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Side-by-side financial comparison of Applied Therapeutics, Inc. (APLT) and A2Z CUST2MATE SOLUTIONS CORP. (AZ). Click either name above to swap in a different company.

A2Z CUST2MATE SOLUTIONS CORP. is the larger business by last-quarter revenue ($1.5M vs $1.0M, roughly 1.5× Applied Therapeutics, Inc.). A2Z CUST2MATE SOLUTIONS CORP. runs the higher net margin — -90.4% vs -1899.0%, a 1808.6% gap on every dollar of revenue. On growth, Applied Therapeutics, Inc. posted the faster year-over-year revenue change (719.7% vs -1.6%).

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.

APLT vs AZ — Head-to-Head

Bigger by revenue
AZ
AZ
1.5× larger
AZ
$1.5M
$1.0M
APLT
Growing faster (revenue YoY)
APLT
APLT
+721.3% gap
APLT
719.7%
-1.6%
AZ
Higher net margin
AZ
AZ
1808.6% more per $
AZ
-90.4%
-1899.0%
APLT

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
APLT
APLT
AZ
AZ
Revenue
$1.0M
$1.5M
Net Profit
$-19.0M
$-1.4M
Gross Margin
34.0%
Operating Margin
-1675.8%
-265.9%
Net Margin
-1899.0%
-90.4%
Revenue YoY
719.7%
-1.6%
Net Profit YoY
72.3%
60.4%
EPS (diluted)
$-0.13

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
AZ
AZ
Q3 25
$1.0M
$1.5M
Q2 25
$0
$1.2M
Q1 25
$0
$2.0M
Q4 24
$-1.0K
Q3 24
$1.6M
Q2 24
$144.0K
$1.1M
Q1 24
$190.0K
Q4 23
$-667.0K
Net Profit
APLT
APLT
AZ
AZ
Q3 25
$-19.0M
$-1.4M
Q2 25
$-21.3M
$-12.6M
Q1 25
$-21.8M
$-6.8M
Q4 24
$44.0M
Q3 24
$-3.5M
Q2 24
$2.9M
$-3.2M
Q1 24
$-83.9M
Q4 23
$-37.7M
Gross Margin
APLT
APLT
AZ
AZ
Q3 25
34.0%
Q2 25
23.3%
Q1 25
31.7%
Q4 24
Q3 24
43.9%
Q2 24
7.4%
Q1 24
Q4 23
Operating Margin
APLT
APLT
AZ
AZ
Q3 25
-1675.8%
-265.9%
Q2 25
-585.9%
Q1 25
-381.4%
Q4 24
3302300.0%
Q3 24
-167.0%
Q2 24
-14194.4%
-272.1%
Q1 24
-11101.6%
Q4 23
3149.3%
Net Margin
APLT
APLT
AZ
AZ
Q3 25
-1899.0%
-90.4%
Q2 25
-1085.4%
Q1 25
-342.1%
Q4 24
-4400700.0%
Q3 24
-224.7%
Q2 24
2012.5%
-277.4%
Q1 24
-44177.9%
Q4 23
5649.0%
EPS (diluted)
APLT
APLT
AZ
AZ
Q3 25
$-0.13
Q2 25
$-0.15
Q1 25
$-0.15
$-0.19
Q4 24
$0.52
Q3 24
$-0.15
Q2 24
$-0.13
$-0.05
Q1 24
$-0.67
Q4 23
$-0.40

Balance Sheet & Financial Strength

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

Metric
APLT
APLT
AZ
AZ
Cash + ST InvestmentsLiquidity on hand
$11.9M
$43.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-561.0K
$71.3M
Total Assets
$34.4M
$81.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLT
APLT
AZ
AZ
Q3 25
$11.9M
$43.2M
Q2 25
$30.4M
$28.5M
Q1 25
$50.8M
$24.2M
Q4 24
$79.4M
Q3 24
$3.4M
Q2 24
$122.2M
$653.0K
Q1 24
$146.5M
Q4 23
$49.9M
Stockholders' Equity
APLT
APLT
AZ
AZ
Q3 25
$-561.0K
$71.3M
Q2 25
$17.4M
$31.5M
Q1 25
$36.7M
$31.3M
Q4 24
$57.0M
Q3 24
$-504.0K
Q2 24
$72.4M
$-340.0K
Q1 24
$67.3M
Q4 23
$-17.1M
Total Assets
APLT
APLT
AZ
AZ
Q3 25
$34.4M
$81.9M
Q2 25
$37.3M
$46.1M
Q1 25
$56.9M
$42.2M
Q4 24
$86.7M
Q3 24
$10.2M
Q2 24
$127.8M
$7.2M
Q1 24
$151.2M
Q4 23
$54.8M

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
AZ
AZ
Operating Cash FlowLast quarter
$-18.4M
$-4.0M
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
APLT
APLT
AZ
AZ
Q3 25
$-18.4M
$-4.0M
Q2 25
$-20.3M
$-5.9M
Q1 25
$-28.6M
$-3.8M
Q4 24
$-19.5M
Q3 24
$-658.0K
Q2 24
$-22.6M
$-3.7M
Q1 24
$-18.9M
Q4 23
$-17.0M
Cash Conversion
APLT
APLT
AZ
AZ
Q3 25
Q2 25
Q1 25
Q4 24
-0.44×
Q3 24
Q2 24
-7.80×
Q1 24
Q4 23

Financial Flow Comparison

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

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