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How Grail (GRAL) makes money

Grail (GRAL) made $37.5M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Screening revenue brought in $37.3M (99%); Development Services brought in $266K (1%).

Drawing the Sankey…

Grail revenue by segment, Q3 2026Grail revenue by segment, Q3 2026Screening revenue$37.3MDevelopment Services$266K
Grail: revenue by line, Q4 2025 to Q3 2026Grail: revenue by line, Q4 2025 to Q3 2026Screening revenueDevelopment ServicesScreening revenue: $37.3M latest$37.3MDevelopment Services: $266K latestQ4 2025Q1 2026Q2 2026Q3 2026
Development Services went from 3% of revenue in Q4 2025 to 1% in Q3 2026, the largest shift in the mix.
Grail revenue by quarterGrail revenue by quarter$31.8MQ1 2025$35.5MQ2 2025$36.2MQ3 2025$43.6MQ4 2025$40.8MQ1 2026$44.7MQ2 2026$37.5MQ3 2026

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Screening revenue$37.3M99.3%-13%+14%
Development Services$266K0.7%-87%-92%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$37.5M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$37.5M+4%
Q2 2026$44.7M+26%
Q1 2026$40.8M+28%
Q4 2025$43.6M+14%
Q3 2025$36.2M+26%
Q2 2025$35.5M+11%
Q1 2025$31.8M+19%

From Grail's 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Grail make money?

Grail (GRAL) made $37.5M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Screening revenue brought in $37.3M (99%); Development Services brought in $266K (1%).

What is Grail's biggest business?

Screening revenue: $37.3M in the third quarter 2026, 99% of revenue, +14% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.