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Side-by-side financial comparison of PUMA BIOTECHNOLOGY, INC. (PBYI) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $51.6M, roughly 1.5× Velocity Financial, Inc.). On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs 27.7%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $14.4M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% CAGR vs 31.3%).
Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
PBYI vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.5M | $51.6M |
| Net Profit | — | $34.8M |
| Gross Margin | 69.3% | — |
| Operating Margin | 22.7% | 97.0% |
| Net Margin | — | 67.3% |
| Revenue YoY | 27.7% | 32.8% |
| Net Profit YoY | — | 67.0% |
| EPS (diluted) | $0.26 | $0.90 |
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.
| Q4 25 | $75.5M | $51.6M | ||
| Q3 25 | $54.5M | $49.1M | ||
| Q2 25 | $52.4M | $47.6M | ||
| Q1 25 | $46.0M | $37.5M | ||
| Q4 24 | $59.1M | $38.9M | ||
| Q3 24 | $80.5M | $35.1M | ||
| Q2 24 | $47.1M | $32.4M | ||
| Q1 24 | $43.8M | $29.5M |
| Q4 25 | — | $34.8M | ||
| Q3 25 | $8.8M | $25.4M | ||
| Q2 25 | $5.9M | $26.0M | ||
| Q1 25 | $3.0M | $18.9M | ||
| Q4 24 | — | $20.8M | ||
| Q3 24 | $20.3M | $15.8M | ||
| Q2 24 | $-4.5M | $14.8M | ||
| Q1 24 | $-4.8M | $17.3M |
| Q4 25 | 69.3% | — | ||
| Q3 25 | 77.7% | — | ||
| Q2 25 | 76.5% | — | ||
| Q1 25 | 77.1% | — | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 63.9% | — | ||
| Q2 24 | 77.4% | — | ||
| Q1 24 | 75.5% | — |
| Q4 25 | 22.7% | 97.0% | ||
| Q3 25 | 17.6% | 72.1% | ||
| Q2 25 | 12.7% | 71.3% | ||
| Q1 25 | 8.7% | 71.7% | ||
| Q4 24 | 22.6% | 82.5% | ||
| Q3 24 | 27.4% | 60.6% | ||
| Q2 24 | -4.6% | 61.3% | ||
| Q1 24 | -5.3% | 78.8% |
| Q4 25 | — | 67.3% | ||
| Q3 25 | 16.2% | 51.7% | ||
| Q2 25 | 11.2% | 54.6% | ||
| Q1 25 | 6.5% | 50.4% | ||
| Q4 24 | — | 53.5% | ||
| Q3 24 | 25.2% | 45.1% | ||
| Q2 24 | -9.6% | 45.6% | ||
| Q1 24 | -11.0% | 58.5% |
| Q4 25 | $0.26 | $0.90 | ||
| Q3 25 | $0.17 | $0.65 | ||
| Q2 25 | $0.12 | $0.69 | ||
| Q1 25 | $0.06 | $0.51 | ||
| Q4 24 | $0.40 | $0.56 | ||
| Q3 24 | $0.41 | $0.44 | ||
| Q2 24 | $-0.09 | $0.42 | ||
| Q1 24 | $-0.10 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $97.5M | $92.1M |
| Total DebtLower is stronger | $22.7M | — |
| Stockholders' EquityBook value | $130.3M | $672.5M |
| Total Assets | $216.3M | $7.4B |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $97.5M | $92.1M | ||
| Q3 25 | $94.4M | $99.0M | ||
| Q2 25 | $96.0M | $79.6M | ||
| Q1 25 | $93.2M | $51.7M | ||
| Q4 24 | $101.0M | $49.9M | ||
| Q3 24 | $96.7M | $44.1M | ||
| Q2 24 | $96.8M | $47.4M | ||
| Q1 24 | $107.2M | $34.8M |
| Q4 25 | $22.7M | — | ||
| Q3 25 | $34.0M | — | ||
| Q2 25 | $45.3M | — | ||
| Q1 25 | $56.7M | — | ||
| Q4 24 | $68.0M | — | ||
| Q3 24 | $79.3M | — | ||
| Q2 24 | $90.7M | — | ||
| Q1 24 | $102.0M | — |
| Q4 25 | $130.3M | $672.5M | ||
| Q3 25 | $115.3M | $634.3M | ||
| Q2 25 | $104.7M | $597.9M | ||
| Q1 25 | $97.1M | $563.2M | ||
| Q4 24 | $92.1M | $516.9M | ||
| Q3 24 | $71.1M | $484.6M | ||
| Q2 24 | $48.5M | $471.3M | ||
| Q1 24 | $51.0M | $452.9M |
| Q4 25 | $216.3M | $7.4B | ||
| Q3 25 | $202.9M | $7.0B | ||
| Q2 25 | $194.9M | $6.5B | ||
| Q1 25 | $196.2M | $6.0B | ||
| Q4 24 | $213.3M | $5.5B | ||
| Q3 24 | $220.7M | $5.2B | ||
| Q2 24 | $205.0M | $4.9B | ||
| Q1 24 | $214.1M | $4.6B |
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.87× | — | ||
| Q1 24 | 2.00× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $14.4M | $18.2M |
| Free Cash FlowOCF − Capex | $14.4M | $17.9M |
| FCF MarginFCF / Revenue | 19.1% | 34.6% |
| Capex IntensityCapex / Revenue | 0.0% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $41.7M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $18.2M | ||
| Q3 25 | $9.7M | $11.5M | ||
| Q2 25 | $14.1M | $7.7M | ||
| Q1 25 | $3.6M | $3.5M | ||
| Q4 24 | $15.6M | $37.8M | ||
| Q3 24 | $11.0M | $-17.6M | ||
| Q2 24 | $1.0M | $11.5M | ||
| Q1 24 | $11.2M | $10.6M |
| Q4 25 | $14.4M | $17.9M | ||
| Q3 25 | $9.7M | $11.4M | ||
| Q2 25 | $14.1M | $7.6M | ||
| Q1 25 | $3.6M | $3.5M | ||
| Q4 24 | $15.6M | $37.5M | ||
| Q3 24 | $11.0M | $-17.6M | ||
| Q2 24 | $1.0M | $11.4M | ||
| Q1 24 | — | $10.5M |
| Q4 25 | 19.1% | 34.6% | ||
| Q3 25 | 17.7% | 23.2% | ||
| Q2 25 | 26.8% | 15.9% | ||
| Q1 25 | 7.7% | 9.2% | ||
| Q4 24 | 26.4% | 96.4% | ||
| Q3 24 | 13.7% | -50.3% | ||
| Q2 24 | 2.1% | 35.1% | ||
| Q1 24 | — | 35.8% |
| Q4 25 | 0.0% | 0.5% | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.0% | 0.7% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | 0.0% | 0.3% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | 1.10× | 0.45× | ||
| Q2 25 | 2.41× | 0.29× | ||
| Q1 25 | 1.21× | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 0.54× | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PBYI
Segment breakdown not available.
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
