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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and Vanda Pharmaceuticals Inc. (VNDA). Click either name above to swap in a different company.
Vanda Pharmaceuticals Inc. is the larger business by last-quarter revenue ($57.2M vs $40.3M, roughly 1.4× Cambium Networks Corp). Cambium Networks Corp runs the higher net margin — -17.9% vs -246.8%, a 228.8% gap on every dollar of revenue. On growth, Vanda Pharmaceuticals Inc. posted the faster year-over-year revenue change (7.6% vs -23.2%). Cambium Networks Corp produced more free cash flow last quarter ($-10.8M vs $-29.5M). Over the past eight quarters, Vanda Pharmaceuticals Inc.'s revenue compounded faster (9.8% CAGR vs -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
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.
CMBM vs VNDA — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $57.2M |
| Net Profit | $-7.2M | $-141.2M |
| Gross Margin | 36.6% | — |
| Operating Margin | -28.4% | -70.5% |
| Net Margin | -17.9% | -246.8% |
| Revenue YoY | -23.2% | 7.6% |
| Net Profit YoY | 71.0% | -2774.3% |
| EPS (diluted) | $-0.26 | $-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.
| Q4 25 | — | $57.2M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | — | $52.6M | ||
| Q1 25 | — | $50.0M | ||
| Q4 24 | $40.3M | $53.2M | ||
| Q3 24 | $44.7M | $47.7M | ||
| Q2 24 | $45.2M | $50.5M | ||
| Q1 24 | $47.1M | $47.5M |
| Q4 25 | — | $-141.2M | ||
| Q3 25 | — | $-22.6M | ||
| Q2 25 | — | $-27.2M | ||
| Q1 25 | — | $-29.5M | ||
| Q4 24 | $-7.2M | $-4.9M | ||
| Q3 24 | $-34.5M | $-5.3M | ||
| Q2 24 | $-14.2M | $-4.5M | ||
| Q1 24 | $-18.4M | $-4.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 43.6% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 29.8% | — |
| Q4 25 | — | -70.5% | ||
| Q3 25 | — | -55.6% | ||
| Q2 25 | — | -73.2% | ||
| Q1 25 | — | -82.0% | ||
| Q4 24 | -28.4% | -19.3% | ||
| Q3 24 | -69.6% | -23.1% | ||
| Q2 24 | -27.2% | -20.1% | ||
| Q1 24 | -33.1% | -19.5% |
| Q4 25 | — | -246.8% | ||
| Q3 25 | — | -40.1% | ||
| Q2 25 | — | -51.7% | ||
| Q1 25 | — | -58.9% | ||
| Q4 24 | -17.9% | -9.2% | ||
| Q3 24 | -77.3% | -11.2% | ||
| Q2 24 | -31.5% | -9.0% | ||
| Q1 24 | -39.2% | -8.7% |
| Q4 25 | — | $-2.40 | ||
| Q3 25 | — | $-0.38 | ||
| Q2 25 | — | $-0.46 | ||
| Q1 25 | — | $-0.50 | ||
| Q4 24 | $-0.26 | $-0.09 | ||
| Q3 24 | $-1.22 | $-0.09 | ||
| Q2 24 | $-0.51 | $-0.08 | ||
| Q1 24 | $-0.66 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $84.9M |
| Total DebtLower is stronger | $67.6M | — |
| Stockholders' EquityBook value | $-3.2M | $327.2M |
| Total Assets | $173.7M | $488.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $84.9M | ||
| Q3 25 | — | $70.0M | ||
| Q2 25 | — | $81.0M | ||
| Q1 25 | — | $111.8M | ||
| Q4 24 | — | $102.3M | ||
| Q3 24 | — | $100.5M | ||
| Q2 24 | — | $103.0M | ||
| Q1 24 | — | $125.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $63.8M | — |
| Q4 25 | — | $327.2M | ||
| Q3 25 | — | $466.0M | ||
| Q2 25 | — | $486.3M | ||
| Q1 25 | — | $511.4M | ||
| Q4 24 | $-3.2M | $538.5M | ||
| Q3 24 | $1.9M | $541.2M | ||
| Q2 24 | $34.1M | $542.5M | ||
| Q1 24 | $45.0M | $544.0M |
| Q4 25 | — | $488.9M | ||
| Q3 25 | — | $601.1M | ||
| Q2 25 | — | $624.7M | ||
| Q1 25 | — | $631.9M | ||
| Q4 24 | $173.7M | $656.2M | ||
| Q3 24 | $194.3M | $645.1M | ||
| Q2 24 | $221.1M | $651.4M | ||
| Q1 24 | $219.8M | $652.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.42× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.4M | $-29.4M |
| Free Cash FlowOCF − Capex | $-10.8M | $-29.5M |
| FCF MarginFCF / Revenue | -26.8% | -51.6% |
| Capex IntensityCapex / Revenue | 1.1% | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | $-110.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-29.4M | ||
| Q3 25 | — | $-31.6M | ||
| Q2 25 | — | $-15.3M | ||
| Q1 25 | — | $-33.1M | ||
| Q4 24 | $-10.4M | $-1.8M | ||
| Q3 24 | $8.9M | $-14.6M | ||
| Q2 24 | $2.4M | $-6.9M | ||
| Q1 24 | $-15.9M | $7.6M |
| Q4 25 | — | $-29.5M | ||
| Q3 25 | — | $-31.8M | ||
| Q2 25 | — | $-15.6M | ||
| Q1 25 | — | $-33.6M | ||
| Q4 24 | $-10.8M | $-2.0M | ||
| Q3 24 | $6.8M | $-14.7M | ||
| Q2 24 | $87.0K | $-7.0M | ||
| Q1 24 | $-17.4M | $7.6M |
| Q4 25 | — | -51.6% | ||
| Q3 25 | — | -56.5% | ||
| Q2 25 | — | -29.6% | ||
| Q1 25 | — | -67.1% | ||
| Q4 24 | -26.8% | -3.8% | ||
| Q3 24 | 15.2% | -30.9% | ||
| Q2 24 | 0.2% | -13.9% | ||
| Q1 24 | -37.0% | 15.9% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | 1.1% | 0.4% | ||
| Q3 24 | 4.8% | 0.3% | ||
| Q2 24 | 5.1% | 0.2% | ||
| Q1 24 | 3.3% | 0.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
VNDA
| Fanapt | $33.2M | 58% |
| Hetlioz | $16.4M | 29% |
| PONVORY | $7.6M | 13% |
