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Side-by-side financial comparison of ACADIA PHARMACEUTICALS INC (ACAD) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
ACADIA PHARMACEUTICALS INC is the larger business by last-quarter revenue ($284.0M vs $152.8M, roughly 1.9× Riot Platforms, Inc.). ACADIA PHARMACEUTICALS INC runs the higher net margin — 96.3% vs -452.0%, a 548.3% gap on every dollar of revenue. On growth, ACADIA PHARMACEUTICALS INC posted the faster year-over-year revenue change (9.4% vs 7.2%). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs 17.5%).
Acadia Pharmaceuticals Inc. is a biopharmaceutical company headquartered in Del Mar, San Diego, California.
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
ACAD vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $284.0M | $152.8M |
| Net Profit | $273.6M | $-690.7M |
| Gross Margin | 90.8% | — |
| Operating Margin | 6.1% | -447.9% |
| Net Margin | 96.3% | -452.0% |
| Revenue YoY | 9.4% | 7.2% |
| Net Profit YoY | 90.3% | -606.3% |
| EPS (diluted) | $1.61 | $-1.89 |
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 | $284.0M | $152.8M | ||
| Q3 25 | $278.6M | $180.2M | ||
| Q2 25 | $264.6M | $153.0M | ||
| Q1 25 | $244.3M | $161.4M | ||
| Q4 24 | $259.6M | $142.6M | ||
| Q3 24 | $250.4M | $84.8M | ||
| Q2 24 | $242.0M | $70.0M | ||
| Q1 24 | $205.8M | $79.3M |
| Q4 25 | $273.6M | $-690.7M | ||
| Q3 25 | $71.8M | $104.5M | ||
| Q2 25 | $26.7M | $219.5M | ||
| Q1 25 | $19.0M | $-296.4M | ||
| Q4 24 | $143.7M | $136.4M | ||
| Q3 24 | $32.8M | $-154.4M | ||
| Q2 24 | $33.4M | $-84.4M | ||
| Q1 24 | $16.6M | $211.8M |
| Q4 25 | 90.8% | — | ||
| Q3 25 | 92.2% | — | ||
| Q2 25 | 92.2% | — | ||
| Q1 25 | 91.7% | — | ||
| Q4 24 | 91.6% | — | ||
| Q3 24 | 92.5% | — | ||
| Q2 24 | 92.5% | — | ||
| Q1 24 | 88.8% | — |
| Q4 25 | 6.1% | -447.9% | ||
| Q3 25 | 12.8% | 44.4% | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 7.9% | -144.9% | ||
| Q4 24 | 59.1% | — | ||
| Q3 24 | 12.6% | -143.3% | ||
| Q2 24 | 12.6% | -167.2% | ||
| Q1 24 | 7.4% | — |
| Q4 25 | 96.3% | -452.0% | ||
| Q3 25 | 25.8% | 58.0% | ||
| Q2 25 | 10.1% | 143.4% | ||
| Q1 25 | 7.8% | -183.6% | ||
| Q4 24 | 55.4% | 95.7% | ||
| Q3 24 | 13.1% | -182.1% | ||
| Q2 24 | 13.8% | -120.6% | ||
| Q1 24 | 8.0% | 267.1% |
| Q4 25 | $1.61 | $-1.89 | ||
| Q3 25 | $0.42 | $0.26 | ||
| Q2 25 | $0.16 | $0.58 | ||
| Q1 25 | $0.11 | $-0.90 | ||
| Q4 24 | $0.86 | $0.39 | ||
| Q3 24 | $0.20 | $-0.54 | ||
| Q2 24 | $0.20 | $-0.32 | ||
| Q1 24 | $0.10 | $0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $177.7M | $233.5M |
| Total DebtLower is stronger | — | $840.8M |
| Stockholders' EquityBook value | $1.2B | $2.9B |
| Total Assets | $1.6B | $3.9B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $177.7M | $233.5M | ||
| Q3 25 | $258.0M | $330.7M | ||
| Q2 25 | $253.6M | $255.4M | ||
| Q1 25 | $217.7M | $163.7M | ||
| Q4 24 | $319.6M | $277.9M | ||
| Q3 24 | $155.1M | $355.7M | ||
| Q2 24 | $177.1M | $481.2M | ||
| Q1 24 | $204.7M | $688.5M |
| Q4 25 | — | $840.8M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $584.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $2.9B | ||
| Q3 25 | $917.3M | $3.5B | ||
| Q2 25 | $822.4M | $3.3B | ||
| Q1 25 | $765.2M | $2.9B | ||
| Q4 24 | $732.8M | $3.1B | ||
| Q3 24 | $577.2M | $2.7B | ||
| Q2 24 | $516.7M | $2.6B | ||
| Q1 24 | $464.0M | $2.5B |
| Q4 25 | $1.6B | $3.9B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $1.2B | $4.3B | ||
| Q1 25 | $1.1B | $3.7B | ||
| Q4 24 | $1.2B | $3.9B | ||
| Q3 24 | $976.9M | $2.9B | ||
| Q2 24 | $914.1M | $2.7B | ||
| Q1 24 | $855.1M | $2.6B |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.00× | ||
| 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 | $-48.7M | $-572.9M |
| Free Cash FlowOCF − Capex | — | $-774.3M |
| FCF MarginFCF / Revenue | — | -506.6% |
| Capex IntensityCapex / Revenue | — | 131.8% |
| Cash ConversionOCF / Net Profit | -0.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-48.7M | $-572.9M | ||
| Q3 25 | $74.3M | $-114.0M | ||
| Q2 25 | $64.0M | $-231.3M | ||
| Q1 25 | $20.3M | $-122.1M | ||
| Q4 24 | $40.4M | $-255.1M | ||
| Q3 24 | $63.2M | $-56.3M | ||
| Q2 24 | $25.0M | $-42.5M | ||
| Q1 24 | $29.1M | $-57.9M |
| Q4 25 | — | $-774.3M | ||
| Q3 25 | $73.9M | $-139.7M | ||
| Q2 25 | — | $-291.7M | ||
| Q1 25 | — | $-154.9M | ||
| Q4 24 | — | $-495.4M | ||
| Q3 24 | $63.2M | $-127.6M | ||
| Q2 24 | — | $-96.1M | ||
| Q1 24 | — | $-115.2M |
| Q4 25 | — | -506.6% | ||
| Q3 25 | 26.5% | -77.5% | ||
| Q2 25 | — | -190.7% | ||
| Q1 25 | — | -96.0% | ||
| Q4 24 | — | -347.5% | ||
| Q3 24 | 25.2% | -150.5% | ||
| Q2 24 | — | -137.2% | ||
| Q1 24 | — | -145.2% |
| Q4 25 | — | 131.8% | ||
| Q3 25 | 0.1% | 14.3% | ||
| Q2 25 | — | 39.5% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | 168.6% | ||
| Q3 24 | 0.0% | 84.1% | ||
| Q2 24 | — | 76.5% | ||
| Q1 24 | — | 72.3% |
| Q4 25 | -0.18× | — | ||
| Q3 25 | 1.03× | -1.09× | ||
| Q2 25 | 2.40× | -1.05× | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 0.28× | -1.87× | ||
| Q3 24 | 1.93× | — | ||
| Q2 24 | 0.75× | — | ||
| Q1 24 | 1.76× | -0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACAD
| Nuplazid | $174.4M | 61% |
| Daybue | $109.6M | 39% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
