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Side-by-side financial comparison of Atara Biotherapeutics, Inc. (ATRA) and BIT ORIGIN Ltd (BTOG). Click either name above to swap in a different company.

BIT ORIGIN Ltd is the larger business by last-quarter revenue ($2.9M vs $1.6M, roughly 1.8× Atara Biotherapeutics, Inc.).

Atara Biotherapeutics, Inc. is a clinical-stage biotechnology company focused on developing allogeneic T-cell immunotherapies for patients with unmet medical needs across oncology, autoimmune disease, and infectious disease indications. It operates primarily in North America, Europe, and Asia-Pacific, partnering with research institutions to advance its novel treatment pipeline.

Origin Systems, Inc. was an American video game developer based in Austin, Texas. It was founded on March 3, 1983, by Richard Garriott and his brother Robert. Origin is best known for their groundbreaking work in multiple genres of video games, such as the Ultima and Wing Commander series. The company was purchased by Electronic Arts in 1992.

ATRA vs BTOG — Head-to-Head

Bigger by revenue
BTOG
BTOG
1.8× larger
BTOG
$2.9M
$1.6M
ATRA

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
ATRA
ATRA
BTOG
BTOG
Revenue
$1.6M
$2.9M
Net Profit
$-7.1M
Gross Margin
Operating Margin
-233.8%
Net Margin
-244.4%
Revenue YoY
-95.1%
Net Profit YoY
73.2%
EPS (diluted)
$-1.99

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
ATRA
ATRA
BTOG
BTOG
Q4 25
$1.6M
Q3 25
$3.5M
Q2 25
$17.6M
Q1 25
$98.1M
Q4 24
$32.8M
Q3 24
$40.2M
Q2 24
$28.6M
Q1 24
$27.4M
Net Profit
ATRA
ATRA
BTOG
BTOG
Q4 25
Q3 25
$-4.3M
Q2 25
$2.4M
Q1 25
$38.0M
Q4 24
$-12.7M
Q3 24
$-21.9M
Q2 24
$-19.0M
Q1 24
$-31.8M
Operating Margin
ATRA
ATRA
BTOG
BTOG
Q4 25
Q3 25
-103.5%
Q2 25
18.2%
Q1 25
39.5%
Q4 24
-37.3%
Q3 24
-54.1%
Q2 24
-63.7%
Q1 24
-114.2%
Net Margin
ATRA
ATRA
BTOG
BTOG
Q4 25
Q3 25
-124.6%
Q2 25
13.6%
Q1 25
38.7%
Q4 24
-38.8%
Q3 24
-54.5%
Q2 24
-66.5%
Q1 24
-116.1%
EPS (diluted)
ATRA
ATRA
BTOG
BTOG
Q4 25
Q3 25
$-0.32
Q2 25
$0.19
Q1 25
$3.50
Q4 24
$0.27
Q3 24
$-2.93
Q2 24
$-3.10
Q1 24
$-5.65

Balance Sheet & Financial Strength

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

Metric
ATRA
ATRA
BTOG
BTOG
Cash + ST InvestmentsLiquidity on hand
$8.5M
$6.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-38.5M
$9.0M
Total Assets
$20.2M
$13.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATRA
ATRA
BTOG
BTOG
Q4 25
$8.5M
Q3 25
$13.7M
Q2 25
$22.3M
Q1 25
$13.8M
Q4 24
$42.5M
Q3 24
$67.2M
Q2 24
$35.3M
Q1 24
$46.2M
Stockholders' Equity
ATRA
ATRA
BTOG
BTOG
Q4 25
$-38.5M
Q3 25
$-36.6M
Q2 25
$-35.0M
Q1 25
$-55.1M
Q4 24
$-97.3M
Q3 24
$-90.5M
Q2 24
$-110.9M
Q1 24
$-98.3M
Total Assets
ATRA
ATRA
BTOG
BTOG
Q4 25
$20.2M
Q3 25
$30.2M
Q2 25
$36.9M
Q1 25
$62.0M
Q4 24
$109.1M
Q3 24
$142.7M
Q2 24
$117.3M
Q1 24
$165.3M

Cash Flow & Capital Efficiency

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

Metric
ATRA
ATRA
BTOG
BTOG
Operating Cash FlowLast quarter
$-50.9M
$-4.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATRA
ATRA
BTOG
BTOG
Q4 25
$-50.9M
Q3 25
$-9.8M
Q2 25
$-7.3M
Q1 25
$-28.1M
Q4 24
$-24.5M
Q3 24
$-4.0M
Q2 24
$-10.6M
Q1 24
$-29.6M
Free Cash Flow
ATRA
ATRA
BTOG
BTOG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-24.6M
Q3 24
Q2 24
$-10.7M
Q1 24
$-29.7M
FCF Margin
ATRA
ATRA
BTOG
BTOG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-75.0%
Q3 24
Q2 24
-37.3%
Q1 24
-108.7%
Capex Intensity
ATRA
ATRA
BTOG
BTOG
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.3%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.5%
Cash Conversion
ATRA
ATRA
BTOG
BTOG
Q4 25
Q3 25
Q2 25
-3.07×
Q1 25
-0.74×
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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