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Side-by-side financial comparison of BIOLIFE SOLUTIONS INC (BLFS) and VersaBank (VBNK). Click either name above to swap in a different company.

VersaBank is the larger business by last-quarter revenue ($26.7M vs $18.8M, roughly 1.4× BIOLIFE SOLUTIONS INC). BIOLIFE SOLUTIONS INC runs the higher net margin — 58.9% vs 30.3%, a 28.6% gap on every dollar of revenue. On growth, VersaBank posted the faster year-over-year revenue change (31.2% vs 24.3%). Over the past eight quarters, VersaBank's revenue compounded faster (16.6% CAGR vs 1.0%).

Biolife Solutions Inc. develops, manufactures and distributes specialized biopreservation products and cold chain management solutions for the cell and gene therapy, biopharmaceutical and regenerative medicine industries. It offers cryopreservation media, automated thawing systems, and temperature monitoring tools, serving biotech firms, research institutions and clinical labs globally.

VersaBank is a Canada-based digital-first financial institution offering commercial lending, high-interest deposit accounts and customized financial services for SMEs, retail clients and institutional partners across North America. It operates no physical branches, using secure digital infrastructure to deliver efficient, cost-effective banking experiences.

BLFS vs VBNK — Head-to-Head

Bigger by revenue
VBNK
VBNK
1.4× larger
VBNK
$26.7M
$18.8M
BLFS
Growing faster (revenue YoY)
VBNK
VBNK
+6.9% gap
VBNK
31.2%
24.3%
BLFS
Higher net margin
BLFS
BLFS
28.6% more per $
BLFS
58.9%
30.3%
VBNK
Faster 2-yr revenue CAGR
VBNK
VBNK
Annualised
VBNK
16.6%
1.0%
BLFS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BLFS
BLFS
VBNK
VBNK
Revenue
$18.8M
$26.7M
Net Profit
$11.1M
$8.1M
Gross Margin
Operating Margin
7.2%
Net Margin
58.9%
30.3%
Revenue YoY
24.3%
31.2%
Net Profit YoY
-11.1%
35.9%
EPS (diluted)
$0.23

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
BLFS
BLFS
VBNK
VBNK
Q1 26
$26.7M
Q4 25
$18.8M
Q3 25
$28.1M
$23.1M
Q2 25
$25.4M
$22.0M
Q1 25
$23.9M
$20.3M
Q4 24
$15.1M
Q3 24
$21.4M
$19.7M
Q2 24
$19.7M
$20.8M
Net Profit
BLFS
BLFS
VBNK
VBNK
Q1 26
$8.1M
Q4 25
$11.1M
Q3 25
$621.0K
$4.8M
Q2 25
$-15.8M
$6.2M
Q1 25
$-448.0K
$5.9M
Q4 24
$12.5M
Q3 24
$-1.7M
$7.1M
Q2 24
$-20.7M
$8.6M
Operating Margin
BLFS
BLFS
VBNK
VBNK
Q1 26
Q4 25
7.2%
Q3 25
-0.3%
Q2 25
-65.5%
Q1 25
-5.1%
Q4 24
3.6%
Q3 24
-2.0%
Q2 24
-6.6%
Net Margin
BLFS
BLFS
VBNK
VBNK
Q1 26
30.3%
Q4 25
58.9%
Q3 25
2.2%
20.8%
Q2 25
-62.3%
28.3%
Q1 25
-1.9%
29.3%
Q4 24
82.5%
Q3 24
-8.0%
35.9%
Q2 24
-105.1%
41.5%
EPS (diluted)
BLFS
BLFS
VBNK
VBNK
Q1 26
Q4 25
$0.23
Q3 25
$0.01
Q2 25
$-0.33
Q1 25
$-0.01
Q4 24
$0.27
Q3 24
$-0.04
Q2 24
$-0.45

Balance Sheet & Financial Strength

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

Metric
BLFS
BLFS
VBNK
VBNK
Cash + ST InvestmentsLiquidity on hand
$33.0M
$458.4M
Total DebtLower is stronger
$5.0M
Stockholders' EquityBook value
$371.9M
$396.4M
Total Assets
$405.9M
$4.5B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLFS
BLFS
VBNK
VBNK
Q1 26
$458.4M
Q4 25
$33.0M
Q3 25
$29.5M
$336.0M
Q2 25
$31.9M
$248.3M
Q1 25
$66.9M
$282.3M
Q4 24
$91.5M
Q3 24
$24.0M
$181.0M
Q2 24
$22.0M
$145.1M
Total Debt
BLFS
BLFS
VBNK
VBNK
Q1 26
Q4 25
$5.0M
Q3 25
$7.5M
Q2 25
$10.1M
Q1 25
$12.9M
Q4 24
$15.9M
Q3 24
$20.1M
Q2 24
$21.1M
Stockholders' Equity
BLFS
BLFS
VBNK
VBNK
Q1 26
$396.4M
Q4 25
$371.9M
Q3 25
$353.7M
$385.5M
Q2 25
$347.2M
$385.7M
Q1 25
$352.6M
$380.5M
Q4 24
$348.9M
Q3 24
$325.5M
$298.6M
Q2 24
$321.4M
$292.1M
Total Assets
BLFS
BLFS
VBNK
VBNK
Q1 26
$4.5B
Q4 25
$405.9M
Q3 25
$392.1M
$4.0B
Q2 25
$387.2M
$3.7B
Q1 25
$395.1M
$3.6B
Q4 24
$399.5M
Q3 24
$381.7M
$3.3B
Q2 24
$375.0M
$3.2B
Debt / Equity
BLFS
BLFS
VBNK
VBNK
Q1 26
Q4 25
0.01×
Q3 25
0.02×
Q2 25
0.03×
Q1 25
0.04×
Q4 24
0.05×
Q3 24
0.06×
Q2 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
BLFS
BLFS
VBNK
VBNK
Operating Cash FlowLast quarter
$4.9M
$40.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.44×
5.03×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLFS
BLFS
VBNK
VBNK
Q1 26
$40.6M
Q4 25
$4.9M
Q3 25
$6.1M
Q2 25
$7.4M
Q1 25
$1.7M
$-65.0M
Q4 24
$1.6M
Q3 24
$4.8M
Q2 24
$6.5M
Cash Conversion
BLFS
BLFS
VBNK
VBNK
Q1 26
5.03×
Q4 25
0.44×
Q3 25
9.83×
Q2 25
Q1 25
-10.94×
Q4 24
0.13×
Q3 24
Q2 24

Financial Flow Comparison

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

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