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Side-by-side financial comparison of STEM, INC. (STEM) and VersaBank (VBNK). Click either name above to swap in a different company.
STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $26.7M, roughly 1.8× VersaBank). VersaBank runs the higher net margin — 30.3% vs -33.9%, a 64.2% gap on every dollar of revenue. On growth, VersaBank posted the faster year-over-year revenue change (31.2% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 16.6%).
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
VersaBank is a Canada-based digital-first financial institution offering commercial lending, high-interest deposit accounts and customized financial services for SMEs, retail clients and institutional partners across North America. It operates no physical branches, using secure digital infrastructure to deliver efficient, cost-effective banking experiences.
STEM vs VBNK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $47.1M | $26.7M |
| Net Profit | $-16.0M | $8.1M |
| Gross Margin | 48.9% | — |
| Operating Margin | -17.7% | — |
| Net Margin | -33.9% | 30.3% |
| Revenue YoY | -15.6% | 31.2% |
| Net Profit YoY | 68.8% | 35.9% |
| EPS (diluted) | $-4.40 | — |
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.
| Q1 26 | — | $26.7M | ||
| Q4 25 | $47.1M | — | ||
| Q3 25 | $38.2M | $23.1M | ||
| Q2 25 | $38.4M | $22.0M | ||
| Q1 25 | $32.5M | $20.3M | ||
| Q4 24 | $55.8M | — | ||
| Q3 24 | $29.3M | $19.7M | ||
| Q2 24 | $34.0M | $20.8M |
| Q1 26 | — | $8.1M | ||
| Q4 25 | $-16.0M | — | ||
| Q3 25 | $-23.8M | $4.8M | ||
| Q2 25 | $202.5M | $6.2M | ||
| Q1 25 | $-25.0M | $5.9M | ||
| Q4 24 | $-51.1M | — | ||
| Q3 24 | $-148.3M | $7.1M | ||
| Q2 24 | $-582.3M | $8.6M |
| Q1 26 | — | — | ||
| Q4 25 | 48.9% | — | ||
| Q3 25 | 35.5% | — | ||
| Q2 25 | 33.4% | — | ||
| Q1 25 | 32.4% | — | ||
| Q4 24 | -4.4% | — | ||
| Q3 24 | 21.2% | — | ||
| Q2 24 | 27.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | -17.7% | — | ||
| Q3 25 | -33.6% | — | ||
| Q2 25 | -34.8% | — | ||
| Q1 25 | -65.0% | — | ||
| Q4 24 | -84.4% | — | ||
| Q3 24 | -493.2% | — | ||
| Q2 24 | -1705.5% | — |
| Q1 26 | — | 30.3% | ||
| Q4 25 | -33.9% | — | ||
| Q3 25 | -62.2% | 20.8% | ||
| Q2 25 | 527.8% | 28.3% | ||
| Q1 25 | -76.9% | 29.3% | ||
| Q4 24 | -91.6% | — | ||
| Q3 24 | -506.3% | 35.9% | ||
| Q2 24 | -1712.6% | 41.5% |
| Q1 26 | — | — | ||
| Q4 25 | $-4.40 | — | ||
| Q3 25 | $-2.84 | — | ||
| Q2 25 | $-1.79 | — | ||
| Q1 25 | $-0.15 | — | ||
| Q4 24 | $-15.29 | — | ||
| Q3 24 | $-18.24 | — | ||
| Q2 24 | $-71.81 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $48.9M | $458.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-249.4M | $396.4M |
| Total Assets | $308.9M | $4.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $458.4M | ||
| Q4 25 | $48.9M | — | ||
| Q3 25 | $43.1M | $336.0M | ||
| Q2 25 | $40.8M | $248.3M | ||
| Q1 25 | $58.6M | $282.3M | ||
| Q4 24 | $56.3M | — | ||
| Q3 24 | $75.4M | $181.0M | ||
| Q2 24 | $89.6M | $145.1M |
| Q1 26 | — | $396.4M | ||
| Q4 25 | $-249.4M | — | ||
| Q3 25 | $-235.7M | $385.5M | ||
| Q2 25 | $-214.1M | $385.7M | ||
| Q1 25 | $-417.5M | $380.5M | ||
| Q4 24 | $-398.4M | — | ||
| Q3 24 | $-344.1M | $298.6M | ||
| Q2 24 | $-203.2M | $292.1M |
| Q1 26 | — | $4.5B | ||
| Q4 25 | $308.9M | — | ||
| Q3 25 | $362.6M | $4.0B | ||
| Q2 25 | $379.2M | $3.7B | ||
| Q1 25 | $405.1M | $3.6B | ||
| Q4 24 | $437.4M | — | ||
| Q3 24 | $537.8M | $3.3B | ||
| Q2 24 | $691.5M | $3.2B |
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 | $8.2M | $40.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 5.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.6M | ||
| Q4 25 | $8.2M | — | ||
| Q3 25 | $11.4M | — | ||
| Q2 25 | $-21.3M | — | ||
| Q1 25 | $8.5M | $-65.0M | ||
| Q4 24 | $-14.7M | — | ||
| Q3 24 | $-9.4M | — | ||
| Q2 24 | $-11.9M | — |
| Q1 26 | — | 5.03× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.11× | — | ||
| Q1 25 | — | -10.94× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
