vs

Side-by-side financial comparison of BioNexus Gene Lab Corp (BGLC) and GRAIL, Inc. (GRAL). Click either name above to swap in a different company.

GRAIL, Inc. is the larger business by last-quarter revenue ($43.6M vs $483.8K, roughly 90.1× BioNexus Gene Lab Corp). BioNexus Gene Lab Corp runs the higher net margin — -214.2% vs -227.5%, a 13.3% gap on every dollar of revenue. On growth, GRAIL, Inc. posted the faster year-over-year revenue change (14.0% vs -80.8%). BioNexus Gene Lab Corp produced more free cash flow last quarter ($960.1K vs $-63.9M). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs -54.9%).

BioNexus Gene Lab Corp is a biotechnology company specializing in molecular diagnostic testing, genetic analysis, and related life science solutions. It caters to healthcare institutions, research organizations, and individual customers, with its primary operational and market focus on the Southeast Asian region.

GRAIL, Inc. is an American biotechnology company based in Menlo Park, California founded in 2015 seeking to develop an early cancer screening test for people who do not have symptoms. As a startup it was a subsidiary of Illumina, which bought it outright in 2021.

BGLC vs GRAL — Head-to-Head

Bigger by revenue
GRAL
GRAL
90.1× larger
GRAL
$43.6M
$483.8K
BGLC
Growing faster (revenue YoY)
GRAL
GRAL
+94.8% gap
GRAL
14.0%
-80.8%
BGLC
Higher net margin
BGLC
BGLC
13.3% more per $
BGLC
-214.2%
-227.5%
GRAL
More free cash flow
BGLC
BGLC
$64.8M more FCF
BGLC
$960.1K
$-63.9M
GRAL
Faster 2-yr revenue CAGR
GRAL
GRAL
Annualised
GRAL
27.7%
-54.9%
BGLC

Income Statement — Q4 2025 vs Q4 2025

Metric
BGLC
BGLC
GRAL
GRAL
Revenue
$483.8K
$43.6M
Net Profit
$-1.0M
$-99.2M
Gross Margin
-0.8%
Operating Margin
-213.5%
-285.4%
Net Margin
-214.2%
-227.5%
Revenue YoY
-80.8%
14.0%
Net Profit YoY
-197.5%
-2.2%
EPS (diluted)
$-2.37

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
BGLC
BGLC
GRAL
GRAL
Q4 25
$483.8K
$43.6M
Q3 25
$2.5M
$36.2M
Q2 25
$2.3M
$35.5M
Q1 25
$2.1M
$31.8M
Q4 24
$2.5M
$38.3M
Q3 24
$2.6M
$28.7M
Q2 24
$2.0M
$32.0M
Q1 24
$2.4M
$26.7M
Net Profit
BGLC
BGLC
GRAL
GRAL
Q4 25
$-1.0M
$-99.2M
Q3 25
$-709.0K
$-89.0M
Q2 25
$-616.2K
$-114.0M
Q1 25
$-623.3K
$-106.2M
Q4 24
$-348.3K
$-97.1M
Q3 24
$-1.3M
$-125.7M
Q2 24
$199.1K
$-1.6B
Q1 24
$-103.8K
$-218.9M
Gross Margin
BGLC
BGLC
GRAL
GRAL
Q4 25
-0.8%
Q3 25
14.8%
Q2 25
16.3%
Q1 25
16.1%
Q4 24
12.3%
Q3 24
12.4%
Q2 24
14.6%
Q1 24
15.3%
Operating Margin
BGLC
BGLC
GRAL
GRAL
Q4 25
-213.5%
-285.4%
Q3 25
-27.6%
-346.2%
Q2 25
-27.0%
-446.9%
Q1 25
-28.9%
-482.5%
Q4 24
-16.5%
-358.0%
Q3 24
-50.9%
-640.5%
Q2 24
13.1%
-5133.8%
Q1 24
-3.3%
-851.1%
Net Margin
BGLC
BGLC
GRAL
GRAL
Q4 25
-214.2%
-227.5%
Q3 25
-27.9%
-245.8%
Q2 25
-27.3%
-320.7%
Q1 25
-29.2%
-333.6%
Q4 24
-13.8%
-253.8%
Q3 24
-51.1%
-438.7%
Q2 24
10.1%
-4958.8%
Q1 24
-4.4%
-819.3%
EPS (diluted)
BGLC
BGLC
GRAL
GRAL
Q4 25
$-2.37
Q3 25
$-0.40
$-2.46
Q2 25
$-0.34
$-3.18
Q1 25
$-0.04
$-3.10
Q4 24
$0.55
$-1.49
Q3 24
$-0.75
$-3.94
Q2 24
$0.11
$-51.06
Q1 24
$-0.01
$-7.05

