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Side-by-side financial comparison of Maiden Holdings, Ltd. (MHLA) and Arcus Biosciences, Inc. (RCUS). Click either name above to swap in a different company.

Maiden Holdings, Ltd. is the larger business by last-quarter revenue ($14.0M vs $11.0M, roughly 1.3× Arcus Biosciences, Inc.). Maiden Holdings, Ltd. runs the higher net margin — -61.5% vs -963.6%, a 902.1% gap on every dollar of revenue. On growth, Maiden Holdings, Ltd. posted the faster year-over-year revenue change (-51.4% vs -52.2%). Over the past eight quarters, Arcus Biosciences, Inc.'s revenue compounded faster (4.9% CAGR vs -21.5%).

Maiden Holdings Ltd. is a Bermuda based holding company with insurance subsidiaries that provides specialty reinsurance products for the global property and casualty market. The company has operating subsidiaries in the United States, Europe, and Bermuda.

Precision BioSciences, Inc. is a publicly traded American clinical stage gene editing company headquartered in Durham, North Carolina. Founded in 2006, Precision is focused on developing both in vivo and ex vivo gene editing therapies using its proprietary "ARCUS" genome editing platform.

MHLA vs RCUS — Head-to-Head

Bigger by revenue
MHLA
MHLA
1.3× larger
MHLA
$14.0M
$11.0M
RCUS
Growing faster (revenue YoY)
MHLA
MHLA
+0.8% gap
MHLA
-51.4%
-52.2%
RCUS
Higher net margin
MHLA
MHLA
902.1% more per $
MHLA
-61.5%
-963.6%
RCUS
Faster 2-yr revenue CAGR
RCUS
RCUS
Annualised
RCUS
4.9%
-21.5%
MHLA

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
MHLA
MHLA
RCUS
RCUS
Revenue
$14.0M
$11.0M
Net Profit
$-8.6M
$-106.0M
Gross Margin
Operating Margin
-42.1%
-1036.4%
Net Margin
-61.5%
-963.6%
Revenue YoY
-51.4%
-52.2%
Net Profit YoY
-692.5%
-12.8%
EPS (diluted)
$-0.09
$-0.88

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
MHLA
MHLA
RCUS
RCUS
Q4 25
$11.0M
Q3 25
$6.0M
Q2 25
$8.0M
Q1 25
$14.0M
$8.0M
Q4 24
$11.6M
$23.0M
Q3 24
$14.5M
$7.0M
Q2 24
$20.5M
$11.0M
Q1 24
$28.9M
$10.0M
Net Profit
MHLA
MHLA
RCUS
RCUS
Q4 25
$-106.0M
Q3 25
$-135.0M
Q2 25
$0
Q1 25
$-8.6M
$-112.0M
Q4 24
$-158.0M
$-94.0M
Q3 24
$-34.5M
$-92.0M
Q2 24
$-10.0M
$-93.0M
Q1 24
$1.5M
$-4.0M
Operating Margin
MHLA
MHLA
RCUS
RCUS
Q4 25
-1036.4%
Q3 25
-2366.7%
Q2 25
-100.0%
Q1 25
-42.1%
-1525.0%
Q4 24
2103.0%
-447.8%
Q3 24
-243.1%
-1500.0%
Q2 24
-53.7%
-963.6%
Q1 24
3.0%
-160.0%
Net Margin
MHLA
MHLA
RCUS
RCUS
Q4 25
-963.6%
Q3 25
-2250.0%
Q2 25
Q1 25
-61.5%
-1400.0%
Q4 24
2125.8%
-408.7%
Q3 24
-238.1%
-1314.3%
Q2 24
-48.7%
-845.5%
Q1 24
5.0%
-40.0%
EPS (diluted)
MHLA
MHLA
RCUS
RCUS
Q4 25
$-0.88
Q3 25
$-1.27
Q2 25
$0.00
Q1 25
$-0.09
$-1.14
Q4 24
$-1.57
$-1.07
Q3 24
$-0.35
$-1.00
Q2 24
$-0.10
$-1.02
Q1 24
$0.01
$-0.05

