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

Entrada Therapeutics, Inc. is the larger business by last-quarter revenue ($20.6M vs $18.7M, roughly 1.1× CytomX Therapeutics, Inc.). CytomX Therapeutics, Inc. runs the higher net margin — -0.8% vs -84.4%, a 83.6% gap on every dollar of revenue. On growth, CytomX Therapeutics, Inc. posted the faster year-over-year revenue change (-25.7% vs -65.2%). CytomX Therapeutics, Inc. produced more free cash flow last quarter ($-15.8M vs $-39.7M). Over the past eight quarters, Entrada Therapeutics, Inc.'s revenue compounded faster (6.4% 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.

Entrada Therapeutics is a clinical-stage biotechnology firm developing transformative intracellular therapies for serious rare diseases and high-unmet-need disorders. Its pipeline covers neuromuscular, metabolic, and central nervous system segments, serving global patients via healthcare partnerships.

CTMX vs TRDA — Head-to-Head

Bigger by revenue
TRDA
TRDA
1.1× larger
TRDA
$20.6M
$18.7M
CTMX
Growing faster (revenue YoY)
CTMX
CTMX
+39.5% gap
CTMX
-25.7%
-65.2%
TRDA
Higher net margin
CTMX
CTMX
83.6% more per $
CTMX
-0.8%
-84.4%
TRDA
More free cash flow
CTMX
CTMX
$23.9M more FCF
CTMX
$-15.8M
$-39.7M
TRDA
Faster 2-yr revenue CAGR
TRDA
TRDA
Annualised
TRDA
6.4%
-15.9%
CTMX

Income Statement — Q2 FY2025 vs Q1 FY2025

Metric
CTMX
CTMX
TRDA
TRDA
Revenue
$18.7M
$20.6M
Net Profit
$-154.0K
$-17.3M
Gross Margin
Operating Margin
-6.9%
-106.0%
Net Margin
-0.8%
-84.4%
Revenue YoY
-25.7%
-65.2%
Net Profit YoY
97.6%
-173.8%
EPS (diluted)
$-0.42

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
TRDA
TRDA
Q2 25
$18.7M
Q1 25
$50.9M
$20.6M
Q4 24
$38.1M
$37.4M
Q3 24
$33.4M
$19.6M
Q2 24
$25.1M
$94.7M
Q1 24
$41.5M
$59.1M
Q4 23
$26.6M
$41.8M
Q3 23
$26.4M
$43.7M
Net Profit
CTMX
CTMX
TRDA
TRDA
Q2 25
$-154.0K
Q1 25
$23.5M
$-17.3M
Q4 24
$18.9M
$1.1M
Q3 24
$5.7M
$-14.0M
Q2 24
$-6.5M
$55.0M
Q1 24
$13.8M
$23.5M
Q4 23
$837.0K
$-9.5M
Q3 23
$3.0M
$35.5M
Operating Margin
CTMX
CTMX
TRDA
TRDA
Q2 25
-6.9%
Q1 25
44.4%
-106.0%
Q4 24
46.4%
-15.7%
Q3 24
12.3%
-110.7%
Q2 24
-33.7%
56.4%
Q1 24
28.1%
35.7%
Q4 23
-2.3%
11.7%
Q3 23
11.8%
32.0%
Net Margin
CTMX
CTMX
TRDA
TRDA
Q2 25
-0.8%
Q1 25
46.2%
-84.4%
Q4 24
49.6%
3.0%
Q3 24
17.2%
-71.7%
Q2 24
-26.0%
58.1%
Q1 24
33.3%
39.7%
Q4 23
3.1%
-22.8%
Q3 23
11.3%
81.1%
EPS (diluted)
CTMX
CTMX
TRDA
TRDA
Q2 25
Q1 25
$-0.42
Q4 24
$-0.20
Q3 24
$-0.35
Q2 24
$1.55
Q1 24
$0.68
Q4 23
$-0.23
Q3 23
$1.02

