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Side-by-side financial comparison of BioAtla, Inc. (BCAB) and Medicus Pharma Ltd. (MDCX). Click either name above to swap in a different company.

BioAtla, Inc. is a clinical-stage biotechnology company specializing in developing proprietary conditionally active biologic therapies focused on oncology indications. Its pipeline includes multiple lead candidates targeting solid tumors, with operations centered on advancing clinical trials to deliver treatments to patients worldwide.

BCAB vs MDCX — Head-to-Head

Bigger by revenue
MDCX
MDCX
Infinity× larger
MDCX
$11.6K
$0
BCAB

Income Statement — Q3 FY2023 vs Q3 FY2025

Metric
BCAB
BCAB
MDCX
MDCX
Revenue
$0
$11.6K
Net Profit
$-33.3M
$-20.9M
Gross Margin
Operating Margin
-0.1%
Net Margin
-180917.3%
Revenue YoY
-79.2%
Net Profit YoY
-29.3%
-818.7%
EPS (diluted)
$-0.70
$-1.12

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
BCAB
BCAB
MDCX
MDCX
Q3 25
$11.6K
Q2 25
$40.0K
Q3 24
$55.5K
Q3 23
$0
Q2 23
$0
Q1 23
$0
Q3 22
$0
Q2 22
$0
Net Profit
BCAB
BCAB
MDCX
MDCX
Q3 25
$-20.9M
Q2 25
$-6.2M
Q3 24
$-2.3M
Q3 23
$-33.3M
Q2 23
$-35.8M
Q1 23
$-27.5M
Q3 22
$-25.8M
Q2 22
$-28.9M
Operating Margin
BCAB
BCAB
MDCX
MDCX
Q3 25
-0.1%
Q2 25
-15038.7%
Q3 24
-4204.8%
Q3 23
Q2 23
Q1 23
Q3 22
Q2 22
Net Margin
BCAB
BCAB
MDCX
MDCX
Q3 25
-180917.3%
Q2 25
-15438.7%
Q3 24
-4104.8%
Q3 23
Q2 23
Q1 23
Q3 22
Q2 22
EPS (diluted)
BCAB
BCAB
MDCX
MDCX
Q3 25
$-1.12
Q2 25
$-0.43
Q3 24
$-0.24
Q3 23
$-0.70
Q2 23
$-0.75
Q1 23
$-0.58
Q3 22
$-0.69
Q2 22
$-0.77

Balance Sheet & Financial Strength

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

Metric
BCAB
BCAB
MDCX
MDCX
Cash + ST InvestmentsLiquidity on hand
$141.3M
$8.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$94.7M
$-910.1K
Total Assets
$151.4M
$10.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCAB
BCAB
MDCX
MDCX
Q3 25
$8.7M
Q2 25
$9.7M
Q3 24
Q3 23
$141.3M
Q2 23
$168.7M
Q1 23
$192.7M
Q3 22
$178.1M
Q2 22
$202.3M
Stockholders' Equity
BCAB
BCAB
MDCX
MDCX
Q3 25
$-910.1K
Q2 25
$3.2M
Q3 24
$4.8M
Q3 23
$94.7M
Q2 23
$124.5M
Q1 23
$156.4M
Q3 22
$142.6M
Q2 22
$165.0M
Total Assets
BCAB
BCAB
MDCX
MDCX
Q3 25
$10.0M
Q2 25
$11.9M
Q3 24
Q3 23
$151.4M
Q2 23
$179.6M
Q1 23
$204.6M
Q3 22
$189.1M
Q2 22
$213.5M

Cash Flow & Capital Efficiency

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

Metric
BCAB
BCAB
MDCX
MDCX
Operating Cash FlowLast quarter
$-27.3M
$-6.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BCAB
BCAB
MDCX
MDCX
Q3 25
$-6.8M
Q2 25
$-5.5M
Q3 24
Q3 23
$-27.3M
Q2 23
$-24.1M
Q1 23
$-22.7M
Q3 22
$-24.0M
Q2 22
$-16.9M

Financial Flow Comparison

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

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