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Side-by-side financial comparison of ACADIA PHARMACEUTICALS INC (ACAD) and FORMFACTOR INC (FORM). Click either name above to swap in a different company.

ACADIA PHARMACEUTICALS INC is the larger business by last-quarter revenue ($284.0M vs $226.1M, roughly 1.3× FORMFACTOR INC). ACADIA PHARMACEUTICALS INC runs the higher net margin — 96.3% vs 9.0%, a 87.3% gap on every dollar of revenue. On growth, FORMFACTOR INC posted the faster year-over-year revenue change (32.0% vs 9.4%). Over the past eight quarters, ACADIA PHARMACEUTICALS INC's revenue compounded faster (17.5% CAGR vs 7.0%).

Acadia Pharmaceuticals Inc. is a biopharmaceutical company headquartered in Del Mar, San Diego, California.

Formfactor, Inc. is a provider of test and measurement technologies for integrated circuits, with its headquarters in Livermore, California. It provides semiconductor companies with products to improve device performance and provide test and measurement technologies for integrated circuits.

ACAD vs FORM — Head-to-Head

Bigger by revenue
ACAD
ACAD
1.3× larger
ACAD
$284.0M
$226.1M
FORM
Growing faster (revenue YoY)
FORM
FORM
+22.6% gap
FORM
32.0%
9.4%
ACAD
Higher net margin
ACAD
ACAD
87.3% more per $
ACAD
96.3%
9.0%
FORM
Faster 2-yr revenue CAGR
ACAD
ACAD
Annualised
ACAD
17.5%
7.0%
FORM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ACAD
ACAD
FORM
FORM
Revenue
$284.0M
$226.1M
Net Profit
$273.6M
$20.4M
Gross Margin
90.8%
38.4%
Operating Margin
6.1%
7.4%
Net Margin
96.3%
9.0%
Revenue YoY
9.4%
32.0%
Net Profit YoY
90.3%
218.5%
EPS (diluted)
$1.61
$0.26

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
ACAD
ACAD
FORM
FORM
Q1 26
$226.1M
Q4 25
$284.0M
$215.2M
Q3 25
$278.6M
$202.7M
Q2 25
$264.6M
$195.8M
Q1 25
$244.3M
$171.4M
Q4 24
$259.6M
$189.5M
Q3 24
$250.4M
$207.9M
Q2 24
$242.0M
$197.5M
Net Profit
ACAD
ACAD
FORM
FORM
Q1 26
$20.4M
Q4 25
$273.6M
$23.2M
Q3 25
$71.8M
$15.7M
Q2 25
$26.7M
$9.1M
Q1 25
$19.0M
$6.4M
Q4 24
$143.7M
$9.7M
Q3 24
$32.8M
$18.7M
Q2 24
$33.4M
$19.4M
Gross Margin
ACAD
ACAD
FORM
FORM
Q1 26
38.4%
Q4 25
90.8%
42.2%
Q3 25
92.2%
39.8%
Q2 25
92.2%
37.3%
Q1 25
91.7%
37.7%
Q4 24
91.6%
38.8%
Q3 24
92.5%
40.7%
Q2 24
92.5%
44.0%
Operating Margin
ACAD
ACAD
FORM
FORM
Q1 26
7.4%
Q4 25
6.1%
10.9%
Q3 25
12.8%
8.9%
Q2 25
12.2%
6.3%
Q1 25
7.9%
1.9%
Q4 24
59.1%
4.1%
Q3 24
12.6%
8.6%
Q2 24
12.6%
9.0%
Net Margin
ACAD
ACAD
FORM
FORM
Q1 26
9.0%
Q4 25
96.3%
10.8%
Q3 25
25.8%
7.7%
Q2 25
10.1%
4.6%
Q1 25
7.8%
3.7%
Q4 24
55.4%
5.1%
Q3 24
13.1%
9.0%
Q2 24
13.8%
9.8%
EPS (diluted)
ACAD
ACAD
FORM
FORM
Q1 26
$0.26
Q4 25
$1.61
$0.29
Q3 25
$0.42
$0.20
Q2 25
$0.16
$0.12
Q1 25
$0.11
$0.08
Q4 24
$0.86
$0.12
Q3 24
$0.20
$0.24
Q2 24
$0.20
$0.25

