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Side-by-side financial comparison of Evolus, Inc. (EOLS) and XBP Global Holdings, Inc. (XBP). Click either name above to swap in a different company.

XBP Global Holdings, Inc. is the larger business by last-quarter revenue ($152.4M vs $90.3M, roughly 1.7× Evolus, Inc.). Evolus, Inc. runs the higher net margin — 0.1% vs -200.7%, a 200.8% gap on every dollar of revenue. On growth, Evolus, Inc. posted the faster year-over-year revenue change (14.4% vs -34.7%). Evolus, Inc. produced more free cash flow last quarter ($11.3M vs $10.5M).

Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.

EOLS vs XBP — Head-to-Head

Bigger by revenue
XBP
XBP
1.7× larger
XBP
$152.4M
$90.3M
EOLS
Growing faster (revenue YoY)
EOLS
EOLS
+49.1% gap
EOLS
14.4%
-34.7%
XBP
Higher net margin
EOLS
EOLS
200.8% more per $
EOLS
0.1%
-200.7%
XBP
More free cash flow
EOLS
EOLS
$878.0K more FCF
EOLS
$11.3M
$10.5M
XBP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EOLS
EOLS
XBP
XBP
Revenue
$90.3M
$152.4M
Net Profit
$130.0K
$-305.8M
Gross Margin
65.7%
21.7%
Operating Margin
4.7%
-191.7%
Net Margin
0.1%
-200.7%
Revenue YoY
14.4%
-34.7%
Net Profit YoY
101.9%
-980.1%
EPS (diluted)
$0.01
$-2.60

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
EOLS
EOLS
XBP
XBP
Q4 25
$90.3M
Q3 25
$69.0M
$152.4M
Q2 25
$69.4M
Q1 25
$68.5M
Q4 24
$78.9M
Q3 24
$61.1M
$233.4M
Q2 24
$66.9M
Q1 24
$59.3M
Net Profit
EOLS
EOLS
XBP
XBP
Q4 25
$130.0K
Q3 25
$-15.7M
$-305.8M
Q2 25
$-17.1M
Q1 25
$-18.9M
Q4 24
$-6.8M
Q3 24
$-19.2M
$-28.3M
Q2 24
$-11.3M
Q1 24
$-13.1M
Gross Margin
EOLS
EOLS
XBP
XBP
Q4 25
65.7%
Q3 25
66.5%
21.7%
Q2 25
65.3%
Q1 25
68.1%
Q4 24
66.7%
Q3 24
68.9%
18.9%
Q2 24
70.3%
Q1 24
68.3%
Operating Margin
EOLS
EOLS
XBP
XBP
Q4 25
4.7%
Q3 25
-16.7%
-191.7%
Q2 25
-14.7%
Q1 25
-22.1%
Q4 24
-2.9%
Q3 24
-25.3%
0.9%
Q2 24
-11.5%
Q1 24
-15.0%
Net Margin
EOLS
EOLS
XBP
XBP
Q4 25
0.1%
Q3 25
-22.8%
-200.7%
Q2 25
-24.7%
Q1 25
-27.6%
Q4 24
-8.6%
Q3 24
-31.4%
-12.1%
Q2 24
-17.0%
Q1 24
-22.1%
EPS (diluted)
EOLS
EOLS
XBP
XBP
Q4 25
$0.01
Q3 25
$-0.24
$-2.60
Q2 25
$-0.27
Q1 25
$-0.30
Q4 24
$-0.11
Q3 24
$-0.30
$-0.09
Q2 24
$-0.18
Q1 24
$-0.22

Balance Sheet & Financial Strength

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

Metric
EOLS
EOLS
XBP
XBP
Cash + ST InvestmentsLiquidity on hand
$53.8M
$34.5M
Total DebtLower is stronger
$146.1M
$381.5M
Stockholders' EquityBook value
$-23.1M
$130.5M
Total Assets
$225.9M
$947.9M
Debt / EquityLower = less leverage
2.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EOLS
EOLS
XBP
XBP
Q4 25
$53.8M
Q3 25
$43.5M
$34.5M
Q2 25
$61.7M
Q1 25
$67.9M
Q4 24
$87.0M
Q3 24
$85.0M
$7.8M
Q2 24
$93.7M
Q1 24
$97.0M
Total Debt
EOLS
EOLS
XBP
XBP
Q4 25
$146.1M
Q3 25
$381.5M
Q2 25
Q1 25
$121.8M
Q4 24
$121.5M
Q3 24
$121.2M
$31.5M
Q2 24
$120.9M
Q1 24
$120.6M
Stockholders' Equity
EOLS
EOLS
XBP
XBP
Q4 25
$-23.1M
Q3 25
$-28.8M
$130.5M
Q2 25
$-18.7M
Q1 25
$-6.6M
Q4 24
$5.5M
Q3 24
$5.9M
$-1.3B
Q2 24
$19.3M
Q1 24
$18.4M
Total Assets
EOLS
EOLS
XBP
XBP
Q4 25
$225.9M
Q3 25
$219.0M
$947.9M
Q2 25
$228.8M
Q1 25
$213.4M
Q4 24
$232.6M
Q3 24
$229.6M
$99.6M
Q2 24
$233.8M
Q1 24
$226.2M
Debt / Equity
EOLS
EOLS
XBP
XBP
Q4 25
Q3 25
2.92×
Q2 25
Q1 25
Q4 24
22.00×
Q3 24
20.58×
Q2 24
6.26×
Q1 24
6.54×

Cash Flow & Capital Efficiency

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

Metric
EOLS
EOLS
XBP
XBP
Operating Cash FlowLast quarter
$12.8M
$13.9M
Free Cash FlowOCF − Capex
$11.3M
$10.5M
FCF MarginFCF / Revenue
12.6%
6.9%
Capex IntensityCapex / Revenue
1.6%
2.2%
Cash ConversionOCF / Net Profit
98.67×
TTM Free Cash FlowTrailing 4 quarters
$-45.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EOLS
EOLS
XBP
XBP
Q4 25
$12.8M
Q3 25
$-14.7M
$13.9M
Q2 25
$-24.8M
Q1 25
$-15.6M
Q4 24
$4.8M
Q3 24
$-5.7M
$-1.5M
Q2 24
$-6.5M
Q1 24
$-10.6M
Free Cash Flow
EOLS
EOLS
XBP
XBP
Q4 25
$11.3M
Q3 25
$-15.6M
$10.5M
Q2 25
$-25.5M
Q1 25
$-16.0M
Q4 24
$4.4M
Q3 24
$-6.0M
$-6.1M
Q2 24
$-6.9M
Q1 24
$-10.9M
FCF Margin
EOLS
EOLS
XBP
XBP
Q4 25
12.6%
Q3 25
-22.7%
6.9%
Q2 25
-36.7%
Q1 25
-23.3%
Q4 24
5.5%
Q3 24
-9.9%
-2.6%
Q2 24
-10.4%
Q1 24
-18.3%
Capex Intensity
EOLS
EOLS
XBP
XBP
Q4 25
1.6%
Q3 25
1.4%
2.2%
Q2 25
1.0%
Q1 25
0.5%
Q4 24
0.6%
Q3 24
0.5%
2.0%
Q2 24
0.7%
Q1 24
0.4%
Cash Conversion
EOLS
EOLS
XBP
XBP
Q4 25
98.67×
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.

Revenue Breakdown by Segment

EOLS
EOLS

Segment breakdown not available.

XBP
XBP

Related And Non Related Party$136.5M90%
Technology$8.2M5%
Other$5.7M4%
Deferred Revenue As Of July312025$1.9M1%

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