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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and ASP Isotopes Inc. (ASPI). Click either name above to swap in a different company.

ASP Isotopes Inc. is the larger business by last-quarter revenue ($16.7M vs $10.7M, roughly 1.6× Arbutus Biopharma Corp). On growth, ASP Isotopes Inc. posted the faster year-over-year revenue change (1295.7% vs 522.2%).

Arbutus Biopharma Corporation is a publicly traded Canadian biopharmaceutical company with an expertise in liposomal drug delivery and RNA interference, and is developing drugs for hepatitis B infection.

ASP Isotopes Inc. is a specialty materials firm focused on developing and producing high-purity custom isotopes. Its products serve key sectors including nuclear medicine, targeted cancer therapies, advanced energy, and industrial research, with customers across North America, Europe and Asia Pacific.

ABUS vs ASPI — Head-to-Head

Bigger by revenue
ASPI
ASPI
1.6× larger
ASPI
$16.7M
$10.7M
ABUS
Growing faster (revenue YoY)
ASPI
ASPI
+773.5% gap
ASPI
1295.7%
522.2%
ABUS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ABUS
ABUS
ASPI
ASPI
Revenue
$10.7M
$16.7M
Net Profit
$2.5M
Gross Margin
12.5%
Operating Margin
13.9%
Net Margin
23.5%
Revenue YoY
522.2%
1295.7%
Net Profit YoY
112.7%
-586.8%
EPS (diluted)
$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
ABUS
ABUS
ASPI
ASPI
Q4 25
$16.7M
Q3 25
$4.9M
Q2 25
$10.7M
Q4 23
$2.1M
Q3 23
$4.7M
Q2 23
$4.7M
Q1 23
$6.7M
Q4 22
$6.2M
Net Profit
ABUS
ABUS
ASPI
ASPI
Q4 25
Q3 25
$-12.9M
Q2 25
$2.5M
Q4 23
Q3 23
$-20.1M
Q2 23
$-17.1M
Q1 23
$-16.3M
Q4 22
$-21.9M
Gross Margin
ABUS
ABUS
ASPI
ASPI
Q4 25
12.5%
Q3 25
8.7%
Q2 25
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Operating Margin
ABUS
ABUS
ASPI
ASPI
Q4 25
Q3 25
-306.1%
Q2 25
13.9%
Q4 23
-967.2%
Q3 23
-462.8%
Q2 23
-395.3%
Q1 23
-260.4%
Q4 22
-361.3%
Net Margin
ABUS
ABUS
ASPI
ASPI
Q4 25
Q3 25
-263.7%
Q2 25
23.5%
Q4 23
Q3 23
-431.6%
Q2 23
-367.5%
Q1 23
-244.3%
Q4 22
-351.2%
EPS (diluted)
ABUS
ABUS
ASPI
ASPI
Q4 25
Q3 25
$-0.15
Q2 25
$0.01
Q4 23
$-0.12
Q3 23
$-0.12
Q2 23
$-0.10
Q1 23
$-0.10
Q4 22
$-0.13

Balance Sheet & Financial Strength

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

Metric
ABUS
ABUS
ASPI
ASPI
Cash + ST InvestmentsLiquidity on hand
$37.4M
$333.3M
Total DebtLower is stronger
$0
$14.4M
Stockholders' EquityBook value
$83.0M
$204.2M
Total Assets
$103.3M
$498.0M
Debt / EquityLower = less leverage
0.00×
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
ASPI
ASPI
Q4 25
$333.3M
Q3 25
$113.9M
Q2 25
$37.4M
Q4 23
$126.0M
Q3 23
$17.5M
Q2 23
$27.2M
Q1 23
$40.6M
Q4 22
$146.9M
Total Debt
ABUS
ABUS
ASPI
ASPI
Q4 25
$14.4M
Q3 25
$13.9M
Q2 25
$0
Q4 23
$0
Q3 23
$0
Q2 23
$0
Q1 23
$0
Q4 22
$0
Stockholders' Equity
ABUS
ABUS
ASPI
ASPI
Q4 25
$204.2M
Q3 25
$74.1M
Q2 25
$83.0M
Q4 23
$106.0M
Q3 23
$119.3M
Q2 23
$134.7M
Q1 23
$143.9M
Q4 22
$136.9M
Total Assets
ABUS
ABUS
ASPI
ASPI
Q4 25
$498.0M
Q3 25
$225.9M
Q2 25
$103.3M
Q4 23
$144.4M
Q3 23
$158.6M
Q2 23
$176.8M
Q1 23
$191.2M
Q4 22
$195.4M
Debt / Equity
ABUS
ABUS
ASPI
ASPI
Q4 25
0.07×
Q3 25
0.19×
Q2 25
0.00×
Q4 23
0.00×
Q3 23
0.00×
Q2 23
0.00×
Q1 23
0.00×
Q4 22
0.00×

Cash Flow & Capital Efficiency

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

Metric
ABUS
ABUS
ASPI
ASPI
Operating Cash FlowLast quarter
$-15.7M
$-37.8M
Free Cash FlowOCF − Capex
$-47.4M
FCF MarginFCF / Revenue
-284.7%
Capex IntensityCapex / Revenue
0.0%
57.9%
Cash ConversionOCF / Net Profit
-6.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
ASPI
ASPI
Q4 25
$-37.8M
Q3 25
$-8.9M
Q2 25
$-15.7M
Q4 23
$-17.3M
Q3 23
$-21.8M
Q2 23
$-19.6M
Q1 23
$-27.3M
Q4 22
$-17.0M
Free Cash Flow
ABUS
ABUS
ASPI
ASPI
Q4 25
$-47.4M
Q3 25
$-12.0M
Q2 25
Q4 23
Q3 23
$-21.8M
Q2 23
$-20.4M
Q1 23
$-27.4M
Q4 22
$-17.1M
FCF Margin
ABUS
ABUS
ASPI
ASPI
Q4 25
-284.7%
Q3 25
-245.5%
Q2 25
Q4 23
Q3 23
-468.4%
Q2 23
-439.0%
Q1 23
-410.0%
Q4 22
-274.2%
Capex Intensity
ABUS
ABUS
ASPI
ASPI
Q4 25
57.9%
Q3 25
64.4%
Q2 25
0.0%
Q4 23
0.0%
Q3 23
0.7%
Q2 23
18.5%
Q1 23
1.7%
Q4 22
2.1%
Cash Conversion
ABUS
ABUS
ASPI
ASPI
Q4 25
Q3 25
Q2 25
-6.24×
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22

Financial Flow Comparison

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

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