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Side-by-side financial comparison of Venus Concept Inc. (VERO) 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 $13.8M, roughly 2.0× Venus Concept Inc.). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -163.8%, a 203.0% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs -8.2%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $-4.9M). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% CAGR vs -12.8%).
Venus Concept Inc is a global medical technology firm specializing in the development, manufacturing, and distribution of non-invasive and minimally invasive aesthetic medical devices. Its product portfolio covers hair removal, skin rejuvenation, body contouring, and anti-aging solutions, serving dermatology clinics, plastic surgery centers, and medical spas across North America, Europe, and Asia Pacific markets.
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.
VERO vs WTBA — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $13.8M | $26.9M |
| Net Profit | $-22.6M | $10.6M |
| Gross Margin | 64.0% | — |
| Operating Margin | -68.9% | 50.0% |
| Net Margin | -163.8% | 39.2% |
| Revenue YoY | -8.2% | 16.6% |
| Net Profit YoY | -143.0% | 34.8% |
| EPS (diluted) | $-12.14 | $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 | — | $24.2M | ||
| Q3 25 | $13.8M | $25.0M | ||
| Q2 25 | $15.7M | $23.8M | ||
| Q1 25 | $13.6M | $23.1M | ||
| Q4 24 | $15.8M | $20.9M | ||
| Q3 24 | $15.0M | $20.3M | ||
| Q2 24 | $16.6M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | — | $7.4M | ||
| Q3 25 | $-22.6M | $9.3M | ||
| Q2 25 | $-11.7M | $8.0M | ||
| Q1 25 | $-12.4M | $7.8M | ||
| Q4 24 | $-8.0M | $7.1M | ||
| Q3 24 | $-9.3M | $6.0M | ||
| Q2 24 | $-20.0M | $5.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 64.0% | — | ||
| Q2 25 | 60.1% | — | ||
| Q1 25 | 64.2% | — | ||
| Q4 24 | 69.1% | — | ||
| Q3 24 | 66.1% | — | ||
| Q2 24 | 71.5% | — |
| Q1 26 | — | 50.0% | ||
| Q4 25 | — | 39.6% | ||
| Q3 25 | -68.9% | 45.8% | ||
| Q2 25 | -57.6% | 43.4% | ||
| Q1 25 | -69.8% | 43.4% | ||
| Q4 24 | -42.3% | 30.9% | ||
| Q3 24 | -47.7% | 36.6% | ||
| Q2 24 | -33.7% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | — | 30.7% | ||
| Q3 25 | -163.8% | 37.3% | ||
| Q2 25 | -74.7% | 33.5% | ||
| Q1 25 | -90.6% | 34.0% | ||
| Q4 24 | -50.5% | 34.0% | ||
| Q3 24 | -61.9% | 29.3% | ||
| Q2 24 | -120.3% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | — | $0.44 | ||
| Q3 25 | $-12.14 | $0.55 | ||
| Q2 25 | $-8.03 | $0.47 | ||
| Q1 25 | $-17.44 | $0.46 | ||
| Q4 24 | $-10.26 | $0.41 | ||
| Q3 24 | $-13.10 | $0.35 | ||
| Q2 24 | $-30.93 | $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 | $4.3M | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7M | $270.7M |
| Total Assets | $61.6M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | — | $471.1M | ||
| Q3 25 | $4.3M | $232.9M | ||
| Q2 25 | $3.9M | $345.2M | ||
| Q1 25 | $3.2M | — | ||
| Q4 24 | $4.3M | $243.5M | ||
| Q3 24 | $4.5M | — | ||
| Q2 24 | $5.7M | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | — | $266.0M | ||
| Q3 25 | $2.7M | $255.1M | ||
| Q2 25 | $2.3M | $240.9M | ||
| Q1 25 | $2.3M | $237.9M | ||
| Q4 24 | $2.4M | $227.9M | ||
| Q3 24 | $10.1M | $235.4M | ||
| Q2 24 | $3.7M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | — | $4.1B | ||
| Q3 25 | $61.6M | $4.0B | ||
| Q2 25 | $63.1M | $4.1B | ||
| Q1 25 | $63.5M | $4.0B | ||
| Q4 24 | $68.2M | $4.0B | ||
| Q3 24 | $72.3M | $4.0B | ||
| Q2 24 | $79.8M | $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 | $-4.9M | $12.9M |
| Free Cash FlowOCF − Capex | $-4.9M | $12.4M |
| FCF MarginFCF / Revenue | -35.6% | 46.0% |
| Capex IntensityCapex / Revenue | 0.1% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-20.7M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | — | $46.5M | ||
| Q3 25 | $-4.9M | $11.4M | ||
| Q2 25 | $-5.4M | $13.5M | ||
| Q1 25 | $-6.3M | $9.7M | ||
| Q4 24 | $-3.8M | $39.8M | ||
| Q3 24 | $-3.0M | $12.9M | ||
| Q2 24 | $-1.3M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | — | $43.2M | ||
| Q3 25 | $-4.9M | $10.8M | ||
| Q2 25 | $-5.6M | $12.8M | ||
| Q1 25 | $-6.3M | $8.3M | ||
| Q4 24 | $-3.9M | $13.7M | ||
| Q3 24 | $-3.1M | $7.0M | ||
| Q2 24 | $-1.4M | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | — | 178.3% | ||
| Q3 25 | -35.6% | 43.0% | ||
| Q2 25 | -35.8% | 53.6% | ||
| Q1 25 | -46.5% | 35.7% | ||
| Q4 24 | -24.7% | 65.6% | ||
| Q3 24 | -20.3% | 34.2% | ||
| Q2 24 | -8.2% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | 0.1% | 2.6% | ||
| Q2 25 | 1.0% | 3.2% | ||
| Q1 25 | 0.3% | 6.5% | ||
| Q4 24 | 0.5% | 125.3% | ||
| Q3 24 | 0.0% | 29.4% | ||
| Q2 24 | 0.1% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | — | 6.26× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 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.
Revenue Breakdown by Segment
VERO
| Products And Services | $10.8M | 79% |
| Leases | $2.9M | 21% |
WTBA
Segment breakdown not available.
