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

Onconetix, Inc. is the larger business by last-quarter revenue ($303.6K vs $284.0K, roughly 1.1× Dianthus Therapeutics, Inc.). Onconetix, Inc. runs the higher net margin — 1867.5% vs -22687.3%, a 24554.8% gap on every dollar of revenue. On growth, Onconetix, Inc. posted the faster year-over-year revenue change (-57.4% vs -78.6%). Over the past eight quarters, Onconetix, Inc.'s revenue compounded faster (-34.2% CAGR vs -44.6%).

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.

Onconetix, Inc. is a clinical-stage biopharmaceutical firm developing innovative targeted therapies for underserved cancer patients. Its pipeline includes candidates for hard-to-treat solid tumors, operating mainly across North American and global oncology markets, prioritizing treatments with superior safety and efficacy over existing standard care options.

DNTH vs ONCO — Head-to-Head

Bigger by revenue
ONCO
ONCO
1.1× larger
ONCO
$303.6K
$284.0K
DNTH
Growing faster (revenue YoY)
ONCO
ONCO
+21.2% gap
ONCO
-57.4%
-78.6%
DNTH
Higher net margin
ONCO
ONCO
24554.8% more per $
ONCO
1867.5%
-22687.3%
DNTH
Faster 2-yr revenue CAGR
ONCO
ONCO
Annualised
ONCO
-34.2%
-44.6%
DNTH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNTH
DNTH
ONCO
ONCO
Revenue
$284.0K
$303.6K
Net Profit
$-64.4M
$5.7M
Gross Margin
81.6%
Operating Margin
-24486.3%
-422.1%
Net Margin
-22687.3%
1867.5%
Revenue YoY
-78.6%
-57.4%
Net Profit YoY
-126.6%
119.3%
EPS (diluted)
$-1.53
$-5.02

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
DNTH
DNTH
ONCO
ONCO
Q4 25
$284.0K
$303.6K
Q3 25
$396.0K
$303.7K
Q2 25
$106.5K
Q1 25
$1.2M
$101.6K
Q4 24
$1.3M
$712.0K
Q3 24
$2.2M
$406.9K
Q2 24
$1.9M
$704.8K
Q1 24
$874.0K
$700.4K
Net Profit
DNTH
DNTH
ONCO
ONCO
Q4 25
$-64.4M
$5.7M
Q3 25
$-36.8M
$-8.8M
Q2 25
$-2.4M
Q1 25
$-29.5M
$-8.5M
Q4 24
$-28.4M
$-29.4M
Q3 24
$-25.2M
$-3.8M
Q2 24
$-17.6M
$-14.3M
Q1 24
$-13.7M
$-11.1M
Gross Margin
DNTH
DNTH
ONCO
ONCO
Q4 25
81.6%
Q3 25
88.6%
Q2 25
66.2%
Q1 25
45.1%
Q4 24
92.7%
Q3 24
25.9%
Q2 24
14.3%
Q1 24
27.0%
Operating Margin
DNTH
DNTH
ONCO
ONCO
Q4 25
-24486.3%
-422.1%
Q3 25
-10173.7%
-681.5%
Q2 25
-1817.4%
Q1 25
-2852.7%
-12369.2%
Q4 24
-2406.9%
-4093.7%
Q3 24
-1376.6%
-650.3%
Q2 24
-1191.8%
-1931.6%
Q1 24
-2041.6%
-1582.2%
Net Margin
DNTH
DNTH
ONCO
ONCO
Q4 25
-22687.3%
1867.5%
Q3 25
-9284.1%
-2892.7%
Q2 25
-2227.8%
Q1 25
-2537.5%
-8408.8%
Q4 24
-2144.8%
-4134.7%
Q3 24
-1159.0%
-940.7%
Q2 24
-945.1%
-2029.8%
Q1 24
-1573.0%
-1587.4%
EPS (diluted)
DNTH
DNTH
ONCO
ONCO
Q4 25
$-1.53
$-5.02
Q3 25
$-0.97
$-6.25
Q2 25
$-4.76
Q1 25
$-0.82
$-0.53
Q4 24
$-0.76
$637.36
Q3 24
$-0.74
$-249.08
Q2 24
$-0.51
$-2191.59
Q1 24
$-0.54
$-20.08

Balance Sheet & Financial Strength

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

Metric
DNTH
DNTH
ONCO
ONCO
Cash + ST InvestmentsLiquidity on hand
$404.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$493.4M
$15.8M
Total Assets
$530.9M
$24.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNTH
DNTH
ONCO
ONCO
Q4 25
$404.3M
Q3 25
$402.6M
Q2 25
Q1 25
$263.2M
Q4 24
$275.2M
Q3 24
$281.1M
Q2 24
$360.7M
Q1 24
$377.0M
Stockholders' Equity
DNTH
DNTH
ONCO
ONCO
Q4 25
$493.4M
$15.8M
Q3 25
$546.5M
$3.4M
Q2 25
$5.9M
Q1 25
$328.6M
$4.0M
Q4 24
$352.5M
$8.5M
Q3 24
$337.9M
$33.9M
Q2 24
$358.2M
$-35.8M
Q1 24
$372.7M
$-21.5M
Total Assets
DNTH
DNTH
ONCO
ONCO
Q4 25
$530.9M
$24.9M
Q3 25
$577.4M
$19.7M
Q2 25
$19.1M
Q1 25
$348.6M
$18.8M
Q4 24
$374.0M
$28.2M
Q3 24
$354.2M
$61.9M
Q2 24
$369.0M
$59.5M
Q1 24
$382.5M
$75.0M

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
ONCO
ONCO
Operating Cash FlowLast quarter
$-47.0M
$-3.1M
Free Cash FlowOCF − Capex
$-47.1M
FCF MarginFCF / Revenue
-16591.9%
Capex IntensityCapex / Revenue
48.6%
Cash ConversionOCF / Net Profit
-0.55×
TTM Free Cash FlowTrailing 4 quarters
$-132.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNTH
DNTH
ONCO
ONCO
Q4 25
$-47.0M
$-3.1M
Q3 25
$-30.6M
$-3.2M
Q2 25
$-1.4M
Q1 25
$-27.6M
$-2.0M
Q4 24
$-27.4M
$-917.6K
Q3 24
$-21.3M
$-1.1M
Q2 24
$-14.5M
$-3.2M
Q1 24
$-14.9M
$-5.2M
Free Cash Flow
DNTH
DNTH
ONCO
ONCO
Q4 25
$-47.1M
Q3 25
$-30.6M
Q2 25
Q1 25
$-27.7M
Q4 24
$-27.5M
$-921.5K
Q3 24
$-21.3M
$-1.1M
Q2 24
$-14.5M
$-3.2M
Q1 24
$-15.0M
$-5.2M
FCF Margin
DNTH
DNTH
ONCO
ONCO
Q4 25
-16591.9%
Q3 25
-7717.2%
Q2 25
Q1 25
-2377.8%
Q4 24
-2072.0%
-129.4%
Q3 24
-980.3%
-282.4%
Q2 24
-780.7%
-456.4%
Q1 24
-1713.2%
-747.6%
Capex Intensity
DNTH
DNTH
ONCO
ONCO
Q4 25
48.6%
Q3 25
1.3%
Q2 25
Q1 25
2.1%
Q4 24
2.3%
0.5%
Q3 24
1.2%
0.6%
Q2 24
0.9%
2.5%
Q1 24
3.7%
0.7%
Cash Conversion
DNTH
DNTH
ONCO
ONCO
Q4 25
-0.55×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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