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Side-by-side financial comparison of STANDARD BIOTOOLS INC. (LAB) and VersaBank (VBNK). Click either name above to swap in a different company.

VersaBank is the larger business by last-quarter revenue ($26.7M vs $19.6M, roughly 1.4× STANDARD BIOTOOLS INC.). VersaBank runs the higher net margin — 30.3% vs -177.4%, a 207.7% gap on every dollar of revenue. On growth, VersaBank posted the faster year-over-year revenue change (31.2% vs -11.5%). Over the past eight quarters, VersaBank's revenue compounded faster (16.6% CAGR vs -12.2%).

Standard BioTools Inc., previously known as Fluidigm Corp., is an American life science tools company that offers analytical mass cytometry systems for flow cytometry and tissue imaging, along with associated assays and reagents, as well as an automated genomic analysis instrument and a variety of microfluidic arrays, or integrated fluidic circuits (IFCs), and consumables with fully kitted reagents. Custom assays and services are available with all systems and applications.

VersaBank is a Canada-based digital-first financial institution offering commercial lending, high-interest deposit accounts and customized financial services for SMEs, retail clients and institutional partners across North America. It operates no physical branches, using secure digital infrastructure to deliver efficient, cost-effective banking experiences.

LAB vs VBNK — Head-to-Head

Bigger by revenue
VBNK
VBNK
1.4× larger
VBNK
$26.7M
$19.6M
LAB
Growing faster (revenue YoY)
VBNK
VBNK
+42.7% gap
VBNK
31.2%
-11.5%
LAB
Higher net margin
VBNK
VBNK
207.7% more per $
VBNK
30.3%
-177.4%
LAB
Faster 2-yr revenue CAGR
VBNK
VBNK
Annualised
VBNK
16.6%
-12.2%
LAB

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
LAB
LAB
VBNK
VBNK
Revenue
$19.6M
$26.7M
Net Profit
$-34.7M
$8.1M
Gross Margin
48.5%
Operating Margin
-168.5%
Net Margin
-177.4%
30.3%
Revenue YoY
-11.5%
31.2%
Net Profit YoY
-28.8%
35.9%
EPS (diluted)
$-0.09

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
LAB
LAB
VBNK
VBNK
Q1 26
$26.7M
Q3 25
$19.6M
$23.1M
Q2 25
$21.8M
$22.0M
Q1 25
$40.8M
$20.3M
Q3 24
$22.1M
$19.7M
Q2 24
$22.5M
$20.8M
Q1 24
$45.5M
$21.1M
Q4 23
$28.2M
Net Profit
LAB
LAB
VBNK
VBNK
Q1 26
$8.1M
Q3 25
$-34.7M
$4.8M
Q2 25
$-33.5M
$6.2M
Q1 25
$-26.0M
$5.9M
Q3 24
$-26.9M
$7.1M
Q2 24
$-45.7M
$8.6M
Q1 24
$-32.2M
$9.3M
Q4 23
$-19.8M
Gross Margin
LAB
LAB
VBNK
VBNK
Q1 26
Q3 25
48.5%
Q2 25
48.8%
Q1 25
48.4%
Q3 24
54.9%
Q2 24
46.1%
Q1 24
53.1%
Q4 23
47.6%
Operating Margin
LAB
LAB
VBNK
VBNK
Q1 26
Q3 25
-168.5%
Q2 25
-118.1%
Q1 25
-80.8%
Q3 24
-120.9%
Q2 24
-134.5%
Q1 24
-132.2%
Q4 23
-75.9%
Net Margin
LAB
LAB
VBNK
VBNK
Q1 26
30.3%
Q3 25
-177.4%
20.8%
Q2 25
-153.7%
28.3%
Q1 25
-63.8%
29.3%
Q3 24
-122.0%
35.9%
Q2 24
-203.3%
41.5%
Q1 24
-70.6%
44.0%
Q4 23
-70.2%
EPS (diluted)
LAB
LAB
VBNK
VBNK
Q1 26
Q3 25
$-0.09
Q2 25
$-0.09
Q1 25
$-0.07
Q3 24
$-0.07
Q2 24
$-0.12
Q1 24
$-0.27
Q4 23
$-0.24

