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Side-by-side financial comparison of Lineage Cell Therapeutics, Inc. (LCTX) and Lument Finance Trust, Inc. (LFT). Click either name above to swap in a different company.

Lineage Cell Therapeutics, Inc. is the larger business by last-quarter revenue ($6.6M vs $5.4M, roughly 1.2× Lument Finance Trust, Inc.). Lineage Cell Therapeutics, Inc. runs the higher net margin — 12.9% vs -144.5%, a 157.4% gap on every dollar of revenue. On growth, Lineage Cell Therapeutics, Inc. posted the faster year-over-year revenue change (130.4% vs -42.6%). Over the past eight quarters, Lineage Cell Therapeutics, Inc.'s revenue compounded faster (113.9% CAGR vs -35.7%).

Lineage Cell Therapeutics, Inc. is a clinical-stage biotechnology company developing novel cell therapies for unmet medical needs. Lineage’s programs are based on its robust proprietary cell-based therapy platform and associated in-house development and manufacturing capabilities. With this platform, Lineage develops and manufactures specialized, terminally differentiated human cells from its pluripotent and progenitor cell starting materials. These differentiated cells are developed to eithe...

Lument Finance Trust, Inc. is a US-based real estate finance firm that primarily invests in, manages, and operates credit assets tied to multifamily residential and commercial real estate. Its core offerings include bridge loans, permanent financing solutions, and structured real estate debt products for property owners and operators across the United States.

LCTX vs LFT — Head-to-Head

Bigger by revenue
LCTX
LCTX
1.2× larger
LCTX
$6.6M
$5.4M
LFT
Growing faster (revenue YoY)
LCTX
LCTX
+173.1% gap
LCTX
130.4%
-42.6%
LFT
Higher net margin
LCTX
LCTX
157.4% more per $
LCTX
12.9%
-144.5%
LFT
Faster 2-yr revenue CAGR
LCTX
LCTX
Annualised
LCTX
113.9%
-35.7%
LFT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LCTX
LCTX
LFT
LFT
Revenue
$6.6M
$5.4M
Net Profit
$851.0K
$-7.8M
Gross Margin
Operating Margin
-99.1%
Net Margin
12.9%
-144.5%
Revenue YoY
130.4%
-42.6%
Net Profit YoY
126.0%
-262.0%
EPS (diluted)
$0.00
$-0.17

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
LCTX
LCTX
LFT
LFT
Q4 25
$6.6M
$5.4M
Q3 25
$3.7M
$5.1M
Q2 25
$2.8M
$7.0M
Q1 25
$1.5M
$7.7M
Q4 24
$2.9M
$9.4M
Q3 24
$3.8M
$9.5M
Q2 24
$1.4M
$9.5M
Q1 24
$1.4M
$13.0M
Net Profit
LCTX
LCTX
LFT
LFT
Q4 25
$851.0K
$-7.8M
Q3 25
$-29.8M
$1.8M
Q2 25
$-30.5M
$3.7M
Q1 25
$-4.1M
$-522.6K
Q4 24
$-3.3M
$4.8M
Q3 24
$-3.0M
$6.3M
Q2 24
$-5.8M
$4.6M
Q1 24
$-6.5M
$7.0M
Gross Margin
LCTX
LCTX
LFT
LFT
Q4 25
Q3 25
Q2 25
Q1 25
97.6%
Q4 24
94.6%
Q3 24
99.0%
Q2 24
96.9%
Q1 24
93.2%
Operating Margin
LCTX
LCTX
LFT
LFT
Q4 25
-99.1%
Q3 25
-102.9%
Q2 25
-715.4%
Q1 25
-433.1%
Q4 24
-178.2%
Q3 24
-101.6%
Q2 24
-416.7%
Q1 24
-461.3%
Net Margin
LCTX
LCTX
LFT
LFT
Q4 25
12.9%
-144.5%
Q3 25
-809.0%
36.5%
Q2 25
-1101.8%
53.0%
Q1 25
-275.6%
-6.8%
Q4 24
-114.1%
51.2%
Q3 24
-80.3%
66.2%
Q2 24
-409.1%
48.3%
Q1 24
-453.0%
53.7%
EPS (diluted)
LCTX
LCTX
LFT
LFT
Q4 25
$0.00
$-0.17
Q3 25
$-0.13
$0.01
Q2 25
$-0.13
$0.05
Q1 25
$-0.02
$-0.03
Q4 24
$0.00
$0.06
Q3 24
$-0.02
$0.10
Q2 24
$-0.03
$0.07
Q1 24
$-0.04
$0.11

