Guardant Health, Inc. balance sheet

At the end of fiscal 2025, Guardant Health, Inc. had total assets of $2.01bn, total liabilities of $2.11bn and shareholders' equity of −$99.3m. It held $378m in cash against $1.50bn of debt: net debt of $1.13bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Guardant Health, Inc.: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	34	72	141	143	833	492	142	1,134	526	378	1,053
Receivables	—	13	41	48	53	98	97	89	110	138	144
Inventory	—	7	9	15	23	31	52	62	71	86	105
Total current assets	—	243	469	597	1,888	1,114	1,192	1,347	1,055	1,466	1,365
Goodwill	—	—	0	3	3	3	3	3	3	77	77
Total assets	—	343	587	963	2,272	2,204	1,610	1,786	1,486	2,014	1,912
Accounts payable	—	5	11	16	7	39	69	52	39	54	94
Deferred revenue (current)	—	3	16	12	9	11	17	18	35	51	45
Total current liabilities	—	20	47	73	67	195	193	206	226	303	339
Long-term debt	—	—	—	—	—	—	—	—	1,143	1,504	1,503
Total debt	0	0	0	0	806	1,135	1,137	1,140	1,143	1,504	1,503
Total liabilities	—	34	62	115	916	1,559	1,550	1,628	1,625	2,113	2,135
Shareholders' equity	80	309	483	798	1,298	645	60	159	−140	−99	−223
Non-controlling interests and other (assets − liabilities − equity)	—	—	42	50	57	—	—	—	—	—	—
Net debt (negative = net cash)	−34	−72	−141	−143	−27	643	996	6	617	1,126	449
Shares outstanding	—	36m	86m	94m	100m	102m	103m	122m	124m	131m	134m

US$ millions unless shown otherwise. Fiscal quarters.

Guardant Health, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	88	110	115	130	116	138	137	144
Inventory	72	71	77	84	90	86	84	105
Total current assets	1,227	1,055	927	883	829	1,466	1,368	1,365
Goodwill	3	3	3	3	3	77	77	77
Total assets	1,539	1,486	1,344	1,332	1,277	2,014	1,915	1,912
Accounts payable	15	39	50	45	20	54	75	94
Deferred revenue (current)	30	35	36	54	47	51	48	45
Total current liabilities	197	226	226	238	237	303	292	339
Long-term debt	—	1,143	1,116	1,116	1,115	1,504	1,503	1,503
Total debt	—	1,143	1,116	1,116	1,115	1,504	1,503	1,503
Total liabilities	1,599	1,625	1,595	1,637	1,631	2,113	2,096	2,135
Shareholders' equity	−60	−140	−251	−305	−354	−99	−181	−223
Shares outstanding	123m	124m	124m	124m	125m	131m	132m	134m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Guardant Health, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Guardant Health, Inc.