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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and i-80 Gold Corp. (IAUX). Click either name above to swap in a different company.

i-80 Gold Corp. is the larger business by last-quarter revenue ($21.3M vs $10.7M, roughly 2.0× Arbutus Biopharma Corp). Arbutus Biopharma Corp runs the higher net margin — 23.5% vs -401.9%, a 425.4% gap on every dollar of revenue.

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.

i-80 Gold Corp is a mineral exploration and development firm focused on gold and silver asset operations in Nevada, US. It advances high-potential mining projects, using responsible extraction practices to deliver precious metals to global industrial and investment markets.

ABUS vs IAUX — Head-to-Head

Bigger by revenue
IAUX
IAUX
2.0× larger
IAUX
$21.3M
$10.7M
ABUS
Higher net margin
ABUS
ABUS
425.4% more per $
ABUS
23.5%
-401.9%
IAUX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ABUS
ABUS
IAUX
IAUX
Revenue
$10.7M
$21.3M
Net Profit
$2.5M
$-85.6M
Gross Margin
22.0%
Operating Margin
13.9%
-291.6%
Net Margin
23.5%
-401.9%
Revenue YoY
522.2%
Net Profit YoY
112.7%
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
IAUX
IAUX
Q4 25
$21.3M
Q3 25
$32.0M
Q2 25
$10.7M
$27.8M
Q1 25
$14.0M
Q3 24
$11.5M
Q2 24
$7.2M
Q4 23
$2.1M
Q3 23
$4.7M
Net Profit
ABUS
ABUS
IAUX
IAUX
Q4 25
$-85.6M
Q3 25
$-41.9M
Q2 25
$2.5M
$-30.2M
Q1 25
$-41.2M
Q3 24
$-43.1M
Q2 24
$-41.0M
Q4 23
Q3 23
$-20.1M
Gross Margin
ABUS
ABUS
IAUX
IAUX
Q4 25
22.0%
Q3 25
9.7%
Q2 25
2.9%
Q1 25
20.7%
Q3 24
-42.7%
Q2 24
-171.4%
Q4 23
Q3 23
Operating Margin
ABUS
ABUS
IAUX
IAUX
Q4 25
-291.6%
Q3 25
-86.7%
Q2 25
13.9%
-67.4%
Q1 25
-112.3%
Q3 24
-210.0%
Q2 24
-435.2%
Q4 23
-967.2%
Q3 23
-462.8%
Net Margin
ABUS
ABUS
IAUX
IAUX
Q4 25
-401.9%
Q3 25
-130.8%
Q2 25
23.5%
-108.5%
Q1 25
-293.3%
Q3 24
-374.5%
Q2 24
-570.8%
Q4 23
Q3 23
-431.6%
EPS (diluted)
ABUS
ABUS
IAUX
IAUX
Q4 25
$-0.10
Q3 25
$-0.05
Q2 25
$0.01
$-0.05
Q1 25
$-0.10
Q3 24
$-0.11
Q2 24
$-0.11
Q4 23
$-0.12
Q3 23
$-0.12

Balance Sheet & Financial Strength

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

Metric
ABUS
ABUS
IAUX
IAUX
Cash + ST InvestmentsLiquidity on hand
$37.4M
$63.2M
Total DebtLower is stronger
$0
$174.7M
Stockholders' EquityBook value
$83.0M
$346.8M
Total Assets
$103.3M
$703.4M
Debt / EquityLower = less leverage
0.00×
0.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
IAUX
IAUX
Q4 25
$63.2M
Q3 25
$102.9M
Q2 25
$37.4M
$133.7M
Q1 25
$13.5M
Q3 24
$21.8M
Q2 24
$47.8M
Q4 23
$126.0M
Q3 23
$17.5M
Total Debt
ABUS
ABUS
IAUX
IAUX
Q4 25
$174.7M
Q3 25
$175.9M
Q2 25
$0
$175.8M
Q1 25
$197.5M
Q3 24
Q2 24
Q4 23
$0
Q3 23
$0
Stockholders' Equity
ABUS
ABUS
IAUX
IAUX
Q4 25
$346.8M
Q3 25
$423.0M
Q2 25
$83.0M
$463.5M
Q1 25
$318.0M
Q3 24
$346.9M
Q2 24
$377.2M
Q4 23
$106.0M
Q3 23
$119.3M
Total Assets
ABUS
ABUS
IAUX
IAUX
Q4 25
$703.4M
Q3 25
$756.2M
Q2 25
$103.3M
$782.9M
Q1 25
$659.0M
Q3 24
Q2 24
Q4 23
$144.4M
Q3 23
$158.6M
Debt / Equity
ABUS
ABUS
IAUX
IAUX
Q4 25
0.50×
Q3 25
0.42×
Q2 25
0.00×
0.38×
Q1 25
0.62×
Q3 24
Q2 24
Q4 23
0.00×
Q3 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
IAUX
IAUX
Operating Cash FlowLast quarter
$-15.7M
$-34.3M
Free Cash FlowOCF − Capex
$-39.2M
FCF MarginFCF / Revenue
-184.3%
Capex IntensityCapex / Revenue
0.0%
23.1%
Cash ConversionOCF / Net Profit
-6.24×
TTM Free Cash FlowTrailing 4 quarters
$-93.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
IAUX
IAUX
Q4 25
$-34.3M
Q3 25
$-15.2M
Q2 25
$-15.7M
$-11.3M
Q1 25
$-22.7M
Q3 24
$-23.5M
Q2 24
$-24.6M
Q4 23
$-17.3M
Q3 23
$-21.8M
Free Cash Flow
ABUS
ABUS
IAUX
IAUX
Q4 25
$-39.2M
Q3 25
$-18.5M
Q2 25
$-12.4M
Q1 25
$-23.1M
Q3 24
$-23.8M
Q2 24
$-25.1M
Q4 23
Q3 23
$-21.8M
FCF Margin
ABUS
ABUS
IAUX
IAUX
Q4 25
-184.3%
Q3 25
-57.8%
Q2 25
-44.7%
Q1 25
-164.1%
Q3 24
-206.7%
Q2 24
-349.1%
Q4 23
Q3 23
-468.4%
Capex Intensity
ABUS
ABUS
IAUX
IAUX
Q4 25
23.1%
Q3 25
10.2%
Q2 25
0.0%
3.9%
Q1 25
2.5%
Q3 24
2.5%
Q2 24
7.3%
Q4 23
0.0%
Q3 23
0.7%
Cash Conversion
ABUS
ABUS
IAUX
IAUX
Q4 25
Q3 25
Q2 25
-6.24×
Q1 25
Q3 24
Q2 24
Q4 23
Q3 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

ABUS
ABUS

Segment breakdown not available.

IAUX
IAUX

Granite Creek Mining Company$20.3M95%
Ruby Hill Mining Company LLC$991.0K5%
Lone Tree Minning Company$3.0K0%

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