analyzeportfolio
Nasdaq · Healthcare

Guardant Health, Inc. (GH)

As-reported financials and SEC filings for Guardant Health, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Guardant Health, Inc.

Guardant Health, Inc. is a precision oncology company that develops blood and tissue tests to provide insights into cancer detection, monitoring, and treatment. Its products include the Guardant360 liquid biopsy tests for tumor mutation profiling and therapy selection, the Guardant Reveal test for minimal residual disease detection and therapy response monitoring, and the Shield blood test for colorectal cancer screening. The company serves cancer patients, healthcare providers, and biopharmaceutical companies involved in cancer research and drug development.

Snapshot

Revenue
$982.0M
Revenue growth (YoY)
32.9%
Net income
$-416.3M
Diluted EPS
$-3.32
Gross margin
64.5%
Operating margin
-44.5%
Net margin
-42.4%
FCF margin
-23.7%
ROE
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$22.06B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Guardant Health

  • Revenue grew 32.9% to $982M in FY2025, in line with the 31.0% the year before.
  • Operating margin is -44.5% in FY2025, +65.5 pp against -110.0% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $335M, up 44.3% from Q2 FY2025.
  • Free cash flow was negative $233M in FY2025.
  • Net loss narrowed to $416M in FY2025, from $436M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Guardant Health’s fundamentals sit among the 558 Healthcare companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin64.5%
59th percentile of 282
Operating margin-44.5%
13th percentile of 399
Net margin-42.4%
13th percentile of 418
FCF margin-23.7%
17th percentile of 372
Revenue growth (YoY)+32.9%
77th percentile of 538
Short interest5.74d
63rd percentile of 557

Guardant Health’s operating margin of -44.5% ranks in the 13th percentile of the 399 Healthcare companies reporting it. Guardant Health’s net margin of -42.4% ranks in the 13th percentile of the 418 Healthcare companies reporting it.

1 reported insider purchase (code P) totaling $78,456 in the last 90 days, against 40 sales totaling $82.5M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+6 quant / multi-strat
Initiated / added
6
1 new, 5 added
Reduced / exited
5
4 trimmed, 1 exited
Combined position
$1.45B
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$558.0M3.7MReduced
Millennium ManagementquantQ2 2026$243.4M1.6MAdded
Citadel AdvisorsquantQ2 2026$217.5M1.4MAdded
D. E. ShawquantQ2 2026$188.4M1.3MAdded
Point72 Asset ManagementquantQ2 2026$138.1M920.8KAdded
ARK Investment ManagementQ2 2026$76.0M506.4KAdded
AQR Capital ManagementquantQ2 2026$18.3M121.7KReduced
Polen Capital ManagementQ2 2026$5.2M34.4KReduced
Gotham Asset ManagementQ2 2026$3.0M20.2KNew
Bridgewater AssociatesQ2 2026$636,7274.2KReduced

No longer held by: Renaissance Technologies (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$78K
code P value
Sells (90d)
40
$82.5M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-21
filed 2026-08-24
Talasaz AmirAliCo-Chief Executive OfficerSell20.9K$169.16$3.5M
2026-08-21
filed 2026-08-24
Talasaz AmirAliCo-Chief Executive OfficerSell9.0K$168.20$1.5M
2026-08-21
filed 2026-08-24
Talasaz AmirAliCo-Chief Executive OfficerSell7.6K$170.29$1.3M
2026-08-17
filed 2026-08-18
Tariq MusaDirectorSell116$156.45$18K
2026-08-12
filed 2026-08-13
Monroe Terilyn J.Chief People OfficerSell19.0K$165.16$3.1M
2026-08-12
filed 2026-08-13
Monroe Terilyn J.Chief People OfficerSell13.2K$166.11$2.2M
2026-08-12
filed 2026-08-13
Monroe Terilyn J.Chief People OfficerSell9.9K$164.27$1.6M
2026-08-12
filed 2026-08-13
Monroe Terilyn J.Chief People OfficerSell3.7K$163.41$605K
2026-08-12
filed 2026-08-13
Monroe Terilyn J.Chief People OfficerSell400$167.92$67K
2026-08-10
filed 2026-08-11
Freeman ChrisChief Commercial OfficerSell35.4K$169.63$6.0M
2026-08-10
filed 2026-08-11
Freeman ChrisChief Commercial OfficerSell17.4K$170.24$3.0M
2026-08-10
filed 2026-08-11
Freeman ChrisChief Commercial OfficerSell7.4K$168.79$1.2M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
11.2M
settled 2026-08-14
Change vs prior
-2.0%
vs previous settlement
Days to cover
5.74
at avg daily volume
Avg daily volume
2.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1411.2M-2.0%5.74
2026-07-3111.4M-0.0%5.39
2026-07-1511.4M-5.9%4.05
2026-06-3012.1M-7.2%2.86
2026-06-1513.1M-0.9%6.38
2026-05-2913.2M+2.1%4.50
2026-05-1512.9M+1.0%7.07
2026-04-3012.8M+10.0%6.12

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$982.0M$739.0M$563.9M$449.5M$373.7M
Gross profit$633.0M$449.2M$336.9M
Operating income$-437.2M$-443.6M$-564.7M$-544.4M$-411.0M
Net income$-416.3M$-436.4M$-479.4M$-654.6M$-384.8M
Diluted EPS$-3.32$-3.56$-4.28$-6.41$-4.00

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$378.2M$525.5M$1.13B$141.6M$492.2M
Current assets$1.47B$1.06B$1.35B$1.19B$1.11B
Total assets$2.01B$1.49B$1.79B$1.61B$2.20B
Current liabilities$302.7M$225.6M$205.9M$193.2M$194.7M
Long-term debt$1.50B$1.14B
Total liabilities$2.11B$1.63B$1.63B$1.55B$1.56B
Total equity$-99.3M$-139.6M$158.7M$60.2M$645.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-184.8M$-239.9M$-325.0M$-309.5M$-209.0M
Capital expenditure$48.3M$35.1M$20.5M$77.5M$75.0M
Free cash flow$-233.1M$-274.9M$-345.5M$-386.9M$-284.1M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$335.0M44.3%$-120.1M$-0.90
Q1 FY2026$301.7M48.3%$-112.1M$-0.85
Q4 FY2025$281.3M39.4%$-128.5M$-1.00
Q3 FY2025$265.2M38.5%$-92.7M$-0.74
Q2 FY2025$232.1M30.9%$-99.9M$-0.80
Q1 FY2025$203.5M20.8%$-95.2M$-0.77
Q4 FY2024$201.8M30.2%$-111.0M$-0.90
Q3 FY2024$191.5M33.9%$-107.8M$-0.88

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryServices-Medical Laboratories
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2020
SEC CIK1576280

Selected SEC filings

10-K2026-02-19
View on EDGAR →
10-K2025-02-20
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2025-10-29
View on EDGAR →
10-Q2025-07-30
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-06-18
View on EDGAR →

Largest Healthcare peers

All Healthcare companies →

Monitor GH

Get an alert when Guardant Health files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor GH free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.