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Side-by-side financial comparison of Akebia Therapeutics, Inc. (AKBA) and FULL HOUSE RESORTS INC (FLL). Click either name above to swap in a different company.

FULL HOUSE RESORTS INC is the larger business by last-quarter revenue ($75.4M vs $57.6M, roughly 1.3× Akebia Therapeutics, Inc.). On growth, Akebia Therapeutics, Inc. posted the faster year-over-year revenue change (23.9% vs 3.4%). Akebia Therapeutics, Inc. produced more free cash flow last quarter ($31.1M vs $10.7M). Over the past eight quarters, Akebia Therapeutics, Inc.'s revenue compounded faster (32.9% CAGR vs 3.9%).

Akebia Therapeutics is a biopharmaceutical company dedicated to developing and commercializing novel therapies for patients with kidney diseases, particularly anemia linked to chronic kidney disease. It operates across global markets, focusing on addressing unmet medical needs in the nephrology care segment.

Full House Resorts, Inc. is an American casino developer and operator based in Summerlin South, Nevada. The company currently operates five casinos. It is known for the involvement of Gulfstream Aerospace founder Allen Paulson, who was CEO from 1994 to 2000, and former Chrysler chairman Lee Iacocca, who was a major investor in the company from 1995 to 2013. Dan Lee has been CEO since late 2014.

AKBA vs FLL — Head-to-Head

Bigger by revenue
FLL
FLL
1.3× larger
FLL
$75.4M
$57.6M
AKBA
Growing faster (revenue YoY)
AKBA
AKBA
+20.6% gap
AKBA
23.9%
3.4%
FLL
More free cash flow
AKBA
AKBA
$20.4M more FCF
AKBA
$31.1M
$10.7M
FLL
Faster 2-yr revenue CAGR
AKBA
AKBA
Annualised
AKBA
32.9%
3.9%
FLL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AKBA
AKBA
FLL
FLL
Revenue
$57.6M
$75.4M
Net Profit
$-12.4M
Gross Margin
78.2%
93.1%
Operating Margin
-14.8%
-1.3%
Net Margin
-16.4%
Revenue YoY
23.9%
3.4%
Net Profit YoY
-0.6%
EPS (diluted)
$-0.05
$-0.35

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
AKBA
AKBA
FLL
FLL
Q4 25
$57.6M
$75.4M
Q3 25
$58.8M
$78.0M
Q2 25
$62.5M
$73.9M
Q1 25
$57.3M
$75.1M
Q4 24
$46.5M
$73.0M
Q3 24
$37.4M
$75.7M
Q2 24
$43.6M
$73.5M
Q1 24
$32.6M
$69.9M
Net Profit
AKBA
AKBA
FLL
FLL
Q4 25
$-12.4M
Q3 25
$540.0K
$-7.7M
Q2 25
$247.0K
$-10.4M
Q1 25
$6.1M
$-9.8M
Q4 24
$-12.3M
Q3 24
$-20.0M
$-8.5M
Q2 24
$-8.6M
$-8.6M
Q1 24
$-18.0M
$-11.3M
Gross Margin
AKBA
AKBA
FLL
FLL
Q4 25
78.2%
93.1%
Q3 25
84.0%
93.2%
Q2 25
84.1%
93.5%
Q1 25
86.7%
93.4%
Q4 24
56.2%
92.1%
Q3 24
62.2%
92.2%
Q2 24
60.9%
92.4%
Q1 24
64.4%
92.3%
Operating Margin
AKBA
AKBA
FLL
FLL
Q4 25
-14.8%
-1.3%
Q3 25
7.6%
4.4%
Q2 25
22.6%
-0.1%
Q1 25
23.6%
1.0%
Q4 24
-30.8%
-1.9%
Q3 24
-33.4%
3.2%
Q2 24
-20.0%
3.2%
Q1 24
-45.8%
-0.9%
Net Margin
AKBA
AKBA
FLL
FLL
Q4 25
-16.4%
Q3 25
0.9%
-9.8%
Q2 25
0.4%
-14.0%
Q1 25
10.7%
-13.0%
Q4 24
-16.9%
Q3 24
-53.5%
-11.2%
Q2 24
-19.7%
-11.7%
Q1 24
-55.2%
-16.1%
EPS (diluted)
AKBA
AKBA
FLL
FLL
Q4 25
$-0.05
$-0.35
Q3 25
$0.00
$-0.21
Q2 25
$0.00
$-0.29
Q1 25
$0.03
$-0.27
Q4 24
$-0.10
$-0.34
Q3 24
$-0.10
$-0.24
Q2 24
$-0.04
$-0.25
Q1 24
$-0.09
$-0.33

