Grail GRAL
NASDAQ GRAL
$80.77 +0.82 (+1.03%)
At close: Sep 18, 2026 · 4:00 PM EDT

Grail (GRAL) EBITDA (2023 - 2026)

Grail's (GRAL) quarterly EBITDA came in at -$173.8 million in Q2 2026, down 9.4% on a YoY basis from -$191.8 million in Q2 2025, and down 28.0% quarter-over-quarter from -$135.8 million in Q1 2026.

Analysis

Grail (GRAL) EBITDA (2023 - 2026) Analysis & Trends

Grail (GRAL) has reported EBITDA for 4 consecutive years, with -$173.8 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, EBITDA fell 9.4% year-over-year to -$173.8 million; the trailing twelve-month figure through Jun 2026 stood at -$559.2 million (up 11.64% YoY), and the FY2025 full-year result was -$562.2 million, up 74.32% from the prior year.
  • EBITDA eased to -$173.8 million in Q2 2026 per GRAL's latest filing, from -$135.8 million in the prior quarter.
  • Across five years, EBITDA topped out at -$124.4 million in Q4 2025 and bottomed at -$1.6 billion in Q2 2024.
  • Historically, EBITDA has averaged -$336.3 million across 4 years, with a median of -$173.8 million in 2026.
  • The sharpest annual moves came in 2024 and 2025: EBITDA slumped 703.11% in 2024, then surged 90.32% in 2025.
  • Over 4 years, EBITDA stood at -$194.6 million in 2023, then gained by 29.63% to -$136.9 million in 2024, then gained by 9.15% to -$124.4 million in 2025, then plunged by 39.68% to -$173.8 million in 2026.
  • According to Business Quant data, EBITDA over the past three periods registered -$173.8 million, -$135.8 million, and -$124.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Natera 53.05 Bn 51.95 Bn 486.15 Mn -75.79 Mn
2 Quest Diagnostics 27.19 Bn 26.87 Bn 1.03 Bn 459.00 Mn
3 Labcorp Holdings 25.93 Bn 25.81 Bn 1.11 Bn 451.60 Mn
4 Guardant Health 23.97 Bn 22.91 Bn 219.03 Mn -129.12 Mn
5 Tempus AI 13.64 Bn 12.82 Bn 274.25 Mn -75.91 Mn
6 Caris Life Sciences 8.47 Bn 7.68 Bn 182.38 Mn 26.93 Mn
7 Sotera Health 5.35 Bn 4.99 Bn 177.96 Mn 109.81 Mn
8 BillionToOne 4.96 Bn 4.41 Bn 77.11 Mn 5.50 Mn
9 Adaptive Biotechnologies 4.55 Bn 4.21 Bn 51.39 Mn -15.77 Mn
10 Grail 3.61 Bn 2.75 Bn 21.34 Mn -173.78 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -173.78 Mn
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