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Side-by-side financial comparison of Mind Medicine (MindMed) Inc. (DFTX) and Elite Express Holding Inc. (ETS). Click either name above to swap in a different company.

Mind Medicine (MindMed) Inc. is the larger business by last-quarter revenue ($906.0K vs $805.3K, roughly 1.1× Elite Express Holding Inc.). Elite Express Holding Inc. runs the higher net margin — -13.7% vs -2634.0%, a 2620.3% gap on every dollar of revenue.

Definium Therapeutics, Inc., formerly known as MindMed, is a New York-based biotechnology company that is currently developing clinical and therapeutic applications for psychedelic and, more broadly, psychoplastogenic drugs.

American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan.

DFTX vs ETS — Head-to-Head

Bigger by revenue
DFTX
DFTX
1.1× larger
DFTX
$906.0K
$805.3K
ETS
Higher net margin
ETS
ETS
2620.3% more per $
ETS
-13.7%
-2634.0%
DFTX

Income Statement — Q4 FY2023 vs Q1 FY2026

Metric
DFTX
DFTX
ETS
ETS
Revenue
$906.0K
$805.3K
Net Profit
$-23.9M
$-110.1K
Gross Margin
19.5%
Operating Margin
-2450.8%
-38.2%
Net Margin
-2634.0%
-13.7%
Revenue YoY
-16.1%
Net Profit YoY
-386.7%
EPS (diluted)
$-0.58
$-0.01

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
DFTX
DFTX
ETS
ETS
Q1 26
$805.3K
Q3 25
$633.9K
Q4 23
$906.0K
Q3 23
$1.2M
Q2 23
$1.3M
Q1 23
$1.3M
Q4 22
$1.1M
Q3 22
$360.0K
Net Profit
DFTX
DFTX
ETS
ETS
Q1 26
$-110.1K
Q3 25
$-185.9K
Q4 23
$-23.9M
Q3 23
$-17.9M
Q2 23
$-29.1M
Q1 23
$-24.8M
Q4 22
$-4.9M
Q3 22
$-16.5M
Gross Margin
DFTX
DFTX
ETS
ETS
Q1 26
19.5%
Q3 25
1.1%
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22
Operating Margin
DFTX
DFTX
ETS
ETS
Q1 26
-38.2%
Q3 25
-22.8%
Q4 23
-2450.8%
Q3 23
-1858.6%
Q2 23
-2226.1%
Q1 23
-1624.8%
Q4 22
-1287.0%
Q3 22
-4717.5%
Net Margin
DFTX
DFTX
ETS
ETS
Q1 26
-13.7%
Q3 25
-29.3%
Q4 23
-2634.0%
Q3 23
-1541.1%
Q2 23
-2222.0%
Q1 23
-1932.6%
Q4 22
-454.0%
Q3 22
-4579.2%
EPS (diluted)
DFTX
DFTX
ETS
ETS
Q1 26
$-0.01
Q3 25
$-0.01
Q4 23
$-0.58
Q3 23
$-0.45
Q2 23
$-0.76
Q1 23
$-0.65
Q4 22
$-0.02
Q3 22
$-0.56

Balance Sheet & Financial Strength

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

Metric
DFTX
DFTX
ETS
ETS
Cash + ST InvestmentsLiquidity on hand
$99.7M
$68.1K
Total DebtLower is stronger
Stockholders' EquityBook value
$78.1M
$13.1M
Total Assets
$124.5M
$13.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFTX
DFTX
ETS
ETS
Q1 26
$68.1K
Q3 25
$13.6M
Q4 23
$99.7M
Q3 23
$117.7M
Q2 23
$116.9M
Q1 23
$129.4M
Q4 22
$142.1M
Q3 22
$154.5M
Stockholders' Equity
DFTX
DFTX
ETS
ETS
Q1 26
$13.1M
Q3 25
$14.9M
Q4 23
$78.1M
Q3 23
$96.0M
Q2 23
$106.0M
Q1 23
$130.3M
Q4 22
$150.9M
Q3 22
$153.6M
Total Assets
DFTX
DFTX
ETS
ETS
Q1 26
$13.4M
Q3 25
$15.2M
Q4 23
$124.5M
Q3 23
$141.6M
Q2 23
$142.1M
Q1 23
$155.5M
Q4 22
$170.0M
Q3 22
$180.9M

Cash Flow & Capital Efficiency

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

Metric
DFTX
DFTX
ETS
ETS
Operating Cash FlowLast quarter
$-20.6M
$-1.2M
Free Cash FlowOCF − Capex
$-1.3M
FCF MarginFCF / Revenue
-155.9%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DFTX
DFTX
ETS
ETS
Q1 26
$-1.2M
Q3 25
Q4 23
$-20.6M
Q3 23
$-16.6M
Q2 23
$-13.8M
Q1 23
$-13.3M
Q4 22
$-12.8M
Q3 22
$-9.3M
Free Cash Flow
DFTX
DFTX
ETS
ETS
Q1 26
$-1.3M
Q3 25
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22
FCF Margin
DFTX
DFTX
ETS
ETS
Q1 26
-155.9%
Q3 25
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22
Capex Intensity
DFTX
DFTX
ETS
ETS
Q1 26
0.8%
Q3 25
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22

Financial Flow Comparison

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

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