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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and ABVC BIOPHARMA, INC. (ABVC). Click either name above to swap in a different company.

AbCellera Biologics Inc. is the larger business by last-quarter revenue ($44.9M vs $796.0K, roughly 56.4× ABVC BIOPHARMA, INC.). AbCellera Biologics Inc. runs the higher net margin — -19.9% vs -256.6%, a 236.7% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 104.5%). Over the past eight quarters, ABVC BIOPHARMA, INC.'s revenue compounded faster (1041.5% CAGR vs 112.3%).

AbCellera Biologics Inc. is a Vancouver, British Columbia-based biotechnology company that discovers and develops antibody therapeutics. The company is best known for its leading role in the Pandemic Prevention Platform, a project of DARPA's Biological Technologies Office. AbCellera utilizes a proprietary technology platform, which they claim can develop "medical countermeasures within 60 days." Its platform for single-cell screening was initially developed at the University of British Columbia.

ABVC Biopharma Inc. is a clinical-stage biopharmaceutical enterprise focused on developing innovative therapies for unmet medical needs, with core areas including oncology, ophthalmology, and central nervous system disorders. It operates across North American and Asian markets, advancing multiple proprietary drug candidates through clinical development phases.

ABCL vs ABVC — Head-to-Head

Bigger by revenue
ABCL
ABCL
56.4× larger
ABCL
$44.9M
$796.0K
ABVC
Growing faster (revenue YoY)
ABCL
ABCL
+683.9% gap
ABCL
788.4%
104.5%
ABVC
Higher net margin
ABCL
ABCL
236.7% more per $
ABCL
-19.9%
-256.6%
ABVC
Faster 2-yr revenue CAGR
ABVC
ABVC
Annualised
ABVC
1041.5%
112.3%
ABCL

Income Statement — Q4 2025 vs Q3 2025

Metric
ABCL
ABCL
ABVC
ABVC
Revenue
$44.9M
$796.0K
Net Profit
$-8.9M
$-2.0M
Gross Margin
100.0%
Operating Margin
-63.7%
-246.8%
Net Margin
-19.9%
-256.6%
Revenue YoY
788.4%
104.5%
Net Profit YoY
73.9%
-417.4%
EPS (diluted)
$-0.03
$-0.09

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
ABCL
ABCL
ABVC
ABVC
Q4 25
$44.9M
Q3 25
$9.0M
$796.0K
Q2 25
$17.1M
Q1 25
$4.2M
Q4 24
$5.0M
$2.0K
Q3 24
$6.5M
$389.3K
Q2 24
$7.3M
$117.1K
Q1 24
$10.0M
$1.2K
Net Profit
ABCL
ABCL
ABVC
ABVC
Q4 25
$-8.9M
Q3 25
$-57.1M
$-2.0M
Q2 25
$-34.7M
Q1 25
$-45.6M
Q4 24
$-34.2M
$-731.6K
Q3 24
$-51.1M
$-394.8K
Q2 24
$-36.9M
$-942.3K
Q1 24
$-40.6M
$-2.8M
Gross Margin
ABCL
ABCL
ABVC
ABVC
Q4 25
Q3 25
100.0%
Q2 25
Q1 25
Q4 24
100.0%
Q3 24
99.9%
Q2 24
99.8%
Q1 24
77.0%
Operating Margin
ABCL
ABCL
ABVC
ABVC
Q4 25
-63.7%
Q3 25
-851.8%
-246.8%
Q2 25
-290.2%
Q1 25
-1479.6%
Q4 24
-1441.0%
-35837.4%
Q3 24
-1439.4%
-77.7%
Q2 24
-1276.2%
-734.2%
Q1 24
-551.5%
-235539.8%
Net Margin
ABCL
ABCL
ABVC
ABVC
Q4 25
-19.9%
Q3 25
-637.8%
-256.6%
Q2 25
-203.3%
Q1 25
-1077.2%
Q4 24
-677.6%
-37211.3%
Q3 24
-785.4%
-101.4%
Q2 24
-504.3%
-804.4%
Q1 24
-408.0%
-235203.2%
EPS (diluted)
ABCL
ABCL
ABVC
ABVC
Q4 25
$-0.03
Q3 25
$-0.19
$-0.09
Q2 25
$-0.12
Q1 25
$-0.15
Q4 24
$-0.11
$-0.02
Q3 24
$-0.17
$-0.03
Q2 24
$-0.13
$-0.08
Q1 24
$-0.14
$-0.29

Balance Sheet & Financial Strength

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

Metric
ABCL
ABCL
ABVC
ABVC
Cash + ST InvestmentsLiquidity on hand
$128.5M
$257.2K
Total DebtLower is stronger
Stockholders' EquityBook value
$966.9M
$12.1M
Total Assets
$1.4B
$21.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABCL
ABCL
ABVC
ABVC
Q4 25
$128.5M
Q3 25
$83.2M
$257.2K
Q2 25
$92.4M
Q1 25
$159.3M
Q4 24
$156.3M
$313.1K
Q3 24
$126.6M
$208.2K
Q2 24
$148.3M
$200.0K
Q1 24
$123.6M
$106.4K
Stockholders' Equity
ABCL
ABCL
ABVC
ABVC
Q4 25
$966.9M
Q3 25
$964.0M
$12.1M
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.1B
$1.2M
Q3 24
$1.1B
$1.6M
Q2 24
$1.1B
$1.8M
Q1 24
$1.1B
$1.7M
Total Assets
ABCL
ABCL
ABVC
ABVC
Q4 25
$1.4B
Q3 25
$1.4B
$21.2M
Q2 25
$1.4B
Q1 25
$1.3B
Q4 24
$1.4B
$7.5M
Q3 24
$1.4B
$7.8M
Q2 24
$1.4B
$8.0M
Q1 24
$1.5B
$8.0M

Cash Flow & Capital Efficiency

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

Metric
ABCL
ABCL
ABVC
ABVC
Operating Cash FlowLast quarter
$-34.7M
$-964.7K
Free Cash FlowOCF − Capex
$-44.6M
FCF MarginFCF / Revenue
-99.4%
Capex IntensityCapex / Revenue
21.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-174.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABCL
ABCL
ABVC
ABVC
Q4 25
$-34.7M
Q3 25
$-52.6M
$-964.7K
Q2 25
$-32.4M
Q1 25
$-11.6M
Q4 24
$-8.0M
$-702.1K
Q3 24
$-28.9M
$60.2K
Q2 24
$-30.0M
$-211.4K
Q1 24
$-41.7M
$-955.8K
Free Cash Flow
ABCL
ABCL
ABVC
ABVC
Q4 25
$-44.6M
Q3 25
$-61.5M
Q2 25
$-45.8M
Q1 25
$-22.2M
Q4 24
$-23.6M
Q3 24
$-47.4M
Q2 24
$-50.1M
Q1 24
$-65.8M
FCF Margin
ABCL
ABCL
ABVC
ABVC
Q4 25
-99.4%
Q3 25
-687.0%
Q2 25
-267.9%
Q1 25
-524.0%
Q4 24
-468.0%
Q3 24
-728.4%
Q2 24
-683.8%
Q1 24
-661.5%
Capex Intensity
ABCL
ABCL
ABVC
ABVC
Q4 25
21.9%
Q3 25
99.7%
Q2 25
78.2%
Q1 25
251.1%
Q4 24
309.6%
Q3 24
284.6%
Q2 24
274.6%
Q1 24
242.5%

Financial Flow Comparison

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

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