Company Analysis

Guardant Health, Inc. (GH)

Nasdaq: GH · Services-Medical Laboratories · Palo Alto, CA · filing with the SEC since 2014
Grade5.4
◀ Past 5.9● Present 5.0▶ Future 5.5
1 est.

The grade of Guardant Health, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.4/10
◀ Past5.930% of the headline
● Present5.040% of the headline
▶ Future5.530% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.9/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
4.8/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2023-04-10.

weight 33% of this tense · 48th percentile among 27 sector filers · read for itself

From the record

Guardant Health, Inc.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2023-04-10) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.8/10

What has it actually done, year after year?

+45.1% a year over 9 filed years; profitable in 0 of 9.

weight 45% of this tense · 68th percentile among 23 sector filers · read for its customers

From the record

Guardant Health, Inc.'s 9 filed years say what it did: revenue went from $50 million in fiscal 2017 to $982 million in fiscal 2025, up 45.1% a year; it rose in 8 of 8 years; it never fell from a peak; net income was positive in 0 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span45.1%top 20% of its family
  • the share of years revenue rosetop 15% of its family
  • the share of filed years with a profitbottom 24% of its family
  • the deepest fall from a revenue peak0.0%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
5.7/10

How has it treated the people who own it?

SI estimate 5.7/10, confidence 35 of 100 (one part).

weight 22% of this tense · 57th percentile among 24 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 43% of 24 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 24 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Guardant Health, Inc.'s shareholder treatment is put at 5.7 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 43% of 24 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.0/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
4.8/10

Is it financially healthy right now?

Leverage 105%: owes 105¢ per asset dollar.

weight 33% of this tense · 48th percentile among 25 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Guardant Health, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 31 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 105 cents per dollar of assets, and net share issuance: its share count grew 2.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 13% of its family
  • gross profit against assetstop 34% of its family
  • the share count against the year beforetop 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.5/10

How strong is its position in its industry?

top 45% of 24 in its family; net margin -42.4%.

weight 45% of this tense · 55th percentile among 24 sector filers · read for its customers

From the record

Guardant Health, Inc.'s standing among 24 graded names in its industry family: revenue of $982 million in fiscal 2025 ranks in the top 20% by size; a net margin of -42.4% ranks in the bottom 23%; revenue growth of 29.7% a year over the last 3 filed years ranks in the top 37% (its annual reports).

What it rests on

  • revenue against the family$982Mtop 20% of its family
  • net margin-42.4%bottom 23% of its family
  • three-year revenue growth29.7%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.2/10

What are the people in charge doing?

bottom 42% of 17 in its family for leadership; chief executive since 2021.

weight 22% of this tense · 42nd percentile among 17 sector filers · read for its shareholders

From the record

Guardant Health, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Talasaz, Amirali (Co-Chief Executive Officer, as filed), filing under that title since 2021-08-17, 5.2 years (top 44% of its family); the 19 officers and directors filing in the last fifteen months have been on the record a median of 5 years (bottom 37%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 19 people in charge now (bottom 34%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 19 peoplebottom 34% of its family
  • the median years the people in charge have filed5.0 yearsbottom 37% of its family
  • the chief executive's years on the record5.2 yearstop 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.5/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.4/10

How much room does it have to grow?

bottom 44% of 24 in its family for room to expand.

weight 22% of this tense · 44th percentile among 24 sector filers · read for itself

From the record

Guardant Health, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $489 million against debt of $1.5 billion leaves -50.4% of its assets as net cash, bottom 2% of its family; cash from operations less capital spending is -23.7% of revenue (bottom 40%); a gross margin of 64.5% (top 34%); research spending of 37.1% of revenue (top 31%) (its annual report).

What it rests on

  • cash less debt against assets-50.4%bottom 2% of its family
  • cash from operations less capital spending against revenue-23.7%bottom 40% of its family
  • gross margin64.5%top 34% of its family
  • research spending against revenue37.1%top 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.3/10

What could actually drive growth from here?

top 47% of 23 in its family for growth drivers.

weight 45% of this tense · 53rd percentile among 23 sector filers · read for its customers

From the record

Guardant Health, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 29.7% a year over the last three filed years against 45.1% over all 9, slowing (bottom 33% of its family); the newest year grew 32.9% (top 20%); research spending grew -0.9% a year (top 42%); capital spending grew -14.6% a year (bottom 40%) (its annual reports). Guardant Health, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-15.4 points a yearbottom 33% of its family
  • the newest year's revenue growth32.9%top 20% of its family
  • three-year growth of research spending-0.9%top 42% of its family
  • three-year growth of capital spending-14.6%bottom 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.6/10

Did its newest year beat what its own record pointed to?

top 34% of 20 in its family for expectations against reality.

weight 33% of this tense · 66th percentile among 20 sector filers · read for its shareholders

From the record

Guardant Health, Inc.'s newest year against its own record: revenue of $982 million in fiscal 2025 came in 3.7% above the $947 million its prior three years' pace pointed to (top 32% of its family); net income of $416 million against a prior three-year average of $523 million (top 42%); a net margin of -42.4% against -96.6% before (top 27%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace3.7%top 32% of its family
  • net income against the prior three years' average+21%top 42% of its family
  • net margin against its prior average+54.2 pointstop 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton GH · research, not advice