“Cost of Revenue—Amortization of Intangible Assets As a result of the application of pushdown accounting, intangible assets recognized in our standalone financial statements relate to our own technology, and consist of developed technologies and in-process res…”10-Q · May 7, 2026 ↗
GRAIL, Inc.
GRAL
Market read
GRAIL, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 13 directly disclosed connections are confirming.
- GRAL's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if GRAL's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 13 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- GRAL's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +17.2% year over year.
- Operating margin changed +1361.1 percentage points in the latest annual period.
- Net margin changed +1336.5 percentage points in the latest annual period.
- Diluted shares increased 15.2% in the latest annual period.
- Product pipeline and R&D has repeated adverse evidence across 4 filings.
- Restructuring and cost reductions has repeated adverse evidence across 3 filings.
- EV/sales is 347% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
77.51Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Legal and professional services expenses decreased $28.6 million primarily due to no longer incurring legal and professional service fees related to compliance with the European Commission hold separate order and transaction costs related to our Spin-Off, com…”10-K · Mar 12, 2026 ↗
“141 Table of Contents Goodwill and Intangible Assets Impairment Year Ended Change (in thousands) December 31, 2025 December 31, 2024 $ % Goodwill and intangible assets impairment $ 28,000 $ 1,420,936 $ (1,392,936) (98 %) Goodwill and intangible impairment dec…”10-K · Mar 12, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 19.4× · EV/sales 17.7×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for GRAL. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for GRAL. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind GRAL
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
ILMNIllumina, Inc.supplierMay 7, 2026 ▾
“For example, Illumina, Inc.”
TWSTTwist Bioscience CorporationsupplierMar 12, 2026 ▾
“We rely on Illumina as a sole supplier for our next-generation sequencers and associated reagents, Madison Industries (“Madison”) as a sole supplier of blood collection tubes, and Twist Bioscience Corporation (“Twist”) as a sole supplier of DNA panels.”
Depended on by
BLLNBillionToOne, Inc.competitorMar 11, 2026 ▾
“As we expand our oncology offerings into applications such as MRD testing, as well as potentially testing for early detection in the future, we anticipate facing competition from a broader universe of companies, including Exact Sciences, Grail, Haystack, whic…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 10 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
GRAL is currently a Follower in the organic co-movement group Aerospace & Industrial Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for GRAL; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.