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Stock research / United States / GH · Services-Medical Laboratories · Nasdaq

Guardant Health, Inc. (GH)

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Guardant Health, Inc. (GH) reported revenue of $335 million for Q2 FY2026, the quarter ended 30 June 2026, up 44.3% on the same quarter a year earlier. Net income was -$120 million, and diluted earnings per share $-0.90. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$335 millionup 44.3%
Net income-$120 million
Diluted EPS$-0.90
QuarterQ2 FY2026ended 30 June 2026

Guardant Health (GH) in brief

Guardant Health (GH) reported revenue of $982 million for fiscal 2025, the year ended 31 December 2025, up 32.9% on the year before.
Read moreNet loss was $416 million and the diluted loss per share $3.32. Revenue was $739 million in fiscal 2024, $564 million in fiscal 2023, $450 million in fiscal 2022 and $374 million in fiscal 2021. Net income in the same years was a loss of $436 million, a loss of $479 million, a loss of $655 million and a loss of $385 million. Over the twelve months to 30 June 2026, Guardant Health reported revenue of $1.2 billion and net loss of $453 million. Revenue grew 27.9% a year, compounded, over the five years to fiscal 2025. Guardant Health had 134 million shares outstanding at the latest filed count. At 30 June 2026 it carried $1.5 billion of debt and $1.1 billion of cash. At the close of 27 October 2026 the market cap of Guardant Health was $23.8 billion.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin-39.7%
Net margin-38.3%
FCF margin-20.3%
Interest cover-97.65
Debt to equityn/a
Cash conversionn/a
Share count, last 12 months7.3%
Sales CAGR, 3 years29.8%
Profit CAGR, 3 yearsn/a
EPS, TTM-$3.49

At the close of 27 October 2026

Price$177.97
Market cap$23.8 billion
Stock P/En/a
Price to bookn/a
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales20.10
52-week high$187.33
52-week low$69.58
Price, 1 year151.2%
Price CAGR, 3 years92.5%
Price CAGR, 5 years8.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Guardant Health, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
GHgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on GH

Dividendsno dividend in its filings for fiscal 2016 onward
Filings17 in twelve months: 8 current reports (8-K), about 5 results of operations; 1 shareholder vote; 1 officer or director change; 1 regulation FD disclosure; 1 material agreement
Planned insider sales59 Form 144 notices in twelve months, $194.5 million; latest 16 October 2026
Options tapeput/call 1.45 by open interest at the 27 October 2026 close; the straddle prices a 15.9% move to 20 November 2026
13F holders601 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading144 sales and 1 purchase on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest11.7 million shares short, 6.69 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue94.810896.1109117127129137143155168177191202203232265281302335
Cost of revenuen/an/an/an/an/an/an/an/an/an/a65.372.474.577.674.781.293.699.5105116
Gross profitn/an/an/an/an/an/an/an/an/an/a103105117124129151172182197219
Gross marginn/an/an/an/an/an/an/an/an/an/a61%59%61%62%63%65%65%65%65%65%
R&D71.073.081.885.510010793.190.493.989.983.883.187.393.588.587.490.098.391.096.5
Operating income-107-98.2-123-130-145-146-134-120-114-198-99.7-101-117-126-111-106-99.0-121-121-129
Operating margin-113%-91%-128%-119%-123%-115%-104%-87%-79%-127%-59%-57%-61%-62%-55%-46%-37%-43%-40%-39%
Interest expense0.60.60.60.60.60.60.60.60.60.60.60.60.60.60.81.00.91.21.31.3
Pre-tax income-107-72.3-123-229-162-139-133-72.3-85.6-188-115-102-108-110-94.9-99.9-92.6-130-112-120
Net income-108-90.9-123-229-162-140-134-72.8-86.1-187-115-103-108-111-95.2-99.9-92.7-128-112-120
Net margin-113%-84%-128%-210%-138%-110%-104%-53%-60%-121%-68%-58%-56%-55%-47%-43%-35%-46%-37%-36%
Diluted EPS-$1.06-$0.89-$1.21-$2.25-$1.58-$1.36-$1.30-$0.67-$0.73-$1.58-$0.94-$0.84-$0.88-$0.90-$0.77-$0.80-$0.74-$1.00-$0.85-$0.90
Operating cash flow-53.1-77.0-28.6-112-78.2-90.7-74.4-94.0-77.8-78.7-30.3-94.0-51.1-64.5-62.7-60.3-35.4-26.4-65.6-57.8
Capital expenditure22.124.622.723.021.710.07.56.52.44.16.95.14.218.94.55.610.327.85.611.8
Free cash flow-75.3-102-51.3-135-99.9-101-82.0-101-80.2-82.8-37.2-99.1-55.3-83.4-67.1-65.9-45.8-54.2-71.2-69.5
Buybacksn/an/an/an/an/an/an/an/an/an/a0.00.00.00.045.00.00.00.00.00.0
Shares outstanding102m102m102m102m102m103m103m118m118m122m122m123m123m124m124m124m125m131m132m134m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 10 fiscal years and the trailing twelve months

