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Grail (GRAL) R&D spending by quarter

Grail's R&D spending was $44.1M in Q3 2026 (third quarter 2026), -7% from Q2 2026. Over the last 7 quarters it ranged from $44.1M (Q3 2026) to $53.6M (Q1 2025).

Grail R&D spending by quarterGrail R&D spending by quarter$53.6MQ1 2025$46.6MQ2 2025$48.6MQ3 2025$46.9MQ4 2025$48.0MQ1 2026$47.4MQ2 2026$44.1MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$44.1M-7%-9%
Q2 2026$47.4M-1%+2%
Q1 2026$48.0M+2%-10%
Q4 2025$46.9M-4%—
Q3 2025$48.6M+4%—
Q2 2025$46.6M-13%—
Q1 2025$53.6M——

Q3 2026 at a glance

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.

Questions

What is Grail's R&D spending?

Grail's R&D spending was $44.1M in Q3 2026 (third quarter 2026), -7% from Q2 2026.

How has Grail's R&D spending changed?

Over the last 7 quarters it ranged from $44.1M (Q3 2026) to $53.6M (Q1 2025).

Q3 2026 results → · How Grail makes money →