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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and Information Services Group Inc. (III). Click either name above to swap in a different company.
Information Services Group Inc. is the larger business by last-quarter revenue ($61.2M vs $43.6M, roughly 1.4× GRAIL, Inc.). Information Services Group Inc. runs the higher net margin — 4.3% vs -227.5%, a 231.8% gap on every dollar of revenue. On growth, GRAIL, Inc. posted the faster year-over-year revenue change (14.0% vs 5.9%). Information Services Group Inc. produced more free cash flow last quarter ($4.3M vs $-63.9M). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs -2.4%).
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.
EBSCO Information Services, headquartered in Ipswich, Massachusetts, is a division of EBSCO Industries Inc., a private company headquartered in Birmingham, Alabama. EBSCO provides products and services to libraries of many types around the world. Its products include EBSCONET, a complete e-resource management system, and EBSCOhost, which supplies a fee-based online research service with 375 full-text databases, a collection of 600,000-plus ebooks, subject indexes, point-of-care medical refere...
GRAL vs III — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $61.2M |
| Net Profit | $-99.2M | $2.6M |
| Gross Margin | — | 44.8% |
| Operating Margin | -285.4% | 8.4% |
| Net Margin | -227.5% | 4.3% |
| Revenue YoY | 14.0% | 5.9% |
| Net Profit YoY | -2.2% | -14.1% |
| EPS (diluted) | $-2.37 | $0.06 |
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 | $61.2M | ||
| Q3 25 | $36.2M | $62.4M | ||
| Q2 25 | $35.5M | $61.6M | ||
| Q1 25 | $31.8M | $59.6M | ||
| Q4 24 | $38.3M | $57.8M | ||
| Q3 24 | $28.7M | $61.3M | ||
| Q2 24 | $32.0M | $64.3M | ||
| Q1 24 | $26.7M | $64.3M |
| Q4 25 | $-99.2M | $2.6M | ||
| Q3 25 | $-89.0M | $3.1M | ||
| Q2 25 | $-114.0M | $2.2M | ||
| Q1 25 | $-106.2M | $1.5M | ||
| Q4 24 | $-97.1M | $3.0M | ||
| Q3 24 | $-125.7M | $1.1M | ||
| Q2 24 | $-1.6B | $2.0M | ||
| Q1 24 | $-218.9M | $-3.4M |
| Q4 25 | — | 44.8% | ||
| Q3 25 | — | 42.2% | ||
| Q2 25 | — | 42.2% | ||
| Q1 25 | — | 43.1% | ||
| Q4 24 | — | 41.5% | ||
| Q3 24 | — | 40.4% | ||
| Q2 24 | — | 39.5% | ||
| Q1 24 | — | 36.1% |
| Q4 25 | -285.4% | 8.4% | ||
| Q3 25 | -346.2% | 7.4% | ||
| Q2 25 | -446.9% | 7.6% | ||
| Q1 25 | -482.5% | 5.7% | ||
| Q4 24 | -358.0% | 0.3% | ||
| Q3 24 | -640.5% | 7.0% | ||
| Q2 24 | -5133.8% | 5.7% | ||
| Q1 24 | -851.1% | -3.7% |
| Q4 25 | -227.5% | 4.3% | ||
| Q3 25 | -245.8% | 4.9% | ||
| Q2 25 | -320.7% | 3.5% | ||
| Q1 25 | -333.6% | 2.5% | ||
| Q4 24 | -253.8% | 5.3% | ||
| Q3 24 | -438.7% | 1.9% | ||
| Q2 24 | -4958.8% | 3.2% | ||
| Q1 24 | -819.3% | -5.3% |
