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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and HANMI FINANCIAL CORP (HAFC). Click either name above to swap in a different company.
HANMI FINANCIAL CORP is the larger business by last-quarter revenue ($71.2M vs $43.6M, roughly 1.6× GRAIL, Inc.). HANMI FINANCIAL CORP runs the higher net margin — 29.8% vs -227.5%, a 257.3% gap on every dollar of revenue. On growth, HANMI FINANCIAL CORP posted the faster year-over-year revenue change (17.1% vs 14.0%). HANMI FINANCIAL CORP produced more free cash flow last quarter ($203.7M vs $-63.9M). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs 10.4%).
GRAIL, Inc. is an American biotechnology company based in Menlo Park, California founded in 2015 seeking to develop an early cancer screening test for people who do not have symptoms. As a startup it was a subsidiary of Illumina, which bought it outright in 2021.
Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.
GRAL vs HAFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $71.2M |
| Net Profit | $-99.2M | $21.2M |
| Gross Margin | — | — |
| Operating Margin | -285.4% | 29.8% |
| Net Margin | -227.5% | 29.8% |
| Revenue YoY | 14.0% | 17.1% |
| Net Profit YoY | -2.2% | 20.0% |
| EPS (diluted) | $-2.37 | $0.70 |
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.
| Q4 25 | $43.6M | $71.2M | ||
| Q3 25 | $36.2M | $71.0M | ||
| Q2 25 | $35.5M | $65.2M | ||
| Q1 25 | $31.8M | $62.8M | ||
| Q4 24 | $38.3M | $60.8M | ||
| Q3 24 | $28.7M | $58.5M | ||
| Q2 24 | $32.0M | $56.7M | ||
| Q1 24 | $26.7M | $58.4M |
| Q4 25 | $-99.2M | $21.2M | ||
| Q3 25 | $-89.0M | $22.1M | ||
| Q2 25 | $-114.0M | $15.1M | ||
| Q1 25 | $-106.2M | $17.7M | ||
| Q4 24 | $-97.1M | $17.7M | ||
| Q3 24 | $-125.7M | $14.9M | ||
| Q2 24 | $-1.6B | $14.5M | ||
| Q1 24 | $-218.9M | $15.2M |
| Q4 25 | -285.4% | 29.8% | ||
| Q3 25 | -346.2% | 31.1% | ||
| Q2 25 | -446.9% | 23.2% | ||
| Q1 25 | -482.5% | 28.1% | ||
| Q4 24 | -358.0% | 29.1% | ||
| Q3 24 | -640.5% | 25.5% | ||
| Q2 24 | -5133.8% | 25.5% | ||
| Q1 24 | -851.1% | 26.0% |
| Q4 25 | -227.5% | 29.8% | ||
| Q3 25 | -245.8% | 31.1% | ||
| Q2 25 | -320.7% | 23.2% | ||
| Q1 25 | -333.6% | 28.1% | ||
| Q4 24 | -253.8% | 29.1% | ||
| Q3 24 | -438.7% | 25.5% | ||
| Q2 24 | -4958.8% | 25.5% | ||
| Q1 24 | -819.3% | 26.0% |
| Q4 25 | $-2.37 | $0.70 | ||
| Q3 25 | $-2.46 | $0.73 | ||
| Q2 25 | $-3.18 | $0.50 | ||
| Q1 25 | $-3.10 | $0.58 | ||
| Q4 24 | $-1.49 | $0.58 | ||
| Q3 24 | $-3.94 | $0.49 | ||
| Q2 24 | $-51.06 | $0.48 | ||
| Q1 24 | $-7.05 | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $249.7M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $796.4M |
| Total Assets | $2.9B | $7.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | — | ||
| Q3 25 | $126.9M | — | ||
| Q2 25 | $127.4M | — | ||
| Q1 25 | $133.9M | — | ||
| Q4 24 | $214.2M | — | ||
| Q3 24 | $853.6M | — | ||
| Q2 24 | $958.8M | — | ||
| Q1 24 | $199.7M | — |
| Q4 25 | $2.6B | $796.4M | ||
| Q3 25 | $2.2B | $779.5M | ||
| Q2 25 | $2.3B | $762.8M | ||
| Q1 25 | $2.4B | $751.5M | ||
| Q4 24 | $2.5B | $732.2M | ||
| Q3 24 | $2.6B | $736.7M | ||
| Q2 24 | $2.7B | $707.1M | ||
| Q1 24 | — | $703.1M |
| Q4 25 | $2.9B | $7.9B | ||
| Q3 25 | $2.6B | $7.9B | ||
| Q2 25 | $2.7B | $7.9B | ||
| Q1 25 | $2.8B | $7.7B | ||
| Q4 24 | $3.0B | $7.7B | ||
| Q3 24 | $3.1B | $7.7B | ||
| Q2 24 | $3.3B | $7.6B | ||
| Q1 24 | — | $7.5B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-63.8M | $206.0M |
| Free Cash FlowOCF − Capex | $-63.9M | $203.7M |
| FCF MarginFCF / Revenue | -146.5% | 286.2% |
| Capex IntensityCapex / Revenue | 0.2% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 9.70× |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | $356.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $206.0M | ||
| Q3 25 | $-63.2M | $146.9M | ||
| Q2 25 | $-77.0M | $-19.0M | ||
| Q1 25 | $-95.0M | $25.8M | ||
| Q4 24 | — | $52.6M | ||
| Q3 24 | $-104.6M | $6.7M | ||
| Q2 24 | $-171.8M | $2.1M | ||
| Q1 24 | $-207.3M | $30.0M |
| Q4 25 | $-63.9M | $203.7M | ||
| Q3 25 | $-63.6M | $146.4M | ||
| Q2 25 | $-77.3M | $-19.6M | ||
| Q1 25 | $-95.1M | $25.6M | ||
| Q4 24 | — | $49.9M | ||
| Q3 24 | $-105.6M | $6.5M | ||
| Q2 24 | $-173.2M | $1.3M | ||
| Q1 24 | $-209.8M | $29.2M |
| Q4 25 | -146.5% | 286.2% | ||
| Q3 25 | -175.8% | 206.3% | ||
| Q2 25 | -217.6% | -30.0% | ||
| Q1 25 | -298.6% | 40.7% | ||
| Q4 24 | — | 82.1% | ||
| Q3 24 | -368.4% | 11.1% | ||
| Q2 24 | -541.7% | 2.3% | ||
| Q1 24 | -785.3% | 50.0% |
| Q4 25 | 0.2% | 3.2% | ||
| Q3 25 | 1.1% | 0.8% | ||
| Q2 25 | 1.0% | 0.9% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | 3.4% | 0.4% | ||
| Q2 24 | 4.3% | 1.4% | ||
| Q1 24 | 9.5% | 1.4% |
| Q4 25 | — | 9.70× | ||
| Q3 25 | — | 6.66× | ||
| Q2 25 | — | -1.26× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 2.97× | ||
| Q3 24 | — | 0.45× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 1.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRAL
| Screening Revenue | $42.3M | 97% |
| Developmental Services Revenue | $1.3M | 3% |
HAFC
Segment breakdown not available.
