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Side-by-side financial comparison of DNA X, Inc. (SONM) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.

WEST BANCORPORATION INC is the larger business by last-quarter revenue ($26.9M vs $16.2M, roughly 1.7× DNA X, Inc.). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -29.3%, a 68.6% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs 7.9%). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% CAGR vs 9.9%).

West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.

SONM vs WTBA — Head-to-Head

Bigger by revenue
WTBA
WTBA
1.7× larger
WTBA
$26.9M
$16.2M
SONM
Growing faster (revenue YoY)
WTBA
WTBA
+8.7% gap
WTBA
16.6%
7.9%
SONM
Higher net margin
WTBA
WTBA
68.6% more per $
WTBA
39.2%
-29.3%
SONM
Faster 2-yr revenue CAGR
WTBA
WTBA
Annualised
WTBA
17.3%
9.9%
SONM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
SONM
SONM
WTBA
WTBA
Revenue
$16.2M
$26.9M
Net Profit
$-4.8M
$10.6M
Gross Margin
11.2%
Operating Margin
-24.5%
50.0%
Net Margin
-29.3%
39.2%
Revenue YoY
7.9%
16.6%
Net Profit YoY
-89.2%
34.8%
EPS (diluted)
$-4.83
$0.61

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
SONM
SONM
WTBA
WTBA
Q1 26
$26.9M
Q4 25
$24.2M
Q3 25
$16.2M
$25.0M
Q2 25
$11.2M
$23.8M
Q1 25
$16.7M
$23.1M
Q4 24
$15.3M
$20.9M
Q3 24
$15.0M
$20.3M
Q2 24
$11.5M
$19.6M
Net Profit
SONM
SONM
WTBA
WTBA
Q1 26
$10.6M
Q4 25
$7.4M
Q3 25
$-4.8M
$9.3M
Q2 25
$-7.5M
$8.0M
Q1 25
$458.0K
$7.8M
Q4 24
$-21.6M
$7.1M
Q3 24
$-2.5M
$6.0M
Q2 24
$-6.6M
$5.2M
Gross Margin
SONM
SONM
WTBA
WTBA
Q1 26
Q4 25
Q3 25
11.2%
Q2 25
7.6%
Q1 25
50.0%
Q4 24
-1.2%
Q3 24
28.2%
Q2 24
25.8%
Operating Margin
SONM
SONM
WTBA
WTBA
Q1 26
50.0%
Q4 25
39.6%
Q3 25
-24.5%
45.8%
Q2 25
-60.2%
43.4%
Q1 25
3.9%
43.4%
Q4 24
55.3%
30.9%
Q3 24
-15.8%
36.6%
Q2 24
-56.2%
32.6%
Net Margin
SONM
SONM
WTBA
WTBA
Q1 26
39.2%
Q4 25
30.7%
Q3 25
-29.3%
37.3%
Q2 25
-66.8%
33.5%
Q1 25
2.7%
34.0%
Q4 24
-141.6%
34.0%
Q3 24
-16.7%
29.3%
Q2 24
-57.5%
26.5%
EPS (diluted)
SONM
SONM
WTBA
WTBA
Q1 26
$0.61
Q4 25
$0.44
Q3 25
$-4.83
$0.55
Q2 25
$-0.79
$0.47
Q1 25
$0.08
$0.46
Q4 24
$-116.99
$0.41
Q3 24
$-9.32
$0.35
Q2 24
$-1.41
$0.31

Balance Sheet & Financial Strength

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

Metric
SONM
SONM
WTBA
WTBA
Cash + ST InvestmentsLiquidity on hand
$2.1M
$362.0M
Total DebtLower is stronger
$5.1M
Stockholders' EquityBook value
$-701.0K
$270.7M
Total Assets
$40.2M
$4.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SONM
SONM
WTBA
WTBA
Q1 26
$362.0M
Q4 25
$471.1M
Q3 25
$2.1M
$232.9M
Q2 25
$2.0M
$345.2M
Q1 25
$2.1M
Q4 24
$5.3M
$243.5M
Q3 24
$9.1M
Q2 24
$9.6M
Total Debt
SONM
SONM
WTBA
WTBA
Q1 26
Q4 25
Q3 25
$5.1M
Q2 25
$2.9M
Q1 25
$2.8M
Q4 24
Q3 24
Q2 24
Stockholders' Equity
SONM
SONM
WTBA
WTBA
Q1 26
$270.7M
Q4 25
$266.0M
Q3 25
$-701.0K
$255.1M
Q2 25
$-1.3M
$240.9M
Q1 25
$-1.1M
$237.9M
Q4 24
$-5.7M
$227.9M
Q3 24
$15.3M
$235.4M
Q2 24
$17.5M
$223.9M
Total Assets
SONM
SONM
WTBA
WTBA
Q1 26
$4.0B
Q4 25
$4.1B
Q3 25
$40.2M
$4.0B
Q2 25
$36.1M
$4.1B
Q1 25
$36.0M
$4.0B
Q4 24
$39.7M
$4.0B
Q3 24
$49.1M
$4.0B
Q2 24
$45.9M
$4.0B

Cash Flow & Capital Efficiency

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

Metric
SONM
SONM
WTBA
WTBA
Operating Cash FlowLast quarter
$-7.0M
$12.9M
Free Cash FlowOCF − Capex
$12.4M
FCF MarginFCF / Revenue
46.0%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
1.22×
TTM Free Cash FlowTrailing 4 quarters
$79.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SONM
SONM
WTBA
WTBA
Q1 26
$12.9M
Q4 25
$46.5M
Q3 25
$-7.0M
$11.4M
Q2 25
$-4.9M
$13.5M
Q1 25
$-9.6M
$9.7M
Q4 24
$-4.5M
$39.8M
Q3 24
$-417.0K
$12.9M
Q2 24
$-3.4M
$10.0M
Free Cash Flow
SONM
SONM
WTBA
WTBA
Q1 26
$12.4M
Q4 25
$43.2M
Q3 25
$10.8M
Q2 25
$12.8M
Q1 25
$8.3M
Q4 24
$-4.5M
$13.7M
Q3 24
$-554.0K
$7.0M
Q2 24
$-3.4M
$2.7M
FCF Margin
SONM
SONM
WTBA
WTBA
Q1 26
46.0%
Q4 25
178.3%
Q3 25
43.0%
Q2 25
53.6%
Q1 25
35.7%
Q4 24
-29.6%
65.6%
Q3 24
-3.7%
34.2%
Q2 24
-29.8%
14.0%
Capex Intensity
SONM
SONM
WTBA
WTBA
Q1 26
1.8%
Q4 25
13.7%
Q3 25
2.6%
Q2 25
3.2%
Q1 25
6.5%
Q4 24
0.1%
125.3%
Q3 24
0.9%
29.4%
Q2 24
0.3%
37.1%
Cash Conversion
SONM
SONM
WTBA
WTBA
Q1 26
1.22×
Q4 25
6.26×
Q3 25
1.23×
Q2 25
1.70×
Q1 25
-20.97×
1.24×
Q4 24
5.61×
Q3 24
2.17×
Q2 24
1.93×

Financial Flow Comparison

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

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