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Side-by-side financial comparison of PATRIOT NATIONAL BANCORP INC (PNBK) and Avidity Biosciences, Inc. (RNA). Click either name above to swap in a different company.

Avidity Biosciences, Inc. is the larger business by last-quarter revenue ($12.5M vs $9.5M, roughly 1.3× PATRIOT NATIONAL BANCORP INC). On growth, Avidity Biosciences, Inc. posted the faster year-over-year revenue change (434.0% vs 44.3%). PATRIOT NATIONAL BANCORP INC produced more free cash flow last quarter ($-14.3M vs $-156.9M). Over the past eight quarters, Avidity Biosciences, Inc.'s revenue compounded faster (138.5% CAGR vs 11.5%).

Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.

Eli Lilly and Company, doing business as Lilly, is an American multinational pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Its products are sold in approximately 125 countries. The company was founded in 1876 by Eli Lilly, a pharmaceutical chemist and Union army veteran during the American Civil War for whom the company was later named.

PNBK vs RNA — Head-to-Head

Bigger by revenue
RNA
RNA
1.3× larger
RNA
$12.5M
$9.5M
PNBK
Growing faster (revenue YoY)
RNA
RNA
+389.7% gap
RNA
434.0%
44.3%
PNBK
More free cash flow
PNBK
PNBK
$142.5M more FCF
PNBK
$-14.3M
$-156.9M
RNA
Faster 2-yr revenue CAGR
RNA
RNA
Annualised
RNA
138.5%
11.5%
PNBK

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
PNBK
PNBK
RNA
RNA
Revenue
$9.5M
$12.5M
Net Profit
$-174.4M
Gross Margin
Operating Margin
-36.3%
-1513.5%
Net Margin
-1398.3%
Revenue YoY
44.3%
434.0%
Net Profit YoY
-117.0%
EPS (diluted)
$0.13
$-1.27

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
PNBK
PNBK
RNA
RNA
Q4 25
$9.5M
Q3 25
$7.2M
$12.5M
Q2 25
$6.2M
$3.8M
Q1 25
$6.7M
$1.6M
Q4 24
$6.6M
$3.0M
Q3 24
$7.1M
$2.3M
Q2 24
$7.1M
$2.0M
Q1 24
$7.7M
$3.5M
Net Profit
PNBK
PNBK
RNA
RNA
Q4 25
Q3 25
$-2.7M
$-174.4M
Q2 25
$-5.0M
$-157.3M
Q1 25
$-2.8M
$-115.8M
Q4 24
$-102.3M
Q3 24
$-27.0M
$-80.4M
Q2 24
$-3.1M
$-70.8M
Q1 24
$-299.0K
$-68.9M
Operating Margin
PNBK
PNBK
RNA
RNA
Q4 25
-36.3%
Q3 25
-36.9%
-1513.5%
Q2 25
-81.2%
-4448.7%
Q1 25
-41.5%
-8360.9%
Q4 24
-205.4%
-4069.6%
Q3 24
-32.4%
-4200.9%
Q2 24
-56.5%
-4040.4%
Q1 24
-3.0%
-2178.6%
Net Margin
PNBK
PNBK
RNA
RNA
Q4 25
Q3 25
-36.8%
-1398.3%
Q2 25
-80.4%
-4089.3%
Q1 25
-41.6%
-7360.0%
Q4 24
-3439.5%
Q3 24
-378.9%
-3441.7%
Q2 24
-43.5%
-3461.8%
Q1 24
-3.9%
-1943.4%
EPS (diluted)
PNBK
PNBK
RNA
RNA
Q4 25
$0.13
Q3 25
$-0.03
$-1.27
Q2 25
$-0.06
$-1.21
Q1 25
$-0.21
$-0.90
Q4 24
$-2.40
$-0.80
Q3 24
$-6.78
$-0.65
Q2 24
$-0.77
$-0.65
Q1 24
$-0.08
$-0.79

Balance Sheet & Financial Strength

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

Metric
PNBK
PNBK
RNA
RNA
Cash + ST InvestmentsLiquidity on hand
$350.2M
Total DebtLower is stronger
$16.4M
Stockholders' EquityBook value
$94.7M
$1.9B
Total Assets
$1.1B
$2.1B
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PNBK
PNBK
RNA
RNA
Q4 25
Q3 25
$350.2M
Q2 25
$243.9M
Q1 25
$254.2M
Q4 24
$219.9M
Q3 24
$370.2M
Q2 24
$575.8M
Q1 24
$471.4M
Total Debt
PNBK
PNBK
RNA
RNA
Q4 25
$16.4M
Q3 25
Q2 25
Q1 25
Q4 24
$33.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PNBK
PNBK
RNA
RNA
Q4 25
$94.7M
Q3 25
$95.0M
$1.9B
Q2 25
$66.2M
$1.2B
Q1 25
$57.1M
$1.3B
Q4 24
$4.3M
$1.4B
Q3 24
$16.4M
$1.5B
Q2 24
$40.5M
$1.2B
Q1 24
$43.6M
$830.9M
Total Assets
PNBK
PNBK
RNA
RNA
Q4 25
$1.1B
Q3 25
$950.8M
$2.1B
Q2 25
$930.0M
$1.4B
Q1 25
$956.6M
$1.5B
Q4 24
$1.0B
$1.6B
Q3 24
$974.1M
$1.6B
Q2 24
$1.0B
$1.3B
Q1 24
$1.1B
$951.5M
Debt / Equity
PNBK
PNBK
RNA
RNA
Q4 25
0.17×
Q3 25
Q2 25
Q1 25
Q4 24
7.76×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
PNBK
PNBK
RNA
RNA
Operating Cash FlowLast quarter
$-14.2M
$-156.2M
Free Cash FlowOCF − Capex
$-14.3M
$-156.9M
FCF MarginFCF / Revenue
-150.8%
-1257.6%
Capex IntensityCapex / Revenue
1.8%
5.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-24.6M
$-592.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PNBK
PNBK
RNA
RNA
Q4 25
$-14.2M
Q3 25
$-5.2M
$-156.2M
Q2 25
$921.0K
$-199.7M
Q1 25
$-5.8M
$-124.8M
Q4 24
$2.7M
$-99.9M
Q3 24
$-2.6M
$-65.6M
Q2 24
$6.0M
$-65.0M
Q1 24
$1.8M
$-70.4M
Free Cash Flow
PNBK
PNBK
RNA
RNA
Q4 25
$-14.3M
Q3 25
$-5.3M
$-156.9M
Q2 25
$918.0K
$-203.0M
Q1 25
$-5.9M
$-128.6M
Q4 24
$2.6M
$-103.8M
Q3 24
$-2.7M
$-67.3M
Q2 24
$6.0M
$-65.5M
Q1 24
$1.8M
$-71.3M
FCF Margin
PNBK
PNBK
RNA
RNA
Q4 25
-150.8%
Q3 25
-72.8%
-1257.6%
Q2 25
14.8%
-5277.1%
Q1 25
-88.0%
-8174.3%
Q4 24
39.9%
-3491.0%
Q3 24
-37.3%
-2881.8%
Q2 24
84.6%
-3204.6%
Q1 24
23.0%
-2012.3%
Capex Intensity
PNBK
PNBK
RNA
RNA
Q4 25
1.8%
Q3 25
0.3%
5.7%
Q2 25
0.0%
86.9%
Q1 25
1.0%
238.6%
Q4 24
0.8%
131.7%
Q3 24
0.9%
72.9%
Q2 24
0.7%
26.0%
Q1 24
0.5%
25.8%

Financial Flow Comparison

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

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