Grail Announces Q3 EPS of $2.46 Compared to Last Year's $3.05 Loss
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2025
0mins
Should l Buy GRAL?
Q3 Financial Performance: The company reported Q3 revenue of $36.2 million, exceeding the consensus estimate of $35.4 million, with significant cash reserves of $547.1 million as of September 30, ensuring operational stability until 2030.
Growth in Galleri Test Volume: There was a 39% increase in Galleri test volume in Q3, with ongoing efforts to enhance awareness among healthcare providers and patients, supported by data from the PATHFINDER 2 study.
International Expansion: The company is making progress in international markets, notably through a collaboration with Samsung to introduce Galleri in key Asian markets and its commercial launch in Canada.
Future Plans: The company anticipates completing its PMA submission for Galleri to the FDA by Q1 2026, indicating a focus on regulatory advancements.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy GRAL?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on GRAL
Wall Street analysts forecast GRAL stock price to rise
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 52.630
Low
38.00
Averages
60.86
High
83.71
Current: 52.630
Low
38.00
Averages
60.86
High
83.71
About GRAL
Grail, Inc. is a healthcare company focused on saving lives and shifting the paradigm in early cancer detection. The Company is focused on alleviating the global burden of cancer by using sequencing, population-scale clinical studies, and machine learning, software, and automation to detect and identify multiple deadly cancer types in earlier stages. Its targeted methylation-based platform can support the continuum of care for screening and precision oncology, including multi-cancer early detection in symptomatic patients, risk stratification, minimal residual disease detection, biomarker subtyping, treatment and recurrence monitoring. Its multi-cancer early detection test, the Galleri test, is a commercially available screening test for early detection of multiple types of cancer. The Galleri test can be used to screen for cancer before a person becomes symptomatic, when cancer may be more easily treated and potentially curable. The Galleri test can indicate the origin of the cancer.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Following Grail's Study Setback, What Remains for Cancer Blood Screening?
- Stock Performance: Grail's stock experienced a significant decline, losing half of its value last Friday.
- Market Reaction: The drastic drop in stock price indicates a negative market reaction, potentially affecting investor confidence.
See More
Grail Stock Surges Over 16% Amid Optimism for Future Developments
- Stock Rebound: Grail's stock surged over 16% by midday, following several days of sharp declines, indicating market optimism for future developments despite the Galleri multi-cancer early detection test missing its primary endpoint.
- Clinical Trial Results: The trial, involving 142,000 participants, failed to show a statistically significant reduction in Stage III and IV cancers across 12 deadly indications, although CEO Bob Ragusa stated this would not impact FDA approval likelihood.
- Insurance Payment Risks: The failure to meet the primary endpoint raises concerns that insurers may be reluctant to cover the test, potentially affecting market acceptance and future revenue streams.
- Follow-Up Data Anticipation: Analysts noted that Grail is extending the trial to gather 6 to 12 months of follow-up data, hoping this data will validate the study's effectiveness, although Ragusa acknowledged a longer follow-up period should have been allowed.
See More
Grail Shares Plunge 50% Amid Clinical Trial Setback
- Stock Price Volatility: Grail's shares plummeted by 50% last Friday, dropping from approximately $102 to $49, reflecting investor concerns about the company's outlook after a remarkable rise from $19 to $110 in 2025.
- Clinical Trial Setback: The company announced that its large clinical trial in England failed to meet the primary endpoint of reducing Stage III-IV cancer diagnoses, raising doubts about the effectiveness of the Galleri test and impacting market confidence.
- Market Reaction: Following the trial results, Grail's stock fell by 14.3% in a single day, reducing its market capitalization to $2 billion, indicating significant investor anxiety regarding its future profitability.
- Uncertain Medicare Coverage: Grail has been striving to secure Medicare coverage for the Galleri test, but the disappointing trial results cast doubt on this goal, potentially affecting the company's long-term strategic direction.
