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Side-by-side financial comparison of Aquestive Therapeutics, Inc. (AQST) and CUMBERLAND PHARMACEUTICALS INC (CPIX). Click either name above to swap in a different company.

CUMBERLAND PHARMACEUTICALS INC is the larger business by last-quarter revenue ($13.7M vs $13.0M, roughly 1.1× Aquestive Therapeutics, Inc.). CUMBERLAND PHARMACEUTICALS INC runs the higher net margin — -10.3% vs -244.8%, a 234.5% gap on every dollar of revenue. On growth, CUMBERLAND PHARMACEUTICALS INC posted the faster year-over-year revenue change (31.1% vs 9.7%). CUMBERLAND PHARMACEUTICALS INC produced more free cash flow last quarter ($3.0K vs $-8.6M). Over the past eight quarters, CUMBERLAND PHARMACEUTICALS INC's revenue compounded faster (26.9% CAGR vs 3.9%).

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.

Cumberland Pharmaceuticals Inc is a specialty pharmaceutical company that develops, manufactures and commercializes branded prescription medicines. Its core product portfolio covers acute care, gastroenterology, pain management and rare disease treatment, with its primary operating market being the United States, serving healthcare providers and patients in relevant care segments.

AQST vs CPIX — Head-to-Head

Bigger by revenue
CPIX
CPIX
1.1× larger
CPIX
$13.7M
$13.0M
AQST
Growing faster (revenue YoY)
CPIX
CPIX
+21.4% gap
CPIX
31.1%
9.7%
AQST
Higher net margin
CPIX
CPIX
234.5% more per $
CPIX
-10.3%
-244.8%
AQST
More free cash flow
CPIX
CPIX
$8.6M more FCF
CPIX
$3.0K
$-8.6M
AQST
Faster 2-yr revenue CAGR
CPIX
CPIX
Annualised
CPIX
26.9%
3.9%
AQST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AQST
AQST
CPIX
CPIX
Revenue
$13.0M
$13.7M
Net Profit
$-31.9M
$-1.4M
Gross Margin
55.2%
83.6%
Operating Margin
-221.6%
-10.0%
Net Margin
-244.8%
-10.3%
Revenue YoY
9.7%
31.1%
Net Profit YoY
-86.8%
25.8%
EPS (diluted)
$-0.26
$-0.09

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
CPIX
CPIX
Q4 25
$13.0M
$13.7M
Q3 25
$12.8M
$8.3M
Q2 25
$10.0M
$10.8M
Q1 25
$8.7M
$11.7M
Q4 24
$11.9M
$10.4M
Q3 24
$13.5M
$9.1M
Q2 24
$20.1M
$9.8M
Q1 24
$12.1M
$8.5M
Net Profit
AQST
AQST
CPIX
CPIX
Q4 25
$-31.9M
$-1.4M
Q3 25
$-15.4M
$-1.9M
Q2 25
$-13.5M
$-740.7K
Q1 25
$-22.9M
$1.3M
Q4 24
$-17.1M
$-1.9M
Q3 24
$-11.5M
$-1.5M
Q2 24
$-2.7M
$-1.1M
Q1 24
$-12.8M
$-1.9M
Gross Margin
AQST
AQST
CPIX
CPIX
Q4 25
55.2%
83.6%
Q3 25
64.8%
88.1%
Q2 25
54.4%
81.4%
Q1 25
58.1%
87.8%
Q4 24
61.9%
81.1%
Q3 24
67.2%
85.4%
Q2 24
77.5%
82.6%
Q1 24
63.6%
81.5%
Operating Margin
AQST
AQST
CPIX
CPIX
Q4 25
-221.6%
-10.0%
Q3 25
-89.6%
-23.7%
Q2 25
-113.6%
-6.9%
Q1 25
-222.1%
11.0%
Q4 24
-114.4%
-17.7%
Q3 24
-61.2%
-18.6%
Q2 24
0.3%
-10.4%
Q1 24
-74.3%
-22.0%
Net Margin
AQST
AQST
CPIX
CPIX
Q4 25
-244.8%
-10.3%
Q3 25
-120.6%
-23.4%
Q2 25
-135.4%
-6.8%
Q1 25
-263.0%
10.7%
Q4 24
-143.7%
-18.2%
Q3 24
-85.0%
-17.0%
Q2 24
-13.7%
-11.0%
Q1 24
-106.4%
-22.9%
EPS (diluted)
AQST
AQST
CPIX
CPIX
Q4 25
$-0.26
$-0.09
Q3 25
$-0.14
$-0.13
Q2 25
$-0.14
$-0.05
Q1 25
$-0.24
$0.08
Q4 24
$-0.18
$-0.13
Q3 24
$-0.13
$-0.11
Q2 24
$-0.03
$-0.08
Q1 24
$-0.17
$-0.14

