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

Grail (GRAL) Operating Expenses (2023 - 2026)

Grail's (GRAL) quarterly Operating Expenses came in at $218.5 million in Q2 2026, up 12.38% on a YoY basis from $194.4 million in Q2 2025, and up 23.74% quarter-over-quarter from $176.5 million in Q1 2026.

Analysis

Grail (GRAL) Operating Expenses (2023 - 2026) Analysis & Trends

Grail (GRAL) has reported Operating Expenses for 4 consecutive years, with $218.5 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 12.38% year-over-year to $218.5 million; the trailing twelve-month figure through Jun 2026 stood at $724.5 million (down 5.56% YoY), and the FY2025 full-year result was $709.3 million, down 69.36% from the prior year.
  • Operating Expenses improved to $218.5 million in Q2 2026 per GRAL's latest filing, from $176.5 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.7 billion in Q2 2024 and bottomed at $161.5 million in Q3 2025.
  • Historically, Operating Expenses has averaged $369.5 million across 4 years, with a median of $212.2 million in 2024.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 637.83% in 2024, then sank 88.38% in 2025.
  • Over 4 years, Operating Expenses stood at $224.9 million in 2023, then decreased by 22.11% to $175.2 million in 2024, then fell by 4.1% to $168.0 million in 2025, then surged by 30.04% to $218.5 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $218.5 million, $176.5 million, and $168.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Natera 53.05 Bn 51.95 Bn 486.15 Mn 828.54 Mn
2 Quest Diagnostics 27.19 Bn 26.87 Bn 1.03 Bn 2.58 Bn
3 Labcorp Holdings 25.93 Bn 25.81 Bn 1.11 Bn 582.30 Mn
4 Guardant Health 23.97 Bn 22.91 Bn 219.03 Mn 464.10 Mn
5 Tempus AI 13.64 Bn 12.82 Bn 274.25 Mn 458.40 Mn
6 Caris Life Sciences 8.47 Bn 7.68 Bn 182.38 Mn 236.79 Mn
7 Sotera Health 5.35 Bn 4.99 Bn 177.96 Mn 68.16 Mn
8 BillionToOne 4.96 Bn 4.41 Bn 77.11 Mn 71.60 Mn
9 Adaptive Biotechnologies 4.55 Bn 4.21 Bn 51.39 Mn 87.32 Mn
10 Grail 3.61 Bn 2.75 Bn 21.34 Mn 218.47 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 218.47 Mn
Mar 31, 2026 176.55 Mn
Dec 31, 2025 168.01 Mn
Sep 30, 2025 161.49 Mn
Jun 30, 2025 194.40 Mn
Mar 31, 2025 185.44 Mn
Dec 31, 2024 175.19 Mn
Sep 30, 2024 212.16 Mn
Jun 30, 2024 1.67 Bn
Mar 31, 2024 254.14 Mn
Dec 31, 2023 224.92 Mn
Oct 1, 2023 933.11 Mn
Jun 30, 2023 226.78 Mn