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Side-by-side financial comparison of CG Oncology, Inc. (CGON) and SAFE & GREEN HOLDINGS CORP. (OLOX). Click either name above to swap in a different company.

CG Oncology, Inc. is the larger business by last-quarter revenue ($2.3M vs $1.8M, roughly 1.3× SAFE & GREEN HOLDINGS CORP.). SAFE & GREEN HOLDINGS CORP. runs the higher net margin — -212.0% vs -1779.0%, a 1567.1% gap on every dollar of revenue. On growth, CG Oncology, Inc. posted the faster year-over-year revenue change (409.2% vs -55.8%).

CG Oncology, Inc. is a clinical-stage biotechnology company focused on developing innovative targeted immunotherapies for urological cancers including non-muscle invasive bladder cancer. It primarily operates in the U.S. market, advancing pipeline candidates to address unmet medical needs for patients with limited treatment options.

Safe Auto Insurance Company is an American property and casualty auto insurance carrier. It is a privately held carrier and provider of state-minimum private-passenger auto insurance for drivers in the nonstandard insurance market in 20 states across the US, including Oregon, Ohio, Indiana, Kentucky, Georgia, Pennsylvania, South Carolina, Tennessee, Louisiana, Mississippi, Illinois, Missouri, Arizona, Oklahoma, Kansas, Virginia, Texas, California, Alabama, and Colorado.

CGON vs OLOX — Head-to-Head

Bigger by revenue
CGON
CGON
1.3× larger
CGON
$2.3M
$1.8M
OLOX
Growing faster (revenue YoY)
CGON
CGON
+465.0% gap
CGON
409.2%
-55.8%
OLOX
Higher net margin
OLOX
OLOX
1567.1% more per $
OLOX
-212.0%
-1779.0%
CGON

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
CGON
CGON
OLOX
OLOX
Revenue
$2.3M
$1.8M
Net Profit
$-41.3M
$-3.7M
Gross Margin
-7.2%
Operating Margin
-2097.3%
-127.8%
Net Margin
-1779.0%
-212.0%
Revenue YoY
409.2%
-55.8%
Net Profit YoY
-29.9%
-3.0%
EPS (diluted)
$-0.52
$-113.82

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
CGON
CGON
OLOX
OLOX
Q4 25
$2.3M
Q3 25
$1.7M
Q2 25
$0
Q4 24
$456.0K
Q3 24
$1.8M
Q2 24
$1.3M
Q1 24
$529.0K
Q4 23
$2.0M
Net Profit
CGON
CGON
OLOX
OLOX
Q4 25
$-41.3M
Q3 25
$-43.8M
Q2 25
$-41.4M
Q4 24
$-31.8M
Q3 24
$-3.7M
Q2 24
$-4.7M
Q1 24
$-16.9M
Q4 23
$-13.6M
Gross Margin
CGON
CGON
OLOX
OLOX
Q4 25
Q3 25
Q2 25
Q4 24
Q3 24
-7.2%
Q2 24
9.3%
Q1 24
Q4 23
-101.4%
Operating Margin
CGON
CGON
OLOX
OLOX
Q4 25
-2097.3%
Q3 25
-3069.0%
Q2 25
Q4 24
-8344.1%
Q3 24
-127.8%
Q2 24
-150.9%
Q1 24
-4247.4%
Q4 23
-536.0%
Net Margin
CGON
CGON
OLOX
OLOX
Q4 25
-1779.0%
Q3 25
-2629.5%
Q2 25
Q4 24
-6973.7%
Q3 24
-212.0%
Q2 24
-373.1%
Q1 24
-3200.8%
Q4 23
-695.0%
EPS (diluted)
CGON
CGON
OLOX
OLOX
Q4 25
$-0.52
Q3 25
$-0.57
Q2 25
$-0.54
Q4 24
$-0.47
Q3 24
$-113.82
Q2 24
$-3.31
Q1 24
$-0.36
Q4 23
$-21.35

Balance Sheet & Financial Strength

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

Metric
CGON
CGON
OLOX
OLOX
Cash + ST InvestmentsLiquidity on hand
$742.2M
$257.0K
Total DebtLower is stronger
$6.6M
Stockholders' EquityBook value
$752.6M
$-8.2M
Total Assets
$791.6M
$9.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CGON
CGON
OLOX
OLOX
Q4 25
$742.2M
Q3 25
$680.3M
Q2 25
$661.1M
Q4 24
$742.0M
Q3 24
$257.0K
Q2 24
$1.0M
Q1 24
$566.5M
Q4 23
$14.2K
Total Debt
CGON
CGON
OLOX
OLOX
Q4 25
Q3 25
Q2 25
Q4 24
Q3 24
$6.6M
Q2 24
$12.6M
Q1 24
Q4 23
$4.1M
Stockholders' Equity
CGON
CGON
OLOX
OLOX
Q4 25
$752.6M
Q3 25
$687.6M
Q2 25
$670.4M
Q4 24
$733.4M
Q3 24
$-8.2M
Q2 24
$-5.7M
Q1 24
$568.9M
Q4 23
$-7.5M
Total Assets
CGON
CGON
OLOX
OLOX
Q4 25
$791.6M
Q3 25
$729.9M
Q2 25
$701.4M
Q4 24
$754.8M
Q3 24
$9.8M
Q2 24
$20.9M
Q1 24
$579.1M
Q4 23
$17.2M

Cash Flow & Capital Efficiency

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

Metric
CGON
CGON
OLOX
OLOX
Operating Cash FlowLast quarter
$-36.2M
Free Cash FlowOCF − Capex
$-36.2M
FCF MarginFCF / Revenue
-1560.0%
Capex IntensityCapex / Revenue
0.3%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-124.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CGON
CGON
OLOX
OLOX
Q4 25
$-36.2M
Q3 25
$-38.9M
Q2 25
$-28.0M
Q4 24
$-20.7M
Q3 24
Q2 24
$-3.7M
Q1 24
$-26.0M
Q4 23
$-2.5M
Free Cash Flow
CGON
CGON
OLOX
OLOX
Q4 25
$-36.2M
Q3 25
$-39.0M
Q2 25
$-28.0M
Q4 24
$-20.9M
Q3 24
Q2 24
$-3.7M
Q1 24
$-26.0M
Q4 23
$-2.5M
FCF Margin
CGON
CGON
OLOX
OLOX
Q4 25
-1560.0%
Q3 25
-2340.4%
Q2 25
Q4 24
-4577.0%
Q3 24
Q2 24
-296.7%
Q1 24
-4919.5%
Q4 23
-130.2%
Capex Intensity
CGON
CGON
OLOX
OLOX
Q4 25
0.3%
Q3 25
5.8%
Q2 25
Q4 24
45.8%
Q3 24
0.0%
Q2 24
2.0%
Q1 24
2.3%
Q4 23
4.0%

Financial Flow Comparison

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

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