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Side-by-side financial comparison of Arcellx, Inc. (ACLX) and MODIV INDUSTRIAL, INC. (MDV). Click either name above to swap in a different company.
MODIV INDUSTRIAL, INC. is the larger business by last-quarter revenue ($11.1M vs $8.1M, roughly 1.4× Arcellx, Inc.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -766.0%, a 777.0% gap on every dollar of revenue. On growth, MODIV INDUSTRIAL, INC. posted the faster year-over-year revenue change (-5.6% vs -79.3%). Over the past eight quarters, MODIV INDUSTRIAL, INC.'s revenue compounded faster (-3.8% CAGR vs -24.6%).
Arcellx, Inc. is a clinical-stage biotechnology company that develops innovative chimeric antigen receptor T (CAR-T) cell therapies for treating hard-to-treat cancers including hematologic malignancies and solid tumors. Its core pipeline targets unmet oncology medical needs, serving global patient populations and partnering with life sciences stakeholders.
MODIV INDUSTRIAL, INC. is a U.S.-based industrial real estate enterprise focused on acquiring, owning and operating high-quality industrial properties mainly located in key logistics and distribution hubs across North America. It serves tenants from sectors including e-commerce fulfillment, manufacturing and third-party logistics, addressing rising demand for modern supply chain infrastructure.
ACLX vs MDV — Head-to-Head
Income Statement — Q1 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.1M | $11.1M |
| Net Profit | $-62.3M | $1.2M |
| Gross Margin | — | — |
| Operating Margin | -847.6% | 45.8% |
| Net Margin | -766.0% | 11.0% |
| Revenue YoY | -79.3% | -5.6% |
| Net Profit YoY | -765.1% | -22.0% |
| EPS (diluted) | $-1.13 | $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.
| Q4 25 | — | $11.1M | ||
| Q3 25 | — | $11.7M | ||
| Q2 25 | — | $11.8M | ||
| Q1 25 | $8.1M | $11.8M | ||
| Q4 24 | $15.3M | $11.7M | ||
| Q3 24 | $26.0M | $11.7M | ||
| Q2 24 | $27.4M | $11.4M | ||
| Q1 24 | $39.3M | $12.0M |
| Q4 25 | — | $1.2M | ||
| Q3 25 | — | $1.0M | ||
| Q2 25 | — | $-2.0M | ||
| Q1 25 | $-62.3M | $829.0K | ||
| Q4 24 | $-47.1M | $1.6M | ||
| Q3 24 | $-25.9M | $-587.0K | ||
| Q2 24 | $-27.2M | $1.3M | ||
| Q1 24 | $-7.2M | $3.7M |
| Q4 25 | — | 45.8% | ||
| Q3 25 | — | 41.4% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | -847.6% | 40.2% | ||
| Q4 24 | -348.2% | 45.4% | ||
| Q3 24 | -129.1% | 42.0% | ||
| Q2 24 | -127.8% | 44.6% | ||
| Q1 24 | -40.3% | 55.6% |
| Q4 25 | — | 11.0% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | -17.1% | ||
| Q1 25 | -766.0% | 7.0% | ||
| Q4 24 | -308.4% | 13.3% | ||
| Q3 24 | -99.4% | -5.0% | ||
| Q2 24 | -99.3% | 11.6% | ||
| Q1 24 | -18.3% | 31.1% |
| Q4 25 | — | $0.02 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $-0.32 | ||
| Q1 25 | $-1.13 | $-0.01 | ||
| Q4 24 | $-0.87 | $0.07 | ||
| Q3 24 | $-0.48 | $-0.18 | ||
| Q2 24 | $-0.51 | $0.03 | ||
| Q1 24 | $-0.14 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $543.3M | $14.4M |
| Total DebtLower is stronger | — | $261.5M |
| Stockholders' EquityBook value | $416.9M | $162.7M |
| Total Assets | $648.1M | $476.5M |
| Debt / EquityLower = less leverage | — | 1.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.4M | ||
| Q3 25 | — | $8.3M | ||
| Q2 25 | — | $5.8M | ||
| Q1 25 | $543.3M | $6.2M | ||
| Q4 24 | $587.4M | $11.5M | ||
| Q3 24 | $574.3M | $6.8M | ||
| Q2 24 | $516.7M | $18.9M | ||
| Q1 24 | $573.9M | $18.4M |
| Q4 25 | — | $261.5M | ||
| Q3 25 | — | $279.7M | ||
| Q2 25 | — | $279.7M | ||
| Q1 25 | — | $279.7M | ||
| Q4 24 | — | $279.8M | ||
| Q3 24 | — | $279.7M | ||
| Q2 24 | — | $279.7M | ||
| Q1 24 | — | $279.6M |
| Q4 25 | — | $162.7M | ||
| Q3 25 | — | $164.8M | ||
| Q2 25 | — | $165.6M | ||
| Q1 25 | $416.9M | $171.1M | ||
| Q4 24 | $454.8M | $190.1M | ||
| Q3 24 | $483.0M | $186.3M | ||
| Q2 24 | $487.2M | $187.0M | ||
| Q1 24 | $496.6M | $188.0M |
| Q4 25 | — | $476.5M | ||
| Q3 25 | — | $499.6M | ||
| Q2 25 | — | $498.9M | ||
| Q1 25 | $648.1M | $506.8M | ||
| Q4 24 | $711.3M | $507.8M | ||
| Q3 24 | $764.9M | $507.4M | ||
| Q2 24 | $734.3M | $519.5M | ||
| Q1 24 | $779.7M | $522.5M |
| Q4 25 | — | 1.61× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.47× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | — | 1.50× | ||
| Q1 24 | — | 1.49× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-63.1M | $15.0M |
| Free Cash FlowOCF − Capex | $-63.9M | — |
| FCF MarginFCF / Revenue | -786.4% | — |
| Capex IntensityCapex / Revenue | 9.6% | — |
| Cash ConversionOCF / Net Profit | — | 12.34× |
| TTM Free Cash FlowTrailing 4 quarters | $-122.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $15.0M | ||
| Q3 25 | — | $4.1M | ||
| Q2 25 | — | $3.9M | ||
| Q1 25 | $-63.1M | $3.0M | ||
| Q4 24 | $-46.0M | $18.2M | ||
| Q3 24 | $30.7M | $5.1M | ||
| Q2 24 | $-36.2M | $4.7M | ||
| Q1 24 | $-31.9M | $3.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-63.9M | — | ||
| Q4 24 | $-47.5M | — | ||
| Q3 24 | $28.4M | — | ||
| Q2 24 | $-39.5M | — | ||
| Q1 24 | $-38.3M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -786.4% | — | ||
| Q4 24 | -311.3% | — | ||
| Q3 24 | 109.2% | — | ||
| Q2 24 | -144.1% | — | ||
| Q1 24 | -97.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 9.6% | — | ||
| Q4 24 | 9.8% | — | ||
| Q3 24 | 8.8% | — | ||
| Q2 24 | 11.7% | — | ||
| Q1 24 | 16.4% | — |
| Q4 25 | — | 12.34× | ||
| Q3 25 | — | 3.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.68× | ||
| Q4 24 | — | 11.72× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.55× | ||
| Q1 24 | — | 0.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
