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Side-by-side financial comparison of GLADSTONE COMMERCIAL CORP (GOOD) and PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB). Click either name above to swap in a different company.

PACIFIC BIOSCIENCES OF CALIFORNIA, INC. is the larger business by last-quarter revenue ($44.6M vs $41.9M, roughly 1.1× GLADSTONE COMMERCIAL CORP). GLADSTONE COMMERCIAL CORP runs the higher net margin — 16.6% vs -90.4%, a 107.1% gap on every dollar of revenue. On growth, PACIFIC BIOSCIENCES OF CALIFORNIA, INC. posted the faster year-over-year revenue change (13.8% vs -3.6%). Over the past eight quarters, PACIFIC BIOSCIENCES OF CALIFORNIA, INC.'s revenue compounded faster (7.3% CAGR vs 6.3%).

Gladstone Commercial Corp is a publicly traded US real estate investment trust focused on acquiring, owning, and operating diversified industrial and commercial properties. It offers long-term net lease agreements to tenants across manufacturing, logistics, healthcare and professional services sectors, mainly serving small to mid-sized business clients.

Pacific Biosciences of California, Inc. is an American biotechnology company founded in 2004 that develops and manufactures systems for gene sequencing and some novel real time biological observation. PacBio has two principal sequencing platforms: single-molecule real-time sequencing (SMRT), based on the properties of zero-mode waveguides and sequencing by binding (SBB) chemistry, which uses native nucleotides and scarless incorporation for DNA binding and extension.

GOOD vs PACB — Head-to-Head

Bigger by revenue
PACB
PACB
1.1× larger
PACB
$44.6M
$41.9M
GOOD
Growing faster (revenue YoY)
PACB
PACB
+17.4% gap
PACB
13.8%
-3.6%
GOOD
Higher net margin
GOOD
GOOD
107.1% more per $
GOOD
16.6%
-90.4%
PACB
Faster 2-yr revenue CAGR
PACB
PACB
Annualised
PACB
7.3%
6.3%
GOOD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GOOD
GOOD
PACB
PACB
Revenue
$41.9M
$44.6M
Net Profit
$7.0M
$-40.4M
Gross Margin
37.1%
Operating Margin
160.2%
-92.3%
Net Margin
16.6%
-90.4%
Revenue YoY
-3.6%
13.8%
Net Profit YoY
29.5%
-1802.7%
EPS (diluted)
$-0.11

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
GOOD
GOOD
PACB
PACB
Q1 26
$41.9M
Q4 25
$43.5M
$44.6M
Q3 25
$40.8M
$38.4M
Q2 25
$39.5M
$39.8M
Q1 25
$37.5M
$37.2M
Q4 24
$37.4M
$39.2M
Q3 24
$39.2M
$40.0M
Q2 24
$37.1M
$36.0M
Net Profit
GOOD
GOOD
PACB
PACB
Q1 26
$7.0M
Q4 25
$5.4M
$-40.4M
Q3 25
$4.1M
$-38.0M
Q2 25
$4.6M
$-41.9M
Q1 25
$5.1M
$-426.1M
Q4 24
$7.2M
$2.4M
Q3 24
$11.7M
$-60.7M
Q2 24
$1.6M
$-173.3M
Gross Margin
GOOD
GOOD
PACB
PACB
Q1 26
Q4 25
37.1%
Q3 25
41.4%
Q2 25
36.9%
Q1 25
-3.7%
Q4 24
25.6%
Q3 24
25.0%
Q2 24
16.5%
Operating Margin
GOOD
GOOD
PACB
PACB
Q1 26
160.2%
Q4 25
-92.3%
Q3 25
-101.1%
Q2 25
-112.8%
Q1 25
-1154.5%
Q4 24
-390.1%
Q3 24
-160.3%
Q2 24
-488.3%
Net Margin
GOOD
GOOD
PACB
PACB
Q1 26
16.6%
Q4 25
12.4%
-90.4%
Q3 25
10.1%
-98.9%
Q2 25
11.7%
-105.4%
Q1 25
13.7%
-1146.8%
Q4 24
19.2%
6.0%
Q3 24
29.8%
-151.9%
Q2 24
4.3%
-481.3%
EPS (diluted)
GOOD
GOOD
PACB
PACB
Q1 26
Q4 25
$0.05
$-0.11
Q3 25
$0.02
$-0.13
Q2 25
$0.03
$-0.14
Q1 25
$0.04
$-1.44
Q4 24
$0.10
$-0.44
Q3 24
$0.20
$-0.22
Q2 24
$-0.04
$-0.64

