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Side-by-side financial comparison of Applied Therapeutics, Inc. (APLT) and Anterix Inc. (ATEX). Click either name above to swap in a different company.

Anterix Inc. is the larger business by last-quarter revenue ($1.6M vs $1.0M, roughly 1.6× Applied Therapeutics, Inc.). Anterix Inc. runs the higher net margin — -419.6% vs -1899.0%, a 1479.4% gap on every dollar of revenue. On growth, Applied Therapeutics, Inc. posted the faster year-over-year revenue change (719.7% vs 0.4%).

Relief Therapeutics is a Swiss biopharmaceutical company based in Geneva. The company focuses on developing drugs for serious diseases with few or no existing treatment options. Its lead compound, RLF-100, is a synthetic form of a natural peptide that protects the lung. The company was incorporated as Relief Therapeutics Holdings AG (RFLB.S) and listed on the SIX Swiss Exchange in 2016.

Anterix Inc. is a U.S.-headquartered wireless communications company that owns licensed 900 MHz spectrum assets, providing secure, dedicated private broadband network solutions for critical infrastructure operators including electric utilities, public safety agencies, and transportation providers. Its primary market is North America, supporting clients requiring highly reliable connectivity for mission-critical operations.

APLT vs ATEX — Head-to-Head

Bigger by revenue
ATEX
ATEX
1.6× larger
ATEX
$1.6M
$1.0M
APLT
Growing faster (revenue YoY)
APLT
APLT
+719.2% gap
APLT
719.7%
0.4%
ATEX
Higher net margin
ATEX
ATEX
1479.4% more per $
ATEX
-419.6%
-1899.0%
APLT

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
APLT
APLT
ATEX
ATEX
Revenue
$1.0M
$1.6M
Net Profit
$-19.0M
$-6.6M
Gross Margin
Operating Margin
-1675.8%
-576.0%
Net Margin
-1899.0%
-419.6%
Revenue YoY
719.7%
0.4%
Net Profit YoY
72.3%
-185.6%
EPS (diluted)
$-0.13
$-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
APLT
APLT
ATEX
ATEX
Q4 25
$1.6M
Q3 25
$1.0M
$1.6M
Q2 25
$0
$1.4M
Q1 25
$0
$1.4M
Q4 24
$-1.0K
$1.6M
Q3 24
$1.6M
Q2 24
$144.0K
$1.5M
Q1 24
$190.0K
$1.3M
Net Profit
APLT
APLT
ATEX
ATEX
Q4 25
$-6.6M
Q3 25
$-19.0M
$53.5M
Q2 25
$-21.3M
$25.2M
Q1 25
$-21.8M
$9.2M
Q4 24
$44.0M
$7.7M
Q3 24
$-12.8M
Q2 24
$2.9M
$-15.5M
Q1 24
$-83.9M
$-9.4M
Operating Margin
APLT
APLT
ATEX
ATEX
Q4 25
-576.0%
Q3 25
-1675.8%
Q2 25
Q1 25
Q4 24
3302300.0%
Q3 24
-846.6%
Q2 24
-14194.4%
-984.4%
Q1 24
-11101.6%
-834.2%
Net Margin
APLT
APLT
ATEX
ATEX
Q4 25
-419.6%
Q3 25
-1899.0%
3449.5%
Q2 25
1775.7%
Q1 25
662.9%
Q4 24
-4400700.0%
492.3%
Q3 24
-823.1%
Q2 24
2012.5%
-1018.0%
Q1 24
-44177.9%
-746.9%
EPS (diluted)
APLT
APLT
ATEX
ATEX
Q4 25
$-0.35
Q3 25
$-0.13
$2.86
Q2 25
$-0.15
$1.35
Q1 25
$-0.15
$0.51
Q4 24
$0.52
$0.41
Q3 24
$-0.69
Q2 24
$-0.13
$-0.84
Q1 24
$-0.67
$-0.51

Balance Sheet & Financial Strength

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

Metric
APLT
APLT
ATEX
ATEX
Cash + ST InvestmentsLiquidity on hand
$11.9M
$29.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-561.0K
$236.0M
Total Assets
$34.4M
$417.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLT
APLT
ATEX
ATEX
Q4 25
$29.5M
Q3 25
$11.9M
$39.1M
Q2 25
$30.4M
$41.4M
Q1 25
$50.8M
$47.4M
Q4 24
$79.4M
$28.8M
Q3 24
$43.1M
Q2 24
$122.2M
$51.7M
Q1 24
$146.5M
$60.6M
Stockholders' Equity
APLT
APLT
ATEX
ATEX
Q4 25
$236.0M
Q3 25
$-561.0K
$240.3M
Q2 25
$17.4M
$184.8M
Q1 25
$36.7M
$156.6M
Q4 24
$57.0M
$144.7M
Q3 24
$139.1M
Q2 24
$72.4M
$148.8M
Q1 24
$67.3M
$161.0M
Total Assets
APLT
APLT
ATEX
ATEX
Q4 25
$417.0M
Q3 25
$34.4M
$420.4M
Q2 25
$37.3M
$359.6M
Q1 25
$56.9M
$333.1M
Q4 24
$86.7M
$326.7M
Q3 24
$317.2M
Q2 24
$127.8M
$321.1M
Q1 24
$151.2M
$324.9M

Cash Flow & Capital Efficiency

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

Metric
APLT
APLT
ATEX
ATEX
Operating Cash FlowLast quarter
$-18.4M
$-8.3M
Free Cash FlowOCF − Capex
$-8.3M
FCF MarginFCF / Revenue
-526.4%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLT
APLT
ATEX
ATEX
Q4 25
$-8.3M
Q3 25
$-18.4M
$1.4M
Q2 25
$-20.3M
$-3.1M
Q1 25
$-28.6M
$-16.6M
Q4 24
$-19.5M
$-7.7M
Q3 24
$-2.6M
Q2 24
$-22.6M
$-2.4M
Q1 24
$-18.9M
$6.1M
Free Cash Flow
APLT
APLT
ATEX
ATEX
Q4 25
$-8.3M
Q3 25
Q2 25
Q1 25
$-16.6M
Q4 24
Q3 24
$-2.7M
Q2 24
Q1 24
$6.1M
FCF Margin
APLT
APLT
ATEX
ATEX
Q4 25
-526.4%
Q3 25
Q2 25
Q1 25
-1195.2%
Q4 24
Q3 24
-173.4%
Q2 24
Q1 24
484.1%
Capex Intensity
APLT
APLT
ATEX
ATEX
Q4 25
0.6%
Q3 25
Q2 25
Q1 25
3.3%
Q4 24
0.0%
Q3 24
2.6%
Q2 24
0.0%
Q1 24
3.2%
Cash Conversion
APLT
APLT
ATEX
ATEX
Q4 25
Q3 25
0.03×
Q2 25
-0.12×
Q1 25
-1.80×
Q4 24
-0.44×
-1.00×
Q3 24
Q2 24
-7.80×
Q1 24

Financial Flow Comparison

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

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