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Side-by-side financial comparison of Dare Bioscience, Inc. (DARE) and ORGANIGRAM GLOBAL INC. (OGI). Click either name above to swap in a different company.

ORGANIGRAM GLOBAL INC. is the larger business by last-quarter revenue ($39.6K vs $25.4K, roughly 1.6× Dare Bioscience, Inc.). ORGANIGRAM GLOBAL INC. runs the higher net margin — -192.9% vs -17219.1%, a 17026.2% gap on every dollar of revenue. ORGANIGRAM GLOBAL INC. produced more free cash flow last quarter ($-19.9K vs $-5.6M).

Dare Bioscience, Inc. is a clinical-stage biopharmaceutical company focused on women’s health solutions. It develops innovative therapies for gynecological conditions, reproductive health, and sexual wellness, targeting unmet medical needs primarily in the U.S. market, with plans to expand to other global developed markets.

Organigram Global Inc. is a leading Canadian producer of high-quality recreational and medical cannabis products. It offers a diverse portfolio of dried flower, edibles, vape products and pre-rolls, primarily serving the domestic Canadian market while expanding operations in select international markets including parts of Europe.

DARE vs OGI — Head-to-Head

Bigger by revenue
OGI
OGI
1.6× larger
OGI
$39.6K
$25.4K
DARE
Higher net margin
OGI
OGI
17026.2% more per $
OGI
-192.9%
-17219.1%
DARE
More free cash flow
OGI
OGI
$5.6M more FCF
OGI
$-19.9K
$-5.6M
DARE

Income Statement — Q1 FY2025 vs Q3 FY2022

Metric
DARE
DARE
OGI
OGI
Revenue
$25.4K
$39.6K
Net Profit
$-4.4M
$-76.5K
Gross Margin
Operating Margin
-18016.7%
-128.4%
Net Margin
-17219.1%
-192.9%
Revenue YoY
173.3%
Net Profit YoY
35.2%
EPS (diluted)
$-0.50

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
DARE
DARE
OGI
OGI
Q1 25
$25.4K
Q3 24
$41.7K
Q2 24
$22.4K
Q1 24
$9.3K
Q2 22
$39.6K
Net Profit
DARE
DARE
OGI
OGI
Q1 25
$-4.4M
Q3 24
$-4.7M
Q2 24
$12.9M
Q1 24
$-6.8M
Q2 22
$-76.5K
Operating Margin
DARE
DARE
OGI
OGI
Q1 25
-18016.7%
Q3 24
-11228.7%
Q2 24
-32799.1%
Q1 24
-64743.9%
Q2 22
-128.4%
Net Margin
DARE
DARE
OGI
OGI
Q1 25
-17219.1%
Q3 24
-11279.4%
Q2 24
57539.2%
Q1 24
-72622.6%
Q2 22
-192.9%
EPS (diluted)
DARE
DARE
OGI
OGI
Q1 25
$-0.50
Q3 24
$-0.55
Q2 24
$1.52
Q1 24
$-0.81
Q2 22

Balance Sheet & Financial Strength

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

Metric
DARE
DARE
OGI
OGI
Cash + ST InvestmentsLiquidity on hand
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-9.6M
Total Assets
$18.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DARE
DARE
OGI
OGI
Q1 25
$10.3M
Q3 24
$11.2M
Q2 24
$16.4M
Q1 24
$3.6M
Q2 22
Stockholders' Equity
DARE
DARE
OGI
OGI
Q1 25
$-9.6M
Q3 24
$-1.5M
Q2 24
$2.7M
Q1 24
$-11.0M
Q2 22
Total Assets
DARE
DARE
OGI
OGI
Q1 25
$18.6M
Q3 24
$18.1M
Q2 24
$23.6M
Q1 24
$13.0M
Q2 22

Cash Flow & Capital Efficiency

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

Metric
DARE
DARE
OGI
OGI
Operating Cash FlowLast quarter
$-5.5M
$-15.2K
Free Cash FlowOCF − Capex
$-5.6M
$-19.9K
FCF MarginFCF / Revenue
-22133.5%
-50.2%
Capex IntensityCapex / Revenue
618.8%
11.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DARE
DARE
OGI
OGI
Q1 25
$-5.5M
Q3 24
$-5.9M
Q2 24
$12.9M
Q1 24
$-6.8M
Q2 22
$-15.2K
Free Cash Flow
DARE
DARE
OGI
OGI
Q1 25
$-5.6M
Q3 24
$-6.2M
Q2 24
$12.6M
Q1 24
$-6.8M
Q2 22
$-19.9K
FCF Margin
DARE
DARE
OGI
OGI
Q1 25
-22133.5%
Q3 24
-14886.7%
Q2 24
56241.5%
Q1 24
-73320.3%
Q2 22
-50.2%
Capex Intensity
DARE
DARE
OGI
OGI
Q1 25
618.8%
Q3 24
677.2%
Q2 24
1271.2%
Q1 24
78.4%
Q2 22
11.8%
Cash Conversion
DARE
DARE
OGI
OGI
Q1 25
Q3 24
Q2 24
1.00×
Q1 24
Q2 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

DARE
DARE

Segment breakdown not available.

OGI
OGI

Unrealized gain on changes in fair value of biological assets (Note 7)$20.1K51%
Other$19.6K49%

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