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Side-by-side financial comparison of Day One Biopharmaceuticals, Inc. (DAWN) and GYRE THERAPEUTICS, INC. (GYRE). 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 $37.2M, roughly 1.1× GYRE THERAPEUTICS, INC.). GYRE THERAPEUTICS, INC. runs the higher net margin — -3.7% vs -49.6%, a 45.9% gap on every dollar of revenue. On growth, GYRE THERAPEUTICS, INC. posted the faster year-over-year revenue change (33.4% 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.

GYRE Therapeutics, Inc. is a clinical-stage biopharmaceutical company dedicated to developing novel targeted therapies for hard-to-treat hematologic malignancies and solid tumors. It focuses on precision oncology to address unmet patient needs, with operations primarily based in North America.

DAWN vs GYRE — Head-to-Head

Bigger by revenue
DAWN
DAWN
1.1× larger
DAWN
$39.8M
$37.2M
GYRE
Growing faster (revenue YoY)
GYRE
GYRE
+91.0% gap
GYRE
33.4%
-57.6%
DAWN
Higher net margin
GYRE
GYRE
45.9% more per $
GYRE
-3.7%
-49.6%
DAWN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DAWN
DAWN
GYRE
GYRE
Revenue
$39.8M
$37.2M
Net Profit
$-19.7M
$-1.4M
Gross Margin
95.3%
Operating Margin
-60.9%
0.3%
Net Margin
-49.6%
-3.7%
Revenue YoY
-57.6%
33.4%
Net Profit YoY
-153.3%
-340.1%
EPS (diluted)
$-0.19
$-0.01

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
GYRE
GYRE
Q4 25
$37.2M
Q3 25
$39.8M
$30.6M
Q2 25
$33.9M
$26.8M
Q1 25
$30.8M
$22.1M
Q4 24
$27.9M
Q3 24
$93.8M
$25.5M
Q2 24
$25.2M
Q1 24
$0
$27.2M
Net Profit
DAWN
DAWN
GYRE
GYRE
Q4 25
$-1.4M
Q3 25
$-19.7M
$5.9M
Q2 25
$-30.3M
$1.6M
Q1 25
$-36.0M
$3.7M
Q4 24
$569.0K
Q3 24
$37.0M
$2.9M
Q2 24
$4.5M
Q1 24
$-62.4M
$9.9M
Gross Margin
DAWN
DAWN
GYRE
GYRE
Q4 25
95.3%
Q3 25
94.7%
Q2 25
95.7%
Q1 25
95.9%
Q4 24
95.8%
Q3 24
96.2%
Q2 24
96.9%
Q1 24
96.4%
Operating Margin
DAWN
DAWN
GYRE
GYRE
Q4 25
0.3%
Q3 25
-60.9%
22.7%
Q2 25
-103.1%
8.1%
Q1 25
-133.5%
10.3%
Q4 24
2.4%
Q3 24
31.6%
16.6%
Q2 24
12.7%
Q1 24
29.7%
Net Margin
DAWN
DAWN
GYRE
GYRE
Q4 25
-3.7%
Q3 25
-49.6%
19.4%
Q2 25
-89.4%
5.9%
Q1 25
-117.0%
16.9%
Q4 24
2.0%
Q3 24
39.5%
11.2%
Q2 24
18.0%
Q1 24
36.6%
EPS (diluted)
DAWN
DAWN
GYRE
GYRE
Q4 25
$-0.01
Q3 25
$-0.19
$0.03
Q2 25
$-0.29
$0.00
Q1 25
$-0.35
$0.00
Q4 24
$0.00
Q3 24
$0.38
$0.01
Q2 24
$0.01
Q1 24
$-0.72
$0.03

Balance Sheet & Financial Strength

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

Metric
DAWN
DAWN
GYRE
GYRE
Cash + ST InvestmentsLiquidity on hand
$451.6M
$52.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$450.9M
$106.0M
Total Assets
$513.8M
$166.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAWN
DAWN
GYRE
GYRE
Q4 25
$52.4M
Q3 25
$451.6M
$60.0M
Q2 25
$453.1M
$54.4M
Q1 25
$473.0M
$29.9M
Q4 24
$26.7M
Q3 24
$558.4M
$25.1M
Q2 24
$25.1M
Q1 24
$317.9M
$37.4M
Stockholders' Equity
DAWN
DAWN
GYRE
GYRE
Q4 25
$106.0M
Q3 25
$450.9M
$101.9M
Q2 25
$460.8M
$92.0M
Q1 25
$479.5M
$68.1M
Q4 24
$63.3M
Q3 24
$555.5M
$63.2M
Q2 24
$60.4M
Q1 24
$296.8M
$56.6M
Total Assets
DAWN
DAWN
GYRE
GYRE
Q4 25
$166.1M
Q3 25
$513.8M
$159.4M
Q2 25
$519.0M
$152.6M
Q1 25
$534.4M
$129.8M
Q4 24
$125.4M
Q3 24
$600.8M
$125.2M
Q2 24
$120.9M
Q1 24
$326.6M
$122.0M

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
GYRE
GYRE
Operating Cash FlowLast quarter
$-5.8M
$-5.6M
Free Cash FlowOCF − Capex
$-5.8M
FCF MarginFCF / Revenue
-15.5%
Capex IntensityCapex / Revenue
0.0%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-180.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAWN
DAWN
GYRE
GYRE
Q4 25
$-5.6M
Q3 25
$-5.8M
$4.7M
Q2 25
$-24.8M
$2.1M
Q1 25
$-59.0M
$-129.0K
Q4 24
$-2.8M
Q3 24
$50.8M
$1.7M
Q2 24
$-5.5M
Q1 24
$-49.7M
$2.9M
Free Cash Flow
DAWN
DAWN
GYRE
GYRE
Q4 25
$-5.8M
Q3 25
$4.0M
Q2 25
$-24.8M
$1.8M
Q1 25
$-59.3M
$-251.0K
Q4 24
$-2.8M
Q3 24
$50.0M
$1.0M
Q2 24
$-6.9M
Q1 24
$2.7M
FCF Margin
DAWN
DAWN
GYRE
GYRE
Q4 25
-15.5%
Q3 25
13.1%
Q2 25
-73.2%
6.8%
Q1 25
-192.8%
-1.1%
Q4 24
-10.1%
Q3 24
53.4%
4.1%
Q2 24
-27.5%
Q1 24
9.8%
Capex Intensity
DAWN
DAWN
GYRE
GYRE
Q4 25
0.4%
Q3 25
0.0%
2.2%
Q2 25
0.0%
1.0%
Q1 25
1.0%
0.6%
Q4 24
0.2%
Q3 24
0.8%
2.7%
Q2 24
5.8%
Q1 24
0.9%
Cash Conversion
DAWN
DAWN
GYRE
GYRE
Q4 25
Q3 25
0.79×
Q2 25
1.32×
Q1 25
-0.03×
Q4 24
-4.85×
Q3 24
1.37×
0.60×
Q2 24
-1.21×
Q1 24
0.29×

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%

GYRE
GYRE

Segment breakdown not available.

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