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Illumina10-Q: Compliance burden

Managing $40M liability and complex quarterly payments for GRAIL divestiture until 2033

What happened

Illumina holds a $40 million contingent consideration liability for the GRAIL divestiture, requiring complex quarterly revenue-based payments through August 2033. This long-term obligation creates a significant financial tracking and reporting burden for the CFO's organization, requiring robust systems to ensure compliance.

Source

SEC EDGARJul 31, 2026

Quarterly report (Form 10-Q)

Illumina 10-Q

Filing excerpt

As of June 28, 2026, the fair value of our contingent consideration liability related to GRAIL was $40 million, of which $39 million was included in other long-term liabilities.

sec.gov/Archives/edgar/data/1110803/000111080326000160/ilmn-20260628.htmRead the full source

Other signals in this filing (8)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Compliance burden

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
06/28
Filed
Jul 31, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$40M (Fair value of contingent consideration liability related to GRAIL)

Details

CIK
1110803
Accession number
0001110803-26-000160
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
GRC tools needed
Signal category
Risk

Topics and mentions

Vendors

  • GRAIL

Extraction

Confidence
High
Relevance
80%
Sentiment
Negative
Detected
Aug 4, 2026
signal_type
sec-10q
signal_subtype
complianceBurden

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/9ab0c131-76bb-4662-8ba0-5bbc07983224 returns this record as JSON. POST /v1/companies/enrich returns every signal for illumina.com.

{
  "signal_id": "9ab0c131-76bb-4662-8ba0-5bbc07983224",
  "signal_type": "sec-10q",
  "signal_subtype": "complianceBurden",
  "detected_at": "2026-08-04T07:05:11.35+00:00",
  "company": {
    "name": "Illumina",
    "domain": "illumina.com"
  },
  "data": {
    "detail": "Illumina holds a $40 million contingent consideration liability for the GRAIL divestiture, requiring complex quarterly revenue-based payments through August 2033. This long-term obligation creates a significant financial tracking and reporting burden for the CFO's organization, requiring robust systems to ensure compliance.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "Fair value of contingent consideration liability related to GRAIL",
      "dollar_millions": 40
    },
    "summary": "Managing $40M liability and complex quarterly payments for GRAIL divestiture until 2033",
    "excerpts": "As of June 28, 2026, the fair value of our contingent consideration liability related to GRAIL was $40 million, of which $39 million was included in other long-term liabilities.",
    "relevance": 0.8,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1110803/000111080326000160/ilmn-20260628.htm",
    "filing_date": "2026-07-31",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "06/28",
    "sales_relevance": "GRC tools needed",
    "signal_category": "risk",
    "vendors_mentioned": [
      "GRAIL"
    ]
  }
}

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