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Side-by-side financial comparison of FrontView REIT, Inc. (FVR) and FIBROGEN INC (KYNB). Click either name above to swap in a different company.

FIBROGEN INC is the larger business by last-quarter revenue ($25.4M vs $16.5M, roughly 1.5× FrontView REIT, Inc.). FrontView REIT, Inc. runs the higher net margin — -24.9% vs -129.8%, a 105.0% gap on every dollar of revenue.

FibroGen Inc. is a biopharmaceutical firm developing and commercializing innovative therapies for unmet medical needs, targeting fibrotic diseases, anemia and cancer. Its lead product roxadustat is approved in multiple markets including China and Japan, serving patients across key therapeutic segments.

FVR vs KYNB — Head-to-Head

Bigger by revenue
KYNB
KYNB
1.5× larger
KYNB
$25.4M
$16.5M
FVR
Higher net margin
FVR
FVR
105.0% more per $
FVR
-24.9%
-129.8%
KYNB

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
FVR
FVR
KYNB
KYNB
Revenue
$16.5M
$25.4M
Net Profit
$-4.1M
$-32.9M
Gross Margin
15.9%
Operating Margin
-193.9%
Net Margin
-24.9%
-129.8%
Revenue YoY
-29.9%
Net Profit YoY
57.1%
EPS (diluted)
$-0.19
$-0.33

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
FVR
FVR
KYNB
KYNB
Q4 25
$16.5M
Q3 25
$16.8M
Q2 25
$17.6M
Q1 25
$16.2M
Q3 24
$14.5M
Q1 24
$25.4M
Q4 23
$-73.8M
Q3 23
$40.1M
Net Profit
FVR
FVR
KYNB
KYNB
Q4 25
$-4.1M
Q3 25
$4.0M
Q2 25
$-2.9M
Q1 25
$-833.0K
Q3 24
$-2.4M
Q1 24
$-32.9M
Q4 23
$-56.2M
Q3 23
$-63.6M
Gross Margin
FVR
FVR
KYNB
KYNB
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q1 24
15.9%
Q4 23
Q3 23
89.4%
Operating Margin
FVR
FVR
KYNB
KYNB
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q1 24
-193.9%
Q4 23
128.8%
Q3 23
-158.2%
Net Margin
FVR
FVR
KYNB
KYNB
Q4 25
-24.9%
Q3 25
23.9%
Q2 25
-16.5%
Q1 25
-5.1%
Q3 24
-16.7%
Q1 24
-129.8%
Q4 23
76.2%
Q3 23
-158.5%
EPS (diluted)
FVR
FVR
KYNB
KYNB
Q4 25
$-0.19
Q3 25
$0.19
Q2 25
$-0.16
Q1 25
$-0.06
Q3 24
Q1 24
$-0.33
Q4 23
$-0.56
Q3 23
$-0.65

Balance Sheet & Financial Strength

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

Metric
FVR
FVR
KYNB
KYNB
Cash + ST InvestmentsLiquidity on hand
$13.5M
$177.6M
Total DebtLower is stronger
$314.3M
Stockholders' EquityBook value
$391.2M
$-228.1M
Total Assets
$854.4M
$365.9M
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
KYNB
KYNB
Q4 25
$13.5M
Q3 25
$19.6M
Q2 25
$8.4M
Q1 25
$3.3M
Q3 24
Q1 24
$177.6M
Q4 23
$203.5M
Q3 23
$251.3M
Total Debt
FVR
FVR
KYNB
KYNB
Q4 25
$314.3M
Q3 25
$307.1M
Q2 25
$316.9M
Q1 25
$310.2M
Q3 24
Q1 24
Q4 23
Q3 23
Stockholders' Equity
FVR
FVR
KYNB
KYNB
Q4 25
$391.2M
Q3 25
$385.2M
Q2 25
$369.9M
Q1 25
$324.7M
Q3 24
$1.0K
Q1 24
$-228.1M
Q4 23
$-204.2M
Q3 23
$-157.2M
Total Assets
FVR
FVR
KYNB
KYNB
Q4 25
$854.4M
Q3 25
$846.8M
Q2 25
$856.5M
Q1 25
$860.8M
Q3 24
$1.0K
Q1 24
$365.9M
Q4 23
$423.5M
Q3 23
$460.4M
Debt / Equity
FVR
FVR
KYNB
KYNB
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
Q3 24
Q1 24
Q4 23
Q3 23

Cash Flow & Capital Efficiency

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

Metric
FVR
FVR
KYNB
KYNB
Operating Cash FlowLast quarter
$42.1M
$-59.3M
Free Cash FlowOCF − Capex
$-59.3M
FCF MarginFCF / Revenue
-233.9%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-274.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVR
FVR
KYNB
KYNB
Q4 25
$42.1M
Q3 25
$8.3M
Q2 25
$9.3M
Q1 25
$8.1M
Q3 24
Q1 24
$-59.3M
Q4 23
$-18.3M
Q3 23
$-84.5M
Free Cash Flow
FVR
FVR
KYNB
KYNB
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q1 24
$-59.3M
Q4 23
$-18.6M
Q3 23
$-85.2M
FCF Margin
FVR
FVR
KYNB
KYNB
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q1 24
-233.9%
Q4 23
25.2%
Q3 23
-212.3%
Capex Intensity
FVR
FVR
KYNB
KYNB
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q1 24
0.1%
Q4 23
-0.3%
Q3 23
1.7%
Cash Conversion
FVR
FVR
KYNB
KYNB
Q4 25
Q3 25
2.06×
Q2 25
Q1 25
Q3 24
Q1 24
Q4 23
Q3 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

FVR
FVR

Segment breakdown not available.

KYNB
KYNB

Drug Product Revenue$24.5M97%
Other$878.0K3%

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