See More
Grail Stock Plummets 16% Amid Trial Failure
- Trial Results Disappoint: Grail's Galleri multi-cancer early detection trial failed to meet its primary endpoint, showing no statistically significant reduction in Stage III-IV cancer detection rates, leading to a stock price drop of over 16%, posing a significant challenge to the company's future market acceptance.
- Market Reaction Intense: As of 12:40, Grail's stock price fell by 15.16%, currently priced at $42.60 with a market cap of $2 billion and a trading volume of 4.6 million shares, indicating strong investor reaction and concerns about the company's outlook following the trial results.
- Insurance Payment Barriers: The trial's inability to demonstrate that the Galleri test effectively reduces late-stage cancer incidence may lead healthcare insurers to hesitate in covering the test, impacting Grail's revenue and market penetration capabilities.
- Uncertain Future Outlook: Although management noted plans to extend the trial's follow-up period and suggested that diagnostic resolution times may improve with physician experience, the current results cast a pessimistic shadow over the test's future market potential.
See More
Baker Bros. Advisors Increases GRAIL Stake by 455,208 Shares
- Share Acquisition: On February 17, 2026, Baker Bros. Advisors disclosed the purchase of 455,208 shares of GRAIL, valued at approximately $39.33 million, indicating confidence in GRAIL's future growth potential.
- Market Value and Revenue: GRAIL's market capitalization stands at $1.6 billion, with Q4 2025 revenue rising 14% to $43.6 million and full-year revenue increasing 17% to $147.2 million, showcasing its market potential in early cancer detection.
- Cash Flow and Financial Health: As of 2025, GRAIL holds $904.4 million in cash and marketable securities, expected to fund operations into 2030, despite facing a nearly 60% stock price drop due to disappointing clinical trial results.
- Market Outlook and Risks: While GRAIL's Galleri test showed improvements in early detection, the NHS-Galleri trial did not achieve a statistically significant reduction in late-stage cancers, prompting investors to monitor regulatory progress and market adoption to assess future investment risks.
See More
GRAIL Inc. Shares Drop After NHS-Galleri Trial Results
- Trial Results Impact: The NHS-Galleri trial indicated a clinically meaningful reduction of over 20% in Stage IV cancer diagnoses across 12 deadly cancers, although the primary endpoint was not met, leading to a significant drop in GRAIL's stock price due to unmet expectations.
- Market Reaction: GRAIL shares fell 2.27% to $49.07 in premarket trading on Monday, reflecting a nearly 51% decline from Friday's close, indicating that the stock's movement is primarily influenced by company-specific news rather than broader market trends.
- Technical Weakness: Currently, GRAIL's stock is trading 47.3% below its 20-day simple moving average and 40.5% below its 100-day SMA, highlighting significant short-term weakness, while the RSI at 50.93 suggests mixed momentum in market sentiment.
- Analyst Rating Changes: Despite the stock's decline, GRAIL maintains a Buy rating with an average price target of $100.50; however, analysts from Canaccord Genuity and Baird have lowered their targets to $80.00 and $82.00, indicating a cautious outlook on the company's future performance.
See More
Following Grail's Study Setback, What Remains for Cancer Blood Screening?
- Stock Performance: Grail's stock experienced a significant decline, losing half of its value last Friday.
- Market Reaction: The drastic drop in stock price indicates a negative market reaction, potentially affecting investor confidence.
See More
Grail Stock Surges Over 16% Amid Optimism for Future Developments
- Stock Rebound: Grail's stock surged over 16% by midday, following several days of sharp declines, indicating market optimism for future developments despite the Galleri multi-cancer early detection test missing its primary endpoint.
- Clinical Trial Results: The trial, involving 142,000 participants, failed to show a statistically significant reduction in Stage III and IV cancers across 12 deadly indications, although CEO Bob Ragusa stated this would not impact FDA approval likelihood.
- Insurance Payment Risks: The failure to meet the primary endpoint raises concerns that insurers may be reluctant to cover the test, potentially affecting market acceptance and future revenue streams.
- Follow-Up Data Anticipation: Analysts noted that Grail is extending the trial to gather 6 to 12 months of follow-up data, hoping this data will validate the study's effectiveness, although Ragusa acknowledged a longer follow-up period should have been allowed.
