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Side-by-side financial comparison of LENZ Therapeutics, Inc. (LENZ) and Rhinebeck Bancorp, Inc. (RBKB). Click either name above to swap in a different company.

Rhinebeck Bancorp, Inc. is the larger business by last-quarter revenue ($13.5M vs $12.5M, roughly 1.1× LENZ Therapeutics, Inc.). Rhinebeck Bancorp, Inc. runs the higher net margin — 17.3% vs -133.6%, a 150.9% gap on every dollar of revenue. Rhinebeck Bancorp, Inc. produced more free cash flow last quarter ($10.9M vs $-9.0M).

LENZ Therapeutics, Inc. is a clinical-stage biopharmaceutical firm dedicated to developing novel ophthalmic therapies. Its lead product candidates address presbyopia, the age-related loss of near vision, catering to global patient groups with unmet medical needs in the eye care sector.

Rhinebeck Bancorp, Inc. is a US regional bank holding company based in New York. It operates Rhinebeck Bank, offering retail and commercial banking services including deposit accounts, loans, mortgages and wealth management, mainly serving consumers and small-to-medium businesses across New York's Hudson Valley region.

LENZ vs RBKB — Head-to-Head

Bigger by revenue
RBKB
RBKB
1.1× larger
RBKB
$13.5M
$12.5M
LENZ
Higher net margin
RBKB
RBKB
150.9% more per $
RBKB
17.3%
-133.6%
LENZ
More free cash flow
RBKB
RBKB
$19.9M more FCF
RBKB
$10.9M
$-9.0M
LENZ

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LENZ
LENZ
RBKB
RBKB
Revenue
$12.5M
$13.5M
Net Profit
$-16.7M
$2.3M
Gross Margin
Operating Margin
-151.1%
21.7%
Net Margin
-133.6%
17.3%
Revenue YoY
1701.1%
Net Profit YoY
-63.5%
188.0%
EPS (diluted)
$-0.59
$0.21

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
LENZ
LENZ
RBKB
RBKB
Q4 25
$13.5M
Q3 25
$12.5M
$14.0M
Q2 25
$5.0M
$13.1M
Q1 25
$12.8M
Q4 24
$750.0K
Q3 24
$0
$773.0K
Q2 24
$0
$10.7M
Q1 24
$10.4M
Net Profit
LENZ
LENZ
RBKB
RBKB
Q4 25
$2.3M
Q3 25
$-16.7M
$2.7M
Q2 25
$-14.9M
$2.7M
Q1 25
$2.3M
Q4 24
$-2.7M
Q3 24
$-10.2M
$-8.1M
Q2 24
$-10.3M
$975.0K
Q1 24
$1.1M
Operating Margin
LENZ
LENZ
RBKB
RBKB
Q4 25
21.7%
Q3 25
-151.1%
23.9%
Q2 25
-337.1%
26.6%
Q1 25
22.9%
Q4 24
-444.9%
Q3 24
-1332.3%
Q2 24
11.8%
Q1 24
13.9%
Net Margin
LENZ
LENZ
RBKB
RBKB
Q4 25
17.3%
Q3 25
-133.6%
19.3%
Q2 25
-298.2%
20.8%
Q1 25
17.9%
Q4 24
-353.9%
Q3 24
-1042.9%
Q2 24
9.2%
Q1 24
10.8%
EPS (diluted)
LENZ
LENZ
RBKB
RBKB
Q4 25
$0.21
Q3 25
$-0.59
$0.25
Q2 25
$-0.53
$0.25
Q1 25
$0.21
Q4 24
$-0.24
Q3 24
$-0.38
$-0.75
Q2 24
$-0.40
$0.09
Q1 24
$0.10

Balance Sheet & Financial Strength

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

Metric
LENZ
LENZ
RBKB
RBKB
Cash + ST InvestmentsLiquidity on hand
$25.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$193.9M
$136.9M
Total Assets
$210.7M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LENZ
LENZ
RBKB
RBKB
Q4 25
Q3 25
$25.4M
Q2 25
$37.6M
Q1 25
Q4 24
Q3 24
$41.0M
Q2 24
$84.0M
Q1 24
Stockholders' Equity
LENZ
LENZ
RBKB
RBKB
Q4 25
$136.9M
Q3 25
$193.9M
$133.0M
Q2 25
$206.4M
$129.0M
Q1 25
$126.0M
Q4 24
$121.8M
Q3 24
$215.3M
$122.7M
Q2 24
$192.9M
$116.2M
Q1 24
$114.3M
Total Assets
LENZ
LENZ
RBKB
RBKB
Q4 25
$1.3B
Q3 25
$210.7M
$1.3B
Q2 25
$217.3M
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$224.0M
$1.3B
Q2 24
$202.6M
$1.3B
Q1 24
$1.3B

Cash Flow & Capital Efficiency

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

Metric
LENZ
LENZ
RBKB
RBKB
Operating Cash FlowLast quarter
$-8.6M
$11.7M
Free Cash FlowOCF − Capex
$-9.0M
$10.9M
FCF MarginFCF / Revenue
-72.2%
80.6%
Capex IntensityCapex / Revenue
3.5%
6.3%
Cash ConversionOCF / Net Profit
5.03×
TTM Free Cash FlowTrailing 4 quarters
$-47.5M
$19.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LENZ
LENZ
RBKB
RBKB
Q4 25
$11.7M
Q3 25
$-8.6M
$2.2M
Q2 25
$-11.5M
$2.4M
Q1 25
$4.3M
Q4 24
$8.5M
Q3 24
$-10.6M
$-3.6M
Q2 24
$-15.8M
$12.0M
Q1 24
$-3.5M
Free Cash Flow
LENZ
LENZ
RBKB
RBKB
Q4 25
$10.9M
Q3 25
$-9.0M
$2.0M
Q2 25
$-11.7M
$2.2M
Q1 25
$4.2M
Q4 24
$7.7M
Q3 24
$-10.8M
$-3.6M
Q2 24
$-15.9M
$11.8M
Q1 24
$-3.7M
FCF Margin
LENZ
LENZ
RBKB
RBKB
Q4 25
80.6%
Q3 25
-72.2%
14.5%
Q2 25
-235.0%
17.2%
Q1 25
32.8%
Q4 24
1023.9%
Q3 24
-469.0%
Q2 24
111.1%
Q1 24
-36.0%
Capex Intensity
LENZ
LENZ
RBKB
RBKB
Q4 25
6.3%
Q3 25
3.5%
1.4%
Q2 25
4.8%
1.4%
Q1 25
0.9%
Q4 24
105.5%
Q3 24
6.3%
Q2 24
1.2%
Q1 24
2.3%
Cash Conversion
LENZ
LENZ
RBKB
RBKB
Q4 25
5.03×
Q3 25
0.83×
Q2 25
0.89×
Q1 25
1.89×
Q4 24
Q3 24
Q2 24
12.27×
Q1 24
-3.12×

Financial Flow Comparison

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

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