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Side-by-side financial comparison of Journey Medical Corp (DERM) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.

Journey Medical Corp is the larger business by last-quarter revenue ($16.1M vs $15.8M, roughly 1.0× Spire Global, Inc.). Journey Medical Corp runs the higher net margin — -7.8% vs -176.6%, a 168.9% gap on every dollar of revenue. On growth, Journey Medical Corp posted the faster year-over-year revenue change (27.3% vs -26.9%). Over the past eight quarters, Journey Medical Corp's revenue compounded faster (11.0% CAGR vs -32.6%).

Journey Medical Corp is a commercial-stage biopharmaceutical company specializing in dermatology treatments. It develops, manufactures and markets prescription and over-the-counter products addressing acne, atopic dermatitis, fungal skin infections and other dermal conditions, primarily serving healthcare providers and patients across the United States.

Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.

DERM vs SPIR — Head-to-Head

Bigger by revenue
DERM
DERM
1.0× larger
DERM
$16.1M
$15.8M
SPIR
Growing faster (revenue YoY)
DERM
DERM
+54.2% gap
DERM
27.3%
-26.9%
SPIR
Higher net margin
DERM
DERM
168.9% more per $
DERM
-7.8%
-176.6%
SPIR
Faster 2-yr revenue CAGR
DERM
DERM
Annualised
DERM
11.0%
-32.6%
SPIR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DERM
DERM
SPIR
SPIR
Revenue
$16.1M
$15.8M
Net Profit
$-1.2M
$-28.0M
Gross Margin
40.2%
Operating Margin
-2.8%
-164.1%
Net Margin
-7.8%
-176.6%
Revenue YoY
27.3%
-26.9%
Net Profit YoY
-182.0%
42.7%
EPS (diluted)
$-0.04
$-0.85

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
DERM
DERM
SPIR
SPIR
Q4 25
$16.1M
$15.8M
Q3 25
$17.0M
$12.7M
Q2 25
$15.0M
$19.2M
Q1 25
$13.1M
$23.9M
Q4 24
$12.6M
$21.7M
Q3 24
$14.6M
$28.6M
Q2 24
$14.9M
$25.4M
Q1 24
$13.0M
$34.8M
Net Profit
DERM
DERM
SPIR
SPIR
Q4 25
$-1.2M
$-28.0M
Q3 25
$-2.3M
$-19.7M
Q2 25
$-3.8M
$119.6M
Q1 25
$-4.1M
$-20.7M
Q4 24
$1.5M
$-48.8M
Q3 24
$-2.4M
$-12.5M
Q2 24
$-3.4M
$-16.6M
Q1 24
$-10.4M
$-25.5M
Gross Margin
DERM
DERM
SPIR
SPIR
Q4 25
40.2%
Q3 25
36.6%
Q2 25
48.9%
Q1 25
36.8%
Q4 24
82.3%
32.4%
Q3 24
63.9%
44.5%
Q2 24
56.0%
43.0%
Q1 24
47.7%
26.5%
Operating Margin
DERM
DERM
SPIR
SPIR
Q4 25
-2.8%
-164.1%
Q3 25
-9.0%
-166.1%
Q2 25
-19.2%
-122.7%
Q1 25
-25.3%
-106.5%
Q4 24
17.7%
-144.1%
Q3 24
-19.8%
-48.0%
Q2 24
-19.7%
-48.6%
Q1 24
-77.4%
-34.4%
Net Margin
DERM
DERM
SPIR
SPIR
Q4 25
-7.8%
-176.6%
Q3 25
-13.6%
-155.3%
Q2 25
-25.3%
623.4%
Q1 25
-31.0%
-86.5%
Q4 24
12.1%
-225.2%
Q3 24
-16.3%
-43.7%
Q2 24
-22.6%
-65.2%
Q1 24
-80.1%
-73.3%
EPS (diluted)
DERM
DERM
SPIR
SPIR
Q4 25
$-0.04
$-0.85
Q3 25
$-0.09
$-0.61
Q2 25
$-0.16
$3.72
Q1 25
$-0.18
$-0.77
Q4 24
$0.10
$-1.93
Q3 24
$-0.12
$-0.50
Q2 24
$-0.17
$-0.68
Q1 24
$-0.53
$-1.17

