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

CXApp Inc. is the larger business by last-quarter revenue ($1.0M vs $1.0M, roughly 1.0× Applied Therapeutics, Inc.). CXApp Inc. runs the higher net margin — -544.1% vs -1899.0%, a 1354.9% gap on every dollar of revenue. On growth, Applied Therapeutics, Inc. posted the faster year-over-year revenue change (719.7% vs -38.5%).

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.

CXApp Inc. is a technology firm specializing in digital workplace experience solutions. It offers cloud-based software tools for employee engagement, office space optimization, visitor management, and hybrid work coordination, serving mid-to-large enterprises across North America, APAC and Europe.

APLT vs CXAI — Head-to-Head

Bigger by revenue
CXAI
CXAI
1.0× larger
CXAI
$1.0M
$1.0M
APLT
Growing faster (revenue YoY)
APLT
APLT
+758.1% gap
APLT
719.7%
-38.5%
CXAI
Higher net margin
CXAI
CXAI
1354.9% more per $
CXAI
-544.1%
-1899.0%
APLT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
APLT
APLT
CXAI
CXAI
Revenue
$1.0M
$1.0M
Net Profit
$-19.0M
$-5.6M
Gross Margin
86.9%
Operating Margin
-1675.8%
-576.9%
Net Margin
-1899.0%
-544.1%
Revenue YoY
719.7%
-38.5%
Net Profit YoY
72.3%
-56.7%
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
CXAI
CXAI
Q4 25
$1.0M
Q3 25
$1.0M
$1.1M
Q2 25
$0
$1.2M
Q1 25
$0
$1.2M
Q4 24
$-1.0K
$1.7M
Q3 24
$1.9M
Q2 24
$144.0K
$1.8M
Q1 24
$190.0K
$1.8M
Net Profit
APLT
APLT
CXAI
CXAI
Q4 25
$-5.6M
Q3 25
$-19.0M
$-3.2M
Q2 25
$-21.3M
$-3.1M
Q1 25
$-21.8M
$-1.6M
Q4 24
$44.0M
$-3.5M
Q3 24
$-5.4M
Q2 24
$2.9M
$-5.3M
Q1 24
$-83.9M
$-5.2M
Gross Margin
APLT
APLT
CXAI
CXAI
Q4 25
86.9%
Q3 25
89.0%
Q2 25
86.0%
Q1 25
87.7%
Q4 24
86.0%
Q3 24
80.4%
Q2 24
80.0%
Q1 24
82.0%
Operating Margin
APLT
APLT
CXAI
CXAI
Q4 25
-576.9%
Q3 25
-1675.8%
-343.4%
Q2 25
-336.1%
Q1 25
-306.0%
Q4 24
3302300.0%
-169.7%
Q3 24
-194.3%
Q2 24
-14194.4%
-206.7%
Q1 24
-11101.6%
-197.3%
Net Margin
APLT
APLT
CXAI
CXAI
Q4 25
-544.1%
Q3 25
-1899.0%
-283.4%
Q2 25
-256.7%
Q1 25
-132.0%
Q4 24
-4400700.0%
-213.6%
Q3 24
-286.5%
Q2 24
2012.5%
-297.6%
Q1 24
-44177.9%
-284.4%
EPS (diluted)
APLT
APLT
CXAI
CXAI
Q4 25
Q3 25
$-0.13
Q2 25
$-0.15
Q1 25
$-0.15
Q4 24
$0.52
Q3 24
Q2 24
$-0.13
Q1 24
$-0.67

Balance Sheet & Financial Strength

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

Metric
APLT
APLT
CXAI
CXAI
Cash + ST InvestmentsLiquidity on hand
$11.9M
$11.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-561.0K
$14.0M
Total Assets
$34.4M
$32.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLT
APLT
CXAI
CXAI
Q4 25
$11.1M
Q3 25
$11.9M
$5.1M
Q2 25
$30.4M
$4.9M
Q1 25
$50.8M
$3.9M
Q4 24
$79.4M
$4.9M
Q3 24
Q2 24
$122.2M
Q1 24
$146.5M
Stockholders' Equity
APLT
APLT
CXAI
CXAI
Q4 25
$14.0M
Q3 25
$-561.0K
$15.2M
Q2 25
$17.4M
$14.3M
Q1 25
$36.7M
$15.6M
Q4 24
$57.0M
$15.6M
Q3 24
$13.6M
Q2 24
$72.4M
$16.3M
Q1 24
$67.3M
$20.9M
Total Assets
APLT
APLT
CXAI
CXAI
Q4 25
$32.4M
Q3 25
$34.4M
$28.5M
Q2 25
$37.3M
$29.6M
Q1 25
$56.9M
$29.3M
Q4 24
$86.7M
$31.8M
Q3 24
Q2 24
$127.8M
Q1 24
$151.2M

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
CXAI
CXAI
Operating Cash FlowLast quarter
$-18.4M
$-3.6M
Free Cash FlowOCF − Capex
$-3.6M
FCF MarginFCF / Revenue
-355.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-10.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLT
APLT
CXAI
CXAI
Q4 25
$-3.6M
Q3 25
$-18.4M
$-2.8M
Q2 25
$-20.3M
$-3.0M
Q1 25
$-28.6M
$-979.0K
Q4 24
$-19.5M
$-2.7M
Q3 24
$-2.1M
Q2 24
$-22.6M
$-1.9M
Q1 24
$-18.9M
$-650.0K
Free Cash Flow
APLT
APLT
CXAI
CXAI
Q4 25
$-3.6M
Q3 25
$-2.8M
Q2 25
$-3.0M
Q1 25
$-984.0K
Q4 24
Q3 24
$-2.1M
Q2 24
$-1.9M
Q1 24
$-668.0K
FCF Margin
APLT
APLT
CXAI
CXAI
Q4 25
-355.5%
Q3 25
-248.1%
Q2 25
-247.2%
Q1 25
-80.4%
Q4 24
Q3 24
-109.3%
Q2 24
-108.6%
Q1 24
-36.7%
Capex Intensity
APLT
APLT
CXAI
CXAI
Q4 25
0.2%
Q3 25
0.4%
Q2 25
0.9%
Q1 25
0.4%
Q4 24
0.0%
Q3 24
0.2%
Q2 24
0.5%
Q1 24
1.0%
Cash Conversion
APLT
APLT
CXAI
CXAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-0.44×
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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