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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and Hyperscale Data, Inc. (GPUS). Click either name above to swap in a different company.

Hyperscale Data, Inc. is the larger business by last-quarter revenue ($26.9M vs $13.8M, roughly 2.0× FENNEC PHARMACEUTICALS INC.). FENNEC PHARMACEUTICALS INC. runs the higher net margin — -34.7% vs -112.0%, a 77.2% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 38.4%). Over the past eight quarters, Hyperscale Data, Inc.'s revenue compounded faster (-16.3% CAGR vs -26.3%).

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.

FENC vs GPUS — Head-to-Head

Bigger by revenue
GPUS
GPUS
2.0× larger
GPUS
$26.9M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+35.5% gap
FENC
73.8%
38.4%
GPUS
Higher net margin
FENC
FENC
77.2% more per $
FENC
-34.7%
-112.0%
GPUS
Faster 2-yr revenue CAGR
GPUS
GPUS
Annualised
GPUS
-16.3%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FENC
FENC
GPUS
GPUS
Revenue
$13.8M
$26.9M
Net Profit
$-4.8M
$-30.1M
Gross Margin
14.5%
Operating Margin
-18.5%
-117.8%
Net Margin
-34.7%
-112.0%
Revenue YoY
73.8%
38.4%
Net Profit YoY
-141.1%
-6670.3%
EPS (diluted)
$-0.17

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
FENC
FENC
GPUS
GPUS
Q4 25
$13.8M
$26.9M
Q3 25
$12.5M
$24.3M
Q2 25
$9.7M
$25.9M
Q1 25
$8.8M
$25.0M
Q4 24
$7.9M
$19.4M
Q3 24
$7.0M
$31.1M
Q2 24
$7.3M
$17.8M
Q1 24
$25.4M
$38.4M
Net Profit
FENC
FENC
GPUS
GPUS
Q4 25
$-4.8M
$-30.1M
Q3 25
$-638.0K
$-13.0M
Q2 25
$-3.2M
$-19.1M
Q1 25
$-1.2M
$-4.2M
Q4 24
$-2.0M
$-445.0K
Q3 24
$-5.7M
$-25.5M
Q2 24
$-5.6M
$-33.9M
Q1 24
$12.8M
$3.7M
Gross Margin
FENC
FENC
GPUS
GPUS
Q4 25
14.5%
Q3 25
25.8%
Q2 25
23.7%
Q1 25
21.1%
Q4 24
6.5%
Q3 24
27.5%
Q2 24
-21.3%
Q1 24
47.4%
Operating Margin
FENC
FENC
GPUS
GPUS
Q4 25
-18.5%
-117.8%
Q3 25
-1.5%
-57.8%
Q2 25
-28.3%
-39.2%
Q1 25
-9.2%
-25.5%
Q4 24
-11.8%
-46.8%
Q3 24
-74.6%
-79.2%
Q2 24
-69.4%
-151.4%
Q1 24
54.2%
9.5%
Net Margin
FENC
FENC
GPUS
GPUS
Q4 25
-34.7%
-112.0%
Q3 25
-5.1%
-53.5%
Q2 25
-32.7%
-73.7%
Q1 25
-13.3%
-16.8%
Q4 24
-25.0%
-2.3%
Q3 24
-82.2%
-82.3%
Q2 24
-76.5%
-190.7%
Q1 24
50.6%
9.7%
EPS (diluted)
FENC
FENC
GPUS
GPUS
Q4 25
$-0.17
Q3 25
$-0.02
$-0.39
Q2 25
$-0.11
$-2.66
Q1 25
$-0.04
Q4 24
$-0.02
$-8.78
Q3 24
$-0.21
$-24.82
Q2 24
$-0.20
$-37.81
Q1 24
$0.41
$3.32

