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Side-by-side financial comparison of Day One Biopharmaceuticals, Inc. (DAWN) and Primis Financial Corp. (FRST). Click either name above to swap in a different company.

Primis Financial Corp. is the larger business by last-quarter revenue ($45.6M vs $39.8M, roughly 1.1× Day One Biopharmaceuticals, Inc.). Primis Financial Corp. runs the higher net margin — 16.0% vs -49.6%, a 65.6% gap on every dollar of revenue.

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.

Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.

DAWN vs FRST — Head-to-Head

Bigger by revenue
FRST
FRST
1.1× larger
FRST
$45.6M
$39.8M
DAWN
Higher net margin
FRST
FRST
65.6% more per $
FRST
16.0%
-49.6%
DAWN

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
DAWN
DAWN
FRST
FRST
Revenue
$39.8M
$45.6M
Net Profit
$-19.7M
$7.3M
Gross Margin
Operating Margin
-60.9%
Net Margin
-49.6%
16.0%
Revenue YoY
-57.6%
Net Profit YoY
-153.3%
200.0%
EPS (diluted)
$-0.19
$0.30

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
FRST
FRST
Q1 26
$45.6M
Q4 25
$80.9M
Q3 25
$39.8M
$41.0M
Q2 25
$33.9M
$43.2M
Q1 25
$30.8M
$58.7M
Q4 24
$38.8M
Q3 24
$93.8M
$37.3M
Q2 24
$35.7M
Net Profit
DAWN
DAWN
FRST
FRST
Q1 26
$7.3M
Q4 25
$29.5M
Q3 25
$-19.7M
$6.8M
Q2 25
$-30.3M
$2.4M
Q1 25
$-36.0M
$22.6M
Q4 24
$-26.2M
Q3 24
$37.0M
$1.2M
Q2 24
$3.4M
Operating Margin
DAWN
DAWN
FRST
FRST
Q1 26
Q4 25
44.8%
Q3 25
-60.9%
21.3%
Q2 25
-103.1%
6.9%
Q1 25
-133.5%
41.9%
Q4 24
-123.0%
Q3 24
31.6%
-3.1%
Q2 24
7.8%
Net Margin
DAWN
DAWN
FRST
FRST
Q1 26
16.0%
Q4 25
36.5%
Q3 25
-49.6%
16.7%
Q2 25
-89.4%
5.6%
Q1 25
-117.0%
38.6%
Q4 24
-100.3%
Q3 24
39.5%
3.3%
Q2 24
9.6%
EPS (diluted)
DAWN
DAWN
FRST
FRST
Q1 26
$0.30
Q4 25
$1.19
Q3 25
$-0.19
$0.28
Q2 25
$-0.29
$0.10
Q1 25
$-0.35
$0.92
Q4 24
$-0.95
Q3 24
$0.38
$0.05
Q2 24
$0.14

Balance Sheet & Financial Strength

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

Metric
DAWN
DAWN
FRST
FRST
Cash + ST InvestmentsLiquidity on hand
$451.6M
$159.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$450.9M
$427.2M
Total Assets
$513.8M
$4.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAWN
DAWN
FRST
FRST
Q1 26
$159.9M
Q4 25
$143.6M
Q3 25
$451.6M
$63.9M
Q2 25
$453.1M
$94.1M
Q1 25
$473.0M
$57.0M
Q4 24
$64.5M
Q3 24
$558.4M
$77.3M
Q2 24
$66.6M
Stockholders' Equity
DAWN
DAWN
FRST
FRST
Q1 26
$427.2M
Q4 25
$422.9M
Q3 25
$450.9M
$382.2M
Q2 25
$460.8M
$376.4M
Q1 25
$479.5M
$375.6M
Q4 24
$351.8M
Q3 24
$555.5M
$381.0M
Q2 24
$376.0M
Total Assets
DAWN
DAWN
FRST
FRST
Q1 26
$4.3B
Q4 25
$4.0B
Q3 25
$513.8M
$4.0B
Q2 25
$519.0M
$3.9B
Q1 25
$534.4M
$3.7B
Q4 24
$3.7B
Q3 24
$600.8M
$4.0B
Q2 24
$4.0B

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
FRST
FRST
Operating Cash FlowLast quarter
$-5.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAWN
DAWN
FRST
FRST
Q1 26
Q4 25
$10.8M
Q3 25
$-5.8M
$-11.4M
Q2 25
$-24.8M
$-41.0M
Q1 25
$-59.0M
$34.4M
Q4 24
$19.5M
Q3 24
$50.8M
$6.1M
Q2 24
$52.3M
Free Cash Flow
DAWN
DAWN
FRST
FRST
Q1 26
Q4 25
$9.0M
Q3 25
Q2 25
$-24.8M
Q1 25
$-59.3M
Q4 24
$18.3M
Q3 24
$50.0M
Q2 24
FCF Margin
DAWN
DAWN
FRST
FRST
Q1 26
Q4 25
11.2%
Q3 25
Q2 25
-73.2%
Q1 25
-192.8%
Q4 24
47.3%
Q3 24
53.4%
Q2 24
Capex Intensity
DAWN
DAWN
FRST
FRST
Q1 26
Q4 25
2.1%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q4 24
3.1%
Q3 24
0.8%
0.0%
Q2 24
0.0%
Cash Conversion
DAWN
DAWN
FRST
FRST
Q1 26
Q4 25
0.36×
Q3 25
-1.67×
Q2 25
-16.82×
Q1 25
1.52×
Q4 24
Q3 24
1.37×
4.93×
Q2 24
15.21×

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%

FRST
FRST

Net Interest Income$32.1M70%
Noninterest Income$13.6M30%

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