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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and UNITED SECURITY BANCSHARES (UBFO). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $13.5M, roughly 1.0× UNITED SECURITY BANCSHARES). UNITED SECURITY BANCSHARES runs the higher net margin — 25.2% vs -34.7%, a 59.9% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 13.6%). Over the past eight quarters, UNITED SECURITY BANCSHARES's revenue compounded faster (3.0% CAGR vs -26.3%).

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

United Security Bancshares is a bank holding company headquartered in Fresno, California. It operates 11 branches.

FENC vs UBFO — Head-to-Head

Bigger by revenue
FENC
FENC
1.0× larger
FENC
$13.8M
$13.5M
UBFO
Growing faster (revenue YoY)
FENC
FENC
+60.2% gap
FENC
73.8%
13.6%
UBFO
Higher net margin
UBFO
UBFO
59.9% more per $
UBFO
25.2%
-34.7%
FENC
Faster 2-yr revenue CAGR
UBFO
UBFO
Annualised
UBFO
3.0%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FENC
FENC
UBFO
UBFO
Revenue
$13.8M
$13.5M
Net Profit
$-4.8M
$3.4M
Gross Margin
Operating Margin
-18.5%
31.5%
Net Margin
-34.7%
25.2%
Revenue YoY
73.8%
13.6%
Net Profit YoY
-141.1%
36.8%
EPS (diluted)
$-0.17
$0.18

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
FENC
FENC
UBFO
UBFO
Q4 25
$13.8M
$13.5M
Q3 25
$12.5M
$14.0M
Q2 25
$9.7M
$12.6M
Q1 25
$8.8M
$13.7M
Q4 24
$7.9M
$11.9M
Q3 24
$7.0M
$13.8M
Q2 24
$7.3M
$13.0M
Q1 24
$25.4M
$12.8M
Net Profit
FENC
FENC
UBFO
UBFO
Q4 25
$-4.8M
$3.4M
Q3 25
$-638.0K
$4.0M
Q2 25
$-3.2M
$2.2M
Q1 25
$-1.2M
$2.7M
Q4 24
$-2.0M
$2.5M
Q3 24
$-5.7M
$3.8M
Q2 24
$-5.6M
$4.3M
Q1 24
$12.8M
$4.2M
Operating Margin
FENC
FENC
UBFO
UBFO
Q4 25
-18.5%
31.5%
Q3 25
-1.5%
40.3%
Q2 25
-28.3%
24.0%
Q1 25
-9.2%
27.5%
Q4 24
-11.8%
27.5%
Q3 24
-74.6%
37.1%
Q2 24
-69.4%
46.4%
Q1 24
54.2%
45.9%
Net Margin
FENC
FENC
UBFO
UBFO
Q4 25
-34.7%
25.2%
Q3 25
-5.1%
28.7%
Q2 25
-32.7%
17.2%
Q1 25
-13.3%
19.6%
Q4 24
-25.0%
20.9%
Q3 24
-82.2%
27.7%
Q2 24
-76.5%
33.0%
Q1 24
50.6%
32.6%
EPS (diluted)
FENC
FENC
UBFO
UBFO
Q4 25
$-0.17
$0.18
Q3 25
$-0.02
$0.23
Q2 25
$-0.11
$0.13
Q1 25
$-0.04
$0.16
Q4 24
$-0.02
$0.14
Q3 24
$-0.21
$0.22
Q2 24
$-0.20
$0.25
Q1 24
$0.41
$0.24

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
UBFO
UBFO
Cash + ST InvestmentsLiquidity on hand
$36.8M
$264.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.5M
$139.7M
Total Assets
$70.6M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
UBFO
UBFO
Q4 25
$36.8M
$264.2M
Q3 25
$21.9M
$211.1M
Q2 25
$18.7M
$199.5M
Q1 25
$22.7M
$198.4M
Q4 24
$26.6M
$216.9M
Q3 24
$40.3M
$216.8M
Q2 24
$43.1M
$166.3M
Q1 24
$51.2M
$168.6M
Total Debt
FENC
FENC
UBFO
UBFO
Q4 25
Q3 25
$19.4M
Q2 25
$19.4M
Q1 25
$19.4M
Q4 24
$19.3M
Q3 24
$32.1M
Q2 24
$31.8M
Q1 24
$31.3M
Stockholders' Equity
FENC
FENC
UBFO
UBFO
Q4 25
$35.5M
$139.7M
Q3 25
$-4.5M
$137.4M
Q2 25
$-7.5M
$134.3M
Q1 25
$-5.9M
$132.9M
Q4 24
$-5.9M
$130.4M
Q3 24
$-5.2M
$132.9M
Q2 24
$-1.4M
$127.3M
Q1 24
$3.0M
$124.2M
Total Assets
FENC
FENC
UBFO
UBFO
Q4 25
$70.6M
$1.2B
Q3 25
$49.3M
$1.2B
Q2 25
$44.9M
$1.2B
Q1 25
$46.4M
$1.2B
Q4 24
$44.9M
$1.2B
Q3 24
$58.9M
$1.3B
Q2 24
$63.2M
$1.2B
Q1 24
$69.2M
$1.2B
Debt / Equity
FENC
FENC
UBFO
UBFO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
10.40×

Cash Flow & Capital Efficiency

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

Metric
FENC
FENC
UBFO
UBFO
Operating Cash FlowLast quarter
$-6.0M
$22.1M
Free Cash FlowOCF − Capex
$19.8M
FCF MarginFCF / Revenue
146.0%
Capex IntensityCapex / Revenue
16.8%
Cash ConversionOCF / Net Profit
6.46×
TTM Free Cash FlowTrailing 4 quarters
$36.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
UBFO
UBFO
Q4 25
$-6.0M
$22.1M
Q3 25
$1.5M
$7.0M
Q2 25
$-3.7M
$8.7M
Q1 25
$-4.3M
$3.0M
Q4 24
$-1.5M
$19.6M
Q3 24
$-2.2M
$5.4M
Q2 24
$-8.4M
$2.3M
Q1 24
$39.0M
$7.4M
Free Cash Flow
FENC
FENC
UBFO
UBFO
Q4 25
$19.8M
Q3 25
$6.1M
Q2 25
$8.1M
Q1 25
$2.9M
Q4 24
$18.6M
Q3 24
$5.3M
Q2 24
$2.0M
Q1 24
$7.0M
FCF Margin
FENC
FENC
UBFO
UBFO
Q4 25
146.0%
Q3 25
43.7%
Q2 25
64.3%
Q1 25
21.2%
Q4 24
156.0%
Q3 24
38.1%
Q2 24
15.5%
Q1 24
54.8%
Capex Intensity
FENC
FENC
UBFO
UBFO
Q4 25
16.8%
Q3 25
6.0%
Q2 25
4.6%
Q1 25
0.9%
Q4 24
8.7%
Q3 24
0.7%
Q2 24
2.2%
Q1 24
3.6%
Cash Conversion
FENC
FENC
UBFO
UBFO
Q4 25
6.46×
Q3 25
1.73×
Q2 25
4.01×
Q1 25
1.13×
Q4 24
7.87×
Q3 24
1.40×
Q2 24
0.54×
Q1 24
3.04×
1.79×

Financial Flow Comparison

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

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