GRAIL Inc. (GRAL)财务
NASDAQ · Healthcare · Medical - Diagnostics & Research · 员工910人 · CEO Joshua J. Ofman
- 股价
- $143.43 -9.75%
- 市值
- $64.1亿
- 企业价值
- $64.4亿
- 最近财报
- Q2 '26 2026-08-06提交
- 下次财报
- 2026-11-04 EPS预期 -$2.45
营收(TTM)$1.65亿+23.1% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-338.4%+132.9 百分点 对比去年同期营业利润 -$5.59亿
净利润(TTM)-$3.92亿+11.6% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$2.95亿+20.6% 对比去年同期资本支出 $50.4万
稀释EPS(TTM)-$9.75+25.6% 对比去年同期最近4个季度之和
净现金$7.7亿+42.5% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $64.1亿 EV $64.4亿
- 营收
- $1.65亿 过去12个月
- 营收增速
- +23% FY2026年一致预期
- 净利润率
- -236.9% 净利润 / 营收,TTM
- P/E
- -14.7× 预期 -15.2×(FY2026)
- P/S
- 38.8× 股价 / 营收,TTM
- EV / EBITDA
- -17.2× TTM
- 自由现金流
- -$2.95亿 过去12个月
- 净利润
- -$3.92亿 过去12个月
- 营收预期
- $1.81亿 FY2026年一致预期
- 盈利
- 2026-11-04 营收预期 $4420万
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-05):营收超预期5.4%,EPS 超预期3.8%营收$4470万,预期$4240万(+5.4%);EPS -$2.56,预期-$2.66(+3.8%)。
- 营收增长加速:同比25.7%Q2 '26营收$4470万,此前四个季度的平均值为19.9%。
- 营业利润率-338.4%(TTM),较去年同期+132.9 百分点营收增长23.1%,营业利润增长11.6%。
- 资本支出占营收的0.3%(去年为1.3%)最近4个季度投入$50.4万(同比-70.4%)。自由现金流-$2.95亿。
- 稀释股数一年内增加23.0%Q2 '26稀释股数4310万,一年前为3510万。
- 净现金 $7.7亿现金 + 短期投资 $8.62亿,含租赁债务 $9130万;一年前净现金 $5.41亿。
- Reportable Segment:营收+25.7%,利润率-388.9%(此前为-446.9%)Q2 '26增长最快的披露分部:营收$4470万,营业利润-$1.74亿(来自财报的分部附注)。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $4470万 | $3550万 | +25.7% |
| 毛利率 | -28.1% | -50.0% | +21.9 百分点 |
| 营业利润 | -$1.74亿 | -$1.59亿 | -9.4% |
| 营业利润率 | -388.9% | -446.9% | +58.0 百分点 |
| 净利润 | -$1.1亿 | -$1.14亿 | +3.3% |
| 稀释EPS | -$2.56 | -$3.18 | +19.5% |
| 经营现金流 | -$8070万 | -$7700万 | -4.9% |
| 资本支出 | $43.2万 | $36.9万 | +17.1% |
| 自由现金流 | -$8120万 | -$7730万 | -4.9% |
| R&D | $4740万 | $4660万 | +1.7% |
| 股权激励费用 | $1960万 | $1420万 | +38.0% |
实际 vs 一致预期
2026-08-05| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $4470万 | $4240万 | +5.4% |
| EPS(一致预期口径) | -$2.56 | -$2.66 | +3.8% |
来自2026-08-05发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $4140万 | +21.2% | 95.7% | $1.83亿 | – | |
| Non-US | $185万 | +58.4% | 4.3% | $758万 | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q2 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Reportable Segment | $4470万 | +25.7% | -$1.74亿 | -9.4% | -388.9% | -446.9% | -$5.59亿 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- -$2.95亿
- 资本支出
- -$50.4万
- 股票回购
- $0
- 股息
- $0
- 收购
- $0
- 债务净发行
- $0
- 股权激励费用
- $597万
- 自由现金流
- -$2.95亿
- 股东回报 / FCF
- 0.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -14.7× | – | – |
| EV / EBITDA | -17.2× | – | – |
| EV / 营收 | 39.0× | 10.9× | 3.4× – 21.5× |
| 股价 / FCF | -21.7× | – | – |
| 股价 / 净资产 | 2.4× | 0.3× | 0.0× – 1.2× |
| FCF收益率 | -4.6% | -114.3% | -178.7% – -9.5% |
| 投入资本回报率 | -14.9% | -45.9% | -98.5% – -12.9% |
| 净资产收益率 | -15.9% | -53.3% | -116.2% – -13.2% |
分析师
一致目标价 $107.88 (-24.8%)
区间 $56.00 – $175.00 · 评级 Buy
强烈买入0
买入5
持有3
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $1.81亿 | +22.9% | -$9.46 | +14.9% | -15.2× | 5 |
