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Side-by-side financial comparison of Coya Therapeutics, Inc. (COYA) and Valaris Ltd (VAL). Click either name above to swap in a different company.

Valaris Ltd is the larger business by last-quarter revenue ($5.2M vs $4.0M, roughly 1.3× Coya Therapeutics, Inc.). On growth, Coya Therapeutics, Inc. posted the faster year-over-year revenue change (202768.8% vs 405.9%).

Coya Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing innovative regulatory T cell (Treg)-based therapies to address unmet medical needs for patients with neurodegenerative, autoimmune, and inflammatory diseases. Its core pipeline includes lead candidates targeting conditions like amyotrophic lateral sclerosis, with primary planned commercial markets across North America and the European Union.

Valaris Limited is an offshore drilling contractor headquartered in Houston, Texas, and incorporated in Bermuda. It is the largest offshore drilling and well drilling company in the world. As of February 2025, it owned 52 rigs, including 36 offshore jackup rigs, 11 drillships, and 5 semi-submersible platform drilling rigs.

COYA vs VAL — Head-to-Head

Bigger by revenue
VAL
VAL
1.3× larger
VAL
$5.2M
$4.0M
COYA
Growing faster (revenue YoY)
COYA
COYA
+202362.9% gap
COYA
202768.8%
405.9%
VAL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COYA
COYA
VAL
VAL
Revenue
$4.0M
$5.2M
Net Profit
$717.5M
Gross Margin
-7850.0%
Operating Margin
Net Margin
13798.1%
Revenue YoY
202768.8%
405.9%
Net Profit YoY
-95.8%
436.6%
EPS (diluted)
$10.13

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
COYA
COYA
VAL
VAL
Q4 25
$4.0M
$5.2M
Q3 25
$3.6M
$5.6M
Q2 25
$700.0K
Q4 24
$-1.7M
Q3 24
$0
$3.9M
Q2 24
$3.4M
$4.8M
Q1 24
$2.6M
Q4 23
$3.1M
Net Profit
COYA
COYA
VAL
VAL
Q4 25
$717.5M
Q3 25
$-2.1M
$188.1M
Q2 25
$115.1M
Q4 24
$133.7M
Q3 24
$-4.0M
$64.6M
Q2 24
$-2.9M
$149.6M
Q1 24
$25.5M
Q4 23
$828.5M
Gross Margin
COYA
COYA
VAL
VAL
Q4 25
-7850.0%
Q3 25
-7142.9%
Q2 25
-56428.6%
Q4 24
24529.4%
Q3 24
-11748.7%
Q2 24
-9039.6%
Q1 24
-17007.7%
Q4 23
-12867.7%
Operating Margin
COYA
COYA
VAL
VAL
Q4 25
Q3 25
-68.3%
Q2 25
Q4 24
Q3 24
Q2 24
-94.5%
Q1 24
Q4 23
Net Margin
COYA
COYA
VAL
VAL
Q4 25
13798.1%
Q3 25
-59.4%
3358.9%
Q2 25
16442.9%
Q4 24
-7864.7%
Q3 24
1656.4%
Q2 24
-84.4%
3116.7%
Q1 24
980.8%
Q4 23
26725.8%
EPS (diluted)
COYA
COYA
VAL
VAL
Q4 25
$10.13
Q3 25
$-0.13
$2.65
Q2 25
$1.61
Q4 24
$1.86
Q3 24
$-0.26
$0.88
Q2 24
$-0.19
$2.03
Q1 24
$0.35
Q4 23
$11.12

Balance Sheet & Financial Strength

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

Metric
COYA
COYA
VAL
VAL
Cash + ST InvestmentsLiquidity on hand
$46.8M
$599.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$43.0M
$3.2B
Total Assets
$50.0M
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COYA
COYA
VAL
VAL
Q4 25
$46.8M
$599.4M
Q3 25
$28.1M
$662.7M
Q2 25
$503.4M
Q4 24
$368.2M
Q3 24
$31.1M
$379.3M
Q2 24
$36.6M
$398.3M
Q1 24
$494.1M
Q4 23
$620.5M
Stockholders' Equity
COYA
COYA
VAL
VAL
Q4 25
$43.0M
$3.2B
Q3 25
$27.3M
$2.4B
Q2 25
$2.3B
Q4 24
$2.2B
Q3 24
$32.0M
$2.1B
Q2 24
$35.3M
$2.2B
Q1 24
$2.0B
Q4 23
$2.0B
Total Assets
COYA
COYA
VAL
VAL
Q4 25
$50.0M
$5.3B
Q3 25
$32.0M
$4.6B
Q2 25
$4.5B
Q4 24
$4.4B
Q3 24
$35.6M
$4.3B
Q2 24
$39.9M
$4.4B
Q1 24
$4.4B
Q4 23
$4.3B

Cash Flow & Capital Efficiency

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

Metric
COYA
COYA
VAL
VAL
Operating Cash FlowLast quarter
$-10.7M
$72.2M
Free Cash FlowOCF − Capex
$-34.1M
FCF MarginFCF / Revenue
-655.8%
Capex IntensityCapex / Revenue
2044.2%
Cash ConversionOCF / Net Profit
0.10×
TTM Free Cash FlowTrailing 4 quarters
$159.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COYA
COYA
VAL
VAL
Q4 25
$-10.7M
$72.2M
Q3 25
$-1.1M
$198.1M
Q2 25
$120.0M
Q4 24
$124.6M
Q3 24
$-5.5M
$193.0M
Q2 24
$-4.6M
$11.5M
Q1 24
$26.3M
Q4 23
$96.7M
Free Cash Flow
COYA
COYA
VAL
VAL
Q4 25
$-34.1M
Q3 25
$128.3M
Q2 25
$52.8M
Q4 24
$12.9M
Q3 24
$111.1M
Q2 24
$-98.7M
Q1 24
$-125.0M
Q4 23
$-366.3M
FCF Margin
COYA
COYA
VAL
VAL
Q4 25
-655.8%
Q3 25
2291.1%
Q2 25
7542.9%
Q4 24
-758.8%
Q3 24
2848.7%
Q2 24
-2056.3%
Q1 24
-4807.7%
Q4 23
-11816.1%
Capex Intensity
COYA
COYA
VAL
VAL
Q4 25
2044.2%
Q3 25
1246.4%
Q2 25
9600.0%
Q4 24
-6570.6%
Q3 24
2100.0%
Q2 24
2295.8%
Q1 24
5819.2%
Q4 23
14935.5%
Cash Conversion
COYA
COYA
VAL
VAL
Q4 25
0.10×
Q3 25
1.05×
Q2 25
1.04×
Q4 24
0.93×
Q3 24
2.99×
Q2 24
0.08×
Q1 24
1.03×
Q4 23
0.12×

Financial Flow Comparison

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

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