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

DYNAVAX TECHNOLOGIES CORP is the larger business by last-quarter revenue ($94.9M vs $66.7M, roughly 1.4× RMR GROUP INC.). DYNAVAX TECHNOLOGIES CORP runs the higher net margin — 28.4% vs 18.3%, a 10.1% gap on every dollar of revenue. On growth, RMR GROUP INC. posted the faster year-over-year revenue change (40.8% vs 17.7%).

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.

RMR Group Inc. is a U.S.-headquartered alternative asset management firm specializing in real estate and real estate-related investments. It operates across commercial property, residential real estate, and infrastructure segments, serving institutional investors, high-net-worth individuals, and retail clients across key global markets.

DVAX vs RMR — Head-to-Head

Bigger by revenue
DVAX
DVAX
1.4× larger
DVAX
$94.9M
$66.7M
RMR
Growing faster (revenue YoY)
RMR
RMR
+23.1% gap
RMR
40.8%
17.7%
DVAX
Higher net margin
DVAX
DVAX
10.1% more per $
DVAX
28.4%
18.3%
RMR

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
DVAX
DVAX
RMR
RMR
Revenue
$94.9M
$66.7M
Net Profit
$26.9M
$12.2M
Gross Margin
Operating Margin
22.4%
48.1%
Net Margin
28.4%
18.3%
Revenue YoY
17.7%
40.8%
Net Profit YoY
53.0%
91.1%
EPS (diluted)
$0.21
$0.71

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
RMR
RMR
Q4 25
$66.7M
Q3 25
$94.9M
Q2 25
$95.4M
Q1 25
$68.2M
Q4 24
$72.0M
Q3 24
$80.6M
Q2 24
$73.8M
Q1 24
$50.8M
Net Profit
DVAX
DVAX
RMR
RMR
Q4 25
$12.2M
Q3 25
$26.9M
Q2 25
$18.7M
Q1 25
$-96.1M
Q4 24
$7.0M
Q3 24
$17.6M
Q2 24
$11.4M
Q1 24
$-8.7M
Operating Margin
DVAX
DVAX
RMR
RMR
Q4 25
48.1%
Q3 25
22.4%
Q2 25
15.1%
Q1 25
-34.7%
Q4 24
-2.3%
Q3 24
12.5%
Q2 24
7.0%
Q1 24
-35.0%
Net Margin
DVAX
DVAX
RMR
RMR
Q4 25
18.3%
Q3 25
28.4%
Q2 25
19.6%
Q1 25
-141.0%
Q4 24
9.8%
Q3 24
21.8%
Q2 24
15.4%
Q1 24
-17.2%
EPS (diluted)
DVAX
DVAX
RMR
RMR
Q4 25
$0.71
Q3 25
$0.21
Q2 25
$0.14
Q1 25
$-0.77
Q4 24
$0.07
Q3 24
$0.12
Q2 24
$0.08
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
DVAX
DVAX
RMR
RMR
Cash + ST InvestmentsLiquidity on hand
$160.2M
$49.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$534.1M
$232.7M
Total Assets
$946.5M
$687.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DVAX
DVAX
RMR
RMR
Q4 25
$49.3M
Q3 25
$160.2M
Q2 25
$99.1M
Q1 25
$51.7M
Q4 24
$95.9M
Q3 24
$119.3M
Q2 24
$112.5M
Q1 24
$132.0M
Stockholders' Equity
DVAX
DVAX
RMR
RMR
Q4 25
$232.7M
Q3 25
$534.1M
Q2 25
$494.2M
Q1 25
$530.9M
Q4 24
$596.8M
Q3 24
$681.4M
Q2 24
$642.8M
Q1 24
$618.5M
Total Assets
DVAX
DVAX
RMR
RMR
Q4 25
$687.1M
Q3 25
$946.5M
Q2 25
$918.4M
Q1 25
$945.9M
Q4 24
$986.3M
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
$986.6M

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
RMR
RMR
Operating Cash FlowLast quarter
$33.8M
$10.7M
Free Cash FlowOCF − Capex
$32.6M
FCF MarginFCF / Revenue
34.4%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
1.26×
0.88×
TTM Free Cash FlowTrailing 4 quarters
$80.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DVAX
DVAX
RMR
RMR
Q4 25
$10.7M
Q3 25
$33.8M
Q2 25
$23.4M
Q1 25
$-19.6M
Q4 24
$53.0M
Q3 24
$19.5M
Q2 24
$10.7M
Q1 24
$-16.7M
Free Cash Flow
DVAX
DVAX
RMR
RMR
Q4 25
Q3 25
$32.6M
Q2 25
$22.0M
Q1 25
$-23.6M
Q4 24
$49.5M
Q3 24
$18.1M
Q2 24
$9.9M
Q1 24
$-17.4M
FCF Margin
DVAX
DVAX
RMR
RMR
Q4 25
Q3 25
34.4%
Q2 25
23.0%
Q1 25
-34.6%
Q4 24
68.8%
Q3 24
22.5%
Q2 24
13.5%
Q1 24
-34.3%
Capex Intensity
DVAX
DVAX
RMR
RMR
Q4 25
Q3 25
1.3%
Q2 25
1.5%
Q1 25
5.8%
Q4 24
4.8%
Q3 24
1.7%
Q2 24
1.1%
Q1 24
1.5%
Cash Conversion
DVAX
DVAX
RMR
RMR
Q4 25
0.88×
Q3 25
1.26×
Q2 25
1.25×
Q1 25
Q4 24
7.52×
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%

RMR
RMR

Management Service Incentive$23.6M35%
Industrial Logistics Properties Trust$15.1M23%
Managed Private Real Estate Capital$11.1M17%
Office Properties Income Trust$5.6M8%
Other Private Entities$5.3M8%
RMR Residential$3.4M5%
Sonesta International Hotels Corporation$2.1M3%
Investment Advisory Management And Administrative Service$1.2M2%

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