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Side-by-side financial comparison of DYNAVAX TECHNOLOGIES CORP (DVAX) and 8X8 INC (EGHT). Click either name above to swap in a different company.

8X8 INC is the larger business by last-quarter revenue ($185.1M vs $94.9M, roughly 2.0× DYNAVAX TECHNOLOGIES CORP). DYNAVAX TECHNOLOGIES CORP runs the higher net margin — 28.4% vs 2.8%, a 25.6% gap on every dollar of revenue. On growth, DYNAVAX TECHNOLOGIES CORP posted the faster year-over-year revenue change (17.7% vs 3.4%). DYNAVAX TECHNOLOGIES CORP produced more free cash flow last quarter ($32.6M vs $19.1M). Over the past eight quarters, DYNAVAX TECHNOLOGIES CORP's revenue compounded faster (30.6% CAGR vs 1.6%).

Dynavax Technologies Corp is a commercial-stage biopharmaceutical company specializing in the research, development, and production of innovative vaccines and immunotherapies for infectious diseases. Its lead approved product is Heplisav-B, an adult hepatitis B vaccine, with core markets in North America and Europe, alongside a pipeline of candidates addressing unmet public health needs.

8x8, Inc. is an American provider of cloud communications and customer experience software for businesses. The company offers unified communications, contact center, and communications platform as a service (CPaaS) delivered via a cloud-based architecture. 8x8 is headquartered in Campbell, California. Its common stock trades on the Nasdaq under the ticker symbol EGHT, and the company is led by Samuel Wilson.

DVAX vs EGHT — Head-to-Head

Bigger by revenue
EGHT
EGHT
2.0× larger
EGHT
$185.1M
$94.9M
DVAX
Growing faster (revenue YoY)
DVAX
DVAX
+14.2% gap
DVAX
17.7%
3.4%
EGHT
Higher net margin
DVAX
DVAX
25.6% more per $
DVAX
28.4%
2.8%
EGHT
More free cash flow
DVAX
DVAX
$13.5M more FCF
DVAX
$32.6M
$19.1M
EGHT
Faster 2-yr revenue CAGR
DVAX
DVAX
Annualised
DVAX
30.6%
1.6%
EGHT

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
DVAX
DVAX
EGHT
EGHT
Revenue
$94.9M
$185.1M
Net Profit
$26.9M
$5.1M
Gross Margin
63.9%
Operating Margin
22.4%
5.2%
Net Margin
28.4%
2.8%
Revenue YoY
17.7%
3.4%
Net Profit YoY
53.0%
68.4%
EPS (diluted)
$0.21
$0.04

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
DVAX
DVAX
EGHT
EGHT
Q4 25
$185.1M
Q3 25
$94.9M
$184.1M
Q2 25
$95.4M
$181.4M
Q1 25
$68.2M
$177.0M
Q4 24
$72.0M
$178.9M
Q3 24
$80.6M
$181.0M
Q2 24
$73.8M
$178.1M
Q1 24
$50.8M
$179.4M
Net Profit
DVAX
DVAX
EGHT
EGHT
Q4 25
$5.1M
Q3 25
$26.9M
$767.0K
Q2 25
$18.7M
$-4.3M
Q1 25
$-96.1M
$-5.4M
Q4 24
$7.0M
$3.0M
Q3 24
$17.6M
$-14.5M
Q2 24
$11.4M
$-10.3M
Q1 24
$-8.7M
$-23.6M
Gross Margin
DVAX
DVAX
EGHT
EGHT
Q4 25
63.9%
Q3 25
64.8%
Q2 25
66.4%
Q1 25
67.8%
Q4 24
67.7%
Q3 24
68.1%
Q2 24
67.9%
Q1 24
68.2%
Operating Margin
DVAX
DVAX
EGHT
EGHT
Q4 25
5.2%
Q3 25
22.4%
2.9%
Q2 25
15.1%
0.3%
Q1 25
-34.7%
0.2%
Q4 24
-2.3%
5.0%
Q3 24
12.5%
4.0%
Q2 24
7.0%
-0.8%
Q1 24
-35.0%
-7.9%
Net Margin
DVAX
DVAX
EGHT
EGHT
Q4 25
2.8%
Q3 25
28.4%
0.4%
Q2 25
19.6%
-2.4%
Q1 25
-141.0%
-3.1%
Q4 24
9.8%
1.7%
Q3 24
21.8%
-8.0%
Q2 24
15.4%
-5.8%
Q1 24
-17.2%
-13.1%
EPS (diluted)
DVAX
DVAX
EGHT
EGHT
Q4 25
$0.04
Q3 25
$0.21
$0.01
Q2 25
$0.14
$-0.03
Q1 25
$-0.77
$-0.04
Q4 24
$0.07
$0.02
Q3 24
$0.12
$-0.11
Q2 24
$0.08
$-0.08
Q1 24
$-0.07
$-0.20

