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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

RIGEL PHARMACEUTICALS INC is the larger business by last-quarter revenue ($69.8M vs $43.5M, roughly 1.6× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 21.2%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 53.7%).

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

DX vs RIGL — Head-to-Head

Bigger by revenue
RIGL
RIGL
1.6× larger
RIGL
$69.8M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+510.1% gap
DX
531.3%
21.2%
RIGL
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
53.7%
RIGL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
RIGL
RIGL
Revenue
$43.5M
$69.8M
Net Profit
$268.1M
Gross Margin
91.5%
Operating Margin
33.2%
Net Margin
384.0%
Revenue YoY
531.3%
21.2%
Net Profit YoY
1769.2%
EPS (diluted)
$1.59
$14.11

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
DX
DX
RIGL
RIGL
Q4 25
$43.5M
$69.8M
Q3 25
$30.6M
$69.5M
Q2 25
$23.1M
$101.7M
Q1 25
$17.1M
$53.3M
Q4 24
$57.6M
Q3 24
$55.3M
Q2 24
$36.8M
Q1 24
$-3.2M
$29.5M
Net Profit
DX
DX
RIGL
RIGL
Q4 25
$268.1M
Q3 25
$150.4M
$27.9M
Q2 25
$-13.6M
$59.6M
Q1 25
$-3.1M
$11.4M
Q4 24
$14.3M
Q3 24
$12.4M
Q2 24
$-1.0M
Q1 24
$40.1M
$-8.2M
Gross Margin
DX
DX
RIGL
RIGL
Q4 25
91.5%
Q3 25
93.2%
Q2 25
95.6%
Q1 25
91.7%
Q4 24
89.9%
Q3 24
85.5%
Q2 24
92.4%
Q1 24
93.1%
Operating Margin
DX
DX
RIGL
RIGL
Q4 25
33.2%
Q3 25
40.9%
Q2 25
60.1%
Q1 25
23.9%
Q4 24
28.9%
Q3 24
25.4%
Q2 24
1.2%
Q1 24
-23.6%
Net Margin
DX
DX
RIGL
RIGL
Q4 25
384.0%
Q3 25
491.3%
40.2%
Q2 25
-58.8%
58.6%
Q1 25
-18.0%
21.5%
Q4 24
24.9%
Q3 24
22.5%
Q2 24
-2.8%
Q1 24
-1256.8%
-27.9%
EPS (diluted)
DX
DX
RIGL
RIGL
Q4 25
$1.59
$14.11
Q3 25
$1.08
$1.46
Q2 25
$-0.14
$3.28
Q1 25
$-0.06
$0.63
Q4 24
$0.82
Q3 24
$0.70
Q2 24
$-0.06
Q1 24
$0.64
$-0.47

Balance Sheet & Financial Strength

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

Metric
DX
DX
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$531.0M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$2.5B
$391.5M
Total Assets
$17.3B
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
RIGL
RIGL
Q4 25
$531.0M
$155.0M
Q3 25
$491.0M
$137.1M
Q2 25
$387.5M
$108.4M
Q1 25
$327.4M
$77.1M
Q4 24
$77.3M
Q3 24
$61.1M
Q2 24
$49.1M
Q1 24
$295.7M
$49.5M
Total Debt
DX
DX
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
DX
DX
RIGL
RIGL
Q4 25
$2.5B
$391.5M
Q3 25
$2.0B
$117.6M
Q2 25
$1.6B
$81.9M
Q1 25
$1.4B
$18.6M
Q4 24
$3.3M
Q3 24
$-14.6M
Q2 24
$-29.9M
Q1 24
$958.5M
$-31.7M
Total Assets
DX
DX
RIGL
RIGL
Q4 25
$17.3B
$513.6M
Q3 25
$14.2B
$242.5M
Q2 25
$11.3B
$206.7M
Q1 25
$9.0B
$176.0M
Q4 24
$164.0M
Q3 24
$139.4M
Q2 24
$128.4M
Q1 24
$6.3B
$126.5M
Debt / Equity
DX
DX
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
DX
DX
RIGL
RIGL
Operating Cash FlowLast quarter
$120.8M
$22.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
RIGL
RIGL
Q4 25
$120.8M
$22.0M
Q3 25
$68.3M
$24.0M
Q2 25
$31.9M
$30.5M
Q1 25
$6.4M
$-893.0K
Q4 24
$14.5M
Q3 24
$21.7M
Q2 24
$302.0K
Q1 24
$-17.1M
$-5.0M
Cash Conversion
DX
DX
RIGL
RIGL
Q4 25
0.08×
Q3 25
0.45×
0.86×
Q2 25
0.51×
Q1 25
-0.08×
Q4 24
1.01×
Q3 24
1.75×
Q2 24
Q1 24
-0.43×

Financial Flow Comparison

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

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