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Side-by-side financial comparison of Liberty Live Holdings, Inc. (LLYVA) and PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB). Click either name above to swap in a different company.

Liberty Live Holdings, Inc. is the larger business by last-quarter revenue ($61.7M vs $44.6M, roughly 1.4× PACIFIC BIOSCIENCES OF CALIFORNIA, INC.). Liberty Live Holdings, Inc. runs the higher net margin — -90.3% vs -90.4%, a 0.1% gap on every dollar of revenue. On growth, PACIFIC BIOSCIENCES OF CALIFORNIA, INC. posted the faster year-over-year revenue change (13.8% vs -3.8%).

Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment. As of 2025, Liberty Media owned three global motorsport businesses in the form of Formula One, MotoGP and World Superbikes.

Pacific Biosciences of California, Inc. is an American biotechnology company founded in 2004 that develops and manufactures systems for gene sequencing and some novel real time biological observation. PacBio has two principal sequencing platforms: single-molecule real-time sequencing (SMRT), based on the properties of zero-mode waveguides and sequencing by binding (SBB) chemistry, which uses native nucleotides and scarless incorporation for DNA binding and extension.

LLYVA vs PACB — Head-to-Head

Bigger by revenue
LLYVA
LLYVA
1.4× larger
LLYVA
$61.7M
$44.6M
PACB
Growing faster (revenue YoY)
PACB
PACB
+17.6% gap
PACB
13.8%
-3.8%
LLYVA
Higher net margin
LLYVA
LLYVA
0.1% more per $
LLYVA
-90.3%
-90.4%
PACB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LLYVA
LLYVA
PACB
PACB
Revenue
$61.7M
$44.6M
Net Profit
$-55.7M
$-40.4M
Gross Margin
20.6%
37.1%
Operating Margin
-27.2%
-92.3%
Net Margin
-90.3%
-90.4%
Revenue YoY
-3.8%
13.8%
Net Profit YoY
-464.7%
-1802.7%
EPS (diluted)
$-0.11

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
LLYVA
LLYVA
PACB
PACB
Q4 25
$44.6M
Q3 25
$61.7M
$38.4M
Q2 25
$39.8M
Q1 25
$37.2M
Q4 24
$39.2M
Q3 24
$64.2M
$40.0M
Q2 24
$36.0M
Q1 24
$38.8M
Net Profit
LLYVA
LLYVA
PACB
PACB
Q4 25
$-40.4M
Q3 25
$-55.7M
$-38.0M
Q2 25
$-41.9M
Q1 25
$-426.1M
Q4 24
$2.4M
Q3 24
$15.3M
$-60.7M
Q2 24
$-173.3M
Q1 24
$-78.2M
Gross Margin
LLYVA
LLYVA
PACB
PACB
Q4 25
37.1%
Q3 25
20.6%
41.4%
Q2 25
36.9%
Q1 25
-3.7%
Q4 24
25.6%
Q3 24
13.2%
25.0%
Q2 24
16.5%
Q1 24
29.1%
Operating Margin
LLYVA
LLYVA
PACB
PACB
Q4 25
-92.3%
Q3 25
-27.2%
-101.1%
Q2 25
-112.8%
Q1 25
-1154.5%
Q4 24
-390.1%
Q3 24
-22.6%
-160.3%
Q2 24
-488.3%
Q1 24
-209.6%
Net Margin
LLYVA
LLYVA
PACB
PACB
Q4 25
-90.4%
Q3 25
-90.3%
-98.9%
Q2 25
-105.4%
Q1 25
-1146.8%
Q4 24
6.0%
Q3 24
23.8%
-151.9%
Q2 24
-481.3%
Q1 24
-201.4%
EPS (diluted)
LLYVA
LLYVA
PACB
PACB
Q4 25
$-0.11
Q3 25
$-0.13
Q2 25
$-0.14
Q1 25
$-1.44
Q4 24
$-0.44
Q3 24
$-0.22
Q2 24
$-0.64
Q1 24
$-0.29

Balance Sheet & Financial Strength

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

Metric
LLYVA
LLYVA
PACB
PACB
Cash + ST InvestmentsLiquidity on hand
$375.8M
$279.5M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$-409.2M
$5.3M
Total Assets
$1.9B
$784.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LLYVA
LLYVA
PACB
PACB
Q4 25
$279.5M
Q3 25
$375.8M
$298.7M
Q2 25
$314.7M
Q1 25
$343.1M
Q4 24
$389.9M
Q3 24
$471.1M
Q2 24
$509.8M
Q1 24
$561.9M
Total Debt
LLYVA
LLYVA
PACB
PACB
Q4 25
Q3 25
$1.9B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
LLYVA
LLYVA
PACB
PACB
Q4 25
$5.3M
Q3 25
$-409.2M
$36.1M
Q2 25
$61.5M
Q1 25
$91.6M
Q4 24
$506.6M
Q3 24
$44.6M
$453.1M
Q2 24
$492.7M
Q1 24
$649.0M
Total Assets
LLYVA
LLYVA
PACB
PACB
Q4 25
$784.1M
Q3 25
$1.9B
$803.2M
Q2 25
$825.5M
Q1 25
$860.8M
Q4 24
$1.3B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.7B

Cash Flow & Capital Efficiency

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

Metric
LLYVA
LLYVA
PACB
PACB
Operating Cash FlowLast quarter
$-28.9M
$-19.1M
Free Cash FlowOCF − Capex
$-19.9M
FCF MarginFCF / Revenue
-44.6%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-114.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LLYVA
LLYVA
PACB
PACB
Q4 25
$-19.1M
Q3 25
$-28.9M
$-18.7M
Q2 25
$-29.4M
Q1 25
$-44.1M
Q4 24
$-30.6M
Q3 24
$-45.5M
Q2 24
$-54.3M
Q1 24
$-75.7M
Free Cash Flow
LLYVA
LLYVA
PACB
PACB
Q4 25
$-19.9M
Q3 25
$-18.8M
Q2 25
$-29.9M
Q1 25
$-45.4M
Q4 24
$-32.3M
Q3 24
$-46.3M
Q2 24
$-55.7M
Q1 24
$-79.6M
FCF Margin
LLYVA
LLYVA
PACB
PACB
Q4 25
-44.6%
Q3 25
-48.9%
Q2 25
-75.3%
Q1 25
-122.3%
Q4 24
-82.3%
Q3 24
-115.7%
Q2 24
-154.8%
Q1 24
-205.0%
Capex Intensity
LLYVA
LLYVA
PACB
PACB
Q4 25
1.9%
Q3 25
0.2%
Q2 25
1.4%
Q1 25
3.7%
Q4 24
4.1%
Q3 24
2.0%
Q2 24
4.1%
Q1 24
10.0%
Cash Conversion
LLYVA
LLYVA
PACB
PACB
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-12.93×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LLYVA
LLYVA

Segment breakdown not available.

PACB
PACB

Products$39.0M87%
Service And Other$5.7M13%

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