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Side-by-side financial comparison of KalVista Pharmaceuticals, Inc. (KALV) and LCNB CORP (LCNB). Click either name above to swap in a different company.

LCNB CORP is the larger business by last-quarter revenue ($23.9M vs $13.7M, roughly 1.7× KalVista Pharmaceuticals, Inc.). LCNB CORP runs the higher net margin — 23.7% vs -361.4%, a 385.1% gap on every dollar of revenue.

KalVista Pharmaceuticals is a clinical-stage biopharmaceutical company focused on the research, development and commercialization of novel oral serine protease inhibitor therapies. Its core pipeline addresses unmet medical needs for rare and inflammatory diseases including hereditary angioedema and diabetic macular edema, with primary target markets in North America and Europe.

LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.

KALV vs LCNB — Head-to-Head

Bigger by revenue
LCNB
LCNB
1.7× larger
LCNB
$23.9M
$13.7M
KALV
Higher net margin
LCNB
LCNB
385.1% more per $
LCNB
23.7%
-361.4%
KALV

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
KALV
KALV
LCNB
LCNB
Revenue
$13.7M
$23.9M
Net Profit
$-49.5M
$5.7M
Gross Margin
91.0%
Operating Margin
-336.3%
29.2%
Net Margin
-361.4%
23.7%
Revenue YoY
5.1%
Net Profit YoY
-17.1%
-7.6%
EPS (diluted)
$-0.92
$0.40

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
KALV
KALV
LCNB
LCNB
Q4 25
$23.9M
Q3 25
$13.7M
$23.8M
Q2 25
$22.8M
Q1 25
$21.5M
Q4 24
$22.7M
Q3 24
$0
$21.4M
Q2 24
$19.3M
Q1 24
$17.8M
Net Profit
KALV
KALV
LCNB
LCNB
Q4 25
$5.7M
Q3 25
$-49.5M
$6.9M
Q2 25
$5.9M
Q1 25
$4.6M
Q4 24
$6.1M
Q3 24
$-40.4M
$4.5M
Q2 24
$925.0K
Q1 24
$1.9M
Gross Margin
KALV
KALV
LCNB
LCNB
Q4 25
Q3 25
91.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
KALV
KALV
LCNB
LCNB
Q4 25
29.2%
Q3 25
-336.3%
35.6%
Q2 25
31.6%
Q1 25
25.6%
Q4 24
32.9%
Q3 24
24.9%
Q2 24
4.9%
Q1 24
12.5%
Net Margin
KALV
KALV
LCNB
LCNB
Q4 25
23.7%
Q3 25
-361.4%
29.1%
Q2 25
26.0%
Q1 25
21.4%
Q4 24
27.0%
Q3 24
21.2%
Q2 24
4.8%
Q1 24
10.7%
EPS (diluted)
KALV
KALV
LCNB
LCNB
Q4 25
$0.40
Q3 25
$-0.92
$0.49
Q2 25
$0.41
Q1 25
$0.33
Q4 24
$0.44
Q3 24
$-0.87
$0.31
Q2 24
$0.07
Q1 24
$0.15

Balance Sheet & Financial Strength

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

Metric
KALV
KALV
LCNB
LCNB
Cash + ST InvestmentsLiquidity on hand
$243.5M
$21.6M
Total DebtLower is stronger
$104.4M
Stockholders' EquityBook value
$17.0M
$273.9M
Total Assets
$339.9M
$2.2B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KALV
KALV
LCNB
LCNB
Q4 25
$21.6M
Q3 25
$243.5M
$35.9M
Q2 25
$49.8M
Q1 25
$37.7M
Q4 24
$35.7M
Q3 24
$31.8M
$39.4M
Q2 24
$34.9M
Q1 24
$33.0M
Total Debt
KALV
KALV
LCNB
LCNB
Q4 25
$104.4M
Q3 25
$104.7M
Q2 25
$105.0M
Q1 25
$104.6M
Q4 24
$155.2M
Q3 24
$155.7M
Q2 24
$162.2M
Q1 24
$162.6M
Stockholders' Equity
KALV
KALV
LCNB
LCNB
Q4 25
$273.9M
Q3 25
$17.0M
$269.9M
Q2 25
$263.5M
Q1 25
$258.7M
Q4 24
$253.0M
Q3 24
$172.8M
$253.2M
Q2 24
$245.2M
Q1 24
$233.7M
Total Assets
KALV
KALV
LCNB
LCNB
Q4 25
$2.2B
Q3 25
$339.9M
$2.2B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$200.2M
$2.3B
Q2 24
$2.4B
Q1 24
$2.3B
Debt / Equity
KALV
KALV
LCNB
LCNB
Q4 25
0.38×
Q3 25
0.39×
Q2 25
0.40×
Q1 25
0.40×
Q4 24
0.61×
Q3 24
0.61×
Q2 24
0.66×
Q1 24
0.70×

Cash Flow & Capital Efficiency

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

Metric
KALV
KALV
LCNB
LCNB
Operating Cash FlowLast quarter
$34.4M
Free Cash FlowOCF − Capex
$33.4M
FCF MarginFCF / Revenue
140.2%
Capex IntensityCapex / Revenue
4.0%
Cash ConversionOCF / Net Profit
6.08×
TTM Free Cash FlowTrailing 4 quarters
$54.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KALV
KALV
LCNB
LCNB
Q4 25
$34.4M
Q3 25
$14.0M
Q2 25
$5.5M
Q1 25
$2.2M
Q4 24
$93.2M
Q3 24
$-40.2M
$11.9M
Q2 24
$54.9M
Q1 24
$-11.9M
Free Cash Flow
KALV
KALV
LCNB
LCNB
Q4 25
$33.4M
Q3 25
$13.7M
Q2 25
$5.2M
Q1 25
$2.1M
Q4 24
$89.4M
Q3 24
$-40.2M
$10.5M
Q2 24
$53.8M
Q1 24
$-12.8M
FCF Margin
KALV
KALV
LCNB
LCNB
Q4 25
140.2%
Q3 25
57.4%
Q2 25
23.0%
Q1 25
10.0%
Q4 24
394.0%
Q3 24
49.0%
Q2 24
278.6%
Q1 24
-71.8%
Capex Intensity
KALV
KALV
LCNB
LCNB
Q4 25
4.0%
Q3 25
1.3%
Q2 25
1.0%
Q1 25
0.3%
Q4 24
16.7%
Q3 24
6.7%
Q2 24
5.9%
Q1 24
4.8%
Cash Conversion
KALV
KALV
LCNB
LCNB
Q4 25
6.08×
Q3 25
2.02×
Q2 25
0.92×
Q1 25
0.48×
Q4 24
15.23×
Q3 24
2.63×
Q2 24
59.35×
Q1 24
-6.24×

Financial Flow Comparison

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

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