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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and Fluent, Inc. (FLNT). Click either name above to swap in a different company.
Fluent, Inc. is the larger business by last-quarter revenue ($61.8M vs $44.9M, roughly 1.4× AbCellera Biologics Inc.). Fluent, Inc. runs the higher net margin — -6.7% vs -19.9%, a 13.3% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs -5.5%). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs -3.2%).
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.
THG Fluently, formerly Language Connect, is a translation and language localisation service provided by THG Ingenuity. It provides a range of language services, including translation, interpreting, localisation, voice-overs, transcription, and multilingual search engine optimization.
ABCL vs FLNT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $61.8M |
| Net Profit | $-8.9M | $-4.1M |
| Gross Margin | — | — |
| Operating Margin | -63.7% | 0.3% |
| Net Margin | -19.9% | -6.7% |
| Revenue YoY | 788.4% | -5.5% |
| Net Profit YoY | 73.9% | -20.1% |
| 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.
| Q4 25 | $44.9M | $61.8M | ||
| Q3 25 | $9.0M | $47.0M | ||
| Q2 25 | $17.1M | $44.7M | ||
| Q1 25 | $4.2M | $55.2M | ||
| Q4 24 | $5.0M | $65.4M | ||
| Q3 24 | $6.5M | $64.5M | ||
| Q2 24 | $7.3M | $58.7M | ||
| Q1 24 | $10.0M | $66.0M |
| Q4 25 | $-8.9M | $-4.1M | ||
| Q3 25 | $-57.1M | $-7.6M | ||
| Q2 25 | $-34.7M | $-7.2M | ||
| Q1 25 | $-45.6M | $-8.3M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | $-51.1M | $-7.9M | ||
| Q2 24 | $-36.9M | $-11.6M | ||
| Q1 24 | $-40.6M | $-6.3M |
| Q4 25 | -63.7% | 0.3% | ||
| Q3 25 | -851.8% | -13.4% | ||
| Q2 25 | -290.2% | -15.9% | ||
| Q1 25 | -1479.6% | -12.8% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | -1439.4% | -6.0% | ||
| Q2 24 | -1276.2% | -17.7% | ||
| Q1 24 | -551.5% | -6.0% |
| Q4 25 | -19.9% | -6.7% | ||
| Q3 25 | -637.8% | -16.1% | ||
| Q2 25 | -203.3% | -16.2% | ||
| Q1 25 | -1077.2% | -15.0% | ||
| Q4 24 | — | -5.2% | ||
| Q3 24 | -785.4% | -12.3% | ||
| Q2 24 | -504.3% | -19.8% | ||
| Q1 24 | -408.0% | -9.5% |
| Q4 25 | $-0.03 | $-0.09 | ||
| Q3 25 | $-0.19 | $-0.27 | ||
| Q2 25 | $-0.12 | $-0.30 | ||
| Q1 25 | $-0.15 | $-0.39 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | $-0.17 | $-0.48 | ||
| Q2 24 | $-0.13 | $-0.75 | ||
| Q1 24 | $-0.14 | $-0.45 |
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 | $12.9M |
| Total DebtLower is stronger | — | $34.6M |
| Stockholders' EquityBook value | $966.9M | $18.2M |
| Total Assets | $1.4B | $89.1M |
| Debt / EquityLower = less leverage | — | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.5M | $12.9M | ||
| Q3 25 | $83.2M | $9.2M | ||
| Q2 25 | $92.4M | $4.9M | ||
| Q1 25 | $159.3M | $4.8M | ||
| Q4 24 | $156.3M | $9.4M | ||
| Q3 24 | $126.6M | $6.6M | ||
| Q2 24 | $148.3M | $5.0M | ||
| Q1 24 | $123.6M | $11.7M |
| Q4 25 | — | $34.6M | ||
| Q3 25 | — | $26.0M | ||
| Q2 25 | — | $23.2M | ||
| Q1 25 | — | $25.6M | ||
| Q4 24 | — | $35.6M | ||
| Q3 24 | — | $37.9M | ||
| Q2 24 | — | $33.3M | ||
| Q1 24 | — | $31.0M |
| Q4 25 | $966.9M | $18.2M | ||
| Q3 25 | $964.0M | $21.6M | ||
| Q2 25 | $1.0B | $19.1M | ||
| Q1 25 | $1.0B | $22.0M | ||
| Q4 24 | $1.1B | $25.0M | ||
| Q3 24 | $1.1B | $20.0M | ||
| Q2 24 | $1.1B | $27.5M | ||
| Q1 24 | $1.1B | $28.7M |
| Q4 25 | $1.4B | $89.1M | ||
| Q3 25 | $1.4B | $76.1M | ||
| Q2 25 | $1.4B | $74.5M | ||
| Q1 25 | $1.3B | $77.5M | ||
| Q4 24 | $1.4B | $93.6M | ||
| Q3 24 | $1.4B | $77.5M | ||
| Q2 24 | $1.4B | $98.5M | ||
| Q1 24 | $1.5B | $103.6M |
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | — | 1.21× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.21× | ||
| Q1 24 | — | 1.08× |
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 | $2.8M |
| 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.
| Q4 25 | $-34.7M | $2.8M | ||
| Q3 25 | $-52.6M | $-7.3M | ||
| Q2 25 | $-32.4M | $935.0K | ||
| Q1 25 | $-11.6M | $2.1M | ||
| Q4 24 | $-108.6M | $-2.1M | ||
| Q3 24 | $-28.9M | $1.2M | ||
| Q2 24 | $-30.0M | $-13.1M | ||
| Q1 24 | $-41.7M | $-132.0K |
| Q4 25 | $-44.6M | — | ||
| Q3 25 | $-61.5M | $-7.3M | ||
| Q2 25 | $-45.8M | — | ||
| Q1 25 | $-22.2M | — | ||
| Q4 24 | $-187.0M | — | ||
| Q3 24 | $-47.4M | $1.2M | ||
| Q2 24 | $-50.1M | — | ||
| Q1 24 | $-65.8M | — |
| Q4 25 | -99.4% | — | ||
| Q3 25 | -687.0% | -15.6% | ||
| Q2 25 | -267.9% | — | ||
| Q1 25 | -524.0% | — | ||
| Q4 24 | -3702.8% | — | ||
| Q3 24 | -728.4% | 1.9% | ||
| Q2 24 | -683.8% | — | ||
| Q1 24 | -661.5% | — |
| Q4 25 | 21.9% | — | ||
| Q3 25 | 99.7% | 0.0% | ||
| Q2 25 | 78.2% | — | ||
| Q1 25 | 251.1% | — | ||
| Q4 24 | 1552.7% | — | ||
| Q3 24 | 284.6% | 0.0% | ||
| Q2 24 | 274.6% | — | ||
| Q1 24 | 242.5% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ABCL
Segment breakdown not available.
FLNT
| Commerce Media Solutions | $34.7M | 56% |
| Owned And Operated | $21.3M | 34% |
| Call Solutions | $3.8M | 6% |
| Ad Parlor | $2.0M | 3% |
