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

ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $94.9M, roughly 1.2× DYNAVAX TECHNOLOGIES CORP). DYNAVAX TECHNOLOGIES CORP runs the higher net margin — 28.4% vs -0.7%, a 29.1% gap on every dollar of revenue. On growth, DYNAVAX TECHNOLOGIES CORP posted the faster year-over-year revenue change (17.7% vs 0.6%). DYNAVAX TECHNOLOGIES CORP produced more free cash flow last quarter ($32.6M vs $7.6M). Over the past eight quarters, DYNAVAX TECHNOLOGIES CORP's revenue compounded faster (30.6% CAGR vs -4.4%).

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.

DVAX vs ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
1.2× larger
ZIP
$111.7M
$94.9M
DVAX
Growing faster (revenue YoY)
DVAX
DVAX
+17.1% gap
DVAX
17.7%
0.6%
ZIP
Higher net margin
DVAX
DVAX
29.1% more per $
DVAX
28.4%
-0.7%
ZIP
More free cash flow
DVAX
DVAX
$25.0M more FCF
DVAX
$32.6M
$7.6M
ZIP
Faster 2-yr revenue CAGR
DVAX
DVAX
Annualised
DVAX
30.6%
-4.4%
ZIP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DVAX
DVAX
ZIP
ZIP
Revenue
$94.9M
$111.7M
Net Profit
$26.9M
$-835.0K
Gross Margin
89.1%
Operating Margin
22.4%
3.6%
Net Margin
28.4%
-0.7%
Revenue YoY
17.7%
0.6%
Net Profit YoY
53.0%
92.3%
EPS (diluted)
$0.21
$-0.03

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
ZIP
ZIP
Q4 25
$111.7M
Q3 25
$94.9M
$115.0M
Q2 25
$95.4M
$112.2M
Q1 25
$68.2M
$110.1M
Q4 24
$72.0M
$111.0M
Q3 24
$80.6M
$117.1M
Q2 24
$73.8M
$123.7M
Q1 24
$50.8M
$122.2M
Net Profit
DVAX
DVAX
ZIP
ZIP
Q4 25
$-835.0K
Q3 25
$26.9M
$-9.8M
Q2 25
$18.7M
$-9.5M
Q1 25
$-96.1M
$-12.8M
Q4 24
$7.0M
$-10.8M
Q3 24
$17.6M
$-2.6M
Q2 24
$11.4M
$7.0M
Q1 24
$-8.7M
$-6.5M
Gross Margin
DVAX
DVAX
ZIP
ZIP
Q4 25
89.1%
Q3 25
89.1%
Q2 25
89.3%
Q1 25
89.4%
Q4 24
89.6%
Q3 24
89.4%
Q2 24
89.5%
Q1 24
89.1%
Operating Margin
DVAX
DVAX
ZIP
ZIP
Q4 25
3.6%
Q3 25
22.4%
-4.4%
Q2 25
15.1%
-5.9%
Q1 25
-34.7%
-10.6%
Q4 24
-2.3%
-3.6%
Q3 24
12.5%
-2.8%
Q2 24
7.0%
7.6%
Q1 24
-35.0%
-0.7%
Net Margin
DVAX
DVAX
ZIP
ZIP
Q4 25
-0.7%
Q3 25
28.4%
-8.5%
Q2 25
19.6%
-8.5%
Q1 25
-141.0%
-11.7%
Q4 24
9.8%
-9.7%
Q3 24
21.8%
-2.2%
Q2 24
15.4%
5.7%
Q1 24
-17.2%
-5.3%
EPS (diluted)
DVAX
DVAX
ZIP
ZIP
Q4 25
$-0.03
Q3 25
$0.21
$-0.11
Q2 25
$0.14
$-0.10
Q1 25
$-0.77
$-0.13
Q4 24
$0.07
$-0.10
Q3 24
$0.12
$-0.03
Q2 24
$0.08
$0.07
Q1 24
$-0.07
$-0.07

Balance Sheet & Financial Strength

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

Metric
DVAX
DVAX
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$160.2M
$188.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$534.1M
$-77.2M
Total Assets
$946.5M
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DVAX
DVAX
ZIP
ZIP
Q4 25
$188.0M
Q3 25
$160.2M
$211.8M
Q2 25
$99.1M
$203.5M
Q1 25
$51.7M
$221.1M
Q4 24
$95.9M
$218.4M
Q3 24
$119.3M
$225.6M
Q2 24
$112.5M
$271.7M
Q1 24
$132.0M
$282.5M
Stockholders' Equity
DVAX
DVAX
ZIP
ZIP
Q4 25
$-77.2M
Q3 25
$534.1M
$-76.1M
Q2 25
$494.2M
$-65.9M
Q1 25
$530.9M
$-11.3M
Q4 24
$596.8M
$13.4M
Q3 24
$681.4M
$13.6M
Q2 24
$642.8M
$24.4M
Q1 24
$618.5M
$12.7M
Total Assets
DVAX
DVAX
ZIP
ZIP
Q4 25
$569.7M
Q3 25
$946.5M
$573.6M
Q2 25
$918.4M
$592.4M
Q1 25
$945.9M
$629.4M
Q4 24
$986.3M
$664.1M
Q3 24
$1.1B
$652.0M
Q2 24
$1.0B
$665.3M
Q1 24
$986.6M
$662.4M

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
ZIP
ZIP
Operating Cash FlowLast quarter
$33.8M
$7.7M
Free Cash FlowOCF − Capex
$32.6M
$7.6M
FCF MarginFCF / Revenue
34.4%
6.8%
Capex IntensityCapex / Revenue
1.3%
0.1%
Cash ConversionOCF / Net Profit
1.26×
TTM Free Cash FlowTrailing 4 quarters
$80.5M
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DVAX
DVAX
ZIP
ZIP
Q4 25
$7.7M
Q3 25
$33.8M
$2.6M
Q2 25
$23.4M
$10.5M
Q1 25
$-19.6M
$-9.9M
Q4 24
$53.0M
$12.5M
Q3 24
$19.5M
$9.3M
Q2 24
$10.7M
$21.9M
Q1 24
$-16.7M
$2.0M
Free Cash Flow
DVAX
DVAX
ZIP
ZIP
Q4 25
$7.6M
Q3 25
$32.6M
$2.2M
Q2 25
$22.0M
$10.2M
Q1 25
$-23.6M
$-10.2M
Q4 24
$49.5M
$12.0M
Q3 24
$18.1M
$9.2M
Q2 24
$9.9M
$21.7M
Q1 24
$-17.4M
$1.9M
FCF Margin
DVAX
DVAX
ZIP
ZIP
Q4 25
6.8%
Q3 25
34.4%
1.9%
Q2 25
23.0%
9.1%
Q1 25
-34.6%
-9.3%
Q4 24
68.8%
10.8%
Q3 24
22.5%
7.8%
Q2 24
13.5%
17.6%
Q1 24
-34.3%
1.6%
Capex Intensity
DVAX
DVAX
ZIP
ZIP
Q4 25
0.1%
Q3 25
1.3%
0.3%
Q2 25
1.5%
0.3%
Q1 25
5.8%
0.3%
Q4 24
4.8%
0.4%
Q3 24
1.7%
0.2%
Q2 24
1.1%
0.1%
Q1 24
1.5%
0.1%
Cash Conversion
DVAX
DVAX
ZIP
ZIP
Q4 25
Q3 25
1.26×
Q2 25
1.25×
Q1 25
Q4 24
7.52×
Q3 24
1.11×
Q2 24
0.94×
3.12×
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%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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