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Side-by-side financial comparison of ATLANTIC AMERICAN CORP (AAME) and Xeris Biopharma Holdings, Inc. (XERS). Click either name above to swap in a different company.

Xeris Biopharma Holdings, Inc. is the larger business by last-quarter revenue ($85.8M vs $53.8M, roughly 1.6× ATLANTIC AMERICAN CORP). Xeris Biopharma Holdings, Inc. runs the higher net margin — 12.9% vs 1.1%, a 11.8% gap on every dollar of revenue. On growth, Xeris Biopharma Holdings, Inc. posted the faster year-over-year revenue change (42.8% vs 20.8%). Over the past eight quarters, Xeris Biopharma Holdings, Inc.'s revenue compounded faster (45.3% CAGR vs 7.2%).

The Atlantic Telegraph Company was a company formed on 6 November 1856 to undertake and exploit a commercial telegraph cable across the Atlantic Ocean, the first such telecommunications link.

Xeris Biopharma Holdings, Inc. is a specialty biopharmaceutical company that develops and commercializes targeted therapies for rare endocrine, metabolic, and dermatological conditions. It operates across global markets, focusing on delivering accessible, easy-to-administer treatment options for underserved patient segments.

AAME vs XERS — Head-to-Head

Bigger by revenue
XERS
XERS
1.6× larger
XERS
$85.8M
$53.8M
AAME
Growing faster (revenue YoY)
XERS
XERS
+22.0% gap
XERS
42.8%
20.8%
AAME
Higher net margin
XERS
XERS
11.8% more per $
XERS
12.9%
1.1%
AAME
Faster 2-yr revenue CAGR
XERS
XERS
Annualised
XERS
45.3%
7.2%
AAME

