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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and Ellington Credit Co (EARN). Click either name above to swap in a different company.

Arbutus Biopharma Corp is the larger business by last-quarter revenue ($10.7M vs $6.1M, roughly 1.7× Ellington Credit Co). Arbutus Biopharma Corp runs the higher net margin — 23.5% vs -32.6%, a 56.1% gap on every dollar of revenue. On growth, Ellington Credit Co posted the faster year-over-year revenue change (1528.9% vs 522.2%). Over the past eight quarters, Ellington Credit Co's revenue compounded faster (6.3% 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.

Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.

ABUS vs EARN — Head-to-Head

Bigger by revenue
ABUS
ABUS
1.7× larger
ABUS
$10.7M
$6.1M
EARN
Growing faster (revenue YoY)
EARN
EARN
+1006.7% gap
EARN
1528.9%
522.2%
ABUS
Higher net margin
ABUS
ABUS
56.1% more per $
ABUS
23.5%
-32.6%
EARN
Faster 2-yr revenue CAGR
EARN
EARN
Annualised
EARN
6.3%
-13.2%
ABUS

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
ABUS
ABUS
EARN
EARN
Revenue
$10.7M
$6.1M
Net Profit
$2.5M
$-2.0M
Gross Margin
Operating Margin
13.9%
-35.6%
Net Margin
23.5%
-32.6%
Revenue YoY
522.2%
1528.9%
Net Profit YoY
112.7%
-116.1%
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
EARN
EARN
Q2 25
$10.7M
Q4 24
$6.1M
Q3 24
$4.8M
Q2 24
$3.9M
Q4 23
$2.1M
Q3 23
$4.7M
Q2 23
$4.7M
Q1 23
$6.7M
$-372.0K
Net Profit
ABUS
ABUS
EARN
EARN
Q2 25
$2.5M
Q4 24
$-2.0M
Q3 24
$5.4M
Q2 24
$-815.0K
Q4 23
Q3 23
$-20.1M
Q2 23
$-17.1M
Q1 23
$-16.3M
$2.3M
Operating Margin
ABUS
ABUS
EARN
EARN
Q2 25
13.9%
Q4 24
-35.6%
Q3 24
Q2 24
-22.8%
Q4 23
-967.2%
Q3 23
-462.8%
Q2 23
-395.3%
Q1 23
-260.4%
Net Margin
ABUS
ABUS
EARN
EARN
Q2 25
23.5%
Q4 24
-32.6%
Q3 24
114.6%
Q2 24
-20.9%
Q4 23
Q3 23
-431.6%
Q2 23
-367.5%
Q1 23
-244.3%
-628.2%
EPS (diluted)
ABUS
ABUS
EARN
EARN
Q2 25
$0.01
Q4 24
Q3 24
Q2 24
Q4 23
$-0.12
Q3 23
$-0.12
Q2 23
$-0.10
Q1 23
$-0.10

Balance Sheet & Financial Strength

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

Metric
ABUS
ABUS
EARN
EARN
Cash + ST InvestmentsLiquidity on hand
$37.4M
$31.8M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$83.0M
$193.7M
Total Assets
$103.3M
$824.1M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
EARN
EARN
Q2 25
$37.4M
Q4 24
$31.8M
Q3 24
$25.7M
Q2 24
$118.8M
Q4 23
$126.0M
Q3 23
$17.5M
Q2 23
$27.2M
Q1 23
$40.6M
$36.7M
Total Debt
ABUS
ABUS
EARN
EARN
Q2 25
$0
Q4 24
Q3 24
Q2 24
Q4 23
$0
Q3 23
$0
Q2 23
$0
Q1 23
$0
Stockholders' Equity
ABUS
ABUS
EARN
EARN
Q2 25
$83.0M
Q4 24
$193.7M
Q3 24
$191.6M
Q2 24
$146.1M
Q4 23
$106.0M
Q3 23
$119.3M
Q2 23
$134.7M
Q1 23
$143.9M
$115.0M
Total Assets
ABUS
ABUS
EARN
EARN
Q2 25
$103.3M
Q4 24
$824.1M
Q3 24
$752.3M
Q2 24
$933.5M
Q4 23
$144.4M
Q3 23
$158.6M
Q2 23
$176.8M
Q1 23
$191.2M
$1.1B
Debt / Equity
ABUS
ABUS
EARN
EARN
Q2 25
0.00×
Q4 24
Q3 24
Q2 24
Q4 23
0.00×
Q3 23
0.00×
Q2 23
0.00×
Q1 23
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
EARN
EARN
Operating Cash FlowLast quarter
$-15.7M
$4.4M
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
EARN
EARN
Q2 25
$-15.7M
Q4 24
$4.4M
Q3 24
$3.2M
Q2 24
$2.7M
Q4 23
$-17.3M
Q3 23
$-21.8M
Q2 23
$-19.6M
Q1 23
$-27.3M
$-2.4M
Free Cash Flow
ABUS
ABUS
EARN
EARN
Q2 25
Q4 24
Q3 24
Q2 24
Q4 23
Q3 23
$-21.8M
Q2 23
$-20.4M
Q1 23
$-27.4M
FCF Margin
ABUS
ABUS
EARN
EARN
Q2 25
Q4 24
Q3 24
Q2 24
Q4 23
Q3 23
-468.4%
Q2 23
-439.0%
Q1 23
-410.0%
Capex Intensity
ABUS
ABUS
EARN
EARN
Q2 25
0.0%
Q4 24
Q3 24
Q2 24
Q4 23
0.0%
Q3 23
0.7%
Q2 23
18.5%
Q1 23
1.7%
Cash Conversion
ABUS
ABUS
EARN
EARN
Q2 25
-6.24×
Q4 24
Q3 24
0.60×
Q2 24
Q4 23
Q3 23
Q2 23
Q1 23
-1.02×

Financial Flow Comparison

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

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