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Side-by-side financial comparison of Day One Biopharmaceuticals, Inc. (DAWN) and Prairie Operating Co. (PROP). Click either name above to swap in a different company.

Prairie Operating Co. is the larger business by last-quarter revenue ($77.7M vs $39.8M, roughly 2.0× Day One Biopharmaceuticals, Inc.). Prairie Operating Co. runs the higher net margin — 1.7% vs -49.6%, a 51.2% 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.

Prairie Farms Dairy is a dairy cooperative founded in Carlinville, Illinois, and now headquartered in Edwardsville, Illinois. As a dairy cooperative, Prairie Farms receives milk from producers and converts it into many different products, including cheese, butter, ice cream, sour cream, cottage cheese, various dips, yogurt, and fluid milk. Prairie Farms also produces and sells juices, flavored drinks, and pre-made iced tea.

DAWN vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
2.0× larger
PROP
$77.7M
$39.8M
DAWN
Higher net margin
PROP
PROP
51.2% more per $
PROP
1.7%
-49.6%
DAWN

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
DAWN
DAWN
PROP
PROP
Revenue
$39.8M
$77.7M
Net Profit
$-19.7M
$1.3M
Gross Margin
Operating Margin
-60.9%
34.8%
Net Margin
-49.6%
1.7%
Revenue YoY
-57.6%
Net Profit YoY
-153.3%
111.3%
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
PROP
PROP
Q3 25
$39.8M
$77.7M
Q2 25
$33.9M
$68.1M
Q1 25
$30.8M
$13.6M
Q3 24
$93.8M
$0
Q1 24
$0
Q3 23
$0
$458.0K
Q2 23
$179.3K
Q4 22
$0
Net Profit
DAWN
DAWN
PROP
PROP
Q3 25
$-19.7M
$1.3M
Q2 25
$-30.3M
$35.7M
Q1 25
$-36.0M
$-2.6M
Q3 24
$37.0M
$-11.4M
Q1 24
$-62.4M
Q3 23
$-46.1M
$-34.4M
Q2 23
$-21.1M
Q4 22
$-8.0M
Operating Margin
DAWN
DAWN
PROP
PROP
Q3 25
-60.9%
34.8%
Q2 25
-103.1%
27.8%
Q1 25
-133.5%
12.9%
Q3 24
31.6%
Q1 24
Q3 23
-1379.0%
Q2 23
-1593.5%
Q4 22
Net Margin
DAWN
DAWN
PROP
PROP
Q3 25
-49.6%
1.7%
Q2 25
-89.4%
52.4%
Q1 25
-117.0%
-19.3%
Q3 24
39.5%
Q1 24
Q3 23
-7515.2%
Q2 23
-11792.9%
Q4 22
EPS (diluted)
DAWN
DAWN
PROP
PROP
Q3 25
$-0.19
$-0.44
Q2 25
$-0.29
$0.18
Q1 25
$-0.35
$-3.49
Q3 24
$0.38
$-0.68
Q1 24
$-0.72
Q3 23
$-0.54
$-5.24
Q2 23
$-5.39
Q4 22

Balance Sheet & Financial Strength

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

Metric
DAWN
DAWN
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$451.6M
$10.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$450.9M
$101.8M
Total Assets
$513.8M
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAWN
DAWN
PROP
PROP
Q3 25
$451.6M
$10.6M
Q2 25
$453.1M
$10.7M
Q1 25
$473.0M
$15.0M
Q3 24
$558.4M
$40.1M
Q1 24
$317.9M
Q3 23
$405.5M
$7.2M
Q2 23
$8.6M
Q4 22
$79.8K
Total Debt
DAWN
DAWN
PROP
PROP
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q3 24
Q1 24
Q3 23
Q2 23
$2.1M
Q4 22
Stockholders' Equity
DAWN
DAWN
PROP
PROP
Q3 25
$450.9M
$101.8M
Q2 25
$460.8M
$94.2M
Q1 25
$479.5M
$34.0M
Q3 24
$555.5M
$61.3M
Q1 24
$296.8M
Q3 23
$389.6M
$-64.0M
Q2 23
$8.0M
Q4 22
$-6.5M
Total Assets
DAWN
DAWN
PROP
PROP
Q3 25
$513.8M
$939.8M
Q2 25
$519.0M
$858.5M
Q1 25
$534.4M
$775.4M
Q3 24
$600.8M
$107.2M
Q1 24
$326.6M
Q3 23
$414.2M
$40.1M
Q2 23
$16.5M
Q4 22
$1.8M
Debt / Equity
DAWN
DAWN
PROP
PROP
Q3 25
Q2 25
4.11×
Q1 25
11.07×
Q3 24
Q1 24
Q3 23
Q2 23
0.27×
Q4 22

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
PROP
PROP
Operating Cash FlowLast quarter
$-5.8M
$57.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAWN
DAWN
PROP
PROP
Q3 25
$-5.8M
$57.7M
Q2 25
$-24.8M
$-7.2M
Q1 25
$-59.0M
$16.9M
Q3 24
$50.8M
$2.8M
Q1 24
$-49.7M
Q3 23
$-37.1M
$-2.9M
Q2 23
$-5.1M
Q4 22
$-306.1K
Free Cash Flow
DAWN
DAWN
PROP
PROP
Q3 25
Q2 25
$-24.8M
Q1 25
$-59.3M
Q3 24
$50.0M
Q1 24
Q3 23
$-37.1M
Q2 23
Q4 22
FCF Margin
DAWN
DAWN
PROP
PROP
Q3 25
Q2 25
-73.2%
Q1 25
-192.8%
Q3 24
53.4%
Q1 24
Q3 23
Q2 23
Q4 22
Capex Intensity
DAWN
DAWN
PROP
PROP
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q3 24
0.8%
Q1 24
Q3 23
0.0%
Q2 23
Q4 22
Cash Conversion
DAWN
DAWN
PROP
PROP
Q3 25
44.80×
Q2 25
-0.20×
Q1 25
Q3 24
1.37×
Q1 24
Q3 23
Q2 23
Q4 22

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%

PROP
PROP

Crude Oil Sales$64.9M84%
Natural Gas Sales$7.6M10%
Natural Gas Liquids Reserves$5.2M7%

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