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Side-by-side financial comparison of Day One Biopharmaceuticals, Inc. (DAWN) and WINMARK CORP (WINA). 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 $21.1M, roughly 1.9× WINMARK CORP). WINMARK CORP runs the higher net margin — 47.2% vs -49.6%, a 96.8% gap on every dollar of revenue. On growth, WINMARK CORP posted the faster year-over-year revenue change (7.9% 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.

Winmark Corporation is an American franchisor of five retail businesses that specialize in buying and selling used goods. The company is based in Minneapolis, Minnesota. Winmark was founded in 1988 as Play It Again Sports Franchise Corporation by Ron Olson and Jeffrey Dahlberg after they purchased the Play It Again Sports franchise rights from Martha Morris. They renamed the company to Grow Biz International Inc. in June 1993. Grow Biz went public in August 1993. In 2000, John Morgan replaced...

DAWN vs WINA — Head-to-Head

Bigger by revenue
DAWN
DAWN
1.9× larger
DAWN
$39.8M
$21.1M
WINA
Growing faster (revenue YoY)
WINA
WINA
+65.4% gap
WINA
7.9%
-57.6%
DAWN
Higher net margin
WINA
WINA
96.8% more per $
WINA
47.2%
-49.6%
DAWN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DAWN
DAWN
WINA
WINA
Revenue
$39.8M
$21.1M
Net Profit
$-19.7M
$10.0M
Gross Margin
Operating Margin
-60.9%
61.7%
Net Margin
-49.6%
47.2%
Revenue YoY
-57.6%
7.9%
Net Profit YoY
-153.3%
3.9%
EPS (diluted)
$-0.19
$2.68

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
WINA
WINA
Q4 25
$21.1M
Q3 25
$39.8M
$22.6M
Q2 25
$33.9M
$20.4M
Q1 25
$30.8M
$21.9M
Q4 24
$19.5M
Q3 24
$93.8M
$21.5M
Q2 24
$20.1M
Q1 24
$0
$20.1M
Net Profit
DAWN
DAWN
WINA
WINA
Q4 25
$10.0M
Q3 25
$-19.7M
$11.1M
Q2 25
$-30.3M
$10.6M
Q1 25
$-36.0M
$10.0M
Q4 24
$9.6M
Q3 24
$37.0M
$11.1M
Q2 24
$10.4M
Q1 24
$-62.4M
$8.8M
Operating Margin
DAWN
DAWN
WINA
WINA
Q4 25
61.7%
Q3 25
-60.9%
65.9%
Q2 25
-103.1%
64.0%
Q1 25
-133.5%
62.0%
Q4 24
65.3%
Q3 24
31.6%
69.4%
Q2 24
64.7%
Q1 24
60.8%
Net Margin
DAWN
DAWN
WINA
WINA
Q4 25
47.2%
Q3 25
-49.6%
49.2%
Q2 25
-89.4%
51.9%
Q1 25
-117.0%
45.4%
Q4 24
49.0%
Q3 24
39.5%
51.7%
Q2 24
51.8%
Q1 24
43.9%
EPS (diluted)
DAWN
DAWN
WINA
WINA
Q4 25
$2.68
Q3 25
$-0.19
$3.02
Q2 25
$-0.29
$2.89
Q1 25
$-0.35
$2.71
Q4 24
$2.60
Q3 24
$0.38
$3.03
Q2 24
$2.85
Q1 24
$-0.72
$2.41

Balance Sheet & Financial Strength

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

Metric
DAWN
DAWN
WINA
WINA
Cash + ST InvestmentsLiquidity on hand
$451.6M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$450.9M
$-53.7M
Total Assets
$513.8M
$24.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAWN
DAWN
WINA
WINA
Q4 25
$10.3M
Q3 25
$451.6M
$39.7M
Q2 25
$453.1M
$28.8M
Q1 25
$473.0M
$21.8M
Q4 24
$12.2M
Q3 24
$558.4M
$37.2M
Q2 24
$29.4M
Q1 24
$317.9M
$22.9M
Stockholders' Equity
DAWN
DAWN
WINA
WINA
Q4 25
$-53.7M
Q3 25
$450.9M
$-26.3M
Q2 25
$460.8M
$-36.8M
Q1 25
$479.5M
$-45.9M
Q4 24
$-51.0M
Q3 24
$555.5M
$-33.7M
Q2 24
$-42.2M
Q1 24
$296.8M
$-52.6M
Total Assets
DAWN
DAWN
WINA
WINA
Q4 25
$24.9M
Q3 25
$513.8M
$53.7M
Q2 25
$519.0M
$43.2M
Q1 25
$534.4M
$37.1M
Q4 24
$26.8M
Q3 24
$600.8M
$52.0M
Q2 24
$44.7M
Q1 24
$326.6M
$38.3M

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
WINA
WINA
Operating Cash FlowLast quarter
$-5.8M
$8.5M
Free Cash FlowOCF − Capex
$8.5M
FCF MarginFCF / Revenue
40.3%
Capex IntensityCapex / Revenue
0.0%
0.1%
Cash ConversionOCF / Net Profit
0.86×
TTM Free Cash FlowTrailing 4 quarters
$44.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAWN
DAWN
WINA
WINA
Q4 25
$8.5M
Q3 25
$-5.8M
$12.3M
Q2 25
$-24.8M
$9.0M
Q1 25
$-59.0M
$15.1M
Q4 24
$8.5M
Q3 24
$50.8M
$12.1M
Q2 24
$8.2M
Q1 24
$-49.7M
$13.4M
Free Cash Flow
DAWN
DAWN
WINA
WINA
Q4 25
$8.5M
Q3 25
$12.2M
Q2 25
$-24.8M
$9.0M
Q1 25
$-59.3M
$15.0M
Q4 24
Q3 24
$50.0M
$12.1M
Q2 24
$8.1M
Q1 24
$13.3M
FCF Margin
DAWN
DAWN
WINA
WINA
Q4 25
40.3%
Q3 25
53.8%
Q2 25
-73.2%
44.0%
Q1 25
-192.8%
68.6%
Q4 24
Q3 24
53.4%
56.3%
Q2 24
40.4%
Q1 24
66.0%
Capex Intensity
DAWN
DAWN
WINA
WINA
Q4 25
0.1%
Q3 25
0.0%
0.3%
Q2 25
0.0%
0.3%
Q1 25
1.0%
0.2%
Q4 24
0.0%
Q3 24
0.8%
0.0%
Q2 24
0.5%
Q1 24
0.4%
Cash Conversion
DAWN
DAWN
WINA
WINA
Q4 25
0.86×
Q3 25
1.10×
Q2 25
0.85×
Q1 25
1.51×
Q4 24
0.88×
Q3 24
1.37×
1.09×
Q2 24
0.79×
Q1 24
1.52×

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%

WINA
WINA

Segment breakdown not available.

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