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Side-by-side financial comparison of ASSEMBLY BIOSCIENCES, INC. (ASMB) and BARFRESH FOOD GROUP INC. (BRFH). Click either name above to swap in a different company.

ASSEMBLY BIOSCIENCES, INC. is the larger business by last-quarter revenue ($10.8M vs $5.4M, roughly 2.0× BARFRESH FOOD GROUP INC.). BARFRESH FOOD GROUP INC. runs the higher net margin — -14.1% vs -85.2%, a 71.2% gap on every dollar of revenue. On growth, BARFRESH FOOD GROUP INC. posted the faster year-over-year revenue change (94.5% vs 57.6%). BARFRESH FOOD GROUP INC. produced more free cash flow last quarter ($426.0K vs $-15.2M).

Pacific Biosciences of California, Inc. is an American biotechnology company founded in 2004 that develops and manufactures systems for gene sequencing and some novel real time biological observation. PacBio has two principal sequencing platforms: single-molecule real-time sequencing (SMRT), based on the properties of zero-mode waveguides and sequencing by binding (SBB) chemistry, which uses native nucleotides and scarless incorporation for DNA binding and extension.

Barfresh Food Group Inc. is a specialized food and beverage firm that develops, manufactures, and distributes frozen ready-to-blend smoothies, frappes, and related beverage products. Its core client base includes quick service restaurants, K-12 schools, healthcare facilities, and hospitality operators across North America, delivering portion-controlled, easy-to-prepare solutions that cut down on front-of-house preparation work for food service partners.

ASMB vs BRFH — Head-to-Head

Bigger by revenue
ASMB
ASMB
2.0× larger
ASMB
$10.8M
$5.4M
BRFH
Growing faster (revenue YoY)
BRFH
BRFH
+36.9% gap
BRFH
94.5%
57.6%
ASMB
Higher net margin
BRFH
BRFH
71.2% more per $
BRFH
-14.1%
-85.2%
ASMB
More free cash flow
BRFH
BRFH
$15.6M more FCF
BRFH
$426.0K
$-15.2M
ASMB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASMB
ASMB
BRFH
BRFH
Revenue
$10.8M
$5.4M
Net Profit
$-9.2M
$-763.0K
Gross Margin
2.9%
Operating Margin
-100.9%
-28.9%
Net Margin
-85.2%
-14.1%
Revenue YoY
57.6%
94.5%
Net Profit YoY
4.3%
10.4%
EPS (diluted)
$-0.72
$-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
ASMB
ASMB
BRFH
BRFH
Q4 25
$5.4M
Q3 25
$10.8M
$4.2M
Q2 25
$9.6M
$1.6M
Q1 25
$9.4M
$2.9M
Q4 24
$7.4M
$2.8M
Q3 24
$6.8M
$3.6M
Q2 24
$8.5M
$1.5M
Q1 24
$5.8M
$2.8M
Net Profit
ASMB
ASMB
BRFH
BRFH
Q4 25
$-763.0K
Q3 25
$-9.2M
$-290.0K
Q2 25
$-10.2M
$-880.0K
Q1 25
$-8.8M
$-761.0K
Q4 24
$-852.0K
Q3 24
$-9.6M
$-513.0K
Q2 24
$-11.2M
$-1.0M
Q1 24
$-9.1M
$-449.0K
Gross Margin
ASMB
ASMB
BRFH
BRFH
Q4 25
2.9%
Q3 25
36.7%
Q2 25
31.1%
Q1 25
30.7%
Q4 24
26.2%
Q3 24
34.6%
Q2 24
34.8%
Q1 24
41.4%
Operating Margin
ASMB
ASMB
BRFH
BRFH
Q4 25
-28.9%
Q3 25
-100.9%
-6.1%
Q2 25
-115.2%
-53.4%
Q1 25
-105.5%
-25.2%
Q4 24
-29.5%
Q3 24
-160.1%
-13.7%
Q2 24
-143.0%
-68.6%
Q1 24
-185.5%
-15.8%
Net Margin
ASMB
ASMB
BRFH
BRFH
Q4 25
-14.1%
Q3 25
-85.2%
-6.9%
Q2 25
-105.9%
-54.2%
Q1 25
-93.6%
-26.0%
Q4 24
-30.6%
Q3 24
-140.4%
-14.1%
Q2 24
-130.7%
-69.1%
Q1 24
-156.9%
-15.9%
EPS (diluted)
ASMB
ASMB
BRFH
BRFH
Q4 25
$-0.04
Q3 25
$-0.72
$-0.02
Q2 25
$-1.33
$-0.06
Q1 25
$-1.17
$-0.05
Q4 24
$-0.06
Q3 24
$-1.51
$-0.03
Q2 24
$-1.98
$-0.07
Q1 24
$-1.66
$-0.03

