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Side-by-side financial comparison of Biofrontera Inc. (BFRI) and Cosmos Health Inc. (COSM). Click either name above to swap in a different company.

Cosmos Health Inc. is the larger business by last-quarter revenue ($19.7M vs $17.1M, roughly 1.2× Biofrontera Inc.). Biofrontera Inc. runs the higher net margin — 33.0% vs -51.5%, a 84.5% gap on every dollar of revenue. On growth, Cosmos Health Inc. posted the faster year-over-year revenue change (38.5% vs 36.2%). Biofrontera Inc. produced more free cash flow last quarter ($-2.4M vs $-4.6M). Over the past eight quarters, Biofrontera Inc.'s revenue compounded faster (47.0% CAGR vs 16.2%).

Biofrontera Inc. is a specialty biopharmaceutical enterprise focused on developing and commercializing prescription dermatological products. Its core product line targets skin conditions including actinic keratosis and other dermatological disorders, with primary operating markets in the United States and European Union, serving patients and dermatology care providers.

AgniKul Cosmos Private Limited is a private Indian aerospace manufacturer and commercial launch service provider based in National Centre for Combustion Research and Development (NCCRD) of IIT Madras, Chennai. The start up aims to develop and launch its own small-lift launch vehicle such as the Agnibaan, capable of placing 100 kg (220 lb) payload into a 700 km (430 mi) orbit.

BFRI vs COSM — Head-to-Head

Bigger by revenue
COSM
COSM
1.2× larger
COSM
$19.7M
$17.1M
BFRI
Growing faster (revenue YoY)
COSM
COSM
+2.4% gap
COSM
38.5%
36.2%
BFRI
Higher net margin
BFRI
BFRI
84.5% more per $
BFRI
33.0%
-51.5%
COSM
More free cash flow
BFRI
BFRI
$2.2M more FCF
BFRI
$-2.4M
$-4.6M
COSM
Faster 2-yr revenue CAGR
BFRI
BFRI
Annualised
BFRI
47.0%
16.2%
COSM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFRI
BFRI
COSM
COSM
Revenue
$17.1M
$19.7M
Net Profit
$5.6M
$-10.1M
Gross Margin
10.6%
Operating Margin
26.6%
-57.9%
Net Margin
33.0%
-51.5%
Revenue YoY
36.2%
38.5%
Net Profit YoY
504.0%
-203.0%
EPS (diluted)
$0.62
$-0.33

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
BFRI
BFRI
COSM
COSM
Q4 25
$17.1M
$19.7M
Q3 25
$7.0M
$17.1M
Q2 25
$9.0M
$14.7M
Q1 25
$8.6M
$13.7M
Q4 24
$12.6M
$14.2M
Q3 24
$9.0M
$12.4M
Q2 24
$7.8M
$13.2M
Q1 24
$7.9M
$14.6M
Net Profit
BFRI
BFRI
COSM
COSM
Q4 25
$5.6M
$-10.1M
Q3 25
$-6.6M
$-5.4M
Q2 25
$-5.3M
$-2.8M
Q1 25
$-4.2M
$-818.1K
Q4 24
$-1.4M
$-3.3M
Q3 24
$-5.7M
$-8.4M
Q2 24
$-257.0K
$-2.6M
Q1 24
$-10.4M
$-1.9M
Gross Margin
BFRI
BFRI
COSM
COSM
Q4 25
10.6%
Q3 25
15.2%
Q2 25
7.9%
Q1 25
14.9%
Q4 24
7.1%
Q3 24
9.7%
Q2 24
5.8%
Q1 24
9.1%
Operating Margin
BFRI
BFRI
COSM
COSM
Q4 25
26.6%
-57.9%
Q3 25
-89.8%
-10.6%
Q2 25
-56.2%
-17.9%
Q1 25
-52.9%
-6.1%
Q4 24
-13.6%
-63.0%
Q3 24
-55.0%
-18.0%
Q2 24
-64.7%
-18.9%
Q1 24
-69.1%
-12.6%
Net Margin
BFRI
BFRI
COSM
COSM
Q4 25
33.0%
-51.5%
Q3 25
-95.1%
-31.3%
Q2 25
-59.0%
-19.2%
Q1 25
-48.9%
-6.0%
Q4 24
-11.1%
-23.5%
Q3 24
-62.9%
-67.5%
Q2 24
-3.3%
-19.6%
Q1 24
-131.9%
-12.8%
EPS (diluted)
BFRI
BFRI
COSM
COSM
Q4 25
$0.62
$-0.33
Q3 25
$-0.62
$-0.17
Q2 25
$-0.57
$-0.10
Q1 25
$-0.47
$-0.03
Q4 24
$0.69
$-0.46
Q3 24
$-0.98
$-0.45
Q2 24
$-0.05
$-0.15
Q1 24
$-2.88
$-0.11

