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

Applied Therapeutics, Inc. is the larger business by last-quarter revenue ($1.0M vs $622.0K, roughly 1.6× TaoWeave, Inc.). TaoWeave, Inc. runs the higher net margin — -448.2% vs -1899.0%, a 1450.8% gap on every dollar of revenue. On growth, Applied Therapeutics, Inc. posted the faster year-over-year revenue change (719.7% vs 10.5%).

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.

APLT vs TWAV — Head-to-Head

Bigger by revenue
APLT
APLT
1.6× larger
APLT
$1.0M
$622.0K
TWAV
Growing faster (revenue YoY)
APLT
APLT
+709.2% gap
APLT
719.7%
10.5%
TWAV
Higher net margin
TWAV
TWAV
1450.8% more per $
TWAV
-448.2%
-1899.0%
APLT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
APLT
APLT
TWAV
TWAV
Revenue
$1.0M
$622.0K
Net Profit
$-19.0M
$-2.8M
Gross Margin
47.1%
Operating Margin
-1675.8%
-126.4%
Net Margin
-1899.0%
-448.2%
Revenue YoY
719.7%
10.5%
Net Profit YoY
72.3%
-215.4%
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
TWAV
TWAV
Q4 25
$622.0K
Q3 25
$1.0M
$601.0K
Q2 25
$0
$592.0K
Q1 25
$0
$622.0K
Q4 24
$-1.0K
$563.0K
Q3 24
$578.0K
Q2 24
$144.0K
$611.0K
Q1 24
$190.0K
$626.0K
Net Profit
APLT
APLT
TWAV
TWAV
Q4 25
$-2.8M
Q3 25
$-19.0M
$-2.3M
Q2 25
$-21.3M
$-605.0K
Q1 25
$-21.8M
$-672.0K
Q4 24
$44.0M
$-884.0K
Q3 24
$-1.0M
Q2 24
$2.9M
$-983.0K
Q1 24
$-83.9M
$-1.1M
Gross Margin
APLT
APLT
TWAV
TWAV
Q4 25
47.1%
Q3 25
40.6%
Q2 25
38.5%
Q1 25
40.0%
Q4 24
24.0%
Q3 24
13.7%
Q2 24
19.6%
Q1 24
-0.5%
Operating Margin
APLT
APLT
TWAV
TWAV
Q4 25
-126.4%
Q3 25
-1675.8%
-133.4%
Q2 25
-115.4%
Q1 25
-111.1%
Q4 24
3302300.0%
-164.8%
Q3 24
-185.5%
Q2 24
-14194.4%
-166.6%
Q1 24
-11101.6%
-189.1%
Net Margin
APLT
APLT
TWAV
TWAV
Q4 25
-448.2%
Q3 25
-1899.0%
-381.0%
Q2 25
-102.2%
Q1 25
-108.0%
Q4 24
-4400700.0%
-157.0%
Q3 24
-179.9%
Q2 24
2012.5%
-160.9%
Q1 24
-44177.9%
-181.5%
EPS (diluted)
APLT
APLT
TWAV
TWAV
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
$-0.07

Balance Sheet & Financial Strength

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

Metric
APLT
APLT
TWAV
TWAV
Cash + ST InvestmentsLiquidity on hand
$11.9M
$2.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-561.0K
$7.0M
Total Assets
$34.4M
$8.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLT
APLT
TWAV
TWAV
Q4 25
$2.3M
Q3 25
$11.9M
$3.7M
Q2 25
$30.4M
$10.8M
Q1 25
$50.8M
$4.3M
Q4 24
$79.4M
$5.0M
Q3 24
$5.6M
Q2 24
$122.2M
$5.9M
Q1 24
$146.5M
Stockholders' Equity
APLT
APLT
TWAV
TWAV
Q4 25
$7.0M
Q3 25
$-561.0K
$9.8M
Q2 25
$17.4M
$11.3M
Q1 25
$36.7M
$3.4M
Q4 24
$57.0M
$4.0M
Q3 24
$4.7M
Q2 24
$72.4M
$5.1M
Q1 24
$67.3M
$4.4M
Total Assets
APLT
APLT
TWAV
TWAV
Q4 25
$8.2M
Q3 25
$34.4M
$10.9M
Q2 25
$37.3M
$13.1M
Q1 25
$56.9M
$4.8M
Q4 24
$86.7M
$5.3M
Q3 24
$6.0M
Q2 24
$127.8M
$6.3M
Q1 24
$151.2M
$5.9M

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
TWAV
TWAV
Operating Cash FlowLast quarter
$-18.4M
$-744.0K
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
TWAV
TWAV
Q4 25
$-744.0K
Q3 25
$-18.4M
$-1.6M
Q2 25
$-20.3M
$-37.0K
Q1 25
$-28.6M
$-680.0K
Q4 24
$-19.5M
$-255.0K
Q3 24
$-911.0K
Q2 24
$-22.6M
$-1.6M
Q1 24
$-18.9M
$-630.0K
Cash Conversion
APLT
APLT
TWAV
TWAV
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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