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Side-by-side financial comparison of BIOCRYST PHARMACEUTICALS INC (BCRX) and MediaAlpha, Inc. (MAX). Click either name above to swap in a different company.

BIOCRYST PHARMACEUTICALS INC is the larger business by last-quarter revenue ($406.6M vs $310.0M, roughly 1.3× MediaAlpha, Inc.). BIOCRYST PHARMACEUTICALS INC runs the higher net margin — 60.5% vs 4.5%, a 55.9% gap on every dollar of revenue. On growth, BIOCRYST PHARMACEUTICALS INC posted the faster year-over-year revenue change (209.1% vs 17.3%). Over the past eight quarters, BIOCRYST PHARMACEUTICALS INC's revenue compounded faster (109.4% CAGR vs 31.9%).

BioCryst Pharmaceuticals, Inc. is an American pharmaceutical company headquartered in Durham, North Carolina. The company is a late stage biotech company that focuses on oral drugs for rare and serious diseases. BioCryst's antiviral drug peramivir (Rapivab) was approved by FDA in December 2014. It has also been approved in Japan, Korea, and China.

Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.

BCRX vs MAX — Head-to-Head

Bigger by revenue
BCRX
BCRX
1.3× larger
BCRX
$406.6M
$310.0M
MAX
Growing faster (revenue YoY)
BCRX
BCRX
+191.8% gap
BCRX
209.1%
17.3%
MAX
Higher net margin
BCRX
BCRX
55.9% more per $
BCRX
60.5%
4.5%
MAX
Faster 2-yr revenue CAGR
BCRX
BCRX
Annualised
BCRX
109.4%
31.9%
MAX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BCRX
BCRX
MAX
MAX
Revenue
$406.6M
$310.0M
Net Profit
$245.8M
$14.0M
Gross Margin
97.7%
15.1%
Operating Margin
64.0%
7.2%
Net Margin
60.5%
4.5%
Revenue YoY
209.1%
17.3%
Net Profit YoY
1017.5%
701.8%
EPS (diluted)
$1.13

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
BCRX
BCRX
MAX
MAX
Q1 26
$310.0M
Q4 25
$406.6M
$291.2M
Q3 25
$159.4M
$306.5M
Q2 25
$163.4M
$251.6M
Q1 25
$145.5M
$264.3M
Q4 24
$131.5M
$300.6M
Q3 24
$117.1M
$259.1M
Q2 24
$109.3M
$178.3M
Net Profit
BCRX
BCRX
MAX
MAX
Q1 26
$14.0M
Q4 25
$245.8M
$31.4M
Q3 25
$12.9M
$14.9M
Q2 25
$5.1M
$-18.7M
Q1 25
$32.0K
$-1.9M
Q4 24
$-26.8M
$4.6M
Q3 24
$-14.0M
$9.5M
Q2 24
$-12.7M
$3.6M
Gross Margin
BCRX
BCRX
MAX
MAX
Q1 26
15.1%
Q4 25
97.7%
15.4%
Q3 25
98.6%
14.2%
Q2 25
98.3%
15.0%
Q1 25
96.9%
15.8%
Q4 24
95.4%
16.3%
Q3 24
97.3%
15.1%
Q2 24
98.4%
17.8%
Operating Margin
BCRX
BCRX
MAX
MAX
Q1 26
7.2%
Q4 25
64.0%
7.7%
Q3 25
18.6%
6.4%
Q2 25
18.2%
-8.0%
Q1 25
14.6%
0.0%
Q4 24
-3.4%
6.1%
Q3 24
6.6%
6.0%
Q2 24
8.0%
3.6%
Net Margin
BCRX
BCRX
MAX
MAX
Q1 26
4.5%
Q4 25
60.5%
10.8%
Q3 25
8.1%
4.9%
Q2 25
3.1%
-7.4%
Q1 25
0.0%
-0.7%
Q4 24
-20.4%
1.5%
Q3 24
-12.0%
3.7%
Q2 24
-11.6%
2.0%
EPS (diluted)
BCRX
BCRX
MAX
MAX
Q1 26
Q4 25
$1.13
$0.50
Q3 25
$0.06
$0.26
Q2 25
$0.02
$-0.33
Q1 25
$0.00
$-0.04
Q4 24
$-0.13
$0.09
Q3 24
$-0.07
$0.17
Q2 24
$-0.06
$0.07

