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Side-by-side financial comparison of Ultragenyx Pharmaceutical Inc. (RARE) and SILVERCORP METALS INC (SVM). Click either name above to swap in a different company.

SILVERCORP METALS INC is the larger business by last-quarter revenue ($223.8M vs $207.3M, roughly 1.1× Ultragenyx Pharmaceutical Inc.). SILVERCORP METALS INC runs the higher net margin — -1.3% vs -62.0%, a 60.7% gap on every dollar of revenue. Over the past eight quarters, SILVERCORP METALS INC's revenue compounded faster (87.6% CAGR vs 38.0%).

Ultragenyx Pharmaceutical Inc. is an American biopharmaceutical company involved in the research and development of novel products for treatment of rare and ultra-rare genetic diseases for which there are typically no approved treatments and high unmet medical need. The company works with multiple drug modalities including biologics, small molecule, gene therapies, and ASO and mRNAs in the disease categories of bone, endocrine, metabolic, muscle and CNS diseases.

Silvercorp Metals Inc. (Silvercorp) is a Canadian-based, China-focused precious metals company engaged in the acquisition, exploration, and development of silver-containing properties.

RARE vs SVM — Head-to-Head

Bigger by revenue
SVM
SVM
1.1× larger
SVM
$223.8M
$207.3M
RARE
Higher net margin
SVM
SVM
60.7% more per $
SVM
-1.3%
-62.0%
RARE
Faster 2-yr revenue CAGR
SVM
SVM
Annualised
SVM
87.6%
38.0%
RARE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
RARE
RARE
SVM
SVM
Revenue
$207.3M
$223.8M
Net Profit
$-128.6M
$-2.9M
Gross Margin
Operating Margin
-54.7%
Net Margin
-62.0%
-1.3%
Revenue YoY
25.9%
Net Profit YoY
3.5%
EPS (diluted)
$-1.28

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
RARE
RARE
SVM
SVM
Q4 25
$207.3M
$223.8M
Q3 25
$159.9M
Q2 25
$166.5M
$72.2M
Q1 25
$139.3M
Q4 24
$164.6M
$172.5M
Q3 24
$139.5M
$114.0M
Q2 24
$147.0M
$60.0M
Q1 24
$108.8M
Net Profit
RARE
RARE
SVM
SVM
Q4 25
$-128.6M
$-2.9M
Q3 25
$-180.4M
Q2 25
$-115.0M
$28.1M
Q1 25
$-151.1M
Q4 24
$-133.2M
$42.1M
Q3 24
$-133.5M
$28.0M
Q2 24
$-131.6M
$13.2M
Q1 24
$-170.7M
Operating Margin
RARE
RARE
SVM
SVM
Q4 25
-54.7%
Q3 25
-106.9%
Q2 25
-64.8%
Q1 25
-102.6%
Q4 24
-74.3%
30.5%
Q3 24
-94.6%
30.7%
Q2 24
-79.1%
30.0%
Q1 24
-151.9%
Net Margin
RARE
RARE
SVM
SVM
Q4 25
-62.0%
-1.3%
Q3 25
-112.8%
Q2 25
-69.0%
39.0%
Q1 25
-108.5%
Q4 24
-80.9%
24.4%
Q3 24
-95.7%
24.5%
Q2 24
-89.5%
22.0%
Q1 24
-156.8%
EPS (diluted)
RARE
RARE
SVM
SVM
Q4 25
$-1.28
Q3 25
$-1.81
Q2 25
$-1.17
Q1 25
$-1.57
Q4 24
$-1.34
Q3 24
$-1.40
Q2 24
$-1.52
Q1 24
$-2.03

Balance Sheet & Financial Strength

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

Metric
RARE
RARE
SVM
SVM
Cash + ST InvestmentsLiquidity on hand
$421.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-80.0M
Total Assets
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RARE
RARE
SVM
SVM
Q4 25
$421.0M
Q3 25
$202.5M
Q2 25
$176.3M
Q1 25
$127.1M
Q4 24
$174.0M
Q3 24
$150.6M
Q2 24
$480.7M
Q1 24
$112.3M
Stockholders' Equity
RARE
RARE
SVM
SVM
Q4 25
$-80.0M
Q3 25
$9.2M
Q2 25
$151.3M
Q1 25
$144.2M
Q4 24
$255.0M
Q3 24
$346.8M
Q2 24
$432.4M
Q1 24
$140.3M
Total Assets
RARE
RARE
SVM
SVM
Q4 25
$1.5B
Q3 25
$1.2B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.6B
Q1 24
$1.3B

Cash Flow & Capital Efficiency

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

Metric
RARE
RARE
SVM
SVM
Operating Cash FlowLast quarter
$-99.8M
$107.9M
Free Cash FlowOCF − Capex
$-100.8M
FCF MarginFCF / Revenue
-48.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-472.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RARE
RARE
SVM
SVM
Q4 25
$-99.8M
$107.9M
Q3 25
$-91.4M
Q2 25
$-108.3M
$40.0M
Q1 25
$-166.5M
Q4 24
$-79.3M
$81.3M
Q3 24
$-67.0M
$57.7M
Q2 24
$-77.0M
$28.9M
Q1 24
$-190.7M
Free Cash Flow
RARE
RARE
SVM
SVM
Q4 25
$-100.8M
Q3 25
$-92.7M
Q2 25
$-110.7M
Q1 25
$-167.8M
Q4 24
$-79.5M
Q3 24
$-68.6M
$33.8M
Q2 24
$-79.0M
$17.0M
Q1 24
$-193.9M
FCF Margin
RARE
RARE
SVM
SVM
Q4 25
-48.6%
Q3 25
-58.0%
Q2 25
-66.5%
Q1 25
-120.5%
Q4 24
-48.3%
Q3 24
-49.2%
29.6%
Q2 24
-53.7%
28.3%
Q1 24
-178.2%
Capex Intensity
RARE
RARE
SVM
SVM
Q4 25
0.5%
Q3 25
0.8%
Q2 25
1.5%
Q1 25
1.0%
Q4 24
0.1%
Q3 24
1.2%
21.0%
Q2 24
1.4%
19.8%
Q1 24
3.0%
Cash Conversion
RARE
RARE
SVM
SVM
Q4 25
Q3 25
Q2 25
1.42×
Q1 25
Q4 24
1.93×
Q3 24
2.06×
Q2 24
2.19×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

RARE
RARE

Royalty$105.6M51%
Products$101.7M49%

SVM
SVM

Segment breakdown not available.

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