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Side-by-side financial comparison of ASSEMBLY BIOSCIENCES, INC. (ASMB) and Hanover Bancorp, Inc. (HNVR). Click either name above to swap in a different company.

Hanover Bancorp, Inc. is the larger business by last-quarter revenue ($18.6M vs $10.8M, roughly 1.7× ASSEMBLY BIOSCIENCES, INC.). Hanover Bancorp, Inc. runs the higher net margin — 0.2% vs -85.2%, a 85.4% gap on every dollar of revenue. On growth, ASSEMBLY BIOSCIENCES, INC. posted the faster year-over-year revenue change (57.6% vs 3.3%). Hanover Bancorp, Inc. produced more free cash flow last quarter ($12.2M 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.

Hanover Bancorp, Inc. is a U.S. regional bank holding company based in Maryland. It offers retail and commercial banking services including deposits, business loans, mortgages, personal lending and wealth management, serving consumers, SMEs and local groups across Maryland and adjacent mid-Atlantic markets.

ASMB vs HNVR — Head-to-Head

Bigger by revenue
HNVR
HNVR
1.7× larger
HNVR
$18.6M
$10.8M
ASMB
Growing faster (revenue YoY)
ASMB
ASMB
+54.3% gap
ASMB
57.6%
3.3%
HNVR
Higher net margin
HNVR
HNVR
85.4% more per $
HNVR
0.2%
-85.2%
ASMB
More free cash flow
HNVR
HNVR
$27.4M more FCF
HNVR
$12.2M
$-15.2M
ASMB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASMB
ASMB
HNVR
HNVR
Revenue
$10.8M
$18.6M
Net Profit
$-9.2M
$33.0K
Gross Margin
Operating Margin
-100.9%
0.7%
Net Margin
-85.2%
0.2%
Revenue YoY
57.6%
3.3%
Net Profit YoY
4.3%
-99.2%
EPS (diluted)
$-0.72
$0.00

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
HNVR
HNVR
Q4 25
$18.6M
Q3 25
$10.8M
$18.0M
Q2 25
$9.6M
$18.4M
Q1 25
$9.4M
$18.4M
Q4 24
$7.4M
$18.0M
Q3 24
$6.8M
$17.1M
Q2 24
$8.5M
$16.9M
Q1 24
$5.8M
$16.5M
Net Profit
ASMB
ASMB
HNVR
HNVR
Q4 25
$33.0K
Q3 25
$-9.2M
$3.5M
Q2 25
$-10.2M
$2.4M
Q1 25
$-8.8M
$1.5M
Q4 24
$3.9M
Q3 24
$-9.6M
$3.5M
Q2 24
$-11.2M
$844.0K
Q1 24
$-9.1M
$4.1M
Operating Margin
ASMB
ASMB
HNVR
HNVR
Q4 25
0.7%
Q3 25
-100.9%
25.9%
Q2 25
-115.2%
18.4%
Q1 25
-105.5%
9.6%
Q4 24
28.9%
Q3 24
-160.1%
27.1%
Q2 24
-143.0%
6.9%
Q1 24
-185.5%
32.7%
Net Margin
ASMB
ASMB
HNVR
HNVR
Q4 25
0.2%
Q3 25
-85.2%
19.4%
Q2 25
-105.9%
13.3%
Q1 25
-93.6%
8.3%
Q4 24
21.7%
Q3 24
-140.4%
20.7%
Q2 24
-130.7%
5.0%
Q1 24
-156.9%
24.6%
EPS (diluted)
ASMB
ASMB
HNVR
HNVR
Q4 25
$0.00
Q3 25
$-0.72
$0.47
Q2 25
$-1.33
$0.33
Q1 25
$-1.17
$0.20
Q4 24
$0.52
Q3 24
$-1.51
$0.48
Q2 24
$-1.98
$0.11
Q1 24
$-1.66
$0.55

Balance Sheet & Financial Strength

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

Metric
ASMB
ASMB
HNVR
HNVR
Cash + ST InvestmentsLiquidity on hand
$22.5M
$208.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$182.7M
$200.3M
Total Assets
$240.0M
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASMB
ASMB
HNVR
HNVR
Q4 25
$208.9M
Q3 25
$22.5M
$167.6M
Q2 25
$24.0M
$164.5M
Q1 25
$23.4M
$160.2M
Q4 24
$38.3M
$162.9M
Q3 24
$28.5M
$141.2M
Q2 24
$19.2M
$141.1M
Q1 24
$18.7M
$136.5M
Stockholders' Equity
ASMB
ASMB
HNVR
HNVR
Q4 25
$200.3M
Q3 25
$182.7M
$201.8M
Q2 25
$18.1M
$198.9M
Q1 25
$27.1M
$196.6M
Q4 24
$33.4M
$196.6M
Q3 24
$26.0M
$192.3M
Q2 24
$34.7M
$190.1M
Q1 24
$32.6M
$189.5M
Total Assets
ASMB
ASMB
HNVR
HNVR
Q4 25
$2.4B
Q3 25
$240.0M
$2.3B
Q2 25
$80.8M
$2.3B
Q1 25
$99.0M
$2.3B
Q4 24
$119.2M
$2.3B
Q3 24
$100.3M
$2.3B
Q2 24
$115.3M
$2.3B
Q1 24
$119.9M
$2.3B

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
HNVR
HNVR
Operating Cash FlowLast quarter
$-15.1M
$13.1M
Free Cash FlowOCF − Capex
$-15.2M
$12.2M
FCF MarginFCF / Revenue
-140.7%
65.5%
Capex IntensityCapex / Revenue
0.4%
4.7%
Cash ConversionOCF / Net Profit
395.48×
TTM Free Cash FlowTrailing 4 quarters
$16.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASMB
ASMB
HNVR
HNVR
Q4 25
$13.1M
Q3 25
$-15.1M
$2.7M
Q2 25
$-16.8M
$-2.1M
Q1 25
$-23.4M
$4.1M
Q4 24
$-51.1M
$5.4M
Q3 24
$-15.2M
$-547.0K
Q2 24
$-17.1M
$-3.1M
Q1 24
$-18.4M
$3.6M
Free Cash Flow
ASMB
ASMB
HNVR
HNVR
Q4 25
$12.2M
Q3 25
$-15.2M
$2.4M
Q2 25
$-2.2M
Q1 25
$3.9M
Q4 24
$-51.1M
$4.1M
Q3 24
$-876.0K
Q2 24
$-17.1M
$-4.5M
Q1 24
$-18.4M
$3.3M
FCF Margin
ASMB
ASMB
HNVR
HNVR
Q4 25
65.5%
Q3 25
-140.7%
13.5%
Q2 25
-11.7%
Q1 25
21.2%
Q4 24
-695.2%
23.1%
Q3 24
-5.1%
Q2 24
-200.6%
-26.9%
Q1 24
-317.7%
19.9%
Capex Intensity
ASMB
ASMB
HNVR
HNVR
Q4 25
4.7%
Q3 25
0.4%
1.8%
Q2 25
0.0%
0.5%
Q1 25
0.0%
1.2%
Q4 24
0.4%
7.2%
Q3 24
0.0%
1.9%
Q2 24
0.2%
8.6%
Q1 24
0.2%
1.9%
Cash Conversion
ASMB
ASMB
HNVR
HNVR
Q4 25
395.48×
Q3 25
0.79×
Q2 25
-0.84×
Q1 25
2.70×
Q4 24
1.39×
Q3 24
-0.15×
Q2 24
-3.68×
Q1 24
0.89×

Financial Flow Comparison

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

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