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Side-by-side financial comparison of Arcturus Therapeutics Holdings Inc. (ARCT) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.

Village Farms International, Inc. is the larger business by last-quarter revenue ($12.2M vs $7.2M, roughly 1.7× Arcturus Therapeutics Holdings Inc.). On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% vs -68.4%).

Arcturus Therapeutics Holdings Inc. is an American RNA medicines biotechnology company focused on the discovery, development and commercialization of therapeutics for rare diseases and infectious diseases. Arcturus has developed proprietary lipid nanoparticle RNA therapeutics for nucleic acid medicines including small interfering RNA (siRNA), messenger RNA (mRNA), gene editing RNA, DNA, antisense oligonucleotides, and microRNA.

Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.

ARCT vs VFF — Head-to-Head

Bigger by revenue
VFF
VFF
1.7× larger
VFF
$12.2M
$7.2M
ARCT
Growing faster (revenue YoY)
VFF
VFF
+99.9% gap
VFF
31.5%
-68.4%
ARCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARCT
ARCT
VFF
VFF
Revenue
$7.2M
$12.2M
Net Profit
$2.4M
Gross Margin
Operating Margin
Net Margin
19.9%
Revenue YoY
-68.4%
31.5%
Net Profit YoY
3.1%
128.2%
EPS (diluted)
$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.

Revenue
ARCT
ARCT
VFF
VFF
Q4 25
$7.2M
$12.2M
Q3 25
$17.2M
$66.7M
Q2 25
$28.3M
$59.9M
Q1 25
$29.4M
$77.1M
Q4 24
$22.8M
Q3 24
$41.7M
$54.9M
Q2 24
$49.9M
$53.6M
Q1 24
$38.0M
$78.1M
Net Profit
ARCT
ARCT
VFF
VFF
Q4 25
$2.4M
Q3 25
$-13.4M
$10.2M
Q2 25
$-9.2M
$26.5M
Q1 25
$-14.1M
$-6.7M
Q4 24
$-30.0M
Q3 24
$-6.9M
$-820.0K
Q2 24
$-17.2M
$-23.5M
Q1 24
$-26.8M
$-2.9M
Gross Margin
ARCT
ARCT
VFF
VFF
Q4 25
Q3 25
47.9%
Q2 25
37.3%
Q1 25
14.7%
Q4 24
Q3 24
24.8%
Q2 24
25.4%
Q1 24
19.9%
Operating Margin
ARCT
ARCT
VFF
VFF
Q4 25
Q3 25
-96.3%
23.3%
Q2 25
-41.0%
20.8%
Q1 25
-57.3%
-8.0%
Q4 24
-146.7%
Q3 24
-25.8%
3.8%
Q2 24
-42.4%
-43.5%
Q1 24
-80.0%
-3.0%
Net Margin
ARCT
ARCT
VFF
VFF
Q4 25
19.9%
Q3 25
-78.4%
15.3%
Q2 25
-32.4%
44.2%
Q1 25
-47.9%
-8.7%
Q4 24
-131.8%
Q3 24
-16.6%
-1.5%
Q2 24
-34.5%
-43.9%
Q1 24
-70.5%
-3.7%
EPS (diluted)
ARCT
ARCT
VFF
VFF
Q4 25
$0.01
Q3 25
$-0.49
$0.08
Q2 25
$-0.34
$0.24
Q1 25
$-0.52
$-0.06
Q4 24
$-1.10
Q3 24
$-0.26
$-0.01
Q2 24
$-0.64
$-0.21
Q1 24
$-1.00
$-0.03

Balance Sheet & Financial Strength

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

Metric
ARCT
ARCT
VFF
VFF
Cash + ST InvestmentsLiquidity on hand
$230.9M
$81.2M
Total DebtLower is stronger
$33.7M
Stockholders' EquityBook value
$214.0M
$299.9M
Total Assets
$271.1M
$423.1M
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARCT
ARCT
VFF
VFF
Q4 25
$230.9M
$81.2M
Q3 25
$180.4M
$82.6M
Q2 25
$196.5M
$60.0M
Q1 25
$216.9M
$15.1M
Q4 24
$237.0M
Q3 24
$237.2M
$28.7M
Q2 24
$260.3M
$29.7M
Q1 24
$288.4M
$26.7M
Total Debt
ARCT
ARCT
VFF
VFF
Q4 25
$33.7M
Q3 25
$34.6M
Q2 25
$39.1M
Q1 25
$39.2M
Q4 24
Q3 24
$43.3M
Q2 24
$44.4M
Q1 24
$46.1M
Stockholders' Equity
ARCT
ARCT
VFF
VFF
Q4 25
$214.0M
$299.9M
Q3 25
$224.6M
$295.4M
Q2 25
$231.1M
$284.3M
Q1 25
$233.8M
$248.3M
Q4 24
$241.0M
Q3 24
$261.9M
$274.4M
Q2 24
$258.6M
$275.2M
Q1 24
$264.0M
$296.2M
Total Assets
ARCT
ARCT
VFF
VFF
Q4 25
$271.1M
$423.1M
Q3 25
$282.3M
$418.4M
Q2 25
$309.3M
$403.7M
Q1 25
$331.8M
$377.1M
Q4 24
$344.1M
Q3 24
$370.7M
$417.8M
Q2 24
$388.6M
$425.4M
Q1 24
$418.8M
$458.4M
Debt / Equity
ARCT
ARCT
VFF
VFF
Q4 25
0.11×
Q3 25
0.12×
Q2 25
0.14×
Q1 25
0.16×
Q4 24
Q3 24
0.16×
Q2 24
0.16×
Q1 24
0.16×

Cash Flow & Capital Efficiency

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

Metric
ARCT
ARCT
VFF
VFF
Operating Cash FlowLast quarter
$-74.3M
Free Cash FlowOCF − Capex
$-74.5M
FCF MarginFCF / Revenue
-1035.2%
Capex IntensityCapex / Revenue
3.2%
90.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARCT
ARCT
VFF
VFF
Q4 25
$-74.3M
Q3 25
$-17.2M
$24.4M
Q2 25
$-5.8M
Q1 25
$-35.1M
$-6.4M
Q4 24
$-284.0K
Q3 24
$-23.8M
$4.3M
Q2 24
$-30.1M
$5.7M
Q1 24
$-5.6M
$-50.0K
Free Cash Flow
ARCT
ARCT
VFF
VFF
Q4 25
$-74.5M
Q3 25
$-17.3M
$22.6M
Q2 25
Q1 25
$-35.3M
$-8.9M
Q4 24
Q3 24
$-23.8M
$1.5M
Q2 24
$-30.5M
$4.8M
Q1 24
$-5.8M
$-1.9M
FCF Margin
ARCT
ARCT
VFF
VFF
Q4 25
-1035.2%
Q3 25
-101.1%
33.9%
Q2 25
Q1 25
-120.1%
-11.6%
Q4 24
Q3 24
-57.2%
2.7%
Q2 24
-61.1%
9.0%
Q1 24
-15.3%
-2.5%
Capex Intensity
ARCT
ARCT
VFF
VFF
Q4 25
3.2%
90.8%
Q3 25
1.1%
2.7%
Q2 25
0.0%
4.6%
Q1 25
0.5%
3.3%
Q4 24
0.0%
Q3 24
0.2%
5.1%
Q2 24
0.7%
1.6%
Q1 24
0.6%
2.4%
Cash Conversion
ARCT
ARCT
VFF
VFF
Q4 25
Q3 25
2.39×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARCT
ARCT

Segment breakdown not available.

VFF
VFF

International Sales$8.7M71%
Cannabis United States Segment$3.4M27%

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