Balance Sheet & Financial Strength

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

Metric
ACAD
ACAD
FORM
FORM
Cash + ST InvestmentsLiquidity on hand
$177.7M
$123.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$1.1B
Total Assets
$1.6B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACAD
ACAD
FORM
FORM
Q1 26
$123.5M
Q4 25
$177.7M
$103.3M
Q3 25
$258.0M
$266.0M
Q2 25
$253.6M
$249.3M
Q1 25
$217.7M
$299.0M
Q4 24
$319.6M
$360.0M
Q3 24
$155.1M
$354.5M
Q2 24
$177.1M
$357.6M
Total Debt
ACAD
ACAD
FORM
FORM
Q1 26
Q4 25
$12.2M
Q3 25
Q2 25
Q1 25
Q4 24
$13.3M
Q3 24
Q2 24
Stockholders' Equity
ACAD
ACAD
FORM
FORM
Q1 26
$1.1B
Q4 25
$1.2B
$1.0B
Q3 25
$917.3M
$1.0B
Q2 25
$822.4M
$990.0M
Q1 25
$765.2M
$965.9M
Q4 24
$732.8M
$947.8M
Q3 24
$577.2M
$955.0M
Q2 24
$516.7M
$947.9M
Total Assets
ACAD
ACAD
FORM
FORM
Q1 26
$1.3B
Q4 25
$1.6B
$1.2B
Q3 25
$1.3B
$1.2B
Q2 25
$1.2B
$1.2B
Q1 25
$1.1B
$1.2B
Q4 24
$1.2B
$1.1B
Q3 24
$976.9M
$1.2B
Q2 24
$914.1M
$1.2B
Debt / Equity
ACAD
ACAD
FORM
FORM
Q1 26
Q4 25
0.01×
Q3 25
Q2 25
Q1 25
Q4 24
0.01×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACAD
ACAD
FORM
FORM
Operating Cash FlowLast quarter
$-48.7M
$45.0M
Free Cash FlowOCF − Capex
$30.7M
FCF MarginFCF / Revenue
13.6%
Capex IntensityCapex / Revenue
6.7%
Cash ConversionOCF / Net Profit
-0.18×
2.21×
TTM Free Cash FlowTrailing 4 quarters
$37.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACAD
ACAD
FORM
FORM
Q1 26
$45.0M
Q4 25
$-48.7M
$46.0M
Q3 25
$74.3M
$27.0M
Q2 25
$64.0M
$18.9M
Q1 25
$20.3M
$23.5M
Q4 24
$40.4M
$35.9M
Q3 24
$63.2M
$26.7M
Q2 24
$25.0M
$21.9M
Free Cash Flow
ACAD
ACAD
FORM
FORM
Q1 26
$30.7M
Q4 25
$34.7M
Q3 25
$73.9M
$19.5M
Q2 25
$-47.4M
Q1 25
$5.0M
Q4 24
$28.3M
Q3 24
$63.2M
$17.8M
Q2 24
$13.5M
FCF Margin
ACAD
ACAD
FORM
FORM
Q1 26
13.6%
Q4 25
16.1%
Q3 25
26.5%
9.6%
Q2 25
-24.2%
Q1 25
2.9%
Q4 24
14.9%
Q3 24
25.2%
8.6%
Q2 24
6.8%
Capex Intensity
ACAD
ACAD
FORM
FORM
Q1 26
6.7%
Q4 25
5.3%
Q3 25
0.1%
3.7%
Q2 25
33.8%
Q1 25
10.8%
Q4 24
4.0%
Q3 24
0.0%
4.3%
Q2 24
4.3%
Cash Conversion
ACAD
ACAD
FORM
FORM
Q1 26
2.21×
Q4 25
-0.18×
1.98×
Q3 25
1.03×
1.72×
Q2 25
2.40×
2.08×
Q1 25
1.07×
3.68×
Q4 24
0.28×
3.70×
Q3 24
1.93×
1.43×
Q2 24
0.75×
1.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ACAD
ACAD

Nuplazid$174.4M61%
Daybue$109.6M39%

FORM
FORM

Segment breakdown not available.

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