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Companies / Health Care / GRAIL, Inc.
GRAL

GRAIL, Inc.

Health CareHealth Services
Ticker GRALSUNNYVALE, CAFiscal year ends DecemberBook value per share $54.69Diluted shares 44.9M

GRAIL, Inc. (Nasdaq: GRAL) is a commercial-stage healthcare company developing blood-based tests for early cancer detection. Its main product, Galleri, analyzes DNA methylation patterns in blood to detect signals associated with more than 50 cancer types and predict the likely organ or tissue of origin; healthcare… From the company’s description.

Over the twelve months to Sep 30, 2026, GRAIL, Inc. reported revenue of $166.60M, up 17.5% from a year earlier, and a net loss of $406.18M. Its operating margin was −347.3%, and operations used $306.24M in cash. In fiscal 2025, it reported revenue of $147.17M, up 17.2% from fiscal 2024, and a net loss of $408.35M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$147.17MFY2025
+17.2% year over year
Last 12 mo $166.60M
-381.98%FY2025
+1361.1 percentage points
Last 12 mo -347.28%
$-408.35MFY2025
+79.9% year over year
Last 12 mo $-406.18M
-14.50%FY2025
+6.2 percentage points
Last 12 mo -15.25%
Cash & financing
$-299.01MFY2025
+48.2% year over year
Last 12 mo $-306.24M
$-299.92MFY2025
+48.5% year over year
Last 12 mo $-312.00M
—
36.8MFY2025
+15.2% year over year
Last 12 mo 44.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What GRAIL, Inc. does

In the company’s own words

GRAIL, Inc. (Nasdaq: GRAL) is a commercial-stage healthcare company developing blood-based tests for early cancer detection. Its main product, Galleri, analyzes DNA methylation patterns in blood to detect signals associated with more than 50 cancer types and predict the likely organ or tissue of origin; healthcare providers use results to guide follow-up diagnostic testing. The company sells Galleri in the United States and works with healthcare systems, employers, digital health platforms, payors and life insurance providers, while also entering select international markets through distributors. Its targeted methylation platform also supports research-use-only and precision oncology applications, including biomarker discovery, recurrence detection and treatment monitoring, developed in collaboration with biopharmaceutical companies. GRAIL reports its business as one operating and reportable segment. Founded in 2016, it was spun off from Illumina in 2024. In 2025, it sold more than 185,000 commercial tests and reported revenue of $ million. Its website is https://grail.com.

Company details
Sector
Health Care
Industry (SIC)
Health Services
Headquarters
SUNNYVALE, CA
Fiscal year end
December
CIK
1699031
SIC
8071

Financial performance, year by year

Fiscal 2024–2025 · USD
$-2.25B$-1.59B$-930.20M$-272.12M$385.96M20242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns GRAIL, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

229
funds hold it
0 of 35
superinvestors hold it
$683.52M
held by funds, at market
23.4%
of shares held by funds

Largest fund holders · GRAIL, Inc.’s weight in each

0.91%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.09%of fund net assets
PRIMECAP Odyssey Aggressive Growth Fund
POAGX · PRIMECAP Odyssey Funds
—of fund net assets
iShares Russell 2000 Value ETF
IWN · iShares Trust
0.18%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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