GRAIL, Inc. (GRAL) Form 10-Q — Aug 6, 2026

$GRALForm 10-QFiled Aug 6, 2026, 4:11 PM ET0001628280-26-054307Original filing

GRAIL reported Q2 2026 total revenue of $44.7 million, up 26% year over year, driven by 35% growth in Galleri test volume partially offset by an 8% decline in ASP, while the net loss narrowed to $110.2 million from $114.0 million a year ago. Adjusted EBITDA worsened to -$90.3 million from -$78.3 million, and the company has accumulated $10.4 billion in net losses since the Illumina acquisition. Liquidity stands at roughly $861.6 million ($55.6 million cash plus $806.0 million short-term marketable securities) after GRAIL closed a $110.0 million private placement with Samsung C&T and Samsung Electronics Singapore at $70.05 per share in June 2026.

Key figures

Revenue: 44687000
Revenue Yoy: 25.7% (Q2 2026 total revenue vs Q2 2025; screening revenue +24%)
Total Assets: 2843686000
Cash Position: 55645000
Shares Outstanding: 44666234
Asp Change Q2: -8%
Atm Remaining: $189.3 million available under ATM program
Sunnyvale Lease: 74,901 sq ft, ~11-year term to September 30, 2037, ~$61.5 million aggregate base rent
Six Month Net Loss: -$203.4 million (vs -$220.2 million prior year)
Six Month Revenue: $85.5 million (vs $67.4 million prior year, +27%)
Accumulated Deficit: -$10.4 billion (includes $7.5 billion cumulative impairment/amortization since Illumina acquisition)
Screening Revenue Q2: $42.6 million
Illumina Royalty Rate: 7% expected, resumes December 24, 2026
Samsung Shares Issued: 1570308
Adjusted Ebitda Q2 2026: -$90.3 million (vs -$78.3 million prior year)
Galleri Volume Growth Q2: 35%
Samsung Placement Price: $70.05 per share
Samsung Impairment Charge: $25.4 million
Operating Cash Burn Six Months: -$167.7 million
Adjusted Ebitda Six Months2026: -$170.2 million (vs -$177.1 million prior year)
Cash Plus Short Term Securities: $861.6 million ($55.6M cash + $806.0M marketable securities)
Samsung Placement Gross Proceeds: $110.0 million ($109.0 million net)

Price after filing

1 day: -4.4%7 days: -6.1%30 days: +10.5%

Close on the filing date to close N calendar days later (from $72.70). Historical, not a forecast.

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