Grail (GRAL) Research & Development (2023 - 2026)
Grail (GRAL) reported Research & Development of $47.43 million for Q2 2026, up 1.7% from $46.63 million a year earlier but down 1.2% from the prior quarter.
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Analysis
Grail (GRAL) Research & Development (2023 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Grail's Research & Development came in at $190.72 million, down 15.9% year-over-year; for FY2025, it was $195.79 million, down 39.3% from FY2024.
- Research & Development has a three-year compound annual growth rate of -15.9% (FY2022 to FY2025).
- By year, Research & Development came in at $322.38 million in FY2024 (-4.8%), $338.75 million in FY2023 (+2.8%) and $329.58 million in FY2022.
- Five-year quarterly Research & Development spans a low of $46.63 million in Q2 2025 and a high of $323.24 million in Q4 2023.
- Year over year, Research & Development gained in 1 of the last seven quarters, with an average decline of 33.1%.
- The high point for year-over-year Research & Development in five years was Q2 2024 (growth of 6.2%); the low point was Q4 2024 (a decline of 85.0%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.69 Bn | 104.79 Bn | - | - |
| 2 | Natera | 52.45 Bn | 48.13 Bn | 485.19 Mn | 228.07 Mn |
| 3 | Labcorp Holdings | 29.57 Bn | 27.66 Bn | 1.11 Bn | - |
| 4 | Quest Diagnostics | 27.91 Bn | 25.68 Bn | 1.04 Bn | - |
| 5 | Tenet Healthcare | 22.86 Bn | 12.17 Bn | - | - |
| 6 | Guardant Health | 20.51 Bn | 16.58 Bn | 219.03 Mn | 96.53 Mn |
| 7 | Encompass Health | 13.84 Bn | 13.48 Bn | - | - |
| 8 | BrightSpring Health Services | 13.64 Bn | 11.40 Bn | 518.55 Mn | - |
| 9 | Tempus AI | 12.73 Bn | 9.88 Bn | 266.70 Mn | 46.00 Mn |
| 10 | Grail | 5.32 Bn | 2.19 Bn | 20.91 Mn | 47.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.43 Mn |
| Mar 31, 2026 | 48.02 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 | 80.08 Mn |
| Jun 30, 2023 | 88.71 Mn |
API Access
Grail Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=GRAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "GRAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=GRAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();