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Side-by-side financial comparison of Solowin Holdings, Ltd. (AXG) and Pelthos Therapeutics Inc. (PTHS). Click either name above to swap in a different company.

Solowin Holdings, Ltd. is the larger business by last-quarter revenue ($410.0K vs $294.0K, roughly 1.4× Pelthos Therapeutics Inc.).

Pelthos Therapeutics Inc. is a clinical-stage biopharmaceutical company focused on discovering, developing, and commercializing targeted therapies for rare metabolic and endocrine diseases with significant unmet medical needs. It operates primarily across North America and Europe, with a pipeline of novel drug candidates addressing underserved patient populations.

AXG vs PTHS — Head-to-Head

Bigger by revenue
AXG
AXG
1.4× larger
AXG
$410.0K
$294.0K
PTHS

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
AXG
AXG
PTHS
PTHS
Revenue
$410.0K
$294.0K
Net Profit
$-16.2M
Gross Margin
-687.8%
Operating Margin
-34.1%
-5225.2%
Net Margin
-5523.1%
Revenue YoY
Net Profit YoY
-858.0%
EPS (diluted)
$-5.30

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
PTHS
PTHS
Cash + ST InvestmentsLiquidity on hand
$2.5M
$14.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$58.3M
Total Assets
$13.1M
$126.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
PTHS
PTHS
Q3 25
$14.2M
Q3 24
$2.5M
Stockholders' Equity
AXG
AXG
PTHS
PTHS
Q3 25
$58.3M
Q3 24
$6.0M
Total Assets
AXG
AXG
PTHS
PTHS
Q3 25
$126.4M
Q3 24
$13.1M

Cash Flow & Capital Efficiency

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

Metric
AXG
AXG
PTHS
PTHS
Operating Cash FlowLast quarter
$-1.6M
$-15.3M
Free Cash FlowOCF − Capex
$-1.6M
FCF MarginFCF / Revenue
-392.9%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXG
AXG
PTHS
PTHS
Q3 25
$-15.3M
Q3 24
$-1.6M
Free Cash Flow
AXG
AXG
PTHS
PTHS
Q3 25
Q3 24
$-1.6M
FCF Margin
AXG
AXG
PTHS
PTHS
Q3 25
Q3 24
-392.9%
Capex Intensity
AXG
AXG
PTHS
PTHS
Q3 25
Q3 24
4.4%

Financial Flow Comparison

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

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