Balance Sheet & Financial Strength

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

Metric
BFRI
BFRI
COSM
COSM
Cash + ST InvestmentsLiquidity on hand
$6.4M
$761.8K
Total DebtLower is stronger
$3.8M
Stockholders' EquityBook value
$10.5M
$18.4M
Total Assets
$28.6M
$65.5M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFRI
BFRI
COSM
COSM
Q4 25
$6.4M
$761.8K
Q3 25
$3.4M
$922.6K
Q2 25
$7.2M
$30.3K
Q1 25
$1.8M
$25.3K
Q4 24
$5.9M
$336.3K
Q3 24
$2.9M
$22.8K
Q2 24
$4.4M
$21.5K
Q1 24
$3.8M
$21.3K
Total Debt
BFRI
BFRI
COSM
COSM
Q4 25
$3.8M
Q3 25
$5.4M
Q2 25
$5.2M
Q1 25
$4.9M
Q4 24
$4.1M
Q3 24
$4.3M
Q2 24
$3.9M
Q1 24
$4.1M
Stockholders' Equity
BFRI
BFRI
COSM
COSM
Q4 25
$10.5M
$18.4M
Q3 25
$-2.6M
$23.1M
Q2 25
$-4.7M
$26.2M
Q1 25
$500.0K
$26.0M
Q4 24
$4.4M
$24.5M
Q3 24
$5.5M
$35.0M
Q2 24
$10.9M
$32.1M
Q1 24
$-5.4M
$34.5M
Total Assets
BFRI
BFRI
COSM
COSM
Q4 25
$28.6M
$65.5M
Q3 25
$15.4M
$69.5M
Q2 25
$20.1M
$61.8M
Q1 25
$16.6M
$57.2M
Q4 24
$22.1M
$54.3M
Q3 24
$18.5M
$64.5M
Q2 24
$21.6M
$60.8M
Q1 24
$24.6M
$62.3M
Debt / Equity
BFRI
BFRI
COSM
COSM
Q4 25
0.20×
Q3 25
0.23×
Q2 25
0.20×
Q1 25
0.19×
Q4 24
0.17×
Q3 24
0.12×
Q2 24
0.12×
Q1 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
BFRI
BFRI
COSM
COSM
Operating Cash FlowLast quarter
$-2.4M
$-4.6M
Free Cash FlowOCF − Capex
$-2.4M
$-4.6M
FCF MarginFCF / Revenue
-13.9%
-23.4%
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
-0.42×
TTM Free Cash FlowTrailing 4 quarters
$-13.4M
$-8.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFRI
BFRI
COSM
COSM
Q4 25
$-2.4M
$-4.6M
Q3 25
$-3.8M
$-2.5M
Q2 25
$-3.0M
$-1.2M
Q1 25
$-4.1M
$-186.3K
Q4 24
$-1.0M
$-3.8M
Q3 24
$-1.2M
$739.8K
Q2 24
$-4.7M
$-1.2M
Q1 24
$-3.3M
$-3.4M
Free Cash Flow
BFRI
BFRI
COSM
COSM
Q4 25
$-2.4M
$-4.6M
Q3 25
$-3.8M
$-2.5M
Q2 25
$-3.0M
$-1.2M
Q1 25
$-4.1M
$-198.8K
Q4 24
$-1.0M
$-3.9M
Q3 24
$511.0K
Q2 24
$-4.8M
$-1.2M
Q1 24
$-3.4M
$-3.5M
FCF Margin
BFRI
BFRI
COSM
COSM
Q4 25
-13.9%
-23.4%
Q3 25
-54.7%
-14.4%
Q2 25
-33.7%
-8.4%
Q1 25
-48.0%
-1.5%
Q4 24
-8.1%
-27.5%
Q3 24
4.1%
Q2 24
-60.8%
-9.4%
Q1 24
-42.7%
-24.0%
Capex Intensity
BFRI
BFRI
COSM
COSM
Q4 25
0.0%
0.0%
Q3 25
0.0%
0.1%
Q2 25
0.0%
0.2%
Q1 25
0.0%
0.1%
Q4 24
0.0%
0.5%
Q3 24
0.0%
1.8%
Q2 24
0.6%
0.3%
Q1 24
0.7%
0.6%
Cash Conversion
BFRI
BFRI
COSM
COSM
Q4 25
-0.42×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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