See More
Grail Shares Plunge 50% Amid Clinical Trial Setback
- Stock Price Volatility: Grail's shares plummeted by 50% last Friday, dropping from approximately $102 to $49, reflecting investor concerns about the company's outlook after a remarkable rise from $19 to $110 in 2025.
- Clinical Trial Setback: The company announced that its large clinical trial in England failed to meet the primary endpoint of reducing Stage III-IV cancer diagnoses, raising doubts about the effectiveness of the Galleri test and impacting market confidence.
- Market Reaction: Following the trial results, Grail's stock fell by 14.3% in a single day, reducing its market capitalization to $2 billion, indicating significant investor anxiety regarding its future profitability.
- Uncertain Medicare Coverage: Grail has been striving to secure Medicare coverage for the Galleri test, but the disappointing trial results cast doubt on this goal, potentially affecting the company's long-term strategic direction.
See More
Grail Stock Plummets 16% Amid Trial Failure
- Trial Results Disappoint: Grail's Galleri multi-cancer early detection trial failed to meet its primary endpoint, showing no statistically significant reduction in Stage III-IV cancer detection rates, leading to a stock price drop of over 16%, posing a significant challenge to the company's future market acceptance.
- Market Reaction Intense: As of 12:40, Grail's stock price fell by 15.16%, currently priced at $42.60 with a market cap of $2 billion and a trading volume of 4.6 million shares, indicating strong investor reaction and concerns about the company's outlook following the trial results.
- Insurance Payment Barriers: The trial's inability to demonstrate that the Galleri test effectively reduces late-stage cancer incidence may lead healthcare insurers to hesitate in covering the test, impacting Grail's revenue and market penetration capabilities.
- Uncertain Future Outlook: Although management noted plans to extend the trial's follow-up period and suggested that diagnostic resolution times may improve with physician experience, the current results cast a pessimistic shadow over the test's future market potential.
See More
Baker Bros. Advisors Increases GRAIL Stake by 455,208 Shares
- Share Acquisition: On February 17, 2026, Baker Bros. Advisors disclosed the purchase of 455,208 shares of GRAIL, valued at approximately $39.33 million, indicating confidence in GRAIL's future growth potential.
- Market Value and Revenue: GRAIL's market capitalization stands at $1.6 billion, with Q4 2025 revenue rising 14% to $43.6 million and full-year revenue increasing 17% to $147.2 million, showcasing its market potential in early cancer detection.
- Cash Flow and Financial Health: As of 2025, GRAIL holds $904.4 million in cash and marketable securities, expected to fund operations into 2030, despite facing a nearly 60% stock price drop due to disappointing clinical trial results.
- Market Outlook and Risks: While GRAIL's Galleri test showed improvements in early detection, the NHS-Galleri trial did not achieve a statistically significant reduction in late-stage cancers, prompting investors to monitor regulatory progress and market adoption to assess future investment risks.
See More
GRAIL Inc. Shares Drop After NHS-Galleri Trial Results
- Trial Results Impact: The NHS-Galleri trial indicated a clinically meaningful reduction of over 20% in Stage IV cancer diagnoses across 12 deadly cancers, although the primary endpoint was not met, leading to a significant drop in GRAIL's stock price due to unmet expectations.
- Market Reaction: GRAIL shares fell 2.27% to $49.07 in premarket trading on Monday, reflecting a nearly 51% decline from Friday's close, indicating that the stock's movement is primarily influenced by company-specific news rather than broader market trends.
- Technical Weakness: Currently, GRAIL's stock is trading 47.3% below its 20-day simple moving average and 40.5% below its 100-day SMA, highlighting significant short-term weakness, while the RSI at 50.93 suggests mixed momentum in market sentiment.
- Analyst Rating Changes: Despite the stock's decline, GRAIL maintains a Buy rating with an average price target of $100.50; however, analysts from Canaccord Genuity and Baird have lowered their targets to $80.00 and $82.00, indicating a cautious outlook on the company's future performance.
See More