Balance Sheet & Financial Strength

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

Metric
DERM
DERM
SPIR
SPIR
Cash + ST InvestmentsLiquidity on hand
$24.1M
$81.8M
Total DebtLower is stronger
$25.3M
Stockholders' EquityBook value
$31.9M
$112.9M
Total Assets
$94.6M
$211.0M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DERM
DERM
SPIR
SPIR
Q4 25
$24.1M
$81.8M
Q3 25
$24.9M
$96.8M
Q2 25
$20.3M
$117.6M
Q1 25
$21.1M
$35.9M
Q4 24
$20.3M
$19.2M
Q3 24
$22.5M
$36.6M
Q2 24
$23.9M
$45.8M
Q1 24
$24.1M
$63.7M
Total Debt
DERM
DERM
SPIR
SPIR
Q4 25
$25.3M
Q3 25
$25.2M
Q2 25
$25.1M
Q1 25
$25.0M
$103.7M
Q4 24
$24.9M
$103.1M
Q3 24
$19.8M
$4.9M
Q2 24
$19.7M
$4.9M
Q1 24
$14.7M
$123.1M
Stockholders' Equity
DERM
DERM
SPIR
SPIR
Q4 25
$31.9M
$112.9M
Q3 25
$25.9M
$133.1M
Q2 25
$19.2M
$149.2M
Q1 25
$21.5M
$3.7M
Q4 24
$20.1M
$-11.7M
Q3 24
$10.9M
$30.8M
Q2 24
$11.3M
$40.3M
Q1 24
$13.0M
$52.5M
Total Assets
DERM
DERM
SPIR
SPIR
Q4 25
$94.6M
$211.0M
Q3 25
$85.2M
$224.3M
Q2 25
$81.2M
$239.5M
Q1 25
$85.0M
$208.8M
Q4 24
$80.2M
$193.6M
Q3 24
$64.0M
$224.2M
Q2 24
$65.2M
$230.8M
Q1 24
$66.6M
$252.3M
Debt / Equity
DERM
DERM
SPIR
SPIR
Q4 25
0.79×
Q3 25
0.97×
Q2 25
1.30×
Q1 25
1.16×
27.92×
Q4 24
1.24×
Q3 24
1.81×
0.16×
Q2 24
1.75×
0.12×
Q1 24
1.13×
2.35×

Cash Flow & Capital Efficiency

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

Metric
DERM
DERM
SPIR
SPIR
Operating Cash FlowLast quarter
$-6.3M
$-4.3M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-102.1%
Capex IntensityCapex / Revenue
75.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-92.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DERM
DERM
SPIR
SPIR
Q4 25
$-6.3M
$-4.3M
Q3 25
$-2.4M
$-12.0M
Q2 25
$-942.0K
$-35.1M
Q1 25
$-2.8M
$-8.4M
Q4 24
$2.2M
$-19.2M
Q3 24
$-1.2M
$14.0M
Q2 24
$-5.2M
$-4.4M
Q1 24
$-5.0M
$-8.8M
Free Cash Flow
DERM
DERM
SPIR
SPIR
Q4 25
$-16.2M
Q3 25
$-20.4M
Q2 25
$-38.7M
Q1 25
$-17.3M
Q4 24
$-24.3M
Q3 24
$5.1M
Q2 24
$-9.9M
Q1 24
$-15.9M
FCF Margin
DERM
DERM
SPIR
SPIR
Q4 25
-102.1%
Q3 25
-161.3%
Q2 25
-201.7%
Q1 25
-72.6%
Q4 24
-112.2%
Q3 24
17.8%
Q2 24
-39.0%
Q1 24
-45.7%
Capex Intensity
DERM
DERM
SPIR
SPIR
Q4 25
75.1%
Q3 25
66.2%
Q2 25
18.8%
Q1 25
37.3%
Q4 24
23.5%
Q3 24
31.2%
Q2 24
21.8%
Q1 24
20.3%
Cash Conversion
DERM
DERM
SPIR
SPIR
Q4 25
Q3 25
Q2 25
-0.29×
Q1 25
Q4 24
1.46×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DERM
DERM

Qbrexza$5.5M35%
Emrosi$5.0M31%
Accutane$3.1M19%
Other$2.5M15%

SPIR
SPIR

Segment breakdown not available.

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