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Side-by-side financial comparison of Generation Bio Co. (GBIO) and Arcadia Biosciences, Inc. (RKDA). Click either name above to swap in a different company.

Generation Bio Co. is the larger business by last-quarter revenue ($1.6M vs $901.0K, roughly 1.8× Arcadia Biosciences, Inc.). Arcadia Biosciences, Inc. runs the higher net margin — -148.3% vs -346.3%, a 198.0% gap on every dollar of revenue. On growth, Arcadia Biosciences, Inc. posted the faster year-over-year revenue change (-25.8% vs -78.9%). Over the past eight quarters, Arcadia Biosciences, Inc.'s revenue compounded faster (-4.5% CAGR vs -25.6%).

Generation Bio Co. is a clinical-stage biotechnology firm focused on developing innovative non-viral gene therapies for both rare and common genetic diseases. Its core pipeline targets liver and retina disease indications, operates primarily in the U.S. market, and aims to deliver potential one-time curative treatments to patients with unmet medical needs.

Arcadia Biosciences is a publicly traded American agricultural biotechnology headquartered in Davis, California focused on the development of traits to enhance crop quality and productivity. The company is partly owned by Moral Compass Corporation.

GBIO vs RKDA — Head-to-Head

Bigger by revenue
GBIO
GBIO
1.8× larger
GBIO
$1.6M
$901.0K
RKDA
Growing faster (revenue YoY)
RKDA
RKDA
+53.1% gap
RKDA
-25.8%
-78.9%
GBIO
Higher net margin
RKDA
RKDA
198.0% more per $
RKDA
-148.3%
-346.3%
GBIO
Faster 2-yr revenue CAGR
RKDA
RKDA
Annualised
RKDA
-4.5%
-25.6%
GBIO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GBIO
GBIO
RKDA
RKDA
Revenue
$1.6M
$901.0K
Net Profit
$-5.5M
$-1.3M
Gross Margin
21.4%
Operating Margin
-420.8%
-152.8%
Net Margin
-346.3%
-148.3%
Revenue YoY
-78.9%
-25.8%
Net Profit YoY
64.0%
67.1%
EPS (diluted)
$-0.82
$-0.97

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
GBIO
GBIO
RKDA
RKDA
Q4 25
$901.0K
Q3 25
$1.6M
$1.3M
Q2 25
$765.0K
$1.5M
Q1 25
$8.7M
$1.2M
Q4 24
$4.2M
$1.2M
Q3 24
$7.6M
$1.5M
Q2 24
$4.1M
$1.3M
Q1 24
$4.1M
$987.0K
Net Profit
GBIO
GBIO
RKDA
RKDA
Q4 25
$-1.3M
Q3 25
$-5.5M
$856.0K
Q2 25
$-20.9M
$-4.5M
Q1 25
$-14.8M
$2.6M
Q4 24
$-21.4M
$-4.1M
Q3 24
$-15.3M
$-1.6M
Q2 24
$-20.4M
$1.1M
Q1 24
$-74.5M
$-2.4M
Gross Margin
GBIO
GBIO
RKDA
RKDA
Q4 25
21.4%
Q3 25
32.1%
Q2 25
43.4%
Q1 25
43.2%
Q4 24
31.9%
Q3 24
32.9%
Q2 24
51.5%
Q1 24
52.3%
Operating Margin
GBIO
GBIO
RKDA
RKDA
Q4 25
-152.8%
Q3 25
-420.8%
-88.5%
Q2 25
-2995.6%
-34.4%
Q1 25
-190.4%
44.2%
Q4 24
-562.6%
-187.7%
Q3 24
-236.7%
-114.5%
Q2 24
-569.8%
Q1 24
-1912.6%
-160.9%
Net Margin
GBIO
GBIO
RKDA
RKDA
Q4 25
-148.3%
Q3 25
-346.3%
65.7%
Q2 25
-2735.0%
-306.4%
Q1 25
-169.7%
216.6%
Q4 24
-510.6%
-334.5%
Q3 24
-202.7%
-104.9%
Q2 24
-499.4%
81.2%
Q1 24
-1836.4%
-245.5%
EPS (diluted)
GBIO
GBIO
RKDA
RKDA
Q4 25
$-0.97
Q3 25
$-0.82
$0.62
Q2 25
$-3.12
$-3.26
Q1 25
$-0.22
$1.90
Q4 24
$4.50
$-2.99
Q3 24
$-2.29
$-1.18
Q2 24
$-3.07
$0.78
Q1 24
$-1.12
$-1.78

