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Side-by-side financial comparison of STEM, INC. (STEM) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.

VINCE HOLDING CORP. is the larger business by last-quarter revenue ($85.1M vs $47.1M, roughly 1.8× STEM, INC.). VINCE HOLDING CORP. runs the higher net margin — 3.2% vs -33.9%, a 37.1% gap on every dollar of revenue. On growth, VINCE HOLDING CORP. posted the faster year-over-year revenue change (6.2% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 6.3%).

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.

VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.

STEM vs VNCE — Head-to-Head

Bigger by revenue
VNCE
VNCE
1.8× larger
VNCE
$85.1M
$47.1M
STEM
Growing faster (revenue YoY)
VNCE
VNCE
+21.7% gap
VNCE
6.2%
-15.6%
STEM
Higher net margin
VNCE
VNCE
37.1% more per $
VNCE
3.2%
-33.9%
STEM
Faster 2-yr revenue CAGR
STEM
STEM
Annualised
STEM
36.1%
6.3%
VNCE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
STEM
STEM
VNCE
VNCE
Revenue
$47.1M
$85.1M
Net Profit
$-16.0M
$2.7M
Gross Margin
48.9%
49.2%
Operating Margin
-17.7%
6.4%
Net Margin
-33.9%
3.2%
Revenue YoY
-15.6%
6.2%
Net Profit YoY
68.8%
-37.3%
EPS (diluted)
$-4.40
$0.21

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
STEM
STEM
VNCE
VNCE
Q4 25
$47.1M
$85.1M
Q3 25
$38.2M
$73.2M
Q2 25
$38.4M
$57.9M
Q1 25
$32.5M
$80.0M
Q4 24
$55.8M
$80.2M
Q3 24
$29.3M
$74.2M
Q2 24
$34.0M
$59.2M
Q1 24
$25.5M
$75.3M
Net Profit
STEM
STEM
VNCE
VNCE
Q4 25
$-16.0M
$2.7M
Q3 25
$-23.8M
$12.1M
Q2 25
$202.5M
$-4.8M
Q1 25
$-25.0M
$-28.3M
Q4 24
$-51.1M
$4.3M
Q3 24
$-148.3M
$569.0K
Q2 24
$-582.3M
$4.4M
Q1 24
$-72.3M
$-4.7M
Gross Margin
STEM
STEM
VNCE
VNCE
Q4 25
48.9%
49.2%
Q3 25
35.5%
50.4%
Q2 25
33.4%
50.3%
Q1 25
32.4%
50.1%
Q4 24
-4.4%
50.0%
Q3 24
21.2%
47.4%
Q2 24
27.6%
50.6%
Q1 24
-95.0%
45.4%
Operating Margin
STEM
STEM
VNCE
VNCE
Q4 25
-17.7%
6.4%
Q3 25
-33.6%
15.2%
Q2 25
-34.8%
-7.7%
Q1 25
-65.0%
-37.1%
Q4 24
-84.4%
7.2%
Q3 24
-493.2%
1.5%
Q2 24
-1705.5%
9.5%
Q1 24
-267.0%
-2.2%
Net Margin
STEM
STEM
VNCE
VNCE
Q4 25
-33.9%
3.2%
Q3 25
-62.2%
16.5%
Q2 25
527.8%
-8.3%
Q1 25
-76.9%
-35.5%
Q4 24
-91.6%
5.4%
Q3 24
-506.3%
0.8%
Q2 24
-1712.6%
7.4%
Q1 24
-283.9%
-6.2%
EPS (diluted)
STEM
STEM
VNCE
VNCE
Q4 25
$-4.40
$0.21
Q3 25
$-2.84
$0.93
Q2 25
$-1.79
$-0.37
Q1 25
$-0.15
$-2.25
Q4 24
$-15.29
$0.34
Q3 24
$-18.24
$0.05
Q2 24
$-71.81
$0.35
Q1 24
$-0.46
$-0.37

Balance Sheet & Financial Strength

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

Metric
STEM
STEM
VNCE
VNCE
Cash + ST InvestmentsLiquidity on hand
$48.9M
$1.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-249.4M
$53.4M
Total Assets
$308.9M
$246.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STEM
STEM
VNCE
VNCE
Q4 25
$48.9M
$1.1M
Q3 25
$43.1M
$777.0K
Q2 25
$40.8M
$2.6M
Q1 25
$58.6M
$607.0K
Q4 24
$56.3M
$892.0K
Q3 24
$75.4M
$711.0K
Q2 24
$89.6M
$739.0K
Q1 24
$112.8M
$357.0K
Stockholders' Equity
STEM
STEM
VNCE
VNCE
Q4 25
$-249.4M
$53.4M
Q3 25
$-235.7M
$49.3M
Q2 25
$-214.1M
$37.2M
Q1 25
$-417.5M
$41.8M
Q4 24
$-398.4M
$57.1M
Q3 24
$-344.1M
$52.4M
Q2 24
$-203.2M
$51.7M
Q1 24
$371.6M
$47.2M
Total Assets
STEM
STEM
VNCE
VNCE
Q4 25
$308.9M
$246.0M
Q3 25
$362.6M
$239.0M
Q2 25
$379.2M
$218.0M
Q1 25
$405.1M
$222.7M
Q4 24
$437.4M
$254.7M
Q3 24
$537.8M
$253.6M
Q2 24
$691.5M
$223.1M
Q1 24
$1.3B
$225.1M

Cash Flow & Capital Efficiency

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

Metric
STEM
STEM
VNCE
VNCE
Operating Cash FlowLast quarter
$8.2M
$-5.1M
Free Cash FlowOCF − Capex
$-5.7M
FCF MarginFCF / Revenue
-6.7%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
-1.86×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STEM
STEM
VNCE
VNCE
Q4 25
$8.2M
$-5.1M
Q3 25
$11.4M
$4.2M
Q2 25
$-21.3M
$-11.8M
Q1 25
$8.5M
$22.7M
Q4 24
$-14.7M
$6.4M
Q3 24
$-9.4M
$-3.2M
Q2 24
$-11.9M
$-3.9M
Q1 24
$-621.0K
$14.8M
Free Cash Flow
STEM
STEM
VNCE
VNCE
Q4 25
$-5.7M
Q3 25
$2.1M
Q2 25
$-13.2M
Q1 25
$21.2M
Q4 24
$5.1M
Q3 24
$-3.9M
Q2 24
$-4.6M
Q1 24
$14.2M
FCF Margin
STEM
STEM
VNCE
VNCE
Q4 25
-6.7%
Q3 25
2.9%
Q2 25
-22.9%
Q1 25
26.5%
Q4 24
6.4%
Q3 24
-5.2%
Q2 24
-7.8%
Q1 24
18.9%
Capex Intensity
STEM
STEM
VNCE
VNCE
Q4 25
0.7%
Q3 25
2.9%
Q2 25
2.5%
Q1 25
1.9%
Q4 24
1.6%
Q3 24
0.9%
Q2 24
1.3%
Q1 24
0.7%
Cash Conversion
STEM
STEM
VNCE
VNCE
Q4 25
-1.86×
Q3 25
0.35×
Q2 25
-0.11×
Q1 25
Q4 24
1.48×
Q3 24
-5.61×
Q2 24
-0.89×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

STEM
STEM

Segment breakdown not available.

VNCE
VNCE

Vince Wholesale$52.0M61%
Vince Direct To Consumer$33.1M39%

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