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

FrontView REIT, Inc. is the larger business by last-quarter revenue ($18.2M vs $13.0M, roughly 1.4× Aquestive Therapeutics, Inc.). FrontView REIT, Inc. runs the higher net margin — 2.2% vs -244.8%, a 247.0% gap on every dollar of revenue. On growth, FrontView REIT, Inc. posted the faster year-over-year revenue change (12.0% vs 9.7%).

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.

AQST vs FVR — Head-to-Head

Bigger by revenue
FVR
FVR
1.4× larger
FVR
$18.2M
$13.0M
AQST
Growing faster (revenue YoY)
FVR
FVR
+2.3% gap
FVR
12.0%
9.7%
AQST
Higher net margin
FVR
FVR
247.0% more per $
FVR
2.2%
-244.8%
AQST

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AQST
AQST
FVR
FVR
Revenue
$13.0M
$18.2M
Net Profit
$-31.9M
$400.0K
Gross Margin
55.2%
Operating Margin
-221.6%
24.9%
Net Margin
-244.8%
2.2%
Revenue YoY
9.7%
12.0%
Net Profit YoY
-86.8%
EPS (diluted)
$-0.26

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
FVR
FVR
Q1 26
$18.2M
Q4 25
$13.0M
$16.5M
Q3 25
$12.8M
$16.8M
Q2 25
$10.0M
$17.6M
Q1 25
$8.7M
$16.2M
Q4 24
$11.9M
Q3 24
$13.5M
$14.5M
Q2 24
$20.1M
Net Profit
AQST
AQST
FVR
FVR
Q1 26
$400.0K
Q4 25
$-31.9M
$-4.1M
Q3 25
$-15.4M
$4.0M
Q2 25
$-13.5M
$-2.9M
Q1 25
$-22.9M
$-833.0K
Q4 24
$-17.1M
Q3 24
$-11.5M
$-2.4M
Q2 24
$-2.7M
Gross Margin
AQST
AQST
FVR
FVR
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
FVR
FVR
Q1 26
24.9%
Q4 25
-221.6%
Q3 25
-89.6%
Q2 25
-113.6%
Q1 25
-222.1%
Q4 24
-114.4%
Q3 24
-61.2%
Q2 24
0.3%
Net Margin
AQST
AQST
FVR
FVR
Q1 26
2.2%
Q4 25
-244.8%
-24.9%
Q3 25
-120.6%
23.9%
Q2 25
-135.4%
-16.5%
Q1 25
-263.0%
-5.1%
Q4 24
-143.7%
Q3 24
-85.0%
-16.7%
Q2 24
-13.7%
EPS (diluted)
AQST
AQST
FVR
FVR
Q1 26
Q4 25
$-0.26
$-0.19
Q3 25
$-0.14
$0.19
Q2 25
$-0.14
$-0.16
Q1 25
$-0.24
$-0.06
Q4 24
$-0.18
Q3 24
$-0.13
Q2 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
AQST
AQST
FVR
FVR
Cash + ST InvestmentsLiquidity on hand
$9.3M
Total DebtLower is stronger
$27.5M
Stockholders' EquityBook value
$-33.7M
$514.2M
Total Assets
$160.4M
$869.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AQST
AQST
FVR
FVR
Q1 26
$9.3M
Q4 25
$13.5M
Q3 25
$129.1M
$19.6M
Q2 25
$60.5M
$8.4M
Q1 25
$68.7M
$3.3M
Q4 24
$71.5M
Q3 24
$77.9M
Q2 24
$89.9M
Total Debt
AQST
AQST
FVR
FVR
Q1 26
Q4 25
$27.5M
$314.3M
Q3 25
$45.0M
$307.1M
Q2 25
$45.0M
$316.9M
Q1 25
$45.0M
$310.2M
Q4 24
$32.5M
Q3 24
$45.0M
Q2 24
$45.0M
Stockholders' Equity
AQST
AQST
FVR
FVR
Q1 26
$514.2M
Q4 25
$-33.7M
$391.2M
Q3 25
$-4.1M
$385.2M
Q2 25
$-72.6M
$369.9M
Q1 25
$-60.9M
$324.7M
Q4 24
$-60.2M
Q3 24
$-45.4M
$1.0K
Q2 24
$-35.5M
Total Assets
AQST
AQST
FVR
FVR
Q1 26
$869.8M
Q4 25
$160.4M
$854.4M
Q3 25
$163.6M
$846.8M
Q2 25
$93.7M
$856.5M
Q1 25
$102.2M
$860.8M
Q4 24
$101.4M
Q3 24
$110.0M
$1.0K
Q2 24
$117.6M
Debt / Equity
AQST
AQST
FVR
FVR
Q1 26
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
Q4 24
Q3 24
Q2 24

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AQST
AQST
FVR
FVR
Q1 26
Q4 25
$-8.5M
$42.1M
Q3 25
$-12.6M
$8.3M
Q2 25
$-7.9M
$9.3M
Q1 25
$-23.4M
$8.1M
Q4 24
$-6.5M
Q3 24
$-11.9M
Q2 24
$-7.0M
Free Cash Flow
AQST
AQST
FVR
FVR
Q1 26
Q4 25
$-8.6M
Q3 25
$-12.9M
Q2 25
$-8.0M
Q1 25
$-23.5M
Q4 24
$-6.5M
Q3 24
$-12.0M
Q2 24
$-7.0M
FCF Margin
AQST
AQST
FVR
FVR
Q1 26
Q4 25
-65.7%
Q3 25
-100.6%
Q2 25
-80.2%
Q1 25
-269.9%
Q4 24
-54.8%
Q3 24
-88.3%
Q2 24
-35.0%
Capex Intensity
AQST
AQST
FVR
FVR
Q1 26
Q4 25
0.7%
Q3 25
1.8%
Q2 25
1.1%
Q1 25
1.5%
Q4 24
0.1%
Q3 24
0.6%
Q2 24
0.2%
Cash Conversion
AQST
AQST
FVR
FVR
Q1 26
Q4 25
Q3 25
2.06×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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