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
GPUS
GPUS
Cash + ST InvestmentsLiquidity on hand
$36.8M
$13.1M
Total DebtLower is stronger
$83.1M
Stockholders' EquityBook value
$35.5M
$119.8M
Total Assets
$70.6M
$313.7M
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
GPUS
GPUS
Q4 25
$36.8M
$13.1M
Q3 25
$21.9M
$24.8M
Q2 25
$18.7M
$5.9M
Q1 25
$22.7M
$4.2M
Q4 24
$26.6M
$4.5M
Q3 24
$40.3M
$7.9M
Q2 24
$43.1M
$9.6M
Q1 24
$51.2M
$18.9M
Total Debt
FENC
FENC
GPUS
GPUS
Q4 25
$83.1M
Q3 25
$19.4M
$80.0M
Q2 25
$19.4M
$88.5M
Q1 25
$19.4M
$92.8M
Q4 24
$19.3M
$96.7M
Q3 24
$32.1M
$104.8M
Q2 24
$31.8M
$106.8M
Q1 24
$31.3M
$30.0M
Stockholders' Equity
FENC
FENC
GPUS
GPUS
Q4 25
$35.5M
$119.8M
Q3 25
$-4.5M
$55.9M
Q2 25
$-7.5M
$5.5M
Q1 25
$-5.9M
$6.3M
Q4 24
$-5.9M
$8.6M
Q3 24
$-5.2M
$2.7M
Q2 24
$-1.4M
$26.7M
Q1 24
$3.0M
$59.0M
Total Assets
FENC
FENC
GPUS
GPUS
Q4 25
$70.6M
$313.7M
Q3 25
$49.3M
$242.4M
Q2 25
$44.9M
$213.5M
Q1 25
$46.4M
$218.5M
Q4 24
$44.9M
$220.8M
Q3 24
$58.9M
$231.5M
Q2 24
$63.2M
$270.8M
Q1 24
$69.2M
$299.8M
Debt / Equity
FENC
FENC
GPUS
GPUS
Q4 25
0.69×
Q3 25
1.43×
Q2 25
16.06×
Q1 25
14.71×
Q4 24
11.19×
Q3 24
38.41×
Q2 24
4.00×
Q1 24
10.40×
0.51×

Cash Flow & Capital Efficiency

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

Metric
FENC
FENC
GPUS
GPUS
Operating Cash FlowLast quarter
$-6.0M
$-37.7M
Free Cash FlowOCF − Capex
$-56.2M
FCF MarginFCF / Revenue
-208.7%
Capex IntensityCapex / Revenue
68.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-87.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
GPUS
GPUS
Q4 25
$-6.0M
$-37.7M
Q3 25
$1.5M
$-17.8M
Q2 25
$-3.7M
$-3.1M
Q1 25
$-4.3M
$-4.0M
Q4 24
$-1.5M
$-9.2M
Q3 24
$-2.2M
$3.7M
Q2 24
$-8.4M
$-3.7M
Q1 24
$39.0M
$-10.2M
Free Cash Flow
FENC
FENC
GPUS
GPUS
Q4 25
$-56.2M
Q3 25
$-20.6M
Q2 25
$-3.5M
Q1 25
$-6.8M
Q4 24
$-9.3M
Q3 24
$2.6M
Q2 24
$-5.9M
Q1 24
$-11.6M
FCF Margin
FENC
FENC
GPUS
GPUS
Q4 25
-208.7%
Q3 25
-84.5%
Q2 25
-13.5%
Q1 25
-27.3%
Q4 24
-47.6%
Q3 24
8.4%
Q2 24
-33.4%
Q1 24
-30.3%
Capex Intensity
FENC
FENC
GPUS
GPUS
Q4 25
68.6%
Q3 25
11.5%
Q2 25
1.5%
Q1 25
11.5%
Q4 24
0.3%
Q3 24
3.6%
Q2 24
12.6%
Q1 24
3.7%
Cash Conversion
FENC
FENC
GPUS
GPUS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
3.04×
-2.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FENC
FENC

Segment breakdown not available.

GPUS
GPUS

Transferred Over Time$10.4M39%
Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities$5.8M21%
Hotel And Real Estate Operations$4.8M18%
Other$4.0M15%
Turn On Green$2.0M7%

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