Filing Flows › Grail (GRAL) › Q1 2025
Grail (GRAL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Grail (GRAL) reported revenue of $31.8M for the first quarter 2025 (Q1 2025), +19% from a year earlier and -17% from the quarter before. Operating margin was -482.5%, net loss $106M (333.6% of revenue).
Grail, Q1 2025: revenue $31.8M (+19% year over year), operating margin -482.5%, net loss $106M, operating cash flow −$95.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.8M | -17% | +19% |
| Operating profit | −$154M | — | — |
| Net earnings | −$106M | — | — |
| Operating cash flow | −$95.0M | — | — |
What changed
Revenue was $31.8M in Q1 2025, up 19% year over year and down 17% from the previous quarter. Screening revenue was the largest line at 92% of revenue. Screening revenue added $5.6M year over year (up 24%), 109% of the total change. Development services revenue declined 15%.
Operating costs exceeded revenue by $153.6M, an operating margin of -482.5%. Total costs fell 27% while revenue rose 19%. The quarter ended with a net loss of $106.2M, wider than the previous quarter's $97.1M loss.
Operating cash flow was −$95.0M. Non-cash charges added back $38.2M of depreciation and amortization and $16.2M of share-based compensation. Working capital and other items used $43.2M. Capital expenditures of $62K exceeded it, leaving free cash flow of −$95.1M.
Questions
What was Grail's revenue in the first quarter 2025?
Grail (GRAL) reported revenue of $31.8M for the first quarter 2025 (Q1 2025), +19% from a year earlier and -17% from the quarter before.
Was Grail profitable in the first quarter 2025?
Operating loss was $154M (-482.5% of revenue) and net loss $106M.
Source: Grail 10-Q on SEC EDGAR.