FY2016FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue25.249.890.62142873744505647399821,183
Cost of revenuen/an/an/an/an/an/an/a227290349414
Gross profitn/an/an/an/an/an/an/a337449633769
Gross marginn/an/an/an/an/an/an/a59.7%60.8%64.5%65.0%
Research and development10.925.650.786.3150263374367348364376
Operating income-43.8-76.6-92.9-82.4-255-411-544-565-444-437-470
Operating margin-173.7%-153.7%-102.5%-38.4%-88.9%-110.0%-121.1%-100.1%-60.0%-44.5%-39.7%
Interest expense3.02.71.31.24.82.62.62.62.63.94.8
Pre-tax income-46.1-83.2-84.2-69.7-246-384-653-479-435-418-454
Income tax0.00.00.0-1.90.40.31.10.71.3-1.3-1.0
Net income-46.1-83.2-85.1-75.7-254-385-655-479-436-416-453
Net margin-182.7%-167.0%-93.8%-35.3%-88.5%-103.0%-145.6%-85.0%-59.0%-42.4%-38.3%
Diluted EPS-$3.53-$7.07-$2.80-$0.84-$2.60-$4.00-$6.41-$4.28-$3.56-$3.32-$3.49
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Oncology40454368469.6%
Biopharma and data13617821021.4%
Screening0.05.179.78.1%
Licensing and other23.713.58.60.9%
OncologyBiopharma and dataScreeningLicensing and other
564FY2023739FY2024982FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
United States52769792394.0%
International37.441.958.76.0%
United StatesInternational
564FY2023739FY2024982FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2016FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-36.7-72.2-72.2-47.1-104-209-309-325-240-185-185
Capital expenditure1.86.720.218.736.275.077.520.535.148.355.5
Free cash flow-38.5-78.9-92.4-65.9-140-284-387-345-275-233-241
Free cash flow margin-152.4%-158.3%-101.9%-30.7%-48.9%-76.0%-86.1%-61.3%-37.2%-23.7%-20.3%
Cash from investing26.2-170-153-318-617-63.2150840-261-627-119
Cash from financing39.82822933671,410-66.8-189477-1.0671738
Depreciation and amortisation3.75.27.111.416.122.336.042.942.439.738.5
Share-based compensation2.03.76.917.014415194.790.8140166191
Buybacks0.17.20.20.00.0n/an/a0.00.045.00.0
Diluted shares, weightedn/an/an/a91m98m101m102m112m123m125m133m
Shares outstanding at period endn/a12m86m94m100m102m103m122m124m131m134m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity79.73094837981,29864560.2159-140-99.3-223
Redeemable equityn/a0.041.849.657.10.0n/an/an/an/an/a
Debtn/an/an/a0.08061,1351,1371,1401,1431,5041,503
Operating lease liabilitiesn/an/an/a33.341.6226210186164178166
Other liabilitiesn/a34.362.581.368.3199202302318431466
Total liabilities and equityn/a3435879632,2722,2041,6101,7861,4862,0141,912
Owned
Fixed assetsn/a16.031.043.762.8124168145137146155
Goodwilln/an/a0.03.33.33.33.33.33.377.377.3
Intangible assetsn/an/a0.08.516.214.211.79.06.825.925.3
Investmentsn/a2223566481,2081,13987035.13148230.0
Cash and equivalents33.672.31411438334921421,1345263781,053
Receivablesn/a12.835.748.053.397.797.388.8110138144
Inventoryn/a7.39.115.222.730.751.661.971.185.9105
Other assetsn/a12.315.152.372.1303267310317339351
Total assetsn/a3435879632,2722,2041,6101,7861,4862,0141,912
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a27.9%29.8%42.7%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/an/an/an/a
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Guardant Health's revenue in fiscal 2025?

