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Side-by-side financial comparison of Avidity Biosciences, Inc. (RNA) and Xilio Therapeutics, Inc. (XLO). Click either name above to swap in a different company.

Xilio Therapeutics, Inc. is the larger business by last-quarter revenue ($13.7M vs $12.5M, roughly 1.1× Avidity Biosciences, Inc.). Xilio Therapeutics, Inc. runs the higher net margin — 75.7% vs -1398.3%, a 1474.0% gap on every dollar of revenue. Xilio Therapeutics, Inc. produced more free cash flow last quarter ($-2.1M vs $-156.9M).

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.

Xilio Therapeutics is a clinical-stage biotechnology company dedicated to developing novel tumor-selective immunotherapies for cancer treatment. Its product pipeline features candidates engineered to trigger anti-tumor immune responses specifically inside tumor microenvironments, reducing systemic toxicities, and it primarily targets oncology patient populations in North America and other global markets.

RNA vs XLO — Head-to-Head

Bigger by revenue
XLO
XLO
1.1× larger
XLO
$13.7M
$12.5M
RNA
Higher net margin
XLO
XLO
1474.0% more per $
XLO
75.7%
-1398.3%
RNA
More free cash flow
XLO
XLO
$154.8M more FCF
XLO
$-2.1M
$-156.9M
RNA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
RNA
RNA
XLO
XLO
Revenue
$12.5M
$13.7M
Net Profit
$-174.4M
$10.4M
Gross Margin
Operating Margin
-1513.5%
-86.5%
Net Margin
-1398.3%
75.7%
Revenue YoY
434.0%
Net Profit YoY
-117.0%
179.1%
EPS (diluted)
$-1.27
$-3.74

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
RNA
RNA
XLO
XLO
Q4 25
$13.7M
Q3 25
$12.5M
$19.1M
Q2 25
$3.8M
$8.1M
Q1 25
$1.6M
$2.9M
Q4 24
$3.0M
Q3 24
$2.3M
Q2 24
$2.0M
Q1 24
$3.5M
Net Profit
RNA
RNA
XLO
XLO
Q4 25
$10.4M
Q3 25
$-174.4M
$-16.3M
Q2 25
$-157.3M
$-15.8M
Q1 25
$-115.8M
$-13.3M
Q4 24
$-102.3M
Q3 24
$-80.4M
Q2 24
$-70.8M
Q1 24
$-68.9M
Operating Margin
RNA
RNA
XLO
XLO
Q4 25
-86.5%
Q3 25
-1513.5%
-10.1%
Q2 25
-4448.7%
-177.7%
Q1 25
-8360.9%
-472.7%
Q4 24
-4069.6%
Q3 24
-4200.9%
Q2 24
-4040.4%
Q1 24
-2178.6%
Net Margin
RNA
RNA
XLO
XLO
Q4 25
75.7%
Q3 25
-1398.3%
-85.4%
Q2 25
-4089.3%
-196.0%
Q1 25
-7360.0%
-452.7%
Q4 24
-3439.5%
Q3 24
-3441.7%
Q2 24
-3461.8%
Q1 24
-1943.4%
EPS (diluted)
RNA
RNA
XLO
XLO
Q4 25
$-3.74
Q3 25
$-1.27
$-0.11
Q2 25
$-1.21
$-0.16
Q1 25
$-0.90
$-0.18
Q4 24
$-0.80
Q3 24
$-0.65
Q2 24
$-0.65
Q1 24
$-0.79

Balance Sheet & Financial Strength

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

Metric
RNA
RNA
XLO
XLO
Cash + ST InvestmentsLiquidity on hand
$350.2M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
$35.3M
Total Assets
$2.1B
$154.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RNA
RNA
XLO
XLO
Q4 25
$137.5M
Q3 25
$350.2M
$103.8M
Q2 25
$243.9M
$121.6M
Q1 25
$254.2M
$89.1M
Q4 24
$219.9M
Q3 24
$370.2M
Q2 24
$575.8M
Q1 24
$471.4M
Stockholders' Equity
RNA
RNA
XLO
XLO
Q4 25
$35.3M
Q3 25
$1.9B
$-8.1M
Q2 25
$1.2B
$7.1M
Q1 25
$1.3B
$10.7M
Q4 24
$1.4B
Q3 24
$1.5B
Q2 24
$1.2B
Q1 24
$830.9M
Total Assets
RNA
RNA
XLO
XLO
Q4 25
$154.7M
Q3 25
$2.1B
$133.7M
Q2 25
$1.4B
$133.8M
Q1 25
$1.5B
$103.7M
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.3B
Q1 24
$951.5M

Cash Flow & Capital Efficiency

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

Metric
RNA
RNA
XLO
XLO
Operating Cash FlowLast quarter
$-156.2M
$-2.0M
Free Cash FlowOCF − Capex
$-156.9M
$-2.1M
FCF MarginFCF / Revenue
-1257.6%
-15.3%
Capex IntensityCapex / Revenue
5.7%
0.7%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$-592.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RNA
RNA
XLO
XLO
Q4 25
$-2.0M
Q3 25
$-156.2M
$-17.5M
Q2 25
$-199.7M
$-14.5M
Q1 25
$-124.8M
$29.0M
Q4 24
$-99.9M
Q3 24
$-65.6M
Q2 24
$-65.0M
Q1 24
$-70.4M
Free Cash Flow
RNA
RNA
XLO
XLO
Q4 25
$-2.1M
Q3 25
$-156.9M
Q2 25
$-203.0M
$-14.9M
Q1 25
$-128.6M
$29.0M
Q4 24
$-103.8M
Q3 24
$-67.3M
Q2 24
$-65.5M
Q1 24
$-71.3M
FCF Margin
RNA
RNA
XLO
XLO
Q4 25
-15.3%
Q3 25
-1257.6%
Q2 25
-5277.1%
-184.0%
Q1 25
-8174.3%
988.3%
Q4 24
-3491.0%
Q3 24
-2881.8%
Q2 24
-3204.6%
Q1 24
-2012.3%
Capex Intensity
RNA
RNA
XLO
XLO
Q4 25
0.7%
Q3 25
5.7%
0.0%
Q2 25
86.9%
5.0%
Q1 25
238.6%
0.8%
Q4 24
131.7%
Q3 24
72.9%
Q2 24
26.0%
Q1 24
25.8%
Cash Conversion
RNA
RNA
XLO
XLO
Q4 25
-0.19×
Q3 25
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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