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Side-by-side financial comparison of Apellis Pharmaceuticals, Inc. (APLS) and Genie Energy Ltd. (GNE). Click either name above to swap in a different company.

Apellis Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($199.9M vs $138.3M, roughly 1.4× Genie Energy Ltd.). Genie Energy Ltd. runs the higher net margin — 4.9% vs -29.5%, a 34.4% gap on every dollar of revenue. On growth, Genie Energy Ltd. posted the faster year-over-year revenue change (23.6% vs -5.9%). Over the past eight quarters, Genie Energy Ltd.'s revenue compounded faster (14.8% CAGR vs 7.7%).

Apellis Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing targeted therapies that modulate the complement system to address serious unmet medical needs. Its core products target ophthalmic conditions like geographic atrophy secondary to age-related macular degeneration, as well as rare hematological and autoimmune disorders, with primary operations in the United States and European markets.

Genie Energy Ltd. is an American energy company headquartered in Newark, New Jersey. It is a holding company comprising Genie Retail Energy, Genie Retail Energy International, Genie Energy Services, and Genie Energy Oil and Gas. Michael Stein is the Chief Executive Officer, Genie Energy Ltd.

APLS vs GNE — Head-to-Head

Bigger by revenue
APLS
APLS
1.4× larger
APLS
$199.9M
$138.3M
GNE
Growing faster (revenue YoY)
GNE
GNE
+29.5% gap
GNE
23.6%
-5.9%
APLS
Higher net margin
GNE
GNE
34.4% more per $
GNE
4.9%
-29.5%
APLS
Faster 2-yr revenue CAGR
GNE
GNE
Annualised
GNE
14.8%
7.7%
APLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
APLS
APLS
GNE
GNE
Revenue
$199.9M
$138.3M
Net Profit
$-59.0M
$6.7M
Gross Margin
21.7%
Operating Margin
-25.6%
5.0%
Net Margin
-29.5%
4.9%
Revenue YoY
-5.9%
23.6%
Net Profit YoY
-62.2%
-33.9%
EPS (diluted)
$-0.40
$0.26

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
APLS
APLS
GNE
GNE
Q4 25
$199.9M
Q3 25
$458.6M
$138.3M
Q2 25
$178.5M
$105.3M
Q1 25
$166.8M
$136.8M
Q4 24
$212.5M
$102.9M
Q3 24
$196.8M
$111.9M
Q2 24
$199.7M
$90.7M
Q1 24
$172.3M
$119.7M
Net Profit
APLS
APLS
GNE
GNE
Q4 25
$-59.0M
Q3 25
$215.7M
$6.7M
Q2 25
$-42.2M
$2.8M
Q1 25
$-92.2M
$10.3M
Q4 24
$-36.4M
$-15.3M
Q3 24
$-57.4M
$10.2M
Q2 24
$-37.7M
$9.6M
Q1 24
$-66.4M
$8.1M
Gross Margin
APLS
APLS
GNE
GNE
Q4 25
Q3 25
21.7%
Q2 25
22.3%
Q1 25
27.3%
Q4 24
32.5%
Q3 24
33.9%
Q2 24
36.8%
Q1 24
28.2%
Operating Margin
APLS
APLS
GNE
GNE
Q4 25
-25.6%
Q3 25
48.7%
5.0%
Q2 25
-18.6%
1.9%
Q1 25
-50.0%
9.4%
Q4 24
-12.3%
-20.2%
Q3 24
-24.0%
10.4%
Q2 24
-14.7%
11.6%
Q1 24
-36.0%
8.2%
Net Margin
APLS
APLS
GNE
GNE
Q4 25
-29.5%
Q3 25
47.0%
4.9%
Q2 25
-23.6%
2.7%
Q1 25
-55.3%
7.5%
Q4 24
-17.1%
-14.9%
Q3 24
-29.2%
9.1%
Q2 24
-18.9%
10.6%
Q1 24
-38.5%
6.8%
EPS (diluted)
APLS
APLS
GNE
GNE
Q4 25
$-0.40
Q3 25
$1.67
$0.26
Q2 25
$-0.33
$0.11
Q1 25
$-0.74
$0.40
Q4 24
$-0.30
$-0.58
Q3 24
$-0.46
$0.38
Q2 24
$-0.30
$0.36
Q1 24
$-0.54
$0.30

