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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and Silvercrest Asset Management Group Inc. (SAMG). Click either name above to swap in a different company.
GRAIL, Inc. is the larger business by last-quarter revenue ($43.6M vs $32.0M, roughly 1.4× Silvercrest Asset Management Group Inc.). Silvercrest Asset Management Group Inc. runs the higher net margin — -0.4% vs -227.5%, a 227.1% gap on every dollar of revenue. On growth, GRAIL, Inc. posted the faster year-over-year revenue change (14.0% vs -0.0%). Silvercrest Asset Management Group Inc. produced more free cash flow last quarter ($15.0M vs $-63.9M). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs 2.7%).
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.
GRAL vs SAMG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $32.0M |
| Net Profit | $-99.2M | $-120.0K |
| Gross Margin | — | — |
| Operating Margin | -285.4% | -2.8% |
| Net Margin | -227.5% | -0.4% |
| Revenue YoY | 14.0% | -0.0% |
| Net Profit YoY | -2.2% | -107.4% |
| EPS (diluted) | $-2.37 | $0.02 |
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 | $32.0M | ||
| Q3 25 | $36.2M | $31.3M | ||
| Q2 25 | $35.5M | $30.7M | ||
| Q1 25 | $31.8M | $31.4M | ||
| Q4 24 | $38.3M | $32.0M | ||
| Q3 24 | $28.7M | $30.4M | ||
| Q2 24 | $32.0M | $31.0M | ||
| Q1 24 | $26.7M | $30.3M |
| Q4 25 | $-99.2M | $-120.0K | ||
| Q3 25 | $-89.0M | $618.0K | ||
| Q2 25 | $-114.0M | $1.9M | ||
| Q1 25 | $-106.2M | $2.5M | ||
| Q4 24 | $-97.1M | $1.6M | ||
| Q3 24 | $-125.7M | $2.3M | ||
| Q2 24 | $-1.6B | $2.7M | ||
| Q1 24 | $-218.9M | $3.0M |
| Q4 25 | -285.4% | -2.8% | ||
| Q3 25 | -346.2% | 4.3% | ||
| Q2 25 | -446.9% | 13.2% | ||
| Q1 25 | -482.5% | 15.4% | ||
| Q4 24 | -358.0% | 6.1% | ||
| Q3 24 | -640.5% | 14.6% | ||
| Q2 24 | -5133.8% | 17.1% | ||
| Q1 24 | -851.1% | 19.5% |
| Q4 25 | -227.5% | -0.4% | ||
| Q3 25 | -245.8% | 2.0% | ||
| Q2 25 | -320.7% | 6.3% | ||
| Q1 25 | -333.6% | 7.9% | ||
| Q4 24 | -253.8% | 5.1% | ||
| Q3 24 | -438.7% | 7.4% | ||
| Q2 24 | -4958.8% | 8.6% | ||
| Q1 24 | -819.3% | 9.9% |
| Q4 25 | $-2.37 | $0.02 | ||
| Q3 25 | $-2.46 | $0.07 | ||
| Q2 25 | $-3.18 | $0.21 | ||
| Q1 25 | $-3.10 | $0.26 | ||
| Q4 24 | $-1.49 | $0.16 | ||
| Q3 24 | $-3.94 | $0.24 | ||
| Q2 24 | $-51.06 | $0.28 | ||
| Q1 24 | $-7.05 | $0.32 |
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 | $44.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $50.3M |
| Total Assets | $2.9B | $166.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | $44.1M | ||
| Q3 25 | $126.9M | $36.1M | ||
| Q2 25 | $127.4M | $30.0M | ||
| Q1 25 | $133.9M | $36.3M | ||
| Q4 24 | $214.2M | $68.6M | ||
| Q3 24 | $853.6M | $58.1M | ||
| Q2 24 | $958.8M | $49.9M | ||
| Q1 24 | $199.7M | $39.7M |
| Q4 25 | $2.6B | $50.3M | ||
| Q3 25 | $2.2B | $58.9M | ||
| Q2 25 | $2.3B | $64.6M | ||
| Q1 25 | $2.4B | $80.0M | ||
| Q4 24 | $2.5B | $80.7M | ||
| Q3 24 | $2.6B | $84.6M | ||
| Q2 24 | $2.7B | $85.3M | ||
| Q1 24 | — | $83.9M |
| Q4 25 | $2.9B | $166.6M | ||
| Q3 25 | $2.6B | $157.6M | ||
| Q2 25 | $2.7B | $152.7M | ||
| Q1 25 | $2.8B | $159.9M | ||
| Q4 24 | $3.0B | $194.4M | ||
| Q3 24 | $3.1B | $184.2M | ||
| Q2 24 | $3.3B | $177.6M | ||
| Q1 24 | — | $170.2M |
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 | $18.6M |
| Free Cash FlowOCF − Capex | $-63.9M | $15.0M |
| FCF MarginFCF / Revenue | -146.5% | 46.9% |
| Capex IntensityCapex / Revenue | 0.2% | 11.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | $17.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $18.6M | ||
| Q3 25 | $-63.2M | $14.6M | ||
| Q2 25 | $-77.0M | $13.8M | ||
| Q1 25 | $-95.0M | $-24.7M | ||
| Q4 24 | — | $21.6M | ||
| Q3 24 | $-104.6M | $13.3M | ||
| Q2 24 | $-171.8M | $16.0M | ||
| Q1 24 | $-207.3M | $-24.1M |
| Q4 25 | $-63.9M | $15.0M | ||
| Q3 25 | $-63.6M | $13.8M | ||
| Q2 25 | $-77.3M | $13.4M | ||
| Q1 25 | $-95.1M | $-25.1M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | $-105.6M | $12.9M | ||
| Q2 24 | $-173.2M | $15.6M | ||
| Q1 24 | $-209.8M | $-24.7M |
| Q4 25 | -146.5% | 46.9% | ||
| Q3 25 | -175.8% | 44.1% | ||
| Q2 25 | -217.6% | 43.6% | ||
| Q1 25 | -298.6% | -80.0% | ||
| Q4 24 | — | 62.2% | ||
| Q3 24 | -368.4% | 42.4% | ||
| Q2 24 | -541.7% | 50.4% | ||
| Q1 24 | -785.3% | -81.6% |
| Q4 25 | 0.2% | 11.4% | ||
| Q3 25 | 1.1% | 2.6% | ||
| Q2 25 | 1.0% | 1.5% | ||
| Q1 25 | 0.2% | 1.3% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | 3.4% | 1.2% | ||
| Q2 24 | 4.3% | 1.1% | ||
| Q1 24 | 9.5% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 23.62× | ||
| Q2 25 | — | 7.22× | ||
| Q1 25 | — | -10.01× | ||
| Q4 24 | — | 13.34× | ||
| Q3 24 | — | 5.90× | ||
| Q2 24 | — | 6.00× | ||
| Q1 24 | — | -8.03× |
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% |
SAMG
| Investment Advisory Management And Administrative Service | $30.7M | 96% |
| Tax And Family Office Services | $1.2M | 4% |
