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Side-by-side financial comparison of Sunshine Biopharma Inc. (SBFM) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.

Velo3D, Inc. is the larger business by last-quarter revenue ($9.4M vs $8.6M, roughly 1.1× Sunshine Biopharma Inc.). Sunshine Biopharma Inc. runs the higher net margin — -25.0% vs -231.9%, a 207.0% gap on every dollar of revenue. On growth, Sunshine Biopharma Inc. posted the faster year-over-year revenue change (-10.6% vs -25.2%). Sunshine Biopharma Inc. produced more free cash flow last quarter ($-1.6M vs $-8.3M). Over the past eight quarters, Sunshine Biopharma Inc.'s revenue compounded faster (6.6% CAGR vs -1.8%).

Sunshine Biopharma Inc. is a clinical-stage biopharmaceutical company focused on researching, developing and commercializing innovative therapies for oncology, neurodegenerative disorders and infectious diseases. It targets unmet medical needs across global markets, with a pipeline of targeted therapeutic candidates designed to improve patient treatment outcomes.

Velo3D, Inc. develops and sells advanced end-to-end metal additive manufacturing (3D printing) solutions, comprising industrial-grade printers, specialized processing software, and high-performance metal materials. It primarily serves global aerospace, defense, energy, semiconductor and industrial manufacturing markets, enabling customers to produce complex, high-precision metal parts that are difficult to manufacture with traditional methods.

SBFM vs VELO — Head-to-Head

Bigger by revenue
VELO
VELO
1.1× larger
VELO
$9.4M
$8.6M
SBFM
Growing faster (revenue YoY)
SBFM
SBFM
+14.6% gap
SBFM
-10.6%
-25.2%
VELO
Higher net margin
SBFM
SBFM
207.0% more per $
SBFM
-25.0%
-231.9%
VELO
More free cash flow
SBFM
SBFM
$6.7M more FCF
SBFM
$-1.6M
$-8.3M
VELO
Faster 2-yr revenue CAGR
SBFM
SBFM
Annualised
SBFM
6.6%
-1.8%
VELO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SBFM
SBFM
VELO
VELO
Revenue
$8.6M
$9.4M
Net Profit
$-2.1M
$-21.9M
Gross Margin
35.3%
-73.6%
Operating Margin
-20.9%
-231.0%
Net Margin
-25.0%
-231.9%
Revenue YoY
-10.6%
-25.2%
Net Profit YoY
0.8%
-2.9%
EPS (diluted)
$-0.87

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
SBFM
SBFM
VELO
VELO
Q4 25
$8.6M
$9.4M
Q3 25
$9.4M
$13.6M
Q2 25
$9.4M
$13.6M
Q1 25
$8.9M
$9.3M
Q4 24
$9.6M
$12.6M
Q3 24
$8.4M
$8.2M
Q2 24
$9.3M
$10.3M
Q1 24
$7.5M
$9.8M
Net Profit
SBFM
SBFM
VELO
VELO
Q4 25
$-2.1M
$-21.9M
Q3 25
$-883.8K
$-11.2M
Q2 25
$-1.8M
$-13.3M
Q1 25
$-1.2M
$-25.0M
Q4 24
$-2.2M
$-21.3M
Q3 24
$-1.2M
$-21.9M
Q2 24
$-494.3K
$935.0K
Q1 24
$-1.3M
$-27.5M
Gross Margin
SBFM
SBFM
VELO
VELO
Q4 25
35.3%
-73.6%
Q3 25
32.6%
3.2%
Q2 25
36.4%
-11.7%
Q1 25
30.7%
7.5%
Q4 24
32.2%
-3.5%
Q3 24
34.0%
49.4%
Q2 24
25.3%
-28.0%
Q1 24
31.2%
-28.8%
Operating Margin
SBFM
SBFM
VELO
VELO
Q4 25
-20.9%
-231.0%
Q3 25
-11.5%
-73.3%
Q2 25
-21.8%
-85.4%
Q1 25
-14.6%
-123.6%
Q4 24
-21.7%
-167.0%
Q3 24
-13.1%
-213.8%
Q2 24
-13.6%
-187.7%
Q1 24
-17.9%
-211.1%
Net Margin
SBFM
SBFM
VELO
VELO
Q4 25
-25.0%
-231.9%
Q3 25
-9.4%
-82.0%
Q2 25
-18.8%
-97.7%
Q1 25
-13.3%
-268.4%
Q4 24
-22.5%
-168.5%
Q3 24
-14.2%
-265.3%
Q2 24
-5.3%
9.0%
Q1 24
-17.0%
-281.2%
EPS (diluted)
SBFM
SBFM
VELO
VELO
Q4 25
$-0.87
Q3 25
$-0.54
$-0.65
Q2 25
$-0.82
$-0.94
Q1 25
$-0.44
$-1.87
Q4 24
$49.77
$7.06
Q3 24
$-11.61
$-35.52
Q2 24
$-43.48
$1.65
Q1 24
$-2.00
$-55.51

