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Side-by-side financial comparison of Mind Medicine (MindMed) Inc. (DFTX) and LGL GROUP INC (LGL). 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 $803.0K, roughly 1.1× LGL GROUP INC). LGL GROUP INC runs the higher net margin — -3.4% vs -2634.0%, a 2630.6% gap on every dollar of revenue. On growth, LGL GROUP INC posted the faster year-over-year revenue change (23.0% 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.

LGL Group Inc is a global electronic components manufacturer that designs, produces and markets high-performance frequency control products, radio frequency components and integrated circuit solutions. It primarily serves aerospace, defense, telecommunications, industrial and medical technology end markets, supplying specialized parts with strict reliability requirements.

DFTX vs LGL — Head-to-Head

Bigger by revenue
DFTX
DFTX
1.1× larger
DFTX
$906.0K
$803.0K
LGL
Growing faster (revenue YoY)
LGL
LGL
+39.1% gap
LGL
23.0%
-16.1%
DFTX
Higher net margin
LGL
LGL
2630.6% more per $
LGL
-3.4%
-2634.0%
DFTX

Income Statement — Q4 FY2023 vs Q4 FY2025

Metric
DFTX
DFTX
LGL
LGL
Revenue
$906.0K
$803.0K
Net Profit
$-23.9M
$-27.0K
Gross Margin
Operating Margin
-2450.8%
14.8%
Net Margin
-2634.0%
-3.4%
Revenue YoY
-16.1%
23.0%
Net Profit YoY
-386.7%
-113.4%
EPS (diluted)
$-0.58
$-0.02

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
LGL
LGL
Q4 25
$803.0K
Q3 25
$661.0K
Q2 25
$491.0K
Q1 25
$498.0K
Q4 24
$653.0K
Q3 24
$650.0K
Q2 24
$531.0K
Q1 24
$392.0K
Net Profit
DFTX
DFTX
LGL
LGL
Q4 25
$-27.0K
Q3 25
$772.0K
Q2 25
$-51.0K
Q1 25
$-6.0K
Q4 24
$202.0K
Q3 24
$72.0K
Q2 24
$137.0K
Q1 24
$21.0K
Operating Margin
DFTX
DFTX
LGL
LGL
Q4 25
14.8%
Q3 25
18.2%
Q2 25
-6.3%
Q1 25
8.2%
Q4 24
37.5%
Q3 24
21.2%
Q2 24
44.6%
Q1 24
20.2%
Net Margin
DFTX
DFTX
LGL
LGL
Q4 25
-3.4%
Q3 25
116.8%
Q2 25
-10.4%
Q1 25
-1.2%
Q4 24
30.9%
Q3 24
11.1%
Q2 24
25.8%
Q1 24
5.4%
EPS (diluted)
DFTX
DFTX
LGL
LGL
Q4 25
$-0.02
Q3 25
$0.14
Q2 25
$-0.01
Q1 25
$0.00
Q4 24
$0.05
Q3 24
$0.01
Q2 24
$0.02
Q1 24
$0.00

Balance Sheet & Financial Strength

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

Metric
DFTX
DFTX
LGL
LGL
Cash + ST InvestmentsLiquidity on hand
$99.7M
$41.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$78.1M
$43.5M
Total Assets
$124.5M
$46.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFTX
DFTX
LGL
LGL
Q4 25
$41.5M
Q3 25
$41.6M
Q2 25
$41.8M
Q1 25
$41.9M
Q4 24
$41.6M
Q3 24
$41.6M
Q2 24
$41.1M
Q1 24
$40.9M
Stockholders' Equity
DFTX
DFTX
LGL
LGL
Q4 25
$43.5M
Q3 25
$39.8M
Q2 25
$39.1M
Q1 25
$39.2M
Q4 24
$39.2M
Q3 24
$39.0M
Q2 24
$38.9M
Q1 24
$38.8M
Total Assets
DFTX
DFTX
LGL
LGL
Q4 25
$46.8M
Q3 25
$43.3M
Q2 25
$43.0M
Q1 25
$43.3M
Q4 24
$43.1M
Q3 24
$42.5M
Q2 24
$42.2M
Q1 24
$42.0M

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
LGL
LGL
Operating Cash FlowLast quarter
$-20.6M
$-355.0K
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
LGL
LGL
Q4 25
$-355.0K
Q3 25
$275.0K
Q2 25
$-190.0K
Q1 25
$340.0K
Q4 24
$-17.0K
Q3 24
$528.0K
Q2 24
$203.0K
Q1 24
$160.0K
Cash Conversion
DFTX
DFTX
LGL
LGL
Q4 25
Q3 25
0.36×
Q2 25
Q1 25
Q4 24
-0.08×
Q3 24
7.33×
Q2 24
1.48×
Q1 24
7.62×

Financial Flow Comparison

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

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