Balance Sheet & Financial Strength

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

Metric
GOOD
GOOD
PACB
PACB
Cash + ST InvestmentsLiquidity on hand
$279.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3M
Total Assets
$1.2B
$784.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOOD
GOOD
PACB
PACB
Q1 26
Q4 25
$10.8M
$279.5M
Q3 25
$18.4M
$298.7M
Q2 25
$11.7M
$314.7M
Q1 25
$10.4M
$343.1M
Q4 24
$11.0M
$389.9M
Q3 24
$10.5M
$471.1M
Q2 24
$10.4M
$509.8M
Total Debt
GOOD
GOOD
PACB
PACB
Q1 26
Q4 25
$843.5M
Q3 25
$843.3M
Q2 25
$794.4M
Q1 25
$740.7M
Q4 24
$693.4M
Q3 24
$692.6M
Q2 24
$722.5M
Stockholders' Equity
GOOD
GOOD
PACB
PACB
Q1 26
Q4 25
$171.8M
$5.3M
Q3 25
$184.8M
$36.1M
Q2 25
$177.2M
$61.5M
Q1 25
$183.2M
$91.6M
Q4 24
$171.2M
$506.6M
Q3 24
$168.9M
$453.1M
Q2 24
$145.7M
$492.7M
Total Assets
GOOD
GOOD
PACB
PACB
Q1 26
$1.2B
Q4 25
$1.2B
$784.1M
Q3 25
$1.3B
$803.2M
Q2 25
$1.2B
$825.5M
Q1 25
$1.2B
$860.8M
Q4 24
$1.1B
$1.3B
Q3 24
$1.1B
$1.5B
Q2 24
$1.1B
$1.5B
Debt / Equity
GOOD
GOOD
PACB
PACB
Q1 26
Q4 25
4.91×
Q3 25
4.56×
Q2 25
4.48×
Q1 25
4.04×
Q4 24
4.05×
Q3 24
4.10×
Q2 24
4.96×

Cash Flow & Capital Efficiency

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

Metric
GOOD
GOOD
PACB
PACB
Operating Cash FlowLast quarter
$-19.1M
Free Cash FlowOCF − Capex
$-19.9M
FCF MarginFCF / Revenue
-44.6%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-114.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GOOD
GOOD
PACB
PACB
Q1 26
Q4 25
$88.2M
$-19.1M
Q3 25
$18.9M
$-18.7M
Q2 25
$35.8M
$-29.4M
Q1 25
$17.7M
$-44.1M
Q4 24
$57.0M
$-30.6M
Q3 24
$5.5M
$-45.5M
Q2 24
$13.6M
$-54.3M
Free Cash Flow
GOOD
GOOD
PACB
PACB
Q1 26
Q4 25
$-19.9M
Q3 25
$-18.8M
Q2 25
$-29.9M
Q1 25
$-45.4M
Q4 24
$-32.3M
Q3 24
$-46.3M
Q2 24
$-55.7M
FCF Margin
GOOD
GOOD
PACB
PACB
Q1 26
Q4 25
-44.6%
Q3 25
-48.9%
Q2 25
-75.3%
Q1 25
-122.3%
Q4 24
-82.3%
Q3 24
-115.7%
Q2 24
-154.8%
Capex Intensity
GOOD
GOOD
PACB
PACB
Q1 26
Q4 25
1.9%
Q3 25
0.2%
Q2 25
1.4%
Q1 25
3.7%
Q4 24
4.1%
Q3 24
2.0%
Q2 24
4.1%
Cash Conversion
GOOD
GOOD
PACB
PACB
Q1 26
Q4 25
16.38×
Q3 25
4.57×
Q2 25
7.74×
Q1 25
3.44×
Q4 24
7.93×
-12.93×
Q3 24
0.47×
Q2 24
8.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GOOD
GOOD

Segment breakdown not available.

PACB
PACB

Products$39.0M87%
Service And Other$5.7M13%

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