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Side-by-side financial comparison of MACROGENICS INC (MGNX) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Velocity Financial, Inc. is the larger business by last-quarter revenue ($51.6M vs $41.2M, roughly 1.3× MACROGENICS INC). On growth, MACROGENICS INC posted the faster year-over-year revenue change (113.0% vs 32.8%). MACROGENICS INC produced more free cash flow last quarter ($42.8M vs $17.9M). Over the past eight quarters, MACROGENICS INC's revenue compounded faster (112.8% CAGR vs 32.3%).
MacroGenics Inc is a clinical-stage biopharmaceutical firm specializing in the research and development of novel immunotherapies for cancer and autoimmune disorders. Its core product pipeline centers on monoclonal antibody-based treatments, with key programs targeting solid tumors and hematological malignancies, supported by partnerships with global pharmaceutical partners.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
MGNX vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $41.2M | $51.6M |
| Net Profit | — | $34.8M |
| Gross Margin | — | — |
| Operating Margin | -29.3% | 97.0% |
| Net Margin | — | 67.3% |
| Revenue YoY | 113.0% | 32.8% |
| Net Profit YoY | — | 67.0% |
| EPS (diluted) | $-0.23 | $0.90 |
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.
| Q4 25 | $41.2M | $51.6M | ||
| Q3 25 | $72.8M | $49.1M | ||
| Q2 25 | $22.2M | $47.6M | ||
| Q1 25 | $13.2M | $37.5M | ||
| Q4 24 | $19.4M | $38.9M | ||
| Q3 24 | $110.7M | $35.1M | ||
| Q2 24 | $10.8M | $32.4M | ||
| Q1 24 | $9.1M | $29.5M |
| Q4 25 | — | $34.8M | ||
| Q3 25 | $16.8M | $25.4M | ||
| Q2 25 | $-36.3M | $26.0M | ||
| Q1 25 | $-41.0M | $18.9M | ||
| Q4 24 | — | $20.8M | ||
| Q3 24 | $56.3M | $15.8M | ||
| Q2 24 | $-55.7M | $14.8M | ||
| Q1 24 | $-52.2M | $17.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 98.8% | — | ||
| Q3 24 | 99.8% | — | ||
| Q2 24 | 98.4% | — | ||
| Q1 24 | 97.0% | — |
| Q4 25 | -29.3% | 97.0% | ||
| Q3 25 | 25.6% | 72.1% | ||
| Q2 25 | -165.3% | 71.3% | ||
| Q1 25 | -323.1% | 71.7% | ||
| Q4 24 | -273.0% | 82.5% | ||
| Q3 24 | 48.9% | 60.6% | ||
| Q2 24 | -538.9% | 61.3% | ||
| Q1 24 | -590.4% | 78.8% |
| Q4 25 | — | 67.3% | ||
| Q3 25 | 23.1% | 51.7% | ||
| Q2 25 | -163.0% | 54.6% | ||
| Q1 25 | -311.1% | 50.4% | ||
| Q4 24 | — | 53.5% | ||
| Q3 24 | 50.9% | 45.1% | ||
| Q2 24 | -515.6% | 45.6% | ||
| Q1 24 | -573.3% | 58.5% |
| Q4 25 | $-0.23 | $0.90 | ||
| Q3 25 | $0.27 | $0.65 | ||
| Q2 25 | $-0.57 | $0.69 | ||
| Q1 25 | $-0.65 | $0.51 | ||
| Q4 24 | $-0.24 | $0.56 | ||
| Q3 24 | $0.90 | $0.44 | ||
| Q2 24 | $-0.89 | $0.42 | ||
| Q1 24 | $-0.84 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $57.2M | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $55.6M | $672.5M |
| Total Assets | $256.8M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.2M | $92.1M | ||
| Q3 25 | $80.1M | $99.0M | ||
| Q2 25 | $130.7M | $79.6M | ||
| Q1 25 | $145.6M | $51.7M | ||
| Q4 24 | $182.8M | $49.9M | ||
| Q3 24 | $179.6M | $44.1M | ||
| Q2 24 | $83.9M | $47.4M | ||
| Q1 24 | $80.4M | $34.8M |
| Q4 25 | $55.6M | $672.5M | ||
| Q3 25 | $67.0M | $634.3M | ||
| Q2 25 | $46.6M | $597.9M | ||
| Q1 25 | $79.1M | $563.2M | ||
| Q4 24 | $116.1M | $516.9M | ||
| Q3 24 | $120.1M | $484.6M | ||
| Q2 24 | $57.8M | $471.3M | ||
| Q1 24 | $106.2M | $452.9M |
| Q4 25 | $256.8M | $7.4B | ||
| Q3 25 | $270.8M | $7.0B | ||
| Q2 25 | $245.4M | $6.5B | ||
| Q1 25 | $224.6M | $6.0B | ||
| Q4 24 | $261.7M | $5.5B | ||
| Q3 24 | $264.5M | $5.2B | ||
| Q2 24 | $201.1M | $4.9B | ||
| Q1 24 | $248.3M | $4.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $43.0M | $18.2M |
| Free Cash FlowOCF − Capex | $42.8M | $17.9M |
| FCF MarginFCF / Revenue | 103.8% | 34.6% |
| Capex IntensityCapex / Revenue | 0.6% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-83.0M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $43.0M | $18.2M | ||
| Q3 25 | $-30.2M | $11.5M | ||
| Q2 25 | $-47.0M | $7.7M | ||
| Q1 25 | $-46.9M | $3.5M | ||
| Q4 24 | $-38.4M | $37.8M | ||
| Q3 24 | $60.2M | $-17.6M | ||
| Q2 24 | $-44.5M | $11.5M | ||
| Q1 24 | $-45.6M | $10.6M |
| Q4 25 | $42.8M | $17.9M | ||
| Q3 25 | $-30.6M | $11.4M | ||
| Q2 25 | $-47.7M | $7.6M | ||
| Q1 25 | $-47.4M | $3.5M | ||
| Q4 24 | $-39.0M | $37.5M | ||
| Q3 24 | $59.6M | $-17.6M | ||
| Q2 24 | $-45.5M | $11.4M | ||
| Q1 24 | $-47.1M | $10.5M |
| Q4 25 | 103.8% | 34.6% | ||
| Q3 25 | -42.0% | 23.2% | ||
| Q2 25 | -214.5% | 15.9% | ||
| Q1 25 | -359.5% | 9.2% | ||
| Q4 24 | -201.7% | 96.4% | ||
| Q3 24 | 53.8% | -50.3% | ||
| Q2 24 | -421.6% | 35.1% | ||
| Q1 24 | -517.4% | 35.8% |
| Q4 25 | 0.6% | 0.5% | ||
| Q3 25 | 0.6% | 0.1% | ||
| Q2 25 | 3.2% | 0.2% | ||
| Q1 25 | 4.0% | 0.2% | ||
| Q4 24 | 3.2% | 0.7% | ||
| Q3 24 | 0.5% | 0.2% | ||
| Q2 24 | 9.6% | 0.3% | ||
| Q1 24 | 16.0% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | -1.79× | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 1.07× | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MGNX
| Revenue From Collaborative Agreements | $20.3M | 49% |
| Contract Manufacturing | $11.3M | 27% |
| Other | $9.7M | 23% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
