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Side-by-side financial comparison of PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB) and SMARTFINANCIAL INC. (SMBK). Click either name above to swap in a different company.

SMARTFINANCIAL INC. is the larger business by last-quarter revenue ($53.8M vs $44.6M, roughly 1.2× PACIFIC BIOSCIENCES OF CALIFORNIA, INC.). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs -90.4%, a 115.8% gap on every dollar of revenue. Over the past eight quarters, SMARTFINANCIAL INC.'s revenue compounded faster (15.4% CAGR vs 7.3%).

Pacific Biosciences of California, Inc. is an American biotechnology company founded in 2004 that develops and manufactures systems for gene sequencing and some novel real time biological observation. PacBio has two principal sequencing platforms: single-molecule real-time sequencing (SMRT), based on the properties of zero-mode waveguides and sequencing by binding (SBB) chemistry, which uses native nucleotides and scarless incorporation for DNA binding and extension.

SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.

PACB vs SMBK — Head-to-Head

Bigger by revenue
SMBK
SMBK
1.2× larger
SMBK
$53.8M
$44.6M
PACB
Higher net margin
SMBK
SMBK
115.8% more per $
SMBK
25.4%
-90.4%
PACB
Faster 2-yr revenue CAGR
SMBK
SMBK
Annualised
SMBK
15.4%
7.3%
PACB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PACB
PACB
SMBK
SMBK
Revenue
$44.6M
$53.8M
Net Profit
$-40.4M
$13.7M
Gross Margin
37.1%
Operating Margin
-92.3%
Net Margin
-90.4%
25.4%
Revenue YoY
13.8%
Net Profit YoY
-1802.7%
21.6%
EPS (diluted)
$-0.11
$0.81

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
PACB
PACB
SMBK
SMBK
Q1 26
$53.8M
Q4 25
$44.6M
$53.3M
Q3 25
$38.4M
$51.1M
Q2 25
$39.8M
$49.2M
Q1 25
$37.2M
$46.8M
Q4 24
$39.2M
$46.8M
Q3 24
$40.0M
$44.2M
Q2 24
$36.0M
$40.4M
Net Profit
PACB
PACB
SMBK
SMBK
Q1 26
$13.7M
Q4 25
$-40.4M
$13.7M
Q3 25
$-38.0M
$13.7M
Q2 25
$-41.9M
$11.7M
Q1 25
$-426.1M
$11.3M
Q4 24
$2.4M
$9.6M
Q3 24
$-60.7M
$9.1M
Q2 24
$-173.3M
$8.0M
Gross Margin
PACB
PACB
SMBK
SMBK
Q1 26
Q4 25
37.1%
Q3 25
41.4%
Q2 25
36.9%
Q1 25
-3.7%
Q4 24
25.6%
Q3 24
25.0%
Q2 24
16.5%
Operating Margin
PACB
PACB
SMBK
SMBK
Q1 26
Q4 25
-92.3%
31.3%
Q3 25
-101.1%
33.2%
Q2 25
-112.8%
29.0%
Q1 25
-1154.5%
29.0%
Q4 24
-390.1%
26.5%
Q3 24
-160.3%
24.3%
Q2 24
-488.3%
25.6%
Net Margin
PACB
PACB
SMBK
SMBK
Q1 26
25.4%
Q4 25
-90.4%
25.7%
Q3 25
-98.9%
26.8%
Q2 25
-105.4%
23.8%
Q1 25
-1146.8%
24.0%
Q4 24
6.0%
20.6%
Q3 24
-151.9%
20.7%
Q2 24
-481.3%
19.8%
EPS (diluted)
PACB
PACB
SMBK
SMBK
Q1 26
$0.81
Q4 25
$-0.11
$0.81
Q3 25
$-0.13
$0.81
Q2 25
$-0.14
$0.69
Q1 25
$-1.44
$0.67
Q4 24
$-0.44
$0.57
Q3 24
$-0.22
$0.54
Q2 24
$-0.64
$0.48

