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Side-by-side financial comparison of Aardvark Therapeutics, Inc. (AARD) and ABVC BIOPHARMA, INC. (ABVC). Click either name above to swap in a different company.

Aardvark Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing novel targeted therapies for inflammatory, metabolic, and orphan diseases. It advances G-protein coupled receptor-targeting pipeline candidates, serving patient populations primarily in North America and global markets via R&D partnerships.

ABVC Biopharma Inc. is a clinical-stage biopharmaceutical enterprise focused on developing innovative therapies for unmet medical needs, with core areas including oncology, ophthalmology, and central nervous system disorders. It operates across North American and Asian markets, advancing multiple proprietary drug candidates through clinical development phases.

AARD vs ABVC — Head-to-Head

Bigger by revenue
ABVC
ABVC
Infinity× larger
ABVC
$796.0K
$0
AARD

Income Statement — Q4 2025 vs Q3 2025

Metric
AARD
AARD
ABVC
ABVC
Revenue
$0
$796.0K
Net Profit
$-17.6M
$-2.0M
Gross Margin
100.0%
Operating Margin
-246.8%
Net Margin
-256.6%
Revenue YoY
104.5%
Net Profit YoY
-417.4%
EPS (diluted)
$-0.81
$-0.09

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
AARD
AARD
ABVC
ABVC
Q4 25
$0
Q3 25
$0
$796.0K
Q2 25
$0
Q1 25
$0
Q4 24
$2.0K
Q3 24
$389.3K
Q2 24
$117.1K
Q1 24
$1.2K
Net Profit
AARD
AARD
ABVC
ABVC
Q4 25
$-17.6M
Q3 25
$-16.3M
$-2.0M
Q2 25
$-14.4M
Q1 25
$-9.3M
Q4 24
$-731.6K
Q3 24
$-394.8K
Q2 24
$-942.3K
Q1 24
$-2.8M
Gross Margin
AARD
AARD
ABVC
ABVC
Q4 25
Q3 25
100.0%
Q2 25
Q1 25
Q4 24
100.0%
Q3 24
99.9%
Q2 24
99.8%
Q1 24
77.0%
Operating Margin
AARD
AARD
ABVC
ABVC
Q4 25
Q3 25
-246.8%
Q2 25
Q1 25
Q4 24
-35837.4%
Q3 24
-77.7%
Q2 24
-734.2%
Q1 24
-235539.8%
Net Margin
AARD
AARD
ABVC
ABVC
Q4 25
Q3 25
-256.6%
Q2 25
Q1 25
Q4 24
-37211.3%
Q3 24
-101.4%
Q2 24
-804.4%
Q1 24
-235203.2%
EPS (diluted)
AARD
AARD
ABVC
ABVC
Q4 25
$-0.81
Q3 25
$-0.75
$-0.09
Q2 25
$-0.66
Q1 25
$-0.71
Q4 24
$-0.02
Q3 24
$-0.03
Q2 24
$-0.08
Q1 24
$-0.29

Balance Sheet & Financial Strength

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

Metric
AARD
AARD
ABVC
ABVC
Cash + ST InvestmentsLiquidity on hand
$110.0M
$257.2K
Total DebtLower is stronger
Stockholders' EquityBook value
$106.6M
$12.1M
Total Assets
$117.2M
$21.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AARD
AARD
ABVC
ABVC
Q4 25
$110.0M
Q3 25
$126.3M
$257.2K
Q2 25
$141.8M
Q1 25
$151.3M
Q4 24
$313.1K
Q3 24
$208.2K
Q2 24
$200.0K
Q1 24
$106.4K
Stockholders' Equity
AARD
AARD
ABVC
ABVC
Q4 25
$106.6M
Q3 25
$122.4M
$12.1M
Q2 25
$136.9M
Q1 25
$150.7M
Q4 24
$1.2M
Q3 24
$1.6M
Q2 24
$1.8M
Q1 24
$1.7M
Total Assets
AARD
AARD
ABVC
ABVC
Q4 25
$117.2M
Q3 25
$133.2M
$21.2M
Q2 25
$147.5M
Q1 25
$157.0M
Q4 24
$7.5M
Q3 24
$7.8M
Q2 24
$8.0M
Q1 24
$8.0M

Cash Flow & Capital Efficiency

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

Metric
AARD
AARD
ABVC
ABVC
Operating Cash FlowLast quarter
$-16.8M
$-964.7K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AARD
AARD
ABVC
ABVC
Q4 25
$-16.8M
Q3 25
$-16.1M
$-964.7K
Q2 25
$-9.8M
Q1 25
$-11.4M
Q4 24
$-702.1K
Q3 24
$60.2K
Q2 24
$-211.4K
Q1 24
$-955.8K
Free Cash Flow
AARD
AARD
ABVC
ABVC
Q4 25
Q3 25
$-16.1M
Q2 25
$-9.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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