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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and PCB BANCORP (PCB). Click either name above to swap in a different company.
GRAIL, Inc. is the larger business by last-quarter revenue ($43.6M vs $29.2M, roughly 1.5× PCB BANCORP). On growth, GRAIL, Inc. posted the faster year-over-year revenue change (14.0% vs 11.3%). PCB BANCORP produced more free cash flow last quarter ($24.4M 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.
PCB Bank is an American community bank that focuses on the Korean-American community based in California and offers commercial banking services. It has branches in 8 states and is the third largest Korean American Bank after Bank of Hope and Hanmi Bank.
GRAL vs PCB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $29.2M |
| Net Profit | $-99.2M | — |
| Gross Margin | — | — |
| Operating Margin | -285.4% | 45.0% |
| Net Margin | -227.5% | — |
| Revenue YoY | 14.0% | 11.3% |
| Net Profit YoY | -2.2% | — |
| EPS (diluted) | $-2.37 | $0.65 |
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 | $29.2M | ||
| Q3 25 | $36.2M | $30.4M | ||
| Q2 25 | $35.5M | $29.3M | ||
| Q1 25 | $31.8M | $26.9M | ||
| Q4 24 | $38.3M | $26.2M | ||
| Q3 24 | $28.7M | $25.3M | ||
| Q2 24 | $32.0M | $24.2M | ||
| Q1 24 | $26.7M | $23.9M |
| Q4 25 | $-99.2M | — | ||
| Q3 25 | $-89.0M | $11.4M | ||
| Q2 25 | $-114.0M | $9.1M | ||
| Q1 25 | $-106.2M | $7.7M | ||
| Q4 24 | $-97.1M | — | ||
| Q3 24 | $-125.7M | $7.8M | ||
| Q2 24 | $-1.6B | $6.3M | ||
| Q1 24 | $-218.9M | $4.7M |
| Q4 25 | -285.4% | 45.0% | ||
| Q3 25 | -346.2% | 52.3% | ||
| Q2 25 | -446.9% | 43.3% | ||
| Q1 25 | -482.5% | 40.2% | ||
| Q4 24 | -358.0% | 39.3% | ||
| Q3 24 | -640.5% | 42.2% | ||
| Q2 24 | -5133.8% | 36.3% | ||
| Q1 24 | -851.1% | 27.2% |
| Q4 25 | -227.5% | — | ||
| Q3 25 | -245.8% | 37.5% | ||
| Q2 25 | -320.7% | 31.0% | ||
| Q1 25 | -333.6% | 28.8% | ||
| Q4 24 | -253.8% | — | ||
| Q3 24 | -438.7% | 30.8% | ||
| Q2 24 | -4958.8% | 25.9% | ||
| Q1 24 | -819.3% | 19.6% |
| Q4 25 | $-2.37 | $0.65 | ||
| Q3 25 | $-2.46 | $0.78 | ||
| Q2 25 | $-3.18 | $0.62 | ||
| Q1 25 | $-3.10 | $0.53 | ||
| Q4 24 | $-1.49 | $0.46 | ||
| Q3 24 | $-3.94 | $0.52 | ||
| Q2 24 | $-51.06 | $0.43 | ||
| Q1 24 | $-7.05 | $0.33 |
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 | $207.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $390.0M |
| Total Assets | $2.9B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | $207.1M | ||
| Q3 25 | $126.9M | $369.5M | ||
| Q2 25 | $127.4M | $263.6M | ||
| Q1 25 | $133.9M | $214.3M | ||
| Q4 24 | $214.2M | $198.8M | ||
| Q3 24 | $853.6M | $193.1M | ||
| Q2 24 | $958.8M | $177.6M | ||
| Q1 24 | $199.7M | $239.8M |
| Q4 25 | $2.6B | $390.0M | ||
| Q3 25 | $2.2B | $384.5M | ||
| Q2 25 | $2.3B | $376.5M | ||
| Q1 25 | $2.4B | $370.9M | ||
| Q4 24 | $2.5B | $363.8M | ||
| Q3 24 | $2.6B | $362.3M | ||
| Q2 24 | $2.7B | $353.5M | ||
| Q1 24 | — | $350.0M |
| Q4 25 | $2.9B | $3.3B | ||
| Q3 25 | $2.6B | $3.4B | ||
| Q2 25 | $2.7B | $3.3B | ||
| Q1 25 | $2.8B | $3.2B | ||
| Q4 24 | $3.0B | $3.1B | ||
| Q3 24 | $3.1B | $2.9B | ||
| Q2 24 | $3.3B | $2.9B | ||
| Q1 24 | — | $2.9B |
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 | $26.6M |
| Free Cash FlowOCF − Capex | $-63.9M | $24.4M |
| FCF MarginFCF / Revenue | -146.5% | 83.6% |
| Capex IntensityCapex / Revenue | 0.2% | 7.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | $46.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $26.6M | ||
| Q3 25 | $-63.2M | $16.4M | ||
| Q2 25 | $-77.0M | $4.9M | ||
| Q1 25 | $-95.0M | $2.3M | ||
| Q4 24 | — | $39.0M | ||
| Q3 24 | $-104.6M | $11.9M | ||
| Q2 24 | $-171.8M | $14.6M | ||
| Q1 24 | $-207.3M | $8.2M |
| Q4 25 | $-63.9M | $24.4M | ||
| Q3 25 | $-63.6M | $16.2M | ||
| Q2 25 | $-77.3M | $3.8M | ||
| Q1 25 | $-95.1M | $1.6M | ||
| Q4 24 | — | $34.9M | ||
| Q3 24 | $-105.6M | $11.9M | ||
| Q2 24 | $-173.2M | $12.8M | ||
| Q1 24 | $-209.8M | $6.0M |
| Q4 25 | -146.5% | 83.6% | ||
| Q3 25 | -175.8% | 53.2% | ||
| Q2 25 | -217.6% | 13.1% | ||
| Q1 25 | -298.6% | 6.0% | ||
| Q4 24 | — | 133.2% | ||
| Q3 24 | -368.4% | 46.8% | ||
| Q2 24 | -541.7% | 53.1% | ||
| Q1 24 | -785.3% | 25.2% |
| Q4 25 | 0.2% | 7.5% | ||
| Q3 25 | 1.1% | 0.8% | ||
| Q2 25 | 1.0% | 3.7% | ||
| Q1 25 | 0.2% | 2.8% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | 3.4% | 0.1% | ||
| Q2 24 | 4.3% | 7.3% | ||
| Q1 24 | 9.5% | 9.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.52× | ||
| Q2 24 | — | 2.33× | ||
| Q1 24 | — | 1.76× |
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% |
PCB
Segment breakdown not available.
