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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and Liberty Live Holdings, Inc. (LLYVA). Click either name above to swap in a different company.

Liberty Live Holdings, Inc. is the larger business by last-quarter revenue ($61.7M vs $44.9M, roughly 1.4× AbCellera Biologics Inc.). AbCellera Biologics Inc. runs the higher net margin — -19.9% vs -90.3%, a 70.3% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs -3.8%).

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.

Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment. As of 2025, Liberty Media owned three global motorsport businesses in the form of Formula One, MotoGP and World Superbikes.

ABCL vs LLYVA — Head-to-Head

Bigger by revenue
LLYVA
LLYVA
1.4× larger
LLYVA
$61.7M
$44.9M
ABCL
Growing faster (revenue YoY)
ABCL
ABCL
+792.2% gap
ABCL
788.4%
-3.8%
LLYVA
Higher net margin
ABCL
ABCL
70.3% more per $
ABCL
-19.9%
-90.3%
LLYVA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ABCL
ABCL
LLYVA
LLYVA
Revenue
$44.9M
$61.7M
Net Profit
$-8.9M
$-55.7M
Gross Margin
20.6%
Operating Margin
-63.7%
-27.2%
Net Margin
-19.9%
-90.3%
Revenue YoY
788.4%
-3.8%
Net Profit YoY
73.9%
-464.7%
EPS (diluted)
$-0.03

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
LLYVA
LLYVA
Q4 25
$44.9M
Q3 25
$9.0M
$61.7M
Q2 25
$17.1M
Q1 25
$4.2M
Q4 24
$5.0M
Q3 24
$6.5M
$64.2M
Q2 24
$7.3M
Q1 24
$10.0M
Net Profit
ABCL
ABCL
LLYVA
LLYVA
Q4 25
$-8.9M
Q3 25
$-57.1M
$-55.7M
Q2 25
$-34.7M
Q1 25
$-45.6M
Q4 24
Q3 24
$-51.1M
$15.3M
Q2 24
$-36.9M
Q1 24
$-40.6M
Gross Margin
ABCL
ABCL
LLYVA
LLYVA
Q4 25
Q3 25
20.6%
Q2 25
Q1 25
Q4 24
Q3 24
13.2%
Q2 24
Q1 24
Operating Margin
ABCL
ABCL
LLYVA
LLYVA
Q4 25
-63.7%
Q3 25
-851.8%
-27.2%
Q2 25
-290.2%
Q1 25
-1479.6%
Q4 24
Q3 24
-1439.4%
-22.6%
Q2 24
-1276.2%
Q1 24
-551.5%
Net Margin
ABCL
ABCL
LLYVA
LLYVA
Q4 25
-19.9%
Q3 25
-637.8%
-90.3%
Q2 25
-203.3%
Q1 25
-1077.2%
Q4 24
Q3 24
-785.4%
23.8%
Q2 24
-504.3%
Q1 24
-408.0%
EPS (diluted)
ABCL
ABCL
LLYVA
LLYVA
Q4 25
$-0.03
Q3 25
$-0.19
Q2 25
$-0.12
Q1 25
$-0.15
Q4 24
Q3 24
$-0.17
Q2 24
$-0.13
Q1 24
$-0.14

Balance Sheet & Financial Strength

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

Metric
ABCL
ABCL
LLYVA
LLYVA
Cash + ST InvestmentsLiquidity on hand
$128.5M
$375.8M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$966.9M
$-409.2M
Total Assets
$1.4B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABCL
ABCL
LLYVA
LLYVA
Q4 25
$128.5M
Q3 25
$83.2M
$375.8M
Q2 25
$92.4M
Q1 25
$159.3M
Q4 24
$156.3M
Q3 24
$126.6M
Q2 24
$148.3M
Q1 24
$123.6M
Total Debt
ABCL
ABCL
LLYVA
LLYVA
Q4 25
Q3 25
$1.9B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ABCL
ABCL
LLYVA
LLYVA
Q4 25
$966.9M
Q3 25
$964.0M
$-409.2M
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$1.1B
$44.6M
Q2 24
$1.1B
Q1 24
$1.1B
Total Assets
ABCL
ABCL
LLYVA
LLYVA
Q4 25
$1.4B
Q3 25
$1.4B
$1.9B
Q2 25
$1.4B
Q1 25
$1.3B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.5B

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
LLYVA
LLYVA
Operating Cash FlowLast quarter
$-34.7M
$-28.9M
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
LLYVA
LLYVA
Q4 25
$-34.7M
Q3 25
$-52.6M
$-28.9M
Q2 25
$-32.4M
Q1 25
$-11.6M
Q4 24
$-108.6M
Q3 24
$-28.9M
Q2 24
$-30.0M
Q1 24
$-41.7M
Free Cash Flow
ABCL
ABCL
LLYVA
LLYVA
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
FCF Margin
ABCL
ABCL
LLYVA
LLYVA
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%
Capex Intensity
ABCL
ABCL
LLYVA
LLYVA
Q4 25
21.9%
Q3 25
99.7%
Q2 25
78.2%
Q1 25
251.1%
Q4 24
1552.7%
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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