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

HeartSciences Inc. is the larger business by last-quarter revenue ($2.4K vs $1.9K, roughly 1.2× Aspire Biopharma Holdings, Inc.). Aspire Biopharma Holdings, Inc. runs the higher net margin — -95337.1% vs -97179.4%, a 1842.3% 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.

Meril Life Sciences is an Indian multinational medical device company, with headquarters in Vapi, Gujarat, India. It was founded in 2006 and is a part of the Bilakhia Group. The company is engaged in the manufacturing of vascular intervention devices, orthopedic implants, robotics, endosurgery, ENT products and in-vitro diagnostics. Meril Life Sciences operates in over 150 countries and has employed 10000 people, as of 2024.

ASBP vs HSCS — Head-to-Head

Bigger by revenue
HSCS
HSCS
1.2× larger
HSCS
$2.4K
$1.9K
ASBP
Higher net margin
ASBP
ASBP
1842.3% more per $
ASBP
-95337.1%
-97179.4%
HSCS

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
ASBP
ASBP
HSCS
HSCS
Revenue
$1.9K
$2.4K
Net Profit
$-1.9M
$-2.4M
Gross Margin
45.5%
58.3%
Operating Margin
-59015.8%
-85713.2%
Net Margin
-95337.1%
-97179.4%
Revenue YoY
Net Profit YoY
-755.6%
-12.9%
EPS (diluted)
$-0.04
$-0.85

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
HSCS
HSCS
Q4 25
$2.4K
Q3 25
$1.9K
$1.9K
Q1 25
$0
Q1 24
$14.7K
Q4 23
$3.9K
Q2 23
$0
Q1 23
$1.9K
Q4 22
$0
Net Profit
ASBP
ASBP
HSCS
HSCS
Q4 25
$-2.4M
Q3 25
$-1.9M
$-2.1M
Q1 25
$-2.5M
Q1 24
$-1.6M
Q4 23
$-1.7M
Q2 23
$-1.6M
Q1 23
$-1.3M
Q4 22
$-1.8M
Gross Margin
ASBP
ASBP
HSCS
HSCS
Q4 25
58.3%
Q3 25
45.5%
60.0%
Q1 25
Q1 24
69.0%
Q4 23
61.0%
Q2 23
Q1 23
61.0%
Q4 22
Operating Margin
ASBP
ASBP
HSCS
HSCS
Q4 25
-85713.2%
Q3 25
-59015.8%
-98637.8%
Q1 25
Q1 24
-10376.7%
Q4 23
-40254.9%
Q2 23
Q1 23
-67143.7%
Q4 22
Net Margin
ASBP
ASBP
HSCS
HSCS
Q4 25
-97179.4%
Q3 25
-95337.1%
-108157.6%
Q1 25
Q1 24
-11182.4%
Q4 23
-44830.2%
Q2 23
Q1 23
-68826.4%
Q4 22
EPS (diluted)
ASBP
ASBP
HSCS
HSCS
Q4 25
$-0.85
Q3 25
$-0.04
$-1.58
Q1 25
$-2.57
Q1 24
$-3.01
Q4 23
$-15.92
Q2 23
$-79.34
Q1 23
$-0.16
Q4 22
$-0.22

Balance Sheet & Financial Strength

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

Metric
ASBP
ASBP
HSCS
HSCS
Cash + ST InvestmentsLiquidity on hand
$2.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-11.5M
$4.2M
Total Assets
$2.4M
$6.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASBP
ASBP
HSCS
HSCS
Q4 25
$2.0M
Q3 25
$2.8M
Q1 25
$2.6M
Q1 24
$7.1M
Q4 23
$100.1K
Q2 23
$1.7M
Q1 23
$1.9M
Q4 22
$3.1M
Stockholders' Equity
ASBP
ASBP
HSCS
HSCS
Q4 25
$4.2M
Q3 25
$-11.5M
$3.1M
Q1 25
$1.8M
Q1 24
$8.6M
Q4 23
$-1.6M
Q2 23
$230.6K
Q1 23
$-257.9K
Q4 22
$1.1M
Total Assets
ASBP
ASBP
HSCS
HSCS
Q4 25
$6.0M
Q3 25
$2.4M
$6.4M
Q1 25
$5.7M
Q1 24
$10.8M
Q4 23
$2.4M
Q2 23
$3.3M
Q1 23
$3.5M
Q4 22
$4.8M

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
HSCS
HSCS
Operating Cash FlowLast quarter
$-1.1M
$-2.3M
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
HSCS
HSCS
Q4 25
$-2.3M
Q3 25
$-1.1M
$-2.0M
Q1 25
$-1.6M
Q1 24
$-2.1M
Q4 23
$-988.2K
Q2 23
$-1.9M
Q1 23
$-1.0M
Q4 22
$-1.1M
Free Cash Flow
ASBP
ASBP
HSCS
HSCS
Q4 25
Q3 25
Q1 25
Q1 24
$-2.1M
Q4 23
$-990.1K
Q2 23
$-1.9M
Q1 23
$-1.0M
Q4 22
FCF Margin
ASBP
ASBP
HSCS
HSCS
Q4 25
Q3 25
Q1 25
Q1 24
-14352.1%
Q4 23
-25388.2%
Q2 23
Q1 23
-52486.8%
Q4 22
Capex Intensity
ASBP
ASBP
HSCS
HSCS
Q4 25
Q3 25
Q1 25
Q1 24
59.8%
Q4 23
50.1%
Q2 23
Q1 23
177.9%
Q4 22

Financial Flow Comparison

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

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