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Side-by-side financial comparison of CHAMPIONS ONCOLOGY, INC. (CSBR) and Finward Bancorp (FNWD). Click either name above to swap in a different company.

Finward Bancorp is the larger business by last-quarter revenue ($16.5M vs $15.0M, roughly 1.1× CHAMPIONS ONCOLOGY, INC.). Finward Bancorp runs the higher net margin — 12.0% vs 1.8%, a 10.2% gap on every dollar of revenue. On growth, CHAMPIONS ONCOLOGY, INC. posted the faster year-over-year revenue change (11.5% vs 1.1%). Finward Bancorp produced more free cash flow last quarter ($9.0M vs $-2.0M). Over the past eight quarters, CHAMPIONS ONCOLOGY, INC.'s revenue compounded faster (11.8% CAGR vs -19.1%).

Champions Oncology is an American technology company that develops mouse avatars. Called TumorGrafts, they are used to test a panel of chemotherapy regimens, targeted therapies and monoclonal antibodies to identify potential therapeutic options for cancer patients. The company was founded in 2007 by David Sidransky, M.D., a Johns Hopkins University oncologist.

Finward Bancorp is a U.S.-headquartered regional bank holding company. It offers a full range of retail and commercial banking products and services, including deposit accounts, personal and mortgage loans, small business financing, and wealth management solutions, primarily serving individual customers and small to mid-sized enterprises in its local operating regions.

CSBR vs FNWD — Head-to-Head

Bigger by revenue
FNWD
FNWD
1.1× larger
FNWD
$16.5M
$15.0M
CSBR
Growing faster (revenue YoY)
CSBR
CSBR
+10.4% gap
CSBR
11.5%
1.1%
FNWD
Higher net margin
FNWD
FNWD
10.2% more per $
FNWD
12.0%
1.8%
CSBR
More free cash flow
FNWD
FNWD
$11.0M more FCF
FNWD
$9.0M
$-2.0M
CSBR
Faster 2-yr revenue CAGR
CSBR
CSBR
Annualised
CSBR
11.8%
-19.1%
FNWD

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
CSBR
CSBR
FNWD
FNWD
Revenue
$15.0M
$16.5M
Net Profit
$268.0K
$2.0M
Gross Margin
51.7%
Operating Margin
1.2%
11.0%
Net Margin
1.8%
12.0%
Revenue YoY
11.5%
1.1%
Net Profit YoY
-63.2%
-5.6%
EPS (diluted)
$0.02
$0.46

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
CSBR
CSBR
FNWD
FNWD
Q4 25
$15.0M
$16.5M
Q3 25
$14.0M
$17.4M
Q2 25
$12.4M
$16.6M
Q1 25
$17.0M
$15.5M
Q4 24
$13.5M
$16.3M
Q3 24
$14.1M
$14.9M
Q2 24
$14.0M
$14.6M
Q1 24
$12.0M
$25.3M
Net Profit
CSBR
CSBR
FNWD
FNWD
Q4 25
$268.0K
$2.0M
Q3 25
$-436.0K
$3.5M
Q2 25
$-1.8M
$2.2M
Q1 25
$4.5M
$455.0K
Q4 24
$728.0K
$2.1M
Q3 24
$1.3M
$606.0K
Q2 24
$-109.0K
$143.0K
Q1 24
$-2.5M
$9.3M
Gross Margin
CSBR
CSBR
FNWD
FNWD
Q4 25
51.7%
Q3 25
42.9%
Q2 25
41.1%
Q1 25
61.2%
Q4 24
44.9%
Q3 24
49.7%
Q2 24
48.2%
Q1 24
34.7%
Operating Margin
CSBR
CSBR
FNWD
FNWD
Q4 25
1.2%
11.0%
Q3 25
-3.8%
20.5%
Q2 25
-16.2%
12.7%
Q1 25
26.4%
4.0%
Q4 24
5.4%
16.3%
Q3 24
9.5%
2.7%
Q2 24
-1.9%
0.9%
Q1 24
-21.4%
40.6%
Net Margin
CSBR
CSBR
FNWD
FNWD
Q4 25
1.8%
12.0%
Q3 25
-3.1%
20.1%
Q2 25
-14.9%
12.9%
Q1 25
26.4%
2.9%
Q4 24
5.4%
12.9%
Q3 24
9.3%
4.1%
Q2 24
-0.8%
1.0%
Q1 24
-21.1%
36.7%
EPS (diluted)
CSBR
CSBR
FNWD
FNWD
Q4 25
$0.02
$0.46
Q3 25
$-0.03
$0.81
Q2 25
$-0.12
$0.50
Q1 25
$0.31
$0.11
Q4 24
$0.05
$0.50
Q3 24
$0.09
$0.14
Q2 24
$-0.01
$0.03
Q1 24
$-0.19
$2.17

