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Side-by-side financial comparison of Aspire Biopharma Holdings, Inc. (ASBP) and Cingulate Inc. (CING). Click either name above to swap in a different company.

Cingulate Inc. runs the higher net margin — 3639.3% vs -95337.1%, a 98976.4% gap on every dollar of revenue.

Aspire Biopharma Holdings, Inc. is a clinical-stage biopharmaceutical firm focused on developing novel therapeutic candidates for unmet needs in oncology and rare diseases, with primary operations across North America and key Asia-Pacific markets.

Cingulate Inc. is a clinical-stage biopharmaceutical company dedicated to developing innovative therapies for central nervous system disorders, including attention-deficit/hyperactivity disorder, anxiety and depression. It primarily operates in the U.S. market, focusing on advancing its proprietary precision drug delivery platform to improve patient outcomes across psychiatric and neurological care segments.

ASBP vs CING — Head-to-Head

Bigger by revenue
ASBP
ASBP
-0.0× larger
ASBP
$1.9K
$-136.9K
CING
Higher net margin
CING
CING
98976.4% more per $
CING
3639.3%
-95337.1%
ASBP

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
ASBP
ASBP
CING
CING
Revenue
$1.9K
$-136.9K
Net Profit
$-1.9M
$-5.0M
Gross Margin
45.5%
Operating Margin
-59015.8%
3395.9%
Net Margin
-95337.1%
3639.3%
Revenue YoY
-3815.6%
Net Profit YoY
-755.6%
-54.3%
EPS (diluted)
$-0.04
$-1.09

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
ASBP
ASBP
CING
CING
Q3 25
$1.9K
Q2 25
$-136.9K
Q1 25
$-96.8K
Q2 24
$-3.5K
Q1 24
$-24.3K
Net Profit
ASBP
ASBP
CING
CING
Q3 25
$-1.9M
Q2 25
$-5.0M
Q1 25
$-3.9M
Q2 24
$-3.2M
Q1 24
$-3.0M
Gross Margin
ASBP
ASBP
CING
CING
Q3 25
45.5%
Q2 25
Q1 25
Q2 24
Q1 24
Operating Margin
ASBP
ASBP
CING
CING
Q3 25
-59015.8%
Q2 25
3395.9%
Q1 25
3829.2%
Q2 24
91683.7%
Q1 24
12152.6%
Net Margin
ASBP
ASBP
CING
CING
Q3 25
-95337.1%
Q2 25
3639.3%
Q1 25
3980.7%
Q2 24
92375.9%
Q1 24
12252.6%
EPS (diluted)
ASBP
ASBP
CING
CING
Q3 25
$-0.04
Q2 25
$-1.09
Q1 25
$-1.04
Q2 24
$-5.47
Q1 24
$-7.21

Balance Sheet & Financial Strength

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

Metric
ASBP
ASBP
CING
CING
Cash + ST InvestmentsLiquidity on hand
$8.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-11.5M
$5.5M
Total Assets
$2.4M
$13.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASBP
ASBP
CING
CING
Q3 25
Q2 25
$8.9M
Q1 25
$9.5M
Q2 24
$380.9K
Q1 24
$1.1M
Stockholders' Equity
ASBP
ASBP
CING
CING
Q3 25
$-11.5M
Q2 25
$5.5M
Q1 25
$5.9M
Q2 24
$3.1M
Q1 24
$3.2M
Total Assets
ASBP
ASBP
CING
CING
Q3 25
$2.4M
Q2 25
$13.5M
Q1 25
$12.5M
Q2 24
$5.1M
Q1 24
$5.5M

Cash Flow & Capital Efficiency

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

Metric
ASBP
ASBP
CING
CING
Operating Cash FlowLast quarter
$-1.1M
$-4.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASBP
ASBP
CING
CING
Q3 25
$-1.1M
Q2 25
$-4.8M
Q1 25
$-4.6M
Q2 24
$-1.7M
Q1 24
$-8.7M
Free Cash Flow
ASBP
ASBP
CING
CING
Q3 25
Q2 25
Q1 25
Q2 24
$-1.8M
Q1 24
$-8.8M
FCF Margin
ASBP
ASBP
CING
CING
Q3 25
Q2 25
Q1 25
Q2 24
51892.1%
Q1 24
36388.6%
Capex Intensity
ASBP
ASBP
CING
CING
Q3 25
Q2 25
Q1 25
Q2 24
-2076.8%
Q1 24
-336.0%

Financial Flow Comparison

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

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