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Side-by-side financial comparison of FATE THERAPEUTICS INC (FATE) and Marathon Bancorp, Inc. (MBBC). Click either name above to swap in a different company.

Marathon Bancorp, Inc. is the larger business by last-quarter revenue ($2.2M vs $1.4M, roughly 1.6× FATE THERAPEUTICS INC). On growth, Marathon Bancorp, Inc. posted the faster year-over-year revenue change (41.7% vs -26.4%). Marathon Bancorp, Inc. produced more free cash flow last quarter ($1.4M vs $-112.0M). Over the past eight quarters, Marathon Bancorp, Inc.'s revenue compounded faster (20.3% CAGR vs -15.7%).

Insys Therapeutics was an American specialty pharmaceutical company based in Chandler, Arizona in 1990. Its main product was Subsys, a sublingual liquid form of the drug fentanyl. Fentanyl is an extremely fast-acting and powerful opioid used to relieve breakthrough pain in cancer patients, and prescription of fentanyl in the US for such pain usually requires documented failure of more conservative therapies.

Marathon Bancorp, Inc. is a Maryland-based financial holding company that primarily operates through its community bank subsidiary. It offers a full range of retail and commercial banking products including deposit accounts, consumer loans, commercial mortgages, and small business financing, serving individual and small-to-medium enterprise customers across local markets in Maryland.

FATE vs MBBC — Head-to-Head

Bigger by revenue
MBBC
MBBC
1.6× larger
MBBC
$2.2M
$1.4M
FATE
Growing faster (revenue YoY)
MBBC
MBBC
+68.1% gap
MBBC
41.7%
-26.4%
FATE
More free cash flow
MBBC
MBBC
$113.4M more FCF
MBBC
$1.4M
$-112.0M
FATE
Faster 2-yr revenue CAGR
MBBC
MBBC
Annualised
MBBC
20.3%
-15.7%
FATE

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FATE
FATE
MBBC
MBBC
Revenue
$1.4M
$2.2M
Net Profit
$501.4K
Gross Margin
Operating Margin
26.2%
Net Margin
22.3%
Revenue YoY
-26.4%
41.7%
Net Profit YoY
37.9%
880.7%
EPS (diluted)
$0.19

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
FATE
FATE
MBBC
MBBC
Q4 25
$1.4M
$2.2M
Q3 25
$1.7M
$2.1M
Q2 25
$1.9M
$1.9M
Q1 25
$1.6M
$1.7M
Q4 24
$1.9M
$1.6M
Q3 24
$3.1M
$1.6M
Q2 24
$6.8M
$1.6M
Q1 24
$1.9M
$1.6M
Net Profit
FATE
FATE
MBBC
MBBC
Q4 25
$501.4K
Q3 25
$-32.3M
$444.3K
Q2 25
$-34.1M
$-332.0K
Q1 25
$-37.6M
$148.4K
Q4 24
$51.1K
Q3 24
$-47.7M
$174.9K
Q2 24
$-38.4M
$85.8K
Q1 24
$-48.0M
$-631.1K
Operating Margin
FATE
FATE
MBBC
MBBC
Q4 25
26.2%
Q3 25
-1995.1%
25.5%
Q2 25
-1938.5%
-25.7%
Q1 25
-2534.1%
11.6%
Q4 24
3.3%
Q3 24
-1703.9%
13.4%
Q2 24
-665.7%
4.1%
Q1 24
-2652.9%
-53.7%
Net Margin
FATE
FATE
MBBC
MBBC
Q4 25
22.3%
Q3 25
-1852.4%
20.7%
Q2 25
-1786.6%
-18.9%
Q1 25
-2309.5%
8.9%
Q4 24
3.2%
Q3 24
-1551.0%
10.8%
Q2 24
-567.4%
6.2%
Q1 24
-2493.7%
-40.7%
EPS (diluted)
FATE
FATE
MBBC
MBBC
Q4 25
$0.19
Q3 25
$-0.27
$0.17
Q2 25
$-0.29
$-0.13
Q1 25
$-0.32
$0.07
Q4 24
$0.02
Q3 24
$-0.40
$0.06
Q2 24
$-0.33
$0.07
Q1 24
$-0.47
$-0.31