Balance Sheet & Financial Strength

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

Metric
LCTX
LCTX
LFT
LFT
Cash + ST InvestmentsLiquidity on hand
$55.8M
$23.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$44.5M
$219.0M
Total Assets
$112.6M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LCTX
LCTX
LFT
LFT
Q4 25
$55.8M
$23.1M
Q3 25
$40.5M
$56.0M
Q2 25
$42.3M
$59.4M
Q1 25
$47.9M
$63.5M
Q4 24
$47.8M
$69.2M
Q3 24
$32.7M
$45.6M
Q2 24
$38.5M
$65.1M
Q1 24
$43.6M
$64.6M
Stockholders' Equity
LCTX
LCTX
LFT
LFT
Q4 25
$44.5M
$219.0M
Q3 25
$22.0M
$230.0M
Q2 25
$48.4M
$231.4M
Q1 25
$79.0M
$231.9M
Q4 24
$78.4M
$237.8M
Q3 24
$66.2M
$243.0M
Q2 24
$68.3M
$242.1M
Q1 24
$72.4M
$242.8M
Total Assets
LCTX
LCTX
LFT
LFT
Q4 25
$112.6M
$1.2B
Q3 25
$89.6M
$955.7M
Q2 25
$90.8M
$998.4M
Q1 25
$111.8M
$1.1B
Q4 24
$113.2M
$1.1B
Q3 24
$96.6M
$1.3B
Q2 24
$102.8M
$1.3B
Q1 24
$108.5M
$1.4B

Cash Flow & Capital Efficiency

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

Metric
LCTX
LCTX
LFT
LFT
Operating Cash FlowLast quarter
$-4.9M
$10.1M
Free Cash FlowOCF − Capex
$-5.3M
FCF MarginFCF / Revenue
-79.9%
Capex IntensityCapex / Revenue
6.0%
Cash ConversionOCF / Net Profit
-5.73×
TTM Free Cash FlowTrailing 4 quarters
$-19.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LCTX
LCTX
LFT
LFT
Q4 25
$-4.9M
$10.1M
Q3 25
$-3.6M
$1.1M
Q2 25
$-5.5M
$3.6M
Q1 25
$-4.9M
$4.1M
Q4 24
$-6.3M
$27.1M
Q3 24
$-5.8M
$6.2M
Q2 24
$-5.2M
$5.5M
Q1 24
$-5.8M
$9.1M
Free Cash Flow
LCTX
LCTX
LFT
LFT
Q4 25
$-5.3M
Q3 25
$-3.6M
Q2 25
$-5.6M
Q1 25
$-5.0M
Q4 24
$-6.7M
Q3 24
$-5.9M
Q2 24
$-5.2M
Q1 24
$-5.8M
FCF Margin
LCTX
LCTX
LFT
LFT
Q4 25
-79.9%
Q3 25
-98.6%
Q2 25
-200.8%
Q1 25
-331.8%
Q4 24
-234.0%
Q3 24
-156.1%
Q2 24
-371.2%
Q1 24
-403.1%
Capex Intensity
LCTX
LCTX
LFT
LFT
Q4 25
6.0%
Q3 25
0.3%
Q2 25
0.5%
Q1 25
6.5%
Q4 24
12.7%
Q3 24
3.0%
Q2 24
3.6%
Q1 24
2.6%
Cash Conversion
LCTX
LCTX
LFT
LFT
Q4 25
-5.73×
Q3 25
0.62×
Q2 25
0.98×
Q1 25
Q4 24
5.66×
Q3 24
0.99×
Q2 24
1.19×
Q1 24
1.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LCTX
LCTX

Collaboration Revenues$6.3M95%
Other$345.0K5%

LFT
LFT

Segment breakdown not available.

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