Jun 2026 (Q2 FY26) — Aug 5, 2026
GRAIL Q2 FY26 — Strong Galleri Volume Growth and FDA AdCom Anticipation
Read the full callGRAIL earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 44.7 | +25.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -388.9 | +58.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -110 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $78 on 17 Oct 2025 → $122.42. High $154.08 (5 Oct 2026), low $43.03 (23 Feb 2026).
Overview
Call summaries
GRAIL Q2 FY26 — Strong Galleri Volume Growth and FDA AdCom Anticipation
Read the full callEvery analysed call
Financials
Net profit, year on year: +3% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 29 | 38 | 32 | 36 | 36 | 44 | 41 | 45 |
| Expenses | 212 | 175 | 185 | 194 | 161 | 168 | 177 | 218 |
| Operating profit | -184 | -137 | -154 | -159 | -125 | -124 | -136 | -174 |
| Operating margin | −640.5% | −358.0% | −482.5% | −446.9% | −346.2% | −285.4% | −332.9% | −388.9% |
| Other income | 11 | 10 | 7 | 6 | 7 | 8 | 8 | 7 |
| Profit before tax | -172 | -127 | -146 | -153 | -119 | -117 | -128 | -167 |
| Tax rate | 27.1% | 23.6% | 27.5% | 25.4% | 25.1% | 14.9% | 26.9% | 33.9% |
| Net profit | -126 | -97 | -106 | -114 | -89 | -99 | -93 | -110 |
| EPS ($ per share) | -3.94 | — | -3.10 | -3.18 | -2.46 | — | -2.29 | -2.56 |
| Line item | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Equity capital | — | — | 0 | 0 |
| Reserves | — | -7,776 | -9,803 | -10,212 |
| Total liabilities | — | 268 | 480 | 344 |
| Fixed assets | — | 85 | 69 | 52 |
| Total assets | — | 3,914 | 2,983 | 2,922 |
| Line item | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Cash from operations | -561 | -596 | -577 | -299 |
| Cash from investing | -23 | -13 | -551 | -85 |
| Cash from financing | 605 | 464 | 1,244 | 423 |
| Net cash flow | 20 | -145 | 116 | 39 |
| Capital expenditure | -23 | -13 | -5 | -1 |
| Free cash flow | -584 | -609 | -582 | -300 |
69 filings between Nov 17, 2025 and Oct 15, 2026.
Purchases
None
No insider bought shares.
Sales
$117.98M
48 sales by 5 insiders
40% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| ILLUMINA, INC. | — | $79.85M | Nov 17, 2025 |
| Ofman Joshua J. | — | $14.58M | Oct 15, 2026 |
| RAGUSA ROBERT P | — | $12.27M | Apr 8, 2026 |
| Freidin Aaron | — | $10.05M | Oct 5, 2026 |
| Partridge Andrew John | — | $1.24M | Oct 5, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | SUMME GREGORY L Director | Award | 237 | $32.1K |
| Oct 15, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 3,400 | $460.5K |
| Oct 15, 2026 | CHASE WILLIAM J Director | Award | 153 | $20.7K |
| Oct 15, 2026 | MIZELL STEVEN Director | Award | 148 | $20.0K |
| Oct 15, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 1,000 | $134.4K |
| Oct 15, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 7,052 | $964.9K |
| Oct 15, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 400 | $53.2K |
| Oct 15, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 6,034 | $830.5K |
| Oct 15, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 2,114 | $293.4K |
| Oct 5, 2026 | Freidin Aaron Chief Financial Officer | Sale | 23,619 | $3.46M |
| Oct 5, 2026 | Partridge Andrew John Chief Growth Officer | Sale | 7,873 | $1.15M |
| Sep 21, 2026 | Freidin Aaron Chief Financial Officer | Sale 10b5-1 plan | 1,800 | $169.0K |
| Sep 21, 2026 | Freidin Aaron Chief Financial Officer | Sale 10b5-1 plan | 1,779 | $164.1K |
| Sep 21, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 6,200 | $597.9K |
| Sep 21, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 10,000 | $1.10M |
| Sep 21, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 37,752 | $3.59M |
| Sep 21, 2026 | Freidin Aaron Chief Financial Officer | Sale 10b5-1 plan | 521 | $49.5K |
| Sep 21, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 1,400 | $137.0K |
| Sep 21, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 2,100 | $211.4K |
| Sep 21, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 2,125 | $196.2K |
| Sep 21, 2026 | Ofman Joshua J. Chief Executive Officer | Option exercise 10b5-1 plan | 26,452 | $370.3K |
| Sep 21, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 1,454 | $136.1K |
| Sep 21, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 421 | $42.0K |
| Aug 27, 2026 | Freidin Aaron Chief Financial Officer | Sale 10b5-1 plan | 7,900 | $671.6K |
| Aug 27, 2026 | Ofman Joshua J. Chief Executive Officer | Sale 10b5-1 plan | 5,000 | $425.1K |
| Jul 15, 2026 | CHASE WILLIAM J Director | Award | 276 | $20.5K |
| Jul 15, 2026 | MIZELL STEVEN Director | Award | 268 | $19.9K |
| Jul 15, 2026 | SUMME GREGORY L Director | Award | 427 | $31.8K |
| Jun 18, 2026 | CHASE WILLIAM J Director | Award | 5,491 | $350.0K |
| Jun 18, 2026 | MIZELL STEVEN Director | Award | 5,491 | $350.0K |
| Jun 18, 2026 | SUMME GREGORY L Director | Award | 5,491 | $350.0K |
| Jun 18, 2026 | Krevans Sarah Director | Award | 5,491 | $350.0K |
| Jun 4, 2026 | Partridge Andrew John Chief Growth Officer | Sale | 1,491 | $91.1K |
| Jun 3, 2026 | Ofman Joshua J. Chief Executive Officer | Award | 3,154 | $192.8K |
| Jun 1, 2026 | Ofman Joshua J. Chief Executive Officer | Award | 27,901 | $1.80M |
| Apr 15, 2026 | CHASE WILLIAM J Director | Award | 408 | $20.3K |
| Apr 15, 2026 | SUMME GREGORY L Director | Award | 631 | $31.4K |
| Apr 15, 2026 | MIZELL STEVEN Director | Award | 396 | $19.7K |
| Apr 8, 2026 | RAGUSA ROBERT P Chief Executive Officer | Sale | 123,502 | $6.16M |
| Apr 8, 2026 | Freidin Aaron Chief Financial Officer | Sale | 45,806 | $2.29M |
| Apr 8, 2026 | Ofman Joshua J. President | Sale | 61,665 | $3.08M |
| Mar 9, 2026 | Freidin Aaron Chief Financial Officer | Sale | 85 | $4.0K |
| Mar 9, 2026 | Freidin Aaron Chief Financial Officer | Sale | 2,407 | $115.4K |
| Mar 9, 2026 | Ofman Joshua J. President | Sale | 101 | $4.7K |
| Mar 9, 2026 | RAGUSA ROBERT P Chief Executive Officer | Sale | 7,203 | $345.2K |
| Mar 9, 2026 | Ofman Joshua J. President | Sale | 2,836 | $135.9K |
| Mar 9, 2026 | RAGUSA ROBERT P Chief Executive Officer | Sale | 258 | $12.1K |
| Mar 5, 2026 | RAGUSA ROBERT P Chief Executive Officer | Sale | 980 | $51.9K |
| Mar 5, 2026 | Freidin Aaron Chief Financial Officer | Sale | 655 | $34.7K |
| Mar 5, 2026 | Ofman Joshua J. President | Sale | 690 | $36.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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