Grail (GRAL) Research & Development (2023 - 2026)

Grail (GRAL) posted Research & Development of $48.0 million for Q1 2026, up 2.4% quarter-over-quarter from $46.9 million in Q4 2025, and down 10.45% year-on-year from $53.6 million in Q1 2025.

Grail (GRAL) Research & Development (2023 - 2026) Analysis & Trends

Grail (GRAL) has reported Research & Development for 4 consecutive years, with $48.0 million the latest figure, recorded in Q1 2026.

  • Research & Development for Q1 2026 came in at $48.0 million, down 10.45% year-over-year; the trailing twelve-month figure through Mar 2026 was $190.2 million (down 30.68% YoY), and the FY2025 annual result was $195.8 million, down 39.27% from the prior year.
  • Research & Development was $48.0 million for Q1 2026 at Grail, up from $46.9 million in the prior quarter.
  • Over five years, Research & Development peaked at $323.2 million in Q4 2023 and troughed at $4.5 million in Q4 2023.
  • Average Research & Development over 4 years is $75.0 million, with a median of $48.5 million recorded in 2024.
  • The widest YoY moves for Research & Development: up 1624.29% in 2024, down 85.05% in 2024.
  • Over 4 years, Research & Development stood at $323.2 million in 2023, then plunged by 85.05% to $48.3 million in 2024, then retreated by 2.96% to $46.9 million in 2025, then increased by 2.4% to $48.0 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $48.0 million in Q1 2026, $46.9 million in Q4 2025, and $48.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 96.00 Mn
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 336.00 Mn
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 387.00 Mn
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 65.79 Mn
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 210.70 Mn
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 126.00 Mn
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn -
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 240.00 Mn
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 51.28 Mn
10 Grail 2.77 Bn 1.94 Bn 10.12 Mn 48.02 Mn

Historic Data

Download Data
DateValue
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