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

TRX GOLD Corp is the larger business by last-quarter revenue ($25.1M vs $18.7M, roughly 1.3× CytomX Therapeutics, Inc.). CytomX Therapeutics, Inc. runs the higher net margin — -0.8% vs -2.0%, a 1.1% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs -25.7%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% 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.

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

CTMX vs TRX — Head-to-Head

Bigger by revenue
TRX
TRX
1.3× larger
TRX
$25.1M
$18.7M
CTMX
Growing faster (revenue YoY)
TRX
TRX
+126.2% gap
TRX
100.5%
-25.7%
CTMX
Higher net margin
CTMX
CTMX
1.1% more per $
CTMX
-0.8%
-2.0%
TRX
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
-15.9%
CTMX

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
CTMX
CTMX
TRX
TRX
Revenue
$18.7M
$25.1M
Net Profit
$-154.0K
$-496.0K
Gross Margin
56.6%
Operating Margin
-6.9%
Net Margin
-0.8%
-2.0%
Revenue YoY
-25.7%
100.5%
Net Profit YoY
97.6%
-123.2%
EPS (diluted)
$-0.01

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
TRX
TRX
Q4 25
$25.1M
Q2 25
$18.7M
$12.5M
Q1 25
$50.9M
$9.1M
Q4 24
$38.1M
$12.5M
Q3 24
$33.4M
Q2 24
$25.1M
$10.1M
Q1 24
$41.5M
$8.0M
Q4 23
$26.6M
$9.4M
Net Profit
CTMX
CTMX
TRX
TRX
Q4 25
$-496.0K
Q2 25
$-154.0K
$1.1M
Q1 25
$23.5M
$-1.9M
Q4 24
$18.9M
$2.1M
Q3 24
$5.7M
Q2 24
$-6.5M
$-1.7M
Q1 24
$13.8M
$1.9M
Q4 23
$837.0K
$-39.0K
Gross Margin
CTMX
CTMX
TRX
TRX
Q4 25
56.6%
Q2 25
35.1%
Q1 25
23.5%
Q4 24
38.6%
Q3 24
Q2 24
42.9%
Q1 24
41.0%
Q4 23
39.5%
Operating Margin
CTMX
CTMX
TRX
TRX
Q4 25
Q2 25
-6.9%
Q1 25
44.4%
Q4 24
46.4%
Q3 24
12.3%
Q2 24
-33.7%
Q1 24
28.1%
Q4 23
-2.3%
Net Margin
CTMX
CTMX
TRX
TRX
Q4 25
-2.0%
Q2 25
-0.8%
8.9%
Q1 25
46.2%
-21.3%
Q4 24
49.6%
17.1%
Q3 24
17.2%
Q2 24
-26.0%
-16.3%
Q1 24
33.3%
24.1%
Q4 23
3.1%
-0.4%
EPS (diluted)
CTMX
CTMX
TRX
TRX
Q4 25
$-0.01
Q2 25
$0.00
Q1 25
$-0.01
Q4 24
$0.00
Q3 24
Q2 24
$-0.01
Q1 24
$0.00
Q4 23
$0.00

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$49.0M
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$119.9M
$74.5M
Total Assets
$175.1M
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
TRX
TRX
Q4 25
$9.2M
Q2 25
$49.0M
$3.6M
Q1 25
$47.6M
$6.0M
Q4 24
$38.1M
$6.8M
Q3 24
$40.6M
Q2 24
$43.2M
$7.7M
Q1 24
$36.2M
$8.0M
Q4 23
$17.2M
$8.3M
Stockholders' Equity
CTMX
CTMX
TRX
TRX
Q4 25
$74.5M
Q2 25
$119.9M
$69.0M
Q1 25
$25.0M
$67.5M
Q4 24
$-456.0K
$68.4M
Q3 24
$-23.5M
Q2 24
$-31.2M
$62.5M
Q1 24
$-31.7M
$63.9M
Q4 23
$-47.4M
$61.5M
Total Assets
CTMX
CTMX
TRX
TRX
Q4 25
$129.6M
Q2 25
$175.1M
$112.3M
Q1 25
$98.5M
$106.7M
Q4 24
$120.5M
$102.6M
Q3 24
$139.0M
Q2 24
$159.2M
$92.6M
Q1 24
$184.7M
$88.2M
Q4 23
$201.8M
$87.1M

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
TRX
TRX
Operating Cash FlowLast quarter
$-15.8M
$4.0M
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
TRX
TRX
Q4 25
$4.0M
Q2 25
$-15.8M
$3.4M
Q1 25
$-21.0M
$2.0M
Q4 24
$-19.9M
$2.4M
Q3 24
$-20.7M
Q2 24
$-19.5M
$3.1M
Q1 24
$-26.0M
$1.0M
Q4 23
$-22.0M
$5.1M
Free Cash Flow
CTMX
CTMX
TRX
TRX
Q4 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
Q4 23
$-22.2M
FCF Margin
CTMX
CTMX
TRX
TRX
Q4 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%
Q4 23
-83.5%
Capex Intensity
CTMX
CTMX
TRX
TRX
Q4 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%
Q4 23
1.0%
Cash Conversion
CTMX
CTMX
TRX
TRX
Q4 25
Q2 25
3.10×
Q1 25
-0.89×
Q4 24
-1.05×
1.11×
Q3 24
-3.61×
Q2 24
Q1 24
-1.89×
0.54×
Q4 23
-26.24×

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%

TRX
TRX

Segment breakdown not available.

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