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Side-by-side financial comparison of Dianthus Therapeutics, Inc. (DNTH) and PMGC Holdings Inc. (ELAB). Click either name above to swap in a different company.

PMGC Holdings Inc. is the larger business by last-quarter revenue ($285.9K vs $284.0K, roughly 1.0× Dianthus Therapeutics, Inc.). PMGC Holdings Inc. runs the higher net margin — -907.3% vs -22687.3%, a 21780.1% gap on every dollar of revenue. On growth, PMGC Holdings Inc. posted the faster year-over-year revenue change (-45.8% vs -78.6%).

Dianthus Therapeutics is a clinical-stage biopharmaceutical firm focused on developing targeted therapies for rare immunological and inflammatory diseases. It advances antibody-based candidates to address unmet needs of severe patients, operating primarily in the U.S. with global development partners.

DNTH vs ELAB — Head-to-Head

Bigger by revenue
ELAB
ELAB
1.0× larger
ELAB
$285.9K
$284.0K
DNTH
Growing faster (revenue YoY)
ELAB
ELAB
+32.8% gap
ELAB
-45.8%
-78.6%
DNTH
Higher net margin
ELAB
ELAB
21780.1% more per $
ELAB
-907.3%
-22687.3%
DNTH

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DNTH
DNTH
ELAB
ELAB
Revenue
$284.0K
$285.9K
Net Profit
$-64.4M
$-2.6M
Gross Margin
27.3%
Operating Margin
-24486.3%
-769.0%
Net Margin
-22687.3%
-907.3%
Revenue YoY
-78.6%
-45.8%
Net Profit YoY
-126.6%
-72.8%
EPS (diluted)
$-1.53

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
DNTH
DNTH
ELAB
ELAB
Q4 25
$284.0K
Q3 25
$396.0K
$285.9K
Q1 25
$1.2M
Q4 24
$1.3M
Q3 24
$2.2M
$527.5K
Q2 24
$1.9M
$605.5K
Q1 24
$874.0K
$614.6K
Q3 23
$924.0K
$554.7K
Net Profit
DNTH
DNTH
ELAB
ELAB
Q4 25
$-64.4M
Q3 25
$-36.8M
$-2.6M
Q1 25
$-29.5M
Q4 24
$-28.4M
Q3 24
$-25.2M
$-1.5M
Q2 24
$-17.6M
$-1.4M
Q1 24
$-13.7M
$-1.4M
Q3 23
$-14.8M
$-783.0K
Gross Margin
DNTH
DNTH
ELAB
ELAB
Q4 25
Q3 25
27.3%
Q1 25
Q4 24
Q3 24
74.7%
Q2 24
72.5%
Q1 24
72.5%
Q3 23
66.0%
Operating Margin
DNTH
DNTH
ELAB
ELAB
Q4 25
-24486.3%
Q3 25
-10173.7%
-769.0%
Q1 25
-2852.7%
Q4 24
-2406.9%
Q3 24
-1376.6%
-118.6%
Q2 24
-1191.8%
-232.6%
Q1 24
-2041.6%
-273.9%
Q3 23
-1705.5%
-141.6%
Net Margin
DNTH
DNTH
ELAB
ELAB
Q4 25
-22687.3%
Q3 25
-9284.1%
-907.3%
Q1 25
-2537.5%
Q4 24
-2144.8%
Q3 24
-1159.0%
-284.6%
Q2 24
-945.1%
-233.3%
Q1 24
-1573.0%
-227.4%
Q3 23
-1597.7%
-141.2%
EPS (diluted)
DNTH
DNTH
ELAB
ELAB
Q4 25
$-1.53
Q3 25
$-0.97
Q1 25
$-0.82
Q4 24
$-0.76
Q3 24
$-0.74
$-0.07
Q2 24
$-0.51
$-0.08
Q1 24
$-0.54
$-0.08
Q3 23
$-3.78
$-0.08

Balance Sheet & Financial Strength

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

Metric
DNTH
DNTH
ELAB
ELAB
Cash + ST InvestmentsLiquidity on hand
$404.3M
$804.1K
Total DebtLower is stronger
Stockholders' EquityBook value
$493.4M
$8.5M
Total Assets
$530.9M
$14.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNTH
DNTH
ELAB
ELAB
Q4 25
$404.3M
Q3 25
$402.6M
$804.1K
Q1 25
$263.2M
Q4 24
$275.2M
Q3 24
$281.1M
Q2 24
$360.7M
Q1 24
$377.0M
Q3 23
$189.9M
Stockholders' Equity
DNTH
DNTH
ELAB
ELAB
Q4 25
$493.4M
Q3 25
$546.5M
$8.5M
Q1 25
$328.6M
Q4 24
$352.5M
Q3 24
$337.9M
$8.6M
Q2 24
$358.2M
$2.6M
Q1 24
$372.7M
$2.5M
Q3 23
$178.4M
$-163.9K
Total Assets
DNTH
DNTH
ELAB
ELAB
Q4 25
$530.9M
Q3 25
$577.4M
$14.9M
Q1 25
$348.6M
Q4 24
$374.0M
Q3 24
$354.2M
$11.2M
Q2 24
$369.0M
$5.1M
Q1 24
$382.5M
$4.2M
Q3 23
$192.5M
$1.6B

Cash Flow & Capital Efficiency

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

Metric
DNTH
DNTH
ELAB
ELAB
Operating Cash FlowLast quarter
$-47.0M
$-1.5M
Free Cash FlowOCF − Capex
$-47.1M
FCF MarginFCF / Revenue
-16591.9%
Capex IntensityCapex / Revenue
48.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-132.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNTH
DNTH
ELAB
ELAB
Q4 25
$-47.0M
Q3 25
$-30.6M
$-1.5M
Q1 25
$-27.6M
Q4 24
$-27.4M
Q3 24
$-21.3M
$-381.7K
Q2 24
$-14.5M
$-780.7K
Q1 24
$-14.9M
$-2.3M
Q3 23
$-10.0M
Free Cash Flow
DNTH
DNTH
ELAB
ELAB
Q4 25
$-47.1M
Q3 25
$-30.6M
Q1 25
$-27.7M
Q4 24
$-27.5M
Q3 24
$-21.3M
Q2 24
$-14.5M
Q1 24
$-15.0M
$-2.3M
Q3 23
$-10.1M
FCF Margin
DNTH
DNTH
ELAB
ELAB
Q4 25
-16591.9%
Q3 25
-7717.2%
Q1 25
-2377.8%
Q4 24
-2072.0%
Q3 24
-980.3%
Q2 24
-780.7%
Q1 24
-1713.2%
-379.7%
Q3 23
-1088.4%
Capex Intensity
DNTH
DNTH
ELAB
ELAB
Q4 25
48.6%
Q3 25
1.3%
Q1 25
2.1%
Q4 24
2.3%
Q3 24
1.2%
0.0%
Q2 24
0.9%
0.0%
Q1 24
3.7%
1.5%
Q3 23
7.0%

Financial Flow Comparison

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

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