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Side-by-side financial comparison of PUMA BIOTECHNOLOGY, INC. (PBYI) and Xeris Biopharma Holdings, Inc. (XERS). Click either name above to swap in a different company.

Xeris Biopharma Holdings, Inc. is the larger business by last-quarter revenue ($85.8M vs $75.5M, roughly 1.1× PUMA BIOTECHNOLOGY, INC.). On growth, Xeris Biopharma Holdings, Inc. posted the faster year-over-year revenue change (42.8% vs 27.7%). Over the past eight quarters, Xeris Biopharma Holdings, Inc.'s revenue compounded faster (45.3% CAGR vs 31.3%).

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

Xeris Biopharma Holdings, Inc. is a specialty biopharmaceutical company that develops and commercializes targeted therapies for rare endocrine, metabolic, and dermatological conditions. It operates across global markets, focusing on delivering accessible, easy-to-administer treatment options for underserved patient segments.

PBYI vs XERS — Head-to-Head

Bigger by revenue
XERS
XERS
1.1× larger
XERS
$85.8M
$75.5M
PBYI
Growing faster (revenue YoY)
XERS
XERS
+15.1% gap
XERS
42.8%
27.7%
PBYI
Faster 2-yr revenue CAGR
XERS
XERS
Annualised
XERS
45.3%
31.3%
PBYI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PBYI
PBYI
XERS
XERS
Revenue
$75.5M
$85.8M
Net Profit
$11.1M
Gross Margin
69.3%
Operating Margin
22.7%
19.5%
Net Margin
12.9%
Revenue YoY
27.7%
42.8%
Net Profit YoY
316.7%
EPS (diluted)
$0.26
$0.07

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
PBYI
PBYI
XERS
XERS
Q4 25
$75.5M
$85.8M
Q3 25
$54.5M
$74.4M
Q2 25
$52.4M
$71.5M
Q1 25
$46.0M
$60.1M
Q4 24
$59.1M
$60.1M
Q3 24
$80.5M
$54.3M
Q2 24
$47.1M
$48.1M
Q1 24
$43.8M
$40.6M
Net Profit
PBYI
PBYI
XERS
XERS
Q4 25
$11.1M
Q3 25
$8.8M
$621.0K
Q2 25
$5.9M
$-1.9M
Q1 25
$3.0M
$-9.2M
Q4 24
$-5.1M
Q3 24
$20.3M
$-15.7M
Q2 24
$-4.5M
$-15.0M
Q1 24
$-4.8M
$-19.0M
Gross Margin
PBYI
PBYI
XERS
XERS
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%
Operating Margin
PBYI
PBYI
XERS
XERS
Q4 25
22.7%
19.5%
Q3 25
17.6%
9.0%
Q2 25
12.7%
6.3%
Q1 25
8.7%
-5.1%
Q4 24
22.6%
2.8%
Q3 24
27.4%
-23.8%
Q2 24
-4.6%
-17.0%
Q1 24
-5.3%
-35.1%
Net Margin
PBYI
PBYI
XERS
XERS
Q4 25
12.9%
Q3 25
16.2%
0.8%
Q2 25
11.2%
-2.7%
Q1 25
6.5%
-15.3%
Q4 24
-8.5%
Q3 24
25.2%
-29.0%
Q2 24
-9.6%
-31.2%
Q1 24
-11.0%
-46.7%
EPS (diluted)
PBYI
PBYI
XERS
XERS
Q4 25
$0.26
$0.07
Q3 25
$0.17
$0.00
Q2 25
$0.12
$-0.01
Q1 25
$0.06
$-0.06
Q4 24
$0.40
$-0.02
Q3 24
$0.41
$-0.11
Q2 24
$-0.09
$-0.10
Q1 24
$-0.10
$-0.14

Balance Sheet & Financial Strength

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

Metric
PBYI
PBYI
XERS
XERS
Cash + ST InvestmentsLiquidity on hand
$97.5M
$111.0M
Total DebtLower is stronger
$22.7M
$220.3M
Stockholders' EquityBook value
$130.3M
$13.7M
Total Assets
$216.3M
$383.5M
Debt / EquityLower = less leverage
0.17×
16.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PBYI
PBYI
XERS
XERS
Q4 25
$97.5M
$111.0M
Q3 25
$94.4M
$91.6M
Q2 25
$96.0M
$59.3M
Q1 25
$93.2M
$58.4M
Q4 24
$101.0M
$71.6M
Q3 24
$96.7M
$69.4M
Q2 24
$96.8M
$77.6M
Q1 24
$107.2M
$87.4M
Total Debt
PBYI
PBYI
XERS
XERS
Q4 25
$22.7M
$220.3M
Q3 25
$34.0M
$219.5M
Q2 25
$45.3M
$218.6M
Q1 25
$56.7M
$229.8M
Q4 24
$68.0M
$232.1M
Q3 24
$79.3M
$216.2M
Q2 24
$90.7M
$230.5M
Q1 24
$102.0M
$229.7M
Stockholders' Equity
PBYI
PBYI
XERS
XERS
Q4 25
$130.3M
$13.7M
Q3 25
$115.3M
$-861.0K
Q2 25
$104.7M
$-19.3M
Q1 25
$97.1M
$-35.1M
Q4 24
$92.1M
$-29.6M
Q3 24
$71.1M
$-28.3M
Q2 24
$48.5M
$-19.3M
Q1 24
$51.0M
$-9.2M
Total Assets
PBYI
PBYI
XERS
XERS
Q4 25
$216.3M
$383.5M
Q3 25
$202.9M
$370.2M
Q2 25
$194.9M
$334.7M
Q1 25
$196.2M
$315.5M
Q4 24
$213.3M
$323.1M
Q3 24
$220.7M
$321.1M
Q2 24
$205.0M
$331.7M
Q1 24
$214.1M
$336.6M
Debt / Equity
PBYI
PBYI
XERS
XERS
Q4 25
0.17×
16.10×
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
PBYI
PBYI
XERS
XERS
Operating Cash FlowLast quarter
$14.4M
$20.0M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PBYI
PBYI
XERS
XERS
Q4 25
$14.4M
$20.0M
Q3 25
$9.7M
$18.4M
Q2 25
$14.1M
$182.0K
Q1 25
$3.6M
$-10.0M
Q4 24
$15.6M
$2.0M
Q3 24
$11.0M
$-8.3M
Q2 24
$1.0M
$-10.3M
Q1 24
$11.2M
$-20.3M
Free Cash Flow
PBYI
PBYI
XERS
XERS
Q4 25
$14.4M
Q3 25
$9.7M
Q2 25
$14.1M
Q1 25
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
FCF Margin
PBYI
PBYI
XERS
XERS
Q4 25
19.1%
Q3 25
17.7%
Q2 25
26.8%
Q1 25
7.7%
Q4 24
26.4%
Q3 24
13.7%
Q2 24
2.1%
Q1 24
Capex Intensity
PBYI
PBYI
XERS
XERS
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
PBYI
PBYI
XERS
XERS
Q4 25
1.81×
Q3 25
1.10×
29.68×
Q2 25
2.41×
Q1 25
1.21×
Q4 24
Q3 24
0.54×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

PBYI
PBYI

Segment breakdown not available.

XERS
XERS

Products$83.4M97%
Other$2.4M3%

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