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Side-by-side financial comparison of MICROVISION, INC. (MVIS) and Rallybio Corp (RLYB). Click either name above to swap in a different company.

MICROVISION, INC. is the larger business by last-quarter revenue ($223.0K vs $222.0K, roughly 1.0× Rallybio Corp). On growth, Rallybio Corp posted the faster year-over-year revenue change (484.2% vs -86.5%).

MicroVision Inc. is a technology company specializing in advanced LiDAR sensors, miniature display solutions, and perception software. Its core products serve automotive ADAS, augmented reality devices, consumer electronics, and industrial automation markets, delivering high-precision, low-power sensing technologies for next-generation smart applications.

Rallybio Corp is a clinical-stage biotechnology company dedicated to developing transformative therapies for patients with severe, rare diseases with high unmet medical needs. Its core development pipeline targets hematologic disorders, fetal and neonatal hemolytic disease, and complement-mediated conditions, serving patient populations primarily in North America and Europe.

MVIS vs RLYB — Head-to-Head

Bigger by revenue
MVIS
MVIS
1.0× larger
MVIS
$223.0K
$222.0K
RLYB
Growing faster (revenue YoY)
RLYB
RLYB
+570.7% gap
RLYB
484.2%
-86.5%
MVIS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MVIS
MVIS
RLYB
RLYB
Revenue
$223.0K
$222.0K
Net Profit
$-5.9M
Gross Margin
Operating Margin
-2888.3%
Net Margin
-2636.0%
Revenue YoY
-86.5%
484.2%
Net Profit YoY
-21.2%
47.0%
EPS (diluted)
$-1.52

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
MVIS
MVIS
RLYB
RLYB
Q4 25
$223.0K
$222.0K
Q3 25
$241.0K
$212.0K
Q2 25
$155.0K
$212.0K
Q1 25
$589.0K
$212.0K
Q4 24
$1.6M
$38.0K
Q3 24
$190.0K
$299.0K
Q2 24
$1.9M
$299.0K
Q1 24
$956.0K
$0
Net Profit
MVIS
MVIS
RLYB
RLYB
Q4 25
$-5.9M
Q3 25
$-14.2M
$16.0M
Q2 25
$-14.2M
$-9.7M
Q1 25
$-28.8M
$-9.4M
Q4 24
$-31.2M
$-11.0M
Q3 24
$-15.5M
$-11.5M
Q2 24
$-23.9M
$-16.2M
Q1 24
$-26.3M
$-19.0M
Gross Margin
MVIS
MVIS
RLYB
RLYB
Q4 25
Q3 25
Q2 25
Q1 25
6.6%
Q4 24
-149.5%
Q3 24
Q2 24
18.2%
Q1 24
-33.6%
Operating Margin
MVIS
MVIS
RLYB
RLYB
Q4 25
-2888.3%
Q3 25
-5278.4%
-3266.5%
Q2 25
-9455.5%
-4743.9%
Q1 25
-2383.7%
-4561.3%
Q4 24
-1119.5%
-30547.4%
Q3 24
-8266.3%
-4035.5%
Q2 24
-1296.4%
-5697.3%
Q1 24
-2793.9%
Net Margin
MVIS
MVIS
RLYB
RLYB
Q4 25
-2636.0%
Q3 25
-5899.2%
7554.7%
Q2 25
-9180.0%
-4576.9%
Q1 25
-4886.1%
-4452.4%
Q4 24
-1888.2%
-29063.2%
Q3 24
-8166.8%
-3834.8%
Q2 24
-1259.5%
-5430.1%
Q1 24
-2752.4%
EPS (diluted)
MVIS
MVIS
RLYB
RLYB
Q4 25
$-1.52
Q3 25
$-0.05
$0.36
Q2 25
$-0.06
$-0.22
Q1 25
$-0.12
$-0.21
Q4 24
$-0.15
$-9.51
Q3 24
$-0.07
$-0.26
Q2 24
$-0.11
$-0.37
Q1 24
$-0.13
$-0.47

