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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
VINCE HOLDING CORP. is the larger business by last-quarter revenue ($85.1M vs $43.6M, roughly 2.0× GRAIL, Inc.). VINCE HOLDING CORP. runs the higher net margin — 3.2% vs -227.5%, a 230.7% gap on every dollar of revenue. On growth, GRAIL, Inc. posted the faster year-over-year revenue change (14.0% vs 6.2%). VINCE HOLDING CORP. produced more free cash flow last quarter ($-5.7M vs $-63.9M). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs 6.3%).
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.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
GRAL vs VNCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $85.1M |
| Net Profit | $-99.2M | $2.7M |
| Gross Margin | — | 49.2% |
| Operating Margin | -285.4% | 6.4% |
| Net Margin | -227.5% | 3.2% |
| Revenue YoY | 14.0% | 6.2% |
| Net Profit YoY | -2.2% | -37.3% |
| EPS (diluted) | $-2.37 | $0.21 |
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 | $85.1M | ||
| Q3 25 | $36.2M | $73.2M | ||
| Q2 25 | $35.5M | $57.9M | ||
| Q1 25 | $31.8M | $80.0M | ||
| Q4 24 | $38.3M | $80.2M | ||
| Q3 24 | $28.7M | $74.2M | ||
| Q2 24 | $32.0M | $59.2M | ||
| Q1 24 | $26.7M | $75.3M |
| Q4 25 | $-99.2M | $2.7M | ||
| Q3 25 | $-89.0M | $12.1M | ||
| Q2 25 | $-114.0M | $-4.8M | ||
| Q1 25 | $-106.2M | $-28.3M | ||
| Q4 24 | $-97.1M | $4.3M | ||
| Q3 24 | $-125.7M | $569.0K | ||
| Q2 24 | $-1.6B | $4.4M | ||
| Q1 24 | $-218.9M | $-4.7M |
| Q4 25 | — | 49.2% | ||
| Q3 25 | — | 50.4% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 50.0% | ||
| Q3 24 | — | 47.4% | ||
| Q2 24 | — | 50.6% | ||
| Q1 24 | — | 45.4% |
| Q4 25 | -285.4% | 6.4% | ||
| Q3 25 | -346.2% | 15.2% | ||
| Q2 25 | -446.9% | -7.7% | ||
| Q1 25 | -482.5% | -37.1% | ||
| Q4 24 | -358.0% | 7.2% | ||
| Q3 24 | -640.5% | 1.5% | ||
| Q2 24 | -5133.8% | 9.5% | ||
| Q1 24 | -851.1% | -2.2% |
| Q4 25 | -227.5% | 3.2% | ||
| Q3 25 | -245.8% | 16.5% | ||
| Q2 25 | -320.7% | -8.3% | ||
| Q1 25 | -333.6% | -35.5% | ||
| Q4 24 | -253.8% | 5.4% | ||
| Q3 24 | -438.7% | 0.8% | ||
| Q2 24 | -4958.8% | 7.4% | ||
| Q1 24 | -819.3% | -6.2% |
| Q4 25 | $-2.37 | $0.21 | ||
| Q3 25 | $-2.46 | $0.93 | ||
| Q2 25 | $-3.18 | $-0.37 | ||
| Q1 25 | $-3.10 | $-2.25 | ||
| Q4 24 | $-1.49 | $0.34 | ||
| Q3 24 | $-3.94 | $0.05 | ||
| Q2 24 | $-51.06 | $0.35 | ||
| 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 | $1.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $53.4M |
| Total Assets | $2.9B | $246.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | $1.1M | ||
| Q3 25 | $126.9M | $777.0K | ||
| Q2 25 | $127.4M | $2.6M | ||
| Q1 25 | $133.9M | $607.0K | ||
| Q4 24 | $214.2M | $892.0K | ||
| Q3 24 | $853.6M | $711.0K | ||
| Q2 24 | $958.8M | $739.0K | ||
| Q1 24 | $199.7M | $357.0K |
| Q4 25 | $2.6B | $53.4M | ||
| Q3 25 | $2.2B | $49.3M | ||
| Q2 25 | $2.3B | $37.2M | ||
| Q1 25 | $2.4B | $41.8M | ||
| Q4 24 | $2.5B | $57.1M | ||
| Q3 24 | $2.6B | $52.4M | ||
| Q2 24 | $2.7B | $51.7M | ||
| Q1 24 | — | $47.2M |
| Q4 25 | $2.9B | $246.0M | ||
| Q3 25 | $2.6B | $239.0M | ||
| Q2 25 | $2.7B | $218.0M | ||
| Q1 25 | $2.8B | $222.7M | ||
| Q4 24 | $3.0B | $254.7M | ||
| Q3 24 | $3.1B | $253.6M | ||
| Q2 24 | $3.3B | $223.1M | ||
| Q1 24 | — | $225.1M |
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 | $-5.1M |
| Free Cash FlowOCF − Capex | $-63.9M | $-5.7M |
| FCF MarginFCF / Revenue | -146.5% | -6.7% |
| Capex IntensityCapex / Revenue | 0.2% | 0.7% |
| Cash ConversionOCF / Net Profit | — | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $-5.1M | ||
| Q3 25 | $-63.2M | $4.2M | ||
| Q2 25 | $-77.0M | $-11.8M | ||
| Q1 25 | $-95.0M | $22.7M | ||
| Q4 24 | — | $6.4M | ||
| Q3 24 | $-104.6M | $-3.2M | ||
| Q2 24 | $-171.8M | $-3.9M | ||
| Q1 24 | $-207.3M | $14.8M |
| Q4 25 | $-63.9M | $-5.7M | ||
| Q3 25 | $-63.6M | $2.1M | ||
| Q2 25 | $-77.3M | $-13.2M | ||
| Q1 25 | $-95.1M | $21.2M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | $-105.6M | $-3.9M | ||
| Q2 24 | $-173.2M | $-4.6M | ||
| Q1 24 | $-209.8M | $14.2M |
| Q4 25 | -146.5% | -6.7% | ||
| Q3 25 | -175.8% | 2.9% | ||
| Q2 25 | -217.6% | -22.9% | ||
| Q1 25 | -298.6% | 26.5% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | -368.4% | -5.2% | ||
| Q2 24 | -541.7% | -7.8% | ||
| Q1 24 | -785.3% | 18.9% |
| Q4 25 | 0.2% | 0.7% | ||
| Q3 25 | 1.1% | 2.9% | ||
| Q2 25 | 1.0% | 2.5% | ||
| Q1 25 | 0.2% | 1.9% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | 3.4% | 0.9% | ||
| Q2 24 | 4.3% | 1.3% | ||
| Q1 24 | 9.5% | 0.7% |
| Q4 25 | — | -1.86× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | -5.61× | ||
| Q2 24 | — | -0.89× | ||
| Q1 24 | — | — |
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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