Balance Sheet & Financial Strength

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

Metric
PACB
PACB
SMBK
SMBK
Cash + ST InvestmentsLiquidity on hand
$279.5M
$346.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3M
$562.2M
Total Assets
$784.1M
$5.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACB
PACB
SMBK
SMBK
Q1 26
$346.1M
Q4 25
$279.5M
$464.4M
Q3 25
$298.7M
$557.1M
Q2 25
$314.7M
$365.1M
Q1 25
$343.1M
$423.0M
Q4 24
$389.9M
$387.6M
Q3 24
$471.1M
$192.9M
Q2 24
$509.8M
$342.8M
Total Debt
PACB
PACB
SMBK
SMBK
Q1 26
Q4 25
Q3 25
$1.3M
Q2 25
$7.0M
Q1 25
$7.6M
Q4 24
$8.1M
Q3 24
$9.0M
Q2 24
$12.7M
Stockholders' Equity
PACB
PACB
SMBK
SMBK
Q1 26
$562.2M
Q4 25
$5.3M
$552.4M
Q3 25
$36.1M
$538.4M
Q2 25
$61.5M
$519.0M
Q1 25
$91.6M
$505.8M
Q4 24
$506.6M
$491.3M
Q3 24
$453.1M
$489.0M
Q2 24
$492.7M
$472.5M
Total Assets
PACB
PACB
SMBK
SMBK
Q1 26
$5.9B
Q4 25
$784.1M
$5.9B
Q3 25
$803.2M
$5.8B
Q2 25
$825.5M
$5.5B
Q1 25
$860.8M
$5.4B
Q4 24
$1.3B
$5.3B
Q3 24
$1.5B
$4.9B
Q2 24
$1.5B
$4.9B
Debt / Equity
PACB
PACB
SMBK
SMBK
Q1 26
Q4 25
Q3 25
0.00×
Q2 25
0.01×
Q1 25
0.02×
Q4 24
0.02×
Q3 24
0.02×
Q2 24
0.03×

Cash Flow & Capital Efficiency

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

Metric
PACB
PACB
SMBK
SMBK
Operating Cash FlowLast quarter
$-19.1M
Free Cash FlowOCF − Capex
$-19.9M
FCF MarginFCF / Revenue
-44.6%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-114.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACB
PACB
SMBK
SMBK
Q1 26
Q4 25
$-19.1M
$61.7M
Q3 25
$-18.7M
$16.9M
Q2 25
$-29.4M
$14.0M
Q1 25
$-44.1M
$14.3M
Q4 24
$-30.6M
$52.7M
Q3 24
$-45.5M
$12.4M
Q2 24
$-54.3M
$16.5M
Free Cash Flow
PACB
PACB
SMBK
SMBK
Q1 26
Q4 25
$-19.9M
$59.3M
Q3 25
$-18.8M
$16.6M
Q2 25
$-29.9M
$13.2M
Q1 25
$-45.4M
$13.4M
Q4 24
$-32.3M
$46.3M
Q3 24
$-46.3M
$11.3M
Q2 24
$-55.7M
$15.4M
FCF Margin
PACB
PACB
SMBK
SMBK
Q1 26
Q4 25
-44.6%
111.3%
Q3 25
-48.9%
32.4%
Q2 25
-75.3%
26.9%
Q1 25
-122.3%
28.5%
Q4 24
-82.3%
98.9%
Q3 24
-115.7%
25.7%
Q2 24
-154.8%
38.2%
Capex Intensity
PACB
PACB
SMBK
SMBK
Q1 26
Q4 25
1.9%
4.5%
Q3 25
0.2%
0.6%
Q2 25
1.4%
1.6%
Q1 25
3.7%
2.0%
Q4 24
4.1%
13.7%
Q3 24
2.0%
2.4%
Q2 24
4.1%
2.7%
Cash Conversion
PACB
PACB
SMBK
SMBK
Q1 26
Q4 25
4.50×
Q3 25
1.23×
Q2 25
1.20×
Q1 25
1.27×
Q4 24
-12.93×
5.47×
Q3 24
1.36×
Q2 24
2.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PACB
PACB

Products$39.0M87%
Service And Other$5.7M13%

SMBK
SMBK

Net Interest Income$45.9M85%
Noninterest Income$7.9M15%

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