GRAL · NASDAQ · Medical - Diagnostics & Research

GRAIL

Developer of Galleri and targeted methylation tools for cancer detection.

$80.00
After-hours close−0.01 (−0.01%)
At close$80.01(−3.02%)
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Profile

GRAIL, Inc.GRALHealth Care

Sells Galleri, a physician-ordered blood test for multi-cancer early detection, and provides methylation-based development services to biopharmaceutical partners. Screening drives most revenue; the U.S.-centered business relies on certified laboratory operations, clinical evidence, FDA review, and broader reimbursement.

Markets Galleri, a physician-ordered blood test that screens for a signal shared by multiple cancers and predicts its likely origin. Screening-test sales produce most revenue, while a targeted methylation platform supports research-use classifiers and precision-oncology development services for biopharmaceutical partners. Tests are processed at a CAP-accredited, CLIA-certified laboratory in Durham, North Carolina.

Commercial activity remains centered in the United States, with limited partner-led access in other markets. Execution combines population-scale clinical studies, sequencing, machine-learning classifiers, laboratory automation, and physician-support workflows. Galleri is offered as a laboratory-developed test and is designed to complement recommended single-cancer screening; it is not FDA-approved, and its premarket approval application remains under review. Illumina is the sole supplier of sequencers and certain reagents, and related oncology revenue carries a continuing royalty obligation.

Company facts

CEOJoshua J. Ofman
ListedJun 12, 2024
ExchangeNASDAQ
HeadquartersMenlo Park, CA
CountryUnited States
Employees910
CIK0001699031
ISINUS3847471014

Key statistics

Market cap$3.43B
EPS (ttm)−$9.75
P/E (ttm)−8.21
ROE-15.9%
P/B1.36
P/S20.77
Dividend yield
Beta2.72vs XLV 0.63

Year to date −10.0% · Average volume (30d) 690.5K

Analysts

Price target, next 12 months$62.50−21.9%Median of 7 analysts · vs the Aug 28 close
ConsensusBuy4 of 7 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionRatingPrior targetTarget
Jul 15, 2026Mizuho SecuritiesTarget$58$65
Jun 5, 2026Goldman SachsTarget$60
May 6, 2026Piper SandlerReiterateNeutral$54$56
May 6, 2026Robert W. BairdTarget$82$70
Apr 10, 2026Mizuho SecuritiesTarget$58

Earnings

EPS

Estimate−$2.60
ReportedDue Nov 11, 2026

Revenue

Estimate$44.3M
ReportedDue Nov 11, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 5, 2026Q2 FY26−$2.66−$2.56+3.8%$42.4M$44.7M+5.4%−14.53%
May 5, 2026Q1 FY26−$2.76−$2.29+17.1%$39.2M$40.8M+4.2%+15.35%
Feb 19, 2026Q4 FY25−$3.33−$2.44+26.7%$43.6M$43.6M0.0%−50.55%
Nov 12, 2025Q3 FY25−$3.36−$2.46+26.8%$34.6M$36.2M+4.6%−1.85%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$31.8M$35.5M$36.2M$43.6M$40.8M$44.7M
Gross profit−$19.9M−$17.8M−$13.7M−$11.1M$19.5M−$12.6M
Operating income−$153.6M−$158.9M−$125.3M−$124.4M−$135.8M−$173.8M
Net income−$106.2M−$114.0M−$89.0M−$99.2M−$93.2M−$110.2M
Diluted EPS−$3.10−$3.18−$2.46−$2.44−$2.29−$2.56
Gross margin-62.6%-50.0%-37.9%-25.5%47.9%-28.1%
Operating margin-482.5%-446.9%-346.2%-285.4%-332.9%-388.9%

Fiscal years (4-quarter sums)FY23 $93.1M · FY24 $125.6M · FY25 $147.2M

Revenue by geography · Q2 FY26

United States$41.4M · 96%
Non-US$1.8M · 4%

Balance sheet, Jun 30, 2026Cash & short-term investments $861.6M · Total debt $91.3M · Total assets $2.84B · Shareholders' equity $2.54B

Dividends

No dividends on record.

Ownership

Institutions 96.23%41.30M sharesInsiders 3.54%1.52M sharesOther 0.23%97.6K shares

Shares outstanding 42.92M · Float 39.29M · 91.6% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Farallon Capital Management LLC4.16M9.70%13FAug 14, 2026
Baker Bros. Advisors LP4.03M9.39%13FAug 14, 2026
BlackRock, Inc.3.58M8.33%13FAug 7, 2026
Illumina, Inc. · 10 percent owner3.50M8.16%Form 4Nov 18, 2025
Ding Chun R · 10 percent owner3.31M7.70%Form 4Jul 3, 2025

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 4, 2026Andrew John Partridgeofficer: Chief Growth Officer−1,491$61.08
Apr 8, 2026Joshua J. Ofmandirector, officer: President−61,665$49.92
Apr 8, 2026Robert P. Ragusadirector, officer: Chief Executive Officer−123,502$49.92
Apr 8, 2026Aaron Freidinofficer: Chief Financial Officer−45,806$49.92
Mar 9, 2026Robert P. Ragusadirector, officer: Chief Executive Officer−7,461$47.89
View details

Peers

  • Guardant Health

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  • Natera

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  • Caris Life Sciences

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  • Quest Diagnostics

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  • Labcorp

    Large diagnostics network with oncology and MRD overlap

  • VolitionRx

    Smaller epigenetic blood-test platform for cancer detection

CompareAfter-hours close

CompanyPriceChange
GRAIL$80.00−0.01%$3.43B20.8+25.7%
Guardant Health$161.50−0.03%$21.67B18.3+44.3%
Natera$325.30−0.26%$46.73B17.3+37.7%
Caris Life Sciences$25.63−0.03%$7.25B71.6101.67.3+45.4%
Quest Diagnostics$244.50+0.69%$26.79B25.821.22.3+10.2%
Labcorp$333.00−0.68%$27.48B27.717.71.9+5.8%
VolitionRx$0.4091−8.46%$3.7M1.5−0.3%
Median27.721.24.8+24.0%