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

PALVELLA THERAPEUTICS, INC. is the larger business by last-quarter revenue ($520.0K vs $284.0K, roughly 1.8× Dianthus Therapeutics, Inc.). On growth, PALVELLA THERAPEUTICS, INC. posted the faster year-over-year revenue change (14.3% vs -78.6%). Over the past eight quarters, PALVELLA THERAPEUTICS, INC.'s revenue compounded faster (-36.7% 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.

Palvella Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted therapies for rare, debilitating genetic diseases with high unmet medical needs. Its lead product candidates address congenital disorders, serving global patient populations that lack effective existing treatment options.

DNTH vs PVLA — Head-to-Head

Bigger by revenue
PVLA
PVLA
1.8× larger
PVLA
$520.0K
$284.0K
DNTH
Growing faster (revenue YoY)
PVLA
PVLA
+92.9% gap
PVLA
14.3%
-78.6%
DNTH
Faster 2-yr revenue CAGR
PVLA
PVLA
Annualised
PVLA
-36.7%
-44.6%
DNTH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNTH
DNTH
PVLA
PVLA
Revenue
$284.0K
$520.0K
Net Profit
$-64.4M
Gross Margin
Operating Margin
-24486.3%
Net Margin
-22687.3%
Revenue YoY
-78.6%
14.3%
Net Profit YoY
-126.6%
-221.8%
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
PVLA
PVLA
Q4 25
$284.0K
$520.0K
Q3 25
$396.0K
$628.0K
Q2 25
$690.0K
Q1 25
$1.2M
$752.0K
Q4 24
$1.3M
Q3 24
$2.2M
$0
Q2 24
$1.9M
$0
Q1 24
$874.0K
$53.0K
Net Profit
DNTH
DNTH
PVLA
PVLA
Q4 25
$-64.4M
Q3 25
$-36.8M
$-11.3M
Q2 25
$-9.5M
Q1 25
$-29.5M
$-8.2M
Q4 24
$-28.4M
Q3 24
$-25.2M
$-6.8M
Q2 24
$-17.6M
$-4.2M
Q1 24
$-13.7M
$-2.5M
Operating Margin
DNTH
DNTH
PVLA
PVLA
Q4 25
-24486.3%
Q3 25
-10173.7%
-1620.5%
Q2 25
-1340.6%
Q1 25
-2852.7%
-1046.7%
Q4 24
-2406.9%
Q3 24
-1376.6%
Q2 24
-1191.8%
Q1 24
-2041.6%
-3318.9%
Net Margin
DNTH
DNTH
PVLA
PVLA
Q4 25
-22687.3%
Q3 25
-9284.1%
-1806.5%
Q2 25
-1372.6%
Q1 25
-2537.5%
-1088.4%
Q4 24
-2144.8%
Q3 24
-1159.0%
Q2 24
-945.1%
Q1 24
-1573.0%
-4784.9%
EPS (diluted)
DNTH
DNTH
PVLA
PVLA
Q4 25
$-1.53
Q3 25
$-0.97
$-1.03
Q2 25
$-0.86
Q1 25
$-0.82
$-0.74
Q4 24
$-0.76
Q3 24
$-0.74
$-3.94
Q2 24
$-0.51
$-2.47
Q1 24
$-0.54
$-1.54

Balance Sheet & Financial Strength

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

Metric
DNTH
DNTH
PVLA
PVLA
Cash + ST InvestmentsLiquidity on hand
$404.3M
$58.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$493.4M
$28.0M
Total Assets
$530.9M
$59.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNTH
DNTH
PVLA
PVLA
Q4 25
$404.3M
$58.0M
Q3 25
$402.6M
$63.6M
Q2 25
$70.4M
Q1 25
$263.2M
$75.6M
Q4 24
$275.2M
Q3 24
$281.1M
$19.4M
Q2 24
$360.7M
$19.7M
Q1 24
$377.0M
$19.1M
Stockholders' Equity
DNTH
DNTH
PVLA
PVLA
Q4 25
$493.4M
$28.0M
Q3 25
$546.5M
$38.7M
Q2 25
$47.8M
Q1 25
$328.6M
$55.6M
Q4 24
$352.5M
Q3 24
$337.9M
$-87.4M
Q2 24
$358.2M
$-80.8M
Q1 24
$372.7M
$-76.9M
Total Assets
DNTH
DNTH
PVLA
PVLA
Q4 25
$530.9M
$59.6M
Q3 25
$577.4M
$66.9M
Q2 25
$73.7M
Q1 25
$348.6M
$79.4M
Q4 24
$374.0M
Q3 24
$354.2M
$20.5M
Q2 24
$369.0M
$25.1M
Q1 24
$382.5M
$29.5M

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
PVLA
PVLA
Operating Cash FlowLast quarter
$-47.0M
$-25.0M
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
PVLA
PVLA
Q4 25
$-47.0M
$-25.0M
Q3 25
$-30.6M
$-7.9M
Q2 25
$-5.4M
Q1 25
$-27.6M
$-6.8M
Q4 24
$-27.4M
Q3 24
$-21.3M
$-2.7M
Q2 24
$-14.5M
$-1.6M
Q1 24
$-14.9M
$-1.1M
Free Cash Flow
DNTH
DNTH
PVLA
PVLA
Q4 25
$-47.1M
Q3 25
$-30.6M
Q2 25
Q1 25
$-27.7M
Q4 24
$-27.5M
Q3 24
$-21.3M
Q2 24
$-14.5M
Q1 24
$-15.0M
FCF Margin
DNTH
DNTH
PVLA
PVLA
Q4 25
-16591.9%
Q3 25
-7717.2%
Q2 25
Q1 25
-2377.8%
Q4 24
-2072.0%
Q3 24
-980.3%
Q2 24
-780.7%
Q1 24
-1713.2%
Capex Intensity
DNTH
DNTH
PVLA
PVLA
Q4 25
48.6%
Q3 25
1.3%
Q2 25
Q1 25
2.1%
Q4 24
2.3%
Q3 24
1.2%
Q2 24
0.9%
Q1 24
3.7%
0.0%

Financial Flow Comparison

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

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