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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and Sila Realty Trust, Inc. (SILA). Click either name above to swap in a different company.

Sila Realty Trust, Inc. is the larger business by last-quarter revenue ($50.1M vs $43.6M, roughly 1.1× GRAIL, Inc.). Sila Realty Trust, Inc. runs the higher net margin — 10.0% vs -227.5%, a 237.5% gap on every dollar of revenue. On growth, GRAIL, Inc. posted the faster year-over-year revenue change (14.0% vs 7.6%). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs -0.6%).

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.

Sila Realty Trust, Inc. is a U.S.-based real estate investment trust that owns, operates, and acquires high-quality income-generating commercial properties. Its core portfolio covers industrial logistics facilities, office assets and mixed-use properties, serving tenants across logistics, corporate and retail segments to deliver stable long-term returns.

GRAL vs SILA — Head-to-Head

Bigger by revenue
SILA
SILA
1.1× larger
SILA
$50.1M
$43.6M
GRAL
Growing faster (revenue YoY)
GRAL
GRAL
+6.4% gap
GRAL
14.0%
7.6%
SILA
Higher net margin
SILA
SILA
237.5% more per $
SILA
10.0%
-227.5%
GRAL
Faster 2-yr revenue CAGR
GRAL
GRAL
Annualised
GRAL
27.7%
-0.6%
SILA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GRAL
GRAL
SILA
SILA
Revenue
$43.6M
$50.1M
Net Profit
$-99.2M
$5.0M
Gross Margin
88.9%
Operating Margin
-285.4%
Net Margin
-227.5%
10.0%
Revenue YoY
14.0%
7.6%
Net Profit YoY
-2.2%
-54.9%
EPS (diluted)
$-2.37
$0.10

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
SILA
SILA
Q4 25
$43.6M
$50.1M
Q3 25
$36.2M
$49.8M
Q2 25
$35.5M
$48.7M
Q1 25
$31.8M
$48.3M
Q4 24
$38.3M
$46.5M
Q3 24
$28.7M
$46.1M
Q2 24
$32.0M
$43.6M
Q1 24
$26.7M
$50.6M
Net Profit
GRAL
GRAL
SILA
SILA
Q4 25
$-99.2M
$5.0M
Q3 25
$-89.0M
$11.6M
Q2 25
$-114.0M
$8.6M
Q1 25
$-106.2M
$7.9M
Q4 24
$-97.1M
$11.1M
Q3 24
$-125.7M
$11.9M
Q2 24
$-1.6B
$4.6M
Q1 24
$-218.9M
$15.0M
Gross Margin
GRAL
GRAL
SILA
SILA
Q4 25
88.9%
Q3 25
88.1%
Q2 25
87.7%
Q1 25
86.9%
Q4 24
87.3%
Q3 24
87.4%
Q2 24
86.6%
Q1 24
89.0%
Operating Margin
GRAL
GRAL
SILA
SILA
Q4 25
-285.4%
Q3 25
-346.2%
Q2 25
-446.9%
Q1 25
-482.5%
Q4 24
-358.0%
Q3 24
-640.5%
Q2 24
-5133.8%
Q1 24
-851.1%
Net Margin
GRAL
GRAL
SILA
SILA
Q4 25
-227.5%
10.0%
Q3 25
-245.8%
23.3%
Q2 25
-320.7%
17.6%
Q1 25
-333.6%
16.4%
Q4 24
-253.8%
23.9%
Q3 24
-438.7%
25.9%
Q2 24
-4958.8%
10.6%
Q1 24
-819.3%
29.6%
EPS (diluted)
GRAL
GRAL
SILA
SILA
Q4 25
$-2.37
$0.10
Q3 25
$-2.46
$0.21
Q2 25
$-3.18
$0.15
Q1 25
$-3.10
$0.14
Q4 24
$-1.49
$0.20
Q3 24
$-3.94
$0.21
Q2 24
$-51.06
$0.08
Q1 24
$-7.05
$0.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GRAL
GRAL
SILA
SILA
Cash + ST InvestmentsLiquidity on hand
$249.7M
$32.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.6B
$1.3B
Total Assets
$2.9B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRAL
GRAL
SILA
SILA
Q4 25
$249.7M
$32.3M
Q3 25
$126.9M
$27.7M
Q2 25
$127.4M
$24.8M
Q1 25
$133.9M
$30.5M
Q4 24
$214.2M
$39.8M
Q3 24
$853.6M
$28.6M
Q2 24
$958.8M
$87.0M
Q1 24
$199.7M
$90.2M
Stockholders' Equity
GRAL
GRAL
SILA
SILA
Q4 25
$2.6B
$1.3B
Q3 25
$2.2B
$1.3B
Q2 25
$2.3B
$1.4B
Q1 25
$2.4B
$1.4B
Q4 24
$2.5B
$1.4B
Q3 24
$2.6B
$1.4B
Q2 24
$2.7B
$1.5B
Q1 24
$1.5B
Total Assets
GRAL
GRAL
SILA
SILA
Q4 25
$2.9B
$2.1B
Q3 25
$2.6B
$2.1B
Q2 25
$2.7B
$2.0B
Q1 25
$2.8B
$2.0B
Q4 24
$3.0B
$2.0B
Q3 24
$3.1B
$2.0B
Q2 24
$3.3B
$2.1B
Q1 24
$2.1B

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
SILA
SILA
Operating Cash FlowLast quarter
$-63.8M
$119.1M
Free Cash FlowOCF − Capex
$-63.9M
FCF MarginFCF / Revenue
-146.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
23.76×
TTM Free Cash FlowTrailing 4 quarters
$-299.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRAL
GRAL
SILA
SILA
Q4 25
$-63.8M
$119.1M
Q3 25
$-63.2M
$30.0M
Q2 25
$-77.0M
$31.9M
Q1 25
$-95.0M
$24.1M
Q4 24
$132.8M
Q3 24
$-104.6M
$29.1M
Q2 24
$-171.8M
$31.6M
Q1 24
$-207.3M
$36.6M
Free Cash Flow
GRAL
GRAL
SILA
SILA
Q4 25
$-63.9M
Q3 25
$-63.6M
Q2 25
$-77.3M
Q1 25
$-95.1M
Q4 24
Q3 24
$-105.6M
Q2 24
$-173.2M
Q1 24
$-209.8M
FCF Margin
GRAL
GRAL
SILA
SILA
Q4 25
-146.5%
Q3 25
-175.8%
Q2 25
-217.6%
Q1 25
-298.6%
Q4 24
Q3 24
-368.4%
Q2 24
-541.7%
Q1 24
-785.3%
Capex Intensity
GRAL
GRAL
SILA
SILA
Q4 25
0.2%
Q3 25
1.1%
Q2 25
1.0%
Q1 25
0.2%
Q4 24
Q3 24
3.4%
Q2 24
4.3%
Q1 24
9.5%
Cash Conversion
GRAL
GRAL
SILA
SILA
Q4 25
23.76×
Q3 25
2.59×
Q2 25
3.71×
Q1 25
3.06×
Q4 24
11.95×
Q3 24
2.43×
Q2 24
6.84×
Q1 24
2.44×

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%

SILA
SILA

Segment breakdown not available.

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