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Side-by-side financial comparison of CHAMPIONS ONCOLOGY, INC. (CSBR) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.

CHAMPIONS ONCOLOGY, INC. is the larger business by last-quarter revenue ($15.0M vs $9.4M, roughly 1.6× Velo3D, Inc.). CHAMPIONS ONCOLOGY, INC. runs the higher net margin — 1.8% vs -231.9%, a 233.7% gap on every dollar of revenue. On growth, CHAMPIONS ONCOLOGY, INC. posted the faster year-over-year revenue change (11.5% vs -25.2%). CHAMPIONS ONCOLOGY, INC. produced more free cash flow last quarter ($-2.0M vs $-8.3M). Over the past eight quarters, CHAMPIONS ONCOLOGY, INC.'s revenue compounded faster (11.8% CAGR vs -1.8%).

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.

Velo3D, Inc. develops and sells advanced end-to-end metal additive manufacturing (3D printing) solutions, comprising industrial-grade printers, specialized processing software, and high-performance metal materials. It primarily serves global aerospace, defense, energy, semiconductor and industrial manufacturing markets, enabling customers to produce complex, high-precision metal parts that are difficult to manufacture with traditional methods.

CSBR vs VELO — Head-to-Head

Bigger by revenue
CSBR
CSBR
1.6× larger
CSBR
$15.0M
$9.4M
VELO
Growing faster (revenue YoY)
CSBR
CSBR
+36.7% gap
CSBR
11.5%
-25.2%
VELO
Higher net margin
CSBR
CSBR
233.7% more per $
CSBR
1.8%
-231.9%
VELO
More free cash flow
CSBR
CSBR
$6.4M more FCF
CSBR
$-2.0M
$-8.3M
VELO
Faster 2-yr revenue CAGR
CSBR
CSBR
Annualised
CSBR
11.8%
-1.8%
VELO

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
CSBR
CSBR
VELO
VELO
Revenue
$15.0M
$9.4M
Net Profit
$268.0K
$-21.9M
Gross Margin
51.7%
-73.6%
Operating Margin
1.2%
-231.0%
Net Margin
1.8%
-231.9%
Revenue YoY
11.5%
-25.2%
Net Profit YoY
-63.2%
-2.9%
EPS (diluted)
$0.02
$-0.87

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
VELO
VELO
Q4 25
$15.0M
$9.4M
Q3 25
$14.0M
$13.6M
Q2 25
$12.4M
$13.6M
Q1 25
$17.0M
$9.3M
Q4 24
$13.5M
$12.6M
Q3 24
$14.1M
$8.2M
Q2 24
$14.0M
$10.3M
Q1 24
$12.0M
$9.8M
Net Profit
CSBR
CSBR
VELO
VELO
Q4 25
$268.0K
$-21.9M
Q3 25
$-436.0K
$-11.2M
Q2 25
$-1.8M
$-13.3M
Q1 25
$4.5M
$-25.0M
Q4 24
$728.0K
$-21.3M
Q3 24
$1.3M
$-21.9M
Q2 24
$-109.0K
$935.0K
Q1 24
$-2.5M
$-27.5M
Gross Margin
CSBR
CSBR
VELO
VELO
Q4 25
51.7%
-73.6%
Q3 25
42.9%
3.2%
Q2 25
41.1%
-11.7%
Q1 25
61.2%
7.5%
Q4 24
44.9%
-3.5%
Q3 24
49.7%
49.4%
Q2 24
48.2%
-28.0%
Q1 24
34.7%
-28.8%
Operating Margin
CSBR
CSBR
VELO
VELO
Q4 25
1.2%
-231.0%
Q3 25
-3.8%
-73.3%
Q2 25
-16.2%
-85.4%
Q1 25
26.4%
-123.6%
Q4 24
5.4%
-167.0%
Q3 24
9.5%
-213.8%
Q2 24
-1.9%
-187.7%
Q1 24
-21.4%
-211.1%
Net Margin
CSBR
CSBR
VELO
VELO
Q4 25
1.8%
-231.9%
Q3 25
-3.1%
-82.0%
Q2 25
-14.9%
-97.7%
Q1 25
26.4%
-268.4%
Q4 24
5.4%
-168.5%
Q3 24
9.3%
-265.3%
Q2 24
-0.8%
9.0%
Q1 24
-21.1%
-281.2%
EPS (diluted)
CSBR
CSBR
VELO
VELO
Q4 25
$0.02
$-0.87
Q3 25
$-0.03
$-0.65
Q2 25
$-0.12
$-0.94
Q1 25
$0.31
$-1.87
Q4 24
$0.05
$7.06
Q3 24
$0.09
$-35.52
Q2 24
$-0.01
$1.65
Q1 24
$-0.19
$-55.51

