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Side-by-side financial comparison of MFA FINANCIAL, INC. (MFA) and Viridian Therapeutics, Inc.\DE (VRDN). Click either name above to swap in a different company.

Viridian Therapeutics, Inc.\DE is the larger business by last-quarter revenue ($70.6M vs $55.5M, roughly 1.3× MFA FINANCIAL, INC.). On growth, Viridian Therapeutics, Inc.\DE posted the faster year-over-year revenue change (81958.1% vs 9.2%).

MFA Financial, Inc. is a U.S.-headquartered real estate investment trust (REIT) specializing in investing in and managing residential and commercial mortgage-backed securities, mortgage loans, and other real estate-related financial assets. It caters primarily to institutional and individual investors across the U.S., focusing on delivering stable risk-adjusted returns via rigorous asset screening and risk management frameworks.

Viridian Therapeutics is a clinical-stage biotechnology firm developing novel disease-modifying therapies for rare, serious autoimmune and inflammatory diseases. Its lead pipeline candidate targets thyroid eye disease, a debilitating orbital disorder, with primary market focus on North America and Europe.

MFA vs VRDN — Head-to-Head

Bigger by revenue
VRDN
VRDN
1.3× larger
VRDN
$70.6M
$55.5M
MFA
Growing faster (revenue YoY)
VRDN
VRDN
+81948.9% gap
VRDN
81958.1%
9.2%
MFA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MFA
MFA
VRDN
VRDN
Revenue
$55.5M
$70.6M
Net Profit
$-34.6M
Gross Margin
Operating Margin
97.9%
-56.7%
Net Margin
-49.0%
Revenue YoY
9.2%
81958.1%
Net Profit YoY
54.9%
EPS (diluted)
$0.43

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
MFA
MFA
VRDN
VRDN
Q4 25
$55.5M
Q3 25
$56.8M
$70.6M
Q2 25
$61.3M
Q1 25
$57.5M
Q4 24
$50.8M
Q3 24
$50.6M
Q2 24
$53.5M
Q1 24
$47.8M
Net Profit
MFA
MFA
VRDN
VRDN
Q4 25
Q3 25
$48.1M
$-34.6M
Q2 25
$33.2M
Q1 25
$41.2M
Q4 24
Q3 24
$48.2M
Q2 24
$41.9M
Q1 24
$23.2M
Operating Margin
MFA
MFA
VRDN
VRDN
Q4 25
97.9%
Q3 25
84.5%
-56.7%
Q2 25
54.5%
Q1 25
70.0%
Q4 24
6.8%
Q3 24
98.2%
Q2 24
79.1%
Q1 24
50.7%
Net Margin
MFA
MFA
VRDN
VRDN
Q4 25
Q3 25
84.7%
-49.0%
Q2 25
54.2%
Q1 25
71.6%
Q4 24
Q3 24
95.2%
Q2 24
78.4%
Q1 24
48.5%
EPS (diluted)
MFA
MFA
VRDN
VRDN
Q4 25
$0.43
Q3 25
$0.35
Q2 25
$0.21
Q1 25
$0.31
Q4 24
$-0.01
Q3 24
$0.37
Q2 24
$0.32
Q1 24
$0.14

Balance Sheet & Financial Strength

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

Metric
MFA
MFA
VRDN
VRDN
Cash + ST InvestmentsLiquidity on hand
$213.2M
$490.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$503.0M
Total Assets
$13.0B
$577.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFA
MFA
VRDN
VRDN
Q4 25
$213.2M
Q3 25
$305.2M
$490.9M
Q2 25
$275.7M
Q1 25
$253.7M
Q4 24
$338.9M
Q3 24
$305.6M
Q2 24
$289.4M
Q1 24
$306.3M
Stockholders' Equity
MFA
MFA
VRDN
VRDN
Q4 25
$1.8B
Q3 25
$1.8B
$503.0M
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$1.9B
Total Assets
MFA
MFA
VRDN
VRDN
Q4 25
$13.0B
Q3 25
$12.1B
$577.1M
Q2 25
$11.7B
Q1 25
$11.5B
Q4 24
$11.4B
Q3 24
$11.2B
Q2 24
$11.1B
Q1 24
$10.9B

Cash Flow & Capital Efficiency

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

Metric
MFA
MFA
VRDN
VRDN
Operating Cash FlowLast quarter
$76.2M
$-84.6M
Free Cash FlowOCF − Capex
$-84.7M
FCF MarginFCF / Revenue
-120.1%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MFA
MFA
VRDN
VRDN
Q4 25
$76.2M
Q3 25
$14.7M
$-84.6M
Q2 25
$38.5M
Q1 25
$-14.6M
Q4 24
$200.1M
Q3 24
$-11.3M
Q2 24
$46.5M
Q1 24
$53.5M
Free Cash Flow
MFA
MFA
VRDN
VRDN
Q4 25
Q3 25
$-84.7M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
MFA
MFA
VRDN
VRDN
Q4 25
Q3 25
-120.1%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
MFA
MFA
VRDN
VRDN
Q4 25
Q3 25
0.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
MFA
MFA
VRDN
VRDN
Q4 25
Q3 25
0.31×
Q2 25
1.16×
Q1 25
-0.35×
Q4 24
Q3 24
-0.23×
Q2 24
1.11×
Q1 24
2.30×

Financial Flow Comparison

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

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