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Side-by-side financial comparison of Q32 Bio Inc. (QTTB) and Roivant Sciences Ltd. (ROIV). Click either name above to swap in a different company.

Roivant Sciences Ltd. is the larger business by last-quarter revenue ($2.0M vs $1.9M, roughly 1.0× Q32 Bio Inc.). Q32 Bio Inc. runs the higher net margin — 2991.2% vs -13301.2%, a 16292.4% gap on every dollar of revenue.

Q32 Bio Inc. is a clinical-stage biotechnology company focused on developing targeted antibody-based immunotherapies for autoimmune disorders, inflammatory conditions and rare immunological diseases with unmet medical needs, operating primarily across North America and European markets.

Roivant Sciences Ltd. is an American multinational healthcare company focused on applying technology to drug development and building subsidiary life sciences and health technology companies. It was founded in 2014 by Vivek Ramaswamy and is currently headed by CEO Matt Gline. Roivant maintains its headquarters in New York City as well as major offices in the biotech hubs of Boston and Basel.

QTTB vs ROIV — Head-to-Head

Bigger by revenue
ROIV
ROIV
1.0× larger
ROIV
$2.0M
$1.9M
QTTB
Higher net margin
QTTB
QTTB
16292.4% more per $
QTTB
2991.2%
-13301.2%
ROIV

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
QTTB
QTTB
ROIV
ROIV
Revenue
$1.9M
$2.0M
Net Profit
$57.7M
$-265.9M
Gross Margin
Operating Margin
-16966.1%
Net Margin
2991.2%
-13301.2%
Revenue YoY
-77.8%
Net Profit YoY
506.9%
-257.0%
EPS (diluted)
$4.70
$-0.38

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
QTTB
QTTB
ROIV
ROIV
Q4 25
$1.9M
$2.0M
Q3 25
$-220.0K
$1.6M
Q2 25
$-284.0K
$2.2M
Q1 25
$-371.0K
$-39.6M
Q4 24
$0
$9.0M
Q3 24
$0
$4.5M
Q2 24
$0
$8.0M
Q1 24
$0
$28.9M
Net Profit
QTTB
QTTB
ROIV
ROIV
Q4 25
$57.7M
$-265.9M
Q3 25
$-7.4M
$-113.5M
Q2 25
$-9.5M
$-223.4M
Q1 25
$-11.0M
$-206.5M
Q4 24
$-14.2M
$169.4M
Q3 24
$-17.6M
$-230.2M
Q2 24
$-17.0M
$95.3M
Q1 24
$1.0M
$-151.1M
Operating Margin
QTTB
QTTB
ROIV
ROIV
Q4 25
-16966.1%
Q3 25
3444.1%
-19492.9%
Q2 25
3229.2%
-13130.0%
Q1 25
3296.0%
674.8%
Q4 24
-3042.6%
Q3 24
-7636.0%
Q2 24
-1279.5%
Q1 24
-919.5%
Net Margin
QTTB
QTTB
ROIV
ROIV
Q4 25
2991.2%
-13301.2%
Q3 25
3358.6%
-7225.9%
Q2 25
3341.2%
-10292.9%
Q1 25
2973.3%
521.8%
Q4 24
1878.3%
Q3 24
-5143.8%
Q2 24
1192.7%
Q1 24
-522.3%
EPS (diluted)
QTTB
QTTB
ROIV
ROIV
Q4 25
$4.70
$-0.38
Q3 25
$-0.60
$-0.17
Q2 25
$-0.78
$-0.33
Q1 25
$-0.90
$-0.28
Q4 24
$2.63
$0.23
Q3 24
$-1.46
$-0.31
Q2 24
$-1.42
$0.12
Q1 24
$-6.33
$-0.02

Balance Sheet & Financial Strength

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

Metric
QTTB
QTTB
ROIV
ROIV
Cash + ST InvestmentsLiquidity on hand
$48.3M
$4.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$42.0M
$4.3B
Total Assets
$61.8M
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QTTB
QTTB
ROIV
ROIV
Q4 25
$48.3M
$4.5B
Q3 25
$49.0M
$4.4B
Q2 25
$54.8M
$4.5B
Q1 25
$65.5M
$4.9B
Q4 24
$78.0M
$5.1B
Q3 24
$89.1M
$5.4B
Q2 24
$97.7M
$5.7B
Q1 24
$115.5M
$6.5B
Total Debt
QTTB
QTTB
ROIV
ROIV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$311.7M
Q1 24
$430.6M
Stockholders' Equity
QTTB
QTTB
ROIV
ROIV
Q4 25
$42.0M
$4.3B
Q3 25
$-18.4M
$4.4B
Q2 25
$-12.2M
$4.3B
Q1 25
$-4.0M
$4.7B
Q4 24
$5.7M
$5.2B
Q3 24
$18.3M
$5.2B
Q2 24
$33.5M
$5.4B
Q1 24
$48.8M
$6.0B
Total Assets
QTTB
QTTB
ROIV
ROIV
Q4 25
$61.8M
$5.2B
Q3 25
$57.8M
$5.1B
Q2 25
$66.1M
$5.0B
Q1 25
$79.1M
$5.4B
Q4 24
$92.3M
$5.8B
Q3 24
$104.5M
$6.2B
Q2 24
$124.2M
$6.5B
Q1 24
$152.3M
$7.2B
Debt / Equity
QTTB
QTTB
ROIV
ROIV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.06×
Q1 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
QTTB
QTTB
ROIV
ROIV
Operating Cash FlowLast quarter
$-6.2M
$-196.5M
Free Cash FlowOCF − Capex
$-201.4M
FCF MarginFCF / Revenue
-10076.0%
Capex IntensityCapex / Revenue
246.9%
Cash ConversionOCF / Net Profit
-0.11×
TTM Free Cash FlowTrailing 4 quarters
$-776.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QTTB
QTTB
ROIV
ROIV
Q4 25
$-6.2M
$-196.5M
Q3 25
$-4.2M
$-185.7M
Q2 25
$-10.7M
$-204.4M
Q1 25
$-12.5M
$-172.6M
Q4 24
$-11.4M
$-207.3M
Q3 24
$-19.5M
$-266.8M
Q2 24
$-22.2M
$-192.8M
Q1 24
$-14.6M
$-108.5M
Free Cash Flow
QTTB
QTTB
ROIV
ROIV
Q4 25
$-201.4M
Q3 25
$-193.5M
Q2 25
$-208.4M
Q1 25
$-173.4M
Q4 24
$-11.4M
$-209.1M
Q3 24
$-19.6M
$-267.8M
Q2 24
$-22.2M
$-193.8M
Q1 24
$-108.8M
FCF Margin
QTTB
QTTB
ROIV
ROIV
Q4 25
-10076.0%
Q3 25
-12317.8%
Q2 25
-9604.5%
Q1 25
438.1%
Q4 24
-2318.5%
Q3 24
-5984.4%
Q2 24
-2425.5%
Q1 24
-376.1%
Capex Intensity
QTTB
QTTB
ROIV
ROIV
Q4 25
246.9%
Q3 25
0.0%
499.6%
Q2 25
185.9%
Q1 25
-2.0%
Q4 24
20.3%
Q3 24
22.3%
Q2 24
12.1%
Q1 24
1.2%
Cash Conversion
QTTB
QTTB
ROIV
ROIV
Q4 25
-0.11×
Q3 25
Q2 25
Q1 25
Q4 24
-1.22×
Q3 24
Q2 24
-2.02×
Q1 24
-14.14×

Financial Flow Comparison

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

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