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Side-by-side financial comparison of Primis Financial Corp. (FRST) and RECURSION PHARMACEUTICALS, INC. (RXRX). Click either name above to swap in a different company.

Primis Financial Corp. is the larger business by last-quarter revenue ($45.6M vs $35.5M, roughly 1.3× RECURSION PHARMACEUTICALS, INC.). Primis Financial Corp. runs the higher net margin — 16.0% vs -304.2%, a 320.3% gap on every dollar of revenue. Over the past eight quarters, RECURSION PHARMACEUTICALS, INC.'s revenue compounded faster (60.5% CAGR vs 13.0%).

Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.

Recursion Pharmaceuticals is a clinical-stage biotechnology company that combines artificial intelligence and large-scale high-throughput biological experimentation to discover and develop innovative therapies for rare diseases, oncology, inflammatory disorders, and other areas of unmet medical need. It primarily operates in North America and partners with global biopharmaceutical firms to advance its robust therapeutic pipeline.

FRST vs RXRX — Head-to-Head

Bigger by revenue
FRST
FRST
1.3× larger
FRST
$45.6M
$35.5M
RXRX
Higher net margin
FRST
FRST
320.3% more per $
FRST
16.0%
-304.2%
RXRX
Faster 2-yr revenue CAGR
RXRX
RXRX
Annualised
RXRX
60.5%
13.0%
FRST

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRST
FRST
RXRX
RXRX
Revenue
$45.6M
$35.5M
Net Profit
$7.3M
$-108.1M
Gross Margin
59.8%
Operating Margin
-304.8%
Net Margin
16.0%
-304.2%
Revenue YoY
681.7%
Net Profit YoY
-61.6%
39.6%
EPS (diluted)
$0.30
$-0.17

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
FRST
FRST
RXRX
RXRX
Q1 26
$45.6M
Q4 25
$80.9M
$35.5M
Q3 25
$41.0M
$5.2M
Q2 25
$43.2M
$19.2M
Q1 25
$58.7M
$14.7M
Q4 24
$38.8M
$4.5M
Q3 24
$37.3M
$26.1M
Q2 24
$35.7M
$14.4M
Net Profit
FRST
FRST
RXRX
RXRX
Q1 26
$7.3M
Q4 25
$29.5M
$-108.1M
Q3 25
$6.8M
$-162.3M
Q2 25
$2.4M
$-171.9M
Q1 25
$22.6M
$-202.5M
Q4 24
$-26.2M
$-178.9M
Q3 24
$1.2M
$-95.8M
Q2 24
$3.4M
$-97.5M
Gross Margin
FRST
FRST
RXRX
RXRX
Q1 26
Q4 25
59.8%
Q3 25
-183.8%
Q2 25
-4.9%
Q1 25
-48.0%
Q4 24
-181.4%
Q3 24
53.7%
Q2 24
36.2%
Operating Margin
FRST
FRST
RXRX
RXRX
Q1 26
Q4 25
44.8%
-304.8%
Q3 25
21.3%
-3327.6%
Q2 25
6.9%
-916.8%
Q1 25
41.9%
-1297.9%
Q4 24
-123.0%
-4042.4%
Q3 24
-3.1%
-377.1%
Q2 24
7.8%
-697.4%
Net Margin
FRST
FRST
RXRX
RXRX
Q1 26
16.0%
Q4 25
36.5%
-304.2%
Q3 25
16.7%
-3135.3%
Q2 25
5.6%
-894.2%
Q1 25
38.6%
-1373.3%
Q4 24
-100.3%
-3935.5%
Q3 24
3.3%
-367.5%
Q2 24
9.6%
-676.6%
EPS (diluted)
FRST
FRST
RXRX
RXRX
Q1 26
$0.30
Q4 25
$1.19
$-0.17
Q3 25
$0.28
$-0.36
Q2 25
$0.10
$-0.41
Q1 25
$0.92
$-0.50
Q4 24
$-0.95
$-0.56
Q3 24
$0.05
$-0.34
Q2 24
$0.14
$-0.40

