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Side-by-side financial comparison of Niagen Bioscience, Inc. (NAGE) and STEM, INC. (STEM). Click either name above to swap in a different company.

STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $33.8M, roughly 1.4× Niagen Bioscience, Inc.). Niagen Bioscience, Inc. runs the higher net margin — 12.2% vs -33.9%, a 46.1% gap on every dollar of revenue. On growth, Niagen Bioscience, Inc. posted the faster year-over-year revenue change (16.2% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 23.6%).

Niagen Bioscience, formerly ChromaDex, is a bioscience сompany based in Los Angeles, California founded in 1999. The company operates in multiple sectors including reference standards, dietary supplements, and ingredient technology. Niagen Bioscience is publicly traded on the NASDAQ.

StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.

NAGE vs STEM — Head-to-Head

Bigger by revenue
STEM
STEM
1.4× larger
STEM
$47.1M
$33.8M
NAGE
Growing faster (revenue YoY)
NAGE
NAGE
+31.7% gap
NAGE
16.2%
-15.6%
STEM
Higher net margin
NAGE
NAGE
46.1% more per $
NAGE
12.2%
-33.9%
STEM
Faster 2-yr revenue CAGR
STEM
STEM
Annualised
STEM
36.1%
23.6%
NAGE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NAGE
NAGE
STEM
STEM
Revenue
$33.8M
$47.1M
Net Profit
$4.1M
$-16.0M
Gross Margin
64.1%
48.9%
Operating Margin
12.1%
-17.7%
Net Margin
12.2%
-33.9%
Revenue YoY
16.2%
-15.6%
Net Profit YoY
-42.4%
68.8%
EPS (diluted)
$0.05
$-4.40

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
NAGE
NAGE
STEM
STEM
Q4 25
$33.8M
$47.1M
Q3 25
$34.0M
$38.2M
Q2 25
$31.1M
$38.4M
Q1 25
$30.5M
$32.5M
Q4 24
$29.1M
$55.8M
Q3 24
$25.6M
$29.3M
Q2 24
$22.7M
$34.0M
Q1 24
$22.2M
$25.5M
Net Profit
NAGE
NAGE
STEM
STEM
Q4 25
$4.1M
$-16.0M
Q3 25
$4.6M
$-23.8M
Q2 25
$3.6M
$202.5M
Q1 25
$5.1M
$-25.0M
Q4 24
$7.2M
$-51.1M
Q3 24
$1.9M
$-148.3M
Q2 24
$-15.0K
$-582.3M
Q1 24
$-492.0K
$-72.3M
Gross Margin
NAGE
NAGE
STEM
STEM
Q4 25
64.1%
48.9%
Q3 25
64.5%
35.5%
Q2 25
65.0%
33.4%
Q1 25
63.4%
32.4%
Q4 24
62.5%
-4.4%
Q3 24
63.5%
21.2%
Q2 24
60.2%
27.6%
Q1 24
60.7%
-95.0%
Operating Margin
NAGE
NAGE
STEM
STEM
Q4 25
12.1%
-17.7%
Q3 25
12.5%
-33.6%
Q2 25
10.2%
-34.8%
Q1 25
15.7%
-65.0%
Q4 24
24.4%
-84.4%
Q3 24
6.3%
-493.2%
Q2 24
-1.1%
-1705.5%
Q1 24
-3.3%
-267.0%
Net Margin
NAGE
NAGE
STEM
STEM
Q4 25
12.2%
-33.9%
Q3 25
13.5%
-62.2%
Q2 25
11.6%
527.8%
Q1 25
16.6%
-76.9%
Q4 24
24.6%
-91.6%
Q3 24
7.3%
-506.3%
Q2 24
-0.1%
-1712.6%
Q1 24
-2.2%
-283.9%
EPS (diluted)
NAGE
NAGE
STEM
STEM
Q4 25
$0.05
$-4.40
Q3 25
$0.05
$-2.84
Q2 25
$0.04
$-1.79
Q1 25
$0.06
$-0.15
Q4 24
$0.10
$-15.29
Q3 24
$0.02
$-18.24
Q2 24
$0.00
$-71.81
Q1 24
$-0.01
$-0.46

Balance Sheet & Financial Strength

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

Metric
NAGE
NAGE
STEM
STEM
Cash + ST InvestmentsLiquidity on hand
$48.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$76.5M
$-249.4M
Total Assets
$106.4M
$308.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAGE
NAGE
STEM
STEM
Q4 25
$48.9M
Q3 25
$64.1M
$43.1M
Q2 25
$60.3M
$40.8M
Q1 25
$55.5M
$58.6M
Q4 24
$44.5M
$56.3M
Q3 24
$32.2M
$75.4M
Q2 24
$27.7M
$89.6M
Q1 24
$27.4M
$112.8M
Stockholders' Equity
NAGE
NAGE
STEM
STEM
Q4 25
$76.5M
$-249.4M
Q3 25
$70.7M
$-235.7M
Q2 25
$64.2M
$-214.1M
Q1 25
$55.3M
$-417.5M
Q4 24
$46.1M
$-398.4M
Q3 24
$34.4M
$-344.1M
Q2 24
$30.7M
$-203.2M
Q1 24
$29.0M
$371.6M
Total Assets
NAGE
NAGE
STEM
STEM
Q4 25
$106.4M
$308.9M
Q3 25
$98.1M
$362.6M
Q2 25
$91.5M
$379.2M
Q1 25
$81.3M
$405.1M
Q4 24
$68.3M
$437.4M
Q3 24
$56.5M
$537.8M
Q2 24
$54.0M
$691.5M
Q1 24
$54.1M
$1.3B

Cash Flow & Capital Efficiency

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

Metric
NAGE
NAGE
STEM
STEM
Operating Cash FlowLast quarter
$679.0K
$8.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAGE
NAGE
STEM
STEM
Q4 25
$679.0K
$8.2M
Q3 25
$3.7M
$11.4M
Q2 25
$1.3M
$-21.3M
Q1 25
$7.9M
$8.5M
Q4 24
$8.6M
$-14.7M
Q3 24
$3.5M
$-9.4M
Q2 24
$-264.0K
$-11.9M
Q1 24
$295.0K
$-621.0K
Cash Conversion
NAGE
NAGE
STEM
STEM
Q4 25
0.16×
Q3 25
0.81×
Q2 25
0.35×
-0.11×
Q1 25
1.56×
Q4 24
1.20×
Q3 24
1.86×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NAGE
NAGE

TRUNIAGEN Consumer Product$27.5M81%
Ingredients Segment$5.7M17%
Other$694.0K2%

STEM
STEM

Segment breakdown not available.

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