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Side-by-side financial comparison of Day One Biopharmaceuticals, Inc. (DAWN) and GLADSTONE COMMERCIAL CORP (GOOD). Click either name above to swap in a different company.

GLADSTONE COMMERCIAL CORP is the larger business by last-quarter revenue ($43.5M vs $39.8M, roughly 1.1× Day One Biopharmaceuticals, Inc.). GLADSTONE COMMERCIAL CORP runs the higher net margin — 12.4% vs -49.6%, a 62.0% gap on every dollar of revenue. On growth, GLADSTONE COMMERCIAL CORP posted the faster year-over-year revenue change (16.3% 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.

Gladstone Commercial Corp is a publicly traded US real estate investment trust focused on acquiring, owning, and operating diversified industrial and commercial properties. It offers long-term net lease agreements to tenants across manufacturing, logistics, healthcare and professional services sectors, mainly serving small to mid-sized business clients.

DAWN vs GOOD — Head-to-Head

Bigger by revenue
GOOD
GOOD
1.1× larger
GOOD
$43.5M
$39.8M
DAWN
Growing faster (revenue YoY)
GOOD
GOOD
+73.8% gap
GOOD
16.3%
-57.6%
DAWN
Higher net margin
GOOD
GOOD
62.0% more per $
GOOD
12.4%
-49.6%
DAWN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DAWN
DAWN
GOOD
GOOD
Revenue
$39.8M
$43.5M
Net Profit
$-19.7M
$5.4M
Gross Margin
Operating Margin
-60.9%
Net Margin
-49.6%
12.4%
Revenue YoY
-57.6%
16.3%
Net Profit YoY
-153.3%
-25.1%
EPS (diluted)
$-0.19
$0.05

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
GOOD
GOOD
Q4 25
$43.5M
Q3 25
$39.8M
$40.8M
Q2 25
$33.9M
$39.5M
Q1 25
$30.8M
$37.5M
Q4 24
$37.4M
Q3 24
$93.8M
$39.2M
Q2 24
$37.1M
Q1 24
$0
$35.7M
Net Profit
DAWN
DAWN
GOOD
GOOD
Q4 25
$5.4M
Q3 25
$-19.7M
$4.1M
Q2 25
$-30.3M
$4.6M
Q1 25
$-36.0M
$5.1M
Q4 24
$7.2M
Q3 24
$37.0M
$11.7M
Q2 24
$1.6M
Q1 24
$-62.4M
$3.5M
Operating Margin
DAWN
DAWN
GOOD
GOOD
Q4 25
Q3 25
-60.9%
Q2 25
-103.1%
Q1 25
-133.5%
Q4 24
Q3 24
31.6%
Q2 24
Q1 24
Net Margin
DAWN
DAWN
GOOD
GOOD
Q4 25
12.4%
Q3 25
-49.6%
10.1%
Q2 25
-89.4%
11.7%
Q1 25
-117.0%
13.7%
Q4 24
19.2%
Q3 24
39.5%
29.8%
Q2 24
4.3%
Q1 24
9.9%
EPS (diluted)
DAWN
DAWN
GOOD
GOOD
Q4 25
$0.05
Q3 25
$-0.19
$0.02
Q2 25
$-0.29
$0.03
Q1 25
$-0.35
$0.04
Q4 24
$0.10
Q3 24
$0.38
$0.20
Q2 24
$-0.04
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
GOOD
GOOD
Cash + ST InvestmentsLiquidity on hand
$451.6M
$10.8M
Total DebtLower is stronger
$843.5M
Stockholders' EquityBook value
$450.9M
$171.8M
Total Assets
$513.8M
$1.2B
Debt / EquityLower = less leverage
4.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAWN
DAWN
GOOD
GOOD
Q4 25
$10.8M
Q3 25
$451.6M
$18.4M
Q2 25
$453.1M
$11.7M
Q1 25
$473.0M
$10.4M
Q4 24
$11.0M
Q3 24
$558.4M
$10.5M
Q2 24
$10.4M
Q1 24
$317.9M
$10.5M
Total Debt
DAWN
DAWN
GOOD
GOOD
Q4 25
$843.5M
Q3 25
$843.3M
Q2 25
$794.4M
Q1 25
$740.7M
Q4 24
$693.4M
Q3 24
$692.6M
Q2 24
$722.5M
Q1 24
$719.4M
Stockholders' Equity
DAWN
DAWN
GOOD
GOOD
Q4 25
$171.8M
Q3 25
$450.9M
$184.8M
Q2 25
$460.8M
$177.2M
Q1 25
$479.5M
$183.2M
Q4 24
$171.2M
Q3 24
$555.5M
$168.9M
Q2 24
$145.7M
Q1 24
$296.8M
$147.3M
Total Assets
DAWN
DAWN
GOOD
GOOD
Q4 25
$1.2B
Q3 25
$513.8M
$1.3B
Q2 25
$519.0M
$1.2B
Q1 25
$534.4M
$1.2B
Q4 24
$1.1B
Q3 24
$600.8M
$1.1B
Q2 24
$1.1B
Q1 24
$326.6M
$1.1B
Debt / Equity
DAWN
DAWN
GOOD
GOOD
Q4 25
4.91×
Q3 25
4.56×
Q2 25
4.48×
Q1 25
4.04×
Q4 24
4.05×
Q3 24
4.10×
Q2 24
4.96×
Q1 24
4.88×

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
GOOD
GOOD
Operating Cash FlowLast quarter
$-5.8M
$88.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
16.38×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAWN
DAWN
GOOD
GOOD
Q4 25
$88.2M
Q3 25
$-5.8M
$18.9M
Q2 25
$-24.8M
$35.8M
Q1 25
$-59.0M
$17.7M
Q4 24
$57.0M
Q3 24
$50.8M
$5.5M
Q2 24
$13.6M
Q1 24
$-49.7M
$15.0M
Free Cash Flow
DAWN
DAWN
GOOD
GOOD
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
GOOD
GOOD
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
GOOD
GOOD
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
GOOD
GOOD
Q4 25
16.38×
Q3 25
4.57×
Q2 25
7.74×
Q1 25
3.44×
Q4 24
7.93×
Q3 24
1.37×
0.47×
Q2 24
8.44×
Q1 24
4.26×

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%

GOOD
GOOD

Segment breakdown not available.

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