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Side-by-side financial comparison of Aquestive Therapeutics, Inc. (AQST) and AMREP CORP. (AXR). Click either name above to swap in a different company.

AMREP CORP. is the larger business by last-quarter revenue ($14.6M vs $13.0M, roughly 1.1× Aquestive Therapeutics, Inc.). AMREP CORP. runs the higher net margin — 21.6% vs -244.8%, a 266.4% gap on every dollar of revenue. On growth, AMREP CORP. posted the faster year-over-year revenue change (93.8% vs 9.7%). AMREP CORP. produced more free cash flow last quarter ($5.4M vs $-8.6M). Over the past eight quarters, Aquestive Therapeutics, Inc.'s revenue compounded faster (3.9% CAGR vs -13.6%).

Aquestive Therapeutics is a specialty pharmaceutical company focused on developing and commercializing innovative treatments for central nervous system disorders. It leverages proprietary drug delivery technologies to create accessible, patient-friendly therapeutic options, serving healthcare providers and patients across North America and European markets, with core offerings addressing unmet needs in neurology and psychiatry.

AMREP Corporation is a real estate and media services company based in Princeton, New Jersey, in the United States. It was founded in 1961 as The American Realty and Petroleum Corporation.

AQST vs AXR — Head-to-Head

Bigger by revenue
AXR
AXR
1.1× larger
AXR
$14.6M
$13.0M
AQST
Growing faster (revenue YoY)
AXR
AXR
+84.1% gap
AXR
93.8%
9.7%
AQST
Higher net margin
AXR
AXR
266.4% more per $
AXR
21.6%
-244.8%
AQST
More free cash flow
AXR
AXR
$13.9M more FCF
AXR
$5.4M
$-8.6M
AQST
Faster 2-yr revenue CAGR
AQST
AQST
Annualised
AQST
3.9%
-13.6%
AXR

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AQST
AQST
AXR
AXR
Revenue
$13.0M
$14.6M
Net Profit
$-31.9M
$3.1M
Gross Margin
55.2%
Operating Margin
-221.6%
20.6%
Net Margin
-244.8%
21.6%
Revenue YoY
9.7%
93.8%
Net Profit YoY
-86.8%
338.9%
EPS (diluted)
$-0.26
$0.58

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
AQST
AQST
AXR
AXR
Q1 26
$14.6M
Q4 25
$13.0M
$9.4M
Q3 25
$12.8M
$17.9M
Q2 25
$10.0M
$11.2M
Q1 25
$8.7M
$7.5M
Q4 24
$11.9M
$11.9M
Q3 24
$13.5M
$19.1M
Q2 24
$20.1M
$19.5M
Net Profit
AQST
AQST
AXR
AXR
Q1 26
$3.1M
Q4 25
$-31.9M
$1.2M
Q3 25
$-15.4M
$4.7M
Q2 25
$-13.5M
$3.9M
Q1 25
$-22.9M
$717.0K
Q4 24
$-17.1M
$4.0M
Q3 24
$-11.5M
$4.1M
Q2 24
$-2.7M
$4.1M
Gross Margin
AQST
AQST
AXR
AXR
Q1 26
Q4 25
55.2%
Q3 25
64.8%
Q2 25
54.4%
Q1 25
58.1%
Q4 24
61.9%
Q3 24
67.2%
Q2 24
77.5%
Operating Margin
AQST
AQST
AXR
AXR
Q1 26
20.6%
Q4 25
-221.6%
11.9%
Q3 25
-89.6%
34.4%
Q2 25
-113.6%
31.7%
Q1 25
-222.1%
5.7%
Q4 24
-114.4%
26.4%
Q3 24
-61.2%
26.1%
Q2 24
0.3%
23.9%
Net Margin
AQST
AQST
AXR
AXR
Q1 26
21.6%
Q4 25
-244.8%
12.8%
Q3 25
-120.6%
26.3%
Q2 25
-135.4%
34.8%
Q1 25
-263.0%
9.5%
Q4 24
-143.7%
33.9%
Q3 24
-85.0%
21.3%
Q2 24
-13.7%
21.2%
EPS (diluted)
AQST
AQST
AXR
AXR
Q1 26
$0.58
Q4 25
$-0.26
$0.22
Q3 25
$-0.14
$0.87
Q2 25
$-0.14
$0.73
Q1 25
$-0.24
$0.13
Q4 24
$-0.18
$0.75
Q3 24
$-0.13
$0.76
Q2 24
$-0.03
$0.77

