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Side-by-side financial comparison of Star Equity Holdings, Inc. (STRR) and Vanda Pharmaceuticals Inc. (VNDA). Click either name above to swap in a different company.
Vanda Pharmaceuticals Inc. is the larger business by last-quarter revenue ($57.2M vs $56.8M, roughly 1.0× Star Equity Holdings, Inc.). Star Equity Holdings, Inc. runs the higher net margin — -3.0% vs -246.8%, a 243.8% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs 7.6%). Star Equity Holdings, Inc. produced more free cash flow last quarter ($-9.0M vs $-29.5M). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% CAGR vs 9.8%).
Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.
Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on developing and commercializing innovative therapies for central nervous system disorders. Its key marketed products cover indications including sleep-wake cycle disturbances and schizophrenia, with core operations and primary sales markets concentrated in North America, catering to patient groups with significant unmet medical needs.
STRR vs VNDA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $57.2M |
| Net Profit | $-1.7M | $-141.2M |
| Gross Margin | — | — |
| Operating Margin | -0.2% | -70.5% |
| Net Margin | -3.0% | -246.8% |
| Revenue YoY | 69.0% | 7.6% |
| Net Profit YoY | -192.1% | -2774.3% |
| EPS (diluted) | $-0.49 | $-2.40 |
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.
| Q4 25 | $56.8M | $57.2M | ||
| Q3 25 | $48.0M | $56.3M | ||
| Q2 25 | $35.5M | $52.6M | ||
| Q1 25 | $31.9M | $50.0M | ||
| Q4 24 | $33.6M | $53.2M | ||
| Q3 24 | $36.9M | $47.7M | ||
| Q2 24 | $35.7M | $50.5M | ||
| Q1 24 | $33.9M | $47.5M |
| Q4 25 | $-1.7M | $-141.2M | ||
| Q3 25 | $-1.8M | $-22.6M | ||
| Q2 25 | $-688.0K | $-27.2M | ||
| Q1 25 | $-1.8M | $-29.5M | ||
| Q4 24 | $-585.0K | $-4.9M | ||
| Q3 24 | $-846.0K | $-5.3M | ||
| Q2 24 | $-441.0K | $-4.5M | ||
| Q1 24 | $-2.9M | $-4.1M |
| Q4 25 | — | — | ||
| Q3 25 | 43.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 50.5% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -0.2% | -70.5% | ||
| Q3 25 | -3.4% | -55.6% | ||
| Q2 25 | -0.6% | -73.2% | ||
| Q1 25 | -5.4% | -82.0% | ||
| Q4 24 | -0.4% | -19.3% | ||
| Q3 24 | -1.2% | -23.1% | ||
| Q2 24 | -0.5% | -20.1% | ||
| Q1 24 | -9.0% | -19.5% |
| Q4 25 | -3.0% | -246.8% | ||
| Q3 25 | -3.7% | -40.1% | ||
| Q2 25 | -1.9% | -51.7% | ||
| Q1 25 | -5.5% | -58.9% | ||
| Q4 24 | -1.7% | -9.2% | ||
| Q3 24 | -2.3% | -11.2% | ||
| Q2 24 | -1.2% | -9.0% | ||
| Q1 24 | -8.6% | -8.7% |
| Q4 25 | $-0.49 | $-2.40 | ||
| Q3 25 | $-0.54 | $-0.38 | ||
| Q2 25 | $-0.23 | $-0.46 | ||
| Q1 25 | $-0.59 | $-0.50 | ||
| Q4 24 | $-0.21 | $-0.09 | ||
| Q3 24 | $-0.28 | $-0.09 | ||
| Q2 24 | $-0.15 | $-0.08 | ||
| Q1 24 | $-0.95 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.3M | $84.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $65.7M | $327.2M |
| Total Assets | $113.2M | $488.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $84.9M | ||
| Q3 25 | $15.4M | $70.0M | ||
| Q2 25 | $16.8M | $81.0M | ||
| Q1 25 | $16.6M | $111.8M | ||
| Q4 24 | $17.0M | $102.3M | ||
| Q3 24 | $15.8M | $100.5M | ||
| Q2 24 | $14.7M | $103.0M | ||
| Q1 24 | $20.4M | $125.2M |
| Q4 25 | — | — | ||
| Q3 25 | $6.5M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $65.7M | $327.2M | ||
| Q3 25 | $67.8M | $466.0M | ||
| Q2 25 | $40.1M | $486.3M | ||
| Q1 25 | $39.5M | $511.4M | ||
| Q4 24 | $40.4M | $538.5M | ||
| Q3 24 | $42.9M | $541.2M | ||
| Q2 24 | $42.6M | $542.5M | ||
| Q1 24 | $44.3M | $544.0M |
| Q4 25 | $113.2M | $488.9M | ||
| Q3 25 | $117.1M | $601.1M | ||
| Q2 25 | $55.6M | $624.7M | ||
| Q1 25 | $53.2M | $631.9M | ||
| Q4 24 | $52.6M | $656.2M | ||
| Q3 24 | $52.6M | $645.1M | ||
| Q2 24 | $52.6M | $651.4M | ||
| Q1 24 | $52.6M | $652.7M |
| Q4 25 | — | — | ||
| Q3 25 | 0.10× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-7.3M | $-29.4M |
| Free Cash FlowOCF − Capex | $-9.0M | $-29.5M |
| FCF MarginFCF / Revenue | -15.8% | -51.6% |
| Capex IntensityCapex / Revenue | 3.0% | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.0M | $-110.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.3M | $-29.4M | ||
| Q3 25 | $-2.7M | $-31.6M | ||
| Q2 25 | $139.0K | $-15.3M | ||
| Q1 25 | $-802.0K | $-33.1M | ||
| Q4 24 | $-2.8M | $-1.8M | ||
| Q3 24 | $1.3M | $-14.6M | ||
| Q2 24 | $-4.3M | $-6.9M | ||
| Q1 24 | $-1.8M | $7.6M |
| Q4 25 | $-9.0M | $-29.5M | ||
| Q3 25 | $-3.4M | $-31.8M | ||
| Q2 25 | $102.0K | $-15.6M | ||
| Q1 25 | $-808.0K | $-33.6M | ||
| Q4 24 | $-2.8M | $-2.0M | ||
| Q3 24 | $1.3M | $-14.7M | ||
| Q2 24 | $-4.3M | $-7.0M | ||
| Q1 24 | $-1.8M | $7.6M |
| Q4 25 | -15.8% | -51.6% | ||
| Q3 25 | -7.0% | -56.5% | ||
| Q2 25 | 0.3% | -29.6% | ||
| Q1 25 | -2.5% | -67.1% | ||
| Q4 24 | -8.3% | -3.8% | ||
| Q3 24 | 3.4% | -30.9% | ||
| Q2 24 | -12.0% | -13.9% | ||
| Q1 24 | -5.3% | 15.9% |
| Q4 25 | 3.0% | 0.2% | ||
| Q3 25 | 1.3% | 0.3% | ||
| Q2 25 | 0.1% | 0.6% | ||
| Q1 25 | 0.0% | 0.9% | ||
| Q4 24 | 0.1% | 0.4% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | 0.0% | 0.2% | ||
| Q1 24 | 0.0% | 0.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
STRR
| Revenue From Other Contracts With Customers | $27.6M | 49% |
| Other | $24.3M | 43% |
| Energy Services Segment | $4.9M | 9% |
VNDA
| Fanapt | $33.2M | 58% |
| Hetlioz | $16.4M | 29% |
| PONVORY | $7.6M | 13% |
