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Side-by-side financial comparison of Altimmune, Inc. (ALT) and Dare Bioscience, Inc. (DARE). Click either name above to swap in a different company.

Altimmune, Inc. is the larger business by last-quarter revenue ($26.0K vs $25.4K, roughly 1.0× Dare Bioscience, Inc.). On growth, Altimmune, Inc. posted the faster year-over-year revenue change (420.0% vs 173.3%). Dare Bioscience, Inc. produced more free cash flow last quarter ($-5.6M vs $-67.5M).

Altimmune, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative immunotherapies, vaccines, and peptide-based therapies. Its pipeline covers infectious disease prevention, liver disease treatments, and metabolic disorder therapies, serving global biopharmaceutical and healthcare markets while advancing candidates through clinical trials.

Dare Bioscience, Inc. is a clinical-stage biopharmaceutical company focused on women’s health solutions. It develops innovative therapies for gynecological conditions, reproductive health, and sexual wellness, targeting unmet medical needs primarily in the U.S. market, with plans to expand to other global developed markets.

ALT vs DARE — Head-to-Head

Bigger by revenue
ALT
ALT
1.0× larger
ALT
$26.0K
$25.4K
DARE
Growing faster (revenue YoY)
ALT
ALT
+246.7% gap
ALT
420.0%
173.3%
DARE
More free cash flow
DARE
DARE
$61.9M more FCF
DARE
$-5.6M
$-67.5M
ALT

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
ALT
ALT
DARE
DARE
Revenue
$26.0K
$25.4K
Net Profit
$-4.4M
Gross Margin
Operating Margin
-18016.7%
Net Margin
-17219.1%
Revenue YoY
420.0%
173.3%
Net Profit YoY
-18.0%
35.2%
EPS (diluted)
$-0.50

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
ALT
ALT
DARE
DARE
Q4 25
$26.0K
Q3 25
$5.0K
Q2 25
$5.0K
Q1 25
$5.0K
$25.4K
Q4 24
$5.0K
Q3 24
$5.0K
$41.7K
Q2 24
$5.0K
$22.4K
Q1 24
$5.0K
$9.3K
Net Profit
ALT
ALT
DARE
DARE
Q4 25
Q3 25
$-19.0M
Q2 25
$-22.1M
Q1 25
$-19.6M
$-4.4M
Q4 24
Q3 24
$-22.8M
$-4.7M
Q2 24
$-24.6M
$12.9M
Q1 24
$-24.4M
$-6.8M
Operating Margin
ALT
ALT
DARE
DARE
Q4 25
Q3 25
-417180.0%
Q2 25
-458440.0%
Q1 25
-436300.0%
-18016.7%
Q4 24
Q3 24
-495340.0%
-11228.7%
Q2 24
-534900.0%
-32799.1%
Q1 24
-535880.0%
-64743.9%
Net Margin
ALT
ALT
DARE
DARE
Q4 25
Q3 25
-380280.0%
Q2 25
-442920.0%
Q1 25
-391500.0%
-17219.1%
Q4 24
Q3 24
-456900.0%
-11279.4%
Q2 24
-492800.0%
57539.2%
Q1 24
-487880.0%
-72622.6%
EPS (diluted)
ALT
ALT
DARE
DARE
Q4 25
Q3 25
$-0.21
Q2 25
$-0.27
Q1 25
$-0.26
$-0.50
Q4 24
Q3 24
$-0.32
$-0.55
Q2 24
$-0.35
$1.52
Q1 24
$-0.34
$-0.81

Balance Sheet & Financial Strength

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

Metric
ALT
ALT
DARE
DARE
Cash + ST InvestmentsLiquidity on hand
$273.5M
$10.3M
Total DebtLower is stronger
$34.3M
Stockholders' EquityBook value
$224.9M
$-9.6M
Total Assets
$279.9M
$18.6M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALT
ALT
DARE
DARE
Q4 25
$273.5M
Q3 25
$210.8M
Q2 25
$183.1M
Q1 25
$149.8M
$10.3M
Q4 24
$131.9M
Q3 24
$139.4M
$11.2M
Q2 24
$164.9M
$16.4M
Q1 24
$182.0M
$3.6M
Total Debt
ALT
ALT
DARE
DARE
Q4 25
$34.3M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ALT
ALT
DARE
DARE
Q4 25
$224.9M
Q3 25
$185.6M
Q2 25
$161.4M
Q1 25
$142.2M
$-9.6M
Q4 24
$123.5M
Q3 24
$133.4M
$-1.5M
Q2 24
$152.5M
$2.7M
Q1 24
$172.9M
$-11.0M
Total Assets
ALT
ALT
DARE
DARE
Q4 25
$279.9M
Q3 25
$218.4M
Q2 25
$190.3M
Q1 25
$157.3M
$18.6M
Q4 24
$139.3M
Q3 24
$147.9M
$18.1M
Q2 24
$173.3M
$23.6M
Q1 24
$188.4M
$13.0M
Debt / Equity
ALT
ALT
DARE
DARE
Q4 25
0.15×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
ALT
ALT
DARE
DARE
Operating Cash FlowLast quarter
$-67.5M
$-5.5M
Free Cash FlowOCF − Capex
$-67.5M
$-5.6M
FCF MarginFCF / Revenue
-259792.3%
-22133.5%
Capex IntensityCapex / Revenue
42.3%
618.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALT
ALT
DARE
DARE
Q4 25
$-67.5M
Q3 25
$-11.9M
Q2 25
$-19.4M
Q1 25
$-16.8M
$-5.5M
Q4 24
$-79.8M
Q3 24
$-27.1M
$-5.9M
Q2 24
$-18.1M
$12.9M
Q1 24
$-16.4M
$-6.8M
Free Cash Flow
ALT
ALT
DARE
DARE
Q4 25
$-67.5M
Q3 25
Q2 25
Q1 25
$-5.6M
Q4 24
Q3 24
$-6.2M
Q2 24
$12.6M
Q1 24
$-6.8M
FCF Margin
ALT
ALT
DARE
DARE
Q4 25
-259792.3%
Q3 25
Q2 25
Q1 25
-22133.5%
Q4 24
Q3 24
-14886.7%
Q2 24
56241.5%
Q1 24
-73320.3%
Capex Intensity
ALT
ALT
DARE
DARE
Q4 25
42.3%
Q3 25
0.0%
Q2 25
Q1 25
618.8%
Q4 24
Q3 24
677.2%
Q2 24
1271.2%
Q1 24
78.4%
Cash Conversion
ALT
ALT
DARE
DARE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
1.00×
Q1 24

Financial Flow Comparison

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

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