Grail (GRAL) Operating Income (2023 - 2026)
Grail (GRAL) reported Operating Income of -$135.8 million for Q1 2026, up 11.62% on a YoY basis from -$121.6 million in Q1 2025, and down 9.13% quarter-over-quarter from -$124.4 million in Q4 2025.
Grail (GRAL) Operating Income (2023 - 2026) Analysis & Trends
Grail has reported Operating Income for 4 years, with the latest figure at -$135.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Income rose 11.62% year-over-year to -$135.8 million; the trailing twelve-month figure through Mar 2026 stood at -$544.3 million (up 74.27% YoY), and the FY2025 full-year result was -$562.2 million, up 74.32% from the prior year.
- Operating Income for Q1 2026 stood at -$135.8 million, down from -$124.4 million in the prior quarter.
- The five-year high for Operating Income was -$124.4 million in Q4 2025, with the low at -$1.6 billion in Q2 2024.
- Historically, Operating Income has averaged -$349.9 million across 4 years, with a median of -$171.2 million in 2024.
- Annual changes were most pronounced in 2024 — Operating Income sank 703.11% — and 2025, when it jumped 90.32%.
- Grail's Operating Income 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 Operating Income figures came in at -$135.8 million (Q1 2026), -$124.4 million (Q4 2025), and -$125.3 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 30,529.42 Bn | 30,528.96 Bn | 1.11 Bn | -47.00 Mn |
| 2 | Thermo Fisher Scientific | 183.75 Bn | 180.50 Bn | 7.74 Bn | 1.86 Bn |
| 3 | Danaher | 133.13 Bn | 127.43 Bn | 3.59 Bn | 1.34 Bn |
| 4 | Idexx Laboratories | 46.14 Bn | 45.94 Bn | 722.74 Mn | 362.59 Mn |
| 5 | Agilent Technologies | 38.20 Bn | 36.39 Bn | 990.00 Mn | 399.00 Mn |
| 6 | Natera | 31.50 Bn | 30.40 Bn | 696.04 Mn | -93.52 Mn |
| 7 | Iqvia Holdings | 31.34 Bn | 29.36 Bn | 1.36 Bn | 514.00 Mn |
| 8 | Illumina | 24.51 Bn | 23.36 Bn | 721.00 Mn | 209.00 Mn |
| 9 | Mettler Toledo International | 23.53 Bn | 23.47 Bn | 555.82 Mn | 238.95 Mn |
| 10 | Grail | 2.47 Bn | 2.47 Bn | 10.12 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 |