| Q4 25 | $-2.37 | $0.06 | ||
| Q3 25 | $-2.46 | $0.06 | ||
| Q2 25 | $-3.18 | $0.04 | ||
| Q1 25 | $-3.10 | $0.03 | ||
| Q4 24 | $-1.49 | $0.07 | ||
| Q3 24 | $-3.94 | $0.02 | ||
| Q2 24 | $-51.06 | $0.04 | ||
| Q1 24 | $-7.05 | $-0.07 |
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 | $28.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $94.7M |
| Total Assets | $2.9B | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | $28.7M | ||
| Q3 25 | $126.9M | $28.7M | ||
| Q2 25 | $127.4M | $25.2M | ||
| Q1 25 | $133.9M | $20.1M | ||
| Q4 24 | $214.2M | $23.1M | ||
| Q3 24 | $853.6M | $9.7M | ||
| Q2 24 | $958.8M | $11.8M | ||
| Q1 24 | $199.7M | $14.0M |
| Q4 25 | $2.6B | $94.7M | ||
| Q3 25 | $2.2B | $94.7M | ||
| Q2 25 | $2.3B | $94.1M | ||
| Q1 25 | $2.4B | $95.0M | ||
| Q4 24 | $2.5B | $96.3M | ||
| Q3 24 | $2.6B | $96.6M | ||
| Q2 24 | $2.7B | $95.5M | ||
| Q1 24 | — | $95.6M |
| Q4 25 | $2.9B | $211.0M | ||
| Q3 25 | $2.6B | $213.3M | ||
| Q2 25 | $2.7B | $200.7M | ||
| Q1 25 | $2.8B | $202.4M | ||
| Q4 24 | $3.0B | $204.5M | ||
| Q3 24 | $3.1B | $227.1M | ||
| Q2 24 | $3.3B | $235.3M | ||
| Q1 24 | — | $234.2M |
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 | $5.1M |
| Free Cash FlowOCF − Capex | $-63.9M | $4.3M |
| FCF MarginFCF / Revenue | -146.5% | 7.0% |
| Capex IntensityCapex / Revenue | 0.2% | 1.2% |
| Cash ConversionOCF / Net Profit | — | 1.94× |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | $25.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $5.1M | ||
| Q3 25 | $-63.2M | $11.1M | ||
| Q2 25 | $-77.0M | $11.9M | ||
| Q1 25 | $-95.0M | $978.0K | ||
| Q4 24 | — | $6.6M | ||
| Q3 24 | $-104.6M | $8.8M | ||
| Q2 24 | $-171.8M | $2.2M | ||
| Q1 24 | $-207.3M | $2.3M |
| Q4 25 | $-63.9M | $4.3M | ||
| Q3 25 | $-63.6M | $9.5M | ||
| Q2 25 | $-77.3M | $11.1M | ||
| Q1 25 | $-95.1M | $141.0K | ||
| Q4 24 | — | $6.0M | ||
| Q3 24 | $-105.6M | $8.4M | ||
| Q2 24 | $-173.2M | $1.3M | ||
| Q1 24 | $-209.8M | $1.3M |
| Q4 25 | -146.5% | 7.0% | ||
| Q3 25 | -175.8% | 15.2% | ||
| Q2 25 | -217.6% | 18.0% | ||
| Q1 25 | -298.6% | 0.2% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | -368.4% | 13.7% | ||
| Q2 24 | -541.7% | 2.0% | ||
| Q1 24 | -785.3% | 2.0% |
| Q4 25 | 0.2% | 1.2% | ||
| Q3 25 | 1.1% | 2.5% | ||
| Q2 25 | 1.0% | 1.4% | ||
| Q1 25 | 0.2% | 1.4% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | 3.4% | 0.6% | ||
| Q2 24 | 4.3% | 1.4% | ||
| Q1 24 | 9.5% | 1.6% |
| Q4 25 | — | 1.94× | ||
| Q3 25 | — | 3.62× | ||
| Q2 25 | — | 5.46× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 2.15× | ||
| Q3 24 | — | 7.66× | ||
| Q2 24 | — | 1.07× | ||
| Q1 24 | — | — |
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% |
III
Segment breakdown not available.
