Guardant Health, Inc. (GH) FY2025 10-K Annual Report

Filed: Feb 19, 2026
Health Care
Services-Medical LaboratoriesSEC EDGAR

Guardant Health, Inc. (GH) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Guardant Health, Inc. FY2025 10-K Analysis

Business Overview

  • Core business: Precision oncology company providing liquid biopsy and blood-based tests for cancer detection, treatment selection, and monitoring across all disease stages
  • New emphasis: Expanded Guardant Reveal test for late-stage therapy response monitoring; Shield test granted FDA Breakthrough Device status for multi-cancer detection
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Management Discussion & Analysis

  • Revenue $982.0M in 2025 vs $739.0M in 2024, up $243M or 32.9% YoY
  • Net loss improved to $416.3M in 2025 from $436.4M in 2024, margin not explicitly stated
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Risk Factors

  • Medicare reimbursement 10%+ of revenue in 2025, 2024, 2023; risk from CMS regulation changes hindering direct billing
  • Geopolitical and economic instability, including wars, terrorism, pandemics, may disrupt business and affect operating results
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Guardant Health, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$982M

+32.9% YoY

Net Income

-$416M

+4.6% YoY

Operating Margin

-44.5%

+1550bp YoY

Net Margin

-42.4%

+1666bp YoY

ROE

419.2%

+10670bp YoY

Total Assets

$2.0B

+35.5% YoY

EPS (Diluted)

$-3.32

+6.7% YoY

Operating Cash Flow

-$185M

+23.0% YoY

Source: XBRL data from Guardant Health, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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