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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Day One Biopharmaceuticals, Inc. (DAWN). Click either name above to swap in a different company.

CBAK Energy Technology, Inc. is the larger business by last-quarter revenue ($58.8M vs $39.8M, roughly 1.5× Day One Biopharmaceuticals, Inc.). CBAK Energy Technology, Inc. runs the higher net margin — -12.5% vs -49.6%, a 37.0% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs -57.6%).

CBAK Energy Technology, Inc. is a global supplier of lithium-ion battery products including high-performance cells, modules and battery packs. It serves key segments such as electric vehicles, stationary energy storage systems and consumer electronics, with core operations in China and a worldwide customer base.

Day One Biopharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing targeted precision oncology therapies for pediatric and young adult patients with genetically driven cancers. It advances novel drug candidates to address unmet medical needs in underserved patient segments, operating primarily in the U.S. and partnering with global oncology research institutions.

CBAT vs DAWN — Head-to-Head

Bigger by revenue
CBAT
CBAT
1.5× larger
CBAT
$58.8M
$39.8M
DAWN
Growing faster (revenue YoY)
CBAT
CBAT
+189.3% gap
CBAT
131.8%
-57.6%
DAWN
Higher net margin
CBAT
CBAT
37.0% more per $
CBAT
-12.5%
-49.6%
DAWN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CBAT
CBAT
DAWN
DAWN
Revenue
$58.8M
$39.8M
Net Profit
$-7.4M
$-19.7M
Gross Margin
7.3%
Operating Margin
-13.6%
-60.9%
Net Margin
-12.5%
-49.6%
Revenue YoY
131.8%
-57.6%
Net Profit YoY
-63.6%
-153.3%
EPS (diluted)
$-0.08
$-0.19

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
CBAT
CBAT
DAWN
DAWN
Q4 25
$58.8M
Q3 25
$60.9M
$39.8M
Q2 25
$40.5M
$33.9M
Q1 25
$34.9M
$30.8M
Q4 24
$25.4M
Q3 24
$44.6M
$93.8M
Q2 24
$47.8M
Q1 24
$58.8M
$0
Net Profit
CBAT
CBAT
DAWN
DAWN
Q4 25
$-7.4M
Q3 25
$2.7M
$-19.7M
Q2 25
$-3.1M
$-30.3M
Q1 25
$-1.6M
$-36.0M
Q4 24
$-4.5M
Q3 24
$17.6K
$37.0M
Q2 24
$6.4M
Q1 24
$9.8M
$-62.4M
Gross Margin
CBAT
CBAT
DAWN
DAWN
Q4 25
7.3%
Q3 25
8.0%
Q2 25
11.0%
Q1 25
13.7%
Q4 24
13.1%
Q3 24
15.6%
Q2 24
26.6%
Q1 24
31.9%
Operating Margin
CBAT
CBAT
DAWN
DAWN
Q4 25
-13.6%
Q3 25
-6.6%
-60.9%
Q2 25
-8.7%
-103.1%
Q1 25
-8.2%
-133.5%
Q4 24
-26.0%
Q3 24
-1.9%
31.6%
Q2 24
12.4%
Q1 24
17.4%
Net Margin
CBAT
CBAT
DAWN
DAWN
Q4 25
-12.5%
Q3 25
4.4%
-49.6%
Q2 25
-7.6%
-89.4%
Q1 25
-4.5%
-117.0%
Q4 24
-17.8%
Q3 24
0.0%
39.5%
Q2 24
13.5%
Q1 24
16.7%
EPS (diluted)
CBAT
CBAT
DAWN
DAWN
Q4 25
$-0.08
Q3 25
$0.03
$-0.19
Q2 25
$-0.03
$-0.29
Q1 25
$-0.02
$-0.35
Q4 24
$-0.05
Q3 24
$0.00
$0.38
Q2 24
$0.07
Q1 24
$0.11
$-0.72

