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Side-by-side financial comparison of Arcturus Therapeutics Holdings Inc. (ARCT) and Coda Octopus Group, Inc. (CODA). Click either name above to swap in a different company.

Coda Octopus Group, Inc. is the larger business by last-quarter revenue ($7.3M vs $7.2M, roughly 1.0× Arcturus Therapeutics Holdings Inc.). On growth, Coda Octopus Group, Inc. posted the faster year-over-year revenue change (43.8% vs -68.4%). Coda Octopus Group, Inc. produced more free cash flow last quarter ($2.5M vs $-74.5M). Over the past eight quarters, Coda Octopus Group, Inc.'s revenue compounded faster (27.7% CAGR vs -56.5%).

Arcturus Therapeutics Holdings Inc. is an American RNA medicines biotechnology company focused on the discovery, development and commercialization of therapeutics for rare diseases and infectious diseases. Arcturus has developed proprietary lipid nanoparticle RNA therapeutics for nucleic acid medicines including small interfering RNA (siRNA), messenger RNA (mRNA), gene editing RNA, DNA, antisense oligonucleotides, and microRNA.

CODA plc was a mid-sized international financial software company based in the United Kingdom. Founded in 1979, it was purchased in 2008 by Unit4, a supplier of enterprise software, based in the Netherlands. CODA creates, markets and implements a range of business software systems designed for finance directors and finance departments. These include:financial management systems like accounting software and procurement software: financial analysis applications like reporting, consolidation and...

ARCT vs CODA — Head-to-Head

Bigger by revenue
CODA
CODA
1.0× larger
CODA
$7.3M
$7.2M
ARCT
Growing faster (revenue YoY)
CODA
CODA
+112.2% gap
CODA
43.8%
-68.4%
ARCT
More free cash flow
CODA
CODA
$77.0M more FCF
CODA
$2.5M
$-74.5M
ARCT
Faster 2-yr revenue CAGR
CODA
CODA
Annualised
CODA
27.7%
-56.5%
ARCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARCT
ARCT
CODA
CODA
Revenue
$7.2M
$7.3M
Net Profit
$1.0M
Gross Margin
67.6%
Operating Margin
19.3%
Net Margin
14.1%
Revenue YoY
-68.4%
43.8%
Net Profit YoY
3.1%
214.3%
EPS (diluted)
$0.10

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
ARCT
ARCT
CODA
CODA
Q4 25
$7.2M
$7.3M
Q3 25
$17.2M
$7.1M
Q2 25
$28.3M
$7.0M
Q1 25
$29.4M
$5.2M
Q4 24
$22.8M
$5.1M
Q3 24
$41.7M
$5.5M
Q2 24
$49.9M
$5.3M
Q1 24
$38.0M
$4.5M
Net Profit
ARCT
ARCT
CODA
CODA
Q4 25
$1.0M
Q3 25
$-13.4M
$1.3M
Q2 25
$-9.2M
$908.8K
Q1 25
$-14.1M
$913.0K
Q4 24
$-30.0M
$326.2K
Q3 24
$-6.9M
$1.3M
Q2 24
$-17.2M
$1.4M
Q1 24
$-26.8M
$629.9K
Gross Margin
ARCT
ARCT
CODA
CODA
Q4 25
67.6%
Q3 25
68.3%
Q2 25
64.1%
Q1 25
65.8%
Q4 24
65.3%
Q3 24
73.9%
Q2 24
70.2%
Q1 24
69.2%
Operating Margin
ARCT
ARCT
CODA
CODA
Q4 25
19.3%
Q3 25
-96.3%
19.5%
Q2 25
-41.0%
15.5%
Q1 25
-57.3%
12.7%
Q4 24
-146.7%
5.7%
Q3 24
-25.8%
25.4%
Q2 24
-42.4%
25.4%
Q1 24
-80.0%
12.4%
Net Margin
ARCT
ARCT
CODA
CODA
Q4 25
14.1%
Q3 25
-78.4%
18.2%
Q2 25
-32.4%
13.0%
Q1 25
-47.9%
17.5%
Q4 24
-131.8%
6.5%
Q3 24
-16.6%
23.3%
Q2 24
-34.5%
26.6%
Q1 24
-70.5%
14.1%
EPS (diluted)
ARCT
ARCT
CODA
CODA
Q4 25
$0.10
Q3 25
$-0.49
$0.11
Q2 25
$-0.34
$0.08
Q1 25
$-0.52
$0.08
Q4 24
$-1.10
$0.02
Q3 24
$-0.26
$0.11
Q2 24
$-0.64
$0.13
Q1 24
$-1.00
$0.06

