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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.
Vitesse Energy, Inc. is the larger business by last-quarter revenue ($58.6M vs $43.6M, roughly 1.3× GRAIL, Inc.). Vitesse Energy, Inc. runs the higher net margin — -1.3% vs -227.5%, a 226.2% gap on every dollar of revenue. On growth, GRAIL, Inc. posted the faster year-over-year revenue change (14.0% vs 4.8%). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs -2.1%).
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.
Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.
GRAL vs VTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $58.6M |
| Net Profit | $-99.2M | $-739.0K |
| Gross Margin | — | — |
| Operating Margin | -285.4% | -12.0% |
| Net Margin | -227.5% | -1.3% |
| Revenue YoY | 14.0% | 4.8% |
| Net Profit YoY | -2.2% | 85.6% |
| EPS (diluted) | $-2.37 | $-0.01 |
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 | $58.6M | ||
| Q3 25 | $36.2M | $67.4M | ||
| Q2 25 | $35.5M | $81.8M | ||
| Q1 25 | $31.8M | $66.2M | ||
| Q4 24 | $38.3M | $55.9M | ||
| Q3 24 | $28.7M | $58.3M | ||
| Q2 24 | $32.0M | $66.6M | ||
| Q1 24 | $26.7M | $61.2M |
| Q4 25 | $-99.2M | $-739.0K | ||
| Q3 25 | $-89.0M | $-1.3M | ||
| Q2 25 | $-114.0M | $24.7M | ||
| Q1 25 | $-106.2M | $2.7M | ||
| Q4 24 | $-97.1M | $-5.1M | ||
| Q3 24 | $-125.7M | $17.4M | ||
| Q2 24 | $-1.6B | $10.9M | ||
| Q1 24 | $-218.9M | $-2.2M |
| Q4 25 | -285.4% | -12.0% | ||
| Q3 25 | -346.2% | 0.2% | ||
| Q2 25 | -446.9% | 22.8% | ||
| Q1 25 | -482.5% | 8.1% | ||
| Q4 24 | -358.0% | 3.7% | ||
| Q3 24 | -640.5% | 15.4% | ||
| Q2 24 | -5133.8% | 25.2% | ||
| Q1 24 | -851.1% | 21.4% |
| Q4 25 | -227.5% | -1.3% | ||
| Q3 25 | -245.8% | -1.9% | ||
| Q2 25 | -320.7% | 30.2% | ||
| Q1 25 | -333.6% | 4.0% | ||
| Q4 24 | -253.8% | -9.2% | ||
| Q3 24 | -438.7% | 29.9% | ||
| Q2 24 | -4958.8% | 16.4% | ||
| Q1 24 | -819.3% | -3.6% |
| Q4 25 | $-2.37 | $-0.01 | ||
| Q3 25 | $-2.46 | $-0.03 | ||
| Q2 25 | $-3.18 | $0.60 | ||
| Q1 25 | $-3.10 | $0.08 | ||
| Q4 24 | $-1.49 | $-0.15 | ||
| Q3 24 | $-3.94 | $0.53 | ||
| Q2 24 | $-51.06 | $0.33 | ||
| Q1 24 | $-7.05 | $-0.07 |
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 | $629.3M |
| Total Assets | $2.9B | $893.4M |
| 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 | $4.5M | ||
| Q4 24 | $214.2M | $3.0M | ||
| Q3 24 | $853.6M | — | ||
| Q2 24 | $958.8M | — | ||
| Q1 24 | $199.7M | — |
| Q4 25 | $2.6B | $629.3M | ||
| Q3 25 | $2.2B | $650.3M | ||
| Q2 25 | $2.3B | $671.9M | ||
| Q1 25 | $2.4B | $667.7M | ||
| Q4 24 | $2.5B | $500.3M | ||
| Q3 24 | $2.6B | $520.4M | ||
| Q2 24 | $2.7B | $518.5M | ||
| Q1 24 | — | $522.7M |
| Q4 25 | $2.9B | $893.4M | ||
| Q3 25 | $2.6B | $932.9M | ||
| Q2 25 | $2.7B | $951.5M | ||
| Q1 25 | $2.8B | $975.2M | ||
| Q4 24 | $3.0B | $810.9M | ||
| Q3 24 | $3.1B | $791.2M | ||
| Q2 24 | $3.3B | $778.4M | ||
| Q1 24 | — | $749.7M |
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 | $37.4M |
| Free Cash FlowOCF − Capex | $-63.9M | — |
| FCF MarginFCF / Revenue | -146.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $37.4M | ||
| Q3 25 | $-63.2M | $49.4M | ||
| Q2 25 | $-77.0M | $66.0M | ||
| Q1 25 | $-95.0M | $17.5M | ||
| Q4 24 | — | $34.7M | ||
| Q3 24 | $-104.6M | $45.7M | ||
| Q2 24 | $-171.8M | $35.2M | ||
| Q1 24 | $-207.3M | $39.4M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.68× | ||
| Q1 25 | — | 6.56× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.62× | ||
| Q2 24 | — | 3.22× | ||
| 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% |
VTS
| Oil Reserves | $54.5M | 93% |
| Natural Gas Reserves | $4.2M | 7% |
