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Side-by-side financial comparison of Day One Biopharmaceuticals, Inc. (DAWN) and Farmland Partners Inc. (FPI). Click either name above to swap in a different company.

Day One Biopharmaceuticals, Inc. is the larger business by last-quarter revenue ($39.8M vs $20.7M, roughly 1.9× Farmland Partners Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -49.6%, a 153.0% gap on every dollar of revenue. On growth, Farmland Partners Inc. posted the faster year-over-year revenue change (-3.5% vs -57.6%).

Day One Biopharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing targeted precision oncology therapies for pediatric and young adult patients with genetically driven cancers. It advances novel drug candidates to address unmet medical needs in underserved patient segments, operating primarily in the U.S. and partnering with global oncology research institutions.

Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.

DAWN vs FPI — Head-to-Head

Bigger by revenue
DAWN
DAWN
1.9× larger
DAWN
$39.8M
$20.7M
FPI
Growing faster (revenue YoY)
FPI
FPI
+54.0% gap
FPI
-3.5%
-57.6%
DAWN
Higher net margin
FPI
FPI
153.0% more per $
FPI
103.4%
-49.6%
DAWN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DAWN
DAWN
FPI
FPI
Revenue
$39.8M
$20.7M
Net Profit
$-19.7M
$21.4M
Gross Margin
Operating Margin
-60.9%
Net Margin
-49.6%
103.4%
Revenue YoY
-57.6%
-3.5%
Net Profit YoY
-153.3%
-63.5%
EPS (diluted)
$-0.19
$0.44

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
DAWN
DAWN
FPI
FPI
Q4 25
$20.7M
Q3 25
$39.8M
$11.3M
Q2 25
$33.9M
$10.0M
Q1 25
$30.8M
$10.3M
Q4 24
$21.5M
Q3 24
$93.8M
$13.3M
Q2 24
$11.4M
Q1 24
$0
$12.0M
Net Profit
DAWN
DAWN
FPI
FPI
Q4 25
$21.4M
Q3 25
$-19.7M
$483.0K
Q2 25
$-30.3M
$7.6M
Q1 25
$-36.0M
$2.0M
Q4 24
$58.7M
Q3 24
$37.0M
$1.8M
Q2 24
$-2.0M
Q1 24
$-62.4M
$1.4M
Operating Margin
DAWN
DAWN
FPI
FPI
Q4 25
Q3 25
-60.9%
4.3%
Q2 25
-103.1%
78.2%
Q1 25
-133.5%
20.6%
Q4 24
Q3 24
31.6%
13.9%
Q2 24
-17.9%
Q1 24
11.9%
Net Margin
DAWN
DAWN
FPI
FPI
Q4 25
103.4%
Q3 25
-49.6%
4.3%
Q2 25
-89.4%
76.3%
Q1 25
-117.0%
19.9%
Q4 24
273.6%
Q3 24
39.5%
13.5%
Q2 24
-17.5%
Q1 24
11.5%
EPS (diluted)
DAWN
DAWN
FPI
FPI
Q4 25
$0.44
Q3 25
$-0.19
$0.00
Q2 25
$-0.29
$0.14
Q1 25
$-0.35
$0.03
Q4 24
$1.09
Q3 24
$0.38
$0.02
Q2 24
$-0.06
Q1 24
$-0.72
$0.01

Balance Sheet & Financial Strength

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

Metric
DAWN
DAWN
FPI
FPI
Cash + ST InvestmentsLiquidity on hand
$451.6M
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$450.9M
$467.4M
Total Assets
$513.8M
$719.1M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAWN
DAWN
FPI
FPI
Q4 25
Q3 25
$451.6M
Q2 25
$453.1M
Q1 25
$473.0M
Q4 24
Q3 24
$558.4M
Q2 24
Q1 24
$317.9M
Total Debt
DAWN
DAWN
FPI
FPI
Q4 25
$161.6M
Q3 25
$170.4M
Q2 25
$193.4M
Q1 25
$202.6M
Q4 24
$204.6M
Q3 24
$394.0M
Q2 24
$393.0M
Q1 24
$383.0M
Stockholders' Equity
DAWN
DAWN
FPI
FPI
Q4 25
$467.4M
Q3 25
$450.9M
$457.3M
Q2 25
$460.8M
$473.5M
Q1 25
$479.5M
$492.2M
Q4 24
$494.6M
Q3 24
$555.5M
$519.4M
Q2 24
$521.5M
Q1 24
$296.8M
$526.7M
Total Assets
DAWN
DAWN
FPI
FPI
Q4 25
$719.1M
Q3 25
$513.8M
$738.5M
Q2 25
$519.0M
$776.7M
Q1 25
$534.4M
$810.5M
Q4 24
$869.6M
Q3 24
$600.8M
$1.0B
Q2 24
$1.0B
Q1 24
$326.6M
$1.0B
Debt / Equity
DAWN
DAWN
FPI
FPI
Q4 25
0.35×
Q3 25
0.37×
Q2 25
0.41×
Q1 25
0.41×
Q4 24
0.41×
Q3 24
0.76×
Q2 24
0.75×
Q1 24
0.73×

Cash Flow & Capital Efficiency

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

Metric
DAWN
DAWN
FPI
FPI
Operating Cash FlowLast quarter
$-5.8M
$17.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAWN
DAWN
FPI
FPI
Q4 25
$17.4M
Q3 25
$-5.8M
$-2.0M
Q2 25
$-24.8M
$-2.2M
Q1 25
$-59.0M
$6.4M
Q4 24
$16.1M
Q3 24
$50.8M
$-4.3M
Q2 24
$-6.1M
Q1 24
$-49.7M
$11.9M
Free Cash Flow
DAWN
DAWN
FPI
FPI
Q4 25
Q3 25
Q2 25
$-24.8M
Q1 25
$-59.3M
Q4 24
Q3 24
$50.0M
Q2 24
Q1 24
FCF Margin
DAWN
DAWN
FPI
FPI
Q4 25
Q3 25
Q2 25
-73.2%
Q1 25
-192.8%
Q4 24
Q3 24
53.4%
Q2 24
Q1 24
Capex Intensity
DAWN
DAWN
FPI
FPI
Q4 25
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q4 24
Q3 24
0.8%
Q2 24
Q1 24
Cash Conversion
DAWN
DAWN
FPI
FPI
Q4 25
0.81×
Q3 25
-4.04×
Q2 25
-0.29×
Q1 25
3.12×
Q4 24
0.27×
Q3 24
1.37×
-2.39×
Q2 24
Q1 24
8.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DAWN
DAWN

Products$38.5M97%
License Agreement With Ipsen Pharma Sas$1.3M3%

FPI
FPI

Segment breakdown not available.

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