Filing Flows › Grail (GRAL) › Q3 2026
Grail (GRAL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Grail (GRAL) reported revenue of $37.5M for the third quarter 2026 (Q3 2026), +4% from a year earlier and -16% from the quarter before. Operating margin was -385.3%, net loss $104M (275.9% of revenue).
Grail, Q3 2026: revenue $37.5M (+4% year over year), operating margin -385.3%, net loss $104M, operating cash flow −$74.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.5M | -16% | +4% |
| Operating profit | −$145M | — | — |
| Net earnings | −$104M | — | — |
| Operating cash flow | −$74.7M | — | — |
What changed
Revenue was $37.5M in Q3 2026, up 4% year over year and down 16% from the previous quarter. Screening revenue was the largest line at 99% of revenue. Screening revenue added $4.5M year over year (up 14%), 333% of the total change. Development Services declined 92%.
Operating costs exceeded revenue by $144.6M, an operating margin of -385.3%. Total costs grew 13% against revenue growth of 4%. The fastest-growing cost line was Sales & marketing (+63%). The quarter ended with a net loss of $103.6M, narrower than the previous quarter's $110.2M loss.
Operating cash flow was −$74.7M. Non-cash charges added back $37.4M of depreciation and amortization and $14.1M of share-based compensation. Working capital and other items used $22.6M. Capital expenditures of $4.7M exceeded it, leaving free cash flow of −$79.5M.
Questions
What was Grail's revenue in the third quarter 2026?
Grail (GRAL) reported revenue of $37.5M for the third quarter 2026 (Q3 2026), +4% from a year earlier and -16% from the quarter before.
Was Grail profitable in the third quarter 2026?
Operating loss was $145M (-385.3% of revenue) and net loss $104M.
Source: Grail 10-Q on SEC EDGAR.