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Side-by-side financial comparison of Anteris Technologies Global Corp. (AVR) and Hyperliquid Strategies Inc (PURR). Click either name above to swap in a different company.

Hyperliquid Strategies Inc is the larger business by last-quarter revenue ($500.0K vs $310.0K, roughly 1.6× Anteris Technologies Global Corp.). Anteris Technologies Global Corp. runs the higher net margin — -9420.0% vs -60892.6%, a 51472.6% gap on every dollar of revenue.

Anteris Technologies Global Corp is a medical technology firm specializing in innovative structural heart care solutions. It develops and commercializes bioprosthetic heart valves and transcatheter intervention products, serving healthcare providers across North America, Europe, and Asia-Pacific, with core focus on cardiac surgery and interventional cardiology segments.

AVR vs PURR — Head-to-Head

Bigger by revenue
PURR
PURR
1.6× larger
PURR
$500.0K
$310.0K
AVR
Higher net margin
AVR
AVR
51472.6% more per $
AVR
-9420.0%
-60892.6%
PURR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVR
AVR
PURR
PURR
Revenue
$310.0K
$500.0K
Net Profit
$-29.2M
$-304.5M
Gross Margin
70.6%
Operating Margin
-9343.5%
-57509.2%
Net Margin
-9420.0%
-60892.6%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.74
$-7.43

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
AVR
AVR
PURR
PURR
Q4 25
$310.0K
$500.0K
Q3 25
$429.0K
Q2 25
$618.0K
Q1 25
$556.0K
Net Profit
AVR
AVR
PURR
PURR
Q4 25
$-29.2M
$-304.5M
Q3 25
$-22.2M
Q2 25
$-20.8M
Q1 25
$-21.9M
Gross Margin
AVR
AVR
PURR
PURR
Q4 25
70.6%
Q3 25
71.3%
Q2 25
76.1%
Q1 25
62.8%
Operating Margin
AVR
AVR
PURR
PURR
Q4 25
-9343.5%
-57509.2%
Q3 25
-5190.0%
Q2 25
-3379.3%
Q1 25
-3917.3%
Net Margin
AVR
AVR
PURR
PURR
Q4 25
-9420.0%
-60892.6%
Q3 25
-5185.1%
Q2 25
-3371.2%
Q1 25
-3932.4%
EPS (diluted)
AVR
AVR
PURR
PURR
Q4 25
$-0.74
$-7.43
Q3 25
$-0.62
Q2 25
$-0.58
Q1 25
$-0.61

Balance Sheet & Financial Strength

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

Metric
AVR
AVR
PURR
PURR
Cash + ST InvestmentsLiquidity on hand
$281.9M
Total DebtLower is stronger
$22.0K
Stockholders' EquityBook value
$-93.0K
$589.8M
Total Assets
$23.0M
$616.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVR
AVR
PURR
PURR
Q4 25
$281.9M
Q3 25
Q2 25
Q1 25
$49.0M
Total Debt
AVR
AVR
PURR
PURR
Q4 25
$22.0K
Q3 25
$26.0K
Q2 25
$30.0K
Q1 25
$30.0K
Stockholders' Equity
AVR
AVR
PURR
PURR
Q4 25
$-93.0K
$589.8M
Q3 25
$3.7M
Q2 25
$24.4M
Q1 25
$43.3M
Total Assets
AVR
AVR
PURR
PURR
Q4 25
$23.0M
$616.6M
Q3 25
$19.1M
Q2 25
$39.9M
Q1 25
$58.8M
Debt / Equity
AVR
AVR
PURR
PURR
Q4 25
Q3 25
0.01×
Q2 25
0.00×
Q1 25
0.00×

Cash Flow & Capital Efficiency

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

Metric
AVR
AVR
PURR
PURR
Operating Cash FlowLast quarter
$-18.5M
Free Cash FlowOCF − Capex
$-18.9M
FCF MarginFCF / Revenue
-6104.5%
Capex IntensityCapex / Revenue
128.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVR
AVR
PURR
PURR
Q4 25
$-18.5M
Q3 25
$-18.3M
Q2 25
$-19.5M
Q1 25
$-21.5M
Free Cash Flow
AVR
AVR
PURR
PURR
Q4 25
$-18.9M
Q3 25
$-19.0M
Q2 25
$-20.1M
Q1 25
$-21.7M
FCF Margin
AVR
AVR
PURR
PURR
Q4 25
-6104.5%
Q3 25
-4434.5%
Q2 25
-3247.9%
Q1 25
-3909.5%
Capex Intensity
AVR
AVR
PURR
PURR
Q4 25
128.1%
Q3 25
180.0%
Q2 25
86.9%
Q1 25
44.6%

Financial Flow Comparison

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

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