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Side-by-side financial comparison of EXACT SCIENCES CORP (EXAS) and Fluence Energy, Inc. (FLNC). Click either name above to swap in a different company.

EXACT SCIENCES CORP is the larger business by last-quarter revenue ($878.4M vs $475.2M, roughly 1.8× Fluence Energy, Inc.). Fluence Energy, Inc. runs the higher net margin — -9.5% vs -9.8%, a 0.3% gap on every dollar of revenue. On growth, Fluence Energy, Inc. posted the faster year-over-year revenue change (154.4% vs 23.1%). EXACT SCIENCES CORP produced more free cash flow last quarter ($120.4M vs $-232.6M). Over the past eight quarters, EXACT SCIENCES CORP's revenue compounded faster (17.4% CAGR vs -12.7%).

Exact Sciences Corporation is an American molecular diagnostics company based in Madison, Wisconsin, specializing in the detection of early-stage cancers. The company provides products for the detection and prevention of colorectal cancer, including Cologuard, the first stool DNA test for colorectal cancer, along with additional screening and precision oncological tests for other types of cancer.

Progress Energy was a power generation and distribution company. Prior to its merger with Duke Energy, it was a Fortune 500 energy company with more than 21,000 megawatts of generation capacity and $9 billion in annual revenues. Headquartered in Raleigh, North Carolina, Progress Energy includes two major electric utilities that serve approximately 3.1 million customers in the Carolinas and Florida. As an independent company, the last chairman and CEO of Progress Energy was William D. Johnson;...

EXAS vs FLNC — Head-to-Head

Bigger by revenue
EXAS
EXAS
1.8× larger
EXAS
$878.4M
$475.2M
FLNC
Growing faster (revenue YoY)
FLNC
FLNC
+131.3% gap
FLNC
154.4%
23.1%
EXAS
Higher net margin
FLNC
FLNC
0.3% more per $
FLNC
-9.5%
-9.8%
EXAS
More free cash flow
EXAS
EXAS
$353.1M more FCF
EXAS
$120.4M
$-232.6M
FLNC
Faster 2-yr revenue CAGR
EXAS
EXAS
Annualised
EXAS
17.4%
-12.7%
FLNC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EXAS
EXAS
FLNC
FLNC
Revenue
$878.4M
$475.2M
Net Profit
$-86.0M
$-45.1M
Gross Margin
70.1%
4.9%
Operating Margin
-9.4%
-14.8%
Net Margin
-9.8%
-9.5%
Revenue YoY
23.1%
154.4%
Net Profit YoY
90.1%
-8.7%
EPS (diluted)
$-0.45
$-0.34

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
EXAS
EXAS
FLNC
FLNC
Q4 25
$878.4M
$475.2M
Q3 25
$850.7M
$1.0B
Q2 25
$811.1M
$602.5M
Q1 25
$706.8M
$431.6M
Q4 24
$713.4M
$186.8M
Q3 24
$708.7M
$1.2B
Q2 24
$699.3M
$483.3M
Q1 24
$637.5M
$623.1M
Net Profit
EXAS
EXAS
FLNC
FLNC
Q4 25
$-86.0M
$-45.1M
Q3 25
$-19.6M
$17.9M
Q2 25
$-1.2M
$6.3M
Q1 25
$-101.2M
$-31.0M
Q4 24
$-864.6M
$-41.5M
Q3 24
$-38.2M
$47.8M
Q2 24
$-15.8M
$785.0K
Q1 24
$-110.2M
$-9.2M
Gross Margin
EXAS
EXAS
FLNC
FLNC
Q4 25
70.1%
4.9%
Q3 25
68.6%
13.7%
Q2 25
69.3%
14.8%
Q1 25
70.8%
9.9%
Q4 24
69.0%
11.4%
Q3 24
69.4%
12.8%
Q2 24
69.8%
17.2%
Q1 24
70.0%
10.3%
Operating Margin
EXAS
EXAS
FLNC
FLNC
Q4 25
-9.4%
-14.8%
Q3 25
-3.0%
4.4%
Q2 25
-0.3%
1.9%
Q1 25
-13.6%
-10.2%
Q4 24
-122.8%
-31.4%
Q3 24
-5.6%
6.2%
Q2 24
-3.8%
1.1%
Q1 24
-16.7%
-2.3%
Net Margin
EXAS
EXAS
FLNC
FLNC
Q4 25
-9.8%
-9.5%
Q3 25
-2.3%
1.7%
Q2 25
-0.1%
1.0%
Q1 25
-14.3%
-7.2%
Q4 24
-121.2%
-22.2%
Q3 24
-5.4%
3.9%
Q2 24
-2.3%
0.2%
Q1 24
-17.3%
-1.5%
EPS (diluted)
EXAS
EXAS
FLNC
FLNC
Q4 25
$-0.45
$-0.34
Q3 25
$-0.10
$0.18
Q2 25
$-0.01
$0.01
Q1 25
$-0.54
$-0.24
Q4 24
$-4.69
$-0.32
Q3 24
$-0.21
$0.34
Q2 24
$-0.09
$0.00
Q1 24
$-0.60
$-0.07

