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Side-by-side financial comparison of Mind Medicine (MindMed) Inc. (DFTX) and Functional Brands Inc. (MEHA). Click either name above to swap in a different company.

Functional Brands Inc. is the larger business by last-quarter revenue ($1.7M vs $906.0K, roughly 1.9× Mind Medicine (MindMed) Inc.). Functional Brands Inc. runs the higher net margin — 15.3% vs -2634.0%, a 2649.3% 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.

Fortune Brands Innovations, Inc. is an American manufacturer of home and security products, headquartered in Deerfield, Illinois. Its portfolio of businesses and brands includes Moen and the House of Rohl; outdoor living and security products from Therma-Tru, Larson, Fiberon, Master Lock and SentrySafe; and MasterBrand Cabinets. Fortune Brands is a Fortune 500 company and part of the S&P 400 Index. As of December 31, 2021, the company reported employing approximately 28,000 associates and pos...

DFTX vs MEHA — Head-to-Head

Bigger by revenue
MEHA
MEHA
1.9× larger
MEHA
$1.7M
$906.0K
DFTX
Higher net margin
MEHA
MEHA
2649.3% more per $
MEHA
15.3%
-2634.0%
DFTX

Income Statement — Q4 FY2023 vs Q3 FY2025

Metric
DFTX
DFTX
MEHA
MEHA
Revenue
$906.0K
$1.7M
Net Profit
$-23.9M
$259.0K
Gross Margin
57.7%
Operating Margin
-2450.8%
-4.6%
Net Margin
-2634.0%
15.3%
Revenue YoY
-16.1%
Net Profit YoY
-386.7%
EPS (diluted)
$-0.58
$0.04

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
MEHA
MEHA
Q3 25
$1.7M
Q4 23
$906.0K
Q3 23
$1.2M
Q2 23
$1.3M
Q1 23
$1.3M
Q4 22
$1.1M
Q3 22
$360.0K
Q1 22
$-27.0K
Net Profit
DFTX
DFTX
MEHA
MEHA
Q3 25
$259.0K
Q4 23
$-23.9M
Q3 23
$-17.9M
Q2 23
$-29.1M
Q1 23
$-24.8M
Q4 22
$-4.9M
Q3 22
$-16.5M
Q1 22
$-18.5M
Gross Margin
DFTX
DFTX
MEHA
MEHA
Q3 25
57.7%
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22
Q1 22
Operating Margin
DFTX
DFTX
MEHA
MEHA
Q3 25
-4.6%
Q4 23
-2450.8%
Q3 23
-1858.6%
Q2 23
-2226.1%
Q1 23
-1624.8%
Q4 22
-1287.0%
Q3 22
-4717.5%
Q1 22
68537.0%
Net Margin
DFTX
DFTX
MEHA
MEHA
Q3 25
15.3%
Q4 23
-2634.0%
Q3 23
-1541.1%
Q2 23
-2222.0%
Q1 23
-1932.6%
Q4 22
-454.0%
Q3 22
-4579.2%
Q1 22
68337.0%
EPS (diluted)
DFTX
DFTX
MEHA
MEHA
Q3 25
$0.04
Q4 23
$-0.58
Q3 23
$-0.45
Q2 23
$-0.76
Q1 23
$-0.65
Q4 22
$-0.02
Q3 22
$-0.56
Q1 22
$-0.66

Balance Sheet & Financial Strength

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

Metric
DFTX
DFTX
MEHA
MEHA
Cash + ST InvestmentsLiquidity on hand
$99.7M
$1.0M
Total DebtLower is stronger
$141.3K
Stockholders' EquityBook value
$78.1M
$604.7K
Total Assets
$124.5M
$8.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFTX
DFTX
MEHA
MEHA
Q3 25
$1.0M
Q4 23
$99.7M
Q3 23
$117.7M
Q2 23
$116.9M
Q1 23
$129.4M
Q4 22
$142.1M
Q3 22
$154.5M
Q1 22
$120.5M
Total Debt
DFTX
DFTX
MEHA
MEHA
Q3 25
$141.3K
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22
Q1 22
Stockholders' Equity
DFTX
DFTX
MEHA
MEHA
Q3 25
$604.7K
Q4 23
$78.1M
Q3 23
$96.0M
Q2 23
$106.0M
Q1 23
$130.3M
Q4 22
$150.9M
Q3 22
$153.6M
Q1 22
$136.8M
Total Assets
DFTX
DFTX
MEHA
MEHA
Q3 25
$8.2M
Q4 23
$124.5M
Q3 23
$141.6M
Q2 23
$142.1M
Q1 23
$155.5M
Q4 22
$170.0M
Q3 22
$180.9M
Q1 22
$149.2M
Debt / Equity
DFTX
DFTX
MEHA
MEHA
Q3 25
0.23×
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22
Q1 22

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
MEHA
MEHA
Operating Cash FlowLast quarter
$-20.6M
$1.5M
Free Cash FlowOCF − Capex
$1.5M
FCF MarginFCF / Revenue
86.8%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
5.71×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DFTX
DFTX
MEHA
MEHA
Q3 25
$1.5M
Q4 23
$-20.6M
Q3 23
$-16.6M
Q2 23
$-13.8M
Q1 23
$-13.3M
Q4 22
$-12.8M
Q3 22
$-9.3M
Q1 22
$-12.9M
Free Cash Flow
DFTX
DFTX
MEHA
MEHA
Q3 25
$1.5M
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22
Q1 22
FCF Margin
DFTX
DFTX
MEHA
MEHA
Q3 25
86.8%
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22
Q1 22
Capex Intensity
DFTX
DFTX
MEHA
MEHA
Q3 25
0.5%
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22
Q1 22
Cash Conversion
DFTX
DFTX
MEHA
MEHA
Q3 25
5.71×
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22
Q1 22

Financial Flow Comparison

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

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