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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and UNITY BANCORP INC (UNTY). Click either name above to swap in a different company.
GRAIL, Inc. is the larger business by last-quarter revenue ($43.6M vs $35.3M, roughly 1.2× UNITY BANCORP INC). UNITY BANCORP INC runs the higher net margin — 43.9% vs -227.5%, a 271.4% gap on every dollar of revenue. On growth, UNITY BANCORP INC posted the faster year-over-year revenue change (24.2% vs 14.0%). UNITY BANCORP INC produced more free cash flow last quarter ($44.3M vs $-63.9M). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs 17.5%).
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.
Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.
GRAL vs UNTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $35.3M |
| Net Profit | $-99.2M | $15.5M |
| Gross Margin | — | — |
| Operating Margin | -285.4% | 55.8% |
| Net Margin | -227.5% | 43.9% |
| Revenue YoY | 14.0% | 24.2% |
| Net Profit YoY | -2.2% | 34.5% |
| EPS (diluted) | $-2.37 | $1.52 |
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 | $35.3M | ||
| Q3 25 | $36.2M | $32.8M | ||
| Q2 25 | $35.5M | $34.4M | ||
| Q1 25 | $31.8M | $29.4M | ||
| Q4 24 | $38.3M | $28.4M | ||
| Q3 24 | $28.7M | $27.7M | ||
| Q2 24 | $32.0M | $25.5M | ||
| Q1 24 | $26.7M | $25.6M |
| Q4 25 | $-99.2M | $15.5M | ||
| Q3 25 | $-89.0M | $14.4M | ||
| Q2 25 | $-114.0M | $16.5M | ||
| Q1 25 | $-106.2M | $11.6M | ||
| Q4 24 | $-97.1M | $11.5M | ||
| Q3 24 | $-125.7M | $10.9M | ||
| Q2 24 | $-1.6B | $9.5M | ||
| Q1 24 | $-218.9M | $9.6M |
| Q4 25 | -285.4% | 55.8% | ||
| Q3 25 | -346.2% | 57.5% | ||
| Q2 25 | -446.9% | 62.6% | ||
| Q1 25 | -482.5% | 52.6% | ||
| Q4 24 | -358.0% | 51.0% | ||
| Q3 24 | -640.5% | 52.7% | ||
| Q2 24 | -5133.8% | 49.3% | ||
| Q1 24 | -851.1% | 50.0% |
| Q4 25 | -227.5% | 43.9% | ||
| Q3 25 | -245.8% | 43.8% | ||
| Q2 25 | -320.7% | 48.0% | ||
| Q1 25 | -333.6% | 39.5% | ||
| Q4 24 | -253.8% | 40.5% | ||
| Q3 24 | -438.7% | 39.4% | ||
| Q2 24 | -4958.8% | 37.1% | ||
| Q1 24 | -819.3% | 37.5% |
| Q4 25 | $-2.37 | $1.52 | ||
| Q3 25 | $-2.46 | $1.41 | ||
| Q2 25 | $-3.18 | $1.61 | ||
| Q1 25 | $-3.10 | $1.13 | ||
| Q4 24 | $-1.49 | $1.13 | ||
| Q3 24 | $-3.94 | $1.07 | ||
| Q2 24 | $-51.06 | $0.92 | ||
| Q1 24 | $-7.05 | $0.94 |
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 | $345.6M |
| Total Assets | $2.9B | $3.0B |
| 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 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $230.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.6B | $345.6M | ||
| Q3 25 | $2.2B | $334.0M | ||
| Q2 25 | $2.3B | $319.8M | ||
| Q1 25 | $2.4B | $306.1M | ||
| Q4 24 | $2.5B | $295.6M | ||
| Q3 24 | $2.6B | $284.3M | ||
| Q2 24 | $2.7B | $273.4M | ||
| Q1 24 | — | $266.8M |
| Q4 25 | $2.9B | $3.0B | ||
| Q3 25 | $2.6B | $2.9B | ||
| Q2 25 | $2.7B | $2.9B | ||
| Q1 25 | $2.8B | $2.8B | ||
| Q4 24 | $3.0B | $2.7B | ||
| Q3 24 | $3.1B | $2.6B | ||
| Q2 24 | $3.3B | $2.6B | ||
| Q1 24 | — | $2.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $44.9M |
| Free Cash FlowOCF − Capex | $-63.9M | $44.3M |
| FCF MarginFCF / Revenue | -146.5% | 125.7% |
| Capex IntensityCapex / Revenue | 0.2% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.90× |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | $81.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $44.9M | ||
| Q3 25 | $-63.2M | $45.5M | ||
| Q2 25 | $-77.0M | $-25.3M | ||
| Q1 25 | $-95.0M | $17.9M | ||
| Q4 24 | — | $48.0M | ||
| Q3 24 | $-104.6M | $17.7M | ||
| Q2 24 | $-171.8M | $-8.4M | ||
| Q1 24 | $-207.3M | $15.8M |
| Q4 25 | $-63.9M | $44.3M | ||
| Q3 25 | $-63.6M | $45.3M | ||
| Q2 25 | $-77.3M | $-25.5M | ||
| Q1 25 | $-95.1M | $17.6M | ||
| Q4 24 | — | $47.3M | ||
| Q3 24 | $-105.6M | $17.5M | ||
| Q2 24 | $-173.2M | $-8.6M | ||
| Q1 24 | $-209.8M | $15.7M |
| Q4 25 | -146.5% | 125.7% | ||
| Q3 25 | -175.8% | 138.1% | ||
| Q2 25 | -217.6% | -74.2% | ||
| Q1 25 | -298.6% | 59.9% | ||
| Q4 24 | — | 166.5% | ||
| Q3 24 | -368.4% | 63.3% | ||
| Q2 24 | -541.7% | -33.7% | ||
| Q1 24 | -785.3% | 61.4% |
| Q4 25 | 0.2% | 1.6% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 1.0% | 0.5% | ||
| Q1 25 | 0.2% | 1.0% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | 3.4% | 0.5% | ||
| Q2 24 | 4.3% | 0.5% | ||
| Q1 24 | 9.5% | 0.3% |
| Q4 25 | — | 2.90× | ||
| Q3 25 | — | 3.16× | ||
| Q2 25 | — | -1.54× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | 4.17× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | -0.89× | ||
| Q1 24 | — | 1.64× |
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% |
UNTY
Segment breakdown not available.
