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| 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 |