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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and CSP INC (CSPI). Click either name above to swap in a different company.
ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $12.0M, roughly 1.9× CSP INC). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -23.2%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs -6.3%).
ADC Telecommunications, Inc. was a communications company in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. It was acquired by TE Connectivity in December 2010 and ceased to exist as a separate entity. ADC products were sold by CommScope after it acquired the Broadband Network Solutions business unit from TE Connectivity in August 2015.
CSP Inc. is a U.S.-based technology firm offering cybersecurity solutions, managed IT services, high-performance computing systems, and IT consulting support. It serves enterprises across healthcare, finance, manufacturing, and public sectors in North America and select global markets.
ADCT vs CSPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $23.1M | $12.0M |
| Net Profit | — | $91.0K |
| Gross Margin | — | 39.3% |
| Operating Margin | -77.7% | -0.9% |
| Net Margin | — | 0.8% |
| Revenue YoY | 36.4% | -23.2% |
| Net Profit YoY | — | -80.7% |
| EPS (diluted) | $0.04 | $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.
| Q4 25 | $23.1M | $12.0M | ||
| Q3 25 | $15.8M | $14.5M | ||
| Q2 25 | $18.1M | $15.4M | ||
| Q1 25 | $17.4M | $13.1M | ||
| Q4 24 | $16.9M | $15.7M | ||
| Q3 24 | $18.0M | $13.0M | ||
| Q2 24 | $17.0M | $13.1M | ||
| Q1 24 | $17.8M | $13.7M |
| Q4 25 | — | $91.0K | ||
| Q3 25 | $-41.0M | $-191.0K | ||
| Q2 25 | $-56.6M | $-264.0K | ||
| Q1 25 | $-38.6M | $-108.0K | ||
| Q4 24 | — | $472.0K | ||
| Q3 24 | $-44.0M | $-1.7M | ||
| Q2 24 | $-36.5M | $-185.0K | ||
| Q1 24 | $-46.6M | $1.6M |
| Q4 25 | — | 39.3% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 32.0% | ||
| Q4 24 | — | 29.1% | ||
| Q3 24 | — | 28.4% | ||
| Q2 24 | — | 35.0% | ||
| Q1 24 | — | 47.3% |
| Q4 25 | -77.7% | -0.9% | ||
| Q3 25 | -196.6% | -3.7% | ||
| Q2 25 | -244.1% | -7.9% | ||
| Q1 25 | -163.5% | -7.6% | ||
| Q4 24 | -191.8% | -2.3% | ||
| Q3 24 | -197.4% | -15.7% | ||
| Q2 24 | -170.5% | -5.5% | ||
| Q1 24 | -188.3% | 9.0% |
| Q4 25 | — | 0.8% | ||
| Q3 25 | -260.1% | -1.3% | ||
| Q2 25 | -313.2% | -1.7% | ||
| Q1 25 | -221.8% | -0.8% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | -244.1% | -12.7% | ||
| Q2 24 | -214.6% | -1.4% | ||
| Q1 24 | -261.1% | 11.6% |
| Q4 25 | $0.04 | $0.01 | ||
| Q3 25 | $-0.30 | $-0.02 | ||
| Q2 25 | $-0.50 | $-0.03 | ||
| Q1 25 | $-0.36 | $-0.01 | ||
| Q4 24 | $-0.26 | $0.05 | ||
| Q3 24 | $-0.42 | $-0.17 | ||
| Q2 24 | $-0.38 | $-0.02 | ||
| Q1 24 | $-0.56 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $261.3M | $24.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-185.8M | $44.8M |
| Total Assets | $323.1M | $69.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.3M | $24.9M | ||
| Q3 25 | $234.7M | $27.4M | ||
| Q2 25 | $264.6M | $26.3M | ||
| Q1 25 | $194.7M | $29.5M | ||
| Q4 24 | $250.9M | $30.7M | ||
| Q3 24 | $274.3M | $30.6M | ||
| Q2 24 | $300.1M | $28.9M | ||
| Q1 24 | $234.3M | $27.1M |
| Q4 25 | $-185.8M | $44.8M | ||
| Q3 25 | $-238.2M | $44.6M | ||
| Q2 25 | $-199.2M | $47.5M | ||
| Q1 25 | $-238.2M | $47.5M | ||
| Q4 24 | $-202.6M | $47.5M | ||
| Q3 24 | $-171.9M | $47.3M | ||
| Q2 24 | $-131.7M | $48.1M | ||
| Q1 24 | $-194.4M | $48.2M |
| Q4 25 | $323.1M | $69.2M | ||
| Q3 25 | $289.8M | $71.2M | ||
| Q2 25 | $321.6M | $66.8M | ||
| Q1 25 | $272.5M | $67.1M | ||
| Q4 24 | $322.0M | $67.5M | ||
| Q3 24 | $349.1M | $69.4M | ||
| Q2 24 | $371.8M | $66.8M | ||
| Q1 24 | $308.0M | $64.2M |
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 | $-31.1M | $-2.9M |
| Free Cash FlowOCF − Capex | — | $-3.0M |
| FCF MarginFCF / Revenue | — | -25.1% |
| Capex IntensityCapex / Revenue | 0.0% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -32.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.1M | $-2.9M | ||
| Q3 25 | $-29.6M | $1.9M | ||
| Q2 25 | $-24.1M | $-3.3M | ||
| Q1 25 | $-56.3M | $1.9M | ||
| Q4 24 | $-21.9M | $1.7M | ||
| Q3 24 | $-25.0M | $-1.5M | ||
| Q2 24 | $-32.8M | $2.4M | ||
| Q1 24 | $-44.1M | $1.7M |
| Q4 25 | — | $-3.0M | ||
| Q3 25 | — | $1.7M | ||
| Q2 25 | — | $-3.3M | ||
| Q1 25 | $-56.6M | $1.9M | ||
| Q4 24 | $-21.9M | $1.7M | ||
| Q3 24 | $-25.3M | $-1.5M | ||
| Q2 24 | $-32.9M | $2.4M | ||
| Q1 24 | $-44.6M | $1.6M |
| Q4 25 | — | -25.1% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | -21.7% | ||
| Q1 25 | -325.2% | 14.5% | ||
| Q4 24 | -129.8% | 10.8% | ||
| Q3 24 | -140.2% | -11.7% | ||
| Q2 24 | -193.0% | 17.9% | ||
| Q1 24 | -250.0% | 11.9% |
| Q4 25 | 0.0% | 0.9% | ||
| Q3 25 | 0.0% | 1.6% | ||
| Q2 25 | 0.0% | 0.4% | ||
| Q1 25 | 1.5% | 0.1% | ||
| Q4 24 | 0.5% | 0.3% | ||
| Q3 24 | 1.2% | 0.1% | ||
| Q2 24 | 0.2% | 0.3% | ||
| Q1 24 | 3.0% | 0.1% |
| Q4 25 | — | -32.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.69× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADCT
Segment breakdown not available.
CSPI
| Products | $6.7M | 56% |
| Services | $5.3M | 44% |