Balance Sheet & Financial Strength

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

Metric
ASMB
ASMB
BRFH
BRFH
Cash + ST InvestmentsLiquidity on hand
$22.5M
Total DebtLower is stronger
$766.0K
Stockholders' EquityBook value
$182.7M
$1.3M
Total Assets
$240.0M
$12.8M
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASMB
ASMB
BRFH
BRFH
Q4 25
Q3 25
$22.5M
Q2 25
$24.0M
Q1 25
$23.4M
Q4 24
$38.3M
Q3 24
$28.5M
Q2 24
$19.2M
Q1 24
$18.7M
$1.2M
Total Debt
ASMB
ASMB
BRFH
BRFH
Q4 25
$766.0K
Q3 25
$596.0K
Q2 25
$176.0K
Q1 25
$200.0K
Q4 24
$223.0K
Q3 24
$246.0K
Q2 24
Q1 24
Stockholders' Equity
ASMB
ASMB
BRFH
BRFH
Q4 25
$1.3M
Q3 25
$182.7M
$1.9M
Q2 25
$18.1M
$2.0M
Q1 25
$27.1M
$2.8M
Q4 24
$33.4M
$578.0K
Q3 24
$26.0M
$1.4M
Q2 24
$34.7M
$1.7M
Q1 24
$32.6M
$2.5M
Total Assets
ASMB
ASMB
BRFH
BRFH
Q4 25
$12.8M
Q3 25
$240.0M
$6.8M
Q2 25
$80.8M
$3.8M
Q1 25
$99.0M
$5.3M
Q4 24
$119.2M
$3.3M
Q3 24
$100.3M
$3.8M
Q2 24
$115.3M
$3.3M
Q1 24
$119.9M
$4.7M
Debt / Equity
ASMB
ASMB
BRFH
BRFH
Q4 25
0.58×
Q3 25
0.31×
Q2 25
0.09×
Q1 25
0.07×
Q4 24
0.39×
Q3 24
0.18×
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
ASMB
ASMB
BRFH
BRFH
Operating Cash FlowLast quarter
$-15.1M
$507.0K
Free Cash FlowOCF − Capex
$-15.2M
$426.0K
FCF MarginFCF / Revenue
-140.7%
7.9%
Capex IntensityCapex / Revenue
0.4%
1.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASMB
ASMB
BRFH
BRFH
Q4 25
$507.0K
Q3 25
$-15.1M
$-598.0K
Q2 25
$-16.8M
$-1.1M
Q1 25
$-23.4M
$-506.0K
Q4 24
$-51.1M
$-685.0K
Q3 24
$-15.2M
$5.0K
Q2 24
$-17.1M
$-780.0K
Q1 24
$-18.4M
$-769.0K
Free Cash Flow
ASMB
ASMB
BRFH
BRFH
Q4 25
$426.0K
Q3 25
$-15.2M
$-650.0K
Q2 25
$-1.1M
Q1 25
$-534.0K
Q4 24
$-51.1M
Q3 24
$-52.0K
Q2 24
$-17.1M
Q1 24
$-18.4M
FCF Margin
ASMB
ASMB
BRFH
BRFH
Q4 25
7.9%
Q3 25
-140.7%
-15.4%
Q2 25
-69.8%
Q1 25
-18.2%
Q4 24
-695.2%
Q3 24
-1.4%
Q2 24
-200.6%
Q1 24
-317.7%
Capex Intensity
ASMB
ASMB
BRFH
BRFH
Q4 25
1.5%
Q3 25
0.4%
1.2%
Q2 25
0.0%
4.1%
Q1 25
0.0%
1.0%
Q4 24
0.4%
Q3 24
0.0%
1.6%
Q2 24
0.2%
Q1 24
0.2%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASMB
ASMB

Segment breakdown not available.

BRFH
BRFH

Raw And Processed Milk$2.7M51%
Other$2.7M49%

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