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Side-by-side financial comparison of CytomX Therapeutics, Inc. (CTMX) and Laird Superfood, Inc. (LSF). Click either name above to swap in a different company.

CytomX Therapeutics, Inc. is the larger business by last-quarter revenue ($18.7M vs $13.3M, roughly 1.4× Laird Superfood, Inc.). CytomX Therapeutics, Inc. runs the higher net margin — -0.8% vs -13.2%, a 12.4% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs -25.7%). Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% CAGR vs -15.9%).

CytomX Therapeutics is a clinical-stage biotechnology company specializing in innovative cancer immunotherapies. It leverages its proprietary Probody technology platform to develop targeted therapies that activate exclusively in tumor microenvironments, minimizing off-target toxicities, with a pipeline covering multiple solid tumor indications and partnerships with leading global pharmaceutical firms.

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

CTMX vs LSF — Head-to-Head

Bigger by revenue
CTMX
CTMX
1.4× larger
CTMX
$18.7M
$13.3M
LSF
Growing faster (revenue YoY)
LSF
LSF
+40.7% gap
LSF
15.0%
-25.7%
CTMX
Higher net margin
CTMX
CTMX
12.4% more per $
CTMX
-0.8%
-13.2%
LSF
Faster 2-yr revenue CAGR
LSF
LSF
Annualised
LSF
16.1%
-15.9%
CTMX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CTMX
CTMX
LSF
LSF
Revenue
$18.7M
$13.3M
Net Profit
$-154.0K
$-1.8M
Gross Margin
34.1%
Operating Margin
-6.9%
-13.5%
Net Margin
-0.8%
-13.2%
Revenue YoY
-25.7%
15.0%
Net Profit YoY
97.6%
-341.4%
EPS (diluted)

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
CTMX
CTMX
LSF
LSF
Q4 25
$13.3M
Q3 25
$12.9M
Q2 25
$18.7M
$12.0M
Q1 25
$50.9M
$11.7M
Q4 24
$38.1M
$11.6M
Q3 24
$33.4M
$11.8M
Q2 24
$25.1M
$10.0M
Q1 24
$41.5M
$9.9M
Net Profit
CTMX
CTMX
LSF
LSF
Q4 25
$-1.8M
Q3 25
$-975.1K
Q2 25
$-154.0K
$-362.2K
Q1 25
$23.5M
$-156.2K
Q4 24
$18.9M
$-398.4K
Q3 24
$5.7M
$-166.1K
Q2 24
$-6.5M
$-239.1K
Q1 24
$13.8M
$-1.0M
Gross Margin
CTMX
CTMX
LSF
LSF
Q4 25
34.1%
Q3 25
36.5%
Q2 25
39.9%
Q1 25
41.9%
Q4 24
38.6%
Q3 24
43.0%
Q2 24
41.8%
Q1 24
40.0%
Operating Margin
CTMX
CTMX
LSF
LSF
Q4 25
-13.5%
Q3 25
-7.7%
Q2 25
-6.9%
-3.3%
Q1 25
44.4%
-1.9%
Q4 24
46.4%
-4.1%
Q3 24
12.3%
-2.3%
Q2 24
-33.7%
-3.4%
Q1 24
28.1%
-11.0%
Net Margin
CTMX
CTMX
LSF
LSF
Q4 25
-13.2%
Q3 25
-7.6%
Q2 25
-0.8%
-3.0%
Q1 25
46.2%
-1.3%
Q4 24
49.6%
-3.4%
Q3 24
17.2%
-1.4%
Q2 24
-26.0%
-2.4%
Q1 24
33.3%
-10.3%

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
LSF
LSF
Cash + ST InvestmentsLiquidity on hand
$49.0M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$119.9M
$11.5M
Total Assets
$175.1M
$19.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
LSF
LSF
Q4 25
$5.1M
Q3 25
$5.1M
Q2 25
$49.0M
$3.9M
Q1 25
$47.6M
$7.0M
Q4 24
$38.1M
$8.3M
Q3 24
$40.6M
$7.9M
Q2 24
$43.2M
$7.6M
Q1 24
$36.2M
$7.1M
Stockholders' Equity
CTMX
CTMX
LSF
LSF
Q4 25
$11.5M
Q3 25
$12.8M
Q2 25
$119.9M
$13.4M
Q1 25
$25.0M
$13.3M
Q4 24
$-456.0K
$13.2M
Q3 24
$-23.5M
$13.1M
Q2 24
$-31.2M
$12.6M
Q1 24
$-31.7M
$12.7M
Total Assets
CTMX
CTMX
LSF
LSF
Q4 25
$19.2M
Q3 25
$18.9M
Q2 25
$175.1M
$20.4M
Q1 25
$98.5M
$21.5M
Q4 24
$120.5M
$19.3M
Q3 24
$139.0M
$18.8M
Q2 24
$159.2M
$18.0M
Q1 24
$184.7M
$17.6M

Cash Flow & Capital Efficiency

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

Metric
CTMX
CTMX
LSF
LSF
Operating Cash FlowLast quarter
$-15.8M
$68.4K
Free Cash FlowOCF − Capex
$-15.8M
FCF MarginFCF / Revenue
-84.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-77.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTMX
CTMX
LSF
LSF
Q4 25
$68.4K
Q3 25
$1.2M
Q2 25
$-15.8M
$-2.8M
Q1 25
$-21.0M
$-1.3M
Q4 24
$-19.9M
$339.2K
Q3 24
$-20.7M
$305.8K
Q2 24
$-19.5M
$642.7K
Q1 24
$-26.0M
$-422.3K
Free Cash Flow
CTMX
CTMX
LSF
LSF
Q4 25
Q3 25
Q2 25
$-15.8M
Q1 25
$-21.2M
Q4 24
$-20.0M
Q3 24
$-20.7M
Q2 24
$-19.6M
Q1 24
$-26.2M
FCF Margin
CTMX
CTMX
LSF
LSF
Q4 25
Q3 25
Q2 25
-84.6%
Q1 25
-41.6%
Q4 24
-52.5%
Q3 24
-62.1%
Q2 24
-78.2%
Q1 24
-63.1%
Capex Intensity
CTMX
CTMX
LSF
LSF
Q4 25
Q3 25
Q2 25
0.1%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.4%
Q1 24
0.3%
Cash Conversion
CTMX
CTMX
LSF
LSF
Q4 25
Q3 25
Q2 25
Q1 25
-0.89×
Q4 24
-1.05×
Q3 24
-3.61×
Q2 24
Q1 24
-1.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTMX
CTMX

Bristol Myers Squibb Company$11.6M62%
Astellas Pharma Inc$4.6M25%
Regeneron Pharmaceuticals Inc$2.1M11%

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

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