Balance Sheet & Financial Strength

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

Metric
LAB
LAB
VBNK
VBNK
Cash + ST InvestmentsLiquidity on hand
$129.4M
$458.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$399.7M
$396.4M
Total Assets
$539.6M
$4.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LAB
LAB
VBNK
VBNK
Q1 26
$458.4M
Q3 25
$129.4M
$336.0M
Q2 25
$158.6M
$248.3M
Q1 25
$150.9M
$282.3M
Q3 24
$210.6M
$181.0M
Q2 24
$269.8M
$145.1M
Q1 24
$287.1M
$93.1M
Q4 23
$51.7M
Total Debt
LAB
LAB
VBNK
VBNK
Q1 26
Q3 25
Q2 25
Q1 25
Q3 24
$55.2M
Q2 24
$55.1M
Q1 24
$55.0M
Q4 23
$63.5M
Stockholders' Equity
LAB
LAB
VBNK
VBNK
Q1 26
$396.4M
Q3 25
$399.7M
$385.5M
Q2 25
$424.5M
$385.7M
Q1 25
$454.6M
$380.5M
Q3 24
$489.3M
$298.6M
Q2 24
$510.3M
$292.1M
Q1 24
$577.3M
$284.0M
Q4 23
$-148.1M
Total Assets
LAB
LAB
VBNK
VBNK
Q1 26
$4.5B
Q3 25
$539.6M
$4.0B
Q2 25
$557.0M
$3.7B
Q1 25
$579.6M
$3.6B
Q3 24
$681.5M
$3.3B
Q2 24
$708.7M
$3.2B
Q1 24
$777.7M
$3.1B
Q4 23
$323.1M
Debt / Equity
LAB
LAB
VBNK
VBNK
Q1 26
Q3 25
Q2 25
Q1 25
Q3 24
0.11×
Q2 24
0.11×
Q1 24
0.10×
Q4 23

Cash Flow & Capital Efficiency

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

Metric
LAB
LAB
VBNK
VBNK
Operating Cash FlowLast quarter
$-22.2M
$40.6M
Free Cash FlowOCF − Capex
$-23.1M
FCF MarginFCF / Revenue
-118.1%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
5.03×
TTM Free Cash FlowTrailing 4 quarters
$-111.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LAB
LAB
VBNK
VBNK
Q1 26
$40.6M
Q3 25
$-22.2M
Q2 25
$-20.7M
Q1 25
$-30.3M
$-65.0M
Q3 24
$-27.9M
Q2 24
$-39.0M
Q1 24
$-62.5M
$-13.2M
Q4 23
$-14.1M
Free Cash Flow
LAB
LAB
VBNK
VBNK
Q1 26
Q3 25
$-23.1M
Q2 25
$-22.6M
Q1 25
$-35.3M
Q3 24
$-30.1M
Q2 24
$-41.0M
Q1 24
$-63.3M
Q4 23
$-14.1M
FCF Margin
LAB
LAB
VBNK
VBNK
Q1 26
Q3 25
-118.1%
Q2 25
-103.6%
Q1 25
-86.6%
Q3 24
-136.4%
Q2 24
-182.2%
Q1 24
-138.9%
Q4 23
-50.2%
Capex Intensity
LAB
LAB
VBNK
VBNK
Q1 26
Q3 25
4.5%
Q2 25
8.7%
Q1 25
12.4%
Q3 24
10.2%
Q2 24
8.6%
Q1 24
1.7%
Q4 23
0.3%
Cash Conversion
LAB
LAB
VBNK
VBNK
Q1 26
5.03×
Q3 25
Q2 25
Q1 25
-10.94×
Q3 24
Q2 24
Q1 24
-1.43×
Q4 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

LAB
LAB

Consumables$8.7M45%
Services And Other Revenue$5.8M29%
Instruments$5.1M26%

VBNK
VBNK

Segment breakdown not available.

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