| FY2027 | $2.27亿 | +25.7% | -$10.18 | -7.6% | -14.1× | 4 |
| FY2028 | $2.9亿 | +27.7% | -$9.69 | +4.7% | -14.8× | 7 |
| FY2029 | $3.82亿 | +31.6% | -$10.12 | -4.4% | -14.2× | 2 |
| FY2030 | $5.03亿 | +31.7% | -$9.08 | +10.3% | -15.8× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
GRAIL Inc.在近期10-Q / 10-K文件中标记的全部200项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $724万 | $628万 | +15.2% | $208万 | $484万 | -57.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1980万 | $1630万 | +21.1% | $1830万 | $2030万 | -9.9% |
| Accounts Receivable, Allowance for Credit Loss | $380万 | – | – | $360万 | $380万 | -5.3% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $38.4万 | $13.9万 | +176.3% | – | – | – |
| Accrued Liabilities | $6450万 | $4890万 | +32.0% | $6390万 | $5720万 | +11.7% |
| Accrued Liabilities, Current | $6450万 | $4890万 | +32.0% | $6390万 | $5720万 | +11.7% |
| Accrued Professional Fees, Current | $452万 | $521万 | -13.2% | $365万 | $297万 | +23.1% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $7050万2025-12-31 | $5390万 | +30.8% | $7050万 | $5390万 | +30.8% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $184万 | $230万 | -20.1% | $266万 | $145万 | +83.0% |
| Additional Paid in Capital | $130亿 | $123亿 | +5.0% | $128亿 | $123亿 | +3.9% |
| Advertising Expense | – | – | – | $1510万 | $1770万 | -14.7% |
| Amortization of Intangible Assets | $3350万 | $3350万 | 0.0% | $1.34亿 | $1.34亿 | 0.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 400万 | 551万 | -27.4% | 504万 | 563万 | -10.4% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1960万 | $1430万 | +36.5% | $3190万2024-12-31 | – | – |
| Asset Impairment Charges | $2540万 | – | – | – | – | – |
| Assets | $28.4亿 | $27亿 | +5.2% | $29.2亿 | $29.8亿 | -2.1% |
| Assets, Current | $9.15亿 | $6.52亿 | +40.3% | $9.54亿 | $8.2亿 | +16.3% |
| Capital Expenditures Incurred but Not yet Paid | -$16.4万 | -$14.1万 | -16.3% | $4.2万 | $0 | – |
| Cash and Cash Equivalents, at Carrying Value | $5560万 | $1.27亿 | -56.3% | $2.5亿 | $2.14亿 | +16.6% |
| Cash and Cash Equivalents, Fair Value Disclosure | $5360万 | $1.25亿 | -57.2% | $2.47亿 | $2.12亿 | +16.5% |
| Cash, Cash Equivalents, and Short-term Investments | $8.6亿 | $6.01亿 | +43.1% | $9.02亿 | $7.61亿 | +18.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $6260万 | $1.31亿 | -52.1% | $2.57亿 | $2.18亿 | +18.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$1370万 | -$647万 | -111.8% | $3910万 | $1.16亿 | -66.3% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 15亿 | 15亿 | 0.0% | 15亿 | 15亿 | 0.0% |
| Common Stock, Shares, Issued | 4470万 | 3600万 | +23.9% | 4030万 | 3390万 | +19.0% |
| Common Stock, Shares, Outstanding | 4470万 | 3600万 | +23.9% | 3390万2024-12-31 | 0 | – |
| Common Stock, Value, Issued | $4.5万 | $3.6万 | +25.0% | $4万 | $3.4万 | +17.6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$1.1亿 | -$1.13亿 | +2.7% | -$4.07亿 | -$20.3亿 | +79.9% |
| Contract with Customer, Liability | $190万2025-12-31 | $160万 | +18.8% | $190万 | $160万 | +18.8% |
