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Side-by-side financial comparison of Gauzy Ltd. (GAUZ) and REGENXBIO Inc. (RGNX). Click either name above to swap in a different company.

REGENXBIO Inc. is the larger business by last-quarter revenue ($30.3M vs $20.1M, roughly 1.5× Gauzy Ltd.). Gauzy Ltd. runs the higher net margin — -53.5% vs -221.3%, a 167.8% gap on every dollar of revenue. On growth, REGENXBIO Inc. posted the faster year-over-year revenue change (43.0% vs -17.8%). Gauzy Ltd. produced more free cash flow last quarter ($-7.5M vs $-52.8M).

Gauzy Ltd. is a technology firm specializing in advanced liquid crystal-based smart glass solutions. Its product portfolio includes switchable light control films, adaptive glass, and integrated sensing systems, serving core markets of automotive manufacturing, construction, and consumer electronics globally.

REGENXBIO Inc. is a clinical-stage biotechnology firm focused on gene therapy for rare severe genetic diseases. It licenses its proprietary AAV vector technology to global biopharma partners, and advances its own pipeline targeting ophthalmology, metabolic and neurodegenerative disorders.

GAUZ vs RGNX — Head-to-Head

Bigger by revenue
RGNX
RGNX
1.5× larger
RGNX
$30.3M
$20.1M
GAUZ
Growing faster (revenue YoY)
RGNX
RGNX
+60.8% gap
RGNX
43.0%
-17.8%
GAUZ
Higher net margin
GAUZ
GAUZ
167.8% more per $
GAUZ
-53.5%
-221.3%
RGNX
More free cash flow
GAUZ
GAUZ
$45.3M more FCF
GAUZ
$-7.5M
$-52.8M
RGNX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
GAUZ
GAUZ
RGNX
RGNX
Revenue
$20.1M
$30.3M
Net Profit
$-10.7M
$-67.1M
Gross Margin
21.4%
Operating Margin
-62.4%
-190.0%
Net Margin
-53.5%
-221.3%
Revenue YoY
-17.8%
43.0%
Net Profit YoY
53.5%
-31.2%
EPS (diluted)
$-0.57
$-1.30

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
GAUZ
GAUZ
RGNX
RGNX
Q4 25
$30.3M
Q3 25
$29.7M
Q2 25
$20.1M
$21.4M
Q1 25
$89.0M
Q4 24
$21.2M
Q3 24
$24.2M
Q2 24
$24.4M
$22.3M
Q1 24
$15.6M
Net Profit
GAUZ
GAUZ
RGNX
RGNX
Q4 25
$-67.1M
Q3 25
$-61.9M
Q2 25
$-10.7M
$-70.9M
Q1 25
$6.1M
Q4 24
$-51.2M
Q3 24
$-59.6M
Q2 24
$-23.1M
$-53.0M
Q1 24
$-63.3M
Gross Margin
GAUZ
GAUZ
RGNX
RGNX
Q4 25
Q3 25
Q2 25
21.4%
Q1 25
Q4 24
70.2%
Q3 24
48.8%
Q2 24
27.0%
52.5%
Q1 24
72.6%
Operating Margin
GAUZ
GAUZ
RGNX
RGNX
Q4 25
-190.0%
Q3 25
-176.3%
Q2 25
-62.4%
-296.3%
Q1 25
13.6%
Q4 24
-242.1%
Q3 24
-256.6%
Q2 24
-32.5%
-251.3%
Q1 24
-408.8%
Net Margin
GAUZ
GAUZ
RGNX
RGNX
Q4 25
-221.3%
Q3 25
-208.3%
Q2 25
-53.5%
-331.8%
Q1 25
6.8%
Q4 24
-241.3%
Q3 24
-246.3%
Q2 24
-94.6%
-237.7%
Q1 24
-405.4%
EPS (diluted)
GAUZ
GAUZ
RGNX
RGNX
Q4 25
$-1.30
Q3 25
$-1.20
Q2 25
$-0.57
$-1.38
Q1 25
$0.12
Q4 24
$-0.99
Q3 24
$-1.17
Q2 24
$-2.60
$-1.05
Q1 24
$-1.38