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AAME
AAME
XERS
XERS
Revenue
$53.8M
$85.8M
Net Profit
$577.0K
$11.1M
Gross Margin
Operating Margin
1.4%
19.5%
Net Margin
1.1%
12.9%
Revenue YoY
20.8%
42.8%
Net Profit YoY
128.9%
316.7%
EPS (diluted)
$0.02
$0.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAME
AAME
XERS
XERS
Q4 25
$85.8M
Q3 25
$53.8M
$74.4M
Q2 25
$55.3M
$71.5M
Q1 25
$50.1M
$60.1M
Q4 24
$49.0M
$60.1M
Q3 24
$44.5M
$54.3M
Q2 24
$47.7M
$48.1M
Q1 24
$47.0M
$40.6M
Net Profit
AAME
AAME
XERS
XERS
Q4 25
$11.1M
Q3 25
$577.0K
$621.0K
Q2 25
$3.3M
$-1.9M
Q1 25
$802.0K
$-9.2M
Q4 24
$412.0K
$-5.1M
Q3 24
$-2.0M
$-15.7M
Q2 24
$-684.0K
$-15.0M
Q1 24
$-2.0M
$-19.0M
Operating Margin
AAME
AAME
XERS
XERS
Q4 25
19.5%
Q3 25
1.4%
9.0%
Q2 25
7.6%
6.3%
Q1 25
2.1%
-5.1%
Q4 24
1.1%
2.8%
Q3 24
-5.5%
-23.8%
Q2 24
-1.8%
-17.0%
Q1 24
-5.3%
-35.1%
Net Margin
AAME
AAME
XERS
XERS
Q4 25
12.9%
Q3 25
1.1%
0.8%
Q2 25
6.0%
-2.7%
Q1 25
1.6%
-15.3%
Q4 24
0.8%
-8.5%
Q3 24
-4.5%
-29.0%
Q2 24
-1.4%
-31.2%
Q1 24
-4.3%
-46.7%
EPS (diluted)
AAME
AAME
XERS
XERS
Q4 25
$0.07
Q3 25
$0.02
$0.00
Q2 25
$0.15
$-0.01
Q1 25
$0.03
$-0.06
Q4 24
$0.01
$-0.02
Q3 24
$-0.10
$-0.11
Q2 24
$-0.04
$-0.10
Q1 24
$-0.10
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAME
AAME
XERS
XERS
Cash + ST InvestmentsLiquidity on hand
$34.4M
$111.0M
Total DebtLower is stronger
$220.3M
Stockholders' EquityBook value
$109.5M
$13.7M
Total Assets
$430.9M
$383.5M
Debt / EquityLower = less leverage
16.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAME
AAME
XERS
XERS
Q4 25
$111.0M
Q3 25
$34.4M
$91.6M
Q2 25
$46.4M
$59.3M
Q1 25
$35.9M
$58.4M
Q4 24
$35.6M
$71.6M
Q3 24
$23.0M
$69.4M
Q2 24
$21.2M
$77.6M
Q1 24
$21.2M
$87.4M
Total Debt
AAME
AAME
XERS
XERS
Q4 25
$220.3M
Q3 25
$219.5M
Q2 25
$218.6M
Q1 25
$229.8M
Q4 24
$232.1M
Q3 24
$216.2M
Q2 24
$230.5M
Q1 24
$229.7M
Stockholders' Equity
AAME
AAME
XERS
XERS
Q4 25
$13.7M
Q3 25
$109.5M
$-861.0K
Q2 25
$106.2M
$-19.3M
Q1 25
$102.4M
$-35.1M
Q4 24
$99.6M
$-29.6M
Q3 24
$105.8M
$-28.3M
Q2 24
$100.7M
$-19.3M
Q1 24
$102.8M
$-9.2M
Total Assets
AAME
AAME
XERS
XERS
Q4 25
$383.5M
Q3 25
$430.9M
$370.2M
Q2 25
$429.3M
$334.7M
Q1 25
$388.4M
$315.5M
Q4 24
$393.4M
$323.1M
Q3 24
$387.0M
$321.1M
Q2 24
$386.0M
$331.7M
Q1 24
$365.8M
$336.6M
Debt / Equity
AAME
AAME
XERS
XERS
Q4 25
16.10×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAME
AAME
XERS
XERS
Operating Cash FlowLast quarter
$6.6M
$20.0M
Free Cash FlowOCF − Capex
$6.6M
FCF MarginFCF / Revenue
12.3%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
11.51×
1.81×
TTM Free Cash FlowTrailing 4 quarters
$19.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAME
AAME
XERS
XERS
Q4 25
$20.0M
Q3 25
$6.6M
$18.4M
Q2 25
$9.3M
$182.0K
Q1 25
$-722.0K
$-10.0M
Q4 24
$4.8M
$2.0M
Q3 24
$90.0K
$-8.3M
Q2 24
$416.0K
$-10.3M
Q1 24
$-5.3M
$-20.3M
Free Cash Flow
AAME
AAME
XERS
XERS
Q4 25
Q3 25
$6.6M
Q2 25
$9.1M
Q1 25
$-986.0K
Q4 24
$4.6M
Q3 24
$58.0K
Q2 24
$361.0K
Q1 24
$-5.4M
FCF Margin
AAME
AAME
XERS
XERS
Q4 25
Q3 25
12.3%
Q2 25
16.5%
Q1 25
-2.0%
Q4 24
9.3%
Q3 24
0.1%
Q2 24
0.8%
Q1 24
-11.4%
Capex Intensity
AAME
AAME
XERS
XERS
Q4 25
Q3 25
0.1%
Q2 25
0.3%
Q1 25
0.5%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
AAME
AAME
XERS
XERS
Q4 25
1.81×
Q3 25
11.51×
29.68×
Q2 25
2.80×
Q1 25
-0.90×
Q4 24
11.65×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAME
AAME

Bankers Fidelity$30.0M56%
American Southern$23.7M44%

XERS
XERS

Products$83.4M97%
Other$2.4M3%

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