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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and Ellington Financial Inc. (EFC). Click either name above to swap in a different company.
Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $44.9M, roughly 1.7× AbCellera Biologics Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -19.9%, a 48.8% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 8.7%). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs 1.8%).
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.
Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.
ABCL vs EFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $78.2M |
| Net Profit | $-8.9M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | -63.7% | 7.4% |
| Net Margin | -19.9% | 28.9% |
| Revenue YoY | 788.4% | 8.7% |
| Net Profit YoY | 73.9% | -26.2% |
| EPS (diluted) | $-0.03 | $0.10 |
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.
| Q4 25 | $44.9M | $78.2M | ||
| Q3 25 | $9.0M | $82.8M | ||
| Q2 25 | $17.1M | $92.5M | ||
| Q1 25 | $4.2M | $82.9M | ||
| Q4 24 | $5.0M | $72.0M | ||
| Q3 24 | $6.5M | $67.0M | ||
| Q2 24 | $7.3M | $91.2M | ||
| Q1 24 | $10.0M | $75.5M |
| Q4 25 | $-8.9M | $22.6M | ||
| Q3 25 | $-57.1M | $29.5M | ||
| Q2 25 | $-34.7M | $42.9M | ||
| Q1 25 | $-45.6M | $31.6M | ||
| Q4 24 | — | $30.7M | ||
| Q3 24 | $-51.1M | $16.2M | ||
| Q2 24 | $-36.9M | $52.3M | ||
| Q1 24 | $-40.6M | $26.9M |
| Q4 25 | -63.7% | 7.4% | ||
| Q3 25 | -851.8% | 31.1% | ||
| Q2 25 | -290.2% | 38.3% | ||
| Q1 25 | -1479.6% | 37.3% | ||
| Q4 24 | — | 28.0% | ||
| Q3 24 | -1439.4% | 24.0% | ||
| Q2 24 | -1276.2% | 52.8% | ||
| Q1 24 | -551.5% | 42.2% |
| Q4 25 | -19.9% | 28.9% | ||
| Q3 25 | -637.8% | 35.7% | ||
| Q2 25 | -203.3% | 46.4% | ||
| Q1 25 | -1077.2% | 38.2% | ||
| Q4 24 | — | 42.6% | ||
| Q3 24 | -785.4% | 24.1% | ||
| Q2 24 | -504.3% | 57.4% | ||
| Q1 24 | -408.0% | 35.6% |
| Q4 25 | $-0.03 | $0.10 | ||
| Q3 25 | $-0.19 | $0.29 | ||
| Q2 25 | $-0.12 | $0.45 | ||
| Q1 25 | $-0.15 | $0.35 | ||
| Q4 24 | — | $0.23 | ||
| Q3 24 | $-0.17 | $0.19 | ||
| Q2 24 | $-0.13 | $0.62 | ||
| Q1 24 | $-0.14 | $0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $128.5M | $201.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $966.9M | $1.8B |
| Total Assets | $1.4B | $19.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.5M | $201.9M | ||
| Q3 25 | $83.2M | $184.8M | ||
| Q2 25 | $92.4M | $211.0M | ||
| Q1 25 | $159.3M | $203.3M | ||
| Q4 24 | $156.3M | $192.4M | ||
| Q3 24 | $126.6M | $217.7M | ||
| Q2 24 | $148.3M | $198.5M | ||
| Q1 24 | $123.6M | $187.5M |
| Q4 25 | $966.9M | $1.8B | ||
| Q3 25 | $964.0M | $1.8B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.1B | $1.5B |
| Q4 25 | $1.4B | $19.4B | ||
| Q3 25 | $1.4B | $17.8B | ||
| Q2 25 | $1.4B | $17.1B | ||
| Q1 25 | $1.3B | $16.6B | ||
| Q4 24 | $1.4B | $16.3B | ||
| Q3 24 | $1.4B | $16.0B | ||
| Q2 24 | $1.4B | $15.1B | ||
| Q1 24 | $1.5B | $15.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-34.7M | $-925.5M |
| Free Cash FlowOCF − Capex | $-44.6M | — |
| FCF MarginFCF / Revenue | -99.4% | — |
| Capex IntensityCapex / Revenue | 21.9% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -40.92× |
| TTM Free Cash FlowTrailing 4 quarters | $-174.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-34.7M | $-925.5M | ||
| Q3 25 | $-52.6M | $-290.4M | ||
| Q2 25 | $-32.4M | $-210.5M | ||
| Q1 25 | $-11.6M | $-126.4M | ||
| Q4 24 | $-108.6M | $-430.5M | ||
| Q3 24 | $-28.9M | $-141.7M | ||
| Q2 24 | $-30.0M | $-88.6M | ||
| Q1 24 | $-41.7M | $-59.5M |
| Q4 25 | $-44.6M | — | ||
| Q3 25 | $-61.5M | — | ||
| Q2 25 | $-45.8M | — | ||
| Q1 25 | $-22.2M | — | ||
| Q4 24 | $-187.0M | — | ||
| Q3 24 | $-47.4M | — | ||
| Q2 24 | $-50.1M | — | ||
| Q1 24 | $-65.8M | — |
| Q4 25 | -99.4% | — | ||
| Q3 25 | -687.0% | — | ||
| Q2 25 | -267.9% | — | ||
| Q1 25 | -524.0% | — | ||
| Q4 24 | -3702.8% | — | ||
| Q3 24 | -728.4% | — | ||
| Q2 24 | -683.8% | — | ||
| Q1 24 | -661.5% | — |
| Q4 25 | 21.9% | 0.0% | ||
| Q3 25 | 99.7% | — | ||
| Q2 25 | 78.2% | — | ||
| Q1 25 | 251.1% | — | ||
| Q4 24 | 1552.7% | 0.0% | ||
| Q3 24 | 284.6% | 0.0% | ||
| Q2 24 | 274.6% | 0.0% | ||
| Q1 24 | 242.5% | 0.0% |
| Q4 25 | — | -40.92× | ||
| Q3 25 | — | -9.84× | ||
| Q2 25 | — | -4.90× | ||
| Q1 25 | — | -3.99× | ||
| Q4 24 | — | -14.04× | ||
| Q3 24 | — | -8.76× | ||
| Q2 24 | — | -1.69× | ||
| Q1 24 | — | -2.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
