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Side-by-side financial comparison of GRI Bio, Inc. (GRI) and IMPACT BIOMEDICAL INC. (IBO). Click either name above to swap in a different company.

IMPACT BIOMEDICAL INC. is the larger business by last-quarter revenue ($18.0K vs $16.0K, roughly 1.1× GRI Bio, Inc.). IMPACT BIOMEDICAL INC. runs the higher net margin — -8166.7% vs -13437.5%, a 5270.8% gap on every dollar of revenue.

GRI Bio, Inc. is a clinical-stage biopharmaceutical firm developing innovative targeted therapies for autoimmune, inflammatory, and fibrotic diseases. Its product candidates address unmet medical needs, serving global healthcare markets to deliver improved outcomes for patients with underserved disease indications.

The National Institute of Biomedical Imaging and Bioengineering (NIBIB), founded at the National Institutes of Health (NIH) in 2000, is located in Bethesda, Maryland. It is one of 27 institutes and centers that are part of NIH, an agency of the U.S. Department of Health and Human Services (HHS).

GRI vs IBO — Head-to-Head

Bigger by revenue
IBO
IBO
1.1× larger
IBO
$18.0K
$16.0K
GRI
Higher net margin
IBO
IBO
5270.8% more per $
IBO
-8166.7%
-13437.5%
GRI

Income Statement — Q1 FY2023 vs Q3 FY2025

Metric
GRI
GRI
IBO
IBO
Revenue
$16.0K
$18.0K
Net Profit
$-2.1M
$-1.5M
Gross Margin
94.4%
Operating Margin
-6175.0%
-5266.7%
Net Margin
-13437.5%
-8166.7%
Revenue YoY
Net Profit YoY
-611.9%
-134.6%
EPS (diluted)
$-15.04
$-0.12

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
GRI
GRI
IBO
IBO
Q3 25
$18.0K
Q2 25
$7.0K
Q1 23
$16.0K
Q3 22
$2.0K
Q2 22
$-1.0K
Q1 22
$0
Net Profit
GRI
GRI
IBO
IBO
Q3 25
$-1.5M
Q2 25
$-14.3M
Q1 23
$-2.1M
Q3 22
$-351.0K
Q2 22
$-295.0K
Q1 22
$-302.0K
Gross Margin
GRI
GRI
IBO
IBO
Q3 25
94.4%
Q2 25
-57.1%
Q1 23
Q3 22
Q2 22
Q1 22
Operating Margin
GRI
GRI
IBO
IBO
Q3 25
-5266.7%
Q2 25
-16471.4%
Q1 23
-6175.0%
Q3 22
-9300.0%
Q2 22
18900.0%
Q1 22
Net Margin
GRI
GRI
IBO
IBO
Q3 25
-8166.7%
Q2 25
-204942.9%
Q1 23
-13437.5%
Q3 22
-17550.0%
Q2 22
29500.0%
Q1 22
EPS (diluted)
GRI
GRI
IBO
IBO
Q3 25
$-0.12
Q2 25
$-1.18
Q1 23
$-15.04
Q3 22
$-0.39
Q2 22
$-0.35
Q1 22
$-11.62

Balance Sheet & Financial Strength

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

Metric
GRI
GRI
IBO
IBO
Cash + ST InvestmentsLiquidity on hand
$1.7M
$12.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$-3.2M
$-11.8M
Total Assets
$2.1M
$18.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRI
GRI
IBO
IBO
Q3 25
$12.0K
Q2 25
$624.0K
Q1 23
$1.7M
Q3 22
$4.7M
Q2 22
$5.2M
Q1 22
$2.5M
Stockholders' Equity
GRI
GRI
IBO
IBO
Q3 25
$-11.8M
Q2 25
$-10.3M
Q1 23
$-3.2M
Q3 22
$-5.7M
Q2 22
$-5.4M
Q1 22
$-5.2M
Total Assets
GRI
GRI
IBO
IBO
Q3 25
$18.2M
Q2 25
$19.1M
Q1 23
$2.1M
Q3 22
$5.6M
Q2 22
$8.0M
Q1 22
$5.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GRI
GRI
IBO
IBO
Operating Cash FlowLast quarter
$-579.0K
$-613.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRI
GRI
IBO
IBO
Q3 25
$-613.0K
Q2 25
$-694.0K
Q1 23
$-579.0K
Q3 22
$-125.0K
Q2 22
$2.2M
Q1 22
$-2.3M
Capex Intensity
GRI
GRI
IBO
IBO
Q3 25
Q2 25
Q1 23
Q3 22
0.0%
Q2 22
Q1 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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