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

Applied Therapeutics, Inc. is the larger business by last-quarter revenue ($1.0M vs $707.3K, roughly 1.4× Pineapple Financial Inc.). Applied Therapeutics, Inc. runs the higher net margin — -1899.0% vs -2756.2%, a 857.2% gap on every dollar of revenue. On growth, Applied Therapeutics, Inc. posted the faster year-over-year revenue change (719.7% vs -4.8%).

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 PAPL — Head-to-Head

Bigger by revenue
APLT
APLT
1.4× larger
APLT
$1.0M
$707.3K
PAPL
Growing faster (revenue YoY)
APLT
APLT
+724.5% gap
APLT
719.7%
-4.8%
PAPL
Higher net margin
APLT
APLT
857.2% more per $
APLT
-1899.0%
-2756.2%
PAPL

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
APLT
APLT
PAPL
PAPL
Revenue
$1.0M
$707.3K
Net Profit
$-19.0M
$-19.5M
Gross Margin
48.9%
Operating Margin
-1675.8%
-2518.8%
Net Margin
-1899.0%
-2756.2%
Revenue YoY
719.7%
-4.8%
Net Profit YoY
72.3%
-3174.1%
EPS (diluted)
$-0.13
$-1.21

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
PAPL
PAPL
Q1 26
$707.3K
Q4 25
$721.7K
Q3 25
$1.0M
$730.5K
Q2 25
$0
$746.9K
Q1 25
$0
$743.3K
Q4 24
$-1.0K
$766.1K
Q3 24
$598.3K
Q2 24
$144.0K
$736.4K
Net Profit
APLT
APLT
PAPL
PAPL
Q1 26
$-19.5M
Q4 25
$-6.4M
Q3 25
$-19.0M
$-1.8M
Q2 25
$-21.3M
$-557.7K
Q1 25
$-21.8M
$-595.4K
Q4 24
$44.0M
$-656.9K
Q3 24
$-1.7M
Q2 24
$2.9M
$-848.6K
Gross Margin
APLT
APLT
PAPL
PAPL
Q1 26
48.9%
Q4 25
49.6%
Q3 25
27.8%
Q2 25
67.6%
Q1 25
43.4%
Q4 24
45.9%
Q3 24
43.2%
Q2 24
44.2%
Operating Margin
APLT
APLT
PAPL
PAPL
Q1 26
-2518.8%
Q4 25
-909.1%
Q3 25
-1675.8%
-131.3%
Q2 25
-93.3%
Q1 25
-80.6%
Q4 24
3302300.0%
-90.5%
Q3 24
-232.8%
Q2 24
-14194.4%
-121.7%
Net Margin
APLT
APLT
PAPL
PAPL
Q1 26
-2756.2%
Q4 25
-891.6%
Q3 25
-1899.0%
-250.3%
Q2 25
-74.7%
Q1 25
-80.1%
Q4 24
-4400700.0%
-85.7%
Q3 24
-283.9%
Q2 24
2012.5%
-115.2%
EPS (diluted)
APLT
APLT
PAPL
PAPL
Q1 26
$-1.21
Q4 25
$-4.79
Q3 25
$-0.13
$-0.93
Q2 25
$-0.15
$-0.05
Q1 25
$-0.15
$-1.73
Q4 24
$0.52
$-2.60
Q3 24
$-11.10
Q2 24
$-0.13
$-0.12

Balance Sheet & Financial Strength

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

Metric
APLT
APLT
PAPL
PAPL
Cash + ST InvestmentsLiquidity on hand
$11.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-561.0K
$27.1M
Total Assets
$34.4M
$48.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLT
APLT
PAPL
PAPL
Q1 26
Q4 25
Q3 25
$11.9M
Q2 25
$30.4M
Q1 25
$50.8M
Q4 24
$79.4M
Q3 24
Q2 24
$122.2M
Stockholders' Equity
APLT
APLT
PAPL
PAPL
Q1 26
$27.1M
Q4 25
$-5.5M
Q3 25
$-561.0K
$906.7K
Q2 25
$17.4M
$842.6K
Q1 25
$36.7M
$739.7K
Q4 24
$57.0M
$1.3M
Q3 24
$1.3M
Q2 24
$72.4M
$2.0M
Total Assets
APLT
APLT
PAPL
PAPL
Q1 26
$48.9M
Q4 25
$10.6M
Q3 25
$34.4M
$5.4M
Q2 25
$37.3M
$4.7M
Q1 25
$56.9M
$4.0M
Q4 24
$86.7M
$4.1M
Q3 24
$4.1M
Q2 24
$127.8M
$4.3M

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
PAPL
PAPL
Operating Cash FlowLast quarter
$-18.4M
$-3.3M
Free Cash FlowOCF − Capex
$-3.3M
FCF MarginFCF / Revenue
-462.7%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLT
APLT
PAPL
PAPL
Q1 26
$-3.3M
Q4 25
$-489.7K
Q3 25
$-18.4M
$-507.6K
Q2 25
$-20.3M
$397.0K
Q1 25
$-28.6M
$-172.6K
Q4 24
$-19.5M
$-663.6K
Q3 24
$-264.7K
Q2 24
$-22.6M
$123.0K
Free Cash Flow
APLT
APLT
PAPL
PAPL
Q1 26
$-3.3M
Q4 25
$-491.7K
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-264.7K
Q2 24
$122.7K
FCF Margin
APLT
APLT
PAPL
PAPL
Q1 26
-462.7%
Q4 25
-68.1%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-44.2%
Q2 24
16.7%
Capex Intensity
APLT
APLT
PAPL
PAPL
Q1 26
0.0%
Q4 25
0.3%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
APLT
APLT
PAPL
PAPL
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-0.44×
Q3 24
Q2 24
-7.80×

Financial Flow Comparison

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

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