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Side-by-side financial comparison of Cellectis S.A. (CLLS) and REED'S, INC. (REED). Click either name above to swap in a different company.

Cellectis S.A. is the larger business by last-quarter revenue ($9.5M vs $7.5M, roughly 1.3× REED'S, INC.). REED'S, INC. runs the higher net margin — -50.5% vs -265.9%, a 215.3% gap on every dollar of revenue. On growth, Cellectis S.A. posted the faster year-over-year revenue change (375.0% vs -23.1%). Cellectis S.A. produced more free cash flow last quarter ($27.6M vs $-3.9M).

Cellectis is a French biopharmaceutical company. It develops genome-edited chimeric antigen receptor T-cell technologies for cancer immunotherapy. It has offices in Paris, New York City, and Raleigh, North Carolina.

Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.

CLLS vs REED — Head-to-Head

Bigger by revenue
CLLS
CLLS
1.3× larger
CLLS
$9.5M
$7.5M
REED
Growing faster (revenue YoY)
CLLS
CLLS
+398.1% gap
CLLS
375.0%
-23.1%
REED
Higher net margin
REED
REED
215.3% more per $
REED
-50.5%
-265.9%
CLLS
More free cash flow
CLLS
CLLS
$31.5M more FCF
CLLS
$27.6M
$-3.9M
REED

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
CLLS
CLLS
REED
REED
Revenue
$9.5M
$7.5M
Net Profit
$-25.3M
$-3.8M
Gross Margin
20.4%
Operating Margin
-181.1%
-46.9%
Net Margin
-265.9%
-50.5%
Revenue YoY
375.0%
-23.1%
Net Profit YoY
-51.9%
8.2%
EPS (diluted)
$-0.28
$-1.26

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
CLLS
CLLS
REED
REED
Q4 25
$7.5M
Q3 25
$7.0M
Q2 25
$9.5M
Q1 25
$10.0M
Q4 24
$9.7M
Q3 24
$6.8M
Q2 24
$9.5M
$11.9M
Q1 24
$9.6M
Net Profit
CLLS
CLLS
REED
REED
Q4 25
$-3.8M
Q3 25
$-4.0M
Q2 25
$-6.0M
Q1 25
$-2.0M
Q4 24
$-4.1M
Q3 24
$-4.2M
Q2 24
$-25.3M
$-3.2M
Q1 24
$-1.7M
Gross Margin
CLLS
CLLS
REED
REED
Q4 25
20.4%
Q3 25
17.4%
Q2 25
8.5%
Q1 25
33.9%
Q4 24
30.0%
Q3 24
18.0%
Q2 24
32.3%
Q1 24
35.6%
Operating Margin
CLLS
CLLS
REED
REED
Q4 25
-46.9%
Q3 25
-58.3%
Q2 25
-60.8%
Q1 25
-17.4%
Q4 24
-37.6%
Q3 24
-46.5%
Q2 24
-181.1%
-5.6%
Q1 24
-6.8%
Net Margin
CLLS
CLLS
REED
REED
Q4 25
-50.5%
Q3 25
-56.6%
Q2 25
-63.5%
Q1 25
-20.3%
Q4 24
-42.3%
Q3 24
-61.5%
Q2 24
-265.9%
-27.1%
Q1 24
-17.4%
EPS (diluted)
CLLS
CLLS
REED
REED
Q4 25
$-1.26
Q3 25
$-0.48
Q2 25
$-0.13
Q1 25
$-0.04
Q4 24
$-3.73
Q3 24
$-4.91
Q2 24
$-0.28
$-0.77
Q1 24
$-0.40

Balance Sheet & Financial Strength

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

Metric
CLLS
CLLS
REED
REED
Cash + ST InvestmentsLiquidity on hand
$149.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$148.6M
$9.2M
Total Assets
$407.1M
$23.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLLS
CLLS
REED
REED
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$149.0M
Q1 24
Stockholders' Equity
CLLS
CLLS
REED
REED
Q4 25
$9.2M
Q3 25
$2.8M
Q2 25
$1.7M
Q1 25
$4.7M
Q4 24
$6.6M
Q3 24
$-22.0M
Q2 24
$148.6M
$-23.8M
Q1 24
$-20.7M
Total Assets
CLLS
CLLS
REED
REED
Q4 25
$23.3M
Q3 25
$19.9M
Q2 25
$23.7M
Q1 25
$24.5M
Q4 24
$25.1M
Q3 24
$15.0M
Q2 24
$407.1M
$18.7M
Q1 24
$19.3M

Cash Flow & Capital Efficiency

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

Metric
CLLS
CLLS
REED
REED
Operating Cash FlowLast quarter
$28.9M
$-3.8M
Free Cash FlowOCF − Capex
$27.6M
$-3.9M
FCF MarginFCF / Revenue
290.5%
-52.0%
Capex IntensityCapex / Revenue
13.2%
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-17.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLLS
CLLS
REED
REED
Q4 25
$-3.8M
Q3 25
$-2.8M
Q2 25
$-5.0M
Q1 25
$-5.4M
Q4 24
$-3.9M
Q3 24
$1.1M
Q2 24
$28.9M
$-912.0K
Q1 24
$-2.4M
Free Cash Flow
CLLS
CLLS
REED
REED
Q4 25
$-3.9M
Q3 25
$-2.9M
Q2 25
$-5.1M
Q1 25
$-5.4M
Q4 24
$-4.0M
Q3 24
$1.0M
Q2 24
$27.6M
$-924.0K
Q1 24
$-2.4M
FCF Margin
CLLS
CLLS
REED
REED
Q4 25
-52.0%
Q3 25
-41.5%
Q2 25
-53.2%
Q1 25
-54.2%
Q4 24
-40.8%
Q3 24
15.3%
Q2 24
290.5%
-7.8%
Q1 24
-25.1%
Capex Intensity
CLLS
CLLS
REED
REED
Q4 25
1.1%
Q3 25
1.4%
Q2 25
0.2%
Q1 25
0.7%
Q4 24
1.0%
Q3 24
0.3%
Q2 24
13.2%
0.1%
Q1 24
0.2%

Financial Flow Comparison

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

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