vs

Side-by-side financial comparison of Mind Medicine (MindMed) Inc. (DFTX) and Indonesia Energy Corp Ltd (INDO). Click either name above to swap in a different company.

Indonesia Energy Corp Ltd is the larger business by last-quarter revenue ($1.4M vs $906.0K, roughly 1.6× Mind Medicine (MindMed) Inc.). Indonesia Energy Corp Ltd runs the higher net margin — -195.5% vs -2634.0%, a 2438.5% gap on every dollar of revenue. On growth, Indonesia Energy Corp Ltd posted the faster year-over-year revenue change (0.0% vs -16.1%).

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.

PT Kino Indonesia Tbk, formerly PT Kinocare Era Kosmetindo, or simply known as Kino, is an Indonesian multinational consumer goods company headquartered in Tangerang, Banten, founded in 1999 by Harry Sanusi. It specializes the manufacturing of its products in the wide range of personal care, hygiene, health care, confectionery, pastry, beverages, and pet care. As of 2022, the company is currently led by Sidharta Prawira Oetama as its president director while Sanusi act as its president commis...

DFTX vs INDO — Head-to-Head

Bigger by revenue
INDO
INDO
1.6× larger
INDO
$1.4M
$906.0K
DFTX
Growing faster (revenue YoY)
INDO
INDO
+16.1% gap
INDO
0.0%
-16.1%
DFTX
Higher net margin
INDO
INDO
2438.5% more per $
INDO
-195.5%
-2634.0%
DFTX

Income Statement — Q4 FY2023 vs Q2 FY2025

Metric
DFTX
DFTX
INDO
INDO
Revenue
$906.0K
$1.4M
Net Profit
$-23.9M
$-2.8M
Gross Margin
Operating Margin
-2450.8%
-167.8%
Net Margin
-2634.0%
-195.5%
Revenue YoY
-16.1%
0.0%
Net Profit YoY
-386.7%
-34.5%
EPS (diluted)
$-0.58
$-0.19

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
INDO
INDO
Q2 25
$1.4M
Q2 24
$1.8M
Q4 23
$906.0K
Q3 23
$1.2M
Q2 23
$1.3M
$2.3M
Q1 23
$1.3M
Q4 22
$1.1M
Q3 22
$360.0K
Net Profit
DFTX
DFTX
INDO
INDO
Q2 25
$-2.8M
Q2 24
$-2.1M
Q4 23
$-23.9M
Q3 23
$-17.9M
Q2 23
$-29.1M
$-1.6M
Q1 23
$-24.8M
Q4 22
$-4.9M
Q3 22
$-16.5M
Operating Margin
DFTX
DFTX
INDO
INDO
Q2 25
-167.8%
Q2 24
-102.7%
Q4 23
-2450.8%
Q3 23
-1858.6%
Q2 23
-2226.1%
-83.4%
Q1 23
-1624.8%
Q4 22
-1287.0%
Q3 22
-4717.5%
Net Margin
DFTX
DFTX
INDO
INDO
Q2 25
-195.5%
Q2 24
-114.0%
Q4 23
-2634.0%
Q3 23
-1541.1%
Q2 23
-2222.0%
-69.5%
Q1 23
-1932.6%
Q4 22
-454.0%
Q3 22
-4579.2%
EPS (diluted)
DFTX
DFTX
INDO
INDO
Q2 25
$-0.19
Q2 24
$-0.26
Q4 23
$-0.58
Q3 23
$-0.45
Q2 23
$-0.76
$-0.16
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
INDO
INDO
Cash + ST InvestmentsLiquidity on hand
$99.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$78.1M
$21.9M
Total Assets
$124.5M
$25.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFTX
DFTX
INDO
INDO
Q2 25
Q2 24
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
INDO
INDO
Q2 25
$21.9M
Q2 24
$13.1M
Q4 23
$78.1M
Q3 23
$96.0M
Q2 23
$106.0M
$15.7M
Q1 23
$130.3M
Q4 22
$150.9M
Q3 22
$153.6M
Total Assets
DFTX
DFTX
INDO
INDO
Q2 25
$25.2M
Q2 24
$17.5M
Q4 23
$124.5M
Q3 23
$141.6M
Q2 23
$142.1M
$18.7M
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
INDO
INDO
Operating Cash FlowLast quarter
$-20.6M
$-2.5M
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.

Operating Cash Flow
DFTX
DFTX
INDO
INDO
Q2 25
$-2.5M
Q2 24
$-700.9K
Q4 23
$-20.6M
Q3 23
$-16.6M
Q2 23
$-13.8M
$-1.3M
Q1 23
$-13.3M
Q4 22
$-12.8M
Q3 22
$-9.3M

Financial Flow Comparison

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

Related Comparisons