Balance Sheet & Financial Strength

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

Metric
AQST
AQST
CPIX
CPIX
Cash + ST InvestmentsLiquidity on hand
$11.4M
Total DebtLower is stronger
$27.5M
Stockholders' EquityBook value
$-33.7M
$24.9M
Total Assets
$160.4M
$76.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AQST
AQST
CPIX
CPIX
Q4 25
$11.4M
Q3 25
$129.1M
$15.2M
Q2 25
$60.5M
$16.1M
Q1 25
$68.7M
$15.1M
Q4 24
$71.5M
$18.0M
Q3 24
$77.9M
$17.5M
Q2 24
$89.9M
$17.3M
Q1 24
$95.2M
$18.5M
Total Debt
AQST
AQST
CPIX
CPIX
Q4 25
$27.5M
Q3 25
$45.0M
Q2 25
$45.0M
Q1 25
$45.0M
Q4 24
$32.5M
Q3 24
$45.0M
Q2 24
$45.0M
Q1 24
$45.0M
Stockholders' Equity
AQST
AQST
CPIX
CPIX
Q4 25
$-33.7M
$24.9M
Q3 25
$-4.1M
$26.1M
Q2 25
$-72.6M
$28.0M
Q1 25
$-60.9M
$28.7M
Q4 24
$-60.2M
$22.9M
Q3 24
$-45.4M
$24.8M
Q2 24
$-35.5M
$26.3M
Q1 24
$-36.3M
$27.5M
Total Assets
AQST
AQST
CPIX
CPIX
Q4 25
$160.4M
$76.8M
Q3 25
$163.6M
$65.9M
Q2 25
$93.7M
$67.9M
Q1 25
$102.2M
$69.9M
Q4 24
$101.4M
$75.6M
Q3 24
$110.0M
$76.7M
Q2 24
$117.6M
$78.5M
Q1 24
$129.5M
$81.5M

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
CPIX
CPIX
Operating Cash FlowLast quarter
$-8.5M
$3.0K
Free Cash FlowOCF − Capex
$-8.6M
$3.0K
FCF MarginFCF / Revenue
-65.7%
0.0%
Capex IntensityCapex / Revenue
0.7%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-53.0M
$4.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AQST
AQST
CPIX
CPIX
Q4 25
$-8.5M
$3.0K
Q3 25
$-12.6M
$187.2K
Q2 25
$-7.9M
$843.8K
Q1 25
$-23.4M
$3.9M
Q4 24
$-6.5M
$1.9M
Q3 24
$-11.9M
$475.5K
Q2 24
$-7.0M
$-855.7K
Q1 24
$-10.4M
$-2.1M
Free Cash Flow
AQST
AQST
CPIX
CPIX
Q4 25
$-8.6M
$3.0K
Q3 25
$-12.9M
$163.4K
Q2 25
$-8.0M
$817.3K
Q1 25
$-23.5M
$3.9M
Q4 24
$-6.5M
$1.9M
Q3 24
$-12.0M
$460.1K
Q2 24
$-7.0M
$-862.8K
Q1 24
$-10.4M
$-2.2M
FCF Margin
AQST
AQST
CPIX
CPIX
Q4 25
-65.7%
0.0%
Q3 25
-100.6%
2.0%
Q2 25
-80.2%
7.5%
Q1 25
-269.9%
32.9%
Q4 24
-54.8%
18.2%
Q3 24
-88.3%
5.1%
Q2 24
-35.0%
-8.8%
Q1 24
-86.4%
-25.6%
Capex Intensity
AQST
AQST
CPIX
CPIX
Q4 25
0.7%
0.0%
Q3 25
1.8%
0.3%
Q2 25
1.1%
0.2%
Q1 25
1.5%
0.4%
Q4 24
0.1%
0.0%
Q3 24
0.6%
0.2%
Q2 24
0.2%
0.1%
Q1 24
0.2%
0.5%
Cash Conversion
AQST
AQST
CPIX
CPIX
Q4 25
Q3 25
Q2 25
Q1 25
3.10×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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