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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and i-80 Gold Corp. (IAUX). Click either name above to swap in a different company.
i-80 Gold Corp. is the larger business by last-quarter revenue ($21.3M vs $13.8M, roughly 1.5× FENNEC PHARMACEUTICALS INC.). FENNEC PHARMACEUTICALS INC. runs the higher net margin — -34.7% vs -401.9%, a 367.1% gap on every dollar of revenue.
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.
i-80 Gold Corp is a mineral exploration and development firm focused on gold and silver asset operations in Nevada, US. It advances high-potential mining projects, using responsible extraction practices to deliver precious metals to global industrial and investment markets.
FENC vs IAUX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.8M | $21.3M |
| Net Profit | $-4.8M | $-85.6M |
| Gross Margin | — | 22.0% |
| Operating Margin | -18.5% | -291.6% |
| Net Margin | -34.7% | -401.9% |
| Revenue YoY | 73.8% | — |
| Net Profit YoY | -141.1% | — |
| EPS (diluted) | $-0.17 | $-0.10 |
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.
| Q4 25 | $13.8M | $21.3M | ||
| Q3 25 | $12.5M | $32.0M | ||
| Q2 25 | $9.7M | $27.8M | ||
| Q1 25 | $8.8M | $14.0M | ||
| Q4 24 | $7.9M | — | ||
| Q3 24 | $7.0M | $11.5M | ||
| Q2 24 | $7.3M | $7.2M | ||
| Q1 24 | $25.4M | — |
| Q4 25 | $-4.8M | $-85.6M | ||
| Q3 25 | $-638.0K | $-41.9M | ||
| Q2 25 | $-3.2M | $-30.2M | ||
| Q1 25 | $-1.2M | $-41.2M | ||
| Q4 24 | $-2.0M | — | ||
| Q3 24 | $-5.7M | $-43.1M | ||
| Q2 24 | $-5.6M | $-41.0M | ||
| Q1 24 | $12.8M | — |
| Q4 25 | — | 22.0% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 20.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -42.7% | ||
| Q2 24 | — | -171.4% | ||
| Q1 24 | — | — |
| Q4 25 | -18.5% | -291.6% | ||
| Q3 25 | -1.5% | -86.7% | ||
| Q2 25 | -28.3% | -67.4% | ||
| Q1 25 | -9.2% | -112.3% | ||
| Q4 24 | -11.8% | — | ||
| Q3 24 | -74.6% | -210.0% | ||
| Q2 24 | -69.4% | -435.2% | ||
| Q1 24 | 54.2% | — |
| Q4 25 | -34.7% | -401.9% | ||
| Q3 25 | -5.1% | -130.8% | ||
| Q2 25 | -32.7% | -108.5% | ||
| Q1 25 | -13.3% | -293.3% | ||
| Q4 24 | -25.0% | — | ||
| Q3 24 | -82.2% | -374.5% | ||
| Q2 24 | -76.5% | -570.8% | ||
| Q1 24 | 50.6% | — |
| Q4 25 | $-0.17 | $-0.10 | ||
| Q3 25 | $-0.02 | $-0.05 | ||
| Q2 25 | $-0.11 | $-0.05 | ||
| Q1 25 | $-0.04 | $-0.10 | ||
| Q4 24 | $-0.02 | — | ||
| Q3 24 | $-0.21 | $-0.11 | ||
| Q2 24 | $-0.20 | $-0.11 | ||
| Q1 24 | $0.41 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.8M | $63.2M |
| Total DebtLower is stronger | — | $174.7M |
| Stockholders' EquityBook value | $35.5M | $346.8M |
| Total Assets | $70.6M | $703.4M |
| Debt / EquityLower = less leverage | — | 0.50× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.8M | $63.2M | ||
| Q3 25 | $21.9M | $102.9M | ||
| Q2 25 | $18.7M | $133.7M | ||
| Q1 25 | $22.7M | $13.5M | ||
| Q4 24 | $26.6M | — | ||
| Q3 24 | $40.3M | $21.8M | ||
| Q2 24 | $43.1M | $47.8M | ||
| Q1 24 | $51.2M | — |
| Q4 25 | — | $174.7M | ||
| Q3 25 | $19.4M | $175.9M | ||
| Q2 25 | $19.4M | $175.8M | ||
| Q1 25 | $19.4M | $197.5M | ||
| Q4 24 | $19.3M | — | ||
| Q3 24 | $32.1M | — | ||
| Q2 24 | $31.8M | — | ||
| Q1 24 | $31.3M | — |
| Q4 25 | $35.5M | $346.8M | ||
| Q3 25 | $-4.5M | $423.0M | ||
| Q2 25 | $-7.5M | $463.5M | ||
| Q1 25 | $-5.9M | $318.0M | ||
| Q4 24 | $-5.9M | — | ||
| Q3 24 | $-5.2M | $346.9M | ||
| Q2 24 | $-1.4M | $377.2M | ||
| Q1 24 | $3.0M | — |
| Q4 25 | $70.6M | $703.4M | ||
| Q3 25 | $49.3M | $756.2M | ||
| Q2 25 | $44.9M | $782.9M | ||
| Q1 25 | $46.4M | $659.0M | ||
| Q4 24 | $44.9M | — | ||
| Q3 24 | $58.9M | — | ||
| Q2 24 | $63.2M | — | ||
| Q1 24 | $69.2M | — |
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 10.40× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.0M | $-34.3M |
| Free Cash FlowOCF − Capex | — | $-39.2M |
| FCF MarginFCF / Revenue | — | -184.3% |
| Capex IntensityCapex / Revenue | — | 23.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-93.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | $-34.3M | ||
| Q3 25 | $1.5M | $-15.2M | ||
| Q2 25 | $-3.7M | $-11.3M | ||
| Q1 25 | $-4.3M | $-22.7M | ||
| Q4 24 | $-1.5M | — | ||
| Q3 24 | $-2.2M | $-23.5M | ||
| Q2 24 | $-8.4M | $-24.6M | ||
| Q1 24 | $39.0M | — |
| Q4 25 | — | $-39.2M | ||
| Q3 25 | — | $-18.5M | ||
| Q2 25 | — | $-12.4M | ||
| Q1 25 | — | $-23.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-23.8M | ||
| Q2 24 | — | $-25.1M | ||
| Q1 24 | — | — |
| Q4 25 | — | -184.3% | ||
| Q3 25 | — | -57.8% | ||
| Q2 25 | — | -44.7% | ||
| Q1 25 | — | -164.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -206.7% | ||
| Q2 24 | — | -349.1% | ||
| Q1 24 | — | — |
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 7.3% | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.04× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FENC
Segment breakdown not available.
IAUX
| Granite Creek Mining Company | $20.3M | 95% |
| Ruby Hill Mining Company LLC | $991.0K | 5% |
| Lone Tree Minning Company | $3.0K | 0% |