Balance Sheet & Financial Strength

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

Metric
BGLC
BGLC
GRAL
GRAL
Cash + ST InvestmentsLiquidity on hand
$2.5M
$249.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$8.6M
$2.6B
Total Assets
$9.3M
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGLC
BGLC
GRAL
GRAL
Q4 25
$2.5M
$249.7M
Q3 25
$126.9M
Q2 25
$127.4M
Q1 25
$133.9M
Q4 24
$2.9M
$214.2M
Q3 24
$853.6M
Q2 24
$958.8M
Q1 24
$199.7M
Stockholders' Equity
BGLC
BGLC
GRAL
GRAL
Q4 25
$8.6M
$2.6B
Q3 25
$6.8M
$2.2B
Q2 25
$7.5M
$2.3B
Q1 25
$7.8M
$2.4B
Q4 24
$8.3M
$2.5B
Q3 24
$9.4M
$2.6B
Q2 24
$9.5M
$2.7B
Q1 24
$9.3M
Total Assets
BGLC
BGLC
GRAL
GRAL
Q4 25
$9.3M
$2.9B
Q3 25
$7.6M
$2.6B
Q2 25
$9.4M
$2.7B
Q1 25
$9.5M
$2.8B
Q4 24
$10.4M
$3.0B
Q3 24
$11.0M
$3.1B
Q2 24
$11.1M
$3.3B
Q1 24
$11.2M

Cash Flow & Capital Efficiency

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

Metric
BGLC
BGLC
GRAL
GRAL
Operating Cash FlowLast quarter
$961.1K
$-63.8M
Free Cash FlowOCF − Capex
$960.1K
$-63.9M
FCF MarginFCF / Revenue
198.5%
-146.5%
Capex IntensityCapex / Revenue
0.2%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.9M
$-299.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGLC
BGLC
GRAL
GRAL
Q4 25
$961.1K
$-63.8M
Q3 25
$-1.2M
$-63.2M
Q2 25
$-737.9K
$-77.0M
Q1 25
$-824.1K
$-95.0M
Q4 24
$219.2K
Q3 24
$-1.6M
$-104.6M
Q2 24
$-672.3K
$-171.8M
Q1 24
$-37.2K
$-207.3M
Free Cash Flow
BGLC
BGLC
GRAL
GRAL
Q4 25
$960.1K
$-63.9M
Q3 25
$-1.2M
$-63.6M
Q2 25
$-759.4K
$-77.3M
Q1 25
$-833.1K
$-95.1M
Q4 24
$215.2K
Q3 24
$-1.8M
$-105.6M
Q2 24
$-674.1K
$-173.2M
Q1 24
$-59.1K
$-209.8M
FCF Margin
BGLC
BGLC
GRAL
GRAL
Q4 25
198.5%
-146.5%
Q3 25
-48.9%
-175.8%
Q2 25
-33.6%
-217.6%
Q1 25
-39.0%
-298.6%
Q4 24
8.5%
Q3 24
-68.5%
-368.4%
Q2 24
-34.1%
-541.7%
Q1 24
-2.5%
-785.3%
Capex Intensity
BGLC
BGLC
GRAL
GRAL
Q4 25
0.2%
0.2%
Q3 25
0.2%
1.1%
Q2 25
0.9%
1.0%
Q1 25
0.4%
0.2%
Q4 24
0.2%
Q3 24
7.6%
3.4%
Q2 24
0.1%
4.3%
Q1 24
0.9%
9.5%
Cash Conversion
BGLC
BGLC
GRAL
GRAL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-3.38×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BGLC
BGLC

Segment breakdown not available.

GRAL
GRAL

Screening Revenue$42.3M97%
Developmental Services Revenue$1.3M3%

Related Comparisons