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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and Tectonic Financial, Inc. (TECTP). Click either name above to swap in a different company.
GRAIL, Inc. is the larger business by last-quarter revenue ($43.6M vs $23.0M, roughly 1.9× Tectonic Financial, Inc.). Tectonic Financial, Inc. runs the higher net margin — 23.8% vs -227.5%, a 251.3% gap on every dollar of revenue. On growth, Tectonic Financial, Inc. posted the faster year-over-year revenue change (17.9% vs 14.0%). Tectonic Financial, Inc. produced more free cash flow last quarter ($-17.3M vs $-63.9M). Over the past eight quarters, Tectonic Financial, Inc.'s revenue compounded faster (270.5% CAGR vs 27.7%).
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.
Tectonic Financial, Inc.TECTPEarnings & Financial Report
Tectonic Financial, Inc. is a US-based diversified financial services provider. It offers core services including wealth management, investment banking, capital markets advisory, and tailored financial solutions. Its key client segments cover high-net-worth individuals, institutional investors, and small to mid-sized enterprises across North America.
GRAL vs TECTP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $23.0M |
| Net Profit | $-99.2M | $5.5M |
| Gross Margin | — | — |
| Operating Margin | -285.4% | 30.6% |
| Net Margin | -227.5% | 23.8% |
| Revenue YoY | 14.0% | 17.9% |
| Net Profit YoY | -2.2% | 15.9% |
| EPS (diluted) | $-2.37 | $0.73 |
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 | — | ||
| Q3 25 | $36.2M | $23.0M | ||
| Q2 25 | $35.5M | $21.6M | ||
| Q1 25 | $31.8M | $21.8M | ||
| Q4 24 | $38.3M | $21.4M | ||
| Q3 24 | $28.7M | $19.5M | ||
| Q2 24 | $32.0M | $18.6M | ||
| Q1 24 | $26.7M | $17.6M |
| Q4 25 | $-99.2M | — | ||
| Q3 25 | $-89.0M | $5.5M | ||
| Q2 25 | $-114.0M | $4.3M | ||
| Q1 25 | $-106.2M | $4.5M | ||
| Q4 24 | $-97.1M | $3.0M | ||
| Q3 24 | $-125.7M | $4.7M | ||
| Q2 24 | $-1.6B | $3.1M | ||
| Q1 24 | $-218.9M | $3.1M |
| Q4 25 | -285.4% | — | ||
| Q3 25 | -346.2% | 30.6% | ||
| Q2 25 | -446.9% | 25.9% | ||
| Q1 25 | -482.5% | 26.0% | ||
| Q4 24 | -358.0% | 22.1% | ||
| Q3 24 | -640.5% | 29.1% | ||
| Q2 24 | -5133.8% | 21.5% | ||
| Q1 24 | -851.1% | 22.2% |
| Q4 25 | -227.5% | — | ||
| Q3 25 | -245.8% | 23.8% | ||
| Q2 25 | -320.7% | 19.8% | ||
| Q1 25 | -333.6% | 20.4% | ||
| Q4 24 | -253.8% | 14.0% | ||
| Q3 24 | -438.7% | 24.2% | ||
| Q2 24 | -4958.8% | 16.9% | ||
| Q1 24 | -819.3% | 17.4% |
| Q4 25 | $-2.37 | — | ||
| Q3 25 | $-2.46 | $0.73 | ||
| Q2 25 | $-3.18 | $0.55 | ||
| Q1 25 | $-3.10 | $0.57 | ||
| Q4 24 | $-1.49 | $0.35 | ||
| Q3 24 | $-3.94 | $0.58 | ||
| Q2 24 | $-51.06 | $0.38 | ||
| Q1 24 | $-7.05 | $0.37 |
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 | $119.2M |
| Total Assets | $2.9B | $1.1B |
| 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 | — | ||
| Q3 25 | $2.2B | $119.2M | ||
| Q2 25 | $2.3B | $114.6M | ||
| Q1 25 | $2.4B | $111.3M | ||
| Q4 24 | $2.5B | $113.4M | ||
| Q3 24 | $2.6B | $112.8M | ||
| Q2 24 | $2.7B | $110.4M | ||
| Q1 24 | — | $108.5M |
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.6B | $1.1B | ||
| Q2 25 | $2.7B | $997.0M | ||
| Q1 25 | $2.8B | $910.5M | ||
| Q4 24 | $3.0B | $863.4M | ||
| Q3 24 | $3.1B | $847.5M | ||
| Q2 24 | $3.3B | $777.1M | ||
| Q1 24 | — | $777.6M |
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 | $-17.3M |
| Free Cash FlowOCF − Capex | $-63.9M | $-17.3M |
| FCF MarginFCF / Revenue | -146.5% | -74.9% |
| Capex IntensityCapex / Revenue | 0.2% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -3.14× |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | — | ||
| Q3 25 | $-63.2M | $-17.3M | ||
| Q2 25 | $-77.0M | $-32.5M | ||
| Q1 25 | $-95.0M | $-35.6M | ||
| Q4 24 | — | $-86.6M | ||
| Q3 24 | $-104.6M | $-22.5M | ||
| Q2 24 | $-171.8M | $-30.7M | ||
| Q1 24 | $-207.3M | $-3.2M |
| Q4 25 | $-63.9M | — | ||
| Q3 25 | $-63.6M | $-17.3M | ||
| Q2 25 | $-77.3M | — | ||
| Q1 25 | $-95.1M | $-35.6M | ||
| Q4 24 | — | $-86.8M | ||
| Q3 24 | $-105.6M | $-22.5M | ||
| Q2 24 | $-173.2M | $-30.7M | ||
| Q1 24 | $-209.8M | $-3.3M |
| Q4 25 | -146.5% | — | ||
| Q3 25 | -175.8% | -74.9% | ||
| Q2 25 | -217.6% | — | ||
| Q1 25 | -298.6% | -163.2% | ||
| Q4 24 | — | -406.5% | ||
| Q3 24 | -368.4% | -115.0% | ||
| Q2 24 | -541.7% | -165.5% | ||
| Q1 24 | -785.3% | -18.8% |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 1.1% | 0.0% | ||
| Q2 25 | 1.0% | 0.0% | ||
| Q1 25 | 0.2% | 0.0% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | 3.4% | 0.1% | ||
| Q2 24 | 4.3% | 0.3% | ||
| Q1 24 | 9.5% | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | -3.14× | ||
| Q2 25 | — | -7.61× | ||
| Q1 25 | — | -8.00× | ||
| Q4 24 | — | -28.99× | ||
| Q3 24 | — | -4.74× | ||
| Q2 24 | — | -9.76× | ||
| Q1 24 | — | -1.03× |
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% |
TECTP
Segment breakdown not available.
