Ganoderma lucidum is widely known for its herbal remedial properties and high nutrient value. This study was conducted to examine the nutritional composition (fat, carbohydrates, proteins, crude fibers, ash, moisture and minerals), phytochemicals (phenolics, flavonoids, tannin, saponin, phytate, terpenoids, lycopene, and β-carotene), antioxidants and antimicrobial activity of G. lucidum. In our study, G. lucidum Philippine strain was cultured on Potato Dextrose Agar, cultivated in a sawdust and rice bran substrate and harvested for the nutritional and phytochemical studies. The mushroom was identified as G. lucidum based on sequence analysis using the BLAST database. The nutritional content analysis showed that G. lucidum contains protein (10.53%), carbohydrates (20.26%), fat (1.32%), moisture (8.56%), crude fiber (7.81%), and ash (4.97%). The presence of copper (0.133 ± 0.003 mg/g), iron (0.059 ± 0.013 mg/g), manganese (0.022 ± 0.002 mg/g) and zinc (0.030 ± 0.001 mg/g) was observed in the sample. The mushroom also had phenolics (544.04 ± 0.07 mg GAE/100g), flavonoids (194.11 ± 0.04 mg QAE/100g), tannin (1275 ± 0.05 TAE mg/100g), lycopene (1.29 ± 0.06 mg carotenoids/g), β-carotene (2.98 ± 0.02 mg carotenoids/g), saponin (130.27 ± 0.04 mg/100g diosgenin), phytate (96.23 ± 0.03 mg/100g phytic acid) and terpenoid (3.4%). The antioxidant activity (IC50) was found to be 154.8 μg/ml. However, the sample did not show any antimicrobial activity at tested concentrations. Based on the findings of phytochemical and nutritional analysis, G. lucidum seems to be a good source of nutrients and antioxidants.