Balance Sheet & Financial Strength

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

Metric
APLS
APLS
GNE
GNE
Cash + ST InvestmentsLiquidity on hand
$466.2M
$109.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$370.1M
$198.8M
Total Assets
$1.1B
$394.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLS
APLS
GNE
GNE
Q4 25
$466.2M
Q3 25
$479.2M
$109.8M
Q2 25
$370.0M
$106.0M
Q1 25
$358.4M
$118.3M
Q4 24
$411.3M
$110.1M
Q3 24
$396.9M
$141.8M
Q2 24
$360.1M
$126.8M
Q1 24
$325.9M
$106.9M
Total Debt
APLS
APLS
GNE
GNE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$93.1M
Stockholders' Equity
APLS
APLS
GNE
GNE
Q4 25
$370.1M
Q3 25
$401.2M
$198.8M
Q2 25
$156.3M
$197.0M
Q1 25
$164.2M
$198.0M
Q4 24
$228.5M
$190.5M
Q3 24
$237.1M
$211.1M
Q2 24
$264.3M
$202.1M
Q1 24
$266.7M
$192.9M
Total Assets
APLS
APLS
GNE
GNE
Q4 25
$1.1B
Q3 25
$1.1B
$394.1M
Q2 25
$821.4M
$383.1M
Q1 25
$807.3M
$384.4M
Q4 24
$885.1M
$371.3M
Q3 24
$901.9M
$341.7M
Q2 24
$904.5M
$322.8M
Q1 24
$831.9M
$328.3M
Debt / Equity
APLS
APLS
GNE
GNE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.35×

Cash Flow & Capital Efficiency

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

Metric
APLS
APLS
GNE
GNE
Operating Cash FlowLast quarter
$-14.2M
$13.9M
Free Cash FlowOCF − Capex
$-14.3M
FCF MarginFCF / Revenue
-7.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
2.07×
TTM Free Cash FlowTrailing 4 quarters
$45.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLS
APLS
GNE
GNE
Q4 25
$-14.2M
Q3 25
$108.5M
$13.9M
Q2 25
$4.4M
$1.1M
Q1 25
$-53.4M
$15.3M
Q4 24
$19.4M
$13.0M
Q3 24
$34.1M
$24.4M
Q2 24
$-8.3M
$20.4M
Q1 24
$-133.0M
$12.9M
Free Cash Flow
APLS
APLS
GNE
GNE
Q4 25
$-14.3M
Q3 25
$108.3M
Q2 25
$4.4M
Q1 25
$-53.4M
$13.6M
Q4 24
$19.3M
Q3 24
$21.9M
Q2 24
$-8.4M
$20.1M
Q1 24
$-133.3M
$11.7M
FCF Margin
APLS
APLS
GNE
GNE
Q4 25
-7.1%
Q3 25
23.6%
Q2 25
2.5%
Q1 25
-32.0%
9.9%
Q4 24
9.1%
Q3 24
19.6%
Q2 24
-4.2%
22.1%
Q1 24
-77.3%
9.8%
Capex Intensity
APLS
APLS
GNE
GNE
Q4 25
0.1%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
1.3%
Q4 24
0.0%
Q3 24
0.0%
2.2%
Q2 24
0.0%
0.4%
Q1 24
0.2%
1.0%
Cash Conversion
APLS
APLS
GNE
GNE
Q4 25
Q3 25
0.50×
2.07×
Q2 25
0.40×
Q1 25
1.49×
Q4 24
Q3 24
2.39×
Q2 24
2.12×
Q1 24
1.59×

Financial Flow Comparison

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

Revenue Breakdown by Segment

APLS
APLS

Syfovre$155.2M78%
Empaveli Pegcetacoplan$35.1M18%
Licensing And Other Revenue$9.6M5%

GNE
GNE

Sales Channel Directly To Consumer$108.8M79%
Sales Channel Through Intermediary$23.5M17%
Genie Renewables GREW$6.0M4%

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