Balance Sheet & Financial Strength

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

Metric
FRST
FRST
RXRX
RXRX
Cash + ST InvestmentsLiquidity on hand
$159.9M
$743.3M
Total DebtLower is stronger
$9.6M
Stockholders' EquityBook value
$427.2M
$1.1B
Total Assets
$4.3B
$1.5B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRST
FRST
RXRX
RXRX
Q1 26
$159.9M
Q4 25
$143.6M
$743.3M
Q3 25
$63.9M
$659.8M
Q2 25
$94.1M
$525.1M
Q1 25
$57.0M
$500.5M
Q4 24
$64.5M
$594.4M
Q3 24
$77.3M
$427.6M
Q2 24
$66.6M
$474.3M
Total Debt
FRST
FRST
RXRX
RXRX
Q1 26
Q4 25
$9.6M
Q3 25
$11.9M
Q2 25
$14.2M
Q1 25
$16.4M
Q4 24
$19.0M
Q3 24
$20.5M
Q2 24
$22.9M
Stockholders' Equity
FRST
FRST
RXRX
RXRX
Q1 26
$427.2M
Q4 25
$422.9M
$1.1B
Q3 25
$382.2M
$1.0B
Q2 25
$376.4M
$919.1M
Q1 25
$375.6M
$933.9M
Q4 24
$351.8M
$1.0B
Q3 24
$381.0M
$524.6M
Q2 24
$376.0M
$584.4M
Total Assets
FRST
FRST
RXRX
RXRX
Q1 26
$4.3B
Q4 25
$4.0B
$1.5B
Q3 25
$4.0B
$1.4B
Q2 25
$3.9B
$1.3B
Q1 25
$3.7B
$1.3B
Q4 24
$3.7B
$1.4B
Q3 24
$4.0B
$726.5M
Q2 24
$4.0B
$775.9M
Debt / Equity
FRST
FRST
RXRX
RXRX
Q1 26
Q4 25
0.01×
Q3 25
0.01×
Q2 25
0.02×
Q1 25
0.02×
Q4 24
0.02×
Q3 24
0.04×
Q2 24
0.04×

Cash Flow & Capital Efficiency

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

Metric
FRST
FRST
RXRX
RXRX
Operating Cash FlowLast quarter
$-46.1M
Free Cash FlowOCF − Capex
$-47.3M
FCF MarginFCF / Revenue
-133.1%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-378.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRST
FRST
RXRX
RXRX
Q1 26
Q4 25
$10.8M
$-46.1M
Q3 25
$-11.4M
$-117.4M
Q2 25
$-41.0M
$-76.4M
Q1 25
$34.4M
$-132.0M
Q4 24
$19.5M
$-115.4M
Q3 24
$6.1M
$-59.2M
Q2 24
$52.3M
$-82.2M
Free Cash Flow
FRST
FRST
RXRX
RXRX
Q1 26
Q4 25
$9.0M
$-47.3M
Q3 25
$-117.6M
Q2 25
$-79.6M
Q1 25
$-133.8M
Q4 24
$18.3M
$-116.7M
Q3 24
$-63.8M
Q2 24
$-83.4M
FCF Margin
FRST
FRST
RXRX
RXRX
Q1 26
Q4 25
11.2%
-133.1%
Q3 25
-2272.5%
Q2 25
-413.9%
Q1 25
-907.4%
Q4 24
47.3%
-2567.7%
Q3 24
-244.6%
Q2 24
-578.5%
Capex Intensity
FRST
FRST
RXRX
RXRX
Q1 26
Q4 25
2.1%
3.5%
Q3 25
4.7%
Q2 25
16.4%
Q1 25
12.4%
Q4 24
3.1%
28.6%
Q3 24
0.0%
17.5%
Q2 24
0.0%
8.2%
Cash Conversion
FRST
FRST
RXRX
RXRX
Q1 26
Q4 25
0.36×
Q3 25
-1.67×
Q2 25
-16.82×
Q1 25
1.52×
Q4 24
Q3 24
4.93×
Q2 24
15.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRST
FRST

Net Interest Income$32.1M70%
Noninterest Income$13.6M30%

RXRX
RXRX

Segment breakdown not available.

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