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Side-by-side financial comparison of Rallybio Corp (RLYB) and RenovoRx, Inc. (RNXT). Click either name above to swap in a different company.

RenovoRx, Inc. is the larger business by last-quarter revenue ($238.0K vs $222.0K, roughly 1.1× Rallybio Corp). RenovoRx, Inc. runs the higher net margin — -1235.7% vs -2636.0%, a 1400.3% gap on every dollar of revenue.

Rallybio Corp is a clinical-stage biotechnology company dedicated to developing transformative therapies for patients with severe, rare diseases with high unmet medical needs. Its core development pipeline targets hematologic disorders, fetal and neonatal hemolytic disease, and complement-mediated conditions, serving patient populations primarily in North America and Europe.

RenovoRx, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative targeted therapy delivery systems for cancer treatment. Its core assets include proprietary transarterial delivery platforms, with primary operations in the United States, serving unmet medical needs in the oncology care segment.

RLYB vs RNXT — Head-to-Head

Bigger by revenue
RNXT
RNXT
1.1× larger
RNXT
$238.0K
$222.0K
RLYB
Higher net margin
RNXT
RNXT
1400.3% more per $
RNXT
-1235.7%
-2636.0%
RLYB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RLYB
RLYB
RNXT
RNXT
Revenue
$222.0K
$238.0K
Net Profit
$-5.9M
$-2.9M
Gross Margin
88.2%
Operating Margin
-2888.3%
-1479.8%
Net Margin
-2636.0%
-1235.7%
Revenue YoY
484.2%
Net Profit YoY
47.0%
-2.2%
EPS (diluted)
$-1.52
$-0.08

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
RLYB
RLYB
RNXT
RNXT
Q4 25
$222.0K
$238.0K
Q3 25
$212.0K
$266.0K
Q2 25
$212.0K
$422.0K
Q1 25
$212.0K
$197.0K
Q4 24
$38.0K
Q3 24
$299.0K
Q2 24
$299.0K
Q1 24
$0
Net Profit
RLYB
RLYB
RNXT
RNXT
Q4 25
$-5.9M
$-2.9M
Q3 25
$16.0M
$-2.9M
Q2 25
$-9.7M
$-2.9M
Q1 25
$-9.4M
$-2.4M
Q4 24
$-11.0M
Q3 24
$-11.5M
Q2 24
$-16.2M
Q1 24
$-19.0M
Gross Margin
RLYB
RLYB
RNXT
RNXT
Q4 25
88.2%
Q3 25
80.1%
Q2 25
64.0%
Q1 25
52.3%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
RLYB
RLYB
RNXT
RNXT
Q4 25
-2888.3%
-1479.8%
Q3 25
-3266.5%
-1203.0%
Q2 25
-4743.9%
-634.6%
Q1 25
-4561.3%
-1578.7%
Q4 24
-30547.4%
Q3 24
-4035.5%
Q2 24
-5697.3%
Q1 24
Net Margin
RLYB
RLYB
RNXT
RNXT
Q4 25
-2636.0%
-1235.7%
Q3 25
7554.7%
-1094.7%
Q2 25
-4576.9%
-686.0%
Q1 25
-4452.4%
-1228.4%
Q4 24
-29063.2%
Q3 24
-3834.8%
Q2 24
-5430.1%
Q1 24
EPS (diluted)
RLYB
RLYB
RNXT
RNXT
Q4 25
$-1.52
$-0.08
Q3 25
$0.36
$-0.08
Q2 25
$-0.22
$-0.08
Q1 25
$-0.21
$-0.08
Q4 24
$-9.51
Q3 24
$-0.26
Q2 24
$-0.37
Q1 24
$-0.47

Balance Sheet & Financial Strength

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

Metric
RLYB
RLYB
RNXT
RNXT
Cash + ST InvestmentsLiquidity on hand
$54.7M
$7.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.0M
$5.4M
Total Assets
$62.3M
$8.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RLYB
RLYB
RNXT
RNXT
Q4 25
$54.7M
$7.0M
Q3 25
$59.3M
$10.0M
Q2 25
$45.7M
$12.3M
Q1 25
$54.5M
$14.6M
Q4 24
$65.5M
Q3 24
$75.1M
Q2 24
$88.6M
Q1 24
$94.2M
Stockholders' Equity
RLYB
RLYB
RNXT
RNXT
Q4 25
$58.0M
$5.4M
Q3 25
$63.0M
$8.1M
Q2 25
$46.0M
$10.6M
Q1 25
$54.1M
$13.2M
Q4 24
$61.7M
Q3 24
$70.8M
Q2 24
$80.0M
Q1 24
$89.2M
Total Assets
RLYB
RLYB
RNXT
RNXT
Q4 25
$62.3M
$8.1M
Q3 25
$67.7M
$11.2M
Q2 25
$51.0M
$13.6M
Q1 25
$58.0M
$16.0M
Q4 24
$68.1M
Q3 24
$79.0M
Q2 24
$92.4M
Q1 24
$99.4M

Cash Flow & Capital Efficiency

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

Metric
RLYB
RLYB
RNXT
RNXT
Operating Cash FlowLast quarter
$-4.7M
$-3.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RLYB
RLYB
RNXT
RNXT
Q4 25
$-4.7M
$-3.0M
Q3 25
$-6.5M
$-2.3M
Q2 25
$-8.4M
$-2.3M
Q1 25
$-10.2M
$-3.4M
Q4 24
$-9.9M
Q3 24
$-13.5M
Q2 24
$-10.4M
Q1 24
$-15.5M
Free Cash Flow
RLYB
RLYB
RNXT
RNXT
Q4 25
Q3 25
Q2 25
Q1 25
$-3.4M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
RLYB
RLYB
RNXT
RNXT
Q4 25
Q3 25
Q2 25
Q1 25
-1717.3%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
RLYB
RLYB
RNXT
RNXT
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
RLYB
RLYB
RNXT
RNXT
Q4 25
Q3 25
-0.41×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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