Balance Sheet & Financial Strength

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

Metric
AKBA
AKBA
FLL
FLL
Cash + ST InvestmentsLiquidity on hand
$184.8M
$40.7M
Total DebtLower is stronger
$48.3M
$473.6M
Stockholders' EquityBook value
$32.6M
$2.5M
Total Assets
$376.6M
$649.8M
Debt / EquityLower = less leverage
1.48×
186.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AKBA
AKBA
FLL
FLL
Q4 25
$184.8M
$40.7M
Q3 25
$166.4M
$30.9M
Q2 25
$137.3M
$32.1M
Q1 25
$113.4M
$30.7M
Q4 24
$51.9M
$40.2M
Q3 24
$34.0M
$25.9M
Q2 24
$39.5M
$31.1M
Q1 24
$42.0M
$25.7M
Total Debt
AKBA
AKBA
FLL
FLL
Q4 25
$48.3M
$473.6M
Q3 25
$47.6M
$473.1M
Q2 25
$47.1M
$467.5M
Q1 25
$46.5M
$471.7M
Q4 24
$38.7M
$468.1M
Q3 24
$38.4M
$467.4M
Q2 24
$38.0M
$466.6M
Q1 24
$30.1M
$465.9M
Stockholders' Equity
AKBA
AKBA
FLL
FLL
Q4 25
$32.6M
$2.5M
Q3 25
$41.6M
$14.2M
Q2 25
$29.2M
$21.2M
Q1 25
$24.6M
$31.0M
Q4 24
$-49.2M
$40.5M
Q3 24
$-50.4M
$51.8M
Q2 24
$-33.8M
$59.5M
Q1 24
$-27.3M
$67.3M
Total Assets
AKBA
AKBA
FLL
FLL
Q4 25
$376.6M
$649.8M
Q3 25
$364.2M
$644.4M
Q2 25
$345.6M
$651.5M
Q1 25
$310.2M
$657.2M
Q4 24
$220.7M
$673.3M
Q3 24
$207.1M
$668.7M
Q2 24
$220.2M
$673.9M
Q1 24
$225.5M
$670.4M
Debt / Equity
AKBA
AKBA
FLL
FLL
Q4 25
1.48×
186.62×
Q3 25
1.15×
33.30×
Q2 25
1.61×
22.04×
Q1 25
1.89×
15.22×
Q4 24
11.56×
Q3 24
9.02×
Q2 24
7.85×
Q1 24
6.92×

Cash Flow & Capital Efficiency

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

Metric
AKBA
AKBA
FLL
FLL
Operating Cash FlowLast quarter
$31.1M
$12.0M
Free Cash FlowOCF − Capex
$31.1M
$10.7M
FCF MarginFCF / Revenue
53.9%
14.1%
Capex IntensityCapex / Revenue
0.1%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$67.7M
$-2.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AKBA
AKBA
FLL
FLL
Q4 25
$31.1M
$12.0M
Q3 25
$28.1M
$-472.0K
Q2 25
$22.3M
$7.9M
Q1 25
$-13.6M
$-9.5M
Q4 24
$-4.5M
$14.8M
Q3 24
$-6.7M
$-6.7M
Q2 24
$-10.1M
$10.1M
Q1 24
$-19.4M
$-4.4M
Free Cash Flow
AKBA
AKBA
FLL
FLL
Q4 25
$31.1M
$10.7M
Q3 25
$28.0M
$-5.5M
Q2 25
$22.2M
$4.5M
Q1 25
$-13.6M
$-12.3M
Q4 24
$-4.5M
$6.9M
Q3 24
$-6.7M
$-17.4M
Q2 24
$-10.1M
$-1.2M
Q1 24
$-27.0M
FCF Margin
AKBA
AKBA
FLL
FLL
Q4 25
53.9%
14.1%
Q3 25
47.7%
-7.1%
Q2 25
35.6%
6.1%
Q1 25
-23.7%
-16.4%
Q4 24
-9.6%
9.4%
Q3 24
-17.9%
-23.0%
Q2 24
-23.1%
-1.6%
Q1 24
-38.7%
Capex Intensity
AKBA
AKBA
FLL
FLL
Q4 25
0.1%
1.8%
Q3 25
0.1%
6.5%
Q2 25
0.2%
4.5%
Q1 25
0.0%
3.8%
Q4 24
0.0%
10.9%
Q3 24
0.0%
14.1%
Q2 24
0.1%
15.4%
Q1 24
0.0%
32.4%
Cash Conversion
AKBA
AKBA
FLL
FLL
Q4 25
Q3 25
52.05×
Q2 25
90.47×
Q1 25
-2.22×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AKBA
AKBA

Auryxia$48.1M84%
Vafseo$6.2M11%
License Collaboration And Other Revenue$3.3M6%

FLL
FLL

Midwest And South$58.2M77%
Food And Beverage$9.7M13%
Other Operations$3.6M5%
Other$2.3M3%
Contracted Sports Wagering$1.7M2%

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