
Guardant Health Income Statement 2025-2011 | GH
Brief overview of income trends at Guardant Health
The overview follows changes across a five-year period. Guardant Health reported revenue of $287 million in 2020 and $982 million by 2025. The five-year change reached +242.5%, while CAGR stood at 27.9%. Revenue growth reflects a pronounced phase of business expansion.
Over the period, EBITDA shifted from −$239 million to −$398 million, a change of −66.4%. EBITDA lagged revenue, showing weaker operating momentum. At the operating-margin level, the figure shifted from −83.3% to −40.5%. The company improved its ability to convert sales into EBITDA.
The final result was −246 million dollars initially and −416 million dollars in the final year. Larger losses indicate rising pressure on the business.
Market capitalization changed from 12.6 billion dollars to 13.4 billion dollars (+6.9%). Valuation expanded much faster than the underlying results.
Summary assessment
The five-year picture requires weighing both strengths and weaknesses. The constructive conclusion rests on a larger revenue base and an improving EBITDA margin. Caution is warranted because of a narrow EBITDA buffer and a weaker final result. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Guardant Health
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
13.4 B | 5.84 B | 2.5 B | 2.66 B | 10.1 B | 12.6 B | 7.16 B | 1.21 B | - | - | - | - | - | - | - |
Shares |
125 M | 123 M | 112 M | 102 M | 101 M | 97.5 M | 90.6 M | 30.4 M | - | - | - | - | - | - | - |
Historical Prices |
107 | 47.6 | 22.3 | 26 | 100 | 129 | 78.1 | 37.6 | - | - | - | - | - | - | - |
Net Income |
-416 M | -436 M | -479 M | -655 M | -385 M | -246 M | -75.7 M | -85.1 M | -83.2 M | -46.1 M | - | - | - | - | - |
Revenue |
982 M | 739 M | 564 M | 450 M | 374 M | 287 M | 214 M | 90.6 M | 49.8 M | 25.2 M | - | - | - | - | - |
Cost of Revenue |
349 M | 290 M | 227 M | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | 144 M | 47.4 M | 18.2 M | 3.12 M | - | - | - | - | - |
Operating Income |
-437 M | -444 M | -565 M | -544 M | -411 M | -255 M | -82.4 M | -92.9 M | -76.6 M | -43.8 M | - | - | - | - | - |
Interest Expense |
-10.5 M | -42.6 M | 2.58 M | 2.58 M | 2.58 M | 4.77 M | 1.18 M | 1.25 M | 2.7 M | 3.02 M | - | - | - | - | - |
EBITDA |
-398 M | -401 M | -522 M | -508 M | -389 M | -239 M | -68.8 M | -85.8 M | -71.4 M | -40.2 M | - | - | - | - | - |
Operating Expenses |
- | - | - | - | - | - | 226 M | 140 M | 94.8 M | 47 M | - | - | - | - | - |
General and Administrative Expenses |
211 M | 180 M | 156 M | 164 M | 207 M | 193 M | 61.4 M | 36.2 M | 36.8 M | 9.92 M | - | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement Guardant Health
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
131 M | 125 M | 124 M | 124 M | 124 M | 123 M | 122 M | 122 M | 122 M | 118 M | 109 M | 103 M | 103 M | 102 M | 102 M | 102 M | 102 M | 101 M | 101 M | 101 M | 100 M | 99.6 M | 96 M | 94.4 M | 94.3 M | 93.3 M | 89 M | 85.9 M | 85.8 M | 12.6 M | 12.4 M | 11.9 M | 11.9 M | 12.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-112 M | -92.7 M | -99.9 M | -95.2 M | - | -108 M | -103 M | -115 M | - | -86.1 M | -72.8 M | -134 M | - | -162 M | -229 M | -123 M | - | -108 M | -97.6 M | -107 M | - | -71.7 M | -49.7 M | -31.8 M | - | -13.1 M | -11.3 M | -21.4 M | - | -24.5 M | -21.6 M | -13.8 M | - | -28.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
302 M | 265 M | 232 M | 203 M | - | 191 M | 177 M | 168 M | - | 143 M | 137 M | 129 M | - | 117 M | 109 M | 96.1 M | - | 94.8 M | 92.1 M | 78.7 M | - | 74.6 M | 66.3 M | 67.5 M | - | 60.8 M | 54 M | 36.7 M | - | 21.7 M | 19.4 M | 16.7 M | - | 11.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
105 M | 93.6 M | 81.2 M | 74.7 M | - | - | 72.4 M | 65.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-121 M | -99 M | -106 M | -111 M | - | -117 M | -101 M | -99.7 M | - | -114 M | -120 M | -134 M | - | -145 M | -130 M | -123 M | - | -107 M | -97.6 M | -108 M | - | -74.3 M | -54.6 M | -34.9 M | - | -17.5 M | -15.3 M | -23.7 M | - | -24.2 M | -22.7 M | -18.6 M | - | -28.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
-157 K | -48 K | -25 K | 7.85 M | - | -3.01 M | -15.1 M | -29.1 M | - | 16.9 M | 41.3 M | 644 K | - | 644 K | 645 K | 644 K | - | 644 K | 644 K | 646 K | - | 8 K | 10 K | 12 K | - | 280 K | 287 K | 293 K | - | 304 K | 317 K | 331 K | - | 303 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-112 M | -69.3 M | -96.8 M | -101 M | - | -107 M | -90.5 M | -89 M | - | -103 M | -110 M | -124 M | - | -136 M | -122 M | -116 M | - | -91.1 M | -92.5 M | -103 M | - | -62.8 M | -47.5 M | -31.6 M | - | -9.51 M | -10.3 M | -21.3 M | 6.1 M | -19.2 M | -19.7 M | -17.3 M | - | -24.9 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
57.9 M | 53.3 M | 50.3 M | 47 M | - | 49.1 M | 40.5 M | 38.7 M | - | 36.2 M | 41.5 M | 40.4 M | - | 41.1 M | 43.7 M | 41.3 M | - | 50.1 M | 48.4 M | 67.9 M | - | 66.3 M | 37.2 M | 19.8 M | - | 16.4 M | 13.4 M | 12.7 M | - | 8.13 M | 9 M | 6.52 M | - | 16.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Guardant Health (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.