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Side-by-side financial comparison of CaliberCos Inc. (CWD) and NEXGEL, INC. (NXGL). Click either name above to swap in a different company.
CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $2.8M, roughly 1.5× NEXGEL, INC.). NEXGEL, INC. runs the higher net margin — -34.7% vs -188.3%, a 153.6% gap on every dollar of revenue. On growth, NEXGEL, INC. posted the faster year-over-year revenue change (-8.1% vs -52.5%). Over the past eight quarters, NEXGEL, INC.'s revenue compounded faster (48.6% CAGR vs -57.6%).
CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.
NEXGEL, INC. is a specialty consumer healthcare and medical technology firm that develops, manufactures and distributes ultra-gentle, irritation-free hydrogel products. Its offerings span over-the-counter skincare remedies, wound care solutions, and topical drug delivery platforms, serving consumer, clinical and pharmaceutical partner segments primarily across North America, with growing global distribution channels.
CWD vs NXGL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $2.8M |
| Net Profit | $-7.7M | $-970.0K |
| Gross Margin | — | 29.3% |
| Operating Margin | -196.6% | -43.4% |
| Net Margin | -188.3% | -34.7% |
| Revenue YoY | -52.5% | -8.1% |
| Net Profit YoY | 32.2% | -14.1% |
| EPS (diluted) | $1.95 | $-0.12 |
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.
| Q4 25 | $4.1M | $2.8M | ||
| Q3 25 | $3.6M | $2.9M | ||
| Q2 25 | $5.1M | $2.9M | ||
| Q1 25 | $7.3M | $2.8M | ||
| Q4 24 | $8.7M | $3.0M | ||
| Q3 24 | $11.3M | $2.9M | ||
| Q2 24 | $8.2M | $1.4M | ||
| Q1 24 | $23.0M | $1.3M |
| Q4 25 | $-7.7M | $-970.0K | ||
| Q3 25 | $-4.4M | $-653.0K | ||
| Q2 25 | $-5.3M | $-665.0K | ||
| Q1 25 | $-4.4M | $-712.0K | ||
| Q4 24 | $-11.4M | $-850.0K | ||
| Q3 24 | $146.0K | $-693.0K | ||
| Q2 24 | $-4.7M | $-885.0K | ||
| Q1 24 | $-3.8M | $-853.0K |
| Q4 25 | — | 29.3% | ||
| Q3 25 | — | 42.4% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 42.3% | ||
| Q4 24 | — | 37.5% | ||
| Q3 24 | — | 39.3% | ||
| Q2 24 | — | 20.3% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | -196.6% | -43.4% | ||
| Q3 25 | -129.6% | -24.7% | ||
| Q2 25 | -112.4% | -22.1% | ||
| Q1 25 | -62.7% | -27.7% | ||
| Q4 24 | -236.8% | -27.6% | ||
| Q3 24 | 0.0% | -26.8% | ||
| Q2 24 | -65.0% | -73.2% | ||
| Q1 24 | -22.9% | -68.8% |
| Q4 25 | -188.3% | -34.7% | ||
| Q3 25 | -120.2% | -22.3% | ||
| Q2 25 | -104.5% | -23.1% | ||
| Q1 25 | -60.7% | -25.4% | ||
| Q4 24 | -247.6% | -27.9% | ||
| Q3 24 | 1.3% | -23.6% | ||
| Q2 24 | -57.8% | -61.5% | ||
| Q1 24 | -16.6% | -67.4% |
| Q4 25 | $1.95 | $-0.12 | ||
| Q3 25 | $-1.65 | $-0.08 | ||
| Q2 25 | $-4.15 | $-0.09 | ||
| Q1 25 | $-3.85 | $-0.09 | ||
| Q4 24 | $-10.15 | $-0.11 | ||
| Q3 24 | $0.12 | $-0.11 | ||
| Q2 24 | $-4.34 | $-0.14 | ||
| Q1 24 | $-3.53 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.9M | — |
| Total DebtLower is stronger | — | $588.0K |
| Stockholders' EquityBook value | $1.3M | $4.5M |
| Total Assets | $135.4M | $10.5M |
| Debt / EquityLower = less leverage | — | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | — | ||
| Q3 25 | $10.9M | $938.0K | ||
| Q2 25 | $683.0K | — | ||
| Q1 25 | $1.6M | — | ||
| Q4 24 | $2.3M | $1.8M | ||
| Q3 24 | $1.6M | $1.1M | ||
| Q2 24 | $1.8M | — | ||
| Q1 24 | $2.1M | — |
| Q4 25 | — | $588.0K | ||
| Q3 25 | — | $614.0K | ||
| Q2 25 | — | $638.0K | ||
| Q1 25 | — | $662.0K | ||
| Q4 24 | — | $685.0K | ||
| Q3 24 | — | $709.0K | ||
| Q2 24 | — | $732.0K | ||
| Q1 24 | — | $750.0K |
| Q4 25 | $1.3M | $4.5M | ||
| Q3 25 | $4.2M | $5.2M | ||
| Q2 25 | $-19.9M | $4.7M | ||
| Q1 25 | $-15.8M | $5.2M | ||
| Q4 24 | $-12.6M | $5.8M | ||
| Q3 24 | $-3.8M | $4.7M | ||
| Q2 24 | $-4.7M | $4.2M | ||
| Q1 24 | $-745.0K | $4.8M |
| Q4 25 | $135.4M | $10.5M | ||
| Q3 25 | $82.6M | $11.6M | ||
| Q2 25 | $59.3M | $9.7M | ||
| Q1 25 | $103.6M | $10.4M | ||
| Q4 24 | $105.5M | $11.0M | ||
| Q3 24 | $158.6M | $10.6M | ||
| Q2 24 | $195.2M | $9.8M | ||
| Q1 24 | $201.5M | $10.4M |
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.18× | ||
| Q1 24 | — | 0.16× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.1M | $281.0K |
| 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.
| Q4 25 | $-12.1M | $281.0K | ||
| Q3 25 | $-4.6M | $-785.0K | ||
| Q2 25 | $-1.2M | $-407.0K | ||
| Q1 25 | $-1.7M | $-400.0K | ||
| Q4 24 | $555.0K | $-859.0K | ||
| Q3 24 | $-74.0K | $-1.2M | ||
| Q2 24 | $1.4M | $-700.0K | ||
| Q1 24 | $-1.5M | $-1.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-793.0K | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-1.2M | ||
| Q2 24 | — | $-909.0K | ||
| Q1 24 | — | $-1.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | -27.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -41.8% | ||
| Q2 24 | — | -63.1% | ||
| Q1 24 | — | -98.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 14.5% | ||
| Q1 24 | — | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.51× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