Balance Sheet & Financial Strength

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

Metric
BCRX
BCRX
MAX
MAX
Cash + ST InvestmentsLiquidity on hand
$274.7M
$26.1M
Total DebtLower is stronger
$163.5M
Stockholders' EquityBook value
$-119.2M
Total Assets
$514.2M
$367.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCRX
BCRX
MAX
MAX
Q1 26
$26.1M
Q4 25
$274.7M
$46.9M
Q3 25
$212.9M
$38.8M
Q2 25
$260.0M
$85.4M
Q1 25
$295.1M
$63.6M
Q4 24
$320.9M
$43.3M
Q3 24
$96.8M
$32.3M
Q2 24
$78.4M
$28.7M
Total Debt
BCRX
BCRX
MAX
MAX
Q1 26
$163.5M
Q4 25
$153.4M
Q3 25
$155.7M
Q2 25
$158.0M
Q1 25
$160.2M
Q4 24
$162.4M
Q3 24
$164.7M
Q2 24
$166.9M
Stockholders' Equity
BCRX
BCRX
MAX
MAX
Q1 26
Q4 25
$-119.2M
$4.2M
Q3 25
$-387.9M
$-29.8M
Q2 25
$-421.6M
$-3.8M
Q1 25
$-451.9M
$7.9M
Q4 24
$-475.9M
$2.4M
Q3 24
$-468.6M
$-8.4M
Q2 24
$-475.6M
$-24.4M
Total Assets
BCRX
BCRX
MAX
MAX
Q1 26
$367.7M
Q4 25
$514.2M
$383.8M
Q3 25
$446.4M
$266.2M
Q2 25
$457.2M
$249.4M
Q1 25
$480.0M
$240.0M
Q4 24
$490.4M
$262.4M
Q3 24
$491.3M
$236.1M
Q2 24
$472.4M
$198.2M
Debt / Equity
BCRX
BCRX
MAX
MAX
Q1 26
Q4 25
36.88×
Q3 25
Q2 25
Q1 25
20.23×
Q4 24
68.31×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
BCRX
BCRX
MAX
MAX
Operating Cash FlowLast quarter
$292.0M
Free Cash FlowOCF − Capex
$291.2M
FCF MarginFCF / Revenue
71.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.19×
TTM Free Cash FlowTrailing 4 quarters
$344.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BCRX
BCRX
MAX
MAX
Q1 26
Q4 25
$292.0M
$-7.4M
Q3 25
$41.6M
$23.6M
Q2 25
$41.3M
$25.7M
Q1 25
$-27.5M
$23.7M
Q4 24
$-5.2M
$14.5M
Q3 24
$8.2M
$8.1M
Q2 24
$-1.4M
$21.6M
Free Cash Flow
BCRX
BCRX
MAX
MAX
Q1 26
Q4 25
$291.2M
$-7.5M
Q3 25
$40.3M
$23.6M
Q2 25
$41.1M
$25.5M
Q1 25
$-27.7M
$23.6M
Q4 24
$-5.9M
$14.5M
Q3 24
$8.2M
$8.0M
Q2 24
$-1.5M
$21.5M
FCF Margin
BCRX
BCRX
MAX
MAX
Q1 26
Q4 25
71.6%
-2.6%
Q3 25
25.3%
7.7%
Q2 25
25.2%
10.2%
Q1 25
-19.0%
8.9%
Q4 24
-4.5%
4.8%
Q3 24
7.0%
3.1%
Q2 24
-1.4%
12.0%
Capex Intensity
BCRX
BCRX
MAX
MAX
Q1 26
Q4 25
0.2%
0.0%
Q3 25
0.8%
0.0%
Q2 25
0.1%
0.1%
Q1 25
0.1%
0.0%
Q4 24
0.5%
0.0%
Q3 24
0.1%
0.0%
Q2 24
0.1%
0.1%
Cash Conversion
BCRX
BCRX
MAX
MAX
Q1 26
Q4 25
1.19×
-0.24×
Q3 25
3.23×
1.58×
Q2 25
8.12×
Q1 25
-859.91×
Q4 24
3.13×
Q3 24
0.85×
Q2 24
5.97×

Financial Flow Comparison

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

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