Balance Sheet & Financial Strength

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

Metric
MHLA
MHLA
RCUS
RCUS
Cash + ST InvestmentsLiquidity on hand
$28.7M
$222.0M
Total DebtLower is stronger
$254.8M
$99.0M
Stockholders' EquityBook value
$37.6M
$631.0M
Total Assets
$1.2B
$1.1B
Debt / EquityLower = less leverage
6.78×
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MHLA
MHLA
RCUS
RCUS
Q4 25
$222.0M
Q3 25
$238.0M
Q2 25
$248.0M
Q1 25
$28.7M
$192.0M
Q4 24
$25.7M
$150.0M
Q3 24
$110.0M
$201.0M
Q2 24
$24.8M
$156.0M
Q1 24
$20.7M
$185.0M
Total Debt
MHLA
MHLA
RCUS
RCUS
Q4 25
$99.0M
Q3 25
$98.0M
Q2 25
$97.0M
Q1 25
$254.8M
$48.0M
Q4 24
$254.8M
$48.0M
Q3 24
$254.7M
$47.0M
Q2 24
$254.7M
Q1 24
$254.6M
Stockholders' Equity
MHLA
MHLA
RCUS
RCUS
Q4 25
$631.0M
Q3 25
$436.0M
Q2 25
$549.0M
Q1 25
$37.6M
$531.0M
Q4 24
$45.2M
$485.0M
Q3 24
$208.2M
$565.0M
Q2 24
$238.0M
$635.0M
Q1 24
$249.4M
$707.0M
Total Assets
MHLA
MHLA
RCUS
RCUS
Q4 25
$1.1B
Q3 25
$974.0M
Q2 25
$1.1B
Q1 25
$1.2B
$1.2B
Q4 24
$1.3B
$1.1B
Q3 24
$1.4B
$1.3B
Q2 24
$1.4B
$1.2B
Q1 24
$1.5B
$1.3B
Debt / Equity
MHLA
MHLA
RCUS
RCUS
Q4 25
0.16×
Q3 25
0.22×
Q2 25
0.18×
Q1 25
6.78×
0.09×
Q4 24
5.64×
0.10×
Q3 24
1.22×
0.08×
Q2 24
1.07×
Q1 24
1.02×

Cash Flow & Capital Efficiency

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

Metric
MHLA
MHLA
RCUS
RCUS
Operating Cash FlowLast quarter
$-21.1M
$-120.0M
Free Cash FlowOCF − Capex
$-121.0M
FCF MarginFCF / Revenue
-1100.0%
Capex IntensityCapex / Revenue
9.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MHLA
MHLA
RCUS
RCUS
Q4 25
$-120.0M
Q3 25
$-97.0M
Q2 25
$-133.0M
Q1 25
$-21.1M
$-132.0M
Q4 24
$-67.4M
$-100.0M
Q3 24
$-3.8M
$26.0M
Q2 24
$-23.4M
$-94.0M
Q1 24
$8.0M
$-2.0M
Free Cash Flow
MHLA
MHLA
RCUS
RCUS
Q4 25
$-121.0M
Q3 25
Q2 25
Q1 25
$-133.0M
Q4 24
$-101.0M
Q3 24
$25.0M
Q2 24
Q1 24
$-6.0M
FCF Margin
MHLA
MHLA
RCUS
RCUS
Q4 25
-1100.0%
Q3 25
Q2 25
Q1 25
-1662.5%
Q4 24
-439.1%
Q3 24
357.1%
Q2 24
Q1 24
-60.0%
Capex Intensity
MHLA
MHLA
RCUS
RCUS
Q4 25
9.1%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
12.5%
Q4 24
4.3%
Q3 24
14.3%
Q2 24
0.0%
Q1 24
40.0%
Cash Conversion
MHLA
MHLA
RCUS
RCUS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
5.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MHLA
MHLA

Segment breakdown not available.

RCUS
RCUS

Other$5.0M45%
Other Collaboration Revenue$4.0M36%
Access Rights And Option Continuation Periods$2.0M18%

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