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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and Valens Semiconductor Ltd. (VLN). Click either name above to swap in a different company.

Valens Semiconductor Ltd. is the larger business by last-quarter revenue ($17.3M vs $10.7M, roughly 1.6× Arbutus Biopharma Corp). Arbutus Biopharma Corp runs the higher net margin — 23.5% vs -42.2%, a 65.7% gap on every dollar of revenue. On growth, Arbutus Biopharma Corp posted the faster year-over-year revenue change (522.2% vs 8.1%).

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.

Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...

ABUS vs VLN — Head-to-Head

Bigger by revenue
VLN
VLN
1.6× larger
VLN
$17.3M
$10.7M
ABUS
Growing faster (revenue YoY)
ABUS
ABUS
+514.1% gap
ABUS
522.2%
8.1%
VLN
Higher net margin
ABUS
ABUS
65.7% more per $
ABUS
23.5%
-42.2%
VLN

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
ABUS
ABUS
VLN
VLN
Revenue
$10.7M
$17.3M
Net Profit
$2.5M
$-7.3M
Gross Margin
63.0%
Operating Margin
13.9%
-46.4%
Net Margin
23.5%
-42.2%
Revenue YoY
522.2%
8.1%
Net Profit YoY
112.7%
29.3%
EPS (diluted)
$0.01
$-0.07

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
VLN
VLN
Q3 25
$17.3M
Q2 25
$10.7M
$17.1M
Q1 25
$16.8M
Q3 24
$16.0M
Q2 24
$13.6M
Q4 23
$2.1M
Q3 23
$4.7M
Q2 23
$4.7M
$24.2M
Net Profit
ABUS
ABUS
VLN
VLN
Q3 25
$-7.3M
Q2 25
$2.5M
$-7.2M
Q1 25
$-8.3M
Q3 24
$-10.4M
Q2 24
$-8.9M
Q4 23
Q3 23
$-20.1M
Q2 23
$-17.1M
$-4.6M
Gross Margin
ABUS
ABUS
VLN
VLN
Q3 25
63.0%
Q2 25
63.5%
Q1 25
62.9%
Q3 24
56.4%
Q2 24
61.4%
Q4 23
Q3 23
Q2 23
61.8%
Operating Margin
ABUS
ABUS
VLN
VLN
Q3 25
-46.4%
Q2 25
13.9%
-43.3%
Q1 25
-56.2%
Q3 24
-76.3%
Q2 24
-69.2%
Q4 23
-967.2%
Q3 23
-462.8%
Q2 23
-395.3%
-21.4%
Net Margin
ABUS
ABUS
VLN
VLN
Q3 25
-42.2%
Q2 25
23.5%
-42.1%
Q1 25
-49.4%
Q3 24
-64.6%
Q2 24
-65.2%
Q4 23
Q3 23
-431.6%
Q2 23
-367.5%
-19.0%
EPS (diluted)
ABUS
ABUS
VLN
VLN
Q3 25
$-0.07
Q2 25
$0.01
$-0.07
Q1 25
$-0.08
Q3 24
$-0.10
Q2 24
$-0.08
Q4 23
$-0.12
Q3 23
$-0.12
Q2 23
$-0.10
$-0.05

Balance Sheet & Financial Strength

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

Metric
ABUS
ABUS
VLN
VLN
Cash + ST InvestmentsLiquidity on hand
$37.4M
$93.5M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$83.0M
$108.8M
Total Assets
$103.3M
$136.7M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
VLN
VLN
Q3 25
$93.5M
Q2 25
$37.4M
$102.7M
Q1 25
$112.5M
Q3 24
$133.1M
Q2 24
$105.9M
Q4 23
$126.0M
Q3 23
$17.5M
Q2 23
$27.2M
$138.0M
Total Debt
ABUS
ABUS
VLN
VLN
Q3 25
Q2 25
$0
Q1 25
Q3 24
Q2 24
Q4 23
$0
Q3 23
$0
Q2 23
$0
Stockholders' Equity
ABUS
ABUS
VLN
VLN
Q3 25
$108.8M
Q2 25
$83.0M
$116.5M
Q1 25
$128.6M
Q3 24
$147.0M
Q2 24
$153.5M
Q4 23
$106.0M
Q3 23
$119.3M
Q2 23
$134.7M
$166.3M
Total Assets
ABUS
ABUS
VLN
VLN
Q3 25
$136.7M
Q2 25
$103.3M
$144.8M
Q1 25
$154.6M
Q3 24
$171.9M
Q2 24
$175.8M
Q4 23
$144.4M
Q3 23
$158.6M
Q2 23
$176.8M
$184.3M
Debt / Equity
ABUS
ABUS
VLN
VLN
Q3 25
Q2 25
0.00×
Q1 25
Q3 24
Q2 24
Q4 23
0.00×
Q3 23
0.00×
Q2 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
VLN
VLN
Operating Cash FlowLast quarter
$-15.7M
$-4.7M
Free Cash FlowOCF − Capex
$-4.9M
FCF MarginFCF / Revenue
-28.5%
Capex IntensityCapex / Revenue
0.0%
1.6%
Cash ConversionOCF / Net Profit
-6.24×
TTM Free Cash FlowTrailing 4 quarters
$-11.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
VLN
VLN
Q3 25
$-4.7M
Q2 25
$-15.7M
$-211.0K
Q1 25
$-7.6M
Q3 24
$3.0M
Q2 24
$-225.0K
Q4 23
$-17.3M
Q3 23
$-21.8M
Q2 23
$-19.6M
$358.0K
Free Cash Flow
ABUS
ABUS
VLN
VLN
Q3 25
$-4.9M
Q2 25
$-330.0K
Q1 25
$-8.0M
Q3 24
$2.2M
Q2 24
$-460.0K
Q4 23
Q3 23
$-21.8M
Q2 23
$-20.4M
$-419.0K
FCF Margin
ABUS
ABUS
VLN
VLN
Q3 25
-28.5%
Q2 25
-1.9%
Q1 25
-47.3%
Q3 24
14.0%
Q2 24
-3.4%
Q4 23
Q3 23
-468.4%
Q2 23
-439.0%
-1.7%
Capex Intensity
ABUS
ABUS
VLN
VLN
Q3 25
1.6%
Q2 25
0.0%
0.7%
Q1 25
2.1%
Q3 24
4.5%
Q2 24
1.7%
Q4 23
0.0%
Q3 23
0.7%
Q2 23
18.5%
3.2%
Cash Conversion
ABUS
ABUS
VLN
VLN
Q3 25
Q2 25
-6.24×
Q1 25
Q3 24
Q2 24
Q4 23
Q3 23
Q2 23

Financial Flow Comparison

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

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