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

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.

KALA BIO, Inc. is a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative ophthalmology therapies. It has a pipeline of product candidates addressing both common and rare eye diseases, targeting unmet medical needs and serving patients and healthcare providers mainly across the United States.

ASBP vs KALA — Head-to-Head

Bigger by revenue
ASBP
ASBP
Infinity× larger
ASBP
$1.9K
$0
KALA

Income Statement — Q3 FY2025 vs Q4 FY2022

Metric
ASBP
ASBP
KALA
KALA
Revenue
$1.9K
$0
Net Profit
$-1.9M
$-12.8M
Gross Margin
45.5%
Operating Margin
-59015.8%
Net Margin
-95337.1%
Revenue YoY
Net Profit YoY
-755.6%
73.0%
EPS (diluted)
$-0.04
$-7.63

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
KALA
KALA
Q3 25
$1.9K
Q4 22
$0
Q3 22
$420.0K
Q2 22
$2.1M
Q1 22
$1.4M
Net Profit
ASBP
ASBP
KALA
KALA
Q3 25
$-1.9M
Q4 22
$-12.8M
Q3 22
$29.1M
Q2 22
$-28.1M
Q1 22
$-32.9M
Gross Margin
ASBP
ASBP
KALA
KALA
Q3 25
45.5%
Q4 22
Q3 22
Q2 22
Q1 22
Operating Margin
ASBP
ASBP
KALA
KALA
Q3 25
-59015.8%
Q4 22
Q3 22
-3468.8%
Q2 22
-1236.8%
Q1 22
-2253.2%
Net Margin
ASBP
ASBP
KALA
KALA
Q3 25
-95337.1%
Q4 22
Q3 22
6922.1%
Q2 22
-1338.6%
Q1 22
-2400.9%
EPS (diluted)
ASBP
ASBP
KALA
KALA
Q3 25
$-0.04
Q4 22
$-7.63
Q3 22
$19.25
Q2 22
$-18.92
Q1 22
$-22.18

Balance Sheet & Financial Strength

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

Metric
ASBP
ASBP
KALA
KALA
Cash + ST InvestmentsLiquidity on hand
$70.5M
Total DebtLower is stronger
$43.3M
Stockholders' EquityBook value
$-11.5M
$19.0M
Total Assets
$2.4M
$86.8M
Debt / EquityLower = less leverage
2.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASBP
ASBP
KALA
KALA
Q3 25
Q4 22
$70.5M
Q3 22
$52.4M
Q2 22
$44.6M
Q1 22
$70.2M
Total Debt
ASBP
ASBP
KALA
KALA
Q3 25
Q4 22
$43.3M
Q3 22
Q2 22
Q1 22
Stockholders' Equity
ASBP
ASBP
KALA
KALA
Q3 25
$-11.5M
Q4 22
$19.0M
Q3 22
$-968.0K
Q2 22
$-31.6M
Q1 22
$-5.3M
Total Assets
ASBP
ASBP
KALA
KALA
Q3 25
$2.4M
Q4 22
$86.8M
Q3 22
$85.7M
Q2 22
$85.0M
Q1 22
$111.6M
Debt / Equity
ASBP
ASBP
KALA
KALA
Q3 25
Q4 22
2.28×
Q3 22
Q2 22
Q1 22

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
KALA
KALA
Operating Cash FlowLast quarter
$-1.1M
$-13.7M
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
KALA
KALA
Q3 25
$-1.1M
Q4 22
$-13.7M
Q3 22
$-15.7M
Q2 22
$-25.4M
Q1 22
$-24.1M
Cash Conversion
ASBP
ASBP
KALA
KALA
Q3 25
Q4 22
Q3 22
-0.54×
Q2 22
Q1 22

Financial Flow Comparison

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

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