GUARDANT HEALTH, INC. financials
Source: EDGAR filings · Built 2026-06-02T03:07:40Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -233.07M | -274.94M | -345.46M | -387.00M | -284.20M | -140.27M |
| EBITDA | -397.51M | -401.21M | -521.84M | -508.42M | -388.73M | -238.88M |
| Working Capital | 1.16B | 829.53M | 1.14B | 998.37M | 919.44M | 1.82B |
| Net Debt | 1.33B | 810.51M | 220.23M | 1.23B | 881.53M | 21.51M |
| Gross Margin | 64.46% | 60.79% | 59.74% | — | — | — |
| Operating Margin | -44.53% | -60.02% | -100.14% | -121.10% | -110.00% | -88.92% |
| Net Margin | -42.39% | -59.05% | -85.02% | -145.61% | -102.98% | -85.89% |
| Return on Equity (ROE) | 419.18% | 312.48% | -302.14% | -1087.72% | -59.65% | -18.97% |
| Return on Assets (ROA) | -20.67% | -29.37% | -26.84% | -40.66% | -17.45% | -10.84% |
| Current Ratio | 4.84× | 4.68× | 6.54× | 6.17× | 5.72× | 28.27× |
| Debt-to-Equity | -17.22× | -9.57× | 8.53× | 22.75× | 2.13× | 0.66× |
| Effective Tax Rate | 0.30% | -0.30% | -0.14% | -0.17% | -0.08% | -0.15% |
| Cash Conversion Ratio | 0.44× | 0.55× | 0.68× | 0.47× | 0.54× | 0.42× |
| Accruals Ratio | -0.12× | -0.13× | -0.09× | -0.21× | -0.08× | -0.06× |
| SBC % of Revenue | 16.93% | 19.00% | 16.09% | 21.06% | 40.53% | 50.26% |
| CapEx Coverage | -3.82× | -6.84× | -15.86× | -3.99× | -2.78× | -2.86× |
| Free Cash Flow Per Share | $-1.86 | $-2.24 | $-3.08 | $-3.79 | $-2.81 | $-1.44 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 982.02M | 739.02M | 563.95M | — | — | — |
| Revenues | 982.02M | 739.02M | 563.95M | 449.54M | 373.65M | 286.73M |
| Cost of Goods and Services Sold | 349.01M | 289.80M | 227.05M | — | — | — |
| Research and Development Expense | 364.19M | 347.75M | 367.19M | 373.81M | 263.22M | 149.86M |
| Operating Income (Loss) | -437.25M | -443.59M | -564.73M | -544.38M | -411.00M | -254.95M |
| Income Tax Expense (Benefit) | -1.26M | 1.28M | 685.00K | 1.14M | 300.00K | 379.00K |
| Net Income (Loss) Attributable to Parent | -416.28M | -436.37M | -479.45M | -654.59M | -384.77M | — |
| Earnings Per Share, Basic | $-3.32 | $-3.56 | $-4.28 | $-6.41 | $-4.00 | $-2.60 |
| Weighted Average Number of Shares Outstanding, Basic | 125.37M | 122.75M | 111.99M | 102.18M | 101.31M | 97.50M |
| Earnings Per Share, Diluted | $-3.32 | $-3.56 | $-4.28 | $-6.41 | $-4.00 | $-2.60 |
| Weighted Average Number of Shares Outstanding, Diluted | 125.37M | 122.75M | 111.99M | 102.18M | 101.31M | 97.50M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 378.20M | 525.54M | 1.13B | 141.65M | 492.20M | 832.98M |
| Assets, Current | 1.47B | 1.06B | 1.35B | 1.19B | 1.11B | 1.89B |
| Assets | 2.01B | 1.49B | 1.79B | 1.61B | 2.20B | 2.27B |
| Long-term Debt | 1.50B | 1.14B | — | — | — | — |
| Liabilities, Current | 302.73M | 225.58M | 205.92M | 193.22M | 194.69M | 66.81M |
| Liabilities | 2.11B | 1.63B | 1.63B | 1.55B | 1.56B | 916.19M |
| Stockholders' Equity Attributable to Parent | -99.31M | -139.65M | 158.68M | 60.18M | 645.00M | 1.30B |
| Common Stock, Shares, Outstanding | 130.64M | 123.99M | 121.63M | 102.62M | 101.77M | 100.21M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -184.76M | -239.86M | -324.98M | -309.46M | -209.02M | -103.93M |
| Payments to Acquire Property, Plant, and Equipment | 48.31M | 35.09M | 20.49M | 77.46M | 75.03M | 36.17M |
| Net Cash Provided by (Used in) Investing Activities | -627.20M | -261.31M | 840.25M | 149.82M | -63.16M | -617.09M |
| Payments for Repurchase of Common Stock | 45.01M | 0 | 0 | — | — | 0 |
| Net Cash Provided by (Used in) Financing Activities | 671.13M | -996.00K | 477.38M | -189.09M | -66.82M | 1.41B |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -71.20M | -54.22M | -178.84M | -133.08M | -67.15M | -83.39M |
