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

MOGU Inc. is the larger business by last-quarter revenue ($19.5M vs $13.8M, roughly 1.4× FENNEC PHARMACEUTICALS INC.). FENNEC PHARMACEUTICALS INC. runs the higher net margin — -34.7% vs -44.3%, a 9.6% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs -12.4%).

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.

Mogu Mogu is a brand of fruit-flavoured drink with pieces of nata de coco, produced by Thailand-based Sappe Public Company Limited and exported to many international markets, especially South Korea, the Philippines, Indonesia and France.

FENC vs MOGU — Head-to-Head

Bigger by revenue
MOGU
MOGU
1.4× larger
MOGU
$19.5M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+86.2% gap
FENC
73.8%
-12.4%
MOGU
Higher net margin
FENC
FENC
9.6% more per $
FENC
-34.7%
-44.3%
MOGU

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FENC
FENC
MOGU
MOGU
Revenue
$13.8M
$19.5M
Net Profit
$-4.8M
$-8.6M
Gross Margin
0.0%
Operating Margin
-18.5%
-71.6%
Net Margin
-34.7%
-44.3%
Revenue YoY
73.8%
-12.4%
Net Profit YoY
-141.1%
-5.0%
EPS (diluted)
$-0.17
$0.00

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
MOGU
MOGU
Q4 25
$13.8M
Q3 25
$12.5M
Q2 25
$9.7M
Q1 25
$8.8M
$19.5M
Q4 24
$7.9M
Q3 24
$7.0M
Q2 24
$7.3M
Q1 24
$25.4M
$22.2M
Net Profit
FENC
FENC
MOGU
MOGU
Q4 25
$-4.8M
Q3 25
$-638.0K
Q2 25
$-3.2M
Q1 25
$-1.2M
$-8.6M
Q4 24
$-2.0M
Q3 24
$-5.7M
Q2 24
$-5.6M
Q1 24
$12.8M
$-8.2M
Gross Margin
FENC
FENC
MOGU
MOGU
Q4 25
Q3 25
Q2 25
Q1 25
0.0%
Q4 24
Q3 24
Q2 24
Q1 24
0.0%
Operating Margin
FENC
FENC
MOGU
MOGU
Q4 25
-18.5%
Q3 25
-1.5%
Q2 25
-28.3%
Q1 25
-9.2%
-71.6%
Q4 24
-11.8%
Q3 24
-74.6%
Q2 24
-69.4%
Q1 24
54.2%
-49.4%
Net Margin
FENC
FENC
MOGU
MOGU
Q4 25
-34.7%
Q3 25
-5.1%
Q2 25
-32.7%
Q1 25
-13.3%
-44.3%
Q4 24
-25.0%
Q3 24
-82.2%
Q2 24
-76.5%
Q1 24
50.6%
-37.0%
EPS (diluted)
FENC
FENC
MOGU
MOGU
Q4 25
$-0.17
Q3 25
$-0.02
Q2 25
$-0.11
Q1 25
$-0.04
$0.00
Q4 24
$-0.02
Q3 24
$-0.21
Q2 24
$-0.20
Q1 24
$0.41
$0.00

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
MOGU
MOGU
Cash + ST InvestmentsLiquidity on hand
$36.8M
$52.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.5M
$70.1M
Total Assets
$70.6M
$118.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
MOGU
MOGU
Q4 25
$36.8M
Q3 25
$21.9M
Q2 25
$18.7M
Q1 25
$22.7M
$52.3M
Q4 24
$26.6M
Q3 24
$40.3M
Q2 24
$43.1M
Q1 24
$51.2M
$58.2M
Total Debt
FENC
FENC
MOGU
MOGU
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
MOGU
MOGU
Q4 25
$35.5M
Q3 25
$-4.5M
Q2 25
$-7.5M
Q1 25
$-5.9M
$70.1M
Q4 24
$-5.9M
Q3 24
$-5.2M
Q2 24
$-1.4M
Q1 24
$3.0M
$81.5M
Total Assets
FENC
FENC
MOGU
MOGU
Q4 25
$70.6M
Q3 25
$49.3M
Q2 25
$44.9M
Q1 25
$46.4M
$118.3M
Q4 24
$44.9M
Q3 24
$58.9M
Q2 24
$63.2M
Q1 24
$69.2M
$130.0M
Debt / Equity
FENC
FENC
MOGU
MOGU
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
MOGU
MOGU
Operating Cash FlowLast quarter
$-6.0M
$-9.4M
Free Cash FlowOCF − Capex
$-10.7M
FCF MarginFCF / Revenue
-55.2%
Capex IntensityCapex / Revenue
7.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
MOGU
MOGU
Q4 25
$-6.0M
Q3 25
$1.5M
Q2 25
$-3.7M
Q1 25
$-4.3M
$-9.4M
Q4 24
$-1.5M
Q3 24
$-2.2M
Q2 24
$-8.4M
Q1 24
$39.0M
$-5.6M
Free Cash Flow
FENC
FENC
MOGU
MOGU
Q4 25
Q3 25
Q2 25
Q1 25
$-10.7M
Q4 24
Q3 24
Q2 24
Q1 24
$-18.6M
FCF Margin
FENC
FENC
MOGU
MOGU
Q4 25
Q3 25
Q2 25
Q1 25
-55.2%
Q4 24
Q3 24
Q2 24
Q1 24
-84.0%
Capex Intensity
FENC
FENC
MOGU
MOGU
Q4 25
Q3 25
Q2 25
Q1 25
7.1%
Q4 24
Q3 24
Q2 24
Q1 24
58.7%
Cash Conversion
FENC
FENC
MOGU
MOGU
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.

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