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Side-by-side financial comparison of Maase Inc. (MAAS) and OmniAb, Inc. (OABI). Click either name above to swap in a different company.

Maase Inc. is the larger business by last-quarter revenue ($9.9M vs $8.4M, roughly 1.2× OmniAb, Inc.). OmniAb, Inc. produced more free cash flow last quarter ($-5.7M vs $-18.3M).

OmniAb, Inc. is a global biotechnology firm specializing in proprietary transgenic animal platforms and antibody discovery solutions. It partners with pharma and biotech clients to accelerate fully human therapeutic antibody development for oncology, autoimmune diseases and high-need medical areas across key global markets.

MAAS vs OABI — Head-to-Head

Bigger by revenue
MAAS
MAAS
1.2× larger
MAAS
$9.9M
$8.4M
OABI
More free cash flow
OABI
OABI
$12.6M more FCF
OABI
$-5.7M
$-18.3M
MAAS

Income Statement — Q2 FY2023 vs Q4 FY2025

Metric
MAAS
MAAS
OABI
OABI
Revenue
$9.9M
$8.4M
Net Profit
$-14.2M
Gross Margin
78.7%
Operating Margin
-55.9%
-188.2%
Net Margin
-169.3%
Revenue YoY
-22.5%
Net Profit YoY
-8.5%
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
MAAS
MAAS
OABI
OABI
Q4 25
$8.4M
Q4 24
$10.8M
Q2 24
$7.6M
Q4 23
$4.8M
Q3 23
$5.5M
Q2 23
$6.9M
Q1 23
$16.9M
Q4 22
$9.9M
$35.3M
Net Profit
MAAS
MAAS
OABI
OABI
Q4 25
$-14.2M
Q4 24
$-13.1M
Q2 24
$-13.6M
Q4 23
$-14.1M
Q3 23
$-15.7M
Q2 23
$-14.7M
Q1 23
$-6.1M
Q4 22
$6.8M
Gross Margin
MAAS
MAAS
OABI
OABI
Q4 25
Q4 24
Q2 24
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
78.7%
Operating Margin
MAAS
MAAS
OABI
OABI
Q4 25
-188.2%
Q4 24
-147.0%
Q2 24
-214.1%
Q4 23
-439.8%
Q3 23
-370.9%
Q2 23
-279.9%
Q1 23
-50.0%
Q4 22
-55.9%
25.6%
Net Margin
MAAS
MAAS
OABI
OABI
Q4 25
-169.3%
Q4 24
-121.0%
Q2 24
-179.0%
Q4 23
-291.4%
Q3 23
-287.3%
Q2 23
-212.0%
Q1 23
-36.1%
Q4 22
19.3%
EPS (diluted)
MAAS
MAAS
OABI
OABI
Q4 25
$-0.11
Q4 24
$-0.13
Q2 24
$-0.13
Q4 23
$-0.14
Q3 23
$-0.16
Q2 23
$-0.15
Q1 23
$-0.06
Q4 22
$0.09

Balance Sheet & Financial Strength

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

Metric
MAAS
MAAS
OABI
OABI
Cash + ST InvestmentsLiquidity on hand
$10.9M
$25.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$31.6M
$267.0M
Total Assets
$47.0M
$300.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAAS
MAAS
OABI
OABI
Q4 25
$25.5M
Q4 24
$27.6M
Q2 24
$20.8M
Q4 23
$16.4M
Q3 23
$21.2M
Q2 23
$21.0M
Q1 23
$22.9M
Q4 22
$10.9M
$33.4M
Stockholders' Equity
MAAS
MAAS
OABI
OABI
Q4 25
$267.0M
Q4 24
$287.6M
Q2 24
$294.2M
Q4 23
$314.6M
Q3 23
$324.5M
Q2 23
$333.8M
Q1 23
$340.8M
Q4 22
$31.6M
$341.4M
Total Assets
MAAS
MAAS
OABI
OABI
Q4 25
$300.9M
Q4 24
$325.6M
Q2 24
$337.3M
Q4 23
$375.2M
Q3 23
$391.7M
Q2 23
$405.2M
Q1 23
$413.0M
Q4 22
$47.0M
$421.2M

Cash Flow & Capital Efficiency

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

Metric
MAAS
MAAS
OABI
OABI
Operating Cash FlowLast quarter
$-18.2M
$-5.7M
Free Cash FlowOCF − Capex
$-18.3M
$-5.7M
FCF MarginFCF / Revenue
-184.4%
-67.8%
Capex IntensityCapex / Revenue
1.0%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-31.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAAS
MAAS
OABI
OABI
Q4 25
$-5.7M
Q4 24
$-3.9M
Q2 24
$-12.2M
Q4 23
$-9.1M
Q3 23
$-6.2M
Q2 23
$-10.0M
Q1 23
$27.7M
Q4 22
$-18.2M
$-7.1M
Free Cash Flow
MAAS
MAAS
OABI
OABI
Q4 25
$-5.7M
Q4 24
$-3.9M
Q2 24
$-12.9M
Q4 23
$-9.2M
Q3 23
$-6.7M
Q2 23
$-10.8M
Q1 23
$27.5M
Q4 22
$-18.3M
$-12.2M
FCF Margin
MAAS
MAAS
OABI
OABI
Q4 25
-67.8%
Q4 24
-36.3%
Q2 24
-169.9%
Q4 23
-191.4%
Q3 23
-122.1%
Q2 23
-156.0%
Q1 23
162.3%
Q4 22
-184.4%
-34.4%
Capex Intensity
MAAS
MAAS
OABI
OABI
Q4 25
0.1%
Q4 24
0.4%
Q2 24
9.9%
Q4 23
2.2%
Q3 23
8.9%
Q2 23
11.7%
Q1 23
1.4%
Q4 22
1.0%
14.2%
Cash Conversion
MAAS
MAAS
OABI
OABI
Q4 25
Q4 24
Q2 24
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
-1.05×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAAS
MAAS

Wealth management$7.8M78%
Insurance consulting$1.0M10%
Other$975.0K10%
Asset management$168.0K2%

OABI
OABI

Segment breakdown not available.

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