| Cost, Amortization | $3350万2025-09-30 | $3350万 | 0.0% | $1.34亿2024-12-31 | $1.34亿 | 0.0% |
| Costs and Expenses | $2.18亿 | $1.94亿 | +12.4% | $7.09亿 | $23.1亿 | -69.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | $113万 | $0 | – |
| Current Foreign Tax Expense (Benefit) | – | – | – | $0 | -$163万 | +100.0% |
| Current Income Tax Expense (Benefit) | – | – | – | $113万 | -$163万 | +169.1% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $0 | $0 | – | $37.6万 | $26.6万 | +41.4% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $22万 | $4.3万 | +411.6% | – | – | – |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $8.06亿 | $2.92亿 | +176.3% | – | – | – |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 17 security | 7 security | +142.9% | 0 security | 0 security | – |
| DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss | $8.6亿 | $6.01亿 | +43.1% | $9.02亿 | $7.61亿 | +18.5% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterest | $8.6亿 | $6.01亿 | +43.1% | $9.02亿 | $7.61亿 | +18.5% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent | $8.06亿 | $4.75亿 | +69.6% | $6.55亿 | $5.49亿 | +19.2% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$1.12亿 | -$9220万 | -21.2% |
| Deferred Federal, State and Local, Tax Expense (Benefit) | – | – | – | -$1.27亿 | -$1.34亿 | +4.8% |
| Deferred Income Tax Expense (Benefit) | -$5670万 | -$3890万 | -45.8% | -$1.26亿 | -$1.34亿 | +6.0% |
| Deferred Income Tax Liabilities, Net | $1.34亿 | $2.66亿 | -49.8% | $2.19亿 | $3.46亿 | -36.8% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$1550万 | -$4150万 | +62.6% |
| Deferred Tax Assets, Gross | $2.63亿2025-12-31 | $1.67亿 | +57.7% | $2.63亿 | $1.67亿 | +57.7% |
| Deferred Tax Assets, Net of Valuation Allowance | $2.56亿2025-12-31 | $1.59亿 | +61.0% | $2.56亿 | $1.59亿 | +61.0% |
| Deferred Tax Assets, Operating Loss Carryforwards | $1.47亿2025-12-31 | $4370万 | +236.5% | $1.47亿 | $4370万 | +236.5% |
| Deferred Tax Assets, Other | $87.6万2025-12-31 | $103万 | -14.6% | $87.6万 | $103万 | -14.6% |
| Deferred Tax Assets, Property, Plant and Equipment | $39.2万2025-12-31 | $206万 | -81.0% | $39.2万 | $206万 | -81.0% |
| Deferred Tax Assets, Tax Credit Carryforwards | $1400万2025-12-31 | $796万 | +76.4% | $1400万 | $796万 | +76.4% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $999万2025-12-31 | $932万 | +7.2% | $999万 | $932万 | +7.2% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $667万2025-12-31 | $573万 | +16.5% | $667万 | $573万 | +16.5% |
| Deferred Tax Assets, Valuation Allowance | $694万2025-12-31 | $774万 | -10.4% | $694万 | $774万 | -10.4% |
| Deferred Tax Liabilities, Gross | $4.75亿2025-12-31 | $5.05亿 | -6.0% | $4.75亿 | $5.05亿 | -6.0% |
| Deferred Tax Liabilities, Leasing Arrangements | $1300万2025-12-31 | $1610万 | -19.4% | $1300万 | $1610万 | -19.4% |
| Deferred Tax Liabilities, Net | $2.19亿2025-12-31 | $3.46亿 | -36.8% | $2.19亿 | $3.46亿 | -36.8% |
| Defined Contribution Plan, Cost | – | – | – | $260万 | $390万 | -33.3% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02