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Side-by-side financial comparison of Honest Company, Inc. (HNST) and Viridian Therapeutics, Inc.\DE (VRDN). Click either name above to swap in a different company.

Honest Company, Inc. is the larger business by last-quarter revenue ($88.0M vs $70.6M, roughly 1.2× Viridian Therapeutics, Inc.\DE). Honest Company, Inc. runs the higher net margin — -26.8% vs -49.0%, a 22.3% gap on every dollar of revenue. On growth, Viridian Therapeutics, Inc.\DE posted the faster year-over-year revenue change (81958.1% vs -11.8%). Honest Company, Inc. produced more free cash flow last quarter ($18.1M vs $-84.7M).

The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offeri...

Viridian Therapeutics is a clinical-stage biotechnology firm developing novel disease-modifying therapies for rare, serious autoimmune and inflammatory diseases. Its lead pipeline candidate targets thyroid eye disease, a debilitating orbital disorder, with primary market focus on North America and Europe.

HNST vs VRDN — Head-to-Head

Bigger by revenue
HNST
HNST
1.2× larger
HNST
$88.0M
$70.6M
VRDN
Growing faster (revenue YoY)
VRDN
VRDN
+81970.0% gap
VRDN
81958.1%
-11.8%
HNST
Higher net margin
HNST
HNST
22.3% more per $
HNST
-26.8%
-49.0%
VRDN
More free cash flow
HNST
HNST
$102.8M more FCF
HNST
$18.1M
$-84.7M
VRDN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HNST
HNST
VRDN
VRDN
Revenue
$88.0M
$70.6M
Net Profit
$-23.6M
$-34.6M
Gross Margin
15.7%
Operating Margin
-27.5%
-56.7%
Net Margin
-26.8%
-49.0%
Revenue YoY
-11.8%
81958.1%
Net Profit YoY
-2813.2%
54.9%
EPS (diluted)
$-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.

Revenue
HNST
HNST
VRDN
VRDN
Q4 25
$88.0M
Q3 25
$92.6M
$70.6M
Q2 25
$93.5M
Q1 25
$97.3M
Q4 24
$99.8M
Q3 24
$99.2M
Q2 24
$93.0M
Q1 24
$86.2M
Net Profit
HNST
HNST
VRDN
VRDN
Q4 25
$-23.6M
Q3 25
$758.0K
$-34.6M
Q2 25
$3.9M
Q1 25
$3.3M
Q4 24
$-809.0K
Q3 24
$165.0K
Q2 24
$-4.1M
Q1 24
$-1.4M
Gross Margin
HNST
HNST
VRDN
VRDN
Q4 25
15.7%
Q3 25
37.3%
Q2 25
40.4%
Q1 25
38.7%
Q4 24
38.8%
Q3 24
38.7%
Q2 24
38.3%
Q1 24
37.0%
Operating Margin
HNST
HNST
VRDN
VRDN
Q4 25
-27.5%
Q3 25
0.3%
-56.7%
Q2 25
3.1%
Q1 25
2.6%
Q4 24
-1.0%
Q3 24
0.1%
Q2 24
-4.3%
Q1 24
-1.5%
Net Margin
HNST
HNST
VRDN
VRDN
Q4 25
-26.8%
Q3 25
0.8%
-49.0%
Q2 25
4.1%
Q1 25
3.3%
Q4 24
-0.8%
Q3 24
0.2%
Q2 24
-4.4%
Q1 24
-1.6%
EPS (diluted)
HNST
HNST
VRDN
VRDN
Q4 25
$-0.21
Q3 25
$0.01
Q2 25
$0.03
Q1 25
$0.03
Q4 24
$-0.01
Q3 24
$0.00
Q2 24
$-0.04
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
HNST
HNST
VRDN
VRDN
Cash + ST InvestmentsLiquidity on hand
$89.6M
$490.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$169.7M
$503.0M
Total Assets
$225.4M
$577.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNST
HNST
VRDN
VRDN
Q4 25
$89.6M
Q3 25
$71.5M
$490.9M
Q2 25
$72.1M
Q1 25
$72.8M
Q4 24
$75.4M
Q3 24
$53.4M
Q2 24
$36.6M
Q1 24
$33.6M
Stockholders' Equity
HNST
HNST
VRDN
VRDN
Q4 25
$169.7M
Q3 25
$190.2M
$503.0M
Q2 25
$187.0M
Q1 25
$180.4M
Q4 24
$174.3M
Q3 24
$133.9M
Q2 24
$129.7M
Q1 24
$124.8M
Total Assets
HNST
HNST
VRDN
VRDN
Q4 25
$225.4M
Q3 25
$241.5M
$577.1M
Q2 25
$249.0M
Q1 25
$265.3M
Q4 24
$247.4M
Q3 24
$209.2M
Q2 24
$200.2M
Q1 24
$198.1M

Cash Flow & Capital Efficiency

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

Metric
HNST
HNST
VRDN
VRDN
Operating Cash FlowLast quarter
$19.3M
$-84.6M
Free Cash FlowOCF − Capex
$18.1M
$-84.7M
FCF MarginFCF / Revenue
20.5%
-120.1%
Capex IntensityCapex / Revenue
1.4%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNST
HNST
VRDN
VRDN
Q4 25
$19.3M
Q3 25
$-504.0K
$-84.6M
Q2 25
$-745.0K
Q1 25
$-2.9M
Q4 24
$-16.8M
Q3 24
$15.1M
Q2 24
$2.9M
Q1 24
$336.0K
Free Cash Flow
HNST
HNST
VRDN
VRDN
Q4 25
$18.1M
Q3 25
$-624.0K
$-84.7M
Q2 25
$-826.0K
Q1 25
$-3.0M
Q4 24
$-17.2M
Q3 24
$15.0M
Q2 24
$2.9M
Q1 24
$260.0K
FCF Margin
HNST
HNST
VRDN
VRDN
Q4 25
20.5%
Q3 25
-0.7%
-120.1%
Q2 25
-0.9%
Q1 25
-3.1%
Q4 24
-17.2%
Q3 24
15.1%
Q2 24
3.1%
Q1 24
0.3%
Capex Intensity
HNST
HNST
VRDN
VRDN
Q4 25
1.4%
Q3 25
0.1%
0.2%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.3%
Q3 24
0.1%
Q2 24
0.0%
Q1 24
0.1%
Cash Conversion
HNST
HNST
VRDN
VRDN
Q4 25
Q3 25
-0.66×
Q2 25
-0.19×
Q1 25
-0.90×
Q4 24
Q3 24
91.42×
Q2 24
Q1 24

Financial Flow Comparison

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

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