GRAIL Inc
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
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FY2024 · Filed Mar 5, 2025
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Consolidated Balance Sheets
(Amounts in thousands, except share and per share data)
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $214,234 | $97,287 |
| Short-term marketable securities | 549,236 | — |
| Accounts receivable, net(1) | 20,312 | 16,942 |
| Supplies(2) | 18,632 | 21,695 |
| Prepaid expenses and other current assets(3) | 17,447 | 20,141 |
| Total current assets | 819,861 | 156,065 |
| Property and equipment, net(4) | 69,061 | 84,995 |
| Operating lease right-of-use assets | 66,373 | 84,386 |
| Restricted cash | 3,349 | 4,225 |
| Intangible assets, net | 2,016,890 | 2,687,223 |
| Goodwill | — | 888,936 |
| Other non-current assets | 7,773 | 7,984 |
| Total assets | $2,983,307 | $3,913,814 |
| Liabilities and stockholders’/member’s equity | ||
| Current liabilities: | ||
| Accounts payable(5) | $4,844 | $19,673 |
| Accrued liabilities(6) | 57,241 | 73,806 |
| Incentive plan liabilities | — | 54,513 |
| Operating lease liabilities, current portion | 13,260 | 14,809 |
| Other current liabilities | 1,580 | 809 |
| Total current liabilities | 76,925 | 163,610 |
| Operating lease liabilities, net of current portion | 54,881 | 69,598 |
| Deferred tax liability, net | 345,860 | 32,921 |
| Other non-current liabilities | 2,236 | 1,498 |
| Total liabilities | 479,902 | 267,627 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’/member’s equity: | ||
| Preferred stock, par value of $0.001 per share; 50,000,000 shares authorized, no shares issued and outstanding as of December 31, 2024 and December 31, 2023 | — | — |
| Common stock $0.001 par value per share, 1,500,000,000 shares authorized, 33,893,409 shares issued and outstanding as of December 31, 2024, no shares authorized, issued and outstanding as of December 31, 2023 | 34 | — |
| Additional paid-in capital | 12,305,250 | — |
| Member’s equity | — | 11,421,446 |
| Accumulated other comprehensive income | 1,451 | 1,066 |
| Accumulated deficit | $(9,803,330) | $(7,776,325) |
| Total stockholders’/member’s equity | 2,503,405 | 3,646,187 |
| Total liabilities and stockholders’/member's equity | $2,983,307 | $3,913,814 |
(1) Includes related party accounts receivable, net of $65 and $80, respectively.
(2) Includes related party supplies of $3,130 and $5,855, respectively.
(3) Includes related party prepaid expenses and other current assets of $77 and $41, respectively.
(4) Includes related party property and equipment, net of $2,227 and $3,640, respectively.
(5) Includes related party accounts payable of $— and $168, respectively.
(6) Includes related party accrued liabilities of $104 and $95, respectively.
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