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

Marwynn Holdings, Inc. is the larger business by last-quarter revenue ($2.3M vs $1.4M, roughly 1.7× FATE THERAPEUTICS INC). On growth, Marwynn Holdings, Inc. posted the faster year-over-year revenue change (-13.3% vs -26.4%).

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.

Marwynn Holdings, Inc. is a Canada-based investment holding company focused on acquiring, managing, and scaling middle-market businesses primarily across North America. Its core operating segments cover industrial products, consumer goods, and technology-enabled services, targeting sustainable long-term value creation for its stakeholders.

FATE vs MWYN — Head-to-Head

Bigger by revenue
MWYN
MWYN
1.7× larger
MWYN
$2.3M
$1.4M
FATE
Growing faster (revenue YoY)
MWYN
MWYN
+13.1% gap
MWYN
-13.3%
-26.4%
FATE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FATE
FATE
MWYN
MWYN
Revenue
$1.4M
$2.3M
Net Profit
$-2.7M
Gross Margin
42.4%
Operating Margin
-115.8%
Net Margin
-116.0%
Revenue YoY
-26.4%
-13.3%
Net Profit YoY
37.9%
-11713.9%
EPS (diluted)
$-0.16

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
MWYN
MWYN
Q4 25
$1.4M
Q3 25
$1.7M
$2.3M
Q2 25
$1.9M
Q1 25
$1.6M
$623.7K
Q4 24
$1.9M
Q3 24
$3.1M
Q2 24
$6.8M
Q1 24
$1.9M
Net Profit
FATE
FATE
MWYN
MWYN
Q4 25
Q3 25
$-32.3M
$-2.7M
Q2 25
$-34.1M
Q1 25
$-37.6M
$23.4K
Q4 24
Q3 24
$-47.7M
Q2 24
$-38.4M
Q1 24
$-48.0M
Gross Margin
FATE
FATE
MWYN
MWYN
Q4 25
Q3 25
42.4%
Q2 25
Q1 25
39.2%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
FATE
FATE
MWYN
MWYN
Q4 25
Q3 25
-1995.1%
-115.8%
Q2 25
-1938.5%
Q1 25
-2534.1%
13.5%
Q4 24
Q3 24
-1703.9%
Q2 24
-665.7%
Q1 24
-2652.9%
Net Margin
FATE
FATE
MWYN
MWYN
Q4 25
Q3 25
-1852.4%
-116.0%
Q2 25
-1786.6%
Q1 25
-2309.5%
3.8%
Q4 24
Q3 24
-1551.0%
Q2 24
-567.4%
Q1 24
-2493.7%
EPS (diluted)
FATE
FATE
MWYN
MWYN
Q4 25
Q3 25
$-0.27
$-0.16
Q2 25
$-0.29
Q1 25
$-0.32
$0.00
Q4 24
Q3 24
$-0.40
Q2 24
$-0.33
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
MWYN
MWYN
Cash + ST InvestmentsLiquidity on hand
$203.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$207.2M
$2.3M
Total Assets
$318.9M
$11.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FATE
FATE
MWYN
MWYN
Q4 25
$203.7M
Q3 25
$215.4M
Q2 25
$222.8M
Q1 25
$240.4M
$480
Q4 24
$279.1M
Q3 24
$296.9M
Q2 24
$304.9M
Q1 24
$121.3M
Stockholders' Equity
FATE
FATE
MWYN
MWYN
Q4 25
$207.2M
Q3 25
$234.1M
$2.3M
Q2 25
$261.4M
Q1 25
$288.4M
$2.4M
Q4 24
$318.7M
Q3 24
$362.3M
Q2 24
$397.0M
Q1 24
$426.1M
Total Assets
FATE
FATE
MWYN
MWYN
Q4 25
$318.9M
Q3 25
$343.7M
$11.6M
Q2 25
$371.6M
Q1 25
$398.7M
$12.6M
Q4 24
$440.7M
Q3 24
$495.0M
Q2 24
$528.8M
Q1 24
$569.9M

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
MWYN
MWYN
Operating Cash FlowLast quarter
$-106.1M
$-95.1K
Free Cash FlowOCF − Capex
$-112.0M
FCF MarginFCF / Revenue
-8183.9%
Capex IntensityCapex / Revenue
434.8%
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
MWYN
MWYN
Q4 25
$-106.1M
Q3 25
$-24.4M
$-95.1K
Q2 25
$-24.6M
Q1 25
$-33.8M
Q4 24
$-122.9M
Q3 24
$-29.4M
Q2 24
$-32.3M
Q1 24
$-33.4M
Free Cash Flow
FATE
FATE
MWYN
MWYN
Q4 25
$-112.0M
Q3 25
$-26.6M
Q2 25
$-25.9M
Q1 25
$-35.0M
Q4 24
$-123.6M
Q3 24
$-29.9M
Q2 24
$-32.4M
Q1 24
$-33.4M
FCF Margin
FATE
FATE
MWYN
MWYN
Q4 25
-8183.9%
Q3 25
-1526.5%
Q2 25
-1360.7%
Q1 25
-2148.9%
Q4 24
-6645.4%
Q3 24
-973.1%
Q2 24
-477.8%
Q1 24
-1736.9%
Capex Intensity
FATE
FATE
MWYN
MWYN
Q4 25
434.8%
Q3 25
126.5%
Q2 25
71.4%
Q1 25
73.4%
Q4 24
39.2%
Q3 24
16.1%
Q2 24
0.8%
Q1 24
4.5%

Financial Flow Comparison

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

Revenue Breakdown by Segment

FATE
FATE

Segment breakdown not available.

MWYN
MWYN

Other$1.3M57%
Revenue From Recyclable Ewaste Materials Sales$1.0M43%

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