Balance Sheet & Financial Strength

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

Metric
CSBR
CSBR
FNWD
FNWD
Cash + ST InvestmentsLiquidity on hand
$8.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.2M
$174.7M
Total Assets
$30.2M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSBR
CSBR
FNWD
FNWD
Q4 25
$8.5M
Q3 25
$10.3M
Q2 25
$9.8M
Q1 25
$3.2M
Q4 24
$2.8M
Q3 24
$2.9M
Q2 24
$2.6M
Q1 24
$4.5M
Stockholders' Equity
CSBR
CSBR
FNWD
FNWD
Q4 25
$4.2M
$174.7M
Q3 25
$3.5M
$165.5M
Q2 25
$3.8M
$154.3M
Q1 25
$5.5M
$151.8M
Q4 24
$681.0K
$151.4M
Q3 24
$-332.0K
$159.6M
Q2 24
$-1.9M
$148.6M
Q1 24
$-2.1M
$151.6M
Total Assets
CSBR
CSBR
FNWD
FNWD
Q4 25
$30.2M
$2.0B
Q3 25
$30.5M
$2.1B
Q2 25
$32.3M
$2.1B
Q1 25
$30.6M
$2.0B
Q4 24
$25.2M
$2.1B
Q3 24
$24.9M
$2.1B
Q2 24
$26.1M
$2.1B
Q1 24
$26.8M
$2.1B

Cash Flow & Capital Efficiency

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

Metric
CSBR
CSBR
FNWD
FNWD
Operating Cash FlowLast quarter
$-1.7M
$9.9M
Free Cash FlowOCF − Capex
$-2.0M
$9.0M
FCF MarginFCF / Revenue
-13.1%
54.8%
Capex IntensityCapex / Revenue
1.6%
5.2%
Cash ConversionOCF / Net Profit
-6.47×
4.99×
TTM Free Cash FlowTrailing 4 quarters
$5.6M
$10.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSBR
CSBR
FNWD
FNWD
Q4 25
$-1.7M
$9.9M
Q3 25
$600.0K
$1.2M
Q2 25
$6.9M
$4.8M
Q1 25
$490.0K
$-3.8M
Q4 24
$-283.0K
$9.8M
Q3 24
$311.0K
$-3.7M
Q2 24
$-1.8M
$2.8M
Q1 24
$-919.0K
$-25.0K
Free Cash Flow
CSBR
CSBR
FNWD
FNWD
Q4 25
$-2.0M
$9.0M
Q3 25
$554.0K
$1.0M
Q2 25
$6.6M
$4.5M
Q1 25
$448.0K
$-4.0M
Q4 24
$-377.0K
$6.7M
Q3 24
$-4.2M
Q2 24
$-1.8M
$1.1M
Q1 24
$-1.0M
$-736.0K
FCF Margin
CSBR
CSBR
FNWD
FNWD
Q4 25
-13.1%
54.8%
Q3 25
4.0%
6.0%
Q2 25
53.5%
27.0%
Q1 25
2.6%
-25.7%
Q4 24
-2.8%
41.2%
Q3 24
-28.5%
Q2 24
-13.0%
7.6%
Q1 24
-8.4%
-2.9%
Capex Intensity
CSBR
CSBR
FNWD
FNWD
Q4 25
1.6%
5.2%
Q3 25
0.3%
0.9%
Q2 25
2.0%
1.7%
Q1 25
0.2%
1.2%
Q4 24
0.7%
18.8%
Q3 24
0.0%
3.4%
Q2 24
0.0%
11.2%
Q1 24
0.8%
2.8%
Cash Conversion
CSBR
CSBR
FNWD
FNWD
Q4 25
-6.47×
4.99×
Q3 25
0.34×
Q2 25
2.22×
Q1 25
0.11×
-8.37×
Q4 24
-0.39×
4.66×
Q3 24
0.24×
-6.15×
Q2 24
19.23×
Q1 24
-0.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CSBR
CSBR

Pharmacology Services$14.5M97%
Other$520.0K3%

FNWD
FNWD

Segment breakdown not available.

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