Balance Sheet & Financial Strength

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

Metric
AQST
AQST
AXR
AXR
Cash + ST InvestmentsLiquidity on hand
$50.0M
Total DebtLower is stronger
$27.5M
$21.0K
Stockholders' EquityBook value
$-33.7M
$139.4M
Total Assets
$160.4M
$143.9M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AQST
AQST
AXR
AXR
Q1 26
$50.0M
Q4 25
$44.6M
Q3 25
$129.1M
$48.9M
Q2 25
$60.5M
$39.5M
Q1 25
$68.7M
$36.9M
Q4 24
$71.5M
$40.1M
Q3 24
$77.9M
$40.4M
Q2 24
$89.9M
$29.7M
Total Debt
AQST
AQST
AXR
AXR
Q1 26
$21.0K
Q4 25
$27.5M
$23.0K
Q3 25
$45.0M
$25.0K
Q2 25
$45.0M
$26.0K
Q1 25
$45.0M
$29.0K
Q4 24
$32.5M
$32.0K
Q3 24
$45.0M
$34.0K
Q2 24
$45.0M
$35.0K
Stockholders' Equity
AQST
AQST
AXR
AXR
Q1 26
$139.4M
Q4 25
$-33.7M
$136.0M
Q3 25
$-4.1M
$134.7M
Q2 25
$-72.6M
$130.0M
Q1 25
$-60.9M
$126.0M
Q4 24
$-60.2M
$125.1M
Q3 24
$-45.4M
$122.2M
Q2 24
$-35.5M
$118.0M
Total Assets
AQST
AQST
AXR
AXR
Q1 26
$143.9M
Q4 25
$160.4M
$140.1M
Q3 25
$163.6M
$140.7M
Q2 25
$93.7M
$133.8M
Q1 25
$102.2M
$128.9M
Q4 24
$101.4M
$129.1M
Q3 24
$110.0M
$127.0M
Q2 24
$117.6M
$122.8M
Debt / Equity
AQST
AQST
AXR
AXR
Q1 26
0.00×
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AQST
AQST
AXR
AXR
Operating Cash FlowLast quarter
$-8.5M
$5.4M
Free Cash FlowOCF − Capex
$-8.6M
$5.4M
FCF MarginFCF / Revenue
-65.7%
37.0%
Capex IntensityCapex / Revenue
0.7%
0.1%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters
$-53.0M
$20.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AQST
AQST
AXR
AXR
Q1 26
$5.4M
Q4 25
$-8.5M
$-4.3M
Q3 25
$-12.6M
$9.5M
Q2 25
$-7.9M
$10.2M
Q1 25
$-23.4M
$-3.2M
Q4 24
$-6.5M
$-182.0K
Q3 24
$-11.9M
$10.7M
Q2 24
$-7.0M
$10.7M
Free Cash Flow
AQST
AQST
AXR
AXR
Q1 26
$5.4M
Q4 25
$-8.6M
$-4.3M
Q3 25
$-12.9M
$9.5M
Q2 25
$-8.0M
$9.7M
Q1 25
$-23.5M
$-3.3M
Q4 24
$-6.5M
$-268.0K
Q3 24
$-12.0M
$10.7M
Q2 24
$-7.0M
$10.3M
FCF Margin
AQST
AQST
AXR
AXR
Q1 26
37.0%
Q4 25
-65.7%
-45.9%
Q3 25
-100.6%
53.2%
Q2 25
-80.2%
86.4%
Q1 25
-269.9%
-43.4%
Q4 24
-54.8%
-2.3%
Q3 24
-88.3%
55.8%
Q2 24
-35.0%
52.5%
Capex Intensity
AQST
AQST
AXR
AXR
Q1 26
0.1%
Q4 25
0.7%
0.6%
Q3 25
1.8%
0.1%
Q2 25
1.1%
5.2%
Q1 25
1.5%
0.3%
Q4 24
0.1%
0.7%
Q3 24
0.6%
0.2%
Q2 24
0.2%
2.3%
Cash Conversion
AQST
AQST
AXR
AXR
Q1 26
1.72×
Q4 25
-3.54×
Q3 25
2.03×
Q2 25
2.63×
Q1 25
-4.51×
Q4 24
-0.05×
Q3 24
2.63×
Q2 24
2.59×

Financial Flow Comparison

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

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