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Side-by-side financial comparison of bioAffinity Technologies, Inc. (BIAF) and OmniAb, Inc. (OABI). Click either name above to swap in a different company.

OmniAb, Inc. is the larger business by last-quarter revenue ($8.4M vs $1.6M, roughly 5.3× bioAffinity Technologies, Inc.). OmniAb, Inc. runs the higher net margin — -169.3% vs -197.0%, a 27.7% gap on every dollar of revenue. On growth, OmniAb, Inc. posted the faster year-over-year revenue change (-22.5% vs -27.8%). bioAffinity Technologies, Inc. produced more free cash flow last quarter ($-2.6M vs $-5.7M). Over the past eight quarters, OmniAb, Inc.'s revenue compounded faster (48.4% CAGR vs -18.6%).

bioAffinity Technologies, Inc. is a clinical-stage biotechnology firm focused on developing non-invasive in vitro diagnostic tests for early detection of cancer and respiratory diseases. It serves global healthcare markets, with a core mission to deliver accessible, high-accuracy diagnostic solutions that improve patient outcomes and reduce overall healthcare system costs.

OmniAb, Inc. is a global biotechnology firm specializing in proprietary transgenic animal platforms and antibody discovery solutions. It partners with pharma and biotech clients to accelerate fully human therapeutic antibody development for oncology, autoimmune diseases and high-need medical areas across key global markets.

BIAF vs OABI — Head-to-Head

Bigger by revenue
OABI
OABI
5.3× larger
OABI
$8.4M
$1.6M
BIAF
Growing faster (revenue YoY)
OABI
OABI
+5.4% gap
OABI
-22.5%
-27.8%
BIAF
Higher net margin
OABI
OABI
27.7% more per $
OABI
-169.3%
-197.0%
BIAF
More free cash flow
BIAF
BIAF
$3.1M more FCF
BIAF
$-2.6M
$-5.7M
OABI
Faster 2-yr revenue CAGR
OABI
OABI
Annualised
OABI
48.4%
-18.6%
BIAF

Income Statement — Q4 2025 vs Q4 2025

Metric
BIAF
BIAF
OABI
OABI
Revenue
$1.6M
$8.4M
Net Profit
$-3.1M
$-14.2M
Gross Margin
Operating Margin
-196.9%
-188.2%
Net Margin
-197.0%
-169.3%
Revenue YoY
-27.8%
-22.5%
Net Profit YoY
-5.7%
-8.5%
EPS (diluted)
$-3.59
$-0.11

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
BIAF
BIAF
OABI
OABI
Q4 25
$1.6M
$8.4M
Q3 25
$1.4M
$2.2M
Q2 25
$1.3M
$3.9M
Q1 25
$1.9M
$4.2M
Q4 24
$2.2M
$10.8M
Q3 24
$2.4M
$4.2M
Q2 24
$2.4M
$7.6M
Q1 24
$2.4M
$3.8M
Net Profit
BIAF
BIAF
OABI
OABI
Q4 25
$-3.1M
$-14.2M
Q3 25
$-5.1M
$-16.5M
Q2 25
$-4.1M
$-15.9M
Q1 25
$-2.7M
$-18.2M
Q4 24
$-3.0M
$-13.1M
Q3 24
$-2.0M
$-16.4M
Q2 24
$-2.1M
$-13.6M
Q1 24
$-2.0M
$-19.0M
Operating Margin
BIAF
BIAF
OABI
OABI
Q4 25
-196.9%
-188.2%
Q3 25
-158.6%
-810.2%
Q2 25
-198.2%
-416.2%
Q1 25
-141.7%
-453.6%
Q4 24
-133.5%
-147.0%
Q3 24
-84.0%
-473.7%
Q2 24
-87.1%
-214.1%
Q1 24
-80.8%
-593.3%
Net Margin
BIAF
BIAF
OABI
OABI
Q4 25
-197.0%
-169.3%
Q3 25
-349.3%
-738.1%
Q2 25
-319.9%
-407.4%
Q1 25
-143.5%
-438.1%
Q4 24
-134.4%
-121.0%
Q3 24
-85.1%
-392.4%
Q2 24
-88.0%
-179.0%
Q1 24
-81.5%
-498.8%
EPS (diluted)
BIAF
BIAF
OABI
OABI
Q4 25
$-3.59
$-0.11
Q3 25
$-4.74
$-0.14
Q2 25
$-0.17
$-0.15
Q1 25
$-0.16
$-0.17
Q4 24
$-17.27
$-0.13
Q3 24
$-4.84
$-0.16
Q2 24
$-0.19
$-0.13
Q1 24
$-0.20
$-0.19

