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Side-by-side financial comparison of BIOCRYST PHARMACEUTICALS INC (BCRX) and Twist Bioscience Corp (TWST). Click either name above to swap in a different company.

BIOCRYST PHARMACEUTICALS INC is the larger business by last-quarter revenue ($406.6M vs $103.7M, roughly 3.9× Twist Bioscience Corp). BIOCRYST PHARMACEUTICALS INC runs the higher net margin — 60.5% vs -29.4%, a 89.9% gap on every dollar of revenue. On growth, BIOCRYST PHARMACEUTICALS INC posted the faster year-over-year revenue change (209.1% vs 16.9%). BIOCRYST PHARMACEUTICALS INC produced more free cash flow last quarter ($291.2M vs $-34.8M).

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.

Twist Bioscience is a public biotechnology company based in South San Francisco that manufactures synthetic DNA and DNA products for customers in a wide range of industries. Twist was founded in 2013 by Emily Leproust, Bill Banyai, and Bill Peck.

BCRX vs TWST — Head-to-Head

Bigger by revenue
BCRX
BCRX
3.9× larger
BCRX
$406.6M
$103.7M
TWST
Growing faster (revenue YoY)
BCRX
BCRX
+192.2% gap
BCRX
209.1%
16.9%
TWST
Higher net margin
BCRX
BCRX
89.9% more per $
BCRX
60.5%
-29.4%
TWST
More free cash flow
BCRX
BCRX
$325.9M more FCF
BCRX
$291.2M
$-34.8M
TWST

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BCRX
BCRX
TWST
TWST
Revenue
$406.6M
$103.7M
Net Profit
$245.8M
$-30.5M
Gross Margin
97.7%
52.0%
Operating Margin
64.0%
-31.7%
Net Margin
60.5%
-29.4%
Revenue YoY
209.1%
16.9%
Net Profit YoY
1017.5%
3.4%
EPS (diluted)
$1.13
$-0.50

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
TWST
TWST
Q4 25
$406.6M
$103.7M
Q3 25
$159.4M
Q2 25
$163.4M
Q1 25
$145.5M
Q4 24
$131.5M
Q3 24
$117.1M
Q2 24
$109.3M
Q1 24
$92.8M
Net Profit
BCRX
BCRX
TWST
TWST
Q4 25
$245.8M
$-30.5M
Q3 25
$12.9M
Q2 25
$5.1M
Q1 25
$32.0K
Q4 24
$-26.8M
Q3 24
$-14.0M
Q2 24
$-12.7M
Q1 24
$-35.4M
Gross Margin
BCRX
BCRX
TWST
TWST
Q4 25
97.7%
52.0%
Q3 25
98.6%
Q2 25
98.3%
Q1 25
96.9%
Q4 24
95.4%
Q3 24
97.3%
Q2 24
98.4%
Q1 24
98.6%
Operating Margin
BCRX
BCRX
TWST
TWST
Q4 25
64.0%
-31.7%
Q3 25
18.6%
Q2 25
18.2%
Q1 25
14.6%
Q4 24
-3.4%
Q3 24
6.6%
Q2 24
8.0%
Q1 24
-15.6%
Net Margin
BCRX
BCRX
TWST
TWST
Q4 25
60.5%
-29.4%
Q3 25
8.1%
Q2 25
3.1%
Q1 25
0.0%
Q4 24
-20.4%
Q3 24
-12.0%
Q2 24
-11.6%
Q1 24
-38.1%
EPS (diluted)
BCRX
BCRX
TWST
TWST
Q4 25
$1.13
$-0.50
Q3 25
$0.06
Q2 25
$0.02
Q1 25
$0.00
Q4 24
$-0.13
Q3 24
$-0.07
Q2 24
$-0.06
Q1 24
$-0.17

Balance Sheet & Financial Strength

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

Metric
BCRX
BCRX
TWST
TWST
Cash + ST InvestmentsLiquidity on hand
$274.7M
$197.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-119.2M
$456.1M
Total Assets
$514.2M
$638.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCRX
BCRX
TWST
TWST
Q4 25
$274.7M
$197.9M
Q3 25
$212.9M
Q2 25
$260.0M
Q1 25
$295.1M
Q4 24
$320.9M
Q3 24
$96.8M
Q2 24
$78.4M
Q1 24
$84.3M
Stockholders' Equity
BCRX
BCRX
TWST
TWST
Q4 25
$-119.2M
$456.1M
Q3 25
$-387.9M
Q2 25
$-421.6M
Q1 25
$-451.9M
Q4 24
$-475.9M
Q3 24
$-468.6M
Q2 24
$-475.6M
Q1 24
$-476.2M
Total Assets
BCRX
BCRX
TWST
TWST
Q4 25
$514.2M
$638.1M
Q3 25
$446.4M
Q2 25
$457.2M
Q1 25
$480.0M
Q4 24
$490.4M
Q3 24
$491.3M
Q2 24
$472.4M
Q1 24
$467.9M

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
TWST
TWST
Operating Cash FlowLast quarter
$292.0M
$-24.8M
Free Cash FlowOCF − Capex
$291.2M
$-34.8M
FCF MarginFCF / Revenue
71.6%
-33.5%
Capex IntensityCapex / Revenue
0.2%
9.6%
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
TWST
TWST
Q4 25
$292.0M
$-24.8M
Q3 25
$41.6M
Q2 25
$41.3M
Q1 25
$-27.5M
Q4 24
$-5.2M
Q3 24
$8.2M
Q2 24
$-1.4M
Q1 24
$-53.7M
Free Cash Flow
BCRX
BCRX
TWST
TWST
Q4 25
$291.2M
$-34.8M
Q3 25
$40.3M
Q2 25
$41.1M
Q1 25
$-27.7M
Q4 24
$-5.9M
Q3 24
$8.2M
Q2 24
$-1.5M
Q1 24
$-53.9M
FCF Margin
BCRX
BCRX
TWST
TWST
Q4 25
71.6%
-33.5%
Q3 25
25.3%
Q2 25
25.2%
Q1 25
-19.0%
Q4 24
-4.5%
Q3 24
7.0%
Q2 24
-1.4%
Q1 24
-58.1%
Capex Intensity
BCRX
BCRX
TWST
TWST
Q4 25
0.2%
9.6%
Q3 25
0.8%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.3%
Cash Conversion
BCRX
BCRX
TWST
TWST
Q4 25
1.19×
Q3 25
3.23×
Q2 25
8.12×
Q1 25
-859.91×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BCRX
BCRX

Segment breakdown not available.

TWST
TWST

Industrial Chemicals$37.2M36%
Diagnostics$35.3M34%
Food Or Agriculture$12.8M12%
Academic Research$12.2M12%
Health Care$6.1M6%

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