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Side-by-side financial comparison of Hanover Bancorp, Inc. (HNVR) and REGENXBIO Inc. (RGNX). Click either name above to swap in a different company.

REGENXBIO Inc. is the larger business by last-quarter revenue ($30.3M vs $18.6M, roughly 1.6× Hanover Bancorp, Inc.). Hanover Bancorp, Inc. runs the higher net margin — 0.2% vs -221.3%, a 221.5% gap on every dollar of revenue. On growth, REGENXBIO Inc. posted the faster year-over-year revenue change (43.0% vs 3.3%). Hanover Bancorp, Inc. produced more free cash flow last quarter ($12.2M vs $-52.8M). Over the past eight quarters, REGENXBIO Inc.'s revenue compounded faster (39.4% CAGR vs 6.1%).

Hanover Bancorp, Inc. is a U.S. regional bank holding company based in Maryland. It offers retail and commercial banking services including deposits, business loans, mortgages, personal lending and wealth management, serving consumers, SMEs and local groups across Maryland and adjacent mid-Atlantic markets.

REGENXBIO Inc. is a clinical-stage biotechnology firm focused on gene therapy for rare severe genetic diseases. It licenses its proprietary AAV vector technology to global biopharma partners, and advances its own pipeline targeting ophthalmology, metabolic and neurodegenerative disorders.

HNVR vs RGNX — Head-to-Head

Bigger by revenue
RGNX
RGNX
1.6× larger
RGNX
$30.3M
$18.6M
HNVR
Growing faster (revenue YoY)
RGNX
RGNX
+39.7% gap
RGNX
43.0%
3.3%
HNVR
Higher net margin
HNVR
HNVR
221.5% more per $
HNVR
0.2%
-221.3%
RGNX
More free cash flow
HNVR
HNVR
$65.0M more FCF
HNVR
$12.2M
$-52.8M
RGNX
Faster 2-yr revenue CAGR
RGNX
RGNX
Annualised
RGNX
39.4%
6.1%
HNVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HNVR
HNVR
RGNX
RGNX
Revenue
$18.6M
$30.3M
Net Profit
$33.0K
$-67.1M
Gross Margin
Operating Margin
0.7%
-190.0%
Net Margin
0.2%
-221.3%
Revenue YoY
3.3%
43.0%
Net Profit YoY
-99.2%
-31.2%
EPS (diluted)
$0.00
$-1.30

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
HNVR
HNVR
RGNX
RGNX
Q4 25
$18.6M
$30.3M
Q3 25
$18.0M
$29.7M
Q2 25
$18.4M
$21.4M
Q1 25
$18.4M
$89.0M
Q4 24
$18.0M
$21.2M
Q3 24
$17.1M
$24.2M
Q2 24
$16.9M
$22.3M
Q1 24
$16.5M
$15.6M
Net Profit
HNVR
HNVR
RGNX
RGNX
Q4 25
$33.0K
$-67.1M
Q3 25
$3.5M
$-61.9M
Q2 25
$2.4M
$-70.9M
Q1 25
$1.5M
$6.1M
Q4 24
$3.9M
$-51.2M
Q3 24
$3.5M
$-59.6M
Q2 24
$844.0K
$-53.0M
Q1 24
$4.1M
$-63.3M
Gross Margin
HNVR
HNVR
RGNX
RGNX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
70.2%
Q3 24
48.8%
Q2 24
52.5%
Q1 24
72.6%
Operating Margin
HNVR
HNVR
RGNX
RGNX
Q4 25
0.7%
-190.0%
Q3 25
25.9%
-176.3%
Q2 25
18.4%
-296.3%
Q1 25
9.6%
13.6%
Q4 24
28.9%
-242.1%
Q3 24
27.1%
-256.6%
Q2 24
6.9%
-251.3%
Q1 24
32.7%
-408.8%
Net Margin
HNVR
HNVR
RGNX
RGNX
Q4 25
0.2%
-221.3%
Q3 25
19.4%
-208.3%
Q2 25
13.3%
-331.8%
Q1 25
8.3%
6.8%
Q4 24
21.7%
-241.3%
Q3 24
20.7%
-246.3%
Q2 24
5.0%
-237.7%
Q1 24
24.6%
-405.4%
EPS (diluted)
HNVR
HNVR
RGNX
RGNX
Q4 25
$0.00
$-1.30
Q3 25
$0.47
$-1.20
Q2 25
$0.33
$-1.38
Q1 25
$0.20
$0.12
Q4 24
$0.52
$-0.99
Q3 24
$0.48
$-1.17
Q2 24
$0.11
$-1.05
Q1 24
$0.55
$-1.38

