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

RELMADA THERAPEUTICS, INC. is the larger business by last-quarter revenue ($1.3M vs $1.0M, roughly 1.2× CXApp Inc.). On growth, RELMADA THERAPEUTICS, INC. posted the faster year-over-year revenue change (13.0% vs -38.5%). Over the past eight quarters, RELMADA THERAPEUTICS, INC.'s revenue compounded faster (95.4% CAGR vs -25.0%).

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.

Relmada Therapeutics, Inc. is a clinical-stage biotechnology company dedicated to developing novel therapies for central nervous system disorders. Its lead product candidate targets treatment-resistant depression, with ongoing clinical trials to address unmet medical needs in its primary markets of North America and Europe.

CXAI vs RLMD — Head-to-Head

Bigger by revenue
RLMD
RLMD
1.2× larger
RLMD
$1.3M
$1.0M
CXAI
Growing faster (revenue YoY)
RLMD
RLMD
+51.5% gap
RLMD
13.0%
-38.5%
CXAI
Faster 2-yr revenue CAGR
RLMD
RLMD
Annualised
RLMD
95.4%
-25.0%
CXAI

Income Statement — Q4 FY2025 vs Q4 FY2023

Metric
CXAI
CXAI
RLMD
RLMD
Revenue
$1.0M
$1.3M
Net Profit
$-5.6M
Gross Margin
86.9%
Operating Margin
-576.9%
-2130.6%
Net Margin
-544.1%
Revenue YoY
-38.5%
13.0%
Net Profit YoY
-56.7%
EPS (diluted)
$-0.84

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
RLMD
RLMD
Q4 25
$1.0M
Q3 25
$1.1M
Q2 25
$1.2M
Q1 25
$1.2M
Q4 24
$1.7M
Q3 24
$1.9M
Q2 24
$1.8M
Q1 24
$1.8M
Net Profit
CXAI
CXAI
RLMD
RLMD
Q4 25
$-5.6M
Q3 25
$-3.2M
Q2 25
$-3.1M
Q1 25
$-1.6M
Q4 24
$-3.5M
Q3 24
$-5.4M
Q2 24
$-5.3M
Q1 24
$-5.2M
Gross Margin
CXAI
CXAI
RLMD
RLMD
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
RLMD
RLMD
Q4 25
-576.9%
Q3 25
-343.4%
Q2 25
-336.1%
Q1 25
-306.0%
Q4 24
-169.7%
Q3 24
-194.3%
Q2 24
-206.7%
Q1 24
-197.3%
Net Margin
CXAI
CXAI
RLMD
RLMD
Q4 25
-544.1%
Q3 25
-283.4%
Q2 25
-256.7%
Q1 25
-132.0%
Q4 24
-213.6%
Q3 24
-286.5%
Q2 24
-297.6%
Q1 24
-284.4%

Balance Sheet & Financial Strength

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

Metric
CXAI
CXAI
RLMD
RLMD
Cash + ST InvestmentsLiquidity on hand
$11.1M
$96.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.0M
$85.4M
Total Assets
$32.4M
$97.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXAI
CXAI
RLMD
RLMD
Q4 25
$11.1M
Q3 25
$5.1M
Q2 25
$4.9M
Q1 25
$3.9M
Q4 24
$4.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CXAI
CXAI
RLMD
RLMD
Q4 25
$14.0M
Q3 25
$15.2M
Q2 25
$14.3M
Q1 25
$15.6M
Q4 24
$15.6M
Q3 24
$13.6M
Q2 24
$16.3M
Q1 24
$20.9M
Total Assets
CXAI
CXAI
RLMD
RLMD
Q4 25
$32.4M
Q3 25
$28.5M
Q2 25
$29.6M
Q1 25
$29.3M
Q4 24
$31.8M
Q3 24
Q2 24
Q1 24

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
RLMD
RLMD
Operating Cash FlowLast quarter
$-3.6M
$-10.2M
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
RLMD
RLMD
Q4 25
$-3.6M
Q3 25
$-2.8M
Q2 25
$-3.0M
Q1 25
$-979.0K
Q4 24
$-2.7M
Q3 24
$-2.1M
Q2 24
$-1.9M
Q1 24
$-650.0K
Free Cash Flow
CXAI
CXAI
RLMD
RLMD
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
RLMD
RLMD
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
RLMD
RLMD
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%

Financial Flow Comparison

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

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