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Side-by-side financial comparison of CASTLE BIOSCIENCES INC (CSTL) and Midland States Bancorp, Inc. (MSBI). Click either name above to swap in a different company.

CASTLE BIOSCIENCES INC is the larger business by last-quarter revenue ($87.0M vs $79.5M, roughly 1.1× Midland States Bancorp, Inc.). Over the past eight quarters, CASTLE BIOSCIENCES INC's revenue compounded faster (9.2% CAGR vs -6.4%).

Castle Biosciences Inc. is a commercial-stage diagnostic firm that develops and markets proprietary, clinically actionable tests for dermatological conditions such as melanoma and other skin cancers, plus rare diseases. It operates mainly in the U.S. healthcare market, focusing on segments with high unmet need for more accurate diagnostics to guide treatment choices.

Rainier Bancorporation was the Seattle-based parent corporation of Rainier National Bank, a Washington state bank with branches throughout the state. Rainier traced its roots back to the National Bank of Commerce, which was founded by Richard Holyoke in 1889. The name Rainier National Bank was adopted in 1974. Rainier Bancorp expanded into Alaska with the purchase of Anchorage's People's Bank & Trust in 1983 and into Oregon with the purchase of Gresham's Mount Hood Security Bank in 1986, expa...

CSTL vs MSBI — Head-to-Head

Bigger by revenue
CSTL
CSTL
1.1× larger
CSTL
$87.0M
$79.5M
MSBI
Faster 2-yr revenue CAGR
CSTL
CSTL
Annualised
CSTL
9.2%
-6.4%
MSBI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CSTL
CSTL
MSBI
MSBI
Revenue
$87.0M
$79.5M
Net Profit
$18.5M
Gross Margin
79.0%
Operating Margin
-4.4%
Net Margin
23.2%
Revenue YoY
0.8%
Net Profit YoY
739.3%
EPS (diluted)
$-0.06
$0.74

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
CSTL
CSTL
MSBI
MSBI
Q1 26
$79.5M
Q4 25
$87.0M
$85.6M
Q3 25
$83.0M
$81.1M
Q2 25
$86.2M
$82.2M
Q1 25
$88.0M
$76.1M
Q4 24
$86.3M
$93.9M
Q3 24
$85.8M
$92.7M
Q2 24
$87.0M
$90.9M
Net Profit
CSTL
CSTL
MSBI
MSBI
Q1 26
$18.5M
Q4 25
$-2.9M
Q3 25
$-501.0K
$7.6M
Q2 25
$4.5M
$12.0M
Q1 25
$-25.8M
$-141.0M
Q4 24
$-30.8M
Q3 24
$2.3M
$20.4M
Q2 24
$8.9M
$25.7M
Gross Margin
CSTL
CSTL
MSBI
MSBI
Q1 26
Q4 25
79.0%
Q3 25
77.5%
Q2 25
79.5%
Q1 25
81.4%
Q4 24
81.3%
Q3 24
81.8%
Q2 24
83.3%
Operating Margin
CSTL
CSTL
MSBI
MSBI
Q1 26
Q4 25
-4.4%
-5.5%
Q3 25
-8.2%
13.9%
Q2 25
-4.9%
18.1%
Q1 25
-31.7%
-181.2%
Q4 24
4.7%
-66.5%
Q3 24
5.9%
26.9%
Q2 24
5.8%
35.0%
Net Margin
CSTL
CSTL
MSBI
MSBI
Q1 26
23.2%
Q4 25
-4.9%
Q3 25
-0.6%
9.3%
Q2 25
5.2%
14.6%
Q1 25
-29.4%
-185.4%
Q4 24
-52.5%
Q3 24
2.6%
22.1%
Q2 24
10.3%
28.3%
EPS (diluted)
CSTL
CSTL
MSBI
MSBI
Q1 26
$0.74
Q4 25
$-0.06
$-0.22
Q3 25
$-0.02
$0.24
Q2 25
$0.15
$0.44
Q1 25
$-0.90
$-6.58
Q4 24
$0.32
$-1.49
Q3 24
$0.08
$0.83
Q2 24
$0.31
$1.06

