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Side-by-side financial comparison of OmniAb, Inc. (OABI) and Avidity Biosciences, Inc. (RNA). Click either name above to swap in a different company.

Avidity Biosciences, Inc. is the larger business by last-quarter revenue ($12.5M vs $8.4M, roughly 1.5× OmniAb, Inc.). OmniAb, Inc. runs the higher net margin — -169.3% vs -1398.3%, a 1229.1% gap on every dollar of revenue. On growth, Avidity Biosciences, Inc. posted the faster year-over-year revenue change (434.0% vs -22.5%). OmniAb, Inc. produced more free cash flow last quarter ($-5.7M vs $-156.9M). Over the past eight quarters, Avidity Biosciences, Inc.'s revenue compounded faster (138.5% CAGR vs -51.3%).

OmniAb, Inc. is a global biotechnology firm specializing in proprietary transgenic animal platforms and antibody discovery solutions. It partners with pharma and biotech clients to accelerate fully human therapeutic antibody development for oncology, autoimmune diseases and high-need medical areas across key global markets.

Eli Lilly and Company, doing business as Lilly, is an American multinational pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Its products are sold in approximately 125 countries. The company was founded in 1876 by Eli Lilly, a pharmaceutical chemist and Union army veteran during the American Civil War for whom the company was later named.

OABI vs RNA — Head-to-Head

Bigger by revenue
RNA
RNA
1.5× larger
RNA
$12.5M
$8.4M
OABI
Growing faster (revenue YoY)
RNA
RNA
+456.5% gap
RNA
434.0%
-22.5%
OABI
Higher net margin
OABI
OABI
1229.1% more per $
OABI
-169.3%
-1398.3%
RNA
More free cash flow
OABI
OABI
$151.2M more FCF
OABI
$-5.7M
$-156.9M
RNA
Faster 2-yr revenue CAGR
RNA
RNA
Annualised
RNA
138.5%
-51.3%
OABI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
OABI
OABI
RNA
RNA
Revenue
$8.4M
$12.5M
Net Profit
$-14.2M
$-174.4M
Gross Margin
Operating Margin
-188.2%
-1513.5%
Net Margin
-169.3%
-1398.3%
Revenue YoY
-22.5%
434.0%
Net Profit YoY
-8.5%
-117.0%
EPS (diluted)
$-0.11
$-1.27

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
OABI
OABI
RNA
RNA
Q4 25
$8.4M
Q3 25
$12.5M
Q2 25
$3.8M
Q1 25
$1.6M
Q4 24
$10.8M
$3.0M
Q3 24
$2.3M
Q2 24
$7.6M
$2.0M
Q1 24
$3.5M
Net Profit
OABI
OABI
RNA
RNA
Q4 25
$-14.2M
Q3 25
$-174.4M
Q2 25
$-157.3M
Q1 25
$-115.8M
Q4 24
$-13.1M
$-102.3M
Q3 24
$-80.4M
Q2 24
$-13.6M
$-70.8M
Q1 24
$-68.9M
Operating Margin
OABI
OABI
RNA
RNA
Q4 25
-188.2%
Q3 25
-1513.5%
Q2 25
-4448.7%
Q1 25
-8360.9%
Q4 24
-147.0%
-4069.6%
Q3 24
-4200.9%
Q2 24
-214.1%
-4040.4%
Q1 24
-2178.6%
Net Margin
OABI
OABI
RNA
RNA
Q4 25
-169.3%
Q3 25
-1398.3%
Q2 25
-4089.3%
Q1 25
-7360.0%
Q4 24
-121.0%
-3439.5%
Q3 24
-3441.7%
Q2 24
-179.0%
-3461.8%
Q1 24
-1943.4%
EPS (diluted)
OABI
OABI
RNA
RNA
Q4 25
$-0.11
Q3 25
$-1.27
Q2 25
$-1.21
Q1 25
$-0.90
Q4 24
$-0.13
$-0.80
Q3 24
$-0.65
Q2 24
$-0.13
$-0.65
Q1 24
$-0.79

Balance Sheet & Financial Strength

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

Metric
OABI
OABI
RNA
RNA
Cash + ST InvestmentsLiquidity on hand
$25.5M
$350.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$267.0M
$1.9B
Total Assets
$300.9M
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OABI
OABI
RNA
RNA
Q4 25
$25.5M
Q3 25
$350.2M
Q2 25
$243.9M
Q1 25
$254.2M
Q4 24
$27.6M
$219.9M
Q3 24
$370.2M
Q2 24
$20.8M
$575.8M
Q1 24
$471.4M
Stockholders' Equity
OABI
OABI
RNA
RNA
Q4 25
$267.0M
Q3 25
$1.9B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$287.6M
$1.4B
Q3 24
$1.5B
Q2 24
$294.2M
$1.2B
Q1 24
$830.9M
Total Assets
OABI
OABI
RNA
RNA
Q4 25
$300.9M
Q3 25
$2.1B
Q2 25
$1.4B
Q1 25
$1.5B
Q4 24
$325.6M
$1.6B
Q3 24
$1.6B
Q2 24
$337.3M
$1.3B
Q1 24
$951.5M

Cash Flow & Capital Efficiency

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

Metric
OABI
OABI
RNA
RNA
Operating Cash FlowLast quarter
$-5.7M
$-156.2M
Free Cash FlowOCF − Capex
$-5.7M
$-156.9M
FCF MarginFCF / Revenue
-67.8%
-1257.6%
Capex IntensityCapex / Revenue
0.1%
5.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-31.8M
$-592.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OABI
OABI
RNA
RNA
Q4 25
$-5.7M
Q3 25
$-156.2M
Q2 25
$-199.7M
Q1 25
$-124.8M
Q4 24
$-3.9M
$-99.9M
Q3 24
$-65.6M
Q2 24
$-12.2M
$-65.0M
Q1 24
$-70.4M
Free Cash Flow
OABI
OABI
RNA
RNA
Q4 25
$-5.7M
Q3 25
$-156.9M
Q2 25
$-203.0M
Q1 25
$-128.6M
Q4 24
$-3.9M
$-103.8M
Q3 24
$-67.3M
Q2 24
$-12.9M
$-65.5M
Q1 24
$-71.3M
FCF Margin
OABI
OABI
RNA
RNA
Q4 25
-67.8%
Q3 25
-1257.6%
Q2 25
-5277.1%
Q1 25
-8174.3%
Q4 24
-36.3%
-3491.0%
Q3 24
-2881.8%
Q2 24
-169.9%
-3204.6%
Q1 24
-2012.3%
Capex Intensity
OABI
OABI
RNA
RNA
Q4 25
0.1%
Q3 25
5.7%
Q2 25
86.9%
Q1 25
238.6%
Q4 24
0.4%
131.7%
Q3 24
72.9%
Q2 24
9.9%
26.0%
Q1 24
25.8%

Financial Flow Comparison

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

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