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Side-by-side financial comparison of Finwise Bancorp (FINW) and STEM, INC. (STEM). Click either name above to swap in a different company.
STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $42.7M, roughly 1.1× Finwise Bancorp). Finwise Bancorp runs the higher net margin — 6.4% vs -33.9%, a 40.3% gap on every dollar of revenue. Over the past eight quarters, Finwise Bancorp's revenue compounded faster (47.0% CAGR vs 36.1%).
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
FINW vs STEM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $42.7M | $47.1M |
| Net Profit | $2.7M | $-16.0M |
| Gross Margin | — | 48.9% |
| Operating Margin | — | -17.7% |
| Net Margin | 6.4% | -33.9% |
| Revenue YoY | — | -15.6% |
| Net Profit YoY | — | 68.8% |
| EPS (diluted) | $0.20 | $-4.40 |
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.
| Q1 26 | $42.7M | — | ||
| Q4 25 | $46.9M | $47.1M | ||
| Q3 25 | $36.7M | $38.2M | ||
| Q2 25 | $25.1M | $38.4M | ||
| Q1 25 | $22.1M | $32.5M | ||
| Q4 24 | $21.1M | $55.8M | ||
| Q3 24 | $20.8M | $29.3M | ||
| Q2 24 | $19.8M | $34.0M |
| Q1 26 | $2.7M | — | ||
| Q4 25 | $3.9M | $-16.0M | ||
| Q3 25 | $4.9M | $-23.8M | ||
| Q2 25 | $4.1M | $202.5M | ||
| Q1 25 | $3.2M | $-25.0M | ||
| Q4 24 | $2.8M | $-51.1M | ||
| Q3 24 | $3.5M | $-148.3M | ||
| Q2 24 | $3.2M | $-582.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 27.6% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | -17.7% | ||
| Q3 25 | 17.5% | -33.6% | ||
| Q2 25 | 21.7% | -34.8% | ||
| Q1 25 | 20.1% | -65.0% | ||
| Q4 24 | 17.5% | -84.4% | ||
| Q3 24 | 22.2% | -493.2% | ||
| Q2 24 | 21.1% | -1705.5% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 8.4% | -33.9% | ||
| Q3 25 | 13.3% | -62.2% | ||
| Q2 25 | 16.3% | 527.8% | ||
| Q1 25 | 14.4% | -76.9% | ||
| Q4 24 | 13.2% | -91.6% | ||
| Q3 24 | 16.6% | -506.3% | ||
| Q2 24 | 16.1% | -1712.6% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.27 | $-4.40 | ||
| Q3 25 | $0.34 | $-2.84 | ||
| Q2 25 | $0.29 | $-1.79 | ||
| Q1 25 | $0.23 | $-0.15 | ||
| Q4 24 | $0.19 | $-15.29 | ||
| Q3 24 | $0.25 | $-18.24 | ||
| Q2 24 | $0.24 | $-71.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $48.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $196.6M | $-249.4M |
| Total Assets | $899.4M | $308.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $163.4M | $48.9M | ||
| Q3 25 | $105.6M | $43.1M | ||
| Q2 25 | $90.1M | $40.8M | ||
| Q1 25 | $120.3M | $58.6M | ||
| Q4 24 | $109.2M | $56.3M | ||
| Q3 24 | $85.8M | $75.4M | ||
| Q2 24 | $89.0M | $89.6M |
| Q1 26 | $196.6M | — | ||
| Q4 25 | $193.2M | $-249.4M | ||
| Q3 25 | $187.8M | $-235.7M | ||
| Q2 25 | $182.0M | $-214.1M | ||
| Q1 25 | $177.4M | $-417.5M | ||
| Q4 24 | $173.7M | $-398.4M | ||
| Q3 24 | $170.4M | $-344.1M | ||
| Q2 24 | $165.8M | $-203.2M |
| Q1 26 | $899.4M | — | ||
| Q4 25 | $977.1M | $308.9M | ||
| Q3 25 | $899.9M | $362.6M | ||
| Q2 25 | $842.5M | $379.2M | ||
| Q1 25 | $804.1M | $405.1M | ||
| Q4 24 | $746.0M | $437.4M | ||
| Q3 24 | $683.0M | $537.8M | ||
| Q2 24 | $617.8M | $691.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $8.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-28.4M | $8.2M | ||
| Q3 25 | $3.5M | $11.4M | ||
| Q2 25 | $-18.3M | $-21.3M | ||
| Q1 25 | $-21.6M | $8.5M | ||
| Q4 24 | $-15.0M | $-14.7M | ||
| Q3 24 | $-9.8M | $-9.4M | ||
| Q2 24 | $-7.6M | $-11.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-28.6M | — | ||
| Q3 25 | $3.4M | — | ||
| Q2 25 | $-19.8M | — | ||
| Q1 25 | $-23.3M | — | ||
| Q4 24 | $-16.1M | — | ||
| Q3 24 | $-13.4M | — | ||
| Q2 24 | $-7.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | -61.1% | — | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | -79.0% | — | ||
| Q1 25 | -105.3% | — | ||
| Q4 24 | -76.0% | — | ||
| Q3 24 | -64.3% | — | ||
| Q2 24 | -38.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 7.4% | — | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 17.2% | — | ||
| Q2 24 | 0.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | -7.26× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | -4.48× | -0.11× | ||
| Q1 25 | -6.78× | — | ||
| Q4 24 | -5.37× | — | ||
| Q3 24 | -2.84× | — | ||
| Q2 24 | -2.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
STEM
Segment breakdown not available.
