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

Vitesse Energy, Inc. is the larger business by last-quarter revenue ($58.6M vs $44.9M, roughly 1.3× AbCellera Biologics Inc.). Vitesse Energy, Inc. runs the higher net margin — -1.3% vs -19.9%, a 18.7% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 4.8%). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs -2.1%).

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.

Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.

ABCL vs VTS — Head-to-Head

Bigger by revenue
VTS
VTS
1.3× larger
VTS
$58.6M
$44.9M
ABCL
Growing faster (revenue YoY)
ABCL
ABCL
+783.6% gap
ABCL
788.4%
4.8%
VTS
Higher net margin
VTS
VTS
18.7% more per $
VTS
-1.3%
-19.9%
ABCL
Faster 2-yr revenue CAGR
ABCL
ABCL
Annualised
ABCL
112.3%
-2.1%
VTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ABCL
ABCL
VTS
VTS
Revenue
$44.9M
$58.6M
Net Profit
$-8.9M
$-739.0K
Gross Margin
Operating Margin
-63.7%
-12.0%
Net Margin
-19.9%
-1.3%
Revenue YoY
788.4%
4.8%
Net Profit YoY
73.9%
85.6%
EPS (diluted)
$-0.03
$-0.01

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
VTS
VTS
Q4 25
$44.9M
$58.6M
Q3 25
$9.0M
$67.4M
Q2 25
$17.1M
$81.8M
Q1 25
$4.2M
$66.2M
Q4 24
$5.0M
$55.9M
Q3 24
$6.5M
$58.3M
Q2 24
$7.3M
$66.6M
Q1 24
$10.0M
$61.2M
Net Profit
ABCL
ABCL
VTS
VTS
Q4 25
$-8.9M
$-739.0K
Q3 25
$-57.1M
$-1.3M
Q2 25
$-34.7M
$24.7M
Q1 25
$-45.6M
$2.7M
Q4 24
$-5.1M
Q3 24
$-51.1M
$17.4M
Q2 24
$-36.9M
$10.9M
Q1 24
$-40.6M
$-2.2M
Operating Margin
ABCL
ABCL
VTS
VTS
Q4 25
-63.7%
-12.0%
Q3 25
-851.8%
0.2%
Q2 25
-290.2%
22.8%
Q1 25
-1479.6%
8.1%
Q4 24
3.7%
Q3 24
-1439.4%
15.4%
Q2 24
-1276.2%
25.2%
Q1 24
-551.5%
21.4%
Net Margin
ABCL
ABCL
VTS
VTS
Q4 25
-19.9%
-1.3%
Q3 25
-637.8%
-1.9%
Q2 25
-203.3%
30.2%
Q1 25
-1077.2%
4.0%
Q4 24
-9.2%
Q3 24
-785.4%
29.9%
Q2 24
-504.3%
16.4%
Q1 24
-408.0%
-3.6%
EPS (diluted)
ABCL
ABCL
VTS
VTS
Q4 25
$-0.03
$-0.01
Q3 25
$-0.19
$-0.03
Q2 25
$-0.12
$0.60
Q1 25
$-0.15
$0.08
Q4 24
$-0.15
Q3 24
$-0.17
$0.53
Q2 24
$-0.13
$0.33
Q1 24
$-0.14
$-0.07

Balance Sheet & Financial Strength

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

Metric
ABCL
ABCL
VTS
VTS
Cash + ST InvestmentsLiquidity on hand
$128.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$966.9M
$629.3M
Total Assets
$1.4B
$893.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABCL
ABCL
VTS
VTS
Q4 25
$128.5M
Q3 25
$83.2M
Q2 25
$92.4M
Q1 25
$159.3M
$4.5M
Q4 24
$156.3M
$3.0M
Q3 24
$126.6M
Q2 24
$148.3M
Q1 24
$123.6M
Stockholders' Equity
ABCL
ABCL
VTS
VTS
Q4 25
$966.9M
$629.3M
Q3 25
$964.0M
$650.3M
Q2 25
$1.0B
$671.9M
Q1 25
$1.0B
$667.7M
Q4 24
$1.1B
$500.3M
Q3 24
$1.1B
$520.4M
Q2 24
$1.1B
$518.5M
Q1 24
$1.1B
$522.7M
Total Assets
ABCL
ABCL
VTS
VTS
Q4 25
$1.4B
$893.4M
Q3 25
$1.4B
$932.9M
Q2 25
$1.4B
$951.5M
Q1 25
$1.3B
$975.2M
Q4 24
$1.4B
$810.9M
Q3 24
$1.4B
$791.2M
Q2 24
$1.4B
$778.4M
Q1 24
$1.5B
$749.7M

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
VTS
VTS
Operating Cash FlowLast quarter
$-34.7M
$37.4M
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
VTS
VTS
Q4 25
$-34.7M
$37.4M
Q3 25
$-52.6M
$49.4M
Q2 25
$-32.4M
$66.0M
Q1 25
$-11.6M
$17.5M
Q4 24
$-108.6M
$34.7M
Q3 24
$-28.9M
$45.7M
Q2 24
$-30.0M
$35.2M
Q1 24
$-41.7M
$39.4M
Free Cash Flow
ABCL
ABCL
VTS
VTS
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
VTS
VTS
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
VTS
VTS
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%
Cash Conversion
ABCL
ABCL
VTS
VTS
Q4 25
Q3 25
Q2 25
2.68×
Q1 25
6.56×
Q4 24
Q3 24
2.62×
Q2 24
3.22×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ABCL
ABCL

Segment breakdown not available.

VTS
VTS

Oil Reserves$54.5M93%
Natural Gas Reserves$4.2M7%

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