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Side-by-side financial comparison of GLADSTONE LAND Corp (LAND) and Septerna, Inc. (SEPN). Click either name above to swap in a different company.

Septerna, Inc. is the larger business by last-quarter revenue ($24.1M vs $16.6M, roughly 1.5× GLADSTONE LAND Corp).

Hongkong Land (HKL) is a property investment, management and development group with commercial and residential property interests across Asia. It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures. While it...

Septerna, Inc. is a clinical-stage biotechnology company focused on developing novel therapies targeting G protein-coupled receptors (GPCRs), a large family of cell surface proteins involved in many disease pathways. Its pipeline includes candidates for inflammatory, metabolic, and central nervous system disorders, addressing global unmet medical needs.

LAND vs SEPN — Head-to-Head

Bigger by revenue
SEPN
SEPN
1.5× larger
SEPN
$24.1M
$16.6M
LAND

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LAND
LAND
SEPN
SEPN
Revenue
$16.6M
$24.1M
Net Profit
$-10.7M
Gross Margin
Operating Margin
200.3%
-66.4%
Net Margin
-44.5%
Revenue YoY
-1.5%
Net Profit YoY
EPS (diluted)
$-0.23

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
LAND
LAND
SEPN
SEPN
Q1 26
$16.6M
Q4 25
$41.5M
$24.1M
Q3 25
$17.8M
$21.5M
Q2 25
$12.3M
Q1 25
$16.8M
Q4 24
$21.1M
Q3 24
$22.6M
Q2 24
$21.3M
Net Profit
LAND
LAND
SEPN
SEPN
Q1 26
Q4 25
$4.2M
$-10.7M
Q3 25
$2.1M
$8.2M
Q2 25
$-7.9M
Q1 25
$15.1M
Q4 24
$540.0K
Q3 24
$6.0K
Q2 24
$-823.0K
Operating Margin
LAND
LAND
SEPN
SEPN
Q1 26
200.3%
Q4 25
-66.4%
Q3 25
12.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Net Margin
LAND
LAND
SEPN
SEPN
Q1 26
Q4 25
10.2%
-44.5%
Q3 25
11.7%
38.0%
Q2 25
-64.1%
Q1 25
89.9%
Q4 24
2.6%
Q3 24
0.0%
Q2 24
-3.9%
EPS (diluted)
LAND
LAND
SEPN
SEPN
Q1 26
Q4 25
$-0.05
$-0.23
Q3 25
$-0.11
$0.18
Q2 25
$-0.38
Q1 25
$0.25
Q4 24
$-0.15
Q3 24
$-0.16
Q2 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
LAND
LAND
SEPN
SEPN
Cash + ST InvestmentsLiquidity on hand
$391.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$688.3M
$381.9M
Total Assets
$1.2B
$596.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LAND
LAND
SEPN
SEPN
Q1 26
Q4 25
$27.2M
$391.1M
Q3 25
$11.3M
$474.3M
Q2 25
$30.5M
Q1 25
$42.9M
Q4 24
$18.3M
Q3 24
$13.2M
Q2 24
$49.8M
Total Debt
LAND
LAND
SEPN
SEPN
Q1 26
Q4 25
$473.6M
Q3 25
$480.4M
Q2 25
$496.4M
Q1 25
$498.8M
Q4 24
$527.5M
Q3 24
$530.7M
Q2 24
$549.4M
Stockholders' Equity
LAND
LAND
SEPN
SEPN
Q1 26
$688.3M
Q4 25
$670.3M
$381.9M
Q3 25
$661.8M
$388.7M
Q2 25
$670.1M
Q1 25
$689.9M
Q4 24
$687.2M
Q3 24
$691.2M
Q2 24
$708.5M
Total Assets
LAND
LAND
SEPN
SEPN
Q1 26
$1.2B
Q4 25
$1.2B
$596.2M
Q3 25
$1.2B
$606.7M
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.4B
Debt / Equity
LAND
LAND
SEPN
SEPN
Q1 26
Q4 25
0.71×
Q3 25
0.73×
Q2 25
0.74×
Q1 25
0.72×
Q4 24
0.77×
Q3 24
0.77×
Q2 24
0.78×

Cash Flow & Capital Efficiency

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

Metric
LAND
LAND
SEPN
SEPN
Operating Cash FlowLast quarter
$-15.0M
Free Cash FlowOCF − Capex
$-15.1M
FCF MarginFCF / Revenue
-62.4%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LAND
LAND
SEPN
SEPN
Q1 26
Q4 25
$7.0M
$-15.0M
Q3 25
$-12.0M
$168.8M
Q2 25
$3.9M
Q1 25
$4.5M
Q4 24
$29.5M
Q3 24
$-1.4M
Q2 24
$15.9M
Free Cash Flow
LAND
LAND
SEPN
SEPN
Q1 26
Q4 25
$-15.1M
Q3 25
$168.8M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
LAND
LAND
SEPN
SEPN
Q1 26
Q4 25
-62.4%
Q3 25
785.3%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
LAND
LAND
SEPN
SEPN
Q1 26
Q4 25
0.3%
Q3 25
0.1%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
LAND
LAND
SEPN
SEPN
Q1 26
Q4 25
1.66×
Q3 25
-5.77×
20.65×
Q2 25
Q1 25
0.30×
Q4 24
54.72×
Q3 24
-227.83×
Q2 24

Financial Flow Comparison

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

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