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Side-by-side financial comparison of enCore Energy Corp. (EU) and DNA X, Inc. (SONM). Click either name above to swap in a different company.

DNA X, Inc. is the larger business by last-quarter revenue ($16.2M vs $12.4M, roughly 1.3× enCore Energy Corp.). DNA X, Inc. runs the higher net margin — -29.3% vs -173.9%, a 144.6% gap on every dollar of revenue.

Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.

EU vs SONM — Head-to-Head

Bigger by revenue
SONM
SONM
1.3× larger
SONM
$16.2M
$12.4M
EU
Higher net margin
SONM
SONM
144.6% more per $
SONM
-29.3%
-173.9%
EU

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EU
EU
SONM
SONM
Revenue
$12.4M
$16.2M
Net Profit
$-21.5M
$-4.8M
Gross Margin
37.9%
11.2%
Operating Margin
-135.9%
-24.5%
Net Margin
-173.9%
-29.3%
Revenue YoY
7.9%
Net Profit YoY
-89.2%
EPS (diluted)
$-0.11
$-4.83

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
EU
EU
SONM
SONM
Q4 25
$12.4M
Q3 25
$8.9M
$16.2M
Q2 25
$3.7M
$11.2M
Q1 25
$18.2M
$16.7M
Q4 24
$15.3M
Q3 24
$15.0M
Q2 24
$11.5M
Q1 24
$9.1M
Net Profit
EU
EU
SONM
SONM
Q4 25
$-21.5M
Q3 25
$-4.8M
$-4.8M
Q2 25
$-6.3M
$-7.5M
Q1 25
$-24.2M
$458.0K
Q4 24
$-21.6M
Q3 24
$-2.5M
Q2 24
$-6.6M
Q1 24
$-2.9M
Gross Margin
EU
EU
SONM
SONM
Q4 25
37.9%
Q3 25
43.8%
11.2%
Q2 25
30.8%
7.6%
Q1 25
-0.1%
50.0%
Q4 24
-1.2%
Q3 24
28.2%
Q2 24
25.8%
Q1 24
31.8%
Operating Margin
EU
EU
SONM
SONM
Q4 25
-135.9%
Q3 25
-158.2%
-24.5%
Q2 25
-526.1%
-60.2%
Q1 25
-85.7%
3.9%
Q4 24
55.3%
Q3 24
-15.8%
Q2 24
-56.2%
Q1 24
-29.5%
Net Margin
EU
EU
SONM
SONM
Q4 25
-173.9%
Q3 25
-53.7%
-29.3%
Q2 25
-172.7%
-66.8%
Q1 25
-132.9%
2.7%
Q4 24
-141.6%
Q3 24
-16.7%
Q2 24
-57.5%
Q1 24
-31.9%
EPS (diluted)
EU
EU
SONM
SONM
Q4 25
$-0.11
Q3 25
$-0.03
$-4.83
Q2 25
$-0.03
$-0.79
Q1 25
$-0.13
$0.08
Q4 24
$-116.99
Q3 24
$-9.32
Q2 24
$-1.41
Q1 24
$-0.65

Balance Sheet & Financial Strength

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

Metric
EU
EU
SONM
SONM
Cash + ST InvestmentsLiquidity on hand
$52.4M
$2.1M
Total DebtLower is stronger
$110.0M
$5.1M
Stockholders' EquityBook value
$229.2M
$-701.0K
Total Assets
$430.4M
$40.2M
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EU
EU
SONM
SONM
Q4 25
$52.4M
Q3 25
$91.9M
$2.1M
Q2 25
$26.9M
$2.0M
Q1 25
$29.7M
$2.1M
Q4 24
$5.3M
Q3 24
$9.1M
Q2 24
$9.6M
Q1 24
$9.3M
Total Debt
EU
EU
SONM
SONM
Q4 25
$110.0M
Q3 25
$109.3M
$5.1M
Q2 25
$2.9M
Q1 25
$2.8M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EU
EU
SONM
SONM
Q4 25
$229.2M
Q3 25
$248.6M
$-701.0K
Q2 25
$264.7M
$-1.3M
Q1 25
$267.9M
$-1.1M
Q4 24
$-5.7M
Q3 24
$15.3M
Q2 24
$17.5M
Q1 24
$19.8M
Total Assets
EU
EU
SONM
SONM
Q4 25
$430.4M
Q3 25
$441.9M
$40.2M
Q2 25
$359.4M
$36.1M
Q1 25
$362.6M
$36.0M
Q4 24
$39.7M
Q3 24
$49.1M
Q2 24
$45.9M
Q1 24
$42.4M
Debt / Equity
EU
EU
SONM
SONM
Q4 25
0.48×
Q3 25
0.44×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
EU
EU
SONM
SONM
Operating Cash FlowLast quarter
$12.9M
$-7.0M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
57.8%
Capex IntensityCapex / Revenue
46.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EU
EU
SONM
SONM
Q4 25
$12.9M
Q3 25
$-20.3M
$-7.0M
Q2 25
$-9.9M
$-4.9M
Q1 25
$-7.7M
$-9.6M
Q4 24
$-4.5M
Q3 24
$-417.0K
Q2 24
$-3.4M
Q1 24
$-168.0K
Free Cash Flow
EU
EU
SONM
SONM
Q4 25
$7.2M
Q3 25
$-26.3M
Q2 25
$-14.1M
Q1 25
$-11.7M
Q4 24
$-4.5M
Q3 24
$-554.0K
Q2 24
$-3.4M
Q1 24
$-198.0K
FCF Margin
EU
EU
SONM
SONM
Q4 25
57.8%
Q3 25
-296.6%
Q2 25
-385.2%
Q1 25
-64.1%
Q4 24
-29.6%
Q3 24
-3.7%
Q2 24
-29.8%
Q1 24
-2.2%
Capex Intensity
EU
EU
SONM
SONM
Q4 25
46.7%
Q3 25
68.0%
Q2 25
115.1%
Q1 25
21.7%
Q4 24
0.1%
Q3 24
0.9%
Q2 24
0.3%
Q1 24
0.3%
Cash Conversion
EU
EU
SONM
SONM
Q4 25
Q3 25
Q2 25
Q1 25
-20.97×
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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