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Side-by-side financial comparison of CG Oncology, Inc. (CGON) and QMMM Holdings Ltd (QMMM). Click either name above to swap in a different company.

CG Oncology, Inc. is the larger business by last-quarter revenue ($2.3M vs $2.0M, roughly 1.1× QMMM Holdings Ltd). QMMM Holdings Ltd runs the higher net margin — -7.1% vs -1779.0%, a 1771.9% gap on every dollar of revenue.

CG Oncology, Inc. is a clinical-stage biotechnology company focused on developing innovative targeted immunotherapies for urological cancers including non-muscle invasive bladder cancer. It primarily operates in the U.S. market, advancing pipeline candidates to address unmet medical needs for patients with limited treatment options.

CGON vs QMMM — Head-to-Head

Bigger by revenue
CGON
CGON
1.1× larger
CGON
$2.3M
$2.0M
QMMM
Higher net margin
QMMM
QMMM
1771.9% more per $
QMMM
-7.1%
-1779.0%
CGON

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
CGON
CGON
QMMM
QMMM
Revenue
$2.3M
$2.0M
Net Profit
$-41.3M
$-146.1K
Gross Margin
27.1%
Operating Margin
-2097.3%
-6.5%
Net Margin
-1779.0%
-7.1%
Revenue YoY
409.2%
Net Profit YoY
-29.9%
EPS (diluted)
$-0.52

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
CGON
CGON
QMMM
QMMM
Q4 25
$2.3M
Q3 25
$1.7M
Q2 25
$0
Q1 25
$2.0M
Q4 24
$456.0K
Q1 24
$529.0K
$1.3M
Net Profit
CGON
CGON
QMMM
QMMM
Q4 25
$-41.3M
Q3 25
$-43.8M
Q2 25
$-41.4M
Q1 25
$-146.1K
Q4 24
$-31.8M
Q1 24
$-16.9M
$-612.0K
Gross Margin
CGON
CGON
QMMM
QMMM
Q4 25
Q3 25
Q2 25
Q1 25
27.1%
Q4 24
Q1 24
24.1%
Operating Margin
CGON
CGON
QMMM
QMMM
Q4 25
-2097.3%
Q3 25
-3069.0%
Q2 25
Q1 25
-6.5%
Q4 24
-8344.1%
Q1 24
-4247.4%
-46.2%
Net Margin
CGON
CGON
QMMM
QMMM
Q4 25
-1779.0%
Q3 25
-2629.5%
Q2 25
Q1 25
-7.1%
Q4 24
-6973.7%
Q1 24
-3200.8%
-45.5%
EPS (diluted)
CGON
CGON
QMMM
QMMM
Q4 25
$-0.52
Q3 25
$-0.57
Q2 25
$-0.54
Q1 25
Q4 24
$-0.47
Q1 24
$-0.36

Balance Sheet & Financial Strength

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

Metric
CGON
CGON
QMMM
QMMM
Cash + ST InvestmentsLiquidity on hand
$742.2M
$167.9K
Total DebtLower is stronger
Stockholders' EquityBook value
$752.6M
$3.9M
Total Assets
$791.6M
$4.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CGON
CGON
QMMM
QMMM
Q4 25
$742.2M
Q3 25
$680.3M
Q2 25
$661.1M
Q1 25
$167.9K
Q4 24
$742.0M
Q1 24
$566.5M
$218.9K
Stockholders' Equity
CGON
CGON
QMMM
QMMM
Q4 25
$752.6M
Q3 25
$687.6M
Q2 25
$670.4M
Q1 25
$3.9M
Q4 24
$733.4M
Q1 24
$568.9M
$-1.1M
Total Assets
CGON
CGON
QMMM
QMMM
Q4 25
$791.6M
Q3 25
$729.9M
Q2 25
$701.4M
Q1 25
$4.5M
Q4 24
$754.8M
Q1 24
$579.1M
$1.3M

Cash Flow & Capital Efficiency

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

Metric
CGON
CGON
QMMM
QMMM
Operating Cash FlowLast quarter
$-36.2M
$-301.2K
Free Cash FlowOCF − Capex
$-36.2M
FCF MarginFCF / Revenue
-1560.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-124.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CGON
CGON
QMMM
QMMM
Q4 25
$-36.2M
Q3 25
$-38.9M
Q2 25
$-28.0M
Q1 25
$-301.2K
Q4 24
$-20.7M
Q1 24
$-26.0M
$-184.6K
Free Cash Flow
CGON
CGON
QMMM
QMMM
Q4 25
$-36.2M
Q3 25
$-39.0M
Q2 25
$-28.0M
Q1 25
Q4 24
$-20.9M
Q1 24
$-26.0M
FCF Margin
CGON
CGON
QMMM
QMMM
Q4 25
-1560.0%
Q3 25
-2340.4%
Q2 25
Q1 25
Q4 24
-4577.0%
Q1 24
-4919.5%
Capex Intensity
CGON
CGON
QMMM
QMMM
Q4 25
0.3%
Q3 25
5.8%
Q2 25
Q1 25
Q4 24
45.8%
Q1 24
2.3%

Financial Flow Comparison

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

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