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GR

GRAIL, Inc.

GRALHealthcareNASDAQ

Diagnostics & Research · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$147.2M
+17.2% YoY
Net Income
-$408.4M
+79.9% YoY
EBITDA
-$377.8M
+38.1% YoY
Free Cash Flow
-$107.8M

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About GRAIL, Inc.

GRAIL, Inc., a commercial-stage healthcare company, provides multi-cancer early detection testing and services in the United States and internationally. Valued at $2.57B, GRAL is a mid-cap name in its sector. It offers Galleri, a cancer screening test for asymptomatic individuals over 50 years of age; and a diagnostic aid for cancer tests to accelerate diagnostic resolution for patients with clinical suspicion of cancer.

Key stats
Market Cap$2.57B
Fwd P/E-6.16
EPS$-10.30
52W Change+49.7%
ROE-16.1%
Analysis

With $823.1M in cash and $51.0M in debt, GRAL maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company is burning cash, with free cash flow at -$107.8M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -16.1%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $55.5M (2022) to $147.2M (2025), reflecting a 165% increase over the period.

The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing GRAL.

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