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Side-by-side financial comparison of FATE THERAPEUTICS INC (FATE) and mF International Ltd (MFI). Click either name above to swap in a different company.

mF International Ltd is the larger business by last-quarter revenue ($1.9M vs $1.4M, roughly 1.4× FATE THERAPEUTICS INC). On growth, mF International Ltd posted the faster year-over-year revenue change (20.2% vs -26.4%). mF International Ltd produced more free cash flow last quarter ($-339.2K vs $-112.0M).

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.

MF Global Holdings Ltd., formerly known as Man Financial, was a major global financial derivatives broker, or commodities brokerage firm that went bankrupt in 2011. MF Global provided exchange-traded derivatives, such as futures and options as well as over-the-counter products such as contracts for difference (CFDs), foreign exchange and spread betting. MF Global Inc., its broker-dealer subsidiary, was a primary dealer in United States Treasury securities. A series of perceived liquidity prob...

FATE vs MFI — Head-to-Head

Bigger by revenue
MFI
MFI
1.4× larger
MFI
$1.9M
$1.4M
FATE
Growing faster (revenue YoY)
MFI
MFI
+46.6% gap
MFI
20.2%
-26.4%
FATE
More free cash flow
MFI
MFI
$111.7M more FCF
MFI
$-339.2K
$-112.0M
FATE

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FATE
FATE
MFI
MFI
Revenue
$1.4M
$1.9M
Net Profit
$-1.7M
Gross Margin
35.5%
Operating Margin
-93.4%
Net Margin
-90.9%
Revenue YoY
-26.4%
20.2%
Net Profit YoY
37.9%
-145.6%
EPS (diluted)

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
MFI
MFI
Q4 25
$1.4M
Q3 25
$1.7M
Q2 25
$1.9M
$1.9M
Q1 25
$1.6M
Q4 24
$1.9M
Q3 24
$3.1M
Q2 24
$6.8M
$1.6M
Q1 24
$1.9M
Net Profit
FATE
FATE
MFI
MFI
Q4 25
Q3 25
$-32.3M
Q2 25
$-34.1M
$-1.7M
Q1 25
$-37.6M
Q4 24
Q3 24
$-47.7M
Q2 24
$-38.4M
$-710.3K
Q1 24
$-48.0M
Gross Margin
FATE
FATE
MFI
MFI
Q4 25
Q3 25
Q2 25
35.5%
Q1 25
Q4 24
Q3 24
Q2 24
42.4%
Q1 24
Operating Margin
FATE
FATE
MFI
MFI
Q4 25
Q3 25
-1995.1%
Q2 25
-1938.5%
-93.4%
Q1 25
-2534.1%
Q4 24
Q3 24
-1703.9%
Q2 24
-665.7%
-50.7%
Q1 24
-2652.9%
Net Margin
FATE
FATE
MFI
MFI
Q4 25
Q3 25
-1852.4%
Q2 25
-1786.6%
-90.9%
Q1 25
-2309.5%
Q4 24
Q3 24
-1551.0%
Q2 24
-567.4%
-44.5%
Q1 24
-2493.7%
EPS (diluted)
FATE
FATE
MFI
MFI
Q4 25
Q3 25
$-0.27
Q2 25
$-0.29
Q1 25
$-0.32
Q4 24
Q3 24
$-0.40
Q2 24
$-0.33
$-0.06
Q1 24
$-0.47

Balance Sheet & Financial Strength

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

Metric
FATE
FATE
MFI
MFI
Cash + ST InvestmentsLiquidity on hand
$203.7M
$1.6M
Total DebtLower is stronger
$518.6K
Stockholders' EquityBook value
$207.2M
$2.8M
Total Assets
$318.9M
$5.6M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FATE
FATE
MFI
MFI
Q4 25
$203.7M
Q3 25
$215.4M
Q2 25
$222.8M
$1.6M
Q1 25
$240.4M
Q4 24
$279.1M
Q3 24
$296.9M
Q2 24
$304.9M
$3.9M
Q1 24
$121.3M
Total Debt
FATE
FATE
MFI
MFI
Q4 25
Q3 25
Q2 25
$518.6K
Q1 25
Q4 24
Q3 24
Q2 24
$1.0M
Q1 24
Stockholders' Equity
FATE
FATE
MFI
MFI
Q4 25
$207.2M
Q3 25
$234.1M
Q2 25
$261.4M
$2.8M
Q1 25
$288.4M
Q4 24
$318.7M
Q3 24
$362.3M
Q2 24
$397.0M
$6.5M
Q1 24
$426.1M
Total Assets
FATE
FATE
MFI
MFI
Q4 25
$318.9M
Q3 25
$343.7M
Q2 25
$371.6M
$5.6M
Q1 25
$398.7M
Q4 24
$440.7M
Q3 24
$495.0M
Q2 24
$528.8M
$9.3M
Q1 24
$569.9M
Debt / Equity
FATE
FATE
MFI
MFI
Q4 25
Q3 25
Q2 25
0.18×
Q1 25
Q4 24
Q3 24
Q2 24
0.16×
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
FATE
FATE
MFI
MFI
Operating Cash FlowLast quarter
$-106.1M
$-335.3K
Free Cash FlowOCF − Capex
$-112.0M
$-339.2K
FCF MarginFCF / Revenue
-8183.9%
-17.7%
Capex IntensityCapex / Revenue
434.8%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-199.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FATE
FATE
MFI
MFI
Q4 25
$-106.1M
Q3 25
$-24.4M
Q2 25
$-24.6M
$-335.3K
Q1 25
$-33.8M
Q4 24
$-122.9M
Q3 24
$-29.4M
Q2 24
$-32.3M
$-2.3M
Q1 24
$-33.4M
Free Cash Flow
FATE
FATE
MFI
MFI
Q4 25
$-112.0M
Q3 25
$-26.6M
Q2 25
$-25.9M
$-339.2K
Q1 25
$-35.0M
Q4 24
$-123.6M
Q3 24
$-29.9M
Q2 24
$-32.4M
$-2.3M
Q1 24
$-33.4M
FCF Margin
FATE
FATE
MFI
MFI
Q4 25
-8183.9%
Q3 25
-1526.5%
Q2 25
-1360.7%
-17.7%
Q1 25
-2148.9%
Q4 24
-6645.4%
Q3 24
-973.1%
Q2 24
-477.8%
-142.0%
Q1 24
-1736.9%
Capex Intensity
FATE
FATE
MFI
MFI
Q4 25
434.8%
Q3 25
126.5%
Q2 25
71.4%
0.2%
Q1 25
73.4%
Q4 24
39.2%
Q3 24
16.1%
Q2 24
0.8%
0.1%
Q1 24
4.5%

Financial Flow Comparison

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

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