GRAIL, Inc. (GRAL)

From the record

GRAIL, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

GRAIL, Inc.'s 4 filed years say what it did: revenue went from $56 million in fiscal 2023 to $147 million in fiscal 2025, up 38.4% a year; it rose in 3 of 3 years; it never fell from a peak; net income was positive in 0 of 4 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, GRAIL, Inc. lost about 16 cents for every dollar of shareholders' money. Leverage: it owed about 12 cents per dollar of assets, and net share issuance: its share count grew 15.2% over the year (the filed statements).

From the record

GRAIL, Inc.'s standing among 24 graded names in its industry family: revenue of $147 million in fiscal 2025 ranks in the top 50% by size; a net margin of -277.5% ranks in the bottom 15%; revenue growth of 38.4% a year over the last 3 filed years ranks in the top 20% (its annual reports).

From the record

GRAIL, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Ofman, Joshua J. (Chief Executive Officer, as filed), filing under that title since 2026-06-03, 5 months (bottom 9% of its family); most of the 8 officers and directors filing now have filed since the record of its people begins (2024-06-03), a floor of 2.4 years the record cannot see past, so that part is not read; 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 8 people in charge now (bottom 18%; 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.

From the record

GRAIL, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $257 million against no long-term debt tagged leaves 8.8% of its assets as net cash, bottom 48% of its family; cash from operations less capital spending is -203.8% of revenue (bottom 19%); research spending of 133% of revenue (top 19%) (its annual report).

From the record

GRAIL, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 38.4% a year over the last three filed years against 38.4% over all 4, speeding up (top 43% of its family); the newest year grew 17.2% (top 37%); research spending grew -15.9% a year (bottom 8%); capital spending grew -65.9% a year (bottom 2%) (its annual reports). GRAIL, Inc. reported 2 product lines in fiscal 2025: Screening Revenue at $139 million (94%), Developmental Services Revenue at $9 million (6%); 1 of 2 grew against the year before (its annual report).

From the record

GRAIL, Inc.'s newest year against its own record: revenue of $147 million in fiscal 2025 came in 22.1% below the $189 million its prior three years' pace pointed to (bottom 23% of its family); net income of $408 million against a prior three-year average of $3.0 billion (top 12%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 2%) (its annual reports).