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Side-by-side financial comparison of Eton Pharmaceuticals, Inc. (ETON) and RBB Bancorp (RBB). Click either name above to swap in a different company.

RBB Bancorp is the larger business by last-quarter revenue ($32.3M vs $21.3M, roughly 1.5× Eton Pharmaceuticals, Inc.). RBB Bancorp runs the higher net margin — 31.5% vs 7.0%, a 24.5% gap on every dollar of revenue. On growth, Eton Pharmaceuticals, Inc. posted the faster year-over-year revenue change (82.7% vs 12.6%). RBB Bancorp produced more free cash flow last quarter ($42.6M vs $-11.6M). Over the past eight quarters, Eton Pharmaceuticals, Inc.'s revenue compounded faster (63.4% CAGR vs 7.0%).

Eton Pharmaceuticals, Inc. is a specialty pharmaceutical firm focused on developing and commercializing innovative therapies for rare diseases, pediatric care and hospital care segments. It mainly operates in the U.S. market, partnering with medical stakeholders to deliver accessible high-quality treatments to underserved patients.

RBB Bancorp is a US-based financial holding company that operates Royal Business Bank as its primary banking subsidiary. It caters mainly to Asian American communities, small and medium-sized enterprises, real estate investors, and retail clients, offering comprehensive commercial banking, consumer lending, deposit services, and wealth management solutions across branches in key US coastal metropolitan areas.

ETON vs RBB — Head-to-Head

Bigger by revenue
RBB
RBB
1.5× larger
RBB
$32.3M
$21.3M
ETON
Growing faster (revenue YoY)
ETON
ETON
+70.1% gap
ETON
82.7%
12.6%
RBB
Higher net margin
RBB
RBB
24.5% more per $
RBB
31.5%
7.0%
ETON
More free cash flow
RBB
RBB
$54.2M more FCF
RBB
$42.6M
$-11.6M
ETON
Faster 2-yr revenue CAGR
ETON
ETON
Annualised
ETON
63.4%
7.0%
RBB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ETON
ETON
RBB
RBB
Revenue
$21.3M
$32.3M
Net Profit
$1.5M
$10.2M
Gross Margin
61.6%
Operating Margin
11.6%
39.5%
Net Margin
7.0%
31.5%
Revenue YoY
82.7%
12.6%
Net Profit YoY
348.0%
132.1%
EPS (diluted)
$0.59

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
ETON
ETON
RBB
RBB
Q4 25
$21.3M
$32.3M
Q3 25
$22.5M
$32.6M
Q2 25
$18.9M
$35.8M
Q1 25
$17.3M
$28.5M
Q4 24
$11.6M
$28.7M
Q3 24
$10.3M
$30.3M
Q2 24
$9.1M
$27.5M
Q1 24
$8.0M
$28.2M
Net Profit
ETON
ETON
RBB
RBB
Q4 25
$1.5M
$10.2M
Q3 25
$-1.9M
$10.1M
Q2 25
$-2.6M
$9.3M
Q1 25
$-1.6M
$2.3M
Q4 24
$-598.0K
$4.4M
Q3 24
$627.0K
$7.0M
Q2 24
$-3.0M
$7.2M
Q1 24
$-811.0K
$8.0M
Gross Margin
ETON
ETON
RBB
RBB
Q4 25
61.6%
Q3 25
35.0%
Q2 25
63.0%
Q1 25
57.1%
Q4 24
55.6%
Q3 24
61.0%
Q2 24
62.0%
Q1 24
62.9%
Operating Margin
ETON
ETON
RBB
RBB
Q4 25
11.6%
39.5%
Q3 25
-6.1%
40.7%
Q2 25
-7.8%
36.1%
Q1 25
-2.7%
11.2%
Q4 24
5.4%
17.6%
Q3 24
4.9%
31.6%
Q2 24
-32.3%
35.6%
Q1 24
-10.0%
39.9%
Net Margin
ETON
ETON
RBB
RBB
Q4 25
7.0%
31.5%
Q3 25
-8.6%
31.2%
Q2 25
-13.7%
26.1%
Q1 25
-9.1%
8.0%
Q4 24
-5.1%
15.3%
Q3 24
6.1%
23.1%
Q2 24
-33.5%
26.4%
Q1 24
-10.2%
28.4%
EPS (diluted)
ETON
ETON
RBB
RBB
Q4 25
$0.59
Q3 25
$-0.07
$0.59
Q2 25
$0.52
Q1 25
$0.13
Q4 24
$0.26
Q3 24
$0.02
$0.39
Q2 24
$-0.12
$0.39
Q1 24
$-0.03
$0.43

