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Side-by-side financial comparison of STEM, INC. (STEM) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $26.9M, roughly 1.7× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -33.9%, a 73.1% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 17.3%).
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.
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.
STEM vs WTBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $47.1M | $26.9M |
| Net Profit | $-16.0M | $10.6M |
| Gross Margin | 48.9% | — |
| Operating Margin | -17.7% | 50.0% |
| Net Margin | -33.9% | 39.2% |
| Revenue YoY | -15.6% | 16.6% |
| Net Profit YoY | 68.8% | 34.8% |
| EPS (diluted) | $-4.40 | $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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $47.1M | $24.2M | ||
| Q3 25 | $38.2M | $25.0M | ||
| Q2 25 | $38.4M | $23.8M | ||
| Q1 25 | $32.5M | $23.1M | ||
| Q4 24 | $55.8M | $20.9M | ||
| Q3 24 | $29.3M | $20.3M | ||
| Q2 24 | $34.0M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $-16.0M | $7.4M | ||
| Q3 25 | $-23.8M | $9.3M | ||
| Q2 25 | $202.5M | $8.0M | ||
| Q1 25 | $-25.0M | $7.8M | ||
| Q4 24 | $-51.1M | $7.1M | ||
| Q3 24 | $-148.3M | $6.0M | ||
| Q2 24 | $-582.3M | $5.2M |
| 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 | — | 50.0% | ||
| Q4 25 | -17.7% | 39.6% | ||
| Q3 25 | -33.6% | 45.8% | ||
| Q2 25 | -34.8% | 43.4% | ||
| Q1 25 | -65.0% | 43.4% | ||
| Q4 24 | -84.4% | 30.9% | ||
| Q3 24 | -493.2% | 36.6% | ||
| Q2 24 | -1705.5% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | -33.9% | 30.7% | ||
| Q3 25 | -62.2% | 37.3% | ||
| Q2 25 | 527.8% | 33.5% | ||
| Q1 25 | -76.9% | 34.0% | ||
| Q4 24 | -91.6% | 34.0% | ||
| Q3 24 | -506.3% | 29.3% | ||
| Q2 24 | -1712.6% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $-4.40 | $0.44 | ||
| Q3 25 | $-2.84 | $0.55 | ||
| Q2 25 | $-1.79 | $0.47 | ||
| Q1 25 | $-0.15 | $0.46 | ||
| Q4 24 | $-15.29 | $0.41 | ||
| Q3 24 | $-18.24 | $0.35 | ||
| Q2 24 | $-71.81 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-249.4M | $270.7M |
| Total Assets | $308.9M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $48.9M | $471.1M | ||
| Q3 25 | $43.1M | $232.9M | ||
| Q2 25 | $40.8M | $345.2M | ||
| Q1 25 | $58.6M | — | ||
| Q4 24 | $56.3M | $243.5M | ||
| Q3 24 | $75.4M | — | ||
| Q2 24 | $89.6M | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | $-249.4M | $266.0M | ||
| Q3 25 | $-235.7M | $255.1M | ||
| Q2 25 | $-214.1M | $240.9M | ||
| Q1 25 | $-417.5M | $237.9M | ||
| Q4 24 | $-398.4M | $227.9M | ||
| Q3 24 | $-344.1M | $235.4M | ||
| Q2 24 | $-203.2M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $308.9M | $4.1B | ||
| Q3 25 | $362.6M | $4.0B | ||
| Q2 25 | $379.2M | $4.1B | ||
| Q1 25 | $405.1M | $4.0B | ||
| Q4 24 | $437.4M | $4.0B | ||
| Q3 24 | $537.8M | $4.0B | ||
| Q2 24 | $691.5M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $8.2M | $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.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $8.2M | $46.5M | ||
| Q3 25 | $11.4M | $11.4M | ||
| Q2 25 | $-21.3M | $13.5M | ||
| Q1 25 | $8.5M | $9.7M | ||
| Q4 24 | $-14.7M | $39.8M | ||
| Q3 24 | $-9.4M | $12.9M | ||
| Q2 24 | $-11.9M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | — | $43.2M | ||
| Q3 25 | — | $10.8M | ||
| Q2 25 | — | $12.8M | ||
| Q1 25 | — | $8.3M | ||
| Q4 24 | — | $13.7M | ||
| Q3 24 | — | $7.0M | ||
| Q2 24 | — | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | — | 178.3% | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | — | 53.6% | ||
| Q1 25 | — | 35.7% | ||
| Q4 24 | — | 65.6% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 125.3% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | — | 6.26× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | -0.11× | 1.70× | ||
| Q1 25 | — | 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.
