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Side-by-side financial comparison of Caribou Biosciences, Inc. (CRBU) and CaliberCos Inc. (CWD). Click either name above to swap in a different company.

CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $3.9M, roughly 1.0× Caribou Biosciences, Inc.). CaliberCos Inc. runs the higher net margin — -188.3% vs -672.1%, a 483.8% gap on every dollar of revenue. On growth, Caribou Biosciences, Inc. posted the faster year-over-year revenue change (89.7% vs -52.5%). Over the past eight quarters, Caribou Biosciences, Inc.'s revenue compounded faster (27.4% CAGR vs -57.6%).

Caribou Biosciences, Inc. is a clinical-stage biotechnology company focused on developing CRISPR genome-edited cell therapies for cancers and autoimmune diseases. It operates mainly in North American and European markets, partnering with leading pharmaceutical enterprises to advance its pipeline of accessible, targeted therapeutic products for global patients.

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

CRBU vs CWD — Head-to-Head

Bigger by revenue
CWD
CWD
1.0× larger
CWD
$4.1M
$3.9M
CRBU
Growing faster (revenue YoY)
CRBU
CRBU
+142.2% gap
CRBU
89.7%
-52.5%
CWD
Higher net margin
CWD
CWD
483.8% more per $
CWD
-188.3%
-672.1%
CRBU
Faster 2-yr revenue CAGR
CRBU
CRBU
Annualised
CRBU
27.4%
-57.6%
CWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CRBU
CRBU
CWD
CWD
Revenue
$3.9M
$4.1M
Net Profit
$-26.5M
$-7.7M
Gross Margin
Operating Margin
-722.0%
-196.6%
Net Margin
-672.1%
-188.3%
Revenue YoY
89.7%
-52.5%
Net Profit YoY
25.4%
32.2%
EPS (diluted)
$-0.28
$1.95

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
CRBU
CRBU
CWD
CWD
Q4 25
$3.9M
$4.1M
Q3 25
$2.2M
$3.6M
Q2 25
$2.7M
$5.1M
Q1 25
$2.4M
$7.3M
Q4 24
$2.1M
$8.7M
Q3 24
$2.0M
$11.3M
Q2 24
$3.5M
$8.2M
Q1 24
$2.4M
$23.0M
Net Profit
CRBU
CRBU
CWD
CWD
Q4 25
$-26.5M
$-7.7M
Q3 25
$-27.5M
$-4.4M
Q2 25
$-54.1M
$-5.3M
Q1 25
$-40.0M
$-4.4M
Q4 24
$-11.4M
Q3 24
$-34.7M
$146.0K
Q2 24
$-37.7M
$-4.7M
Q1 24
$-41.2M
$-3.8M
Operating Margin
CRBU
CRBU
CWD
CWD
Q4 25
-722.0%
-196.6%
Q3 25
-1337.6%
-129.6%
Q2 25
-1784.0%
-112.4%
Q1 25
-1823.8%
-62.7%
Q4 24
-236.8%
Q3 24
-1889.2%
0.0%
Q2 24
-1255.8%
-65.0%
Q1 24
-1893.9%
-22.9%
Net Margin
CRBU
CRBU
CWD
CWD
Q4 25
-672.1%
-188.3%
Q3 25
-1253.3%
-120.2%
Q2 25
-2028.4%
-104.5%
Q1 25
-1699.6%
-60.7%
Q4 24
-247.6%
Q3 24
-1713.6%
1.3%
Q2 24
-1088.3%
-57.8%
Q1 24
-1697.6%
-16.6%
EPS (diluted)
CRBU
CRBU
CWD
CWD
Q4 25
$-0.28
$1.95
Q3 25
$-0.30
$-1.65
Q2 25
$-0.58
$-4.15
Q1 25
$-0.43
$-3.85
Q4 24
$-10.15
Q3 24
$-0.38
$0.12
Q2 24
$-0.42
$-4.34
Q1 24
$-0.46
$-3.53

Balance Sheet & Financial Strength

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

Metric
CRBU
CRBU
CWD
CWD
Cash + ST InvestmentsLiquidity on hand
$12.4M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$122.2M
$1.3M
Total Assets
$175.4M
$135.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRBU
CRBU
CWD
CWD
Q4 25
$12.4M
$2.9M
Q3 25
$11.1M
$10.9M
Q2 25
$25.2M
$683.0K
Q1 25
$29.4M
$1.6M
Q4 24
$16.3M
$2.3M
Q3 24
$32.0M
$1.6M
Q2 24
$37.9M
$1.8M
Q1 24
$49.4M
$2.1M
Stockholders' Equity
CRBU
CRBU
CWD
CWD
Q4 25
$122.2M
$1.3M
Q3 25
$141.8M
$4.2M
Q2 25
$166.1M
$-19.9M
Q1 25
$217.2M
$-15.8M
Q4 24
$253.0M
$-12.6M
Q3 24
$281.2M
$-3.8M
Q2 24
$310.5M
$-4.7M
Q1 24
$343.3M
$-745.0K
Total Assets
CRBU
CRBU
CWD
CWD
Q4 25
$175.4M
$135.4M
Q3 25
$195.0M
$82.6M
Q2 25
$220.9M
$59.3M
Q1 25
$273.7M
$103.6M
Q4 24
$313.3M
$105.5M
Q3 24
$344.3M
$158.6M
Q2 24
$372.9M
$195.2M
Q1 24
$406.8M
$201.5M

Cash Flow & Capital Efficiency

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

Metric
CRBU
CRBU
CWD
CWD
Operating Cash FlowLast quarter
$-20.8M
$-12.1M
Free Cash FlowOCF − Capex
$-21.0M
FCF MarginFCF / Revenue
-533.9%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-112.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRBU
CRBU
CWD
CWD
Q4 25
$-20.8M
$-12.1M
Q3 25
$-25.2M
$-4.6M
Q2 25
$-28.3M
$-1.2M
Q1 25
$-36.7M
$-1.7M
Q4 24
$-138.2M
$555.0K
Q3 24
$-32.7M
$-74.0K
Q2 24
$-32.9M
$1.4M
Q1 24
$-37.2M
$-1.5M
Free Cash Flow
CRBU
CRBU
CWD
CWD
Q4 25
$-21.0M
Q3 25
$-25.3M
Q2 25
$-28.7M
Q1 25
$-37.8M
Q4 24
$-143.1M
Q3 24
$-33.3M
Q2 24
$-35.1M
Q1 24
$-38.7M
FCF Margin
CRBU
CRBU
CWD
CWD
Q4 25
-533.9%
Q3 25
-1151.0%
Q2 25
-1075.2%
Q1 25
-1605.1%
Q4 24
-6888.8%
Q3 24
-1646.9%
Q2 24
-1013.5%
Q1 24
-1591.2%
Capex Intensity
CRBU
CRBU
CWD
CWD
Q4 25
5.5%
Q3 25
5.2%
Q2 25
15.7%
Q1 25
44.3%
Q4 24
235.0%
Q3 24
33.3%
Q2 24
64.7%
Q1 24
59.6%
Cash Conversion
CRBU
CRBU
CWD
CWD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.51×
Q2 24
Q1 24

Financial Flow Comparison

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

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