Balance Sheet & Financial Strength

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

Metric
EXAS
EXAS
FLNC
FLNC
Cash + ST InvestmentsLiquidity on hand
$964.7M
$452.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.4B
$388.0M
Total Assets
$5.9B
$2.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXAS
EXAS
FLNC
FLNC
Q4 25
$964.7M
$452.6M
Q3 25
$1.0B
$690.8M
Q2 25
$858.4M
$436.3M
Q1 25
$786.2M
$568.6M
Q4 24
$1.0B
$607.4M
Q3 24
$1.0B
$448.7M
Q2 24
$946.8M
$388.2M
Q1 24
$652.1M
$411.8M
Stockholders' Equity
EXAS
EXAS
FLNC
FLNC
Q4 25
$2.4B
$388.0M
Q3 25
$2.5B
$429.6M
Q2 25
$2.5B
$407.4M
Q1 25
$2.4B
$388.2M
Q4 24
$2.4B
$409.4M
Q3 24
$3.2B
$472.1M
Q2 24
$3.2B
$421.2M
Q1 24
$3.1B
$413.1M
Total Assets
EXAS
EXAS
FLNC
FLNC
Q4 25
$5.9B
$2.3B
Q3 25
$5.9B
$2.4B
Q2 25
$5.8B
$2.1B
Q1 25
$5.7B
$2.3B
Q4 24
$5.9B
$2.2B
Q3 24
$6.7B
$1.9B
Q2 24
$6.7B
$1.7B
Q1 24
$6.4B
$1.5B

Cash Flow & Capital Efficiency

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

Metric
EXAS
EXAS
FLNC
FLNC
Operating Cash FlowLast quarter
$151.7M
$-226.8M
Free Cash FlowOCF − Capex
$120.4M
$-232.6M
FCF MarginFCF / Revenue
13.7%
-48.9%
Capex IntensityCapex / Revenue
3.6%
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$356.8M
$-179.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXAS
EXAS
FLNC
FLNC
Q4 25
$151.7M
$-226.8M
Q3 25
$219.9M
$265.7M
Q2 25
$89.0M
$-153.9M
Q1 25
$30.8M
$-46.2M
Q4 24
$47.1M
$-211.2M
Q3 24
$138.7M
$10.5M
Q2 24
$107.1M
$-21.1M
Q1 24
$-82.3M
$70.9M
Free Cash Flow
EXAS
EXAS
FLNC
FLNC
Q4 25
$120.4M
$-232.6M
Q3 25
$190.0M
$260.9M
Q2 25
$46.7M
$-157.4M
Q1 25
$-365.0K
$-50.5M
Q4 24
$10.7M
$-213.3M
Q3 24
$112.6M
$7.3M
Q2 24
$71.2M
$-23.5M
Q1 24
$-120.0M
$69.9M
FCF Margin
EXAS
EXAS
FLNC
FLNC
Q4 25
13.7%
-48.9%
Q3 25
22.3%
25.0%
Q2 25
5.8%
-26.1%
Q1 25
-0.1%
-11.7%
Q4 24
1.5%
-114.2%
Q3 24
15.9%
0.6%
Q2 24
10.2%
-4.9%
Q1 24
-18.8%
11.2%
Capex Intensity
EXAS
EXAS
FLNC
FLNC
Q4 25
3.6%
1.2%
Q3 25
3.5%
0.5%
Q2 25
5.2%
0.6%
Q1 25
4.4%
1.0%
Q4 24
5.1%
1.1%
Q3 24
3.7%
0.3%
Q2 24
5.1%
0.5%
Q1 24
5.9%
0.2%
Cash Conversion
EXAS
EXAS
FLNC
FLNC
Q4 25
Q3 25
14.81×
Q2 25
-24.61×
Q1 25
Q4 24
Q3 24
0.22×
Q2 24
-26.87×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXAS
EXAS

Screening$695.1M79%
Precision Oncology$183.2M21%

FLNC
FLNC

Products$450.9M95%
Services$22.5M5%
Digital Applications And Solutions$1.9M0%

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