--- title: "Guardant Health Inc. Metrics Guide" description: "Guardant Health Inc. revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/guardant-health-inc/financial-metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Guardant Health Inc. Financial Metrics Guide ## Direct Answer > Guardant Health Inc. reported revenue of $982 million for the fiscal year ended December 31, 2025, with an operating margin of -44.5% and net income of -$416 million, according to its SEC filings. Revenue grew 32.9% from the prior year. ## What Are Guardant Health Inc.'s Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $982 million | $739 million | $564 million | $450 million | | Operating income | -$437 million | -$444 million | -$565 million | -$544 million | | Operating margin | -44.5% | -60.0% | -100.1% | -121.1% | | Net income | -$416 million | -$436 million | -$479 million | -$655 million | | Net margin | -42.4% | -59.1% | -85.0% | -145.6% | | Operating cash flow | -$185 million | -$240 million | -$325 million | -$309 million | | Capital expenditures | $48 million | $35 million | $20 million | $77 million | | Free cash flow | -$233 million | -$275 million | -$345 million | -$387 million | Operating margin widened by 15.5 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was -$233 million against net income of -$416 million; cash generation covered reported earnings. ![Bar chart of Guardant Health Inc. revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $982 million, operating income negative $437 million and net income negative $416 million.](https://www.getswoopr.com/images/charts/guardant-health-inc-metrics-revenue-profit.webp) *Guardant Health Inc. revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Guardant Health Inc. operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was -44.5% and net margin was -42.4%.](https://www.getswoopr.com/images/charts/guardant-health-inc-metrics-margins.webp) *Guardant Health Inc. operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Guardant Health Inc. operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was negative $185 million, capital expenditures was $48 million, free cash flow was negative $233 million.](https://www.getswoopr.com/images/charts/guardant-health-inc-metrics-cash-flow.webp) *Guardant Health Inc. operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Guardant Health Inc.'s Balance Sheet Show? | Cash and cash equivalents | $378 million | | --- | --- | | Long-term debt | $1.5 billion | | Total assets | $2.0 billion | | Total liabilities | $2.1 billion | | Shareholders' equity | -$99 million | | Current ratio | 4.8x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Guardant Health Inc. reported in its own SEC filings, read from the SEC's XBRL data (accession 0001576280-26-000013 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Guardant Health Inc.'s revenue in fiscal 2025? Guardant Health Inc. reported revenue of $982 million for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Guardant Health Inc.'s operating margin? Guardant Health Inc.'s operating margin was -44.5% in fiscal 2025: operating income of -$437 million on revenue of $982 million. ### How much free cash flow did Guardant Health Inc. generate? Operating cash flow of -$185 million less capital expenditures of $48 million gives free cash flow of -$233 million for fiscal 2025. ## References - [SEC EDGAR: Guardant Health, Inc. Form 10-K filed February 19, 2026](https://www.sec.gov/Archives/edgar/data/1576280/000157628026000013/gh-20251231.htm) - [SEC EDGAR: Guardant Health, Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1576280&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Guardant Health Inc. company dossier](https://www.getswoopr.com/stocks/companies/guardant-health-inc/) - [Guardant Health Inc. financial metrics](https://www.getswoopr.com/stocks/companies/guardant-health-inc/financial-metrics/) - [Guardant Health Inc. financial risk indicators](https://www.getswoopr.com/stocks/companies/guardant-health-inc/risks-monitoring/) - [Guardant Health Inc. business model and revenue mix](https://www.getswoopr.com/stocks/companies/guardant-health-inc/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) [Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/) Swoopr's editorial team produces independent investment education content. 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