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Side-by-side financial comparison of Day One Biopharmaceuticals, Inc. (DAWN) and TRX GOLD Corp (TRX). 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 $25.1M, roughly 1.6× TRX GOLD Corp). TRX GOLD Corp runs the higher net margin — -2.0% vs -49.6%, a 47.6% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% 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.

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

DAWN vs TRX — Head-to-Head

Bigger by revenue
DAWN
DAWN
1.6× larger
DAWN
$39.8M
$25.1M
TRX
Growing faster (revenue YoY)
TRX
TRX
+158.0% gap
TRX
100.5%
-57.6%
DAWN
Higher net margin
TRX
TRX
47.6% more per $
TRX
-2.0%
-49.6%
DAWN

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
DAWN
DAWN
TRX
TRX
Revenue
$39.8M
$25.1M
Net Profit
$-19.7M
$-496.0K
Gross Margin
56.6%
Operating Margin
-60.9%
Net Margin
-49.6%
-2.0%
Revenue YoY
-57.6%
100.5%
Net Profit YoY
-153.3%
-123.2%
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
TRX
TRX
Q4 25
$25.1M
Q3 25
$39.8M
Q2 25
$33.9M
$12.5M
Q1 25
$30.8M
$9.1M
Q4 24
$12.5M
Q3 24
$93.8M
Q2 24
$10.1M
Q1 24
$0
$8.0M
Net Profit
DAWN
DAWN
TRX
TRX
Q4 25
$-496.0K
Q3 25
$-19.7M
Q2 25
$-30.3M
$1.1M
Q1 25
$-36.0M
$-1.9M
Q4 24
$2.1M
Q3 24
$37.0M
Q2 24
$-1.7M
Q1 24
$-62.4M
$1.9M
Gross Margin
DAWN
DAWN
TRX
TRX
Q4 25
56.6%
Q3 25
Q2 25
35.1%
Q1 25
23.5%
Q4 24
38.6%
Q3 24
Q2 24
42.9%
Q1 24
41.0%
Operating Margin
DAWN
DAWN
TRX
TRX
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
TRX
TRX
Q4 25
-2.0%
Q3 25
-49.6%
Q2 25
-89.4%
8.9%
Q1 25
-117.0%
-21.3%
Q4 24
17.1%
Q3 24
39.5%
Q2 24
-16.3%
Q1 24
24.1%
EPS (diluted)
DAWN
DAWN
TRX
TRX
Q4 25
$-0.01
Q3 25
$-0.19
Q2 25
$-0.29
$0.00
Q1 25
$-0.35
$-0.01
Q4 24
$0.00
Q3 24
$0.38
Q2 24
$-0.01
Q1 24
$-0.72
$0.00

Balance Sheet & Financial Strength

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

Metric
DAWN
DAWN
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$451.6M
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$450.9M
$74.5M
Total Assets
$513.8M
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAWN
DAWN
TRX
TRX
Q4 25
$9.2M
Q3 25
$451.6M
Q2 25
$453.1M
$3.6M
Q1 25
$473.0M
$6.0M
Q4 24
$6.8M
Q3 24
$558.4M
Q2 24
$7.7M
Q1 24
$317.9M
$8.0M
Stockholders' Equity
DAWN
DAWN
TRX
TRX
Q4 25
$74.5M
Q3 25
$450.9M
Q2 25
$460.8M
$69.0M
Q1 25
$479.5M
$67.5M
Q4 24
$68.4M
Q3 24
$555.5M
Q2 24
$62.5M
Q1 24
$296.8M
$63.9M
Total Assets
DAWN
DAWN
TRX
TRX
Q4 25
$129.6M
Q3 25
$513.8M
Q2 25
$519.0M
$112.3M
Q1 25
$534.4M
$106.7M
Q4 24
$102.6M
Q3 24
$600.8M
Q2 24
$92.6M
Q1 24
$326.6M
$88.2M

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
TRX
TRX
Operating Cash FlowLast quarter
$-5.8M
$4.0M
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
TRX
TRX
Q4 25
$4.0M
Q3 25
$-5.8M
Q2 25
$-24.8M
$3.4M
Q1 25
$-59.0M
$2.0M
Q4 24
$2.4M
Q3 24
$50.8M
Q2 24
$3.1M
Q1 24
$-49.7M
$1.0M
Free Cash Flow
DAWN
DAWN
TRX
TRX
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
TRX
TRX
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
TRX
TRX
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
TRX
TRX
Q4 25
Q3 25
Q2 25
3.10×
Q1 25
Q4 24
1.11×
Q3 24
1.37×
Q2 24
Q1 24
0.54×

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%

TRX
TRX

Segment breakdown not available.

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