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Side-by-side financial comparison of Orion Properties Inc. (ONL) and Viridian Therapeutics, Inc.\DE (VRDN). Click either name above to swap in a different company.

Viridian Therapeutics, Inc.\DE is the larger business by last-quarter revenue ($70.6M vs $36.3M, roughly 1.9× Orion Properties Inc.). Orion Properties Inc. runs the higher net margin — -37.4% vs -49.0%, a 11.6% gap on every dollar of revenue. On growth, Viridian Therapeutics, Inc.\DE posted the faster year-over-year revenue change (81958.1% vs -4.6%).

Viridian Therapeutics is a clinical-stage biotechnology firm developing novel disease-modifying therapies for rare, serious autoimmune and inflammatory diseases. Its lead pipeline candidate targets thyroid eye disease, a debilitating orbital disorder, with primary market focus on North America and Europe.

ONL vs VRDN — Head-to-Head

Bigger by revenue
VRDN
VRDN
1.9× larger
VRDN
$70.6M
$36.3M
ONL
Growing faster (revenue YoY)
VRDN
VRDN
+81962.7% gap
VRDN
81958.1%
-4.6%
ONL
Higher net margin
ONL
ONL
11.6% more per $
ONL
-37.4%
-49.0%
VRDN

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
ONL
ONL
VRDN
VRDN
Revenue
$36.3M
$70.6M
Net Profit
$-13.6M
$-34.6M
Gross Margin
Operating Margin
-9.3%
-56.7%
Net Margin
-37.4%
-49.0%
Revenue YoY
-4.6%
81958.1%
Net Profit YoY
-45.0%
54.9%
EPS (diluted)
$-0.24

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
ONL
ONL
VRDN
VRDN
Q1 26
$36.3M
Q4 25
$35.2M
Q3 25
$37.1M
$70.6M
Q2 25
$37.3M
Q1 25
$38.0M
Q4 24
$38.4M
Q3 24
$39.2M
Q2 24
$40.1M
Net Profit
ONL
ONL
VRDN
VRDN
Q1 26
$-13.6M
Q4 25
$-35.8M
Q3 25
$-69.0M
$-34.6M
Q2 25
$-25.1M
Q1 25
$-9.4M
Q4 24
$-32.8M
Q3 24
$-10.2M
Q2 24
$-33.8M
Operating Margin
ONL
ONL
VRDN
VRDN
Q1 26
-9.3%
Q4 25
-101.5%
Q3 25
-185.8%
-56.7%
Q2 25
-67.1%
Q1 25
-24.4%
Q4 24
-85.4%
Q3 24
-25.9%
Q2 24
-84.1%
Net Margin
ONL
ONL
VRDN
VRDN
Q1 26
-37.4%
Q4 25
-101.7%
Q3 25
-186.0%
-49.0%
Q2 25
-67.3%
Q1 25
-24.6%
Q4 24
-85.4%
Q3 24
-26.1%
Q2 24
-84.2%
EPS (diluted)
ONL
ONL
VRDN
VRDN
Q1 26
$-0.24
Q4 25
$-0.63
Q3 25
$-1.23
Q2 25
$-0.45
Q1 25
$-0.17
Q4 24
$-0.59
Q3 24
$-0.18
Q2 24
$-0.60

Balance Sheet & Financial Strength

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

Metric
ONL
ONL
VRDN
VRDN
Cash + ST InvestmentsLiquidity on hand
$10.3M
$490.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$608.5M
$503.0M
Total Assets
$1.2B
$577.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONL
ONL
VRDN
VRDN
Q1 26
$10.3M
Q4 25
$22.4M
Q3 25
$32.6M
$490.9M
Q2 25
$17.4M
Q1 25
$9.4M
Q4 24
$15.6M
Q3 24
$16.6M
Q2 24
$24.2M
Total Debt
ONL
ONL
VRDN
VRDN
Q1 26
Q4 25
$465.0M
Q3 25
$483.0M
Q2 25
$483.0M
Q1 25
$505.0M
Q4 24
$492.0M
Q3 24
$485.0M
Q2 24
$462.0M
Stockholders' Equity
ONL
ONL
VRDN
VRDN
Q1 26
$608.5M
Q4 25
$623.2M
Q3 25
$658.8M
$503.0M
Q2 25
$728.0M
Q1 25
$753.5M
Q4 24
$763.9M
Q3 24
$800.9M
Q2 24
$816.1M
Total Assets
ONL
ONL
VRDN
VRDN
Q1 26
$1.2B
Q4 25
$1.2B
Q3 25
$1.2B
$577.1M
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.3B
Debt / Equity
ONL
ONL
VRDN
VRDN
Q1 26
Q4 25
0.75×
Q3 25
0.73×
Q2 25
0.66×
Q1 25
0.67×
Q4 24
0.64×
Q3 24
0.61×
Q2 24
0.57×

Cash Flow & Capital Efficiency

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

Metric
ONL
ONL
VRDN
VRDN
Operating Cash FlowLast quarter
$-84.6M
Free Cash FlowOCF − Capex
$-84.7M
FCF MarginFCF / Revenue
-120.1%
Capex IntensityCapex / Revenue
51.4%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ONL
ONL
VRDN
VRDN
Q1 26
Q4 25
$23.6M
Q3 25
$5.7M
$-84.6M
Q2 25
$11.6M
Q1 25
$-2.2M
Q4 24
$54.3M
Q3 24
$13.8M
Q2 24
$17.0M
Free Cash Flow
ONL
ONL
VRDN
VRDN
Q1 26
Q4 25
Q3 25
$-84.7M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
ONL
ONL
VRDN
VRDN
Q1 26
Q4 25
Q3 25
-120.1%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
ONL
ONL
VRDN
VRDN
Q1 26
51.4%
Q4 25
Q3 25
0.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ONL
ONL

Rental$36.1M100%
Fee income from unconsolidated joint venture$137.0K0%

VRDN
VRDN

Segment breakdown not available.

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