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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and Orange County Bancorp, Inc. (OBT). Click either name above to swap in a different company.
GRAIL, Inc. is the larger business by last-quarter revenue ($43.6M vs $33.0M, roughly 1.3× Orange County Bancorp, Inc.). Orange County Bancorp, Inc. runs the higher net margin — 37.6% vs -227.5%, a 265.1% gap on every dollar of revenue. On growth, Orange County Bancorp, Inc. posted the faster year-over-year revenue change (20.6% vs 14.0%). Orange County Bancorp, Inc. produced more free cash flow last quarter ($41.3M vs $-63.9M). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs 14.3%).
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.
Orange County Bancorp, Inc. is a Delaware-registered bank holding company operating mainly in New York, U.S. It offers a full range of retail and commercial banking services, including deposit accounts, loans and wealth management solutions, serving individual consumers, small and mid-sized corporate clients in its regional footprint.
GRAL vs OBT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $33.0M |
| Net Profit | $-99.2M | $12.4M |
| Gross Margin | — | — |
| Operating Margin | -285.4% | 41.4% |
| Net Margin | -227.5% | 37.6% |
| Revenue YoY | 14.0% | 20.6% |
| Net Profit YoY | -2.2% | 73.5% |
| EPS (diluted) | $-2.37 | $0.94 |
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 | $33.0M | ||
| Q3 25 | $36.2M | $33.7M | ||
| Q2 25 | $35.5M | $32.5M | ||
| Q1 25 | $31.8M | $28.0M | ||
| Q4 24 | $38.3M | $27.4M | ||
| Q3 24 | $28.7M | $27.1M | ||
| Q2 24 | $32.0M | $27.9M | ||
| Q1 24 | $26.7M | $25.3M |
| Q4 25 | $-99.2M | $12.4M | ||
| Q3 25 | $-89.0M | $10.0M | ||
| Q2 25 | $-114.0M | $10.5M | ||
| Q1 25 | $-106.2M | $8.7M | ||
| Q4 24 | $-97.1M | $7.2M | ||
| Q3 24 | $-125.7M | $3.2M | ||
| Q2 24 | $-1.6B | $8.2M | ||
| Q1 24 | $-218.9M | $9.3M |
| Q4 25 | -285.4% | 41.4% | ||
| Q3 25 | -346.2% | 38.6% | ||
| Q2 25 | -446.9% | 41.9% | ||
| Q1 25 | -482.5% | 40.3% | ||
| Q4 24 | -358.0% | 32.8% | ||
| Q3 24 | -640.5% | 14.8% | ||
| Q2 24 | -5133.8% | 36.6% | ||
| Q1 24 | -851.1% | 45.9% |
| Q4 25 | -227.5% | 37.6% | ||
| Q3 25 | -245.8% | 29.7% | ||
| Q2 25 | -320.7% | 32.2% | ||
| Q1 25 | -333.6% | 31.1% | ||
| Q4 24 | -253.8% | 26.2% | ||
| Q3 24 | -438.7% | 11.8% | ||
| Q2 24 | -4958.8% | 29.4% | ||
| Q1 24 | -819.3% | 36.7% |
| Q4 25 | $-2.37 | $0.94 | ||
| Q3 25 | $-2.46 | $0.75 | ||
| Q2 25 | $-3.18 | $0.87 | ||
| Q1 25 | $-3.10 | $0.77 | ||
| Q4 24 | $-1.49 | $0.64 | ||
| Q3 24 | $-3.94 | $0.28 | ||
| Q2 24 | $-51.06 | $0.73 | ||
| Q1 24 | $-7.05 | $0.82 |
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 | $284.4M |
| Total Assets | $2.9B | $2.7B |
| 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 | $284.4M | ||
| Q3 25 | $2.2B | $270.1M | ||
| Q2 25 | $2.3B | $252.6M | ||
| Q1 25 | $2.4B | $201.3M | ||
| Q4 24 | $2.5B | $185.5M | ||
| Q3 24 | $2.6B | $193.1M | ||
| Q2 24 | $2.7B | $177.5M | ||
| Q1 24 | — | $168.7M |
| Q4 25 | $2.9B | $2.7B | ||
| Q3 25 | $2.6B | $2.6B | ||
| Q2 25 | $2.7B | $2.6B | ||
| Q1 25 | $2.8B | $2.6B | ||
| Q4 24 | $3.0B | $2.5B | ||
| Q3 24 | $3.1B | $2.5B | ||
| Q2 24 | $3.3B | $2.5B | ||
| Q1 24 | — | $2.5B |
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 | $43.8M |
| Free Cash FlowOCF − Capex | $-63.9M | $41.3M |
| FCF MarginFCF / Revenue | -146.5% | 125.1% |
| Capex IntensityCapex / Revenue | 0.2% | 7.6% |
| Cash ConversionOCF / Net Profit | — | 3.53× |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | $69.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $43.8M | ||
| Q3 25 | $-63.2M | $30.2M | ||
| Q2 25 | $-77.0M | $-5.0M | ||
| Q1 25 | $-95.0M | $4.8M | ||
| Q4 24 | — | $34.6M | ||
| Q3 24 | $-104.6M | $10.2M | ||
| Q2 24 | $-171.8M | $9.3M | ||
| Q1 24 | $-207.3M | $2.3M |
| Q4 25 | $-63.9M | $41.3M | ||
| Q3 25 | $-63.6M | $29.6M | ||
| Q2 25 | $-77.3M | $-5.7M | ||
| Q1 25 | $-95.1M | $4.3M | ||
| Q4 24 | — | $32.9M | ||
| Q3 24 | $-105.6M | $10.0M | ||
| Q2 24 | $-173.2M | $9.2M | ||
| Q1 24 | $-209.8M | $2.0M |
| Q4 25 | -146.5% | 125.1% | ||
| Q3 25 | -175.8% | 87.8% | ||
| Q2 25 | -217.6% | -17.5% | ||
| Q1 25 | -298.6% | 15.5% | ||
| Q4 24 | — | 120.0% | ||
| Q3 24 | -368.4% | 36.7% | ||
| Q2 24 | -541.7% | 32.8% | ||
| Q1 24 | -785.3% | 7.9% |
| Q4 25 | 0.2% | 7.6% | ||
| Q3 25 | 1.1% | 1.8% | ||
| Q2 25 | 1.0% | 2.3% | ||
| Q1 25 | 0.2% | 1.8% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | 3.4% | 1.1% | ||
| Q2 24 | 4.3% | 0.4% | ||
| Q1 24 | 9.5% | 1.0% |
| Q4 25 | — | 3.53× | ||
| Q3 25 | — | 3.01× | ||
| Q2 25 | — | -0.47× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 4.83× | ||
| Q3 24 | — | 3.19× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 0.24× |
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% |
OBT
Segment breakdown not available.
