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Side-by-side financial comparison of HALOZYME THERAPEUTICS, INC. (HALO) and VERRA MOBILITY Corp (VRRM). Click either name above to swap in a different company.

HALOZYME THERAPEUTICS, INC. is the larger business by last-quarter revenue ($451.8M vs $257.9M, roughly 1.8× VERRA MOBILITY Corp). VERRA MOBILITY Corp runs the higher net margin — 7.3% vs -31.3%, a 38.7% gap on every dollar of revenue. On growth, HALOZYME THERAPEUTICS, INC. posted the faster year-over-year revenue change (51.6% vs 16.4%). HALOZYME THERAPEUTICS, INC. produced more free cash flow last quarter ($217.6M vs $5.7M). Over the past eight quarters, HALOZYME THERAPEUTICS, INC.'s revenue compounded faster (51.9% CAGR vs 10.9%).

Halozyme Therapeutics, Inc. is an American biotechnology company. It develops oncology therapies designed to target the tumor microenvironment.

Verra Mobility Corp is a leading global smart mobility technology solution provider. It delivers toll management, parking and traffic compliance enforcement, connected vehicle services, and fleet management tools, serving government transport agencies, rental car operators, commercial fleet owners, and automotive partners across North America, Europe, and Asia-Pacific.

HALO vs VRRM — Head-to-Head

Bigger by revenue
HALO
HALO
1.8× larger
HALO
$451.8M
$257.9M
VRRM
Growing faster (revenue YoY)
HALO
HALO
+35.2% gap
HALO
51.6%
16.4%
VRRM
Higher net margin
VRRM
VRRM
38.7% more per $
VRRM
7.3%
-31.3%
HALO
More free cash flow
HALO
HALO
$211.9M more FCF
HALO
$217.6M
$5.7M
VRRM
Faster 2-yr revenue CAGR
HALO
HALO
Annualised
HALO
51.9%
10.9%
VRRM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HALO
HALO
VRRM
VRRM
Revenue
$451.8M
$257.9M
Net Profit
$-141.6M
$18.9M
Gross Margin
82.6%
Operating Margin
-20.6%
16.7%
Net Margin
-31.3%
7.3%
Revenue YoY
51.6%
16.4%
Net Profit YoY
-203.3%
128.3%
EPS (diluted)
$-1.13
$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
HALO
HALO
VRRM
VRRM
Q4 25
$451.8M
$257.9M
Q3 25
$354.3M
$261.9M
Q2 25
$325.7M
$236.0M
Q1 25
$264.9M
$223.3M
Q4 24
$298.0M
$221.5M
Q3 24
$290.1M
$225.6M
Q2 24
$231.4M
$222.4M
Q1 24
$195.9M
$209.7M
Net Profit
HALO
HALO
VRRM
VRRM
Q4 25
$-141.6M
$18.9M
Q3 25
$175.2M
$46.8M
Q2 25
$165.2M
$38.6M
Q1 25
$118.1M
$32.3M
Q4 24
$137.0M
$-66.7M
Q3 24
$137.0M
$34.7M
Q2 24
$93.2M
$34.2M
Q1 24
$76.8M
$29.1M
Gross Margin
HALO
HALO
VRRM
VRRM
Q4 25
82.6%
Q3 25
84.4%
Q2 25
85.8%
Q1 25
81.7%
Q4 24
85.9%
Q3 24
83.0%
Q2 24
82.9%
Q1 24
85.5%
Operating Margin
HALO
HALO
VRRM
VRRM
Q4 25
-20.6%
16.7%
Q3 25
61.5%
28.6%
Q2 25
62.2%
26.8%
Q1 25
53.4%
25.7%
Q4 24
58.9%
-19.6%
Q3 24
56.3%
28.3%
Q2 24
50.7%
27.5%
Q1 24
48.8%
25.9%
Net Margin
HALO
HALO
VRRM
VRRM
Q4 25
-31.3%
7.3%
Q3 25
49.5%
17.9%
Q2 25
50.7%
16.3%
Q1 25
44.6%
14.5%
Q4 24
46.0%
-30.1%
Q3 24
47.2%
15.4%
Q2 24
40.3%
15.4%
Q1 24
39.2%
13.9%
EPS (diluted)
HALO
HALO
VRRM
VRRM
Q4 25
$-1.13
$0.12
Q3 25
$1.43
$0.29
Q2 25
$1.33
$0.24
Q1 25
$0.93
$0.20
Q4 24
$1.06
$-0.39
Q3 24
$1.05
$0.21
Q2 24
$0.72
$0.20
Q1 24
$0.60
$0.17