Balance Sheet & Financial Strength

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

Metric
ARCT
ARCT
CODA
CODA
Cash + ST InvestmentsLiquidity on hand
$230.9M
$28.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$214.0M
$58.1M
Total Assets
$271.1M
$64.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARCT
ARCT
CODA
CODA
Q4 25
$230.9M
$28.7M
Q3 25
$180.4M
$26.2M
Q2 25
$196.5M
$24.5M
Q1 25
$216.9M
$22.5M
Q4 24
$237.0M
$22.5M
Q3 24
$237.2M
$25.2M
Q2 24
$260.3M
$23.7M
Q1 24
$288.4M
$25.0M
Stockholders' Equity
ARCT
ARCT
CODA
CODA
Q4 25
$214.0M
$58.1M
Q3 25
$224.6M
$57.3M
Q2 25
$231.1M
$55.9M
Q1 25
$233.8M
$53.1M
Q4 24
$241.0M
$53.1M
Q3 24
$261.9M
$52.8M
Q2 24
$258.6M
$51.1M
Q1 24
$264.0M
$50.1M
Total Assets
ARCT
ARCT
CODA
CODA
Q4 25
$271.1M
$64.5M
Q3 25
$282.3M
$61.9M
Q2 25
$309.3M
$60.6M
Q1 25
$331.8M
$56.9M
Q4 24
$344.1M
$57.5M
Q3 24
$370.7M
$55.9M
Q2 24
$388.6M
$54.0M
Q1 24
$418.8M
$53.0M

Cash Flow & Capital Efficiency

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

Metric
ARCT
ARCT
CODA
CODA
Operating Cash FlowLast quarter
$-74.3M
$2.9M
Free Cash FlowOCF − Capex
$-74.5M
$2.5M
FCF MarginFCF / Revenue
-1035.2%
34.9%
Capex IntensityCapex / Revenue
3.2%
5.0%
Cash ConversionOCF / Net Profit
2.83×
TTM Free Cash FlowTrailing 4 quarters
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARCT
ARCT
CODA
CODA
Q4 25
$-74.3M
$2.9M
Q3 25
$-17.2M
$2.2M
Q2 25
$-5.8M
$1.5M
Q1 25
$-35.1M
$641.5K
Q4 24
$-284.0K
$2.0M
Q3 24
$-23.8M
$1.7M
Q2 24
$-30.1M
$-955.8K
Q1 24
$-5.6M
$-298.0K
Free Cash Flow
ARCT
ARCT
CODA
CODA
Q4 25
$-74.5M
$2.5M
Q3 25
$-17.3M
$1.6M
Q2 25
$1.4M
Q1 25
$-35.3M
$513.4K
Q4 24
$1.9M
Q3 24
$-23.8M
$1.5M
Q2 24
$-30.5M
$-1.1M
Q1 24
$-5.8M
$-433.6K
FCF Margin
ARCT
ARCT
CODA
CODA
Q4 25
-1035.2%
34.9%
Q3 25
-101.1%
22.6%
Q2 25
19.9%
Q1 25
-120.1%
9.9%
Q4 24
38.5%
Q3 24
-57.2%
28.2%
Q2 24
-61.1%
-20.9%
Q1 24
-15.3%
-9.7%
Capex Intensity
ARCT
ARCT
CODA
CODA
Q4 25
3.2%
5.0%
Q3 25
1.1%
8.6%
Q2 25
0.0%
1.0%
Q1 25
0.5%
2.5%
Q4 24
0.0%
0.9%
Q3 24
0.2%
3.0%
Q2 24
0.7%
2.9%
Q1 24
0.6%
3.0%
Cash Conversion
ARCT
ARCT
CODA
CODA
Q4 25
2.83×
Q3 25
1.72×
Q2 25
1.61×
Q1 25
0.70×
Q4 24
6.11×
Q3 24
1.34×
Q2 24
-0.68×
Q1 24
-0.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARCT
ARCT

Segment breakdown not available.

CODA
CODA

Segment Reporting$3.1M42%
Transferred At Point In Time$1.8M24%
Precision Acoustics Limited$1.3M18%
Other$1.1M15%

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