Guardant Health (GH) reported revenue of $982 million for fiscal 2025, the year ended 31 December 2025, up 32.9% on the year before.

How much did Guardant Health earn in fiscal 2025?

Net loss was $416 million for fiscal 2025, and the diluted loss per share $3.32.

What is Guardant Health's market cap?

The market cap of Guardant Health was $23.8 billion at the close of 27 October 2026.

How much debt does Guardant Health have?

At 30 June 2026 Guardant Health carried $1.5 billion of debt and $1.1 billion of cash.

Peers: Healthcare

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Natera, Inc. NTRA$59.0 billionn/a-10.6%-10.7%37.8%0.04n/a
Labcorp Holdings Inc. LH$26.8 billion27.4011.6%10.4%6.4%0.680.9%
Quest Diagnostics Inc. DGX$26.7 billion24.1614.8%14.6%9.1%0.731.4%
Guardant Health, Inc. GH$23.8 billionn/an/a-39.7%42.7%n/an/a
Tenet Healthcare Corp. THC$21.1 billion10.1148.1%20.8%5.4%2.84n/a
Caris Life Sciences, Inc. CAI$9.5 billion93.5617.8%15.5%n/a0.66n/a
Grail, Inc. GRAL$6.7 billionn/a-15.4%-338.4%23.1%0.00n/a
RadNet, Inc. RDNT$5.8 billionn/a-1.9%3.1%18.9%1.22n/a
Veracyte, Inc. VCYT$4.1 billion35.768.2%18.8%17.3%0.00n/a
CareDx, Inc. CDNA$3.6 billion34.0926.1%23.6%34.4%0.00n/a
Fortrea Holdings Inc. FTRE$2.3 billionn/a-16.3%-0.4%-2.1%2.01n/a
Personalis, Inc. PSNL$1.7 billionn/a-45.6%-164.1%-13.3%n/an/a
All 41 in Healthcare
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
HCA Healthcare, Inc. HCA$98.1 billion15.06n/a12.7%7.3%n/a0.7%
Natera, Inc. NTRA$59.0 billionn/a-10.6%-10.7%37.8%0.04n/a
Labcorp Holdings Inc. LH$26.8 billion27.4011.6%10.4%6.4%0.680.9%
Quest Diagnostics Inc. DGX$26.7 billion24.1614.8%14.6%9.1%0.731.4%
Guardant Health, Inc. GH$23.8 billionn/an/a-39.7%42.7%n/an/a
Tenet Healthcare Corp. THC$21.1 billion10.1148.1%20.8%5.4%2.84n/a
Encompass Health Corp. EHC$12.0 billion19.7923.9%18.0%9.5%1.010.6%
Davita Inc. DVA$11.6 billion14.87n/a15.2%6.4%n/an/a
BrightSpring Health Services, Inc. BTSG$11.5 billionn/an/an/an/a1.07n/a
Universal Health Services Inc. UHS$10.6 billion7.2220.3%11.4%10.0%0.650.5%
Ensign Group, Inc. ENSG$9.9 billion25.2115.6%9.0%17.5%0.080.2%
Caris Life Sciences, Inc. CAI$9.5 billion93.5617.8%15.5%n/a0.66n/a
Pacs Group, Inc. PACS$7.6 billion28.6324.2%7.4%16.6%0.220.5%