Balance Sheet & Financial Strength

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

Metric
HNVR
HNVR
RGNX
RGNX
Cash + ST InvestmentsLiquidity on hand
$208.9M
$230.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$200.3M
$102.7M
Total Assets
$2.4B
$453.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNVR
HNVR
RGNX
RGNX
Q4 25
$208.9M
$230.1M
Q3 25
$167.6M
$274.2M
Q2 25
$164.5M
$323.3M
Q1 25
$160.2M
$267.9M
Q4 24
$162.9M
$234.7M
Q3 24
$141.2M
$255.5M
Q2 24
$141.1M
$290.4M
Q1 24
$136.5M
$338.7M
Stockholders' Equity
HNVR
HNVR
RGNX
RGNX
Q4 25
$200.3M
$102.7M
Q3 25
$201.8M
$161.5M
Q2 25
$198.9M
$213.7M
Q1 25
$196.6M
$274.2M
Q4 24
$196.6M
$259.7M
Q3 24
$192.3M
$301.4M
Q2 24
$190.1M
$348.3M
Q1 24
$189.5M
$390.7M
Total Assets
HNVR
HNVR
RGNX
RGNX
Q4 25
$2.4B
$453.0M
Q3 25
$2.3B
$525.2M
Q2 25
$2.3B
$581.0M
Q1 25
$2.3B
$490.9M
Q4 24
$2.3B
$466.0M
Q3 24
$2.3B
$519.1M
Q2 24
$2.3B
$569.4M
Q1 24
$2.3B
$629.2M

Cash Flow & Capital Efficiency

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

Metric
HNVR
HNVR
RGNX
RGNX
Operating Cash FlowLast quarter
$13.1M
$-52.3M
Free Cash FlowOCF − Capex
$12.2M
$-52.8M
FCF MarginFCF / Revenue
65.5%
-174.0%
Capex IntensityCapex / Revenue
4.7%
1.7%
Cash ConversionOCF / Net Profit
395.48×
TTM Free Cash FlowTrailing 4 quarters
$16.3M
$-126.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNVR
HNVR
RGNX
RGNX
Q4 25
$13.1M
$-52.3M
Q3 25
$2.7M
$-56.0M
Q2 25
$-2.1M
$-49.3M
Q1 25
$4.1M
$33.6M
Q4 24
$5.4M
$-31.6M
Q3 24
$-547.0K
$-40.5M
Q2 24
$-3.1M
$-45.5M
Q1 24
$3.6M
$-55.5M
Free Cash Flow
HNVR
HNVR
RGNX
RGNX
Q4 25
$12.2M
$-52.8M
Q3 25
$2.4M
$-56.5M
Q2 25
$-2.2M
$-49.7M
Q1 25
$3.9M
$32.6M
Q4 24
$4.1M
$-32.7M
Q3 24
$-876.0K
$-40.9M
Q2 24
$-4.5M
$-46.0M
Q1 24
$3.3M
$-56.0M
FCF Margin
HNVR
HNVR
RGNX
RGNX
Q4 25
65.5%
-174.0%
Q3 25
13.5%
-189.9%
Q2 25
-11.7%
-232.8%
Q1 25
21.2%
36.6%
Q4 24
23.1%
-154.2%
Q3 24
-5.1%
-168.9%
Q2 24
-26.9%
-206.2%
Q1 24
19.9%
-358.5%
Capex Intensity
HNVR
HNVR
RGNX
RGNX
Q4 25
4.7%
1.7%
Q3 25
1.8%
1.7%
Q2 25
0.5%
1.8%
Q1 25
1.2%
1.2%
Q4 24
7.2%
5.1%
Q3 24
1.9%
1.3%
Q2 24
8.6%
2.1%
Q1 24
1.9%
3.6%
Cash Conversion
HNVR
HNVR
RGNX
RGNX
Q4 25
395.48×
Q3 25
0.79×
Q2 25
-0.84×
Q1 25
2.70×
5.53×
Q4 24
1.39×
Q3 24
-0.15×
Q2 24
-3.68×
Q1 24
0.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HNVR
HNVR

Segment breakdown not available.

RGNX
RGNX

Novartis Gene Therapies$24.2M80%
Nippon Shinyaku Collaboration And License Agreement$4.3M14%
Nippon Shinyaku Services$1.4M5%

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