.77 Mn |
| Dec 31, 2025 | -124.41 Mn |
| Sep 30, 2025 | -125.29 Mn |
| Jun 30, 2025 | -158.85 Mn |
| Mar 31, 2025 | -153.61 Mn |
| Dec 31, 2024 | -136.94 Mn |
| Sep 30, 2024 | -183.51 Mn |
| Jun 30, 2024 | -1.64 Bn |
| Mar 31, 2024 | -227.42 Mn |
| Dec 31, 2023 | -194.59 Mn |
| Oct 1, 2023 | -912.39 Mn |
| Jun 30, 2023 | -204.37 Mn |