Balance Sheet & Financial Strength

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

Metric
BIAF
BIAF
OABI
OABI
Cash + ST InvestmentsLiquidity on hand
$6.4M
$25.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.3M
$267.0M
Total Assets
$11.0M
$300.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIAF
BIAF
OABI
OABI
Q4 25
$6.4M
$25.5M
Q3 25
$7.7M
$28.5M
Q2 25
$802.8K
$18.3M
Q1 25
$444.7K
$10.9M
Q4 24
$1.1M
$27.6M
Q3 24
$756.6K
$27.2M
Q2 24
$801.3K
$20.8M
Q1 24
$2.5M
$19.1M
Stockholders' Equity
BIAF
BIAF
OABI
OABI
Q4 25
$7.3M
$267.0M
Q3 25
$8.9M
$277.4M
Q2 25
$-2.1M
$262.1M
Q1 25
$1.4M
$273.5M
Q4 24
$2.6M
$287.6M
Q3 24
$3.1M
$291.7M
Q2 24
$3.4M
$294.2M
Q1 24
$5.3M
$301.4M
Total Assets
BIAF
BIAF
OABI
OABI
Q4 25
$11.0M
$300.9M
Q3 25
$11.5M
$309.7M
Q2 25
$4.8M
$295.7M
Q1 25
$5.5M
$306.2M
Q4 24
$6.5M
$325.6M
Q3 24
$6.6M
$331.6M
Q2 24
$6.7M
$337.3M
Q1 24
$8.0M
$352.6M

Cash Flow & Capital Efficiency

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

Metric
BIAF
BIAF
OABI
OABI
Operating Cash FlowLast quarter
$-2.6M
$-5.7M
Free Cash FlowOCF − Capex
$-2.6M
$-5.7M
FCF MarginFCF / Revenue
-160.7%
-67.8%
Capex IntensityCapex / Revenue
0.0%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.4M
$-37.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIAF
BIAF
OABI
OABI
Q4 25
$-2.6M
$-5.7M
Q3 25
$-2.5M
$-9.8M
Q2 25
$-2.6M
$-5.1M
Q1 25
$-1.6M
$-15.9M
Q4 24
$-1.7M
$-3.9M
Q3 24
$-1.7M
$-6.6M
Q2 24
$-1.5M
$-12.2M
Q1 24
$-2.3M
$-17.0M
Free Cash Flow
BIAF
BIAF
OABI
OABI
Q4 25
$-2.6M
$-5.7M
Q3 25
$-2.5M
$-9.9M
Q2 25
$-2.7M
$-5.3M
Q1 25
$-1.7M
$-16.1M
Q4 24
$-1.7M
$-3.9M
Q3 24
$-1.7M
$-6.7M
Q2 24
$-1.6M
$-12.9M
Q1 24
$-2.4M
$-18.0M
FCF Margin
BIAF
BIAF
OABI
OABI
Q4 25
-160.7%
-67.8%
Q3 25
-171.8%
-444.2%
Q2 25
-209.6%
-136.3%
Q1 25
-91.3%
-387.1%
Q4 24
-76.0%
-36.3%
Q3 24
-73.1%
-161.3%
Q2 24
-65.1%
-169.9%
Q1 24
-99.2%
-472.5%
Capex Intensity
BIAF
BIAF
OABI
OABI
Q4 25
0.0%
0.1%
Q3 25
0.3%
8.1%
Q2 25
1.1%
4.2%
Q1 25
2.7%
5.0%
Q4 24
0.0%
0.4%
Q3 24
0.4%
3.6%
Q2 24
1.2%
9.9%
Q1 24
1.7%
24.4%

Financial Flow Comparison

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

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