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Companies / Healthcare / GRAIL, Inc.
GRAL

GRAIL, Inc.

HealthcareHealth Services
Ticker GRALSUNNYVALE, CAFiscal year ends DecemberBook value per share $60.71Diluted shares 41.9M

Grail, Inc. (NASDAQ: GRAL) operates as an innovative commercial-stage healthcare company focused on early cancer detection through multi-cancer early detection testing. The company's mission centers on detecting cancer early, when it can be cured, by shifting the paradigm in cancer screening at population scale. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$147.17M
+17.2% year over year
Last 12 mo $165.26M
-381.98%
+1361.1 percentage points
Last 12 mo -338.40%
$-408.35M
+79.9% year over year
Last 12 mo $-391.59M
-14.50%
+6.2 percentage points
Last 12 mo -15.40%
Cash & financing
$-299.01M
+48.2% year over year
Last 12 mo $-294.75M
$-299.92M
+48.5% year over year
Last 12 mo $-296.16M
—
36.8M
+15.2% year over year
Last 12 mo 41.9M

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) operates as an innovative commercial-stage healthcare company focused on early cancer detection through multi-cancer early detection testing. The company's mission centers on detecting cancer early, when it can be cured, by shifting the paradigm in cancer screening at population scale.

The company's flagship product is Galleri, a multi-cancer early detection test that screens for many types of cancer from a simple blood draw. Galleri can detect cancer signals across more than 50 types of cancer and accurately predict the specific organ or tissue type where the cancer signal originated, known as Cancer Signal of Origin, with high positive predictive values and low false positive rates. As of December 31, 2025, Grail has sold more than 475,000 commercial tests, including more than 185,000 tests in 2025. The company has established commercial partnerships with leading healthcare systems, employers, digital health platforms, payors, and life insurance providers.

Grail has conducted what it believes is the largest clinical program in genomic medicine to date, collecting population-scale clinical data from more than 385,000 participants across nine clinical studies. The company's clinical program includes over 180,000 patients enrolled in PATHFINDER and PATHFINDER 2 clinical studies and the NHS-Galleri Trial. In January 2026, Grail submitted a premarket approval application to the FDA to support broad access for Galleri in the United States. The company is also enrolling up to 50,000 Medicare beneficiaries in its REACH study to evaluate Galleri's clinical impact among Medicare beneficiaries and historically underserved communities.

Beyond asymptomatic screening, Grail leverages its proprietary targeted methylation platform for additional applications across the cancer care continuum, including precision oncology partnerships with biopharmaceutical companies. The company launched its research use only targeted methylation platform with customizable classifiers in 2023.

Grail operates a high-capacity laboratory accredited by the College of American Pathologists and certified by CLIA and the New York State Department of Health. The company has begun entering select international markets through distributor partners and intends to expand through partnerships including Samsung. The company's website is www.grail.com.

Company details
Sector
Healthcare
Industry
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$-930.87M$-273.19M$384.49M20242025Last 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
23.6%
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
1.08%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

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