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Side-by-side financial comparison of GYRE THERAPEUTICS, INC. (GYRE) and OR Royalties Inc. (OR). Click either name above to swap in a different company.

OR Royalties Inc. is the larger business by last-quarter revenue ($46.7M vs $37.2M, roughly 1.3× GYRE THERAPEUTICS, INC.).

GYRE Therapeutics, Inc. is a clinical-stage biopharmaceutical company dedicated to developing novel targeted therapies for hard-to-treat hematologic malignancies and solid tumors. It focuses on precision oncology to address unmet patient needs, with operations primarily based in North America.

OR Royalties Inc. is a Canadian company that holds royalties in gold, silver and diamond mines, principally in the form of net smelter returns and streams.Like its predecessor company, Osisko Mining, it is headquartered in Montreal, Quebec, with shares listed on the Toronto Stock Exchange and the New York Stock Exchange.

GYRE vs OR — Head-to-Head

Bigger by revenue
OR
OR
1.3× larger
OR
$46.7M
$37.2M
GYRE

Income Statement — Q4 FY2025 vs Q2 FY2022

Metric
GYRE
GYRE
OR
OR
Revenue
$37.2M
$46.7M
Net Profit
$-1.4M
Gross Margin
95.3%
Operating Margin
0.3%
Net Margin
-3.7%
Revenue YoY
33.4%
Net Profit YoY
-340.1%
EPS (diluted)
$-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.

Revenue
GYRE
GYRE
OR
OR
Q4 25
$37.2M
Q3 25
$30.6M
Q2 25
$26.8M
Q1 25
$22.1M
Q4 24
$27.9M
Q3 24
$25.5M
Q2 24
$25.2M
Q1 24
$27.2M
Net Profit
GYRE
GYRE
OR
OR
Q4 25
$-1.4M
Q3 25
$5.9M
Q2 25
$1.6M
Q1 25
$3.7M
Q4 24
$569.0K
Q3 24
$2.9M
Q2 24
$4.5M
Q1 24
$9.9M
Gross Margin
GYRE
GYRE
OR
OR
Q4 25
95.3%
Q3 25
94.7%
Q2 25
95.7%
Q1 25
95.9%
Q4 24
95.8%
Q3 24
96.2%
Q2 24
96.9%
Q1 24
96.4%
Operating Margin
GYRE
GYRE
OR
OR
Q4 25
0.3%
Q3 25
22.7%
Q2 25
8.1%
Q1 25
10.3%
Q4 24
2.4%
Q3 24
16.6%
Q2 24
12.7%
Q1 24
29.7%
Net Margin
GYRE
GYRE
OR
OR
Q4 25
-3.7%
Q3 25
19.4%
Q2 25
5.9%
Q1 25
16.9%
Q4 24
2.0%
Q3 24
11.2%
Q2 24
18.0%
Q1 24
36.6%
EPS (diluted)
GYRE
GYRE
OR
OR
Q4 25
$-0.01
Q3 25
$0.03
Q2 25
$0.00
Q1 25
$0.00
Q4 24
$0.00
Q3 24
$0.01
Q2 24
$0.01
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
GYRE
GYRE
OR
OR
Cash + ST InvestmentsLiquidity on hand
$52.4M
Total DebtLower is stronger
$222.8M
Stockholders' EquityBook value
$106.0M
$1.3B
Total Assets
$166.1M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GYRE
GYRE
OR
OR
Q4 25
$52.4M
Q3 25
$60.0M
Q2 25
$54.4M
Q1 25
$29.9M
Q4 24
$26.7M
Q3 24
$25.1M
Q2 24
$25.1M
Q1 24
$37.4M
Stockholders' Equity
GYRE
GYRE
OR
OR
Q4 25
$106.0M
Q3 25
$101.9M
Q2 25
$92.0M
Q1 25
$68.1M
Q4 24
$63.3M
Q3 24
$63.2M
Q2 24
$60.4M
Q1 24
$56.6M
Total Assets
GYRE
GYRE
OR
OR
Q4 25
$166.1M
Q3 25
$159.4M
Q2 25
$152.6M
Q1 25
$129.8M
Q4 24
$125.4M
Q3 24
$125.2M
Q2 24
$120.9M
Q1 24
$122.0M

Cash Flow & Capital Efficiency

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

Metric
GYRE
GYRE
OR
OR
Operating Cash FlowLast quarter
$-5.6M
Free Cash FlowOCF − Capex
$-5.8M
FCF MarginFCF / Revenue
-15.5%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-180.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GYRE
GYRE
OR
OR
Q4 25
$-5.6M
Q3 25
$4.7M
Q2 25
$2.1M
Q1 25
$-129.0K
Q4 24
$-2.8M
Q3 24
$1.7M
Q2 24
$-5.5M
Q1 24
$2.9M
Free Cash Flow
GYRE
GYRE
OR
OR
Q4 25
$-5.8M
Q3 25
$4.0M
Q2 25
$1.8M
Q1 25
$-251.0K
Q4 24
$-2.8M
Q3 24
$1.0M
Q2 24
$-6.9M
Q1 24
$2.7M
FCF Margin
GYRE
GYRE
OR
OR
Q4 25
-15.5%
Q3 25
13.1%
Q2 25
6.8%
Q1 25
-1.1%
Q4 24
-10.1%
Q3 24
4.1%
Q2 24
-27.5%
Q1 24
9.8%
Capex Intensity
GYRE
GYRE
OR
OR
Q4 25
0.4%
Q3 25
2.2%
Q2 25
1.0%
Q1 25
0.6%
Q4 24
0.2%
Q3 24
2.7%
Q2 24
5.8%
Q1 24
0.9%
Cash Conversion
GYRE
GYRE
OR
OR
Q4 25
Q3 25
0.79×
Q2 25
1.32×
Q1 25
-0.03×
Q4 24
-4.85×
Q3 24
0.60×
Q2 24
-1.21×
Q1 24
0.29×

Financial Flow Comparison

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

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