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Side-by-side financial comparison of Beta Bionics, Inc. (BBNX) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

Beta Bionics, Inc. is the larger business by last-quarter revenue ($27.6M vs $19.1M, roughly 1.4× Americas Gold & Silver Corp). Beta Bionics, Inc. runs the higher net margin — -79.3% vs -82.3%, a 3.1% gap on every dollar of revenue. On growth, Beta Bionics, Inc. posted the faster year-over-year revenue change (56.6% vs -28.0%).

Beta Bionics, Inc. is a medical technology company focused on developing and commercializing advanced automated diabetes management solutions. Its core product is the iLet Bionic Pancreas, a wearable device that automatically adjusts insulin and glucagon delivery for people with Type 1 and Type 2 diabetes, serving primarily the U.S. healthcare market with plans for global expansion.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

BBNX vs USAS — Head-to-Head

Bigger by revenue
BBNX
BBNX
1.4× larger
BBNX
$27.6M
$19.1M
USAS
Growing faster (revenue YoY)
BBNX
BBNX
+84.7% gap
BBNX
56.6%
-28.0%
USAS
Higher net margin
BBNX
BBNX
3.1% more per $
BBNX
-79.3%
-82.3%
USAS

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
BBNX
BBNX
USAS
USAS
Revenue
$27.6M
$19.1M
Net Profit
$-21.9M
$-15.7M
Gross Margin
59.5%
34.2%
Operating Margin
-47.4%
Net Margin
-79.3%
-82.3%
Revenue YoY
56.6%
-28.0%
Net Profit YoY
23.6%
2.8%
EPS (diluted)
$-0.49

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
BBNX
BBNX
USAS
USAS
Q1 26
$27.6M
Q4 25
$32.1M
Q3 25
$27.3M
$19.1M
Q2 25
$23.2M
Q1 25
$17.6M
Q3 24
$26.5M
Net Profit
BBNX
BBNX
USAS
USAS
Q1 26
$-21.9M
Q4 25
$-13.5M
Q3 25
$-14.2M
$-15.7M
Q2 25
$-16.9M
Q1 25
$-28.7M
Q3 24
$-16.2M
Gross Margin
BBNX
BBNX
USAS
USAS
Q1 26
59.5%
Q4 25
59.0%
Q3 25
55.5%
34.2%
Q2 25
53.8%
Q1 25
50.9%
Q3 24
23.6%
Operating Margin
BBNX
BBNX
USAS
USAS
Q1 26
-47.4%
Q4 25
-50.2%
Q3 25
-62.5%
Q2 25
-85.5%
Q1 25
-105.7%
Q3 24
Net Margin
BBNX
BBNX
USAS
USAS
Q1 26
-79.3%
Q4 25
-41.9%
Q3 25
-52.1%
-82.3%
Q2 25
-72.6%
Q1 25
-162.5%
Q3 24
-60.9%
EPS (diluted)
BBNX
BBNX
USAS
USAS
Q1 26
$-0.49
Q4 25
$-0.16
Q3 25
$-0.33
Q2 25
$-0.39
Q1 25
$-0.93
Q3 24

Balance Sheet & Financial Strength

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

Metric
BBNX
BBNX
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$199.5M
$39.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$271.2M
$50.2M
Total Assets
$304.4M
$234.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBNX
BBNX
USAS
USAS
Q1 26
$199.5M
Q4 25
$219.1M
Q3 25
$228.7M
$39.1M
Q2 25
$249.7M
Q1 25
$231.5M
Q3 24
Stockholders' Equity
BBNX
BBNX
USAS
USAS
Q1 26
$271.2M
Q4 25
$287.6M
Q3 25
$294.8M
$50.2M
Q2 25
$301.6M
Q1 25
$313.8M
Q3 24
$53.1M
Total Assets
BBNX
BBNX
USAS
USAS
Q1 26
$304.4M
Q4 25
$328.7M
Q3 25
$330.0M
$234.7M
Q2 25
$330.0M
Q1 25
$338.0M
Q3 24

Cash Flow & Capital Efficiency

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

Metric
BBNX
BBNX
USAS
USAS
Operating Cash FlowLast quarter
$-12.5M
Free Cash FlowOCF − Capex
$-41.3M
FCF MarginFCF / Revenue
-216.5%
Capex IntensityCapex / Revenue
150.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BBNX
BBNX
USAS
USAS
Q1 26
Q4 25
$-8.6M
Q3 25
$-8.7M
$-12.5M
Q2 25
$-13.6M
Q1 25
$-20.0M
Q3 24
$2.4M
Free Cash Flow
BBNX
BBNX
USAS
USAS
Q1 26
Q4 25
$-10.5M
Q3 25
$-10.0M
$-41.3M
Q2 25
$-15.4M
Q1 25
$-20.3M
Q3 24
$-11.2M
FCF Margin
BBNX
BBNX
USAS
USAS
Q1 26
Q4 25
-32.8%
Q3 25
-36.7%
-216.5%
Q2 25
-66.2%
Q1 25
-115.1%
Q3 24
-42.2%
Capex Intensity
BBNX
BBNX
USAS
USAS
Q1 26
Q4 25
5.9%
Q3 25
4.7%
150.8%
Q2 25
7.7%
Q1 25
1.9%
Q3 24
51.2%

Financial Flow Comparison

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

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