vs
Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and Tectonic Financial, Inc. (TECTP). Click either name above to swap in a different company.
Tectonic Financial, Inc. is the larger business by last-quarter revenue ($23.0M vs $13.8M, roughly 1.7× FENNEC PHARMACEUTICALS INC.). Tectonic Financial, Inc. runs the higher net margin — 23.8% vs -34.7%, a 58.6% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 17.9%). Over the past eight quarters, Tectonic Financial, Inc.'s revenue compounded faster (270.5% 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.
Tectonic Financial, Inc.TECTPEarnings & Financial Report
Tectonic Financial, Inc. is a US-based diversified financial services provider. It offers core services including wealth management, investment banking, capital markets advisory, and tailored financial solutions. Its key client segments cover high-net-worth individuals, institutional investors, and small to mid-sized enterprises across North America.
FENC vs TECTP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.8M | $23.0M |
| Net Profit | $-4.8M | $5.5M |
| Gross Margin | — | — |
| Operating Margin | -18.5% | 30.6% |
| Net Margin | -34.7% | 23.8% |
| Revenue YoY | 73.8% | 17.9% |
| Net Profit YoY | -141.1% | 15.9% |
| EPS (diluted) | $-0.17 | $0.73 |
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 | $23.0M | ||
| Q2 25 | $9.7M | $21.6M | ||
| Q1 25 | $8.8M | $21.8M | ||
| Q4 24 | $7.9M | $21.4M | ||
| Q3 24 | $7.0M | $19.5M | ||
| Q2 24 | $7.3M | $18.6M | ||
| Q1 24 | $25.4M | $17.6M |
| Q4 25 | $-4.8M | — | ||
| Q3 25 | $-638.0K | $5.5M | ||
| Q2 25 | $-3.2M | $4.3M | ||
| Q1 25 | $-1.2M | $4.5M | ||
| Q4 24 | $-2.0M | $3.0M | ||
| Q3 24 | $-5.7M | $4.7M | ||
| Q2 24 | $-5.6M | $3.1M | ||
| Q1 24 | $12.8M | $3.1M |
| Q4 25 | -18.5% | — | ||
| Q3 25 | -1.5% | 30.6% | ||
| Q2 25 | -28.3% | 25.9% | ||
| Q1 25 | -9.2% | 26.0% | ||
| Q4 24 | -11.8% | 22.1% | ||
| Q3 24 | -74.6% | 29.1% | ||
| Q2 24 | -69.4% | 21.5% | ||
| Q1 24 | 54.2% | 22.2% |
| Q4 25 | -34.7% | — | ||
| Q3 25 | -5.1% | 23.8% | ||
| Q2 25 | -32.7% | 19.8% | ||
| Q1 25 | -13.3% | 20.4% | ||
| Q4 24 | -25.0% | 14.0% | ||
| Q3 24 | -82.2% | 24.2% | ||
| Q2 24 | -76.5% | 16.9% | ||
| Q1 24 | 50.6% | 17.4% |
| Q4 25 | $-0.17 | — | ||
| Q3 25 | $-0.02 | $0.73 | ||
| Q2 25 | $-0.11 | $0.55 | ||
| Q1 25 | $-0.04 | $0.57 | ||
| Q4 24 | $-0.02 | $0.35 | ||
| Q3 24 | $-0.21 | $0.58 | ||
| Q2 24 | $-0.20 | $0.38 | ||
| Q1 24 | $0.41 | $0.37 |
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 | $119.2M |
| Total Assets | $70.6M | $1.1B |
| 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 | $119.2M | ||
| Q2 25 | $-7.5M | $114.6M | ||
| Q1 25 | $-5.9M | $111.3M | ||
| Q4 24 | $-5.9M | $113.4M | ||
| Q3 24 | $-5.2M | $112.8M | ||
| Q2 24 | $-1.4M | $110.4M | ||
| Q1 24 | $3.0M | $108.5M |
| Q4 25 | $70.6M | — | ||
| Q3 25 | $49.3M | $1.1B | ||
| Q2 25 | $44.9M | $997.0M | ||
| Q1 25 | $46.4M | $910.5M | ||
| Q4 24 | $44.9M | $863.4M | ||
| Q3 24 | $58.9M | $847.5M | ||
| Q2 24 | $63.2M | $777.1M | ||
| Q1 24 | $69.2M | $777.6M |
| 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 | $-17.3M |
| Free Cash FlowOCF − Capex | — | $-17.3M |
| FCF MarginFCF / Revenue | — | -74.9% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | -3.14× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | — | ||
| Q3 25 | $1.5M | $-17.3M | ||
| Q2 25 | $-3.7M | $-32.5M | ||
| Q1 25 | $-4.3M | $-35.6M | ||
| Q4 24 | $-1.5M | $-86.6M | ||
| Q3 24 | $-2.2M | $-22.5M | ||
| Q2 24 | $-8.4M | $-30.7M | ||
| Q1 24 | $39.0M | $-3.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-17.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-35.6M | ||
| Q4 24 | — | $-86.8M | ||
| Q3 24 | — | $-22.5M | ||
| Q2 24 | — | $-30.7M | ||
| Q1 24 | — | $-3.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | -74.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -163.2% | ||
| Q4 24 | — | -406.5% | ||
| Q3 24 | — | -115.0% | ||
| Q2 24 | — | -165.5% | ||
| Q1 24 | — | -18.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | -3.14× | ||
| Q2 25 | — | -7.61× | ||
| Q1 25 | — | -8.00× | ||
| Q4 24 | — | -28.99× | ||
| Q3 24 | — | -4.74× | ||
| Q2 24 | — | -9.76× | ||
| Q1 24 | 3.04× | -1.03× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
