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Side-by-side financial comparison of FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ) and Viridian Therapeutics, Inc.\DE (VRDN). Click either name above to swap in a different company.

Viridian Therapeutics, Inc.\DE is the larger business by last-quarter revenue ($70.6M vs $44.3M, roughly 1.6× FIRST BUSINESS FINANCIAL SERVICES, INC.). FIRST BUSINESS FINANCIAL SERVICES, INC. runs the higher net margin — 27.5% vs -49.0%, a 76.6% gap on every dollar of revenue. On growth, Viridian Therapeutics, Inc.\DE posted the faster year-over-year revenue change (81958.1% vs 8.5%).

The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is one of the largest banks in the US by assets and by number of branches, deposits, and ATMs.

Viridian Therapeutics is a clinical-stage biotechnology firm developing novel disease-modifying therapies for rare, serious autoimmune and inflammatory diseases. Its lead pipeline candidate targets thyroid eye disease, a debilitating orbital disorder, with primary market focus on North America and Europe.

FBIZ vs VRDN — Head-to-Head

Bigger by revenue
VRDN
VRDN
1.6× larger
VRDN
$70.6M
$44.3M
FBIZ
Growing faster (revenue YoY)
VRDN
VRDN
+81949.7% gap
VRDN
81958.1%
8.5%
FBIZ
Higher net margin
FBIZ
FBIZ
76.6% more per $
FBIZ
27.5%
-49.0%
VRDN

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
FBIZ
FBIZ
VRDN
VRDN
Revenue
$44.3M
$70.6M
Net Profit
$12.2M
$-34.6M
Gross Margin
Operating Margin
-56.7%
Net Margin
27.5%
-49.0%
Revenue YoY
8.5%
81958.1%
Net Profit YoY
9.2%
54.9%
EPS (diluted)
$1.44

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
FBIZ
FBIZ
VRDN
VRDN
Q1 26
$44.3M
Q4 25
$42.2M
Q3 25
$44.5M
$70.6M
Q2 25
$41.0M
Q1 25
$40.8M
Q4 24
$41.2M
Q3 24
$38.1M
Q2 24
$38.0M
Net Profit
FBIZ
FBIZ
VRDN
VRDN
Q1 26
$12.2M
Q4 25
$13.3M
Q3 25
$14.4M
$-34.6M
Q2 25
$11.4M
Q1 25
$11.2M
Q4 24
$14.4M
Q3 24
$10.5M
Q2 24
$10.5M
Operating Margin
FBIZ
FBIZ
VRDN
VRDN
Q1 26
Q4 25
38.5%
Q3 25
39.0%
-56.7%
Q2 25
32.6%
Q1 25
33.0%
Q4 24
37.2%
Q3 24
33.8%
Q2 24
32.6%
Net Margin
FBIZ
FBIZ
VRDN
VRDN
Q1 26
27.5%
Q4 25
31.6%
Q3 25
32.3%
-49.0%
Q2 25
27.8%
Q1 25
27.4%
Q4 24
35.0%
Q3 24
27.6%
Q2 24
27.5%
EPS (diluted)
FBIZ
FBIZ
VRDN
VRDN
Q1 26
$1.44
Q4 25
$1.57
Q3 25
$1.70
Q2 25
$1.35
Q1 25
$1.32
Q4 24
$1.69
Q3 24
$1.24
Q2 24
$1.23

Balance Sheet & Financial Strength

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

Metric
FBIZ
FBIZ
VRDN
VRDN
Cash + ST InvestmentsLiquidity on hand
$265.8M
$490.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$503.0M
Total Assets
$4.3B
$577.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FBIZ
FBIZ
VRDN
VRDN
Q1 26
$265.8M
Q4 25
$39.5M
Q3 25
$44.3M
$490.9M
Q2 25
$123.2M
Q1 25
$170.6M
Q4 24
$157.7M
Q3 24
$132.0M
Q2 24
$81.1M
Stockholders' Equity
FBIZ
FBIZ
VRDN
VRDN
Q1 26
Q4 25
$371.6M
Q3 25
$358.3M
$503.0M
Q2 25
$344.8M
Q1 25
$336.1M
Q4 24
$328.6M
Q3 24
$312.0M
Q2 24
$305.2M
Total Assets
FBIZ
FBIZ
VRDN
VRDN
Q1 26
$4.3B
Q4 25
$4.1B
Q3 25
$4.0B
$577.1M
Q2 25
$4.0B
Q1 25
$3.9B
Q4 24
$3.9B
Q3 24
$3.7B
Q2 24
$3.9B

Cash Flow & Capital Efficiency

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

Metric
FBIZ
FBIZ
VRDN
VRDN
Operating Cash FlowLast quarter
$-84.6M
Free Cash FlowOCF − Capex
$-84.7M
FCF MarginFCF / Revenue
-120.1%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FBIZ
FBIZ
VRDN
VRDN
Q1 26
Q4 25
$61.7M
Q3 25
$18.4M
$-84.6M
Q2 25
$15.8M
Q1 25
$11.3M
Q4 24
$57.5M
Q3 24
$13.8M
Q2 24
$13.1M
Free Cash Flow
FBIZ
FBIZ
VRDN
VRDN
Q1 26
Q4 25
$61.1M
Q3 25
$18.3M
$-84.7M
Q2 25
$15.5M
Q1 25
$11.2M
Q4 24
$57.3M
Q3 24
$13.2M
Q2 24
$12.7M
FCF Margin
FBIZ
FBIZ
VRDN
VRDN
Q1 26
Q4 25
144.7%
Q3 25
41.0%
-120.1%
Q2 25
37.8%
Q1 25
27.5%
Q4 24
139.2%
Q3 24
34.6%
Q2 24
33.3%
Capex Intensity
FBIZ
FBIZ
VRDN
VRDN
Q1 26
Q4 25
1.4%
Q3 25
0.3%
0.2%
Q2 25
0.8%
Q1 25
0.2%
Q4 24
0.5%
Q3 24
1.6%
Q2 24
1.1%
Cash Conversion
FBIZ
FBIZ
VRDN
VRDN
Q1 26
Q4 25
4.63×
Q3 25
1.28×
Q2 25
1.39×
Q1 25
1.01×
Q4 24
3.99×
Q3 24
1.31×
Q2 24
1.25×

Financial Flow Comparison

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

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