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Side-by-side financial comparison of BV Financial, Inc. (BVFL) and FENNEC PHARMACEUTICALS INC. (FENC). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $10.5M, roughly 1.3× BV Financial, Inc.). BV Financial, Inc. runs the higher net margin — 45.6% vs -34.7%, a 80.3% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 9.2%). Over the past eight quarters, BV Financial, Inc.'s revenue compounded faster (11.1% CAGR vs -26.3%).

Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

BVFL vs FENC — Head-to-Head

Bigger by revenue
FENC
FENC
1.3× larger
FENC
$13.8M
$10.5M
BVFL
Growing faster (revenue YoY)
FENC
FENC
+64.6% gap
FENC
73.8%
9.2%
BVFL
Higher net margin
BVFL
BVFL
80.3% more per $
BVFL
45.6%
-34.7%
FENC
Faster 2-yr revenue CAGR
BVFL
BVFL
Annualised
BVFL
11.1%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BVFL
BVFL
FENC
FENC
Revenue
$10.5M
$13.8M
Net Profit
$4.8M
$-4.8M
Gross Margin
Operating Margin
66.9%
-18.5%
Net Margin
45.6%
-34.7%
Revenue YoY
9.2%
73.8%
Net Profit YoY
146.2%
-141.1%
EPS (diluted)
$0.52
$-0.17

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
BVFL
BVFL
FENC
FENC
Q4 25
$10.5M
$13.8M
Q3 25
$10.0M
$12.5M
Q2 25
$9.9M
$9.7M
Q1 25
$9.2M
$8.8M
Q4 24
$9.7M
$7.9M
Q3 24
$10.0M
$7.0M
Q2 24
$9.5M
$7.3M
Q1 24
$8.5M
$25.4M
Net Profit
BVFL
BVFL
FENC
FENC
Q4 25
$4.8M
$-4.8M
Q3 25
$3.7M
$-638.0K
Q2 25
$2.9M
$-3.2M
Q1 25
$2.1M
$-1.2M
Q4 24
$2.0M
$-2.0M
Q3 24
$3.8M
$-5.7M
Q2 24
$3.4M
$-5.6M
Q1 24
$2.6M
$12.8M
Operating Margin
BVFL
BVFL
FENC
FENC
Q4 25
66.9%
-18.5%
Q3 25
51.5%
-1.5%
Q2 25
39.9%
-28.3%
Q1 25
29.4%
-9.2%
Q4 24
29.5%
-11.8%
Q3 24
52.4%
-74.6%
Q2 24
49.6%
-69.4%
Q1 24
42.1%
54.2%
Net Margin
BVFL
BVFL
FENC
FENC
Q4 25
45.6%
-34.7%
Q3 25
37.2%
-5.1%
Q2 25
29.0%
-32.7%
Q1 25
22.9%
-13.3%
Q4 24
20.2%
-25.0%
Q3 24
38.0%
-82.2%
Q2 24
35.8%
-76.5%
Q1 24
30.1%
50.6%
EPS (diluted)
BVFL
BVFL
FENC
FENC
Q4 25
$0.52
$-0.17
Q3 25
$0.41
$-0.02
Q2 25
$0.29
$-0.11
Q1 25
$0.21
$-0.04
Q4 24
$0.18
$-0.02
Q3 24
$0.35
$-0.21
Q2 24
$0.32
$-0.20
Q1 24
$0.24
$0.41

Balance Sheet & Financial Strength

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

Metric
BVFL
BVFL
FENC
FENC
Cash + ST InvestmentsLiquidity on hand
$55.7M
$36.8M
Total DebtLower is stronger
$35.0M
Stockholders' EquityBook value
$183.8M
$35.5M
Total Assets
$912.2M
$70.6M
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BVFL
BVFL
FENC
FENC
Q4 25
$55.7M
$36.8M
Q3 25
$63.5M
$21.9M
Q2 25
$56.3M
$18.7M
Q1 25
$70.8M
$22.7M
Q4 24
$70.5M
$26.6M
Q3 24
$94.1M
$40.3M
Q2 24
$90.6M
$43.1M
Q1 24
$78.8M
$51.2M
Total Debt
BVFL
BVFL
FENC
FENC
Q4 25
$35.0M
Q3 25
$35.0M
$19.4M
Q2 25
$35.0M
$19.4M
Q1 25
$49.9M
$19.4M
Q4 24
$49.9M
$19.3M
Q3 24
$34.8M
$32.1M
Q2 24
$34.8M
$31.8M
Q1 24
$34.8M
$31.3M
Stockholders' Equity
BVFL
BVFL
FENC
FENC
Q4 25
$183.8M
$35.5M
Q3 25
$190.2M
$-4.5M
Q2 25
$198.0M
$-7.5M
Q1 25
$198.1M
$-5.9M
Q4 24
$195.5M
$-5.9M
Q3 24
$209.7M
$-5.2M
Q2 24
$205.5M
$-1.4M
Q1 24
$201.8M
$3.0M
Total Assets
BVFL
BVFL
FENC
FENC
Q4 25
$912.2M
$70.6M
Q3 25
$909.4M
$49.3M
Q2 25
$908.3M
$44.9M
Q1 25
$921.9M
$46.4M
Q4 24
$911.8M
$44.9M
Q3 24
$892.7M
$58.9M
Q2 24
$897.2M
$63.2M
Q1 24
$892.5M
$69.2M
Debt / Equity
BVFL
BVFL
FENC
FENC
Q4 25
0.19×
Q3 25
0.18×
Q2 25
0.18×
Q1 25
0.25×
Q4 24
0.26×
Q3 24
0.17×
Q2 24
0.17×
Q1 24
0.17×
10.40×

Cash Flow & Capital Efficiency

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

Metric
BVFL
BVFL
FENC
FENC
Operating Cash FlowLast quarter
$19.0M
$-6.0M
Free Cash FlowOCF − Capex
$18.8M
FCF MarginFCF / Revenue
178.2%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
3.96×
TTM Free Cash FlowTrailing 4 quarters
$34.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BVFL
BVFL
FENC
FENC
Q4 25
$19.0M
$-6.0M
Q3 25
$8.4M
$1.5M
Q2 25
$2.7M
$-3.7M
Q1 25
$4.4M
$-4.3M
Q4 24
$16.1M
$-1.5M
Q3 24
$6.1M
$-2.2M
Q2 24
$1.5M
$-8.4M
Q1 24
$4.6M
$39.0M
Free Cash Flow
BVFL
BVFL
FENC
FENC
Q4 25
$18.8M
Q3 25
$8.4M
Q2 25
$2.6M
Q1 25
$4.2M
Q4 24
$15.5M
Q3 24
$6.0M
Q2 24
$1.4M
Q1 24
$4.1M
FCF Margin
BVFL
BVFL
FENC
FENC
Q4 25
178.2%
Q3 25
84.0%
Q2 25
26.1%
Q1 25
46.0%
Q4 24
160.0%
Q3 24
59.6%
Q2 24
15.2%
Q1 24
48.4%
Capex Intensity
BVFL
BVFL
FENC
FENC
Q4 25
2.2%
Q3 25
0.1%
Q2 25
1.4%
Q1 25
2.4%
Q4 24
6.3%
Q3 24
1.0%
Q2 24
0.6%
Q1 24
5.1%
Cash Conversion
BVFL
BVFL
FENC
FENC
Q4 25
3.96×
Q3 25
2.26×
Q2 25
0.95×
Q1 25
2.11×
Q4 24
8.23×
Q3 24
1.60×
Q2 24
0.44×
Q1 24
1.77×
3.04×

Financial Flow Comparison

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

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