Balance Sheet & Financial Strength

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

Metric
SBFM
SBFM
VELO
VELO
Cash + ST InvestmentsLiquidity on hand
$39.0M
Total DebtLower is stronger
$31.0M
Stockholders' EquityBook value
$23.0M
$38.2M
Total Assets
$30.1M
$105.3M
Debt / EquityLower = less leverage
0.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SBFM
SBFM
VELO
VELO
Q4 25
$39.0M
Q3 25
$11.8M
Q2 25
$854.0K
Q1 25
$3.9M
Q4 24
$1.2M
Q3 24
$1.6M
Q2 24
$3.2M
Q1 24
$10.9M
Total Debt
SBFM
SBFM
VELO
VELO
Q4 25
$31.0M
Q3 25
$23.0M
Q2 25
$22.5M
Q1 25
$21.7M
Q4 24
$5.7M
Q3 24
$32.3M
Q2 24
$33.5M
Q1 24
$44.0M
Stockholders' Equity
SBFM
SBFM
VELO
VELO
Q4 25
$23.0M
$38.2M
Q3 25
$24.2M
$29.9M
Q2 25
$25.7M
$21.4M
Q1 25
$22.7M
$32.8M
Q4 24
$23.5M
$39.7M
Q3 24
$25.0M
$34.4M
Q2 24
$23.5M
$52.1M
Q1 24
$24.8M
$45.5M
Total Assets
SBFM
SBFM
VELO
VELO
Q4 25
$30.1M
$105.3M
Q3 25
$31.5M
$93.7M
Q2 25
$32.0M
$78.4M
Q1 25
$29.2M
$91.3M
Q4 24
$30.6M
$89.2M
Q3 24
$30.1M
$110.8M
Q2 24
$29.3M
$116.7M
Q1 24
$31.9M
$136.1M
Debt / Equity
SBFM
SBFM
VELO
VELO
Q4 25
0.81×
Q3 25
0.77×
Q2 25
1.05×
Q1 25
0.66×
Q4 24
0.14×
Q3 24
0.94×
Q2 24
0.64×
Q1 24
0.97×

Cash Flow & Capital Efficiency

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

Metric
SBFM
SBFM
VELO
VELO
Operating Cash FlowLast quarter
$-1.6M
$-7.7M
Free Cash FlowOCF − Capex
$-1.6M
$-8.3M
FCF MarginFCF / Revenue
-18.9%
-88.3%
Capex IntensityCapex / Revenue
0.0%
6.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SBFM
SBFM
VELO
VELO
Q4 25
$-1.6M
$-7.7M
Q3 25
$-727.8K
$-6.0M
Q2 25
$-1.3M
$-1.2M
Q1 25
$-1.7M
$-12.3M
Q4 24
$-3.4M
$-2.2M
Q3 24
$-1.4M
$-2.0M
Q2 24
$-4.6M
$-8.0M
Q1 24
$-3.2M
$-20.5M
Free Cash Flow
SBFM
SBFM
VELO
VELO
Q4 25
$-1.6M
$-8.3M
Q3 25
$-735.8K
$-6.3M
Q2 25
$-1.4M
$-3.0M
Q1 25
$-1.7M
Q4 24
$-3.5M
$-2.2M
Q3 24
$-1.9M
$-2.0M
Q2 24
$-5.6M
$-8.0M
Q1 24
$-3.2M
$-20.5M
FCF Margin
SBFM
SBFM
VELO
VELO
Q4 25
-18.9%
-88.3%
Q3 25
-7.8%
-46.5%
Q2 25
-15.2%
-22.2%
Q1 25
-19.3%
Q4 24
-36.6%
-17.7%
Q3 24
-22.2%
-24.2%
Q2 24
-59.7%
-77.1%
Q1 24
-43.1%
-209.8%
Capex Intensity
SBFM
SBFM
VELO
VELO
Q4 25
0.0%
6.4%
Q3 25
0.1%
2.3%
Q2 25
1.7%
13.3%
Q1 25
0.1%
0.0%
Q4 24
1.1%
0.2%
Q3 24
6.1%
0.2%
Q2 24
10.5%
0.0%
Q1 24
0.8%
0.1%
Cash Conversion
SBFM
SBFM
VELO
VELO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-8.52×
Q1 24

Financial Flow Comparison

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

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