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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and Coda Octopus Group, Inc. (CODA). Click either name above to swap in a different company.

Arbutus Biopharma Corp is the larger business by last-quarter revenue ($10.7M vs $7.3M, roughly 1.5× Coda Octopus Group, Inc.). Arbutus Biopharma Corp runs the higher net margin — 23.5% vs 14.1%, a 9.4% gap on every dollar of revenue. On growth, Arbutus Biopharma Corp posted the faster year-over-year revenue change (522.2% vs 43.8%). Over the past eight quarters, Coda Octopus Group, Inc.'s revenue compounded faster (27.7% CAGR vs -13.2%).

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.

CODA plc was a mid-sized international financial software company based in the United Kingdom. Founded in 1979, it was purchased in 2008 by Unit4, a supplier of enterprise software, based in the Netherlands. CODA creates, markets and implements a range of business software systems designed for finance directors and finance departments. These include:financial management systems like accounting software and procurement software: financial analysis applications like reporting, consolidation and...

ABUS vs CODA — Head-to-Head

Bigger by revenue
ABUS
ABUS
1.5× larger
ABUS
$10.7M
$7.3M
CODA
Growing faster (revenue YoY)
ABUS
ABUS
+478.4% gap
ABUS
522.2%
43.8%
CODA
Higher net margin
ABUS
ABUS
9.4% more per $
ABUS
23.5%
14.1%
CODA
Faster 2-yr revenue CAGR
CODA
CODA
Annualised
CODA
27.7%
-13.2%
ABUS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ABUS
ABUS
CODA
CODA
Revenue
$10.7M
$7.3M
Net Profit
$2.5M
$1.0M
Gross Margin
67.6%
Operating Margin
13.9%
19.3%
Net Margin
23.5%
14.1%
Revenue YoY
522.2%
43.8%
Net Profit YoY
112.7%
214.3%
EPS (diluted)
$0.01
$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.

Revenue
ABUS
ABUS
CODA
CODA
Q4 25
$7.3M
Q3 25
$7.1M
Q2 25
$10.7M
$7.0M
Q1 25
$5.2M
Q4 24
$5.1M
Q3 24
$5.5M
Q2 24
$5.3M
Q1 24
$4.5M
Net Profit
ABUS
ABUS
CODA
CODA
Q4 25
$1.0M
Q3 25
$1.3M
Q2 25
$2.5M
$908.8K
Q1 25
$913.0K
Q4 24
$326.2K
Q3 24
$1.3M
Q2 24
$1.4M
Q1 24
$629.9K
Gross Margin
ABUS
ABUS
CODA
CODA
Q4 25
67.6%
Q3 25
68.3%
Q2 25
64.1%
Q1 25
65.8%
Q4 24
65.3%
Q3 24
73.9%
Q2 24
70.2%
Q1 24
69.2%
Operating Margin
ABUS
ABUS
CODA
CODA
Q4 25
19.3%
Q3 25
19.5%
Q2 25
13.9%
15.5%
Q1 25
12.7%
Q4 24
5.7%
Q3 24
25.4%
Q2 24
25.4%
Q1 24
12.4%
Net Margin
ABUS
ABUS
CODA
CODA
Q4 25
14.1%
Q3 25
18.2%
Q2 25
23.5%
13.0%
Q1 25
17.5%
Q4 24
6.5%
Q3 24
23.3%
Q2 24
26.6%
Q1 24
14.1%
EPS (diluted)
ABUS
ABUS
CODA
CODA
Q4 25
$0.10
Q3 25
$0.11
Q2 25
$0.01
$0.08
Q1 25
$0.08
Q4 24
$0.02
Q3 24
$0.11
Q2 24
$0.13
Q1 24
$0.06

Balance Sheet & Financial Strength

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

Metric
ABUS
ABUS
CODA
CODA
Cash + ST InvestmentsLiquidity on hand
$37.4M
$28.7M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$83.0M
$58.1M
Total Assets
$103.3M
$64.5M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
CODA
CODA
Q4 25
$28.7M
Q3 25
$26.2M
Q2 25
$37.4M
$24.5M
Q1 25
$22.5M
Q4 24
$22.5M
Q3 24
$25.2M
Q2 24
$23.7M
Q1 24
$25.0M
Total Debt
ABUS
ABUS
CODA
CODA
Q4 25
Q3 25
Q2 25
$0
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ABUS
ABUS
CODA
CODA
Q4 25
$58.1M
Q3 25
$57.3M
Q2 25
$83.0M
$55.9M
Q1 25
$53.1M
Q4 24
$53.1M
Q3 24
$52.8M
Q2 24
$51.1M
Q1 24
$50.1M
Total Assets
ABUS
ABUS
CODA
CODA
Q4 25
$64.5M
Q3 25
$61.9M
Q2 25
$103.3M
$60.6M
Q1 25
$56.9M
Q4 24
$57.5M
Q3 24
$55.9M
Q2 24
$54.0M
Q1 24
$53.0M
Debt / Equity
ABUS
ABUS
CODA
CODA
Q4 25
Q3 25
Q2 25
0.00×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
CODA
CODA
Operating Cash FlowLast quarter
$-15.7M
$2.9M
Free Cash FlowOCF − Capex
$2.5M
FCF MarginFCF / Revenue
34.9%
Capex IntensityCapex / Revenue
0.0%
5.0%
Cash ConversionOCF / Net Profit
-6.24×
2.83×
TTM Free Cash FlowTrailing 4 quarters
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
CODA
CODA
Q4 25
$2.9M
Q3 25
$2.2M
Q2 25
$-15.7M
$1.5M
Q1 25
$641.5K
Q4 24
$2.0M
Q3 24
$1.7M
Q2 24
$-955.8K
Q1 24
$-298.0K
Free Cash Flow
ABUS
ABUS
CODA
CODA
Q4 25
$2.5M
Q3 25
$1.6M
Q2 25
$1.4M
Q1 25
$513.4K
Q4 24
$1.9M
Q3 24
$1.5M
Q2 24
$-1.1M
Q1 24
$-433.6K
FCF Margin
ABUS
ABUS
CODA
CODA
Q4 25
34.9%
Q3 25
22.6%
Q2 25
19.9%
Q1 25
9.9%
Q4 24
38.5%
Q3 24
28.2%
Q2 24
-20.9%
Q1 24
-9.7%
Capex Intensity
ABUS
ABUS
CODA
CODA
Q4 25
5.0%
Q3 25
8.6%
Q2 25
0.0%
1.0%
Q1 25
2.5%
Q4 24
0.9%
Q3 24
3.0%
Q2 24
2.9%
Q1 24
3.0%
Cash Conversion
ABUS
ABUS
CODA
CODA
Q4 25
2.83×
Q3 25
1.72×
Q2 25
-6.24×
1.61×
Q1 25
0.70×
Q4 24
6.11×
Q3 24
1.34×
Q2 24
-0.68×
Q1 24
-0.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ABUS
ABUS

Segment breakdown not available.

CODA
CODA

Segment Reporting$3.1M42%
Transferred At Point In Time$1.8M24%
Precision Acoustics Limited$1.3M18%
Other$1.1M15%

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