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

OP Bancorp is the larger business by last-quarter revenue ($24.3M vs $13.8M, roughly 1.8× FENNEC PHARMACEUTICALS INC.). On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 13.7%). Over the past eight quarters, OP Bancorp's revenue compounded faster (11.4% 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.

OP Bancorp is the bank holding company for Open Bank, a community-oriented commercial bank headquartered in California, United States. It provides a full range of banking solutions including deposit accounts, commercial real estate loans, small business financing, and consumer lending products, primarily catering to small and medium-sized enterprises, local immigrant communities, and retail clients across Southern California.

FENC vs OPBK — Head-to-Head

Bigger by revenue
OPBK
OPBK
1.8× larger
OPBK
$24.3M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+60.1% gap
FENC
73.8%
13.7%
OPBK
Faster 2-yr revenue CAGR
OPBK
OPBK
Annualised
OPBK
11.4%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FENC
FENC
OPBK
OPBK
Revenue
$13.8M
$24.3M
Net Profit
$-4.8M
Gross Margin
Operating Margin
-18.5%
39.2%
Net Margin
-34.7%
Revenue YoY
73.8%
13.7%
Net Profit YoY
-141.1%
EPS (diluted)
$-0.17
$0.48

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
OPBK
OPBK
Q4 25
$13.8M
$24.3M
Q3 25
$12.5M
$24.5M
Q2 25
$9.7M
$23.7M
Q1 25
$8.8M
$22.2M
Q4 24
$7.9M
$21.3M
Q3 24
$7.0M
$20.7M
Q2 24
$7.3M
$20.4M
Q1 24
$25.4M
$19.6M
Net Profit
FENC
FENC
OPBK
OPBK
Q4 25
$-4.8M
Q3 25
$-638.0K
$6.7M
Q2 25
$-3.2M
$6.3M
Q1 25
$-1.2M
$5.6M
Q4 24
$-2.0M
Q3 24
$-5.7M
$5.4M
Q2 24
$-5.6M
$5.4M
Q1 24
$12.8M
$5.2M
Operating Margin
FENC
FENC
OPBK
OPBK
Q4 25
-18.5%
39.2%
Q3 25
-1.5%
39.5%
Q2 25
-28.3%
35.7%
Q1 25
-9.2%
34.6%
Q4 24
-11.8%
31.2%
Q3 24
-74.6%
36.5%
Q2 24
-69.4%
37.2%
Q1 24
54.2%
37.1%
Net Margin
FENC
FENC
OPBK
OPBK
Q4 25
-34.7%
Q3 25
-5.1%
27.4%
Q2 25
-32.7%
26.7%
Q1 25
-13.3%
25.0%
Q4 24
-25.0%
Q3 24
-82.2%
26.2%
Q2 24
-76.5%
26.7%
Q1 24
50.6%
26.7%
EPS (diluted)
FENC
FENC
OPBK
OPBK
Q4 25
$-0.17
$0.48
Q3 25
$-0.02
$0.45
Q2 25
$-0.11
$0.42
Q1 25
$-0.04
$0.37
Q4 24
$-0.02
$0.33
Q3 24
$-0.21
$0.36
Q2 24
$-0.20
$0.36
Q1 24
$0.41
$0.34

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
OPBK
OPBK
Cash + ST InvestmentsLiquidity on hand
$36.8M
$167.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.5M
$227.9M
Total Assets
$70.6M
$2.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
OPBK
OPBK
Q4 25
$36.8M
$167.3M
Q3 25
$21.9M
$166.7M
Q2 25
$18.7M
$205.4M
Q1 25
$22.7M
$198.9M
Q4 24
$26.6M
$134.9M
Q3 24
$40.3M
$166.8M
Q2 24
$43.1M
$127.7M
Q1 24
$51.2M
$139.2M
Total Debt
FENC
FENC
OPBK
OPBK
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
OPBK
OPBK
Q4 25
$35.5M
$227.9M
Q3 25
$-4.5M
$221.5M
Q2 25
$-7.5M
$213.7M
Q1 25
$-5.9M
$210.1M
Q4 24
$-5.9M
$205.0M
Q3 24
$-5.2M
$203.6M
Q2 24
$-1.4M
$195.9M
Q1 24
$3.0M
$194.7M
Total Assets
FENC
FENC
OPBK
OPBK
Q4 25
$70.6M
$2.7B
Q3 25
$49.3M
$2.6B
Q2 25
$44.9M
$2.6B
Q1 25
$46.4M
$2.5B
Q4 24
$44.9M
$2.4B
Q3 24
$58.9M
$2.4B
Q2 24
$63.2M
$2.3B
Q1 24
$69.2M
$2.2B
Debt / Equity
FENC
FENC
OPBK
OPBK
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
OPBK
OPBK
Operating Cash FlowLast quarter
$-6.0M
$26.2M
Free Cash FlowOCF − Capex
$23.4M
FCF MarginFCF / Revenue
96.2%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
OPBK
OPBK
Q4 25
$-6.0M
$26.2M
Q3 25
$1.5M
$23.9M
Q2 25
$-3.7M
$-7.0M
Q1 25
$-4.3M
$5.6M
Q4 24
$-1.5M
$31.2M
Q3 24
$-2.2M
$13.3M
Q2 24
$-8.4M
$15.8M
Q1 24
$39.0M
$-3.2M
Free Cash Flow
FENC
FENC
OPBK
OPBK
Q4 25
$23.4M
Q3 25
$23.4M
Q2 25
$-7.7M
Q1 25
$4.2M
Q4 24
$29.7M
Q3 24
$12.8M
Q2 24
$15.7M
Q1 24
$-3.2M
FCF Margin
FENC
FENC
OPBK
OPBK
Q4 25
96.2%
Q3 25
95.6%
Q2 25
-32.5%
Q1 25
19.0%
Q4 24
139.0%
Q3 24
61.5%
Q2 24
77.0%
Q1 24
-16.6%
Capex Intensity
FENC
FENC
OPBK
OPBK
Q4 25
11.5%
Q3 25
2.3%
Q2 25
3.0%
Q1 25
6.4%
Q4 24
7.3%
Q3 24
2.8%
Q2 24
0.4%
Q1 24
0.5%
Cash Conversion
FENC
FENC
OPBK
OPBK
Q4 25
Q3 25
3.57×
Q2 25
-1.10×
Q1 25
1.02×
Q4 24
Q3 24
2.45×
Q2 24
2.90×
Q1 24
3.04×
-0.60×

Financial Flow Comparison

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

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