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

FS Bancorp, Inc. is the larger business by last-quarter revenue ($40.0M vs $39.8M, roughly 1.0× Day One Biopharmaceuticals, Inc.). On growth, FS Bancorp, Inc. posted the faster year-over-year revenue change (12.0% 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.

FS Bancorp, Inc. is a U.S.-headquartered bank holding company that serves as the parent of 1st Security Bank of Washington. It offers a full range of personal and commercial banking solutions including deposit products, mortgage loans, small business financing and construction loans, primarily catering to customers in the Pacific Northwest, with core segments covering retail banking, commercial banking and residential lending.

DAWN vs FSBW — Head-to-Head

Bigger by revenue
FSBW
FSBW
1.0× larger
FSBW
$40.0M
$39.8M
DAWN
Growing faster (revenue YoY)
FSBW
FSBW
+69.6% gap
FSBW
12.0%
-57.6%
DAWN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DAWN
DAWN
FSBW
FSBW
Revenue
$39.8M
$40.0M
Net Profit
$-19.7M
Gross Margin
Operating Margin
-60.9%
25.8%
Net Margin
-49.6%
Revenue YoY
-57.6%
12.0%
Net Profit YoY
-153.3%
EPS (diluted)
$-0.19
$1.11

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
FSBW
FSBW
Q4 25
$40.0M
Q3 25
$39.8M
$39.3M
Q2 25
$33.9M
$37.3M
Q1 25
$30.8M
$36.1M
Q4 24
$35.7M
Q3 24
$93.8M
$37.2M
Q2 24
$36.3M
Q1 24
$0
$35.5M
Net Profit
DAWN
DAWN
FSBW
FSBW
Q4 25
Q3 25
$-19.7M
$9.2M
Q2 25
$-30.3M
$7.7M
Q1 25
$-36.0M
$8.0M
Q4 24
Q3 24
$37.0M
$10.3M
Q2 24
$9.0M
Q1 24
$-62.4M
$8.4M
Operating Margin
DAWN
DAWN
FSBW
FSBW
Q4 25
25.8%
Q3 25
-60.9%
29.5%
Q2 25
-103.1%
26.2%
Q1 25
-133.5%
26.2%
Q4 24
27.6%
Q3 24
31.6%
26.5%
Q2 24
31.3%
Q1 24
29.7%
Net Margin
DAWN
DAWN
FSBW
FSBW
Q4 25
Q3 25
-49.6%
23.4%
Q2 25
-89.4%
20.7%
Q1 25
-117.0%
22.2%
Q4 24
Q3 24
39.5%
27.6%
Q2 24
24.7%
Q1 24
23.7%
EPS (diluted)
DAWN
DAWN
FSBW
FSBW
Q4 25
$1.11
Q3 25
$-0.19
$1.18
Q2 25
$-0.29
$0.99
Q1 25
$-0.35
$1.01
Q4 24
$0.88
Q3 24
$0.38
$1.29
Q2 24
$1.13
Q1 24
$-0.72
$1.06

Balance Sheet & Financial Strength

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

Metric
DAWN
DAWN
FSBW
FSBW
Cash + ST InvestmentsLiquidity on hand
$451.6M
$28.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$450.9M
$307.7M
Total Assets
$513.8M
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAWN
DAWN
FSBW
FSBW
Q4 25
$28.2M
Q3 25
$451.6M
$61.3M
Q2 25
$453.1M
$33.2M
Q1 25
$473.0M
$62.7M
Q4 24
$31.6M
Q3 24
$558.4M
$40.3M
Q2 24
$33.0M
Q1 24
$317.9M
$45.4M
Stockholders' Equity
DAWN
DAWN
FSBW
FSBW
Q4 25
$307.7M
Q3 25
$450.9M
$300.5M
Q2 25
$460.8M
$297.2M
Q1 25
$479.5M
$298.8M
Q4 24
$295.8M
Q3 24
$555.5M
$288.9M
Q2 24
$284.0M
Q1 24
$296.8M
$277.9M
Total Assets
DAWN
DAWN
FSBW
FSBW
Q4 25
$3.2B
Q3 25
$513.8M
$3.2B
Q2 25
$519.0M
$3.2B
Q1 25
$534.4M
$3.1B
Q4 24
$3.0B
Q3 24
$600.8M
$3.0B
Q2 24
$2.9B
Q1 24
$326.6M
$3.0B

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
FSBW
FSBW
Operating Cash FlowLast quarter
$-5.8M
$72.3M
Free Cash FlowOCF − Capex
$51.9M
FCF MarginFCF / Revenue
129.8%
Capex IntensityCapex / Revenue
0.0%
50.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAWN
DAWN
FSBW
FSBW
Q4 25
$72.3M
Q3 25
$-5.8M
$44.6M
Q2 25
$-24.8M
$7.1M
Q1 25
$-59.0M
$8.2M
Q4 24
$50.8M
Q3 24
$50.8M
$-891.0K
Q2 24
$9.9M
Q1 24
$-49.7M
$275.0K
Free Cash Flow
DAWN
DAWN
FSBW
FSBW
Q4 25
$51.9M
Q3 25
$41.6M
Q2 25
$-24.8M
$5.9M
Q1 25
$-59.3M
$7.8M
Q4 24
$49.2M
Q3 24
$50.0M
$-1.5M
Q2 24
$9.6M
Q1 24
$-82.0K
FCF Margin
DAWN
DAWN
FSBW
FSBW
Q4 25
129.8%
Q3 25
105.9%
Q2 25
-73.2%
15.7%
Q1 25
-192.8%
21.7%
Q4 24
137.7%
Q3 24
53.4%
-4.1%
Q2 24
26.6%
Q1 24
-0.2%
Capex Intensity
DAWN
DAWN
FSBW
FSBW
Q4 25
50.9%
Q3 25
0.0%
7.7%
Q2 25
0.0%
3.5%
Q1 25
1.0%
1.0%
Q4 24
4.6%
Q3 24
0.8%
1.7%
Q2 24
0.8%
Q1 24
1.0%
Cash Conversion
DAWN
DAWN
FSBW
FSBW
Q4 25
Q3 25
4.86×
Q2 25
0.92×
Q1 25
1.02×
Q4 24
Q3 24
1.37×
-0.09×
Q2 24
1.11×
Q1 24
0.03×

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%

FSBW
FSBW

Segment breakdown not available.

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