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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $15.8M, roughly 1.5× Spire Global, Inc.). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -26.9%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
ADCT vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.1M | $15.8M |
| Net Profit | — | $-28.0M |
| Gross Margin | — | 40.2% |
| Operating Margin | -77.7% | -164.1% |
| Net Margin | — | -176.6% |
| Revenue YoY | 36.4% | -26.9% |
| Net Profit YoY | — | 42.7% |
| EPS (diluted) | $0.04 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $15.8M | $12.7M | ||
| Q2 25 | $18.1M | $19.2M | ||
| Q1 25 | $17.4M | $23.9M | ||
| Q4 24 | $16.9M | $21.7M | ||
| Q3 24 | $18.0M | $28.6M | ||
| Q2 24 | $17.0M | $25.4M | ||
| Q1 24 | $17.8M | $34.8M |
| Q4 25 | — | $-28.0M | ||
| Q3 25 | $-41.0M | $-19.7M | ||
| Q2 25 | $-56.6M | $119.6M | ||
| Q1 25 | $-38.6M | $-20.7M | ||
| Q4 24 | — | $-48.8M | ||
| Q3 24 | $-44.0M | $-12.5M | ||
| Q2 24 | $-36.5M | $-16.6M | ||
| Q1 24 | $-46.6M | $-25.5M |
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% | ||
| Q1 24 | — | 26.5% |
| Q4 25 | -77.7% | -164.1% | ||
| Q3 25 | -196.6% | -166.1% | ||
| Q2 25 | -244.1% | -122.7% | ||
| Q1 25 | -163.5% | -106.5% | ||
| Q4 24 | -191.8% | -144.1% | ||
| Q3 24 | -197.4% | -48.0% | ||
| Q2 24 | -170.5% | -48.6% | ||
| Q1 24 | -188.3% | -34.4% |
| Q4 25 | — | -176.6% | ||
| Q3 25 | -260.1% | -155.3% | ||
| Q2 25 | -313.2% | 623.4% | ||
| Q1 25 | -221.8% | -86.5% | ||
| Q4 24 | — | -225.2% | ||
| Q3 24 | -244.1% | -43.7% | ||
| Q2 24 | -214.6% | -65.2% | ||
| Q1 24 | -261.1% | -73.3% |
| Q4 25 | $0.04 | $-0.85 | ||
| Q3 25 | $-0.30 | $-0.61 | ||
| Q2 25 | $-0.50 | $3.72 | ||
| Q1 25 | $-0.36 | $-0.77 | ||
| Q4 24 | $-0.26 | $-1.93 | ||
| Q3 24 | $-0.42 | $-0.50 | ||
| Q2 24 | $-0.38 | $-0.68 | ||
| Q1 24 | $-0.56 | $-1.17 |
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 | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-185.8M | $112.9M |
| Total Assets | $323.1M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.3M | $81.8M | ||
| Q3 25 | $234.7M | $96.8M | ||
| Q2 25 | $264.6M | $117.6M | ||
| Q1 25 | $194.7M | $35.9M | ||
| Q4 24 | $250.9M | $19.2M | ||
| Q3 24 | $274.3M | $36.6M | ||
| Q2 24 | $300.1M | $45.8M | ||
| Q1 24 | $234.3M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | $-185.8M | $112.9M | ||
| Q3 25 | $-238.2M | $133.1M | ||
| Q2 25 | $-199.2M | $149.2M | ||
| Q1 25 | $-238.2M | $3.7M | ||
| Q4 24 | $-202.6M | $-11.7M | ||
| Q3 24 | $-171.9M | $30.8M | ||
| Q2 24 | $-131.7M | $40.3M | ||
| Q1 24 | $-194.4M | $52.5M |
| Q4 25 | $323.1M | $211.0M | ||
| Q3 25 | $289.8M | $224.3M | ||
| Q2 25 | $321.6M | $239.5M | ||
| Q1 25 | $272.5M | $208.8M | ||
| Q4 24 | $322.0M | $193.6M | ||
| Q3 24 | $349.1M | $224.2M | ||
| Q2 24 | $371.8M | $230.8M | ||
| Q1 24 | $308.0M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | — | $-16.2M |
| FCF MarginFCF / Revenue | — | -102.1% |
| Capex IntensityCapex / Revenue | 0.0% | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.1M | $-4.3M | ||
| Q3 25 | $-29.6M | $-12.0M | ||
| Q2 25 | $-24.1M | $-35.1M | ||
| Q1 25 | $-56.3M | $-8.4M | ||
| Q4 24 | $-21.9M | $-19.2M | ||
| Q3 24 | $-25.0M | $14.0M | ||
| Q2 24 | $-32.8M | $-4.4M | ||
| Q1 24 | $-44.1M | $-8.8M |
| Q4 25 | — | $-16.2M | ||
| Q3 25 | — | $-20.4M | ||
| Q2 25 | — | $-38.7M | ||
| Q1 25 | $-56.6M | $-17.3M | ||
| Q4 24 | $-21.9M | $-24.3M | ||
| Q3 24 | $-25.3M | $5.1M | ||
| Q2 24 | $-32.9M | $-9.9M | ||
| Q1 24 | $-44.6M | $-15.9M |
| Q4 25 | — | -102.1% | ||
| Q3 25 | — | -161.3% | ||
| Q2 25 | — | -201.7% | ||
| Q1 25 | -325.2% | -72.6% | ||
| Q4 24 | -129.8% | -112.2% | ||
| Q3 24 | -140.2% | 17.8% | ||
| Q2 24 | -193.0% | -39.0% | ||
| Q1 24 | -250.0% | -45.7% |
| Q4 25 | 0.0% | 75.1% | ||
| Q3 25 | 0.0% | 66.2% | ||
| Q2 25 | 0.0% | 18.8% | ||
| Q1 25 | 1.5% | 37.3% | ||
| Q4 24 | 0.5% | 23.5% | ||
| Q3 24 | 1.2% | 31.2% | ||
| Q2 24 | 0.2% | 21.8% | ||
| Q1 24 | 3.0% | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