Balance Sheet & Financial Strength

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

Metric
CSTL
CSTL
MSBI
MSBI
Cash + ST InvestmentsLiquidity on hand
$299.5M
$89.4M
Total DebtLower is stronger
$10.1M
$33.2M
Stockholders' EquityBook value
$470.9M
$569.5M
Total Assets
$578.6M
$6.5B
Debt / EquityLower = less leverage
0.02×
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSTL
CSTL
MSBI
MSBI
Q1 26
$89.4M
Q4 25
$299.5M
$127.8M
Q3 25
$287.5M
$166.1M
Q2 25
$275.9M
$176.6M
Q1 25
$275.2M
$102.0M
Q4 24
$293.1M
$114.8M
Q3 24
$95.0M
$121.9M
Q2 24
$85.6M
$124.6M
Total Debt
CSTL
CSTL
MSBI
MSBI
Q1 26
$33.2M
Q4 25
$10.1M
Q3 25
$10.0M
Q2 25
$10.0M
Q1 25
$10.0M
Q4 24
$10.0M
Q3 24
$10.0M
Q2 24
$10.0M
Stockholders' Equity
CSTL
CSTL
MSBI
MSBI
Q1 26
$569.5M
Q4 25
$470.9M
$565.5M
Q3 25
$467.0M
$584.0M
Q2 25
$455.4M
$573.7M
Q1 25
$440.3M
$571.4M
Q4 24
$455.8M
$710.8M
Q3 24
$441.1M
$771.2M
Q2 24
$423.9M
$736.8M
Total Assets
CSTL
CSTL
MSBI
MSBI
Q1 26
$6.5B
Q4 25
$578.6M
$6.5B
Q3 25
$562.8M
$6.9B
Q2 25
$544.7M
$7.1B
Q1 25
$501.7M
$7.3B
Q4 24
$531.2M
$7.5B
Q3 24
$514.6M
$7.7B
Q2 24
$487.3M
$7.7B
Debt / Equity
CSTL
CSTL
MSBI
MSBI
Q1 26
0.06×
Q4 25
0.02×
Q3 25
0.02×
Q2 25
0.02×
Q1 25
0.02×
Q4 24
0.02×
Q3 24
0.02×
Q2 24
0.02×

Cash Flow & Capital Efficiency

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

Metric
CSTL
CSTL
MSBI
MSBI
Operating Cash FlowLast quarter
$26.9M
Free Cash FlowOCF − Capex
$19.7M
FCF MarginFCF / Revenue
22.7%
Capex IntensityCapex / Revenue
8.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$28.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSTL
CSTL
MSBI
MSBI
Q1 26
Q4 25
$26.9M
$125.7M
Q3 25
$22.6M
$80.0M
Q2 25
$20.8M
$28.1M
Q1 25
$-6.0M
$24.7M
Q4 24
$24.4M
$176.5M
Q3 24
$23.3M
$46.5M
Q2 24
$24.0M
$31.4M
Free Cash Flow
CSTL
CSTL
MSBI
MSBI
Q1 26
Q4 25
$19.7M
$120.3M
Q3 25
$7.8M
$78.6M
Q2 25
$11.6M
$26.7M
Q1 25
$-10.8M
$22.9M
Q4 24
$16.8M
$169.6M
Q3 24
$17.0M
$44.4M
Q2 24
$18.8M
$29.9M
FCF Margin
CSTL
CSTL
MSBI
MSBI
Q1 26
Q4 25
22.7%
140.6%
Q3 25
9.4%
96.9%
Q2 25
13.4%
32.4%
Q1 25
-12.2%
30.1%
Q4 24
19.5%
180.6%
Q3 24
19.8%
47.9%
Q2 24
21.6%
32.9%
Capex Intensity
CSTL
CSTL
MSBI
MSBI
Q1 26
Q4 25
8.3%
6.2%
Q3 25
17.9%
1.7%
Q2 25
10.7%
1.7%
Q1 25
5.4%
2.4%
Q4 24
8.8%
7.3%
Q3 24
7.4%
2.3%
Q2 24
6.0%
1.7%
Cash Conversion
CSTL
CSTL
MSBI
MSBI
Q1 26
Q4 25
Q3 25
10.58×
Q2 25
4.60×
2.33×
Q1 25
Q4 24
Q3 24
10.29×
2.28×
Q2 24
2.69×
1.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CSTL
CSTL

Dermatologic$48.6M56%
Non Dermatologic$38.4M44%

MSBI
MSBI

Net Interest Income$57.4M72%
Noninterest Income$22.1M28%

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