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

Applied Therapeutics, Inc. is the larger business by last-quarter revenue ($1.0M vs $881.5K, roughly 1.1× Serve Robotics Inc.). Applied Therapeutics, Inc. runs the higher net margin — -1899.0% vs -3888.1%, a 1989.1% gap on every dollar of revenue. On growth, Applied Therapeutics, Inc. posted the faster year-over-year revenue change (719.7% vs 400.1%).

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.

Ecovacs Robotics is a Chinese technology company. It is best known for developing in-home robotic appliances. The company was founded in 1998 by Qian Dongqi and is headquartered in Suzhou, China. According to Global Asia, Ecovacs Robotics had more than 60% of the Chinese market for robots by 2013. In 2023, Nikkei Asia had reported that the market capitalisation of Ecovacs Robotics has grown to near $6.38 billion, which is "roughly 5 times" that of the market capitalisation of rivalling US bas...

APLT vs SERV — Head-to-Head

Bigger by revenue
APLT
APLT
1.1× larger
APLT
$1.0M
$881.5K
SERV
Growing faster (revenue YoY)
APLT
APLT
+319.6% gap
APLT
719.7%
400.1%
SERV
Higher net margin
APLT
APLT
1989.1% more per $
APLT
-1899.0%
-3888.1%
SERV

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
APLT
APLT
SERV
SERV
Revenue
$1.0M
$881.5K
Net Profit
$-19.0M
$-34.3M
Gross Margin
-757.3%
Operating Margin
-1675.8%
-4572.1%
Net Margin
-1899.0%
-3888.1%
Revenue YoY
719.7%
400.1%
Net Profit YoY
72.3%
-161.3%
EPS (diluted)
$-0.13
$-0.50

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
SERV
SERV
Q4 25
$881.5K
Q3 25
$1.0M
$687.0K
Q2 25
$0
$642.0K
Q1 25
$0
$440.5K
Q4 24
$-1.0K
$176.3K
Q3 24
$222.0K
Q2 24
$144.0K
$468.0K
Q1 24
$190.0K
$946.7K
Net Profit
APLT
APLT
SERV
SERV
Q4 25
$-34.3M
Q3 25
$-19.0M
$-33.0M
Q2 25
$-21.3M
$-20.9M
Q1 25
$-21.8M
$-13.2M
Q4 24
$44.0M
$-13.1M
Q3 24
$-8.0M
Q2 24
$2.9M
$-9.0M
Q1 24
$-83.9M
$-9.0M
Gross Margin
APLT
APLT
SERV
SERV
Q4 25
-757.3%
Q3 25
-637.4%
Q2 25
-445.3%
Q1 25
-333.4%
Q4 24
-371.7%
Q3 24
-70.3%
Q2 24
30.3%
Q1 24
62.8%
Operating Margin
APLT
APLT
SERV
SERV
Q4 25
-4572.1%
Q3 25
-1675.8%
-5067.8%
Q2 25
-3527.1%
Q1 25
-3406.6%
Q4 24
3302300.0%
-7701.3%
Q3 24
-3804.1%
Q2 24
-14194.4%
-1828.2%
Q1 24
-11101.6%
-814.6%
Net Margin
APLT
APLT
SERV
SERV
Q4 25
-3888.1%
Q3 25
-1899.0%
-4806.4%
Q2 25
-3247.7%
Q1 25
-3000.5%
Q4 24
-4400700.0%
-7441.8%
Q3 24
-3601.8%
Q2 24
2012.5%
-1931.2%
Q1 24
-44177.9%
-954.7%
EPS (diluted)
APLT
APLT
SERV
SERV
Q4 25
$-0.50
Q3 25
$-0.13
$-0.54
Q2 25
$-0.15
$-0.36
Q1 25
$-0.15
$-0.23
Q4 24
$0.52
$-0.23
Q3 24
$-0.20
Q2 24
$-0.13
$-0.27
Q1 24
$-0.67
$-0.37

Balance Sheet & Financial Strength

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

Metric
APLT
APLT
SERV
SERV
Cash + ST InvestmentsLiquidity on hand
$11.9M
$106.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-561.0K
$350.7M
Total Assets
$34.4M
$367.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLT
APLT
SERV
SERV
Q4 25
$106.2M
Q3 25
$11.9M
$116.8M
Q2 25
$30.4M
$116.7M
Q1 25
$50.8M
$197.8M
Q4 24
$79.4M
$123.3M
Q3 24
$50.9M
Q2 24
$122.2M
$28.8M
Q1 24
$146.5M
Stockholders' Equity
APLT
APLT
SERV
SERV
Q4 25
$350.7M
Q3 25
$-561.0K
$283.9M
Q2 25
$17.4M
$207.2M
Q1 25
$36.7M
$210.2M
Q4 24
$57.0M
$131.7M
Q3 24
$56.2M
Q2 24
$72.4M
$28.5M
Q1 24
$67.3M
$-8.8M
Total Assets
APLT
APLT
SERV
SERV
Q4 25
$367.8M
Q3 25
$34.4M
$299.1M
Q2 25
$37.3M
$214.3M
Q1 25
$56.9M
$216.6M
Q4 24
$86.7M
$139.6M
Q3 24
$61.5M
Q2 24
$127.8M
$32.8M
Q1 24
$151.2M
$4.2M

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
SERV
SERV
Operating Cash FlowLast quarter
$-18.4M
$-29.6M
Free Cash FlowOCF − Capex
$-46.1M
FCF MarginFCF / Revenue
-5234.4%
Capex IntensityCapex / Revenue
1872.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-117.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLT
APLT
SERV
SERV
Q4 25
$-29.6M
Q3 25
$-18.4M
$-25.2M
Q2 25
$-20.3M
$-16.0M
Q1 25
$-28.6M
$-9.5M
Q4 24
$-19.5M
$-6.3M
Q3 24
$-5.5M
Q2 24
$-22.6M
$-5.7M
Q1 24
$-18.9M
$-4.1M
Free Cash Flow
APLT
APLT
SERV
SERV
Q4 25
$-46.1M
Q3 25
$-36.5M
Q2 25
$-22.0M
Q1 25
$-12.9M
Q4 24
$-11.1M
Q3 24
$-10.1M
Q2 24
$-6.5M
Q1 24
$-4.1M
FCF Margin
APLT
APLT
SERV
SERV
Q4 25
-5234.4%
Q3 25
-5314.1%
Q2 25
-3426.8%
Q1 25
-2934.1%
Q4 24
-6307.8%
Q3 24
-4529.7%
Q2 24
-1396.6%
Q1 24
-431.1%
Capex Intensity
APLT
APLT
SERV
SERV
Q4 25
1872.1%
Q3 25
1649.6%
Q2 25
940.4%
Q1 25
785.7%
Q4 24
2755.1%
Q3 24
2070.7%
Q2 24
169.8%
Q1 24
0.4%
Cash Conversion
APLT
APLT
SERV
SERV
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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