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Side-by-side financial comparison of Viridian Therapeutics, Inc.\DE (VRDN) and ZKH Group Ltd (ZKH). Click either name above to swap in a different company.

Viridian Therapeutics, Inc.\DE is the larger business by last-quarter revenue ($70.6M vs $45.1M, roughly 1.6× ZKH Group Ltd). ZKH Group Ltd runs the higher net margin — -1.0% vs -49.0%, a 48.0% gap on every dollar of revenue.

Viridian Therapeutics is a clinical-stage biotechnology firm developing novel disease-modifying therapies for rare, serious autoimmune and inflammatory diseases. Its lead pipeline candidate targets thyroid eye disease, a debilitating orbital disorder, with primary market focus on North America and Europe.

ZKH Group Ltd is a leading industrial supply chain service provider headquartered in China, specializing in MRO (Maintenance, Repair and Operations) products, industrial components, and digital procurement solutions. It mainly serves manufacturing, construction and energy sectors across the Asia-Pacific, delivering end-to-end inventory management and cost optimization support for enterprise clients.

VRDN vs ZKH — Head-to-Head

Bigger by revenue
VRDN
VRDN
1.6× larger
VRDN
$70.6M
$45.1M
ZKH
Higher net margin
ZKH
ZKH
48.0% more per $
ZKH
-1.0%
-49.0%
VRDN

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
VRDN
VRDN
ZKH
ZKH
Revenue
$70.6M
$45.1M
Net Profit
$-34.6M
$-471.3K
Gross Margin
16.8%
Operating Margin
-56.7%
-1.4%
Net Margin
-49.0%
-1.0%
Revenue YoY
81958.1%
Net Profit YoY
54.9%
EPS (diluted)

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
VRDN
VRDN
ZKH
ZKH
Q3 25
$70.6M
$45.1M
Q2 25
$41.7M
Q1 25
$36.8M
Q3 24
$44.8M
Q2 24
$42.7M
Q1 24
$35.6M
Q4 23
$47.5M
Net Profit
VRDN
VRDN
ZKH
ZKH
Q3 25
$-34.6M
$-471.3K
Q2 25
$-1.0M
Q1 25
$-1.3M
Q3 24
$-1.6M
Q2 24
$-1.3M
Q1 24
$-1.7M
Q4 23
$393.0K
Gross Margin
VRDN
VRDN
ZKH
ZKH
Q3 25
16.8%
Q2 25
16.5%
Q1 25
17.2%
Q3 24
17.0%
Q2 24
17.0%
Q1 24
18.0%
Q4 23
17.1%
Operating Margin
VRDN
VRDN
ZKH
ZKH
Q3 25
-56.7%
-1.4%
Q2 25
-3.3%
Q1 25
-4.2%
Q3 24
-4.6%
Q2 24
-3.2%
Q1 24
-7.0%
Q4 23
-0.3%
Net Margin
VRDN
VRDN
ZKH
ZKH
Q3 25
-49.0%
-1.0%
Q2 25
-2.5%
Q1 25
-3.4%
Q3 24
-3.6%
Q2 24
-2.9%
Q1 24
-4.9%
Q4 23
0.8%

Balance Sheet & Financial Strength

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

Metric
VRDN
VRDN
ZKH
ZKH
Cash + ST InvestmentsLiquidity on hand
$490.9M
$35.3M
Total DebtLower is stronger
$893.8K
Stockholders' EquityBook value
$503.0M
Total Assets
$577.1M
$123.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VRDN
VRDN
ZKH
ZKH
Q3 25
$490.9M
$35.3M
Q2 25
$33.8M
Q1 25
$32.0M
Q3 24
$39.0M
Q2 24
$35.9M
Q1 24
$36.0M
Q4 23
$271.1M
Total Debt
VRDN
VRDN
ZKH
ZKH
Q3 25
$893.8K
Q2 25
$888.3K
Q1 25
$854.9K
Q3 24
Q2 24
Q1 24
Q4 23
Stockholders' Equity
VRDN
VRDN
ZKH
ZKH
Q3 25
$503.0M
Q2 25
Q1 25
Q3 24
$60.6M
Q2 24
$60.7M
Q1 24
$61.5M
Q4 23
$443.2M
Total Assets
VRDN
VRDN
ZKH
ZKH
Q3 25
$577.1M
$123.8M
Q2 25
$120.6M
Q1 25
$116.4M
Q3 24
$132.6M
Q2 24
$132.9M
Q1 24
$132.5M
Q4 23
$1.0B

Cash Flow & Capital Efficiency

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

Metric
VRDN
VRDN
ZKH
ZKH
Operating Cash FlowLast quarter
$-84.6M
Free Cash FlowOCF − Capex
$-84.7M
FCF MarginFCF / Revenue
-120.1%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VRDN
VRDN
ZKH
ZKH
Q3 25
$-84.6M
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
$-78.4M
Free Cash Flow
VRDN
VRDN
ZKH
ZKH
Q3 25
$-84.7M
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
$-85.3M
FCF Margin
VRDN
VRDN
ZKH
ZKH
Q3 25
-120.1%
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
-179.7%
Capex Intensity
VRDN
VRDN
ZKH
ZKH
Q3 25
0.2%
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
14.7%
Cash Conversion
VRDN
VRDN
ZKH
ZKH
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
-199.42×

Financial Flow Comparison

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

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