Grail (GRAL) Research & Development (2023 - 2026)
Grail (GRAL) reported Research & Development of $48.0 million for Q1 2026, down 10.45% on a YoY basis from $53.6 million in Q1 2025, and up 2.4% quarter-over-quarter from $46.9 million in Q4 2025.
Grail (GRAL) Research & Development (2023 - 2026) Analysis & Trends
Grail has reported Research & Development for 4 years, with the latest figure at $48.0 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 10.45% year-over-year to $48.0 million; the trailing twelve-month figure through Mar 2026 stood at $190.2 million (down 30.68% YoY), and the FY2025 full-year result was $195.8 million, down 39.27% from the prior year.
- Research & Development for Q1 2026 stood at $48.0 million, up from $46.9 million in the prior quarter.
- The five-year high for Research & Development was $323.2 million in Q4 2023, with the low at $4.5 million in Q4 2023.
- Historically, Research & Development has averaged $75.0 million across 4 years, with a median of $48.5 million in 2024.
- The largest YoY upside for Research & Development was 1624.29% in 2024 against a maximum downside of 85.05% in 2024.
- Grail's Research & Development stood at $323.2 million in 2023, then sank by 85.05% to $48.3 million in 2024, then dropped by 2.96% to $46.9 million in 2025, then advanced by 2.4% to $48.0 million in 2026.
- The last three Research & Development figures came in at $48.0 million (Q1 2026), $46.9 million (Q4 2025), and $48.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 96.00 Mn |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 336.00 Mn |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 387.00 Mn |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 65.79 Mn |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 126.00 Mn |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | - |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | 210.70 Mn |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 240.00 Mn |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 51.28 Mn |
| 10 | Grail | 2.49 Bn | 2.49 Bn | 10.12 Mn | 48.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 48.02 Mn |
| Dec 31, 2025 | 46.90 Mn |
| Sep 30, 2025 | 48.65 Mn |
| Jun 30, 2025 | 46.63 Mn |
| Mar 31, 2025 | 53.63 Mn |
| Dec 31, 2024 | 48.33 Mn |
| Sep 30, 2024 | 78.23 Mn |
| Jun 30, 2024 | 94.20 Mn |
| Mar 31, 2024 | 101.63 Mn |
| Dec 31, 2023 | 323.24 Mn |
| Oct 1, 2023 | 4.54 Mn |
| Jun 30, 2023 | 6.39 Mn |