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
TRDA
TRDA
Cash + ST InvestmentsLiquidity on hand
$49.0M
$67.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$119.9M
$417.3M
Total Assets
$175.1M
$486.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
TRDA
TRDA
Q2 25
$49.0M
Q1 25
$47.6M
$67.8M
Q4 24
$38.1M
$101.2M
Q3 24
$40.6M
$78.0M
Q2 24
$43.2M
$185.3M
Q1 24
$36.2M
$68.4M
Q4 23
$17.2M
$67.6M
Q3 23
$26.0M
$51.9M
Stockholders' Equity
CTMX
CTMX
TRDA
TRDA
Q2 25
$119.9M
Q1 25
$25.0M
$417.3M
Q4 24
$-456.0K
$428.7M
Q3 24
$-23.5M
$422.4M
Q2 24
$-31.2M
$429.9M
Q1 24
$-31.7M
$269.4M
Q4 23
$-47.4M
$242.4M
Q3 23
$-51.2M
$246.7M
Total Assets
CTMX
CTMX
TRDA
TRDA
Q2 25
$175.1M
Q1 25
$98.5M
$486.5M
Q4 24
$120.5M
$526.3M
Q3 24
$139.0M
$554.6M
Q2 24
$159.2M
$582.0M
Q1 24
$184.7M
$510.8M
Q4 23
$201.8M
$469.2M
Q3 23
$221.2M
$485.0M

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
TRDA
TRDA
Operating Cash FlowLast quarter
$-15.8M
$-38.5M
Free Cash FlowOCF − Capex
$-15.8M
$-39.7M
FCF MarginFCF / Revenue
-84.6%
-192.9%
Capex IntensityCapex / Revenue
0.1%
5.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-77.7M
$-58.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTMX
CTMX
TRDA
TRDA
Q2 25
$-15.8M
Q1 25
$-21.0M
$-38.5M
Q4 24
$-19.9M
$-31.6M
Q3 24
$-20.7M
$-24.3M
Q2 24
$-19.5M
$39.8M
Q1 24
$-26.0M
$-25.5M
Q4 23
$-22.0M
$-4.0M
Q3 23
$-18.2M
$-24.5M
Free Cash Flow
CTMX
CTMX
TRDA
TRDA
Q2 25
$-15.8M
Q1 25
$-21.2M
$-39.7M
Q4 24
$-20.0M
$-32.2M
Q3 24
$-20.7M
$-24.9M
Q2 24
$-19.6M
$38.8M
Q1 24
$-26.2M
$-26.4M
Q4 23
$-22.2M
$-5.0M
Q3 23
$-18.3M
$-25.9M
FCF Margin
CTMX
CTMX
TRDA
TRDA
Q2 25
-84.6%
Q1 25
-41.6%
-192.9%
Q4 24
-52.5%
-86.2%
Q3 24
-62.1%
-127.3%
Q2 24
-78.2%
41.0%
Q1 24
-63.1%
-44.6%
Q4 23
-83.5%
-11.9%
Q3 23
-69.2%
-59.3%
Capex Intensity
CTMX
CTMX
TRDA
TRDA
Q2 25
0.1%
Q1 25
0.2%
5.6%
Q4 24
0.2%
1.7%
Q3 24
0.1%
3.3%
Q2 24
0.4%
1.1%
Q1 24
0.3%
1.4%
Q4 23
1.0%
2.3%
Q3 23
0.0%
3.3%
Cash Conversion
CTMX
CTMX
TRDA
TRDA
Q2 25
Q1 25
-0.89×
Q4 24
-1.05×
-27.94×
Q3 24
-3.61×
Q2 24
0.72×
Q1 24
-1.89×
-1.09×
Q4 23
-26.24×
Q3 23
-6.10×
-0.69×

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%

TRDA
TRDA

Segment breakdown not available.

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