Balance Sheet & Financial Strength

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

Metric
GBIO
GBIO
RKDA
RKDA
Cash + ST InvestmentsLiquidity on hand
$89.6M
$4.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$50.6M
$4.1M
Total Assets
$121.9M
$6.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GBIO
GBIO
RKDA
RKDA
Q4 25
$4.6M
Q3 25
$89.6M
$5.9M
Q2 25
$141.4M
$4.4M
Q1 25
$157.6M
$3.2M
Q4 24
$185.2M
$4.2M
Q3 24
$184.8M
$6.6M
Q2 24
$216.9M
$8.1M
Q1 24
$219.3M
$8.5M
Stockholders' Equity
GBIO
GBIO
RKDA
RKDA
Q4 25
$4.1M
Q3 25
$50.6M
$5.4M
Q2 25
$54.1M
$4.5M
Q1 25
$73.3M
$8.9M
Q4 24
$86.2M
$6.2M
Q3 24
$104.4M
$10.3M
Q2 24
$115.4M
$11.7M
Q1 24
$132.0M
$10.6M
Total Assets
GBIO
GBIO
RKDA
RKDA
Q4 25
$6.5M
Q3 25
$121.9M
$8.6M
Q2 25
$179.4M
$7.8M
Q1 25
$201.3M
$13.0M
Q4 24
$231.2M
$13.5M
Q3 24
$248.8M
$15.2M
Q2 24
$265.3M
$17.4M
Q1 24
$285.9M
$16.0M

Cash Flow & Capital Efficiency

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

Metric
GBIO
GBIO
RKDA
RKDA
Operating Cash FlowLast quarter
$-52.7M
$-861.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GBIO
GBIO
RKDA
RKDA
Q4 25
$-861.0K
Q3 25
$-52.7M
$-257.0K
Q2 25
$-16.8M
$-2.0M
Q1 25
$-28.4M
$-1.6M
Q4 24
$-15.8M
$-2.2M
Q3 24
$-19.5M
$-1.8M
Q2 24
$-21.5M
$-2.5M
Q1 24
$-31.7M
$-3.2M
Free Cash Flow
GBIO
GBIO
RKDA
RKDA
Q4 25
Q3 25
Q2 25
$-17.3M
Q1 25
$-28.6M
Q4 24
$-16.2M
Q3 24
$-19.6M
Q2 24
$-21.5M
$-2.5M
Q1 24
$-33.6M
$-3.2M
FCF Margin
GBIO
GBIO
RKDA
RKDA
Q4 25
Q3 25
Q2 25
-2259.7%
Q1 25
-327.9%
Q4 24
-385.9%
Q3 24
-260.0%
Q2 24
-526.7%
-188.3%
Q1 24
-828.2%
-326.5%
Capex Intensity
GBIO
GBIO
RKDA
RKDA
Q4 25
0.0%
Q3 25
0.0%
0.0%
Q2 25
60.0%
0.0%
Q1 25
2.8%
0.0%
Q4 24
9.0%
0.0%
Q3 24
1.2%
0.0%
Q2 24
0.3%
0.2%
Q1 24
47.3%
1.3%
Cash Conversion
GBIO
GBIO
RKDA
RKDA
Q4 25
Q3 25
-0.30×
Q2 25
Q1 25
-0.61×
Q4 24
Q3 24
Q2 24
-2.31×
Q1 24

Financial Flow Comparison

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

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