Grail, Inc. GRAL$6.7 billionn/a-15.4%-338.4%23.1%0.00n/a
Chemed Corp. CHE$6.7 billion25.5833.1%13.5%3.3%0.170.5%
Hims & Hers Health, Inc. HIMS$6.5 billionn/a-43.8%-6.0%28.0%4.21n/a
RadNet, Inc. RDNT$5.8 billionn/a-1.9%3.1%18.9%1.22n/a
Sotera Health Co. SHC$5.3 billion32.4624.6%n/a8.1%3.21n/a
Concentra Group Holdings Parent, Inc. CON$5.1 billion25.8241.7%16.4%14.0%3.300.6%
LifeStance Health Group, Inc. LFST$5.0 billion100.923.4%4.9%20.4%0.19n/a
Option Care Health, Inc. OPCH$4.7 billion23.5316.6%5.9%5.9%0.92n/a
Veracyte, Inc. VCYT$4.1 billion35.768.2%18.8%17.3%0.00n/a
CareDx, Inc. CDNA$3.6 billion34.0926.1%23.6%34.4%0.00n/a
National Healthcare Corp. NHC$3.3 billion23.8612.5%9.3%6.9%0.001.2%
Surgery Partners, Inc. SGRY$3.1 billionn/a-5.3%11.4%4.0%2.25n/a
Aveanna Healthcare Holdings, Inc. AVAH$2.8 billion10.3395.6%10.5%19.5%4.52n/a
Privia Health Group, Inc. PRVA$2.8 billion103.983.6%1.9%24.1%0.00n/a
Acadia Healthcare Company, Inc. ACHC$2.7 billionn/a-56.9%-32.6%4.3%1.22n/a
Pediatrix Medical Group, Inc. MD$2.3 billion13.8019.8%11.0%0.5%0.66n/a
Fortrea Holdings Inc. FTRE$2.3 billionn/a-16.3%-0.4%-2.1%2.01n/a
Brookdale Senior Living Inc. BKD$2.3 billionn/an/a3.5%-4.4%n/a0.0%
Addus HomeCare Corp. ADUS$2.3 billion21.279.2%10.0%15.9%0.05n/a
Progyny, Inc. PGNY$2.1 billion30.1417.3%8.6%5.5%0.00n/a
GeneDx Holdings Corp. WGS$1.9 billionn/a-43.5%-20.3%25.4%0.41n/a
Personalis, Inc. PSNL$1.7 billionn/a-45.6%-164.1%-13.3%n/an/a
Ardent Health, Inc. ARDT$1.7 billion21.535.8%3.2%3.3%0.82n/a
Healthcare Services Group Inc. HCSG$1.6 billion16.3519.7%n/a4.0%0.003.5%
Sonida Senior Living, Inc. SNDA$1.6 billionn/a-14.2%-13.6%49.4%1.82n/a
agilon health, Inc. AGL$1.5 billion27.83-102.1%-5.2%0.3%0.13n/a
U S Physical Therapy Inc. USPH$1.3 billion98.927.2%9.4%11.3%0.492.1%
AdaptHealth Corp. AHCO$797 millionn/a-16.6%-4.5%-0.4%1.37n/a
10 companies share its SEC industry code (Services-Medical Laboratories); the rest are the names nearest in size in its wider industry, Healthcare, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 202529 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 202530 April 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q30 September 20246 November 2024EDGAR
10-Q30 June 20247 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR