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Side-by-side financial comparison of Aligos Therapeutics, Inc. (ALGS) and Nexalin Technology, Inc. (NXL). Click either name above to swap in a different company.

Nexalin Technology, Inc. is the larger business by last-quarter revenue ($171.9K vs $169.0K, roughly 1.0× Aligos Therapeutics, Inc.). On growth, Nexalin Technology, Inc. posted the faster year-over-year revenue change (532.5% vs -72.1%). Over the past eight quarters, Nexalin Technology, Inc.'s revenue compounded faster (47.8% CAGR vs -50.7%).

Aligos Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing novel targeted therapies for prevalent liver diseases and viral infections. Its core pipeline includes candidates for chronic hepatitis B, non-alcoholic steatohepatitis, and other liver-related disorders, advancing R&D to serve unmet global patient needs.

Nexalin Technology, Inc. is a medical technology enterprise that develops and commercializes non-invasive cranial electrotherapy stimulation devices, which help treat mental health conditions including anxiety, depression and insomnia. Its products are mainly sold to healthcare providers and patients in North America and global emerging markets.

ALGS vs NXL — Head-to-Head

Bigger by revenue
NXL
NXL
1.0× larger
NXL
$171.9K
$169.0K
ALGS
Growing faster (revenue YoY)
NXL
NXL
+604.6% gap
NXL
532.5%
-72.1%
ALGS
Faster 2-yr revenue CAGR
NXL
NXL
Annualised
NXL
47.8%
-50.7%
ALGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALGS
ALGS
NXL
NXL
Revenue
$169.0K
$171.9K
Net Profit
$-2.4M
Gross Margin
87.8%
Operating Margin
-1403.9%
Net Margin
-1382.6%
Revenue YoY
-72.1%
532.5%
Net Profit YoY
75.8%
16.1%
EPS (diluted)
$-0.12

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
ALGS
ALGS
NXL
NXL
Q4 25
$169.0K
$171.9K
Q3 25
$741.0K
$18.1K
Q2 25
$965.0K
$70.6K
Q1 25
$311.0K
$41.0K
Q4 24
$606.0K
$27.2K
Q3 24
$1.3M
$36.0K
Q2 24
$1.1M
$26.8K
Q1 24
$694.0K
$78.7K
Net Profit
ALGS
ALGS
NXL
NXL
Q4 25
$-2.4M
Q3 25
$-31.5M
$-2.3M
Q2 25
$-15.9M
$-1.6M
Q1 25
$43.1M
$-2.0M
Q4 24
$-82.2M
Q3 24
$-19.3M
$-2.4M
Q2 24
$5.1M
$-1.3M
Q1 24
$-34.9M
$-1.0M
Gross Margin
ALGS
ALGS
NXL
NXL
Q4 25
87.8%
Q3 25
78.2%
Q2 25
67.6%
Q1 25
66.9%
Q4 24
72.4%
Q3 24
64.8%
Q2 24
73.0%
Q1 24
88.4%
Operating Margin
ALGS
ALGS
NXL
NXL
Q4 25
-1403.9%
Q3 25
-3827.4%
-12924.3%
Q2 25
-1924.0%
-2296.2%
Q1 25
-6187.5%
-4903.6%
Q4 24
-3393.2%
Q3 24
-1610.5%
-6962.1%
Q2 24
-2489.5%
-4832.4%
Q1 24
-3176.7%
-1364.8%
Net Margin
ALGS
ALGS
NXL
NXL
Q4 25
-1382.6%
Q3 25
-4256.0%
-12542.3%
Q2 25
-1643.8%
-2239.7%
Q1 25
13854.7%
-4847.8%
Q4 24
-13556.1%
Q3 24
-1540.7%
-6794.9%
Q2 24
477.0%
-4785.7%
Q1 24
-5023.5%
-1323.4%
EPS (diluted)
ALGS
ALGS
NXL
NXL
Q4 25
$-0.12
Q3 25
$-3.04
$-0.13
Q2 25
$-1.53
$-0.10
Q1 25
$-2.11
$-0.15
Q4 24
$-13.10
Q3 24
$-3.07
$-0.23
Q2 24
$0.81
$-0.17
Q1 24
$-5.58
$-0.14

Balance Sheet & Financial Strength

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

Metric
ALGS
ALGS
NXL
NXL
Cash + ST InvestmentsLiquidity on hand
$77.8M
$3.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$53.5M
$3.7M
Total Assets
$88.5M
$4.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALGS
ALGS
NXL
NXL
Q4 25
$77.8M
$3.7M
Q3 25
$99.1M
$4.4M
Q2 25
$122.9M
$5.8M
Q1 25
$137.9M
$2.1M
Q4 24
$56.9M
$3.5M
Q3 24
$74.9M
$4.6M
Q2 24
$94.5M
$848.8K
Q1 24
$112.7M
$2.1M
Stockholders' Equity
ALGS
ALGS
NXL
NXL
Q4 25
$53.5M
$3.7M
Q3 25
$71.8M
$4.8M
Q2 25
$101.9M
$6.0M
Q1 25
$116.4M
$2.3M
Q4 24
$-29.0M
$3.7M
Q3 24
$50.1M
$5.0M
Q2 24
$67.2M
$1.4M
Q1 24
$59.8M
$2.3M
Total Assets
ALGS
ALGS
NXL
NXL
Q4 25
$88.5M
$4.6M
Q3 25
$109.8M
$5.1M
Q2 25
$134.7M
$6.6M
Q1 25
$150.7M
$2.9M
Q4 24
$70.1M
$4.2M
Q3 24
$88.4M
$5.3M
Q2 24
$108.8M
$1.6M
Q1 24
$127.9M
$2.8M

Cash Flow & Capital Efficiency

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

Metric
ALGS
ALGS
NXL
NXL
Operating Cash FlowLast quarter
$-82.5M
$-1.1M
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
ALGS
ALGS
NXL
NXL
Q4 25
$-82.5M
$-1.1M
Q3 25
$-24.3M
$-1.5M
Q2 25
$-15.5M
$-917.2K
Q1 25
$-20.9M
$-1.4M
Q4 24
$-18.4M
$-3.9M
Q3 24
$-20.1M
$-800.2K
Q2 24
$-19.5M
$-1.2M
Q1 24
$-22.7M
$-763.3K
Cash Conversion
ALGS
ALGS
NXL
NXL
Q4 25
Q3 25
Q2 25
Q1 25
-0.49×
Q4 24
Q3 24
Q2 24
-3.85×
Q1 24

Financial Flow Comparison

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

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