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

PodcastOne, Inc. is the larger business by last-quarter revenue ($15.9M vs $13.8M, roughly 1.2× FENNEC PHARMACEUTICALS INC.). PodcastOne, Inc. runs the higher net margin — -1.0% vs -34.7%, a 33.8% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 24.8%). Over the past eight quarters, PodcastOne, Inc.'s revenue compounded faster (16.4% 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.

PodcastOne, Inc. is a prominent audio entertainment company focusing on podcast production, distribution, and monetization. It owns a large library of original and licensed content across genres like true crime, comedy, news, sports, and lifestyle, serving global listeners and offering ad solutions for creators and brands.

FENC vs PODC — Head-to-Head

Bigger by revenue
PODC
PODC
1.2× larger
PODC
$15.9M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+49.1% gap
FENC
73.8%
24.8%
PODC
Higher net margin
PODC
PODC
33.8% more per $
PODC
-1.0%
-34.7%
FENC
Faster 2-yr revenue CAGR
PODC
PODC
Annualised
PODC
16.4%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
FENC
FENC
PODC
PODC
Revenue
$13.8M
$15.9M
Net Profit
$-4.8M
$-154.0K
Gross Margin
16.5%
Operating Margin
-18.5%
-1.0%
Net Margin
-34.7%
-1.0%
Revenue YoY
73.8%
24.8%
Net Profit YoY
-141.1%
90.3%
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
PODC
PODC
Q4 25
$13.8M
$15.9M
Q3 25
$12.5M
$15.2M
Q2 25
$9.7M
$15.0M
Q1 25
$8.8M
$14.1M
Q4 24
$7.9M
$12.7M
Q3 24
$7.0M
$12.2M
Q2 24
$7.3M
$13.2M
Q1 24
$25.4M
$11.7M
Net Profit
FENC
FENC
PODC
PODC
Q4 25
$-4.8M
$-154.0K
Q3 25
$-638.0K
$-975.0K
Q2 25
$-3.2M
$-1.1M
Q1 25
$-1.2M
$-1.8M
Q4 24
$-2.0M
$-1.6M
Q3 24
$-5.7M
$-1.7M
Q2 24
$-5.6M
$-1.4M
Q1 24
$12.8M
$-1.0M
Gross Margin
FENC
FENC
PODC
PODC
Q4 25
16.5%
Q3 25
10.6%
Q2 25
9.6%
Q1 25
10.9%
Q4 24
5.7%
Q3 24
8.3%
Q2 24
11.0%
Q1 24
8.9%
Operating Margin
FENC
FENC
PODC
PODC
Q4 25
-18.5%
-1.0%
Q3 25
-1.5%
-6.4%
Q2 25
-28.3%
-7.0%
Q1 25
-9.2%
-13.0%
Q4 24
-11.8%
-12.4%
Q3 24
-74.6%
-13.6%
Q2 24
-69.4%
-10.4%
Q1 24
54.2%
-10.1%
Net Margin
FENC
FENC
PODC
PODC
Q4 25
-34.7%
-1.0%
Q3 25
-5.1%
-6.4%
Q2 25
-32.7%
-7.0%
Q1 25
-13.3%
-13.1%
Q4 24
-25.0%
-12.5%
Q3 24
-82.2%
-13.7%
Q2 24
-76.5%
-10.4%
Q1 24
50.6%
-9.0%
EPS (diluted)
FENC
FENC
PODC
PODC
Q4 25
$-0.17
Q3 25
$-0.02
Q2 25
$-0.11
Q1 25
$-0.04
Q4 24
$-0.02
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
PODC
PODC
Cash + ST InvestmentsLiquidity on hand
$36.8M
$3.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.5M
$15.8M
Total Assets
$70.6M
$24.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
PODC
PODC
Q4 25
$36.8M
$3.4M
Q3 25
$21.9M
$2.7M
Q2 25
$18.7M
$1.9M
Q1 25
$22.7M
$1.1M
Q4 24
$26.6M
$572.0K
Q3 24
$40.3M
$1.4M
Q2 24
$43.1M
$891.0K
Q1 24
$51.2M
$1.4M
Total Debt
FENC
FENC
PODC
PODC
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
PODC
PODC
Q4 25
$35.5M
$15.8M
Q3 25
$-4.5M
$14.7M
Q2 25
$-7.5M
$14.7M
Q1 25
$-5.9M
$15.1M
Q4 24
$-5.9M
$15.0M
Q3 24
$-5.2M
$15.5M
Q2 24
$-1.4M
$15.7M
Q1 24
$3.0M
$16.3M
Total Assets
FENC
FENC
PODC
PODC
Q4 25
$70.6M
$24.7M
Q3 25
$49.3M
$22.6M
Q2 25
$44.9M
$22.3M
Q1 25
$46.4M
$20.8M
Q4 24
$44.9M
$20.6M
Q3 24
$58.9M
$23.1M
Q2 24
$63.2M
$24.0M
Q1 24
$69.2M
$24.1M
Debt / Equity
FENC
FENC
PODC
PODC
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
PODC
PODC
Operating Cash FlowLast quarter
$-6.0M
$579.0K
Free Cash FlowOCF − Capex
$489.0K
FCF MarginFCF / Revenue
3.1%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
PODC
PODC
Q4 25
$-6.0M
$579.0K
Q3 25
$1.5M
$877.0K
Q2 25
$-3.7M
$903.0K
Q1 25
$-4.3M
$506.0K
Q4 24
$-1.5M
$-763.0K
Q3 24
$-2.2M
$525.0K
Q2 24
$-8.4M
$-480.0K
Q1 24
$39.0M
Free Cash Flow
FENC
FENC
PODC
PODC
Q4 25
$489.0K
Q3 25
Q2 25
$791.0K
Q1 25
$505.0K
Q4 24
$-783.0K
Q3 24
$464.0K
Q2 24
$-554.0K
Q1 24
FCF Margin
FENC
FENC
PODC
PODC
Q4 25
3.1%
Q3 25
Q2 25
5.3%
Q1 25
3.6%
Q4 24
-6.2%
Q3 24
3.8%
Q2 24
-4.2%
Q1 24
Capex Intensity
FENC
FENC
PODC
PODC
Q4 25
0.6%
Q3 25
0.0%
Q2 25
0.7%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.5%
Q2 24
0.6%
Q1 24
Cash Conversion
FENC
FENC
PODC
PODC
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
FENC

Segment breakdown not available.

PODC
PODC

Other$9.0M56%
Barter$6.9M44%

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