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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and LIVEPERSON INC (LPSN). Click either name above to swap in a different company.
LIVEPERSON INC is the larger business by last-quarter revenue ($59.3M vs $43.6M, roughly 1.4× GRAIL, Inc.). LIVEPERSON INC runs the higher net margin — -77.8% vs -227.5%, a 149.7% gap on every dollar of revenue. On growth, GRAIL, Inc. posted the faster year-over-year revenue change (14.0% vs -19.0%). LIVEPERSON INC produced more free cash flow last quarter ($-12.0M vs $-63.9M). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs -16.6%).
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.
LivePerson is a global technology company that develops conversational commerce and AI software.
GRAL vs LPSN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $43.6M | $59.3M |
| Net Profit | $-99.2M | $-46.1M |
| Gross Margin | — | 73.2% |
| Operating Margin | -285.4% | -68.7% |
| Net Margin | -227.5% | -77.8% |
| Revenue YoY | 14.0% | -19.0% |
| Net Profit YoY | -2.2% | 58.9% |
| EPS (diluted) | $-2.37 | $-9.22 |
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 | $59.3M | ||
| Q3 25 | $36.2M | $60.2M | ||
| Q2 25 | $35.5M | $59.6M | ||
| Q1 25 | $31.8M | $64.7M | ||
| Q4 24 | $38.3M | $73.2M | ||
| Q3 24 | $28.7M | $74.2M | ||
| Q2 24 | $32.0M | $79.9M | ||
| Q1 24 | $26.7M | $85.1M |
| Q4 25 | $-99.2M | $-46.1M | ||
| Q3 25 | $-89.0M | $8.7M | ||
| Q2 25 | $-114.0M | $-15.7M | ||
| Q1 25 | $-106.2M | $-14.1M | ||
| Q4 24 | $-97.1M | $-112.1M | ||
| Q3 24 | $-125.7M | $-28.3M | ||
| Q2 24 | $-1.6B | $41.8M | ||
| Q1 24 | $-218.9M | $-35.6M |
| Q4 25 | — | 73.2% | ||
| Q3 25 | — | 71.4% | ||
| Q2 25 | — | 69.7% | ||
| Q1 25 | — | 71.8% | ||
| Q4 24 | — | 77.4% | ||
| Q3 24 | — | 73.1% | ||
| Q2 24 | — | 79.4% | ||
| Q1 24 | — | 71.3% |
| Q4 25 | -285.4% | -68.7% | ||
| Q3 25 | -346.2% | -24.2% | ||
| Q2 25 | -446.9% | -10.8% | ||
| Q1 25 | -482.5% | -26.2% | ||
| Q4 24 | -358.0% | -138.0% | ||
| Q3 24 | -640.5% | -21.6% | ||
| Q2 24 | -5133.8% | -37.3% | ||
| Q1 24 | -851.1% | -42.7% |
| Q4 25 | -227.5% | -77.8% | ||
| Q3 25 | -245.8% | 14.5% | ||
| Q2 25 | -320.7% | -26.4% | ||
| Q1 25 | -333.6% | -21.8% | ||
| Q4 24 | -253.8% | -153.2% | ||
| Q3 24 | -438.7% | -38.1% | ||
| Q2 24 | -4958.8% | 52.3% | ||
| Q1 24 | -819.3% | -41.8% |
| Q4 25 | $-2.37 | $-9.22 | ||
| Q3 25 | $-2.46 | $-2.76 | ||
| Q2 25 | $-3.18 | $-0.17 | ||
| Q1 25 | $-3.10 | $-0.24 | ||
| Q4 24 | $-1.49 | $-17.23 | ||
| Q3 24 | $-3.94 | $-4.74 | ||
| Q2 24 | $-51.06 | $-0.33 | ||
| Q1 24 | $-7.05 | $-0.40 |
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 | $95.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $-44.5M |
| Total Assets | $2.9B | $454.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | $95.0M | ||
| Q3 25 | $126.9M | $106.7M | ||
| Q2 25 | $127.4M | $162.0M | ||
| Q1 25 | $133.9M | $176.3M | ||
| Q4 24 | $214.2M | $183.2M | ||
| Q3 24 | $853.6M | $142.1M | ||
| Q2 24 | $958.8M | $146.0M | ||
| Q1 24 | $199.7M | $127.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $512.1M |
| Q4 25 | $2.6B | $-44.5M | ||
| Q3 25 | $2.2B | $-22.1M | ||
| Q2 25 | $2.3B | $-82.4M | ||
| Q1 25 | $2.4B | $-74.9M | ||
| Q4 24 | $2.5B | $-67.3M | ||
| Q3 24 | $2.6B | $45.9M | ||
| Q2 24 | $2.7B | $66.6M | ||
| Q1 24 | — | $19.2M |
| Q4 25 | $2.9B | $454.7M | ||
| Q3 25 | $2.6B | $511.4M | ||
| Q2 25 | $2.7B | $604.2M | ||
| Q1 25 | $2.8B | $596.2M | ||
| Q4 24 | $3.0B | $607.8M | ||
| Q3 24 | $3.1B | $692.0M | ||
| Q2 24 | $3.3B | $703.8M | ||
| Q1 24 | — | $724.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 26.69× |
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 | $-9.7M |
| Free Cash FlowOCF − Capex | $-63.9M | $-12.0M |
| FCF MarginFCF / Revenue | -146.5% | -20.2% |
| Capex IntensityCapex / Revenue | 0.2% | 3.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | $-42.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $-9.7M | ||
| Q3 25 | $-63.2M | $-6.0M | ||
| Q2 25 | $-77.0M | $-11.7M | ||
| Q1 25 | $-95.0M | $-3.1M | ||
| Q4 24 | — | $-3.1M | ||
| Q3 24 | $-104.6M | $4.8M | ||
| Q2 24 | $-171.8M | $-17.9M | ||
| Q1 24 | $-207.3M | $1.1M |
| Q4 25 | $-63.9M | $-12.0M | ||
| Q3 25 | $-63.6M | $-8.9M | ||
| Q2 25 | $-77.3M | $-14.8M | ||
| Q1 25 | $-95.1M | $-6.9M | ||
| Q4 24 | — | $-6.8M | ||
| Q3 24 | $-105.6M | $-230.0K | ||
| Q2 24 | $-173.2M | $-22.9M | ||
| Q1 24 | $-209.8M | $-10.4M |
| Q4 25 | -146.5% | -20.2% | ||
| Q3 25 | -175.8% | -14.8% | ||
| Q2 25 | -217.6% | -24.9% | ||
| Q1 25 | -298.6% | -10.6% | ||
| Q4 24 | — | -9.2% | ||
| Q3 24 | -368.4% | -0.3% | ||
| Q2 24 | -541.7% | -28.7% | ||
| Q1 24 | -785.3% | -12.2% |
| Q4 25 | 0.2% | 3.9% | ||
| Q3 25 | 1.1% | 4.8% | ||
| Q2 25 | 1.0% | 5.3% | ||
| Q1 25 | 0.2% | 5.8% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | 3.4% | 6.8% | ||
| Q2 24 | 4.3% | 6.2% | ||
| Q1 24 | 9.5% | 13.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.69× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.43× | ||
| 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% |
LPSN
| Hosted Services Business | $51.0M | 86% |
| Professional Services | $8.3M | 14% |