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Side-by-side financial comparison of ANAPTYSBIO, INC (ANAB) and GCL Global Holdings Ltd (GCL). Click either name above to swap in a different company.

ANAPTYSBIO, INC is the larger business by last-quarter revenue ($108.2M vs $98.7M, roughly 1.1× GCL Global Holdings Ltd). ANAPTYSBIO, INC runs the higher net margin — 45.8% vs -5.2%, a 51.0% gap on every dollar of revenue. ANAPTYSBIO, INC produced more free cash flow last quarter ($98.0M vs $-5.2M).

AnaptysBio, Inc. is a clinical-stage biotechnology company focused on developing antibody-based immunotherapies for inflammatory diseases, immuno-oncology indications, and rare disease conditions. It primarily serves the U.S. market, advancing its innovative product candidate pipeline to address unmet medical needs via rigorous research and clinical development.

GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.

ANAB vs GCL — Head-to-Head

Bigger by revenue
ANAB
ANAB
1.1× larger
ANAB
$108.2M
$98.7M
GCL
Higher net margin
ANAB
ANAB
51.0% more per $
ANAB
45.8%
-5.2%
GCL
More free cash flow
ANAB
ANAB
$103.2M more FCF
ANAB
$98.0M
$-5.2M
GCL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ANAB
ANAB
GCL
GCL
Revenue
$108.2M
$98.7M
Net Profit
$49.6M
$-5.1M
Gross Margin
11.0%
Operating Margin
61.8%
-6.7%
Net Margin
45.8%
-5.2%
Revenue YoY
151.1%
Net Profit YoY
327.8%
EPS (diluted)
$1.64
$-0.04

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
ANAB
ANAB
GCL
GCL
Q4 25
$108.2M
Q3 25
$76.3M
$98.7M
Q2 25
$22.3M
$142.1M
Q1 25
$27.8M
Q4 24
$43.1M
Q3 24
$30.0M
$36.1M
Q2 24
$11.0M
Q1 24
$7.2M
Net Profit
ANAB
ANAB
GCL
GCL
Q4 25
$49.6M
Q3 25
$15.1M
$-5.1M
Q2 25
$-38.6M
$5.6M
Q1 25
$-39.3M
Q4 24
$-21.8M
Q3 24
$-32.9M
$-1.9M
Q2 24
$-46.7M
Q1 24
$-43.9M
Gross Margin
ANAB
ANAB
GCL
GCL
Q4 25
Q3 25
11.0%
Q2 25
15.0%
Q1 25
Q4 24
Q3 24
16.2%
Q2 24
Q1 24
Operating Margin
ANAB
ANAB
GCL
GCL
Q4 25
61.8%
Q3 25
45.5%
-6.7%
Q2 25
-117.5%
2.3%
Q1 25
-99.2%
Q4 24
-22.4%
Q3 24
-75.8%
-5.6%
Q2 24
-367.5%
Q1 24
-587.8%
Net Margin
ANAB
ANAB
GCL
GCL
Q4 25
45.8%
Q3 25
19.8%
-5.2%
Q2 25
-173.5%
3.9%
Q1 25
-141.6%
Q4 24
-50.5%
Q3 24
-109.4%
-5.2%
Q2 24
-425.3%
Q1 24
-612.0%
EPS (diluted)
ANAB
ANAB
GCL
GCL
Q4 25
$1.64
Q3 25
$0.52
$-0.04
Q2 25
$-1.34
$0.05
Q1 25
$-1.28
Q4 24
$-0.63
Q3 24
$-1.14
Q2 24
$-1.71
Q1 24
$-1.64

Balance Sheet & Financial Strength

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

Metric
ANAB
ANAB
GCL
GCL
Cash + ST InvestmentsLiquidity on hand
$238.2M
$16.6M
Total DebtLower is stronger
$52.0M
Stockholders' EquityBook value
$37.2M
$33.1M
Total Assets
$364.4M
$159.9M
Debt / EquityLower = less leverage
1.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANAB
ANAB
GCL
GCL
Q4 25
$238.2M
Q3 25
$109.8M
$16.6M
Q2 25
$44.3M
$18.2M
Q1 25
$98.6M
Q4 24
$123.1M
Q3 24
$191.6M
$2.7M
Q2 24
$71.8M
Q1 24
$53.7M
Total Debt
ANAB
ANAB
GCL
GCL
Q4 25
Q3 25
$52.0M
Q2 25
$11.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ANAB
ANAB
GCL
GCL
Q4 25
$37.2M
Q3 25
$-29.4M
$33.1M
Q2 25
$-44.7M
$35.9M
Q1 25
$34.0M
Q4 24
$70.9M
Q3 24
$84.4M
$15.9M
Q2 24
$9.9M
Q1 24
$47.8M
Total Assets
ANAB
ANAB
GCL
GCL
Q4 25
$364.4M
Q3 25
$353.1M
$159.9M
Q2 25
$335.3M
$101.6M
Q1 25
$422.1M
Q4 24
$483.8M
Q3 24
$493.4M
$49.6M
Q2 24
$427.4M
Q1 24
$405.8M
Debt / Equity
ANAB
ANAB
GCL
GCL
Q4 25
Q3 25
1.57×
Q2 25
0.33×
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
ANAB
ANAB
GCL
GCL
Operating Cash FlowLast quarter
$98.0M
$-4.8M
Free Cash FlowOCF − Capex
$98.0M
$-5.2M
FCF MarginFCF / Revenue
90.5%
-5.3%
Capex IntensityCapex / Revenue
0.0%
0.4%
Cash ConversionOCF / Net Profit
1.98×
TTM Free Cash FlowTrailing 4 quarters
$19.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANAB
ANAB
GCL
GCL
Q4 25
$98.0M
Q3 25
$-27.4M
$-4.8M
Q2 25
$-40.2M
$-10.3M
Q1 25
$-10.7M
Q4 24
$-66.7M
Q3 24
$-10.1M
$6.1M
Q2 24
$-21.3M
Q1 24
$-37.3M
Free Cash Flow
ANAB
ANAB
GCL
GCL
Q4 25
$98.0M
Q3 25
$-27.4M
$-5.2M
Q2 25
$-40.3M
$-10.5M
Q1 25
$-10.7M
Q4 24
$-66.9M
Q3 24
$-10.1M
Q2 24
$-21.4M
Q1 24
$-37.3M
FCF Margin
ANAB
ANAB
GCL
GCL
Q4 25
90.5%
Q3 25
-35.9%
-5.3%
Q2 25
-180.9%
-7.4%
Q1 25
-38.7%
Q4 24
-155.3%
Q3 24
-33.7%
Q2 24
-194.6%
Q1 24
-519.3%
Capex Intensity
ANAB
ANAB
GCL
GCL
Q4 25
0.0%
Q3 25
0.0%
0.4%
Q2 25
0.2%
0.1%
Q1 25
0.1%
Q4 24
0.6%
Q3 24
0.1%
Q2 24
0.3%
Q1 24
0.4%
Cash Conversion
ANAB
ANAB
GCL
GCL
Q4 25
1.98×
Q3 25
-1.81×
Q2 25
-1.84×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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