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Side-by-side financial comparison of Nuvation Bio Inc. (NUVB) and Stran & Company, Inc. (SWAG). Click either name above to swap in a different company.

Nuvation Bio Inc. is the larger business by last-quarter revenue ($41.9M vs $28.9M, roughly 1.4× Stran & Company, Inc.). On growth, Nuvation Bio Inc. posted the faster year-over-year revenue change (633.1% vs 7.2%).

Nuvation Bio Inc. is a clinical-stage biopharmaceutical company focused on researching and developing targeted oncology therapies to address unmet medical needs in difficult-to-treat cancer types. Its core pipeline features novel drug candidates targeting key oncogenic pathways, with primary operations and market presence centered in North America.

Stran & Company, Inc. provides branded promotional products, custom merchandise and integrated marketing solutions for corporate clients. It serves customers across retail, healthcare, technology, education and other sectors, supporting brand campaigns, customer engagement and employee incentive programs.

NUVB vs SWAG — Head-to-Head

Bigger by revenue
NUVB
NUVB
1.4× larger
NUVB
$41.9M
$28.9M
SWAG
Growing faster (revenue YoY)
NUVB
NUVB
+625.8% gap
NUVB
633.1%
7.2%
SWAG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NUVB
NUVB
SWAG
SWAG
Revenue
$41.9M
$28.9M
Net Profit
$243.0K
Gross Margin
30.4%
Operating Margin
-81.3%
-0.1%
Net Margin
0.8%
Revenue YoY
633.1%
7.2%
Net Profit YoY
141.5%
EPS (diluted)
$-0.11
$0.02

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
NUVB
NUVB
SWAG
SWAG
Q4 25
$41.9M
$28.9M
Q3 25
$13.1M
$26.0M
Q2 25
$32.6M
Q1 25
$28.7M
Q4 24
$5.7M
$27.0M
Q3 24
$20.1M
Q2 24
$16.7M
Q1 24
$0
$18.8M
Net Profit
NUVB
NUVB
SWAG
SWAG
Q4 25
$243.0K
Q3 25
$-55.8M
$-1.2M
Q2 25
$643.0K
Q1 25
$-393.0K
Q4 24
$-586.0K
Q3 24
$-2.0M
Q2 24
$-1.0M
Q1 24
$-14.8M
$-491.0K
Gross Margin
NUVB
NUVB
SWAG
SWAG
Q4 25
30.4%
Q3 25
74.5%
27.2%
Q2 25
30.3%
Q1 25
29.6%
Q4 24
26.2%
32.5%
Q3 24
29.5%
Q2 24
32.8%
Q1 24
29.8%
Operating Margin
NUVB
NUVB
SWAG
SWAG
Q4 25
-81.3%
-0.1%
Q3 25
-430.1%
-6.9%
Q2 25
1.2%
Q1 25
-1.9%
Q4 24
-944.5%
-3.5%
Q3 24
-10.8%
Q2 24
-6.6%
Q1 24
-3.5%
Net Margin
NUVB
NUVB
SWAG
SWAG
Q4 25
0.8%
Q3 25
-425.2%
-4.8%
Q2 25
2.0%
Q1 25
-1.4%
Q4 24
-2.2%
Q3 24
-10.1%
Q2 24
-6.1%
Q1 24
-2.6%
EPS (diluted)
NUVB
NUVB
SWAG
SWAG
Q4 25
$-0.11
$0.02
Q3 25
$-0.16
$-0.07
Q2 25
$0.03
Q1 25
$-0.02
Q4 24
$0.00
$-0.02
Q3 24
$-0.11
Q2 24
$-0.06
Q1 24
$-0.07
$-0.03

Balance Sheet & Financial Strength

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

Metric
NUVB
NUVB
SWAG
SWAG
Cash + ST InvestmentsLiquidity on hand
$529.2M
$11.6M
Total DebtLower is stronger
$47.2M
Stockholders' EquityBook value
$305.7M
$30.5M
Total Assets
$594.8M
$49.3M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NUVB
NUVB
SWAG
SWAG
Q4 25
$529.2M
$11.6M
Q3 25
$549.0M
$11.8M
Q2 25
$18.1M
Q1 25
$12.2M
Q4 24
$502.7M
$18.2M
Q3 24
$6.9M
Q2 24
$9.6M
Q1 24
$597.0M
$10.7M
Total Debt
NUVB
NUVB
SWAG
SWAG
Q4 25
$47.2M
Q3 25
$47.1M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NUVB
NUVB
SWAG
SWAG
Q4 25
$305.7M
$30.5M
Q3 25
$325.9M
$30.2M
Q2 25
$31.8M
Q1 25
$31.3M
Q4 24
$463.8M
$31.6M
Q3 24
$32.3M
Q2 24
$34.3M
Q1 24
$594.0M
$35.2M
Total Assets
NUVB
NUVB
SWAG
SWAG
Q4 25
$594.8M
$49.3M
Q3 25
$601.6M
$50.3M
Q2 25
$61.2M
Q1 25
$52.2M
Q4 24
$540.6M
$55.1M
Q3 24
$48.8M
Q2 24
$46.6M
Q1 24
$613.1M
$47.9M
Debt / Equity
NUVB
NUVB
SWAG
SWAG
Q4 25
0.15×
Q3 25
0.14×
Q2 25
Q1 25
Q4 24
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
NUVB
NUVB
SWAG
SWAG
Operating Cash FlowLast quarter
$-29.7M
$161.0K
Free Cash FlowOCF − Capex
$38.0K
FCF MarginFCF / Revenue
0.1%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
0.66×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NUVB
NUVB
SWAG
SWAG
Q4 25
$-29.7M
$161.0K
Q3 25
$-52.9M
$-5.4M
Q2 25
$6.4M
Q1 25
$-5.9M
Q4 24
$-46.3M
$1.3M
Q3 24
$-2.7M
Q2 24
$2.1M
Q1 24
$-15.7M
$2.1M
Free Cash Flow
NUVB
NUVB
SWAG
SWAG
Q4 25
$38.0K
Q3 25
$-5.9M
Q2 25
$6.3M
Q1 25
$-6.0M
Q4 24
$1.2M
Q3 24
$-2.9M
Q2 24
$1.9M
Q1 24
$1.9M
FCF Margin
NUVB
NUVB
SWAG
SWAG
Q4 25
0.1%
Q3 25
-22.6%
Q2 25
19.5%
Q1 25
-21.0%
Q4 24
4.6%
Q3 24
-14.3%
Q2 24
11.6%
Q1 24
9.9%
Capex Intensity
NUVB
NUVB
SWAG
SWAG
Q4 25
0.4%
Q3 25
1.9%
Q2 25
0.2%
Q1 25
0.4%
Q4 24
0.3%
Q3 24
0.7%
Q2 24
1.1%
Q1 24
1.0%
Cash Conversion
NUVB
NUVB
SWAG
SWAG
Q4 25
0.66×
Q3 25
Q2 25
9.99×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NUVB
NUVB

Segment breakdown not available.

SWAG
SWAG

Promotional Products Dropshipping$11.2M39%
Casino Continuity Program$6.9M24%
Promotional Products Company Owned Inventory$4.6M16%
Promotional Products Bulk Dropshipping$3.8M13%
Promotional Products Thirdparty Distributor$1.8M6%
Other$610.0K2%

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