vs

Side-by-side financial comparison of CXApp Inc. (CXAI) and PALVELLA THERAPEUTICS, INC. (PVLA). Click either name above to swap in a different company.

CXApp Inc. is the larger business by last-quarter revenue ($1.0M vs $520.0K, roughly 2.0× PALVELLA THERAPEUTICS, INC.). On growth, PALVELLA THERAPEUTICS, INC. posted the faster year-over-year revenue change (14.3% vs -38.5%). Over the past eight quarters, CXApp Inc.'s revenue compounded faster (-25.0% CAGR vs -36.7%).

CXApp Inc. is a technology firm specializing in digital workplace experience solutions. It offers cloud-based software tools for employee engagement, office space optimization, visitor management, and hybrid work coordination, serving mid-to-large enterprises across North America, APAC and Europe.

Palvella Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted therapies for rare, debilitating genetic diseases with high unmet medical needs. Its lead product candidates address congenital disorders, serving global patient populations that lack effective existing treatment options.

CXAI vs PVLA — Head-to-Head

Bigger by revenue
CXAI
CXAI
2.0× larger
CXAI
$1.0M
$520.0K
PVLA
Growing faster (revenue YoY)
PVLA
PVLA
+52.8% gap
PVLA
14.3%
-38.5%
CXAI
Faster 2-yr revenue CAGR
CXAI
CXAI
Annualised
CXAI
-25.0%
-36.7%
PVLA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CXAI
CXAI
PVLA
PVLA
Revenue
$1.0M
$520.0K
Net Profit
$-5.6M
Gross Margin
86.9%
Operating Margin
-576.9%
Net Margin
-544.1%
Revenue YoY
-38.5%
14.3%
Net Profit YoY
-56.7%
-221.8%
EPS (diluted)

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
CXAI
CXAI
PVLA
PVLA
Q4 25
$1.0M
$520.0K
Q3 25
$1.1M
$628.0K
Q2 25
$1.2M
$690.0K
Q1 25
$1.2M
$752.0K
Q4 24
$1.7M
Q3 24
$1.9M
$0
Q2 24
$1.8M
$0
Q1 24
$1.8M
$53.0K
Net Profit
CXAI
CXAI
PVLA
PVLA
Q4 25
$-5.6M
Q3 25
$-3.2M
$-11.3M
Q2 25
$-3.1M
$-9.5M
Q1 25
$-1.6M
$-8.2M
Q4 24
$-3.5M
Q3 24
$-5.4M
$-6.8M
Q2 24
$-5.3M
$-4.2M
Q1 24
$-5.2M
$-2.5M
Gross Margin
CXAI
CXAI
PVLA
PVLA
Q4 25
86.9%
Q3 25
89.0%
Q2 25
86.0%
Q1 25
87.7%
Q4 24
86.0%
Q3 24
80.4%
Q2 24
80.0%
Q1 24
82.0%
Operating Margin
CXAI
CXAI
PVLA
PVLA
Q4 25
-576.9%
Q3 25
-343.4%
-1620.5%
Q2 25
-336.1%
-1340.6%
Q1 25
-306.0%
-1046.7%
Q4 24
-169.7%
Q3 24
-194.3%
Q2 24
-206.7%
Q1 24
-197.3%
-3318.9%
Net Margin
CXAI
CXAI
PVLA
PVLA
Q4 25
-544.1%
Q3 25
-283.4%
-1806.5%
Q2 25
-256.7%
-1372.6%
Q1 25
-132.0%
-1088.4%
Q4 24
-213.6%
Q3 24
-286.5%
Q2 24
-297.6%
Q1 24
-284.4%
-4784.9%
EPS (diluted)
CXAI
CXAI
PVLA
PVLA
Q4 25
Q3 25
$-1.03
Q2 25
$-0.86
Q1 25
$-0.74
Q4 24
Q3 24
$-3.94
Q2 24
$-2.47
Q1 24
$-1.54

Balance Sheet & Financial Strength

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

Metric
CXAI
CXAI
PVLA
PVLA
Cash + ST InvestmentsLiquidity on hand
$11.1M
$58.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.0M
$28.0M
Total Assets
$32.4M
$59.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXAI
CXAI
PVLA
PVLA
Q4 25
$11.1M
$58.0M
Q3 25
$5.1M
$63.6M
Q2 25
$4.9M
$70.4M
Q1 25
$3.9M
$75.6M
Q4 24
$4.9M
Q3 24
$19.4M
Q2 24
$19.7M
Q1 24
$19.1M
Stockholders' Equity
CXAI
CXAI
PVLA
PVLA
Q4 25
$14.0M
$28.0M
Q3 25
$15.2M
$38.7M
Q2 25
$14.3M
$47.8M
Q1 25
$15.6M
$55.6M
Q4 24
$15.6M
Q3 24
$13.6M
$-87.4M
Q2 24
$16.3M
$-80.8M
Q1 24
$20.9M
$-76.9M
Total Assets
CXAI
CXAI
PVLA
PVLA
Q4 25
$32.4M
$59.6M
Q3 25
$28.5M
$66.9M
Q2 25
$29.6M
$73.7M
Q1 25
$29.3M
$79.4M
Q4 24
$31.8M
Q3 24
$20.5M
Q2 24
$25.1M
Q1 24
$29.5M

Cash Flow & Capital Efficiency

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

Metric
CXAI
CXAI
PVLA
PVLA
Operating Cash FlowLast quarter
$-3.6M
$-25.0M
Free Cash FlowOCF − Capex
$-3.6M
FCF MarginFCF / Revenue
-355.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-10.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CXAI
CXAI
PVLA
PVLA
Q4 25
$-3.6M
$-25.0M
Q3 25
$-2.8M
$-7.9M
Q2 25
$-3.0M
$-5.4M
Q1 25
$-979.0K
$-6.8M
Q4 24
$-2.7M
Q3 24
$-2.1M
$-2.7M
Q2 24
$-1.9M
$-1.6M
Q1 24
$-650.0K
$-1.1M
Free Cash Flow
CXAI
CXAI
PVLA
PVLA
Q4 25
$-3.6M
Q3 25
$-2.8M
Q2 25
$-3.0M
Q1 25
$-984.0K
Q4 24
Q3 24
$-2.1M
Q2 24
$-1.9M
Q1 24
$-668.0K
FCF Margin
CXAI
CXAI
PVLA
PVLA
Q4 25
-355.5%
Q3 25
-248.1%
Q2 25
-247.2%
Q1 25
-80.4%
Q4 24
Q3 24
-109.3%
Q2 24
-108.6%
Q1 24
-36.7%
Capex Intensity
CXAI
CXAI
PVLA
PVLA
Q4 25
0.2%
Q3 25
0.4%
Q2 25
0.9%
Q1 25
0.4%
Q4 24
0.0%
Q3 24
0.2%
Q2 24
0.5%
Q1 24
1.0%
0.0%

Financial Flow Comparison

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

Related Comparisons