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Side-by-side financial comparison of Orla Mining Ltd. (ORLA) and Ultragenyx Pharmaceutical Inc. (RARE). Click either name above to swap in a different company.

Orla Mining Ltd. is the larger business by last-quarter revenue ($251.2M vs $207.3M, roughly 1.2× Ultragenyx Pharmaceutical Inc.).

Orla Mining Ltd. is a Canada-based mineral exploration and development firm focused on high-grade gold and precious metal assets in North and Central America, with core projects in Mexico and Nevada, U.S. It follows sustainable responsible mining practices, collaborates with local communities, and delivers long-term value to stakeholders.

Ultragenyx Pharmaceutical Inc. is an American biopharmaceutical company involved in the research and development of novel products for treatment of rare and ultra-rare genetic diseases for which there are typically no approved treatments and high unmet medical need. The company works with multiple drug modalities including biologics, small molecule, gene therapies, and ASO and mRNAs in the disease categories of bone, endocrine, metabolic, muscle and CNS diseases.

ORLA vs RARE — Head-to-Head

Bigger by revenue
ORLA
ORLA
1.2× larger
ORLA
$251.2M
$207.3M
RARE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ORLA
ORLA
RARE
RARE
Revenue
$251.2M
$207.3M
Net Profit
$-128.6M
Gross Margin
Operating Margin
-54.7%
Net Margin
-62.0%
Revenue YoY
25.9%
Net Profit YoY
3.5%
EPS (diluted)
$-1.28

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
ORLA
ORLA
RARE
RARE
Q4 25
$207.3M
Q3 25
$251.2M
$159.9M
Q2 25
$151.8M
$166.5M
Q1 25
$139.3M
Q4 24
$164.6M
Q3 24
$584.4M
$139.5M
Q2 24
$110.4M
$147.0M
Q1 24
$108.8M
Net Profit
ORLA
ORLA
RARE
RARE
Q4 25
$-128.6M
Q3 25
$-180.4M
Q2 25
$-115.0M
Q1 25
$-151.1M
Q4 24
$-133.2M
Q3 24
$-368.9M
$-133.5M
Q2 24
$-131.6M
Q1 24
$-170.7M
Operating Margin
ORLA
ORLA
RARE
RARE
Q4 25
-54.7%
Q3 25
-106.9%
Q2 25
-64.8%
Q1 25
-102.6%
Q4 24
-74.3%
Q3 24
-94.6%
Q2 24
-79.1%
Q1 24
-151.9%
Net Margin
ORLA
ORLA
RARE
RARE
Q4 25
-62.0%
Q3 25
-112.8%
Q2 25
-69.0%
Q1 25
-108.5%
Q4 24
-80.9%
Q3 24
-63.1%
-95.7%
Q2 24
-89.5%
Q1 24
-156.8%
EPS (diluted)
ORLA
ORLA
RARE
RARE
Q4 25
$-1.28
Q3 25
$-1.81
Q2 25
$-1.17
Q1 25
$-1.57
Q4 24
$-1.34
Q3 24
$-1.40
Q2 24
$-1.52
Q1 24
$-2.03

Balance Sheet & Financial Strength

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

Metric
ORLA
ORLA
RARE
RARE
Cash + ST InvestmentsLiquidity on hand
$421.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$507.4M
$-80.0M
Total Assets
$598.3M
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORLA
ORLA
RARE
RARE
Q4 25
$421.0M
Q3 25
$202.5M
Q2 25
$176.3M
Q1 25
$127.1M
Q4 24
$174.0M
Q3 24
$150.6M
Q2 24
$96.6M
$480.7M
Q1 24
$112.3M
Stockholders' Equity
ORLA
ORLA
RARE
RARE
Q4 25
$-80.0M
Q3 25
$507.4M
$9.2M
Q2 25
$507.4M
$151.3M
Q1 25
$144.2M
Q4 24
$255.0M
Q3 24
$968.6M
$346.8M
Q2 24
$400.5M
$432.4M
Q1 24
$140.3M
Total Assets
ORLA
ORLA
RARE
RARE
Q4 25
$1.5B
Q3 25
$598.3M
$1.2B
Q2 25
$598.3M
$1.3B
Q1 25
$1.3B
Q4 24
$1.5B
Q3 24
$1.3B
$1.5B
Q2 24
$535.8M
$1.6B
Q1 24
$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
ORLA
ORLA
RARE
RARE
Operating Cash FlowLast quarter
$126.9M
$-99.8M
Free Cash FlowOCF − Capex
$-100.8M
FCF MarginFCF / Revenue
-48.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-472.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORLA
ORLA
RARE
RARE
Q4 25
$-99.8M
Q3 25
$126.9M
$-91.4M
Q2 25
$74.9M
$-108.3M
Q1 25
$-166.5M
Q4 24
$-79.3M
Q3 24
$92.4M
$-67.0M
Q2 24
$22.4M
$-77.0M
Q1 24
$-190.7M
Free Cash Flow
ORLA
ORLA
RARE
RARE
Q4 25
$-100.8M
Q3 25
$-92.7M
Q2 25
$-110.7M
Q1 25
$-167.8M
Q4 24
$-79.5M
Q3 24
$-68.6M
Q2 24
$-79.0M
Q1 24
$-193.9M
FCF Margin
ORLA
ORLA
RARE
RARE
Q4 25
-48.6%
Q3 25
-58.0%
Q2 25
-66.5%
Q1 25
-120.5%
Q4 24
-48.3%
Q3 24
-49.2%
Q2 24
-53.7%
Q1 24
-178.2%
Capex Intensity
ORLA
ORLA
RARE
RARE
Q4 25
0.5%
Q3 25
0.8%
Q2 25
1.5%
Q1 25
1.0%
Q4 24
0.1%
Q3 24
1.2%
Q2 24
1.4%
Q1 24
3.0%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ORLA
ORLA

Segment breakdown not available.

RARE
RARE

Royalty$105.6M51%
Products$101.7M49%

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