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

Applied Therapeutics, Inc. is the larger business by last-quarter revenue ($1.0M vs $713.1K, roughly 1.4× iSpecimen Inc.). iSpecimen Inc. runs the higher net margin — -146.9% vs -1899.0%, a 1752.1% gap on every dollar of revenue. On growth, Applied Therapeutics, Inc. posted the faster year-over-year revenue change (719.7% vs -75.1%).

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.

Specimen Products is a Chicago-based manufacturer of custom guitars, tube amplifiers, and audio horn speakers led by luthier Ian Schneller. Specimen Products also offers courses in guitar and tube amplifier design, construction, and repair through their Chicago School of Guitar Making. The Specimen workshop offers repair services to the general public, making use of their collection of parts from rare and vintage manufacturers.

APLT vs ISPC — Head-to-Head

Bigger by revenue
APLT
APLT
1.4× larger
APLT
$1.0M
$713.1K
ISPC
Growing faster (revenue YoY)
APLT
APLT
+794.8% gap
APLT
719.7%
-75.1%
ISPC
Higher net margin
ISPC
ISPC
1752.1% more per $
ISPC
-146.9%
-1899.0%
APLT

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
APLT
APLT
ISPC
ISPC
Revenue
$1.0M
$713.1K
Net Profit
$-19.0M
$-1.0M
Gross Margin
44.4%
Operating Margin
-1675.8%
-255.4%
Net Margin
-1899.0%
-146.9%
Revenue YoY
719.7%
-75.1%
Net Profit YoY
72.3%
50.3%
EPS (diluted)
$-0.13
$-0.42

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
ISPC
ISPC
Q3 25
$1.0M
Q2 25
$0
$713.1K
Q1 25
$0
$1.1M
Q4 24
$-1.0K
$1.5M
Q3 24
$2.7M
Q2 24
$144.0K
$2.9M
Q1 24
$190.0K
$2.3M
Q4 23
$-667.0K
$2.6M
Net Profit
APLT
APLT
ISPC
ISPC
Q3 25
$-19.0M
Q2 25
$-21.3M
$-1.0M
Q1 25
$-21.8M
$-1.7M
Q4 24
$44.0M
$-6.0M
Q3 24
$-1.4M
Q2 24
$2.9M
$-2.1M
Q1 24
$-83.9M
$-2.9M
Q4 23
$-37.7M
$-3.1M
Gross Margin
APLT
APLT
ISPC
ISPC
Q3 25
Q2 25
44.4%
Q1 25
42.4%
Q4 24
13.5%
Q3 24
43.4%
Q2 24
51.9%
Q1 24
58.4%
Q4 23
44.6%
Operating Margin
APLT
APLT
ISPC
ISPC
Q3 25
-1675.8%
Q2 25
-255.4%
Q1 25
-154.9%
Q4 24
3302300.0%
-395.8%
Q3 24
-64.1%
Q2 24
-14194.4%
-76.2%
Q1 24
-11101.6%
-131.0%
Q4 23
3149.3%
-111.5%
Net Margin
APLT
APLT
ISPC
ISPC
Q3 25
-1899.0%
Q2 25
-146.9%
Q1 25
-156.8%
Q4 24
-4400700.0%
-409.8%
Q3 24
-54.1%
Q2 24
2012.5%
-73.6%
Q1 24
-44177.9%
-126.7%
Q4 23
5649.0%
-119.3%
EPS (diluted)
APLT
APLT
ISPC
ISPC
Q3 25
$-0.13
Q2 25
$-0.15
$-0.42
Q1 25
$-0.15
$-0.71
Q4 24
$0.52
$-5.40
Q3 24
$-2.10
Q2 24
$-0.13
$-3.72
Q1 24
$-0.67
$-6.36
Q4 23
$-0.40
$-19.23

Balance Sheet & Financial Strength

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

Metric
APLT
APLT
ISPC
ISPC
Cash + ST InvestmentsLiquidity on hand
$11.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-561.0K
$622.0K
Total Assets
$34.4M
$6.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLT
APLT
ISPC
ISPC
Q3 25
$11.9M
Q2 25
$30.4M
Q1 25
$50.8M
Q4 24
$79.4M
$1.9M
Q3 24
$1.8M
Q2 24
$122.2M
$2.2M
Q1 24
$146.5M
$2.1M
Q4 23
$49.9M
$2.3M
Stockholders' Equity
APLT
APLT
ISPC
ISPC
Q3 25
$-561.0K
Q2 25
$17.4M
$622.0K
Q1 25
$36.7M
$1.7M
Q4 24
$57.0M
$3.3M
Q3 24
$4.7M
Q2 24
$72.4M
$6.1M
Q1 24
$67.3M
$6.8M
Q4 23
$-17.1M
$9.7M
Total Assets
APLT
APLT
ISPC
ISPC
Q3 25
$34.4M
Q2 25
$37.3M
$6.0M
Q1 25
$56.9M
$6.8M
Q4 24
$86.7M
$9.4M
Q3 24
$11.3M
Q2 24
$127.8M
$11.9M
Q1 24
$151.2M
$12.5M
Q4 23
$54.8M
$15.8M

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
ISPC
ISPC
Operating Cash FlowLast quarter
$-18.4M
$-192.2K
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
ISPC
ISPC
Q3 25
$-18.4M
Q2 25
$-20.3M
$-192.2K
Q1 25
$-28.6M
$-1.1M
Q4 24
$-19.5M
$-3.6M
Q3 24
$-1.1M
Q2 24
$-22.6M
$-1.5M
Q1 24
$-18.9M
$-2.1M
Q4 23
$-17.0M
$345.1K
Free Cash Flow
APLT
APLT
ISPC
ISPC
Q3 25
Q2 25
Q1 25
Q4 24
$-3.6M
Q3 24
$-1.1M
Q2 24
Q1 24
$-2.1M
Q4 23
FCF Margin
APLT
APLT
ISPC
ISPC
Q3 25
Q2 25
Q1 25
Q4 24
-242.7%
Q3 24
-41.1%
Q2 24
Q1 24
-90.9%
Q4 23
Capex Intensity
APLT
APLT
ISPC
ISPC
Q3 25
Q2 25
Q1 25
Q4 24
0.5%
Q3 24
0.5%
Q2 24
0.0%
Q1 24
0.4%
Q4 23
0.0%
Cash Conversion
APLT
APLT
ISPC
ISPC
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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