Balance Sheet & Financial Strength

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

Metric
MVIS
MVIS
RLYB
RLYB
Cash + ST InvestmentsLiquidity on hand
$74.9M
$54.7M
Total DebtLower is stronger
$19.2M
Stockholders' EquityBook value
$55.5M
$58.0M
Total Assets
$103.1M
$62.3M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MVIS
MVIS
RLYB
RLYB
Q4 25
$74.9M
$54.7M
Q3 25
$99.5M
$59.3M
Q2 25
$91.4M
$45.7M
Q1 25
$69.0M
$54.5M
Q4 24
$74.7M
$65.5M
Q3 24
$43.2M
$75.1M
Q2 24
$56.6M
$88.6M
Q1 24
$73.1M
$94.2M
Total Debt
MVIS
MVIS
RLYB
RLYB
Q4 25
$19.2M
Q3 25
$29.0M
Q2 25
$32.3M
Q1 25
$30.1M
Q4 24
$33.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MVIS
MVIS
RLYB
RLYB
Q4 25
$55.5M
$58.0M
Q3 25
$90.7M
$63.0M
Q2 25
$77.1M
$46.0M
Q1 25
$53.2M
$54.1M
Q4 24
$48.8M
$61.7M
Q3 24
$65.9M
$70.8M
Q2 24
$78.7M
$80.0M
Q1 24
$93.8M
$89.2M
Total Assets
MVIS
MVIS
RLYB
RLYB
Q4 25
$103.1M
$62.3M
Q3 25
$150.8M
$67.7M
Q2 25
$140.6M
$51.0M
Q1 25
$116.7M
$58.0M
Q4 24
$121.2M
$68.1M
Q3 24
$88.3M
$79.0M
Q2 24
$103.4M
$92.4M
Q1 24
$124.2M
$99.4M
Debt / Equity
MVIS
MVIS
RLYB
RLYB
Q4 25
0.35×
Q3 25
0.32×
Q2 25
0.42×
Q1 25
0.57×
Q4 24
0.68×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
MVIS
MVIS
RLYB
RLYB
Operating Cash FlowLast quarter
$-58.7M
$-4.7M
Free Cash FlowOCF − Capex
$-59.4M
FCF MarginFCF / Revenue
-26636.3%
Capex IntensityCapex / Revenue
304.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-103.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MVIS
MVIS
RLYB
RLYB
Q4 25
$-58.7M
$-4.7M
Q3 25
$-16.5M
$-6.5M
Q2 25
$-12.7M
$-8.4M
Q1 25
$-14.1M
$-10.2M
Q4 24
$-15.1M
$-9.9M
Q3 24
$-14.1M
$-13.5M
Q2 24
$-18.6M
$-10.4M
Q1 24
$-20.8M
$-15.5M
Free Cash Flow
MVIS
MVIS
RLYB
RLYB
Q4 25
$-59.4M
Q3 25
$-16.6M
Q2 25
$-12.9M
Q1 25
$-14.2M
Q4 24
$-15.2M
Q3 24
$-14.1M
Q2 24
$-18.8M
Q1 24
$-20.9M
FCF Margin
MVIS
MVIS
RLYB
RLYB
Q4 25
-26636.3%
Q3 25
-6894.6%
Q2 25
-8346.5%
Q1 25
-2410.4%
Q4 24
-918.7%
Q3 24
-7421.1%
Q2 24
-989.5%
Q1 24
-2183.4%
Capex Intensity
MVIS
MVIS
RLYB
RLYB
Q4 25
304.5%
Q3 25
53.1%
Q2 25
134.2%
Q1 25
16.8%
Q4 24
6.2%
Q3 24
4.7%
Q2 24
8.7%
Q1 24
11.9%
Cash Conversion
MVIS
MVIS
RLYB
RLYB
Q4 25
Q3 25
-0.41×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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