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

MicroAlgo Inc. is the larger business by last-quarter revenue ($26.3M vs $13.8M, roughly 1.9× FENNEC PHARMACEUTICALS INC.). On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs -35.5%).

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.

MicroAlgo Inc. is a technology enterprise specializing in custom algorithm optimization solutions. It mainly serves clients across smart city management, industrial internet, and e-commerce sectors, helping enterprises improve operational efficiency, reduce operating costs, and optimize data processing performance for real business scenarios.

FENC vs MLGO — Head-to-Head

Bigger by revenue
MLGO
MLGO
1.9× larger
MLGO
$26.3M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+109.4% gap
FENC
73.8%
-35.5%
MLGO

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FENC
FENC
MLGO
MLGO
Revenue
$13.8M
$26.3M
Net Profit
$-4.8M
Gross Margin
Operating Margin
-18.5%
Net Margin
-34.7%
Revenue YoY
73.8%
-35.5%
Net Profit YoY
-141.1%
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
MLGO
MLGO
Q4 25
$13.8M
Q3 25
$12.5M
Q2 25
$9.7M
$26.3M
Q1 25
$8.8M
Q4 24
$7.9M
$34.6M
Q3 24
$7.0M
Q2 24
$7.3M
$40.8M
Q1 24
$25.4M
Net Profit
FENC
FENC
MLGO
MLGO
Q4 25
$-4.8M
Q3 25
$-638.0K
Q2 25
$-3.2M
Q1 25
$-1.2M
Q4 24
$-2.0M
$4.2M
Q3 24
$-5.7M
Q2 24
$-5.6M
Q1 24
$12.8M
Gross Margin
FENC
FENC
MLGO
MLGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
26.4%
Q3 24
Q2 24
Q1 24
Operating Margin
FENC
FENC
MLGO
MLGO
Q4 25
-18.5%
Q3 25
-1.5%
Q2 25
-28.3%
Q1 25
-9.2%
Q4 24
-11.8%
7.0%
Q3 24
-74.6%
Q2 24
-69.4%
Q1 24
54.2%
Net Margin
FENC
FENC
MLGO
MLGO
Q4 25
-34.7%
Q3 25
-5.1%
Q2 25
-32.7%
Q1 25
-13.3%
Q4 24
-25.0%
12.1%
Q3 24
-82.2%
Q2 24
-76.5%
Q1 24
50.6%
EPS (diluted)
FENC
FENC
MLGO
MLGO
Q4 25
$-0.17
Q3 25
$-0.02
Q2 25
$-0.11
Q1 25
$-0.04
Q4 24
$-0.02
$0.56
Q3 24
$-0.21
Q2 24
$-0.20
Q1 24
$0.41

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
MLGO
MLGO
Cash + ST InvestmentsLiquidity on hand
$36.8M
$319.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.5M
$317.6M
Total Assets
$70.6M
$330.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
MLGO
MLGO
Q4 25
$36.8M
Q3 25
$21.9M
Q2 25
$18.7M
$319.4M
Q1 25
$22.7M
Q4 24
$26.6M
$164.9M
Q3 24
$40.3M
Q2 24
$43.1M
$66.7M
Q1 24
$51.2M
Total Debt
FENC
FENC
MLGO
MLGO
Q4 25
Q3 25
$19.4M
Q2 25
$19.4M
Q1 25
$19.4M
Q4 24
$19.3M
Q3 24
$32.1M
Q2 24
$31.8M
Q1 24
$31.3M
Stockholders' Equity
FENC
FENC
MLGO
MLGO
Q4 25
$35.5M
Q3 25
$-4.5M
Q2 25
$-7.5M
$317.6M
Q1 25
$-5.9M
Q4 24
$-5.9M
$144.9M
Q3 24
$-5.2M
Q2 24
$-1.4M
$76.0M
Q1 24
$3.0M
Total Assets
FENC
FENC
MLGO
MLGO
Q4 25
$70.6M
Q3 25
$49.3M
Q2 25
$44.9M
$330.8M
Q1 25
$46.4M
Q4 24
$44.9M
$176.3M
Q3 24
$58.9M
Q2 24
$63.2M
$107.6M
Q1 24
$69.2M
Debt / Equity
FENC
FENC
MLGO
MLGO
Q4 25
Q3 25
Q2 25
Q1 25
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
FENC
FENC
MLGO
MLGO
Operating Cash FlowLast quarter
$-6.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
MLGO
MLGO
Q4 25
$-6.0M
Q3 25
$1.5M
Q2 25
$-3.7M
Q1 25
$-4.3M
Q4 24
$-1.5M
$4.8M
Q3 24
$-2.2M
Q2 24
$-8.4M
Q1 24
$39.0M
Free Cash Flow
FENC
FENC
MLGO
MLGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$4.8M
Q3 24
Q2 24
Q1 24
FCF Margin
FENC
FENC
MLGO
MLGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
13.8%
Q3 24
Q2 24
Q1 24
Capex Intensity
FENC
FENC
MLGO
MLGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
Q2 24
0.0%
Q1 24
Cash Conversion
FENC
FENC
MLGO
MLGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.15×
Q3 24
Q2 24
Q1 24
3.04×

Financial Flow Comparison

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

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