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Side-by-side financial comparison of BIODESIX INC (BDSX) and DYNEX CAPITAL INC (DX). Click either name above to swap in a different company.

DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $28.8M, roughly 1.5× BIODESIX INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 40.8%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 39.3%).

Biodesix Inc is a molecular diagnostics enterprise specializing in developing and commercializing innovative blood-based testing solutions for oncology and infectious disease fields. It primarily serves healthcare providers, biopharmaceutical partners and patients across North America, with core business covering personalized medicine products that support clinical decision making.

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

BDSX vs DX — Head-to-Head

Bigger by revenue
DX
DX
1.5× larger
DX
$43.5M
$28.8M
BDSX
Growing faster (revenue YoY)
DX
DX
+490.5% gap
DX
531.3%
40.8%
BDSX
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
39.3%
BDSX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BDSX
BDSX
DX
DX
Revenue
$28.8M
$43.5M
Net Profit
$-4.0M
Gross Margin
Operating Margin
-6.8%
Net Margin
-13.8%
Revenue YoY
40.8%
531.3%
Net Profit YoY
51.8%
EPS (diluted)
$-3.35
$1.59

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
BDSX
BDSX
DX
DX
Q4 25
$28.8M
$43.5M
Q3 25
$21.8M
$30.6M
Q2 25
$20.0M
$23.1M
Q1 25
$18.0M
$17.1M
Q4 24
$20.4M
Q3 24
$18.2M
Q2 24
$17.9M
Q1 24
$14.8M
$-3.2M
Net Profit
BDSX
BDSX
DX
DX
Q4 25
$-4.0M
Q3 25
$-8.7M
$150.4M
Q2 25
$-11.5M
$-13.6M
Q1 25
$-11.1M
$-3.1M
Q4 24
$-8.3M
Q3 24
$-10.3M
Q2 24
$-10.8M
Q1 24
$-13.6M
$40.1M
Operating Margin
BDSX
BDSX
DX
DX
Q4 25
-6.8%
Q3 25
-32.4%
Q2 25
-48.6%
Q1 25
-50.9%
Q4 24
-32.5%
Q3 24
-47.3%
Q2 24
-46.0%
Q1 24
-74.4%
Net Margin
BDSX
BDSX
DX
DX
Q4 25
-13.8%
Q3 25
-40.0%
491.3%
Q2 25
-57.3%
-58.8%
Q1 25
-61.8%
-18.0%
Q4 24
-40.4%
Q3 24
-56.5%
Q2 24
-60.3%
Q1 24
-91.9%
-1256.8%
EPS (diluted)
BDSX
BDSX
DX
DX
Q4 25
$-3.35
$1.59
Q3 25
$-1.16
$1.08
Q2 25
$-0.08
$-0.14
Q1 25
$-0.08
$-0.06
Q4 24
$-5.02
Q3 24
$-1.40
Q2 24
$-0.08
Q1 24
$-0.14
$0.64

Balance Sheet & Financial Strength

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

Metric
BDSX
BDSX
DX
DX
Cash + ST InvestmentsLiquidity on hand
$19.0M
$531.0M
Total DebtLower is stronger
$50.0M
Stockholders' EquityBook value
$-2.5M
$2.5B
Total Assets
$87.5M
$17.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDSX
BDSX
DX
DX
Q4 25
$19.0M
$531.0M
Q3 25
$16.6M
$491.0M
Q2 25
$20.7M
$387.5M
Q1 25
$17.6M
$327.4M
Q4 24
$26.2M
Q3 24
$31.4M
Q2 24
$42.2M
Q1 24
$11.5M
$295.7M
Total Debt
BDSX
BDSX
DX
DX
Q4 25
$50.0M
Q3 25
$50.0M
Q2 25
$50.0M
Q1 25
$40.0M
Q4 24
$40.0M
Q3 24
$40.0M
Q2 24
$40.1M
Q1 24
$40.1M
Stockholders' Equity
BDSX
BDSX
DX
DX
Q4 25
$-2.5M
$2.5B
Q3 25
$-1.7M
$2.0B
Q2 25
$1.1M
$1.6B
Q1 25
$11.1M
$1.4B
Q4 24
$20.9M
Q3 24
$27.9M
Q2 24
$36.3M
Q1 24
$-5.5M
$958.5M
Total Assets
BDSX
BDSX
DX
DX
Q4 25
$87.5M
$17.3B
Q3 25
$88.7M
$14.2B
Q2 25
$87.7M
$11.3B
Q1 25
$86.2M
$9.0B
Q4 24
$97.2M
Q3 24
$102.7M
Q2 24
$115.8M
Q1 24
$87.2M
$6.3B
Debt / Equity
BDSX
BDSX
DX
DX
Q4 25
Q3 25
Q2 25
43.95×
Q1 25
3.62×
Q4 24
1.92×
Q3 24
1.44×
Q2 24
1.10×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BDSX
BDSX
DX
DX
Operating Cash FlowLast quarter
$778.0K
$120.8M
Free Cash FlowOCF − Capex
$692.0K
FCF MarginFCF / Revenue
2.4%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-23.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDSX
BDSX
DX
DX
Q4 25
$778.0K
$120.8M
Q3 25
$-8.9M
$68.3M
Q2 25
$-6.6M
$31.9M
Q1 25
$-8.6M
$6.4M
Q4 24
$-4.1M
Q3 24
$-10.7M
Q2 24
$-18.6M
Q1 24
$-15.3M
$-17.1M
Free Cash Flow
BDSX
BDSX
DX
DX
Q4 25
$692.0K
Q3 25
$-8.9M
Q2 25
$-6.6M
Q1 25
$-8.7M
Q4 24
$-4.9M
Q3 24
$-10.9M
Q2 24
$-20.5M
Q1 24
$-15.5M
FCF Margin
BDSX
BDSX
DX
DX
Q4 25
2.4%
Q3 25
-41.0%
Q2 25
-33.1%
Q1 25
-48.3%
Q4 24
-24.2%
Q3 24
-60.1%
Q2 24
-114.3%
Q1 24
-104.9%
Capex Intensity
BDSX
BDSX
DX
DX
Q4 25
0.3%
Q3 25
0.2%
Q2 25
0.3%
Q1 25
0.4%
Q4 24
4.1%
Q3 24
1.3%
Q2 24
10.7%
Q1 24
1.6%
Cash Conversion
BDSX
BDSX
DX
DX
Q4 25
Q3 25
0.45×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BDSX
BDSX

Diagnostic Tests$25.1M87%
Development Services$3.6M13%

DX
DX

Segment breakdown not available.

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