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Side-by-side financial comparison of Arcturus Therapeutics Holdings Inc. (ARCT) and Perfect Moment Ltd. (PMNT). Click either name above to swap in a different company.

Perfect Moment Ltd. is the larger business by last-quarter revenue ($11.7M vs $7.2M, roughly 1.6× Arcturus Therapeutics Holdings Inc.). On growth, Perfect Moment Ltd. posted the faster year-over-year revenue change (0.8% vs -68.4%). Perfect Moment Ltd. produced more free cash flow last quarter ($2.2M vs $-74.5M).

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.

Perfect Moment Ltd is a premium lifestyle and outdoor apparel brand specializing in high-performance, fashionable winter sports gear including ski wear, activewear, and supporting accessories. It serves luxury outdoor and winter sports consumer groups, with sales networks covering core markets in North America, Europe, and the Asia Pacific region.

ARCT vs PMNT — Head-to-Head

Bigger by revenue
PMNT
PMNT
1.6× larger
PMNT
$11.7M
$7.2M
ARCT
Growing faster (revenue YoY)
PMNT
PMNT
+69.2% gap
PMNT
0.8%
-68.4%
ARCT
More free cash flow
PMNT
PMNT
$76.7M more FCF
PMNT
$2.2M
$-74.5M
ARCT

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ARCT
ARCT
PMNT
PMNT
Revenue
$7.2M
$11.7M
Net Profit
$93.0K
Gross Margin
64.4%
Operating Margin
5.0%
Net Margin
0.8%
Revenue YoY
-68.4%
0.8%
Net Profit YoY
3.1%
103.7%
EPS (diluted)
$0.00

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
PMNT
PMNT
Q4 25
$7.2M
$11.7M
Q3 25
$17.2M
$4.8M
Q2 25
$28.3M
$1.5M
Q1 25
$29.4M
$5.0M
Q4 24
$22.8M
$11.7M
Q3 24
$41.7M
$3.8M
Q2 24
$49.9M
Q1 24
$38.0M
Net Profit
ARCT
ARCT
PMNT
PMNT
Q4 25
$93.0K
Q3 25
$-13.4M
$-1.8M
Q2 25
$-9.2M
$-3.8M
Q1 25
$-14.1M
$-7.3M
Q4 24
$-30.0M
$-2.5M
Q3 24
$-6.9M
$-2.7M
Q2 24
$-17.2M
Q1 24
$-26.8M
Gross Margin
ARCT
ARCT
PMNT
PMNT
Q4 25
64.4%
Q3 25
60.1%
Q2 25
60.4%
Q1 25
32.0%
Q4 24
54.8%
Q3 24
54.0%
Q2 24
Q1 24
Operating Margin
ARCT
ARCT
PMNT
PMNT
Q4 25
5.0%
Q3 25
-96.3%
-23.9%
Q2 25
-41.0%
-207.5%
Q1 25
-57.3%
-130.1%
Q4 24
-146.7%
-11.1%
Q3 24
-25.8%
-66.7%
Q2 24
-42.4%
Q1 24
-80.0%
Net Margin
ARCT
ARCT
PMNT
PMNT
Q4 25
0.8%
Q3 25
-78.4%
-38.6%
Q2 25
-32.4%
-259.4%
Q1 25
-47.9%
-145.5%
Q4 24
-131.8%
-21.3%
Q3 24
-16.6%
-71.6%
Q2 24
-34.5%
Q1 24
-70.5%
EPS (diluted)
ARCT
ARCT
PMNT
PMNT
Q4 25
$0.00
Q3 25
$-0.49
$-0.06
Q2 25
$-0.34
$-0.21
Q1 25
$-0.52
$-0.45
Q4 24
$-1.10
$-0.15
Q3 24
$-0.26
$-0.17
Q2 24
$-0.64
Q1 24
$-1.00

Balance Sheet & Financial Strength

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

Metric
ARCT
ARCT
PMNT
PMNT
Cash + ST InvestmentsLiquidity on hand
$230.9M
$1.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$214.0M
$1.1M
Total Assets
$271.1M
$13.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARCT
ARCT
PMNT
PMNT
Q4 25
$230.9M
$1.6M
Q3 25
$180.4M
$393.0K
Q2 25
$196.5M
$3.0M
Q1 25
$216.9M
$6.2M
Q4 24
$237.0M
$2.8M
Q3 24
$237.2M
$725.0K
Q2 24
$260.3M
Q1 24
$288.4M
Total Debt
ARCT
ARCT
PMNT
PMNT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$1.9M
Q3 24
$1.8M
Q2 24
Q1 24
Stockholders' Equity
ARCT
ARCT
PMNT
PMNT
Q4 25
$214.0M
$1.1M
Q3 25
$224.6M
$981.0K
Q2 25
$231.1M
$987.0K
Q1 25
$233.8M
$1.9M
Q4 24
$241.0M
$907.0K
Q3 24
$261.9M
$2.7M
Q2 24
$258.6M
Q1 24
$264.0M
Total Assets
ARCT
ARCT
PMNT
PMNT
Q4 25
$271.1M
$13.8M
Q3 25
$282.3M
$15.0M
Q2 25
$309.3M
$8.3M
Q1 25
$331.8M
$13.3M
Q4 24
$344.1M
$13.2M
Q3 24
$370.7M
$13.3M
Q2 24
$388.6M
Q1 24
$418.8M
Debt / Equity
ARCT
ARCT
PMNT
PMNT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
2.11×
Q3 24
0.67×
Q2 24
Q1 24

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
PMNT
PMNT
Operating Cash FlowLast quarter
$-74.3M
$2.3M
Free Cash FlowOCF − Capex
$-74.5M
$2.2M
FCF MarginFCF / Revenue
-1035.2%
19.1%
Capex IntensityCapex / Revenue
3.2%
0.3%
Cash ConversionOCF / Net Profit
24.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARCT
ARCT
PMNT
PMNT
Q4 25
$-74.3M
$2.3M
Q3 25
$-17.2M
$-7.2M
Q2 25
$-5.8M
$-3.9M
Q1 25
$-35.1M
$-1.1M
Q4 24
$-284.0K
$-1.0M
Q3 24
$-23.8M
$-3.9M
Q2 24
$-30.1M
Q1 24
$-5.6M
Free Cash Flow
ARCT
ARCT
PMNT
PMNT
Q4 25
$-74.5M
$2.2M
Q3 25
$-17.3M
Q2 25
Q1 25
$-35.3M
$-1.1M
Q4 24
$-1.2M
Q3 24
$-23.8M
$-3.9M
Q2 24
$-30.5M
Q1 24
$-5.8M
FCF Margin
ARCT
ARCT
PMNT
PMNT
Q4 25
-1035.2%
19.1%
Q3 25
-101.1%
Q2 25
Q1 25
-120.1%
-21.8%
Q4 24
-10.6%
Q3 24
-57.2%
-101.5%
Q2 24
-61.1%
Q1 24
-15.3%
Capex Intensity
ARCT
ARCT
PMNT
PMNT
Q4 25
3.2%
0.3%
Q3 25
1.1%
Q2 25
0.0%
Q1 25
0.5%
0.3%
Q4 24
0.0%
1.6%
Q3 24
0.2%
1.0%
Q2 24
0.7%
Q1 24
0.6%
Cash Conversion
ARCT
ARCT
PMNT
PMNT
Q4 25
24.26×
Q3 25
Q2 25
Q1 25
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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