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Side-by-side financial comparison of Atara Biotherapeutics, Inc. (ATRA) and FATE THERAPEUTICS INC (FATE). Click either name above to swap in a different company.

Atara Biotherapeutics, Inc. is the larger business by last-quarter revenue ($1.6M vs $1.4M, roughly 1.2× FATE THERAPEUTICS INC). On growth, FATE THERAPEUTICS INC posted the faster year-over-year revenue change (-26.4% vs -95.1%). Over the past eight quarters, FATE THERAPEUTICS INC's revenue compounded faster (-15.7% CAGR vs -75.9%).

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.

Insys Therapeutics was an American specialty pharmaceutical company based in Chandler, Arizona in 1990. Its main product was Subsys, a sublingual liquid form of the drug fentanyl. Fentanyl is an extremely fast-acting and powerful opioid used to relieve breakthrough pain in cancer patients, and prescription of fentanyl in the US for such pain usually requires documented failure of more conservative therapies.

ATRA vs FATE — Head-to-Head

Bigger by revenue
ATRA
ATRA
1.2× larger
ATRA
$1.6M
$1.4M
FATE
Growing faster (revenue YoY)
FATE
FATE
+68.7% gap
FATE
-26.4%
-95.1%
ATRA
Faster 2-yr revenue CAGR
FATE
FATE
Annualised
FATE
-15.7%
-75.9%
ATRA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATRA
ATRA
FATE
FATE
Revenue
$1.6M
$1.4M
Net Profit
Gross Margin
Operating Margin
Net Margin
Revenue YoY
-95.1%
-26.4%
Net Profit YoY
73.2%
37.9%
EPS (diluted)

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
FATE
FATE
Q4 25
$1.6M
$1.4M
Q3 25
$3.5M
$1.7M
Q2 25
$17.6M
$1.9M
Q1 25
$98.1M
$1.6M
Q4 24
$32.8M
$1.9M
Q3 24
$40.2M
$3.1M
Q2 24
$28.6M
$6.8M
Q1 24
$27.4M
$1.9M
Net Profit
ATRA
ATRA
FATE
FATE
Q4 25
Q3 25
$-4.3M
$-32.3M
Q2 25
$2.4M
$-34.1M
Q1 25
$38.0M
$-37.6M
Q4 24
$-12.7M
Q3 24
$-21.9M
$-47.7M
Q2 24
$-19.0M
$-38.4M
Q1 24
$-31.8M
$-48.0M
Operating Margin
ATRA
ATRA
FATE
FATE
Q4 25
Q3 25
-103.5%
-1995.1%
Q2 25
18.2%
-1938.5%
Q1 25
39.5%
-2534.1%
Q4 24
-37.3%
Q3 24
-54.1%
-1703.9%
Q2 24
-63.7%
-665.7%
Q1 24
-114.2%
-2652.9%
Net Margin
ATRA
ATRA
FATE
FATE
Q4 25
Q3 25
-124.6%
-1852.4%
Q2 25
13.6%
-1786.6%
Q1 25
38.7%
-2309.5%
Q4 24
-38.8%
Q3 24
-54.5%
-1551.0%
Q2 24
-66.5%
-567.4%
Q1 24
-116.1%
-2493.7%
EPS (diluted)
ATRA
ATRA
FATE
FATE
Q4 25
Q3 25
$-0.32
$-0.27
Q2 25
$0.19
$-0.29
Q1 25
$3.50
$-0.32
Q4 24
$0.27
Q3 24
$-2.93
$-0.40
Q2 24
$-3.10
$-0.33
Q1 24
$-5.65
$-0.47

Balance Sheet & Financial Strength

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

Metric
ATRA
ATRA
FATE
FATE
Cash + ST InvestmentsLiquidity on hand
$8.5M
$203.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-38.5M
$207.2M
Total Assets
$20.2M
$318.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATRA
ATRA
FATE
FATE
Q4 25
$8.5M
$203.7M
Q3 25
$13.7M
$215.4M
Q2 25
$22.3M
$222.8M
Q1 25
$13.8M
$240.4M
Q4 24
$42.5M
$279.1M
Q3 24
$67.2M
$296.9M
Q2 24
$35.3M
$304.9M
Q1 24
$46.2M
$121.3M
Stockholders' Equity
ATRA
ATRA
FATE
FATE
Q4 25
$-38.5M
$207.2M
Q3 25
$-36.6M
$234.1M
Q2 25
$-35.0M
$261.4M
Q1 25
$-55.1M
$288.4M
Q4 24
$-97.3M
$318.7M
Q3 24
$-90.5M
$362.3M
Q2 24
$-110.9M
$397.0M
Q1 24
$-98.3M
$426.1M
Total Assets
ATRA
ATRA
FATE
FATE
Q4 25
$20.2M
$318.9M
Q3 25
$30.2M
$343.7M
Q2 25
$36.9M
$371.6M
Q1 25
$62.0M
$398.7M
Q4 24
$109.1M
$440.7M
Q3 24
$142.7M
$495.0M
Q2 24
$117.3M
$528.8M
Q1 24
$165.3M
$569.9M

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
FATE
FATE
Operating Cash FlowLast quarter
$-50.9M
$-106.1M
Free Cash FlowOCF − Capex
$-112.0M
FCF MarginFCF / Revenue
-8183.9%
Capex IntensityCapex / Revenue
0.0%
434.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-199.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATRA
ATRA
FATE
FATE
Q4 25
$-50.9M
$-106.1M
Q3 25
$-9.8M
$-24.4M
Q2 25
$-7.3M
$-24.6M
Q1 25
$-28.1M
$-33.8M
Q4 24
$-24.5M
$-122.9M
Q3 24
$-4.0M
$-29.4M
Q2 24
$-10.6M
$-32.3M
Q1 24
$-29.6M
$-33.4M
Free Cash Flow
ATRA
ATRA
FATE
FATE
Q4 25
$-112.0M
Q3 25
$-26.6M
Q2 25
$-25.9M
Q1 25
$-35.0M
Q4 24
$-24.6M
$-123.6M
Q3 24
$-29.9M
Q2 24
$-10.7M
$-32.4M
Q1 24
$-29.7M
$-33.4M
FCF Margin
ATRA
ATRA
FATE
FATE
Q4 25
-8183.9%
Q3 25
-1526.5%
Q2 25
-1360.7%
Q1 25
-2148.9%
Q4 24
-75.0%
-6645.4%
Q3 24
-973.1%
Q2 24
-37.3%
-477.8%
Q1 24
-108.7%
-1736.9%
Capex Intensity
ATRA
ATRA
FATE
FATE
Q4 25
0.0%
434.8%
Q3 25
0.0%
126.5%
Q2 25
0.0%
71.4%
Q1 25
0.0%
73.4%
Q4 24
0.3%
39.2%
Q3 24
0.0%
16.1%
Q2 24
0.1%
0.8%
Q1 24
0.5%
4.5%
Cash Conversion
ATRA
ATRA
FATE
FATE
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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