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Side-by-side financial comparison of Day One Biopharmaceuticals, Inc. (DAWN) and VIRCO MFG CORPORATION (VIRC). Click either name above to swap in a different company.

VIRCO MFG CORPORATION is the larger business by last-quarter revenue ($47.6M vs $39.8M, roughly 1.2× Day One Biopharmaceuticals, Inc.). VIRCO MFG CORPORATION runs the higher net margin — -2.8% vs -49.6%, a 46.8% gap on every dollar of revenue. On growth, VIRCO MFG CORPORATION posted the faster year-over-year revenue change (-42.3% 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.

The Virco Manufacturing Corporation, more commonly known as Virco, is an American furniture manufacturer based in Torrance, California which focuses on providing products for educational markets. The principal products of the company include student desks and activity tables, school and office seating, computer stations, lightweight folding tables, and upholstered chairs.

DAWN vs VIRC — Head-to-Head

Bigger by revenue
VIRC
VIRC
1.2× larger
VIRC
$47.6M
$39.8M
DAWN
Growing faster (revenue YoY)
VIRC
VIRC
+15.2% gap
VIRC
-42.3%
-57.6%
DAWN
Higher net margin
VIRC
VIRC
46.8% more per $
VIRC
-2.8%
-49.6%
DAWN

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
DAWN
DAWN
VIRC
VIRC
Revenue
$39.8M
$47.6M
Net Profit
$-19.7M
$-1.3M
Gross Margin
38.0%
Operating Margin
-60.9%
-3.6%
Net Margin
-49.6%
-2.8%
Revenue YoY
-57.6%
-42.3%
Net Profit YoY
-153.3%
-115.8%
EPS (diluted)
$-0.19
$-0.08

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
VIRC
VIRC
Q4 25
$47.6M
Q3 25
$39.8M
$92.1M
Q2 25
$33.9M
$33.8M
Q1 25
$30.8M
$28.5M
Q4 24
$82.6M
Q3 24
$93.8M
$108.4M
Q2 24
$46.7M
Q1 24
$0
$42.6M
Net Profit
DAWN
DAWN
VIRC
VIRC
Q4 25
$-1.3M
Q3 25
$-19.7M
$10.2M
Q2 25
$-30.3M
$732.0K
Q1 25
$-36.0M
$-5.7M
Q4 24
$8.4M
Q3 24
$37.0M
$16.8M
Q2 24
$2.1M
Q1 24
$-62.4M
$-2.3M
Gross Margin
DAWN
DAWN
VIRC
VIRC
Q4 25
38.0%
Q3 25
44.4%
Q2 25
47.5%
Q1 25
26.2%
Q4 24
44.4%
Q3 24
46.3%
Q2 24
43.5%
Q1 24
37.7%
Operating Margin
DAWN
DAWN
VIRC
VIRC
Q4 25
-3.6%
Q3 25
-60.9%
16.7%
Q2 25
-103.1%
-0.3%
Q1 25
-133.5%
-28.5%
Q4 24
13.5%
Q3 24
31.6%
20.2%
Q2 24
6.4%
Q1 24
-6.5%
Net Margin
DAWN
DAWN
VIRC
VIRC
Q4 25
-2.8%
Q3 25
-49.6%
11.1%
Q2 25
-89.4%
2.2%
Q1 25
-117.0%
-20.1%
Q4 24
10.2%
Q3 24
39.5%
15.5%
Q2 24
4.6%
Q1 24
-5.5%
EPS (diluted)
DAWN
DAWN
VIRC
VIRC
Q4 25
$-0.08
Q3 25
$-0.19
$0.65
Q2 25
$-0.29
$0.05
Q1 25
$-0.35
$-0.37
Q4 24
$0.52
Q3 24
$0.38
$1.04
Q2 24
$0.13
Q1 24
$-0.72
$-0.14

