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Side-by-side financial comparison of BYLINE BANCORP, INC. (BY) and Vanda Pharmaceuticals Inc. (VNDA). Click either name above to swap in a different company.

BYLINE BANCORP, INC. is the larger business by last-quarter revenue ($112.4M vs $57.2M, roughly 2.0× Vanda Pharmaceuticals Inc.). BYLINE BANCORP, INC. runs the higher net margin — 33.4% vs -246.8%, a 280.2% gap on every dollar of revenue. On growth, BYLINE BANCORP, INC. posted the faster year-over-year revenue change (9.0% vs 7.6%). Over the past eight quarters, Vanda Pharmaceuticals Inc.'s revenue compounded faster (9.8% CAGR vs 6.4%).

Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.

Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on developing and commercializing innovative therapies for central nervous system disorders. Its key marketed products cover indications including sleep-wake cycle disturbances and schizophrenia, with core operations and primary sales markets concentrated in North America, catering to patient groups with significant unmet medical needs.

BY vs VNDA — Head-to-Head

Bigger by revenue
BY
BY
2.0× larger
BY
$112.4M
$57.2M
VNDA
Growing faster (revenue YoY)
BY
BY
+1.5% gap
BY
9.0%
7.6%
VNDA
Higher net margin
BY
BY
280.2% more per $
BY
33.4%
-246.8%
VNDA
Faster 2-yr revenue CAGR
VNDA
VNDA
Annualised
VNDA
9.8%
6.4%
BY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BY
BY
VNDA
VNDA
Revenue
$112.4M
$57.2M
Net Profit
$37.6M
$-141.2M
Gross Margin
Operating Margin
-70.5%
Net Margin
33.4%
-246.8%
Revenue YoY
9.0%
7.6%
Net Profit YoY
33.0%
-2774.3%
EPS (diluted)
$0.83
$-2.40

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
BY
BY
VNDA
VNDA
Q1 26
$112.4M
Q4 25
$117.0M
$57.2M
Q3 25
$115.7M
$56.3M
Q2 25
$110.5M
$52.6M
Q1 25
$103.1M
$50.0M
Q4 24
$104.7M
$53.2M
Q3 24
$101.8M
$47.7M
Q2 24
$99.4M
$50.5M
Net Profit
BY
BY
VNDA
VNDA
Q1 26
$37.6M
Q4 25
$34.5M
$-141.2M
Q3 25
$37.2M
$-22.6M
Q2 25
$30.1M
$-27.2M
Q1 25
$28.2M
$-29.5M
Q4 24
$30.3M
$-4.9M
Q3 24
$30.3M
$-5.3M
Q2 24
$29.7M
$-4.5M
Operating Margin
BY
BY
VNDA
VNDA
Q1 26
Q4 25
40.1%
-70.5%
Q3 25
43.1%
-55.6%
Q2 25
35.2%
-73.2%
Q1 25
36.4%
-82.0%
Q4 24
38.6%
-19.3%
Q3 24
39.3%
-23.1%
Q2 24
40.4%
-20.1%
Net Margin
BY
BY
VNDA
VNDA
Q1 26
33.4%
Q4 25
34.1%
-246.8%
Q3 25
32.1%
-40.1%
Q2 25
27.2%
-51.7%
Q1 25
27.4%
-58.9%
Q4 24
34.3%
-9.2%
Q3 24
29.8%
-11.2%
Q2 24
29.9%
-9.0%
EPS (diluted)
BY
BY
VNDA
VNDA
Q1 26
$0.83
Q4 25
$0.77
$-2.40
Q3 25
$0.82
$-0.38
Q2 25
$0.66
$-0.46
Q1 25
$0.64
$-0.50
Q4 24
$0.68
$-0.09
Q3 24
$0.69
$-0.09
Q2 24
$0.68
$-0.08

Balance Sheet & Financial Strength

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

Metric
BY
BY
VNDA
VNDA
Cash + ST InvestmentsLiquidity on hand
$198.4M
$84.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$327.2M
Total Assets
$9.9B
$488.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BY
BY
VNDA
VNDA
Q1 26
$198.4M
Q4 25
$149.1M
$84.9M
Q3 25
$259.0M
$70.0M
Q2 25
$218.3M
$81.0M
Q1 25
$421.3M
$111.8M
Q4 24
$563.1M
$102.3M
Q3 24
$452.6M
$100.5M
Q2 24
$730.5M
$103.0M
Stockholders' Equity
BY
BY
VNDA
VNDA
Q1 26
$1.3B
Q4 25
$1.3B
$327.2M
Q3 25
$1.2B
$466.0M
Q2 25
$1.2B
$486.3M
Q1 25
$1.1B
$511.4M
Q4 24
$1.1B
$538.5M
Q3 24
$1.1B
$541.2M
Q2 24
$1.0B
$542.5M
Total Assets
BY
BY
VNDA
VNDA
Q1 26
$9.9B
Q4 25
$9.7B
$488.9M
Q3 25
$9.8B
$601.1M
Q2 25
$9.7B
$624.7M
Q1 25
$9.6B
$631.9M
Q4 24
$9.5B
$656.2M
Q3 24
$9.4B
$645.1M
Q2 24
$9.6B
$651.4M

Cash Flow & Capital Efficiency

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

Metric
BY
BY
VNDA
VNDA
Operating Cash FlowLast quarter
$-29.4M
Free Cash FlowOCF − Capex
$-29.5M
FCF MarginFCF / Revenue
-51.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-110.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BY
BY
VNDA
VNDA
Q1 26
Q4 25
$140.3M
$-29.4M
Q3 25
$38.3M
$-31.6M
Q2 25
$16.3M
$-15.3M
Q1 25
$27.1M
$-33.1M
Q4 24
$175.2M
$-1.8M
Q3 24
$19.8M
$-14.6M
Q2 24
$40.1M
$-6.9M
Free Cash Flow
BY
BY
VNDA
VNDA
Q1 26
Q4 25
$136.3M
$-29.5M
Q3 25
$38.0M
$-31.8M
Q2 25
$15.2M
$-15.6M
Q1 25
$25.0M
$-33.6M
Q4 24
$171.2M
$-2.0M
Q3 24
$19.1M
$-14.7M
Q2 24
$39.4M
$-7.0M
FCF Margin
BY
BY
VNDA
VNDA
Q1 26
Q4 25
116.5%
-51.6%
Q3 25
32.8%
-56.5%
Q2 25
13.7%
-29.6%
Q1 25
24.3%
-67.1%
Q4 24
163.5%
-3.8%
Q3 24
18.8%
-30.9%
Q2 24
39.7%
-13.9%
Capex Intensity
BY
BY
VNDA
VNDA
Q1 26
Q4 25
3.4%
0.2%
Q3 25
0.3%
0.3%
Q2 25
1.0%
0.6%
Q1 25
2.0%
0.9%
Q4 24
3.8%
0.4%
Q3 24
0.6%
0.3%
Q2 24
0.7%
0.2%
Cash Conversion
BY
BY
VNDA
VNDA
Q1 26
Q4 25
4.06×
Q3 25
1.03×
Q2 25
0.54×
Q1 25
0.96×
Q4 24
5.78×
Q3 24
0.65×
Q2 24
1.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BY
BY

Segment breakdown not available.

VNDA
VNDA

Fanapt$33.2M58%
Hetlioz$16.4M29%
PONVORY$7.6M13%

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