Filing Flows › Grail (GRAL) › Q2 2026
Grail (GRAL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Grail (GRAL) reported revenue of $44.7M for the second quarter 2026 (Q2 2026), +26% from a year earlier and +10% from the quarter before. Operating margin was -388.9%, net loss $110M (246.7% of revenue).
Grail, Q2 2026: revenue $44.7M (+26% year over year), operating margin -388.9%, net loss $110M, operating cash flow −$80.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.7M | +10% | +26% |
| Operating profit | −$174M | — | — |
| Net earnings | −$110M | — | — |
| Operating cash flow | −$80.7M | — | — |
What changed
Revenue was $44.7M in Q2 2026, up 26% year over year and up 10% from the previous quarter. Screening revenue was the largest line at 95% of revenue. Screening revenue added $8.3M year over year (up 24%), 90% of the total change.
Operating costs exceeded revenue by $173.8M, an operating margin of -388.9%. Total costs grew 12% against revenue growth of 26%. The fastest-growing cost line was General & admin (+34%). The quarter ended with a net loss of $110.2M, wider than the previous quarter's $93.2M loss.
Operating cash flow was −$80.7M. Non-cash charges added back $37.6M of depreciation and amortization and $19.6M of share-based compensation. Working capital and other items used $27.6M. Capital expenditures of $432K exceeded it, leaving free cash flow of −$81.2M.
Questions
What was Grail's revenue in the second quarter 2026?
Grail (GRAL) reported revenue of $44.7M for the second quarter 2026 (Q2 2026), +26% from a year earlier and +10% from the quarter before.
Was Grail profitable in the second quarter 2026?
Operating loss was $174M (-388.9% of revenue) and net loss $110M.
Source: Grail 10-Q on SEC EDGAR.