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Side-by-side financial comparison of Humacyte, Inc. (HUMA) and Lakeshore Acquisition III Corp. (LCCC). Click either name above to swap in a different company.

Lakeshore Acquisition III Corp. is the larger business by last-quarter revenue ($717.3K vs $467.0K, roughly 1.5× Humacyte, Inc.).

Humacyte, Inc. is a clinical-stage biotechnology firm focused on developing and commercializing universally implantable off-the-shelf bioengineered human tissues and therapeutic products. Its core offerings target unmet needs in vascular care, trauma treatment and regenerative medicine, serving patients and healthcare partners worldwide.

HUMA vs LCCC — Head-to-Head

Bigger by revenue
LCCC
LCCC
1.5× larger
LCCC
$717.3K
$467.0K
HUMA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HUMA
HUMA
LCCC
LCCC
Revenue
$467.0K
$717.3K
Net Profit
$486.8K
Gross Margin
-1844.8%
Operating Margin
-6603.0%
-32.1%
Net Margin
67.9%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.19
$0.08

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
HUMA
HUMA
LCCC
LCCC
Q4 25
$467.0K
Q3 25
$753.0K
$717.3K
Q2 25
$301.0K
$467.3K
Q1 25
$517.0K
Q3 24
$0
Q2 24
$0
Q1 24
$0
Net Profit
HUMA
HUMA
LCCC
LCCC
Q4 25
Q3 25
$-17.5M
$486.8K
Q2 25
$-37.7M
$216.5K
Q1 25
$39.1M
Q3 24
$-39.2M
Q2 24
$-56.7M
Q1 24
$-31.9M
Gross Margin
HUMA
HUMA
LCCC
LCCC
Q4 25
-1844.8%
Q3 25
65.5%
Q2 25
29.2%
Q1 25
71.6%
Q3 24
Q2 24
Q1 24
Operating Margin
HUMA
HUMA
LCCC
LCCC
Q4 25
-6603.0%
Q3 25
-3239.0%
-32.1%
Q2 25
-9876.1%
-53.7%
Q1 25
-4484.3%
Q3 24
Q2 24
Q1 24
Net Margin
HUMA
HUMA
LCCC
LCCC
Q4 25
Q3 25
-2325.4%
67.9%
Q2 25
-12511.0%
46.3%
Q1 25
7570.4%
Q3 24
Q2 24
Q1 24
EPS (diluted)
HUMA
HUMA
LCCC
LCCC
Q4 25
$-0.19
Q3 25
$-0.11
$0.08
Q2 25
$-0.24
$0.06
Q1 25
$0.28
Q3 24
$-0.33
Q2 24
$-0.48
Q1 24
$-0.29

Balance Sheet & Financial Strength

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

Metric
HUMA
HUMA
LCCC
LCCC
Cash + ST InvestmentsLiquidity on hand
$50.5M
Total DebtLower is stronger
$35.4M
Stockholders' EquityBook value
$3.1M
$-1.6M
Total Assets
$116.4M
$71.0M
Debt / EquityLower = less leverage
11.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUMA
HUMA
LCCC
LCCC
Q4 25
$50.5M
Q3 25
$19.5M
Q2 25
$38.0M
Q1 25
$62.8M
Q3 24
$20.6M
Q2 24
$93.6M
Q1 24
$115.5M
Total Debt
HUMA
HUMA
LCCC
LCCC
Q4 25
$35.4M
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HUMA
HUMA
LCCC
LCCC
Q4 25
$3.1M
Q3 25
$-4.8M
$-1.6M
Q2 25
$4.1M
$-1.4M
Q1 25
$36.0M
Q3 24
$-63.7M
Q2 24
$-28.3M
Q1 24
$26.2M
Total Assets
HUMA
HUMA
LCCC
LCCC
Q4 25
$116.4M
Q3 25
$91.5M
$71.0M
Q2 25
$138.8M
$70.5M
Q1 25
$162.6M
Q3 24
$114.8M
Q2 24
$138.3M
Q1 24
$161.5M
Debt / Equity
HUMA
HUMA
LCCC
LCCC
Q4 25
11.40×
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
HUMA
HUMA
LCCC
LCCC
Operating Cash FlowLast quarter
$-26.1M
$-206.3K
Free Cash FlowOCF − Capex
$-26.2M
FCF MarginFCF / Revenue
-5602.4%
Capex IntensityCapex / Revenue
8.4%
Cash ConversionOCF / Net Profit
-0.42×
TTM Free Cash FlowTrailing 4 quarters
$-105.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HUMA
HUMA
LCCC
LCCC
Q4 25
$-26.1M
Q3 25
$-23.9M
$-206.3K
Q2 25
$-26.4M
$-218.3K
Q1 25
$-28.6M
Q3 24
$-22.9M
Q2 24
$-21.3M
Q1 24
$-27.3M
Free Cash Flow
HUMA
HUMA
LCCC
LCCC
Q4 25
$-26.2M
Q3 25
$-24.0M
Q2 25
$-27.0M
Q1 25
$-28.8M
Q3 24
$-23.8M
Q2 24
$-21.5M
Q1 24
$-27.7M
FCF Margin
HUMA
HUMA
LCCC
LCCC
Q4 25
-5602.4%
Q3 25
-3181.0%
Q2 25
-8963.8%
Q1 25
-5576.2%
Q3 24
Q2 24
Q1 24
Capex Intensity
HUMA
HUMA
LCCC
LCCC
Q4 25
8.4%
Q3 25
6.5%
Q2 25
188.7%
Q1 25
44.1%
Q3 24
Q2 24
Q1 24
Cash Conversion
HUMA
HUMA
LCCC
LCCC
Q4 25
Q3 25
-0.42×
Q2 25
-1.01×
Q1 25
-0.73×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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