| EBITDA | -111.91M | -110.75M | — | — | -100.81M | -115.51M |
| Working Capital | 1.08B | 1.16B | 591.97M | 645.00M | 701.27M | 829.53M |
| Net Debt | 715.26M | 1.33B | 746.36M | 705.01M | 607.81M | 810.51M |
| Gross Margin | 65.22% | 64.63% | 64.71% | 65.01% | 63.28% | 61.55% |
| Operating Margin | -40.23% | -42.95% | -37.33% | -45.85% | -54.57% | -62.42% |
| Net Margin | -37.15% | -45.68% | -34.96% | -43.04% | -46.77% | -55.00% |
| Return on Equity (ROE) | 61.89% | 129.39% | 26.16% | 32.70% | 37.94% | 79.49% |
| Return on Assets (ROA) | -5.85% | -6.38% | -7.26% | -7.50% | -7.08% | -7.47% |
| Current Ratio | 4.68× | 4.84× | 3.50× | 3.71× | 4.11× | 4.68× |
| Debt-to-Equity | -9.41× | -17.22× | -3.74× | -4.37× | -5.21× | -9.57× |
| Effective Tax Rate | -0.33% | 1.33% | -0.15% | -0.04% | -0.31% | -0.65% |
| Cash Conversion Ratio | 0.59× | 0.21× | 1.71× | 1.23× | 0.66× | 0.58× |
| Accruals Ratio | -0.02× | -0.05× | 0.05× | 0.02× | -0.02× | -0.03× |
| SBC % of Revenue | 15.78% | 15.36% | 46.39% | 34.56% | 18.56% | 18.02% |
| CapEx Coverage | -11.76× | -0.95× | -7.74× | -12.17× | -14.06× | -3.42× |
| Free Cash Flow Per Share | $-0.54 | $-0.43 | $-1.43 | $-1.07 | $-0.54 | $-0.68 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/S | 11.25× | 13.59× | 8.65× | 7.82× | 6.81× | 5.13× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 301.67M | 281.27M | 265.20M | 232.09M | 203.47M | 201.81M |
| Revenues | 301.67M | 281.27M | 265.20M | 232.09M | 203.47M | 201.81M |
| Cost of Goods and Services Sold | 104.92M | 99.49M | 93.59M | 81.20M | 74.72M | 77.59M |
| Research and Development Expense | 91.04M | 98.26M | 89.96M | 87.45M | 88.52M | 93.54M |
| Operating Income (Loss) | -121.35M | -120.81M | -98.99M | -106.41M | -111.04M | -125.97M |
| Income Tax Expense (Benefit) | 372.00K | -1.73M | 136.00K | 38.00K | 290.00K | 716.00K |
| Net Income (Loss) Attributable to Parent | -112.08M | -128.49M | -92.72M | -99.90M | -95.16M | -111.01M |
| Earnings Per Share, Basic | $-0.85 | $-1.00 | $-0.74 | $-0.80 | $-0.77 | $-0.90 |
| Weighted Average Number of Shares Outstanding, Basic | 131.27M | 125.37M | 124.81M | 124.11M | 123.87M | 122.75M |
| Earnings Per Share, Diluted | $-0.85 | $-1.00 | $-0.74 | $-0.80 | $-0.77 | $-0.90 |
| Weighted Average Number of Shares Outstanding, Diluted | 131.27M | 125.37M | 124.81M | 124.11M | 123.87M | 122.75M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 989.29M | 378.20M | 580.01M | 629.14M | 698.57M | 525.54M |
| Assets, Current | 1.37B | 1.47B | 828.88M | 883.43M | 927.03M | 1.06B |
| Assets | 1.92B | 2.01B | 1.28B | 1.33B | 1.34B | 1.49B |
| Long-term Debt | 1.50B | 1.50B | 1.11B | 1.12B | 1.12B | 1.14B |
| Liabilities, Current | 292.14M | 302.73M | 236.92M | 238.43M | 225.75M | 225.58M |
| Liabilities | 2.10B | 2.11B | 1.63B | 1.64B | 1.60B | 1.63B |
| Stockholders' Equity Attributable to Parent | -181.07M | -99.31M | -354.47M | -305.48M | -250.79M | -139.65M |
| Common Stock, Shares, Outstanding | 131.51M | 130.64M | 125.01M | 124.48M | 123.65M | 123.99M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -65.62M | -26.37M | -158.39M | -122.97M | -62.69M | -64.51M |
| Payments to Acquire Property, Plant, and Equipment | 5.58M | 27.85M | 20.46M | 10.11M | 4.46M | 18.88M |
| Net Cash Provided by (Used in) Investing Activities | 699.42M | -905.07M | 277.87M | 292.21M | 302.86M | 10.53M |
| Payments for Repurchase of Common Stock | 0 | 0 | 45.01M | 45.01M | 45.01M | 0 |
| Net Cash Provided by (Used in) Financing Activities | -21.58M | 732.03M | -60.90M | -65.23M | -66.85M | -2.94M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (GH CIK 0001576280),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.