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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

Bigger by revenue
LPSN
LPSN
1.4× larger
LPSN
$59.3M
$43.6M
GRAL
Growing faster (revenue YoY)
GRAL
GRAL
+33.0% gap
GRAL
14.0%
-19.0%
LPSN
Higher net margin
LPSN
LPSN
149.7% more per $
LPSN
-77.8%
-227.5%
GRAL
More free cash flow
LPSN
LPSN
$51.9M more FCF
LPSN
$-12.0M
$-63.9M
GRAL
Faster 2-yr revenue CAGR
GRAL
GRAL
Annualised
GRAL
27.7%
-16.6%
LPSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GRAL
GRAL
LPSN
LPSN
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.

Revenue
GRAL
GRAL
LPSN
LPSN
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
Net Profit
GRAL
GRAL
LPSN
LPSN
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
Gross Margin
GRAL
GRAL
LPSN
LPSN
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%
Operating Margin
GRAL
GRAL
LPSN
LPSN
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%
Net Margin
GRAL
GRAL
LPSN
LPSN
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%
EPS (diluted)
GRAL
GRAL
LPSN
LPSN
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
GRAL
GRAL
LPSN
LPSN
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.

Cash + ST Investments
GRAL
GRAL
LPSN
LPSN
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
Total Debt
GRAL
GRAL
LPSN
LPSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$512.1M
Stockholders' Equity
GRAL
GRAL
LPSN
LPSN
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
Total Assets
GRAL
GRAL
LPSN
LPSN
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
Debt / Equity
GRAL
GRAL
LPSN
LPSN
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
GRAL
GRAL
LPSN
LPSN
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.

Operating Cash Flow
GRAL
GRAL
LPSN
LPSN
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
Free Cash Flow
GRAL
GRAL
LPSN
LPSN
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
FCF Margin
GRAL
GRAL
LPSN
LPSN
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%
Capex Intensity
GRAL
GRAL
LPSN
LPSN
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%
Cash Conversion
GRAL
GRAL
LPSN
LPSN
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
GRAL

Screening Revenue$42.3M97%
Developmental Services Revenue$1.3M3%

LPSN
LPSN

Hosted Services Business$51.0M86%
Professional Services$8.3M14%

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