Balance Sheet & Financial Strength

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

Metric
ETON
ETON
RBB
RBB
Cash + ST InvestmentsLiquidity on hand
$25.9M
$212.3M
Total DebtLower is stronger
$119.9M
Stockholders' EquityBook value
$26.2M
$523.4M
Total Assets
$92.1M
$4.2B
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ETON
ETON
RBB
RBB
Q4 25
$25.9M
$212.3M
Q3 25
$37.1M
$234.9M
Q2 25
$25.4M
$191.9M
Q1 25
$17.4M
$238.8M
Q4 24
$14.9M
$257.7M
Q3 24
$20.3M
$349.4M
Q2 24
$17.7M
$252.8M
Q1 24
$16.7M
Total Debt
ETON
ETON
RBB
RBB
Q4 25
$119.9M
Q3 25
$119.8M
Q2 25
$119.7M
Q1 25
$30.0M
$119.6M
Q4 24
$29.8M
$119.5M
Q3 24
$119.4M
Q2 24
$119.3M
Q1 24
$119.2M
Stockholders' Equity
ETON
ETON
RBB
RBB
Q4 25
$26.2M
$523.4M
Q3 25
$23.1M
$514.3M
Q2 25
$24.0M
$517.7M
Q1 25
$24.4M
$510.3M
Q4 24
$24.4M
$507.9M
Q3 24
$16.0M
$509.7M
Q2 24
$13.5M
$511.3M
Q1 24
$15.5M
$514.0M
Total Assets
ETON
ETON
RBB
RBB
Q4 25
$92.1M
$4.2B
Q3 25
$104.5M
$4.2B
Q2 25
$101.7M
$4.1B
Q1 25
$84.0M
$4.0B
Q4 24
$76.1M
$4.0B
Q3 24
$35.8M
$4.0B
Q2 24
$31.8M
$3.9B
Q1 24
$30.8M
$3.9B
Debt / Equity
ETON
ETON
RBB
RBB
Q4 25
0.23×
Q3 25
0.23×
Q2 25
0.23×
Q1 25
1.23×
0.23×
Q4 24
1.22×
0.24×
Q3 24
0.23×
Q2 24
0.23×
Q1 24
0.23×

Cash Flow & Capital Efficiency

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

Metric
ETON
ETON
RBB
RBB
Operating Cash FlowLast quarter
$-11.6M
$43.4M
Free Cash FlowOCF − Capex
$-11.6M
$42.6M
FCF MarginFCF / Revenue
-54.5%
131.8%
Capex IntensityCapex / Revenue
0.2%
2.5%
Cash ConversionOCF / Net Profit
-7.79×
4.26×
TTM Free Cash FlowTrailing 4 quarters
$73.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ETON
ETON
RBB
RBB
Q4 25
$-11.6M
$43.4M
Q3 25
$12.0M
$2.1M
Q2 25
$8.0M
$21.7M
Q1 25
$2.1M
$7.8M
Q4 24
$-765.0K
$58.5M
Q3 24
$3.0M
$24.5M
Q2 24
$1.3M
$11.7M
Q1 24
$-2.5M
$4.8M
Free Cash Flow
ETON
ETON
RBB
RBB
Q4 25
$-11.6M
$42.6M
Q3 25
$11.7M
$1.8M
Q2 25
$21.6M
Q1 25
$7.6M
Q4 24
$-777.0K
$57.7M
Q3 24
$24.2M
Q2 24
$11.5M
Q1 24
$-2.5M
$4.7M
FCF Margin
ETON
ETON
RBB
RBB
Q4 25
-54.5%
131.8%
Q3 25
52.3%
5.4%
Q2 25
60.2%
Q1 25
26.7%
Q4 24
-6.7%
201.0%
Q3 24
80.0%
Q2 24
42.0%
Q1 24
-31.2%
16.6%
Capex Intensity
ETON
ETON
RBB
RBB
Q4 25
0.2%
2.5%
Q3 25
1.3%
1.1%
Q2 25
0.0%
0.3%
Q1 25
0.0%
0.6%
Q4 24
0.1%
2.7%
Q3 24
0.0%
0.8%
Q2 24
0.0%
0.5%
Q1 24
0.2%
0.5%
Cash Conversion
ETON
ETON
RBB
RBB
Q4 25
-7.79×
4.26×
Q3 25
0.21×
Q2 25
2.32×
Q1 25
3.39×
Q4 24
13.34×
Q3 24
4.71×
3.50×
Q2 24
1.61×
Q1 24
0.60×

Financial Flow Comparison

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

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