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Side-by-side financial comparison of IDEAYA Biosciences, Inc. (IDYA) and Protagonist Therapeutics, Inc (PTGX). Click either name above to swap in a different company.

IDEAYA Biosciences, Inc. is the larger business by last-quarter revenue ($207.8M vs $170.6M, roughly 1.2× Protagonist Therapeutics, Inc). Protagonist Therapeutics, Inc runs the higher net margin — 77.2% vs 57.4%, a 19.8% gap on every dollar of revenue. Protagonist Therapeutics, Inc produced more free cash flow last quarter ($182.8M vs $142.2M).

IDEAYA Biosciences, Inc. is a clinical-stage biotechnology company focused on oncology, developing targeted therapies and synthetic lethality treatments for patients with genetically defined cancers. It advances a pipeline of candidates across multiple tumor types, partnering with industry stakeholders to accelerate global access to innovative cancer care solutions.

Protagonist Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on discovering and developing novel peptide-based targeted therapies for unmet medical needs, primarily covering gastrointestinal disorders, inflammatory diseases and rare disease indications. Its lead product candidates target inflammatory bowel disease and other chronic immune-related conditions, with operations spanning global R&D and partnership collaborations.

IDYA vs PTGX — Head-to-Head

Bigger by revenue
IDYA
IDYA
1.2× larger
IDYA
$207.8M
$170.6M
PTGX
Higher net margin
PTGX
PTGX
19.8% more per $
PTGX
77.2%
57.4%
IDYA
More free cash flow
PTGX
PTGX
$40.6M more FCF
PTGX
$182.8M
$142.2M
IDYA

Income Statement — Q3 FY2025 vs Q4 FY2024

Metric
IDYA
IDYA
PTGX
PTGX
Revenue
$207.8M
$170.6M
Net Profit
$119.2M
$131.7M
Gross Margin
Operating Margin
52.2%
74.3%
Net Margin
57.4%
77.2%
Revenue YoY
184.4%
Net Profit YoY
330.1%
381.7%
EPS (diluted)
$1.33
$2.01

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
IDYA
IDYA
PTGX
PTGX
Q3 25
$207.8M
Q4 24
$170.6M
Q3 24
$0
Q2 24
$0
Q1 24
$0
$255.0M
Q3 23
$0
Q2 23
$0
Q1 23
$0
Net Profit
IDYA
IDYA
PTGX
PTGX
Q3 25
$119.2M
Q4 24
$131.7M
Q3 24
$-51.8M
Q2 24
$-52.8M
Q1 24
$-39.6M
$207.3M
Q3 23
$-34.1M
Q2 23
$-38.5M
Q1 23
$-33.7M
Operating Margin
IDYA
IDYA
PTGX
PTGX
Q3 25
52.2%
Q4 24
74.3%
Q3 24
Q2 24
Q1 24
80.9%
Q3 23
Q2 23
Q1 23
Net Margin
IDYA
IDYA
PTGX
PTGX
Q3 25
57.4%
Q4 24
77.2%
Q3 24
Q2 24
Q1 24
81.3%
Q3 23
Q2 23
Q1 23
EPS (diluted)
IDYA
IDYA
PTGX
PTGX
Q3 25
$1.33
Q4 24
$2.01
Q3 24
$-0.60
Q2 24
$-0.68
Q1 24
$-0.53
$3.26
Q3 23
$-0.58
Q2 23
$-0.68
Q1 23
$-0.67

Balance Sheet & Financial Strength

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

Metric
IDYA
IDYA
PTGX
PTGX
Cash + ST InvestmentsLiquidity on hand
$786.9M
$418.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$675.3M
Total Assets
$1.2B
$744.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDYA
IDYA
PTGX
PTGX
Q3 25
$786.9M
Q4 24
$418.9M
Q3 24
$920.0M
Q2 24
$701.7M
Q1 24
$698.8M
$322.6M
Q3 23
$320.8M
Q2 23
$313.4M
Q1 23
$230.8M
Stockholders' Equity
IDYA
IDYA
PTGX
PTGX
Q3 25
$1.1B
Q4 24
$675.3M
Q3 24
$1.2B
Q2 24
$931.7M
Q1 24
$935.3M
$560.4M
Q3 23
$302.1M
Q2 23
$294.1M
Q1 23
$216.2M
Total Assets
IDYA
IDYA
PTGX
PTGX
Q3 25
$1.2B
Q4 24
$744.7M
Q3 24
$1.2B
Q2 24
$973.7M
Q1 24
$961.5M
$629.3M
Q3 23
$330.0M
Q2 23
$320.5M
Q1 23
$239.9M

Cash Flow & Capital Efficiency

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

Metric
IDYA
IDYA
PTGX
PTGX
Operating Cash FlowLast quarter
$142.2M
$184.2M
Free Cash FlowOCF − Capex
$142.2M
$182.8M
FCF MarginFCF / Revenue
68.4%
107.1%
Capex IntensityCapex / Revenue
0.0%
0.8%
Cash ConversionOCF / Net Profit
1.19×
1.40×
TTM Free Cash FlowTrailing 4 quarters
$13.5M
$101.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDYA
IDYA
PTGX
PTGX
Q3 25
$142.2M
Q4 24
$184.2M
Q3 24
$-49.2M
Q2 24
$-32.9M
Q1 24
$-43.8M
$-27.4M
Q3 23
$-26.6M
Q2 23
$-26.2M
Q1 23
$-34.3M
Free Cash Flow
IDYA
IDYA
PTGX
PTGX
Q3 25
$142.2M
Q4 24
$182.8M
Q3 24
$-49.7M
Q2 24
$-33.9M
Q1 24
$-45.1M
$-27.7M
Q3 23
$-27.0M
Q2 23
$-26.4M
Q1 23
$-34.4M
FCF Margin
IDYA
IDYA
PTGX
PTGX
Q3 25
68.4%
Q4 24
107.1%
Q3 24
Q2 24
Q1 24
-10.9%
Q3 23
Q2 23
Q1 23
Capex Intensity
IDYA
IDYA
PTGX
PTGX
Q3 25
0.0%
Q4 24
0.8%
Q3 24
Q2 24
Q1 24
0.1%
Q3 23
Q2 23
Q1 23
Cash Conversion
IDYA
IDYA
PTGX
PTGX
Q3 25
1.19×
Q4 24
1.40×
Q3 24
Q2 24
Q1 24
-0.13×
Q3 23
Q2 23
Q1 23

Financial Flow Comparison

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

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