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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and Volato Group, Inc. (SOAR). Click either name above to swap in a different company.
Volato Group, Inc. is the larger business by last-quarter revenue ($24.9M vs $13.8M, roughly 1.8× FENNEC PHARMACEUTICALS INC.). Volato Group, Inc. runs the higher net margin — 14.5% vs -34.7%, a 49.2% gap on every dollar of revenue. On growth, Volato Group, Inc. posted the faster year-over-year revenue change (13632.0% vs 73.8%).
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.
Volato Aeronaves also known as Volato Aeronaves e Compósitos Ltda is a Brazilian aircraft manufacturer.
FENC vs SOAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.8M | $24.9M |
| Net Profit | $-4.8M | $3.6M |
| Gross Margin | — | 15.2% |
| Operating Margin | -18.5% | 3.5% |
| Net Margin | -34.7% | 14.5% |
| Revenue YoY | 73.8% | 13632.0% |
| Net Profit YoY | -141.1% | 121.3% |
| EPS (diluted) | $-0.17 | $0.75 |
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 | — | ||
| Q3 25 | $12.5M | — | ||
| Q2 25 | $9.7M | $24.9M | ||
| Q1 25 | $8.8M | $25.5M | ||
| Q4 24 | $7.9M | — | ||
| Q3 24 | $7.0M | $38.5M | ||
| Q2 24 | $7.3M | — | ||
| Q1 24 | $25.4M | — |
| Q4 25 | $-4.8M | — | ||
| Q3 25 | $-638.0K | — | ||
| Q2 25 | $-3.2M | $3.6M | ||
| Q1 25 | $-1.2M | $455.0K | ||
| Q4 24 | $-2.0M | — | ||
| Q3 24 | $-5.7M | $-4.4M | ||
| Q2 24 | $-5.6M | — | ||
| Q1 24 | $12.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 17.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 16.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -18.5% | — | ||
| Q3 25 | -1.5% | — | ||
| Q2 25 | -28.3% | 3.5% | ||
| Q1 25 | -9.2% | 9.9% | ||
| Q4 24 | -11.8% | — | ||
| Q3 24 | -74.6% | 5.5% | ||
| Q2 24 | -69.4% | — | ||
| Q1 24 | 54.2% | — |
| Q4 25 | -34.7% | — | ||
| Q3 25 | -5.1% | — | ||
| Q2 25 | -32.7% | 14.5% | ||
| Q1 25 | -13.3% | 1.8% | ||
| Q4 24 | -25.0% | — | ||
| Q3 24 | -82.2% | -11.5% | ||
| Q2 24 | -76.5% | — | ||
| Q1 24 | 50.6% | — |
| Q4 25 | $-0.17 | — | ||
| Q3 25 | $-0.02 | — | ||
| Q2 25 | $-0.11 | $0.75 | ||
| Q1 25 | $-0.04 | $0.03 | ||
| Q4 24 | $-0.02 | — | ||
| Q3 24 | $-0.21 | $-3.76 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.8M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $35.5M | $-7.1M |
| Total Assets | $70.6M | $13.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.8M | — | ||
| Q3 25 | $21.9M | — | ||
| Q2 25 | $18.7M | — | ||
| Q1 25 | $22.7M | — | ||
| Q4 24 | $26.6M | — | ||
| Q3 24 | $40.3M | — | ||
| Q2 24 | $43.1M | — | ||
| Q1 24 | $51.2M | — |
| 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 | — |
| Q4 25 | $35.5M | — | ||
| Q3 25 | $-4.5M | — | ||
| Q2 25 | $-7.5M | $-7.1M | ||
| Q1 25 | $-5.9M | $-15.8M | ||
| Q4 24 | $-5.9M | — | ||
| Q3 24 | $-5.2M | $-19.6M | ||
| Q2 24 | $-1.4M | — | ||
| Q1 24 | $3.0M | — |
| Q4 25 | $70.6M | — | ||
| Q3 25 | $49.3M | — | ||
| Q2 25 | $44.9M | $13.0M | ||
| Q1 25 | $46.4M | $23.4M | ||
| Q4 24 | $44.9M | — | ||
| Q3 24 | $58.9M | $47.9M | ||
| Q2 24 | $63.2M | — | ||
| Q1 24 | $69.2M | — |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.0M | $848.0K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | 0.24× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | — | ||
| Q3 25 | $1.5M | — | ||
| Q2 25 | $-3.7M | $848.0K | ||
| Q1 25 | $-4.3M | $-312.0K | ||
| Q4 24 | $-1.5M | — | ||
| Q3 24 | $-2.2M | $-3.1M | ||
| Q2 24 | $-8.4M | — | ||
| Q1 24 | $39.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-3.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -8.2% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | -0.69× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.04× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