Balance Sheet & Financial Strength

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

Metric
CBAT
CBAT
DAWN
DAWN
Cash + ST InvestmentsLiquidity on hand
$8.3M
$451.6M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$112.7M
$450.9M
Total Assets
$426.2M
$513.8M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
DAWN
DAWN
Q4 25
$8.3M
Q3 25
$10.5M
$451.6M
Q2 25
$45.7M
$453.1M
Q1 25
$9.6M
$473.0M
Q4 24
$11.0M
Q3 24
$24.2M
$558.4M
Q2 24
$44.1M
Q1 24
$23.8M
$317.9M
Total Debt
CBAT
CBAT
DAWN
DAWN
Q4 25
$4.1M
Q3 25
$4.8M
Q2 25
$4.9M
Q1 25
$4.1M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CBAT
CBAT
DAWN
DAWN
Q4 25
$112.7M
Q3 25
$121.4M
$450.9M
Q2 25
$118.2M
$460.8M
Q1 25
$120.8M
$479.5M
Q4 24
$121.7M
Q3 24
$131.2M
$555.5M
Q2 24
$126.6M
Q1 24
$120.9M
$296.8M
Total Assets
CBAT
CBAT
DAWN
DAWN
Q4 25
$426.2M
Q3 25
$363.9M
$513.8M
Q2 25
$333.1M
$519.0M
Q1 25
$311.5M
$534.4M
Q4 24
$302.2M
Q3 24
$293.5M
$600.8M
Q2 24
$279.6M
Q1 24
$286.5M
$326.6M
Debt / Equity
CBAT
CBAT
DAWN
DAWN
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.04×
Q1 25
0.03×
Q4 24
Q3 24
Q2 24
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
CBAT
CBAT
DAWN
DAWN
Operating Cash FlowLast quarter
$29.8M
$-5.8M
Free Cash FlowOCF − Capex
$16.1M
FCF MarginFCF / Revenue
27.3%
Capex IntensityCapex / Revenue
23.4%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
DAWN
DAWN
Q4 25
$29.8M
Q3 25
$14.6M
$-5.8M
Q2 25
$13.8M
$-24.8M
Q1 25
$-9.6M
$-59.0M
Q4 24
$9.6M
Q3 24
$19.7M
$50.8M
Q2 24
$2.9M
Q1 24
$7.4M
$-49.7M
Free Cash Flow
CBAT
CBAT
DAWN
DAWN
Q4 25
$16.1M
Q3 25
$6.0M
Q2 25
$4.1M
$-24.8M
Q1 25
$-22.3M
$-59.3M
Q4 24
$3.9M
Q3 24
$16.5M
$50.0M
Q2 24
$2.5M
Q1 24
$-454.0K
FCF Margin
CBAT
CBAT
DAWN
DAWN
Q4 25
27.3%
Q3 25
9.9%
Q2 25
10.2%
-73.2%
Q1 25
-63.9%
-192.8%
Q4 24
15.5%
Q3 24
37.1%
53.4%
Q2 24
5.2%
Q1 24
-0.8%
Capex Intensity
CBAT
CBAT
DAWN
DAWN
Q4 25
23.4%
Q3 25
14.1%
0.0%
Q2 25
23.8%
0.0%
Q1 25
36.3%
1.0%
Q4 24
22.5%
Q3 24
7.0%
0.8%
Q2 24
0.9%
Q1 24
13.4%
Cash Conversion
CBAT
CBAT
DAWN
DAWN
Q4 25
Q3 25
5.51×
Q2 25
Q1 25
Q4 24
Q3 24
1115.72×
1.37×
Q2 24
0.46×
Q1 24
0.76×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBAT
CBAT

Manufacturing Lithium Batteries$28.0M48%
Residential Energy Supply And Uninterruptable Supplies$17.8M30%
Light Electric Vehicles$12.9M22%
Precursor$108.0K0%

DAWN
DAWN

Products$38.5M97%
License Agreement With Ipsen Pharma Sas$1.3M3%

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