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

Castellum, Inc. is the larger business by last-quarter revenue ($12.6M vs $10.7M, roughly 1.2× Arbutus Biopharma Corp). Arbutus Biopharma Corp runs the higher net margin — 23.5% vs -10.5%, a 34.0% gap on every dollar of revenue. On growth, Arbutus Biopharma Corp posted the faster year-over-year revenue change (522.2% vs 21.9%). Over the past eight quarters, Castellum, Inc.'s revenue compounded faster (5.3% 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.

Castellum, Inc. is a U.S.-based cybersecurity and information technology services provider. It caters to government defense agencies, public sector entities, and commercial enterprise clients, offering threat detection, data protection, cloud security, and managed IT solutions to help organizations mitigate cyber risks and safeguard critical digital infrastructure.

ABUS vs CTM — Head-to-Head

Bigger by revenue
CTM
CTM
1.2× larger
CTM
$12.6M
$10.7M
ABUS
Growing faster (revenue YoY)
ABUS
ABUS
+500.3% gap
ABUS
522.2%
21.9%
CTM
Higher net margin
ABUS
ABUS
34.0% more per $
ABUS
23.5%
-10.5%
CTM
Faster 2-yr revenue CAGR
CTM
CTM
Annualised
CTM
5.3%
-13.2%
ABUS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ABUS
ABUS
CTM
CTM
Revenue
$10.7M
$12.6M
Net Profit
$2.5M
$-1.3M
Gross Margin
33.9%
Operating Margin
13.9%
-11.1%
Net Margin
23.5%
-10.5%
Revenue YoY
522.2%
21.9%
Net Profit YoY
112.7%
51.8%
EPS (diluted)
$0.01
$-0.02

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
CTM
CTM
Q4 25
$12.6M
Q3 25
$14.6M
Q2 25
$10.7M
$14.0M
Q1 25
$11.7M
Q4 24
$10.3M
Q3 24
$11.6M
Q2 24
$11.5M
Q1 24
$11.3M
Net Profit
ABUS
ABUS
CTM
CTM
Q4 25
$-1.3M
Q3 25
$415.4K
Q2 25
$2.5M
$-322.1K
Q1 25
$-1.2M
Q4 24
$-2.7M
Q3 24
$-1.3M
Q2 24
$-1.8M
Q1 24
$-4.1M
Gross Margin
ABUS
ABUS
CTM
CTM
Q4 25
33.9%
Q3 25
37.6%
Q2 25
36.1%
Q1 25
39.0%
Q4 24
40.0%
Q3 24
42.7%
Q2 24
40.6%
Q1 24
39.8%
Operating Margin
ABUS
ABUS
CTM
CTM
Q4 25
-11.1%
Q3 25
3.0%
Q2 25
13.9%
-2.7%
Q1 25
-12.7%
Q4 24
-15.7%
Q3 24
-11.9%
Q2 24
-13.6%
Q1 24
-23.6%
Net Margin
ABUS
ABUS
CTM
CTM
Q4 25
-10.5%
Q3 25
2.8%
Q2 25
23.5%
-2.3%
Q1 25
-10.0%
Q4 24
-26.6%
Q3 24
-11.0%
Q2 24
-16.0%
Q1 24
-36.3%
EPS (diluted)
ABUS
ABUS
CTM
CTM
Q4 25
$-0.02
Q3 25
$0.00
Q2 25
$0.01
$0.00
Q1 25
$-0.01
Q4 24
$-0.05
Q3 24
$-0.02
Q2 24
$-0.03
Q1 24
$-0.08

Balance Sheet & Financial Strength

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

Metric
ABUS
ABUS
CTM
CTM
Cash + ST InvestmentsLiquidity on hand
$37.4M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$83.0M
$35.8M
Total Assets
$103.3M
$41.9M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
CTM
CTM
Q4 25
Q3 25
Q2 25
$37.4M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
ABUS
ABUS
CTM
CTM
Q4 25
Q3 25
Q2 25
$0
Q1 25
Q4 24
$8.0M
Q3 24
$8.3M
Q2 24
$8.7M
Q1 24
$9.0M
Stockholders' Equity
ABUS
ABUS
CTM
CTM
Q4 25
$35.8M
Q3 25
$36.7M
Q2 25
$83.0M
$31.8M
Q1 25
$26.1M
Q4 24
$20.2M
Q3 24
$12.0M
Q2 24
$12.1M
Q1 24
$12.8M
Total Assets
ABUS
ABUS
CTM
CTM
Q4 25
$41.9M
Q3 25
$46.3M
Q2 25
$103.3M
$43.4M
Q1 25
$41.1M
Q4 24
$37.8M
Q3 24
$28.8M
Q2 24
$29.5M
Q1 24
$30.5M
Debt / Equity
ABUS
ABUS
CTM
CTM
Q4 25
Q3 25
Q2 25
0.00×
Q1 25
Q4 24
0.40×
Q3 24
0.69×
Q2 24
0.72×
Q1 24
0.70×

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
CTM
CTM
Operating Cash FlowLast quarter
$-15.7M
$-661.7K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
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
CTM
CTM
Q4 25
$-661.7K
Q3 25
$1.0M
Q2 25
$-15.7M
$214.2K
Q1 25
$-2.5M
Q4 24
$-394.4K
Q3 24
$742.2K
Q2 24
$748.6K
Q1 24
$23.7K
Free Cash Flow
ABUS
ABUS
CTM
CTM
Q4 25
Q3 25
$957.0K
Q2 25
Q1 25
Q4 24
Q3 24
$738.9K
Q2 24
Q1 24
FCF Margin
ABUS
ABUS
CTM
CTM
Q4 25
Q3 25
6.5%
Q2 25
Q1 25
Q4 24
Q3 24
6.4%
Q2 24
Q1 24
Capex Intensity
ABUS
ABUS
CTM
CTM
Q4 25
Q3 25
0.3%
Q2 25
0.0%
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
ABUS
ABUS
CTM
CTM
Q4 25
Q3 25
2.41×
Q2 25
-6.24×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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