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

mF International Ltd is the larger business by last-quarter revenue ($1.9M vs $1.0M, roughly 1.9× Applied Therapeutics, Inc.). mF International Ltd runs the higher net margin — -90.9% vs -1899.0%, a 1808.1% gap on every dollar of revenue. On growth, Applied Therapeutics, Inc. posted the faster year-over-year revenue change (719.7% vs 20.2%).

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.

MF Global Holdings Ltd., formerly known as Man Financial, was a major global financial derivatives broker, or commodities brokerage firm that went bankrupt in 2011. MF Global provided exchange-traded derivatives, such as futures and options as well as over-the-counter products such as contracts for difference (CFDs), foreign exchange and spread betting. MF Global Inc., its broker-dealer subsidiary, was a primary dealer in United States Treasury securities. A series of perceived liquidity prob...

APLT vs MFI — Head-to-Head

Bigger by revenue
MFI
MFI
1.9× larger
MFI
$1.9M
$1.0M
APLT
Growing faster (revenue YoY)
APLT
APLT
+699.5% gap
APLT
719.7%
20.2%
MFI
Higher net margin
MFI
MFI
1808.1% more per $
MFI
-90.9%
-1899.0%
APLT

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
APLT
APLT
MFI
MFI
Revenue
$1.0M
$1.9M
Net Profit
$-19.0M
$-1.7M
Gross Margin
35.5%
Operating Margin
-1675.8%
-93.4%
Net Margin
-1899.0%
-90.9%
Revenue YoY
719.7%
20.2%
Net Profit YoY
72.3%
-145.6%
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
MFI
MFI
Q3 25
$1.0M
Q2 25
$0
$1.9M
Q1 25
$0
Q4 24
$-1.0K
Q2 24
$144.0K
$1.6M
Q1 24
$190.0K
Q4 23
$-667.0K
Q3 23
$0
Net Profit
APLT
APLT
MFI
MFI
Q3 25
$-19.0M
Q2 25
$-21.3M
$-1.7M
Q1 25
$-21.8M
Q4 24
$44.0M
Q2 24
$2.9M
$-710.3K
Q1 24
$-83.9M
Q4 23
$-37.7M
Q3 23
$-42.4M
Gross Margin
APLT
APLT
MFI
MFI
Q3 25
Q2 25
35.5%
Q1 25
Q4 24
Q2 24
42.4%
Q1 24
Q4 23
Q3 23
Operating Margin
APLT
APLT
MFI
MFI
Q3 25
-1675.8%
Q2 25
-93.4%
Q1 25
Q4 24
3302300.0%
Q2 24
-14194.4%
-50.7%
Q1 24
-11101.6%
Q4 23
3149.3%
Q3 23
Net Margin
APLT
APLT
MFI
MFI
Q3 25
-1899.0%
Q2 25
-90.9%
Q1 25
Q4 24
-4400700.0%
Q2 24
2012.5%
-44.5%
Q1 24
-44177.9%
Q4 23
5649.0%
Q3 23
EPS (diluted)
APLT
APLT
MFI
MFI
Q3 25
$-0.13
Q2 25
$-0.15
Q1 25
$-0.15
Q4 24
$0.52
Q2 24
$-0.13
$-0.06
Q1 24
$-0.67
Q4 23
$-0.40
Q3 23
$-0.47

Balance Sheet & Financial Strength

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

Metric
APLT
APLT
MFI
MFI
Cash + ST InvestmentsLiquidity on hand
$11.9M
$1.6M
Total DebtLower is stronger
$518.6K
Stockholders' EquityBook value
$-561.0K
$2.8M
Total Assets
$34.4M
$5.6M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLT
APLT
MFI
MFI
Q3 25
$11.9M
Q2 25
$30.4M
$1.6M
Q1 25
$50.8M
Q4 24
$79.4M
Q2 24
$122.2M
$3.9M
Q1 24
$146.5M
Q4 23
$49.9M
Q3 23
$37.5M
Total Debt
APLT
APLT
MFI
MFI
Q3 25
Q2 25
$518.6K
Q1 25
Q4 24
Q2 24
$1.0M
Q1 24
Q4 23
Q3 23
Stockholders' Equity
APLT
APLT
MFI
MFI
Q3 25
$-561.0K
Q2 25
$17.4M
$2.8M
Q1 25
$36.7M
Q4 24
$57.0M
Q2 24
$72.4M
$6.5M
Q1 24
$67.3M
Q4 23
$-17.1M
Q3 23
$-11.0M
Total Assets
APLT
APLT
MFI
MFI
Q3 25
$34.4M
Q2 25
$37.3M
$5.6M
Q1 25
$56.9M
Q4 24
$86.7M
Q2 24
$127.8M
$9.3M
Q1 24
$151.2M
Q4 23
$54.8M
Q3 23
$45.2M
Debt / Equity
APLT
APLT
MFI
MFI
Q3 25
Q2 25
0.18×
Q1 25
Q4 24
Q2 24
0.16×
Q1 24
Q4 23
Q3 23

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
MFI
MFI
Operating Cash FlowLast quarter
$-18.4M
$-335.3K
Free Cash FlowOCF − Capex
$-339.2K
FCF MarginFCF / Revenue
-17.7%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLT
APLT
MFI
MFI
Q3 25
$-18.4M
Q2 25
$-20.3M
$-335.3K
Q1 25
$-28.6M
Q4 24
$-19.5M
Q2 24
$-22.6M
$-2.3M
Q1 24
$-18.9M
Q4 23
$-17.0M
Q3 23
$-14.7M
Free Cash Flow
APLT
APLT
MFI
MFI
Q3 25
Q2 25
$-339.2K
Q1 25
Q4 24
Q2 24
$-2.3M
Q1 24
Q4 23
Q3 23
FCF Margin
APLT
APLT
MFI
MFI
Q3 25
Q2 25
-17.7%
Q1 25
Q4 24
Q2 24
-142.0%
Q1 24
Q4 23
Q3 23
Capex Intensity
APLT
APLT
MFI
MFI
Q3 25
Q2 25
0.2%
Q1 25
Q4 24
Q2 24
0.1%
Q1 24
Q4 23
Q3 23
Cash Conversion
APLT
APLT
MFI
MFI
Q3 25
Q2 25
Q1 25
Q4 24
-0.44×
Q2 24
-7.80×
Q1 24
Q4 23
Q3 23

Financial Flow Comparison

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

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