Guardant Health, Inc. GH

Healthcare SIC 8071 - Services-Medical Laboratories Nasdaq

We are a leading precision oncology company focused on guarding wellness and giving every person more time free from cancer. We are transforming patient care by providing critical insights into what drives disease through our advanced blood and tissue tests, real-world data and AI analytics. Our tests help improve outcomes across all stages of care, including screening to find cancer early, monitoring for recurrence in early-stage cancer, and treatment selection for patients with advanced cancer. For patients with advanced-stage cancer, we offer the Guardant360 Liquid test, formerly known as the Guardant360 LDT test, and the Guardant360 CDx test, the first comprehensive liquid biopsy test approved by the U.S. Food and Drug Administration, or the FDA, to provide tumor mutation profiling with solid tumors and to be used as a companion diagnostic in connection with non-small cell lung cancer, or NSCLC, colorectal cancer and breast cancer. We also offer the Guardant360 Tissue test for advanced-stage cancer and the Guardant Reveal test to detect residual and recurring disease in early-stage colorectal, breast and lung cancer patients. We have also expanded the Guardant Reveal test to include late-stage therapy response monitoring for patients with solid tumors. Our product portfolio is now powered by our Smart Platform, which utilizes methylation technology with genomic, epigenomic, and RNA-based data, to unlock multi-modal biology with proprietary chemistry, advanced algorithms and our InfinityAI learning engine.

Last close 161.41 2026-09-04
Market cap $21.66B 2026-06-30 share count
52-week range 53.40 - 176.58

Valuation FY2025 figures against the last close

P/S22.1x
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-3.32

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $982.0M$739.0M$563.9M$449.5M$373.7M$286.7M$214.4M$90.6M$49.8M$25.2M
Cost of revenue $349.0M$289.8M$227.1M
Gross profit $633.0M$449.2M$336.9M
R&D $364.2M$347.8M$367.2M$373.8M$263.2M$149.9M$86.3M$50.7M$25.6M$10.9M
SG&A $211.4M$180.1M$155.8M$164.0M$206.6M$192.8M$61.4M$36.2M$36.8M$9.9M
Total operating expenses $1.42B$1.18B$1.13B$993.9M$784.7M$541.7M$296.7M$183.6M$126.5M$69.1M
Operating income -$437.2M-$443.6M-$564.7M-$544.4M-$411.0M-$254.9M-$82.4M-$92.9M-$76.6M-$43.8M
Interest expense $3.9M$2.6M$2.6M$2.6M$2.6M$4.8M$1.2M$1.3M$2.7M$3.0M
Pre-tax income -$417.5M-$435.1M-$478.8M-$653.4M-$384.5M-$245.9M-$69.7M-$84.2M-$83.2M-$46.1M
Income tax $1.3M$1.3M$685.0K$1.1M$300.0K$379.0K$1.9M$38.0K$7.0K$6.0K
Net income -$416.3M-$436.4M-$479.4M-$654.6M-$384.8M-$246.3M-$67.9M-$84.3M-$83.2M-$46.1M
EPS, basic -3.32-3.56-4.28-6.41-4.00-2.60-0.84
EPS, diluted -3.32-3.56-4.28-6.41-4.00-2.60-0.84-2.80-7.07-3.53
Shares, diluted (wtd. avg.) $125.4M$122.7M$112.0M$102.2M$101.3M$97.5M$90.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $378.2M$525.5M$1.13B$141.9M$492.3M$833.0M$143.2M$140.5M$72.6M$33.6M
Short-term investments $823.4M$314.4M$35.1M$869.6M$440.5M$961.9M$379.6M$278.4M
Receivables $137.8M$110.3M$88.8M$97.3M$97.7M$53.3M$48.0M$35.7M
Inventory $85.9M$71.1M$61.9M$51.6M$30.7M$22.7M$15.2M$9.1M
Total current assets $1.47B$1.06B$1.35B$1.19B$1.11B$1.89B$597.4M$469.0M
Property, plant and equipment $145.9M$136.8M$145.1M$167.9M$124.5M$62.8M$43.7M$31.0M
Goodwill $77.3M$3.3M$3.3M$3.3M$3.3M$3.3M$3.3M$0
Other intangibles $25.9M$6.8M$9.0M$11.7M$14.2M$16.2M$8.5M$0
Total assets $2.01B$1.49B$1.79B$1.61B$2.20B$2.27B$962.5M$587.4M
Accounts payable $54.4M$38.6M$51.7M$68.9M$38.5M$7.3M$16.2M$10.6M
Total current liabilities $302.7M$225.6M$205.9M$193.2M$194.7M$66.8M$72.7M$46.9M
Long-term debt $1.50B$1.14B
Total liabilities $2.11B$1.63B$1.63B$1.55B$1.56B$916.2M$114.5M$62.5M
Retained earnings -$2.99B-$2.58B-$2.14B-$1.66B-$1.01B-$606.6M-$352.8M-$280.8M
Total equity -$99.3M-$139.6M$158.7M$60.2M$645.0M$1.30B$798.4M$483.2M$308.6M$79.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$184.8M-$239.9M-$325.0M-$309.5M-$209.0M-$103.9M-$47.1M-$72.2M-$72.2M-$36.7M
Depreciation and amortisation $39.7M$42.4M$42.9M$36.0M$22.3M$16.1M$11.4M$7.1M$5.2M$3.7M
Stock-based compensation $166.2M$140.4M$90.8M$94.7M$151.4M$144.1M$17.0M$6.9M$3.7M$2.0M
Capital expenditure $48.3M$35.1M$20.5M$77.5M$75.0M$36.2M$18.7M$20.2M$6.7M$1.8M
Investing cash flow -$627.2M-$261.3M$840.2M$149.8M-$63.2M-$617.1M-$317.6M-$153.0M-$170.4M$26.2M
Financing cash flow $671.1M-$996.0K$477.4M-$189.1M-$66.8M$1.41B$367.3M$293.2M$281.7M$39.8M
Buybacks $45.0M$0$0$0$0$172.0K$7.2M$100.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-187403.

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