Balance Sheet & Financial Strength

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

Metric
GAUZ
GAUZ
RGNX
RGNX
Cash + ST InvestmentsLiquidity on hand
$1.2M
$230.1M
Total DebtLower is stronger
$44.0M
Stockholders' EquityBook value
$17.9M
$102.7M
Total Assets
$136.8M
$453.0M
Debt / EquityLower = less leverage
2.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GAUZ
GAUZ
RGNX
RGNX
Q4 25
$230.1M
Q3 25
$274.2M
Q2 25
$1.2M
$323.3M
Q1 25
$267.9M
Q4 24
$234.7M
Q3 24
$255.5M
Q2 24
$63.7M
$290.4M
Q1 24
$338.7M
Total Debt
GAUZ
GAUZ
RGNX
RGNX
Q4 25
Q3 25
Q2 25
$44.0M
Q1 25
Q4 24
Q3 24
Q2 24
$35.4M
Q1 24
Stockholders' Equity
GAUZ
GAUZ
RGNX
RGNX
Q4 25
$102.7M
Q3 25
$161.5M
Q2 25
$17.9M
$213.7M
Q1 25
$274.2M
Q4 24
$259.7M
Q3 24
$301.4M
Q2 24
$63.4M
$348.3M
Q1 24
$390.7M
Total Assets
GAUZ
GAUZ
RGNX
RGNX
Q4 25
$453.0M
Q3 25
$525.2M
Q2 25
$136.8M
$581.0M
Q1 25
$490.9M
Q4 24
$466.0M
Q3 24
$519.1M
Q2 24
$193.1M
$569.4M
Q1 24
$629.2M
Debt / Equity
GAUZ
GAUZ
RGNX
RGNX
Q4 25
Q3 25
Q2 25
2.46×
Q1 25
Q4 24
Q3 24
Q2 24
0.56×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
GAUZ
GAUZ
RGNX
RGNX
Operating Cash FlowLast quarter
$-3.9M
$-52.3M
Free Cash FlowOCF − Capex
$-7.5M
$-52.8M
FCF MarginFCF / Revenue
-37.5%
-174.0%
Capex IntensityCapex / Revenue
18.2%
1.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-126.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GAUZ
GAUZ
RGNX
RGNX
Q4 25
$-52.3M
Q3 25
$-56.0M
Q2 25
$-3.9M
$-49.3M
Q1 25
$33.6M
Q4 24
$-31.6M
Q3 24
$-40.5M
Q2 24
$-15.7M
$-45.5M
Q1 24
$-55.5M
Free Cash Flow
GAUZ
GAUZ
RGNX
RGNX
Q4 25
$-52.8M
Q3 25
$-56.5M
Q2 25
$-7.5M
$-49.7M
Q1 25
$32.6M
Q4 24
$-32.7M
Q3 24
$-40.9M
Q2 24
$-20.0M
$-46.0M
Q1 24
$-56.0M
FCF Margin
GAUZ
GAUZ
RGNX
RGNX
Q4 25
-174.0%
Q3 25
-189.9%
Q2 25
-37.5%
-232.8%
Q1 25
36.6%
Q4 24
-154.2%
Q3 24
-168.9%
Q2 24
-82.0%
-206.2%
Q1 24
-358.5%
Capex Intensity
GAUZ
GAUZ
RGNX
RGNX
Q4 25
1.7%
Q3 25
1.7%
Q2 25
18.2%
1.8%
Q1 25
1.2%
Q4 24
5.1%
Q3 24
1.3%
Q2 24
17.8%
2.1%
Q1 24
3.6%
Cash Conversion
GAUZ
GAUZ
RGNX
RGNX
Q4 25
Q3 25
Q2 25
Q1 25
5.53×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GAUZ
GAUZ

Segment breakdown not available.

RGNX
RGNX

Novartis Gene Therapies$24.2M80%
Nippon Shinyaku Collaboration And License Agreement$4.3M14%
Nippon Shinyaku Services$1.4M5%

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