Balance Sheet & Financial Strength

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

Metric
CSBR
CSBR
VELO
VELO
Cash + ST InvestmentsLiquidity on hand
$8.5M
$39.0M
Total DebtLower is stronger
$31.0M
Stockholders' EquityBook value
$4.2M
$38.2M
Total Assets
$30.2M
$105.3M
Debt / EquityLower = less leverage
0.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSBR
CSBR
VELO
VELO
Q4 25
$8.5M
$39.0M
Q3 25
$10.3M
$11.8M
Q2 25
$9.8M
$854.0K
Q1 25
$3.2M
$3.9M
Q4 24
$2.8M
$1.2M
Q3 24
$2.9M
$1.6M
Q2 24
$2.6M
$3.2M
Q1 24
$4.5M
$10.9M
Total Debt
CSBR
CSBR
VELO
VELO
Q4 25
$31.0M
Q3 25
$23.0M
Q2 25
$22.5M
Q1 25
$21.7M
Q4 24
$5.7M
Q3 24
$32.3M
Q2 24
$33.5M
Q1 24
$44.0M
Stockholders' Equity
CSBR
CSBR
VELO
VELO
Q4 25
$4.2M
$38.2M
Q3 25
$3.5M
$29.9M
Q2 25
$3.8M
$21.4M
Q1 25
$5.5M
$32.8M
Q4 24
$681.0K
$39.7M
Q3 24
$-332.0K
$34.4M
Q2 24
$-1.9M
$52.1M
Q1 24
$-2.1M
$45.5M
Total Assets
CSBR
CSBR
VELO
VELO
Q4 25
$30.2M
$105.3M
Q3 25
$30.5M
$93.7M
Q2 25
$32.3M
$78.4M
Q1 25
$30.6M
$91.3M
Q4 24
$25.2M
$89.2M
Q3 24
$24.9M
$110.8M
Q2 24
$26.1M
$116.7M
Q1 24
$26.8M
$136.1M
Debt / Equity
CSBR
CSBR
VELO
VELO
Q4 25
0.81×
Q3 25
0.77×
Q2 25
1.05×
Q1 25
0.66×
Q4 24
0.14×
Q3 24
0.94×
Q2 24
0.64×
Q1 24
0.97×

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
VELO
VELO
Operating Cash FlowLast quarter
$-1.7M
$-7.7M
Free Cash FlowOCF − Capex
$-2.0M
$-8.3M
FCF MarginFCF / Revenue
-13.1%
-88.3%
Capex IntensityCapex / Revenue
1.6%
6.4%
Cash ConversionOCF / Net Profit
-6.47×
TTM Free Cash FlowTrailing 4 quarters
$5.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSBR
CSBR
VELO
VELO
Q4 25
$-1.7M
$-7.7M
Q3 25
$600.0K
$-6.0M
Q2 25
$6.9M
$-1.2M
Q1 25
$490.0K
$-12.3M
Q4 24
$-283.0K
$-2.2M
Q3 24
$311.0K
$-2.0M
Q2 24
$-1.8M
$-8.0M
Q1 24
$-919.0K
$-20.5M
Free Cash Flow
CSBR
CSBR
VELO
VELO
Q4 25
$-2.0M
$-8.3M
Q3 25
$554.0K
$-6.3M
Q2 25
$6.6M
$-3.0M
Q1 25
$448.0K
Q4 24
$-377.0K
$-2.2M
Q3 24
$-2.0M
Q2 24
$-1.8M
$-8.0M
Q1 24
$-1.0M
$-20.5M
FCF Margin
CSBR
CSBR
VELO
VELO
Q4 25
-13.1%
-88.3%
Q3 25
4.0%
-46.5%
Q2 25
53.5%
-22.2%
Q1 25
2.6%
Q4 24
-2.8%
-17.7%
Q3 24
-24.2%
Q2 24
-13.0%
-77.1%
Q1 24
-8.4%
-209.8%
Capex Intensity
CSBR
CSBR
VELO
VELO
Q4 25
1.6%
6.4%
Q3 25
0.3%
2.3%
Q2 25
2.0%
13.3%
Q1 25
0.2%
0.0%
Q4 24
0.7%
0.2%
Q3 24
0.0%
0.2%
Q2 24
0.0%
0.0%
Q1 24
0.8%
0.1%
Cash Conversion
CSBR
CSBR
VELO
VELO
Q4 25
-6.47×
Q3 25
Q2 25
Q1 25
0.11×
Q4 24
-0.39×
Q3 24
0.24×
Q2 24
-8.52×
Q1 24

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%

VELO
VELO

Segment breakdown not available.

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