Balance Sheet & Financial Strength

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

Metric
DAWN
DAWN
VIRC
VIRC
Cash + ST InvestmentsLiquidity on hand
$451.6M
Total DebtLower is stronger
$3.9M
Stockholders' EquityBook value
$450.9M
$113.6M
Total Assets
$513.8M
$181.5M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAWN
DAWN
VIRC
VIRC
Q4 25
Q3 25
$451.6M
Q2 25
$453.1M
Q1 25
$473.0M
Q4 24
Q3 24
$558.4M
Q2 24
Q1 24
$317.9M
$5.3M
Total Debt
DAWN
DAWN
VIRC
VIRC
Q4 25
$3.9M
Q3 25
$4.0M
Q2 25
$4.1M
Q1 25
$4.1M
Q4 24
$4.2M
Q3 24
$4.3M
Q2 24
$7.0M
Q1 24
$4.4M
Stockholders' Equity
DAWN
DAWN
VIRC
VIRC
Q4 25
$113.6M
Q3 25
$450.9M
$115.4M
Q2 25
$460.8M
$105.6M
Q1 25
$479.5M
$109.3M
Q4 24
$115.9M
Q3 24
$555.5M
$107.8M
Q2 24
$91.6M
Q1 24
$296.8M
$91.2M
Total Assets
DAWN
DAWN
VIRC
VIRC
Q4 25
$181.5M
Q3 25
$513.8M
$198.6M
Q2 25
$519.0M
$183.8M
Q1 25
$534.4M
$191.9M
Q4 24
$210.1M
Q3 24
$600.8M
$216.3M
Q2 24
$152.5M
Q1 24
$326.6M
$146.4M
Debt / Equity
DAWN
DAWN
VIRC
VIRC
Q4 25
0.03×
Q3 25
0.03×
Q2 25
0.04×
Q1 25
0.04×
Q4 24
0.04×
Q3 24
0.04×
Q2 24
0.08×
Q1 24
0.05×

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
VIRC
VIRC
Operating Cash FlowLast quarter
$-5.8M
$25.8M
Free Cash FlowOCF − Capex
$24.5M
FCF MarginFCF / Revenue
51.5%
Capex IntensityCapex / Revenue
0.0%
2.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAWN
DAWN
VIRC
VIRC
Q4 25
$25.8M
Q3 25
$-5.8M
$3.2M
Q2 25
$-24.8M
$-19.0M
Q1 25
$-59.0M
$-8.3M
Q4 24
$33.5M
Q3 24
$50.8M
$12.5M
Q2 24
$-4.5M
Q1 24
$-49.7M
$4.7M
Free Cash Flow
DAWN
DAWN
VIRC
VIRC
Q4 25
$24.5M
Q3 25
$1.8M
Q2 25
$-24.8M
$-21.5M
Q1 25
$-59.3M
$-9.2M
Q4 24
$31.0M
Q3 24
$50.0M
$10.7M
Q2 24
$-5.6M
Q1 24
$4.0M
FCF Margin
DAWN
DAWN
VIRC
VIRC
Q4 25
51.5%
Q3 25
2.0%
Q2 25
-73.2%
-63.6%
Q1 25
-192.8%
-32.4%
Q4 24
37.5%
Q3 24
53.4%
9.8%
Q2 24
-12.0%
Q1 24
9.5%
Capex Intensity
DAWN
DAWN
VIRC
VIRC
Q4 25
2.7%
Q3 25
0.0%
1.5%
Q2 25
0.0%
7.2%
Q1 25
1.0%
3.3%
Q4 24
3.0%
Q3 24
0.8%
1.7%
Q2 24
2.3%
Q1 24
1.5%
Cash Conversion
DAWN
DAWN
VIRC
VIRC
Q4 25
Q3 25
0.31×
Q2 25
-26.00×
Q1 25
Q4 24
3.98×
Q3 24
1.37×
0.74×
Q2 24
-2.11×
Q1 24

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%

VIRC
VIRC

Segment breakdown not available.

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