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Side-by-side financial comparison of C4 Therapeutics, Inc. (CCCC) and iPower Inc. (IPW). Click either name above to swap in a different company.

iPower Inc. is the larger business by last-quarter revenue ($12.0M vs $11.0M, roughly 1.1× C4 Therapeutics, Inc.). On growth, C4 Therapeutics, Inc. posted the faster year-over-year revenue change (112.8% vs -36.8%).

C4 Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted protein degradation therapies for cancer and other severe diseases with high unmet medical needs. It leverages its proprietary TORPEDO platform to design small molecule degraders that eliminate disease-causing proteins, with a pipeline of oncology candidates in preclinical and clinical development, plus strategic partnerships with leading global pharmaceutical firms.

American Electric Power Company, Inc. is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.

CCCC vs IPW — Head-to-Head

Bigger by revenue
IPW
IPW
1.1× larger
IPW
$12.0M
$11.0M
CCCC
Growing faster (revenue YoY)
CCCC
CCCC
+149.6% gap
CCCC
112.8%
-36.8%
IPW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CCCC
CCCC
IPW
IPW
Revenue
$11.0M
$12.0M
Net Profit
$-20.5M
Gross Margin
40.0%
Operating Margin
-210.1%
-14.1%
Net Margin
-186.0%
Revenue YoY
112.8%
-36.8%
Net Profit YoY
40.7%
EPS (diluted)
$-0.09
$-0.51

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
CCCC
CCCC
IPW
IPW
Q4 25
$11.0M
Q3 25
$11.2M
$12.0M
Q2 25
$6.5M
Q1 25
$7.2M
Q4 24
$5.2M
Q3 24
$15.4M
Q2 24
$12.0M
Q1 24
$3.0M
Net Profit
CCCC
CCCC
IPW
IPW
Q4 25
$-20.5M
Q3 25
$-32.2M
Q2 25
$-26.0M
Q1 25
$-26.3M
Q4 24
$-34.6M
Q3 24
$-24.7M
Q2 24
$-17.7M
Q1 24
$-28.4M
Gross Margin
CCCC
CCCC
IPW
IPW
Q4 25
Q3 25
40.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
CCCC
CCCC
IPW
IPW
Q4 25
-210.1%
Q3 25
-306.4%
-14.1%
Q2 25
-441.0%
Q1 25
-402.9%
Q4 24
-728.4%
Q3 24
-183.9%
Q2 24
-178.6%
Q1 24
-1060.2%
Net Margin
CCCC
CCCC
IPW
IPW
Q4 25
-186.0%
Q3 25
-286.4%
Q2 25
-402.6%
Q1 25
-363.7%
Q4 24
-667.8%
Q3 24
-160.6%
Q2 24
-147.6%
Q1 24
-933.2%
EPS (diluted)
CCCC
CCCC
IPW
IPW
Q4 25
$-0.09
Q3 25
$-0.44
$-0.51
Q2 25
$-0.37
Q1 25
$-0.37
Q4 24
$-0.50
Q3 24
$-0.35
Q2 24
$-0.26
Q1 24
$-0.41

Balance Sheet & Financial Strength

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

Metric
CCCC
CCCC
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$74.6M
$904.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$256.6M
$17.9M
Total Assets
$359.1M
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCCC
CCCC
IPW
IPW
Q4 25
$74.6M
Q3 25
$58.8M
$904.0K
Q2 25
$78.2M
Q1 25
$51.3M
Q4 24
$55.5M
Q3 24
$59.6M
Q2 24
$73.1M
Q1 24
$89.7M
Stockholders' Equity
CCCC
CCCC
IPW
IPW
Q4 25
$256.6M
Q3 25
$154.4M
$17.9M
Q2 25
$174.1M
Q1 25
$195.1M
Q4 24
$216.0M
Q3 24
$242.7M
Q2 24
$247.1M
Q1 24
$258.3M
Total Assets
CCCC
CCCC
IPW
IPW
Q4 25
$359.1M
Q3 25
$265.5M
$28.6M
Q2 25
$296.5M
Q1 25
$319.5M
Q4 24
$349.6M
Q3 24
$376.1M
Q2 24
$381.1M
Q1 24
$398.4M

Cash Flow & Capital Efficiency

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

Metric
CCCC
CCCC
IPW
IPW
Operating Cash FlowLast quarter
$-22.1M
$1.7M
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
CCCC
CCCC
IPW
IPW
Q4 25
$-22.1M
Q3 25
$-31.2M
$1.7M
Q2 25
$-12.1M
Q1 25
$-33.3M
Q4 24
$-17.9M
Q3 24
$-24.1M
Q2 24
$-5.0M
Q1 24
$-18.1M
Free Cash Flow
CCCC
CCCC
IPW
IPW
Q4 25
Q3 25
$-31.6M
Q2 25
Q1 25
Q4 24
$-17.9M
Q3 24
$-24.1M
Q2 24
$-5.2M
Q1 24
FCF Margin
CCCC
CCCC
IPW
IPW
Q4 25
Q3 25
-281.5%
Q2 25
Q1 25
Q4 24
-346.5%
Q3 24
-157.2%
Q2 24
-43.1%
Q1 24
Capex Intensity
CCCC
CCCC
IPW
IPW
Q4 25
Q3 25
3.7%
Q2 25
Q1 25
Q4 24
0.1%
Q3 24
0.1%
Q2 24
1.6%
Q1 24
0.0%

Financial Flow Comparison

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

Revenue Breakdown by Segment

CCCC
CCCC

Segment breakdown not available.

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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