Balance Sheet & Financial Strength

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

Metric
FATE
FATE
MBBC
MBBC
Cash + ST InvestmentsLiquidity on hand
$203.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$207.2M
$46.9M
Total Assets
$318.9M
$248.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FATE
FATE
MBBC
MBBC
Q4 25
$203.7M
Q3 25
$215.4M
Q2 25
$222.8M
Q1 25
$240.4M
Q4 24
$279.1M
Q3 24
$296.9M
Q2 24
$304.9M
Q1 24
$121.3M
Stockholders' Equity
FATE
FATE
MBBC
MBBC
Q4 25
$207.2M
$46.9M
Q3 25
$234.1M
$46.3M
Q2 25
$261.4M
$45.7M
Q1 25
$288.4M
$32.0M
Q4 24
$318.7M
$31.7M
Q3 24
$362.3M
$31.6M
Q2 24
$397.0M
$31.3M
Q1 24
$426.1M
$31.4M
Total Assets
FATE
FATE
MBBC
MBBC
Q4 25
$318.9M
$248.0M
Q3 25
$343.7M
$246.0M
Q2 25
$371.6M
$238.8M
Q1 25
$398.7M
$236.8M
Q4 24
$440.7M
$217.9M
Q3 24
$495.0M
$216.5M
Q2 24
$528.8M
$219.3M
Q1 24
$569.9M
$225.8M

Cash Flow & Capital Efficiency

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

Metric
FATE
FATE
MBBC
MBBC
Operating Cash FlowLast quarter
$-106.1M
$1.4M
Free Cash FlowOCF − Capex
$-112.0M
$1.4M
FCF MarginFCF / Revenue
-8183.9%
62.3%
Capex IntensityCapex / Revenue
434.8%
0.6%
Cash ConversionOCF / Net Profit
2.82×
TTM Free Cash FlowTrailing 4 quarters
$-199.6M
$3.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FATE
FATE
MBBC
MBBC
Q4 25
$-106.1M
$1.4M
Q3 25
$-24.4M
$464.0K
Q2 25
$-24.6M
$1.4M
Q1 25
$-33.8M
$849.0K
Q4 24
$-122.9M
$113.6K
Q3 24
$-29.4M
$945.2K
Q2 24
$-32.3M
$416.6K
Q1 24
$-33.4M
$-802.1K
Free Cash Flow
FATE
FATE
MBBC
MBBC
Q4 25
$-112.0M
$1.4M
Q3 25
$-26.6M
$456.6K
Q2 25
$-25.9M
$1.3M
Q1 25
$-35.0M
$773.2K
Q4 24
$-123.6M
$105.0K
Q3 24
$-29.9M
$921.6K
Q2 24
$-32.4M
$-1.8M
Q1 24
$-33.4M
$-1.1M
FCF Margin
FATE
FATE
MBBC
MBBC
Q4 25
-8183.9%
62.3%
Q3 25
-1526.5%
21.3%
Q2 25
-1360.7%
66.0%
Q1 25
-2148.9%
46.3%
Q4 24
-6645.4%
6.6%
Q3 24
-973.1%
57.1%
Q2 24
-477.8%
-118.5%
Q1 24
-1736.9%
-67.9%
Capex Intensity
FATE
FATE
MBBC
MBBC
Q4 25
434.8%
0.6%
Q3 25
126.5%
0.3%
Q2 25
71.4%
9.3%
Q1 25
73.4%
4.5%
Q4 24
39.2%
0.5%
Q3 24
16.1%
1.5%
Q2 24
0.8%
145.2%
Q1 24
4.5%
16.2%
Cash Conversion
FATE
FATE
MBBC
MBBC
Q4 25
2.82×
Q3 25
1.04×
Q2 25
Q1 25
5.72×
Q4 24
2.22×
Q3 24
5.40×
Q2 24
4.85×
Q1 24

Financial Flow Comparison

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

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