Balance Sheet & Financial Strength

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

Metric
HALO
HALO
VRRM
VRRM
Cash + ST InvestmentsLiquidity on hand
$133.8M
$65.3M
Total DebtLower is stronger
$2.1B
$1.0B
Stockholders' EquityBook value
$48.8M
$293.0M
Total Assets
$2.5B
$1.6B
Debt / EquityLower = less leverage
43.89×
3.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HALO
HALO
VRRM
VRRM
Q4 25
$133.8M
$65.3M
Q3 25
$419.7M
$196.1M
Q2 25
$61.9M
$147.7M
Q1 25
$176.3M
$108.5M
Q4 24
$115.8M
$77.6M
Q3 24
$154.3M
$206.1M
Q2 24
$187.9M
$122.0M
Q1 24
$164.6M
$149.5M
Total Debt
HALO
HALO
VRRM
VRRM
Q4 25
$2.1B
$1.0B
Q3 25
$1.5B
$1.0B
Q2 25
$1.5B
$1.0B
Q1 25
$1.5B
$1.0B
Q4 24
$1.5B
$1.0B
Q3 24
$1.5B
$1.0B
Q2 24
$1.5B
$1.0B
Q1 24
$1.5B
$1.0B
Stockholders' Equity
HALO
HALO
VRRM
VRRM
Q4 25
$48.8M
$293.0M
Q3 25
$503.9M
$403.1M
Q2 25
$332.7M
$352.1M
Q1 25
$482.3M
$299.6M
Q4 24
$363.8M
$265.1M
Q3 24
$452.7M
$486.5M
Q2 24
$289.4M
$438.6M
Q1 24
$177.8M
$449.0M
Total Assets
HALO
HALO
VRRM
VRRM
Q4 25
$2.5B
$1.6B
Q3 25
$2.2B
$1.8B
Q2 25
$2.1B
$1.7B
Q1 25
$2.2B
$1.6B
Q4 24
$2.1B
$1.6B
Q3 24
$2.1B
$1.9B
Q2 24
$2.0B
$1.8B
Q1 24
$1.8B
$1.8B
Debt / Equity
HALO
HALO
VRRM
VRRM
Q4 25
43.89×
3.51×
Q3 25
3.00×
2.55×
Q2 25
4.54×
2.93×
Q1 25
3.13×
3.45×
Q4 24
4.14×
3.90×
Q3 24
3.32×
2.13×
Q2 24
5.19×
2.36×
Q1 24
8.44×
2.31×

Cash Flow & Capital Efficiency

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

Metric
HALO
HALO
VRRM
VRRM
Operating Cash FlowLast quarter
$219.0M
$40.0M
Free Cash FlowOCF − Capex
$217.6M
$5.7M
FCF MarginFCF / Revenue
48.2%
2.2%
Capex IntensityCapex / Revenue
0.3%
13.3%
Cash ConversionOCF / Net Profit
2.12×
TTM Free Cash FlowTrailing 4 quarters
$644.6M
$136.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HALO
HALO
VRRM
VRRM
Q4 25
$219.0M
$40.0M
Q3 25
$178.6M
$77.7M
Q2 25
$99.7M
$75.1M
Q1 25
$154.2M
$63.0M
Q4 24
$178.5M
$40.5M
Q3 24
$115.4M
$108.8M
Q2 24
$55.8M
$40.0M
Q1 24
$129.4M
$34.3M
Free Cash Flow
HALO
HALO
VRRM
VRRM
Q4 25
$217.6M
$5.7M
Q3 25
$175.6M
$49.0M
Q2 25
$98.1M
$40.3M
Q1 25
$153.3M
$41.7M
Q4 24
$175.4M
$21.6M
Q3 24
$113.9M
$85.1M
Q2 24
$53.2M
$26.0M
Q1 24
$125.9M
$20.1M
FCF Margin
HALO
HALO
VRRM
VRRM
Q4 25
48.2%
2.2%
Q3 25
49.6%
18.7%
Q2 25
30.1%
17.1%
Q1 25
57.9%
18.7%
Q4 24
58.9%
9.8%
Q3 24
39.3%
37.7%
Q2 24
23.0%
11.7%
Q1 24
64.3%
9.6%
Capex Intensity
HALO
HALO
VRRM
VRRM
Q4 25
0.3%
13.3%
Q3 25
0.9%
11.0%
Q2 25
0.5%
14.8%
Q1 25
0.4%
9.5%
Q4 24
1.0%
8.5%
Q3 24
0.5%
10.5%
Q2 24
1.1%
6.3%
Q1 24
1.8%
6.8%
Cash Conversion
HALO
HALO
VRRM
VRRM
Q4 25
2.12×
Q3 25
1.02×
1.66×
Q2 25
0.60×
1.95×
Q1 25
1.31×
1.95×
Q4 24
1.30×
Q3 24
0.84×
3.13×
Q2 24
0.60×
1.17×
Q1 24
1.68×
1.18×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HALO
HALO

Royalty$258.0M57%
Products$122.7M27%
Proprietary Products Sales$59.6M13%
Device Partnered Products$12.9M3%

VRRM
VRRM

Services$239.5M93%
CA$8.4M3%
GB$5.7M2%
Other Customer$1.6M1%
Parking Solutions$1.1M0%

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