Balance Sheet & Financial Strength

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

Metric
DVAX
DVAX
EGHT
EGHT
Cash + ST InvestmentsLiquidity on hand
$160.2M
$86.9M
Total DebtLower is stronger
$321.2M
Stockholders' EquityBook value
$534.1M
$142.9M
Total Assets
$946.5M
$661.5M
Debt / EquityLower = less leverage
2.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DVAX
DVAX
EGHT
EGHT
Q4 25
$86.9M
Q3 25
$160.2M
$75.9M
Q2 25
$99.1M
$81.3M
Q1 25
$51.7M
$88.0M
Q4 24
$95.9M
$104.2M
Q3 24
$119.3M
$117.4M
Q2 24
$112.5M
$130.8M
Q1 24
$132.0M
$117.3M
Total Debt
DVAX
DVAX
EGHT
EGHT
Q4 25
$321.2M
Q3 25
$325.8M
Q2 25
$335.4M
Q1 25
$350.0M
Q4 24
$364.5M
Q3 24
$396.9M
Q2 24
Q1 24
$409.7M
Stockholders' Equity
DVAX
DVAX
EGHT
EGHT
Q4 25
$142.9M
Q3 25
$534.1M
$133.2M
Q2 25
$494.2M
$128.2M
Q1 25
$530.9M
$122.2M
Q4 24
$596.8M
$113.0M
Q3 24
$681.4M
$109.8M
Q2 24
$642.8M
$104.6M
Q1 24
$618.5M
$102.0M
Total Assets
DVAX
DVAX
EGHT
EGHT
Q4 25
$661.5M
Q3 25
$946.5M
$670.8M
Q2 25
$918.4M
$684.3M
Q1 25
$945.9M
$683.2M
Q4 24
$986.3M
$698.2M
Q3 24
$1.1B
$740.1M
Q2 24
$1.0B
$755.7M
Q1 24
$986.6M
$756.0M
Debt / Equity
DVAX
DVAX
EGHT
EGHT
Q4 25
2.25×
Q3 25
2.45×
Q2 25
2.62×
Q1 25
2.86×
Q4 24
3.23×
Q3 24
3.61×
Q2 24
Q1 24
4.02×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DVAX
DVAX
EGHT
EGHT
Operating Cash FlowLast quarter
$33.8M
$20.7M
Free Cash FlowOCF − Capex
$32.6M
$19.1M
FCF MarginFCF / Revenue
34.4%
10.3%
Capex IntensityCapex / Revenue
1.3%
0.9%
Cash ConversionOCF / Net Profit
1.26×
4.07×
TTM Free Cash FlowTrailing 4 quarters
$80.5M
$43.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DVAX
DVAX
EGHT
EGHT
Q4 25
$20.7M
Q3 25
$33.8M
$8.8M
Q2 25
$23.4M
$11.9M
Q1 25
$-19.6M
$5.9M
Q4 24
$53.0M
$27.2M
Q3 24
$19.5M
$12.3M
Q2 24
$10.7M
$18.1M
Q1 24
$-16.7M
$12.7M
Free Cash Flow
DVAX
DVAX
EGHT
EGHT
Q4 25
$19.1M
Q3 25
$32.6M
$7.7M
Q2 25
$22.0M
$11.5M
Q1 25
$-23.6M
$5.5M
Q4 24
$49.5M
$26.8M
Q3 24
$18.1M
$11.1M
Q2 24
$9.9M
$17.8M
Q1 24
$-17.4M
$12.3M
FCF Margin
DVAX
DVAX
EGHT
EGHT
Q4 25
10.3%
Q3 25
34.4%
4.2%
Q2 25
23.0%
6.3%
Q1 25
-34.6%
3.1%
Q4 24
68.8%
15.0%
Q3 24
22.5%
6.1%
Q2 24
13.5%
10.0%
Q1 24
-34.3%
6.9%
Capex Intensity
DVAX
DVAX
EGHT
EGHT
Q4 25
0.9%
Q3 25
1.3%
0.6%
Q2 25
1.5%
0.2%
Q1 25
5.8%
0.2%
Q4 24
4.8%
0.3%
Q3 24
1.7%
0.7%
Q2 24
1.1%
0.2%
Q1 24
1.5%
0.2%
Cash Conversion
DVAX
DVAX
EGHT
EGHT
Q4 25
4.07×
Q3 25
1.26×
11.52×
Q2 25
1.25×
Q1 25
Q4 24
7.52×
9.01×
Q3 24
1.11×
Q2 24
0.94×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DVAX
DVAX

HEPLISAVB$90.0M95%
US Department Of Defense$4.7M5%

EGHT
EGHT

Services$179.7M97%
Other$5.4M3%

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