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Side-by-side financial comparison of Seer, Inc. (SEER) and Virgin Galactic Holdings, Inc (SPCE). Click either name above to swap in a different company.
Virgin Galactic Holdings, Inc is the larger business by last-quarter revenue ($4.2M vs $4.2M, roughly 1.0× Seer, Inc.). Seer, Inc. runs the higher net margin — -380.7% vs -2222.2%, a 1841.4% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs 5.0%). Seer, Inc. produced more free cash flow last quarter ($-11.1M vs $-113.5M).
Seer, Inc. is an American biotechnology company headquartered in Redwood City, California. Established in 2017, the company develops technologies for proteomics research.
Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.
SEER vs SPCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $4.2M | $4.2M |
| Net Profit | $-16.0M | $-93.8M |
| Gross Margin | 52.0% | -546.6% |
| Operating Margin | -413.8% | -2412.1% |
| Net Margin | -380.7% | -2222.2% |
| Revenue YoY | 5.0% | 125.5% |
| Net Profit YoY | 26.4% | 30.2% |
| EPS (diluted) | — | $-4.36 |
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.
| Q4 25 | $4.2M | — | ||
| Q3 25 | $4.1M | — | ||
| Q2 25 | $4.1M | — | ||
| Q1 25 | $4.2M | — | ||
| Q4 24 | $4.0M | — | ||
| Q3 24 | $4.0M | — | ||
| Q2 24 | $3.1M | $4.2M | ||
| Q1 24 | $3.1M | $2.0M |
| Q4 25 | $-16.0M | — | ||
| Q3 25 | $-18.2M | — | ||
| Q2 25 | $-19.4M | — | ||
| Q1 25 | $-19.9M | — | ||
| Q4 24 | $-21.7M | — | ||
| Q3 24 | $-21.3M | — | ||
| Q2 24 | $-22.9M | $-93.8M | ||
| Q1 24 | $-20.7M | $-102.0M |
| Q4 25 | 52.0% | — | ||
| Q3 25 | 51.2% | — | ||
| Q2 25 | 52.1% | — | ||
| Q1 25 | 49.0% | — | ||
| Q4 24 | 50.6% | — | ||
| Q3 24 | 48.1% | — | ||
| Q2 24 | 56.3% | -546.6% | ||
| Q1 24 | 44.4% | -1038.1% |
| Q4 25 | -413.8% | — | ||
| Q3 25 | -469.4% | — | ||
| Q2 25 | -506.8% | — | ||
| Q1 25 | -493.0% | — | ||
| Q4 24 | -587.2% | — | ||
| Q3 24 | -603.3% | — | ||
| Q2 24 | -882.0% | -2412.1% | ||
| Q1 24 | -821.7% | -5599.9% |
| Q4 25 | -380.7% | — | ||
| Q3 25 | -442.5% | — | ||
| Q2 25 | -479.5% | — | ||
| Q1 25 | -474.4% | — | ||
| Q4 24 | -543.6% | — | ||
| Q3 24 | -529.0% | — | ||
| Q2 24 | -743.8% | -2222.2% | ||
| Q1 24 | -674.5% | -5139.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.35 | — | ||
| Q2 24 | $-0.35 | $-4.36 | ||
| Q1 24 | $-0.32 | $-5.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.3M | $775.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $259.3M | $394.8M |
| Total Assets | $296.1M | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.3M | — | ||
| Q3 25 | $45.0M | — | ||
| Q2 25 | $37.9M | — | ||
| Q1 25 | $52.4M | — | ||
| Q4 24 | $40.8M | — | ||
| Q3 24 | $37.6M | — | ||
| Q2 24 | $31.9M | $775.7M | ||
| Q1 24 | $54.4M | $765.2M |
| Q4 25 | $259.3M | — | ||
| Q3 25 | $271.8M | — | ||
| Q2 25 | $288.3M | — | ||
| Q1 25 | $311.0M | — | ||
| Q4 24 | $327.6M | — | ||
| Q3 24 | $344.7M | — | ||
| Q2 24 | $364.7M | $394.8M | ||
| Q1 24 | $383.6M | $417.6M |
| Q4 25 | $296.1M | — | ||
| Q3 25 | $308.6M | — | ||
| Q2 25 | $322.5M | — | ||
| Q1 25 | $347.3M | — | ||
| Q4 24 | $366.6M | — | ||
| Q3 24 | $383.4M | — | ||
| Q2 24 | $406.6M | $1.1B | ||
| Q1 24 | $422.0M | $1.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.8M | $-79.1M |
| Free Cash FlowOCF − Capex | $-11.1M | $-113.5M |
| FCF MarginFCF / Revenue | -264.2% | -2690.7% |
| Capex IntensityCapex / Revenue | 7.0% | 815.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-46.2M | $-458.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-10.8M | — | ||
| Q3 25 | $-7.6M | — | ||
| Q2 25 | $-14.7M | — | ||
| Q1 25 | $-11.4M | — | ||
| Q4 24 | $-11.5M | — | ||
| Q3 24 | $-14.1M | — | ||
| Q2 24 | $-10.1M | $-79.1M | ||
| Q1 24 | $-10.5M | $-113.2M |
| Q4 25 | $-11.1M | — | ||
| Q3 25 | $-7.8M | — | ||
| Q2 25 | $-15.2M | — | ||
| Q1 25 | $-12.1M | — | ||
| Q4 24 | $-12.0M | — | ||
| Q3 24 | $-16.3M | — | ||
| Q2 24 | $-11.2M | $-113.5M | ||
| Q1 24 | $-11.2M | $-126.3M |
| Q4 25 | -264.2% | — | ||
| Q3 25 | -190.5% | — | ||
| Q2 25 | -375.9% | — | ||
| Q1 25 | -287.1% | — | ||
| Q4 24 | -299.8% | — | ||
| Q3 24 | -404.7% | — | ||
| Q2 24 | -366.0% | -2690.7% | ||
| Q1 24 | -365.6% | -6362.8% |
| Q4 25 | 7.0% | — | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 15.6% | — | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 54.4% | — | ||
| Q2 24 | 38.2% | 815.5% | ||
| Q1 24 | 24.6% | 658.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
