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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and Lion Group Holding Ltd (LGHL). Click either name above to swap in a different company.

Lion Group Holding Ltd is the larger business by last-quarter revenue ($13.3M vs $9.2M, roughly 1.4× Foghorn Therapeutics Inc.). Lion Group Holding Ltd runs the higher net margin — -0.4% vs -234.3%, a 233.9% gap on every dollar of revenue.

Foghorn Therapeutics Inc. is a clinical-stage biotechnology company dedicated to developing novel therapies targeting the chromatin regulatory system to treat various types of cancer and other severe diseases. It advances a diverse pipeline of targeted drug candidates, conducting internal R&D and strategic partnerships to serve global patient populations.

LION is a Canadian electric vehicle manufacturer headquartered in Saint-Jérôme, Quebec. Founded in 2011 as Lion Bus, the company is primarily known for its production of yellow school buses, of which it was the first to mass produce as a fully electric vehicle.

FHTX vs LGHL — Head-to-Head

Bigger by revenue
LGHL
LGHL
1.4× larger
LGHL
$13.3M
$9.2M
FHTX
Higher net margin
LGHL
LGHL
233.9% more per $
LGHL
-0.4%
-234.3%
FHTX

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
FHTX
FHTX
LGHL
LGHL
Revenue
$9.2M
$13.3M
Net Profit
$-21.7M
$-53.7K
Gross Margin
Operating Margin
-258.2%
Net Margin
-234.3%
-0.4%
Revenue YoY
223.8%
Net Profit YoY
-11.1%
EPS (diluted)
$-0.35

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
FHTX
FHTX
LGHL
LGHL
Q4 25
$9.2M
Q3 25
$8.2M
Q2 25
$7.6M
Q1 25
$6.0M
Q4 24
$2.9M
Q3 24
$7.8M
Q2 24
$6.9M
$13.3M
Q1 24
$5.0M
Net Profit
FHTX
FHTX
LGHL
LGHL
Q4 25
$-21.7M
Q3 25
$-15.8M
Q2 25
$-17.9M
Q1 25
$-18.8M
Q4 24
$-19.5M
Q3 24
$-19.1M
Q2 24
$-23.0M
$-53.7K
Q1 24
$-25.0M
Operating Margin
FHTX
FHTX
LGHL
LGHL
Q4 25
-258.2%
Q3 25
-226.9%
Q2 25
-279.2%
Q1 25
-385.0%
Q4 24
-840.5%
Q3 24
-305.5%
Q2 24
-386.6%
Q1 24
-558.3%
Net Margin
FHTX
FHTX
LGHL
LGHL
Q4 25
-234.3%
Q3 25
-194.4%
Q2 25
-237.3%
Q1 25
-316.4%
Q4 24
-682.9%
Q3 24
-244.9%
Q2 24
-333.6%
-0.4%
Q1 24
-495.4%
EPS (diluted)
FHTX
FHTX
LGHL
LGHL
Q4 25
$-0.35
Q3 25
$-0.25
Q2 25
$-0.28
Q1 25
$-0.30
Q4 24
$-0.23
Q3 24
$-0.31
Q2 24
$-0.45
Q1 24
$-0.59

Balance Sheet & Financial Strength

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

Metric
FHTX
FHTX
LGHL
LGHL
Cash + ST InvestmentsLiquidity on hand
$80.9M
$29.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-108.5M
$28.4M
Total Assets
$198.1M
$74.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
LGHL
LGHL
Q4 25
$80.9M
Q3 25
$89.3M
Q2 25
$72.6M
Q1 25
$61.0M
Q4 24
$55.5M
Q3 24
$57.7M
Q2 24
$138.9M
$29.0M
Q1 24
$79.3M
Stockholders' Equity
FHTX
FHTX
LGHL
LGHL
Q4 25
$-108.5M
Q3 25
$-89.7M
Q2 25
$-76.7M
Q1 25
$-61.7M
Q4 24
$-45.5M
Q3 24
$-28.3M
Q2 24
$-14.3M
$28.4M
Q1 24
$-97.5M
Total Assets
FHTX
FHTX
LGHL
LGHL
Q4 25
$198.1M
Q3 25
$205.0M
Q2 25
$226.2M
Q1 25
$258.7M
Q4 24
$284.0M
Q3 24
$308.4M
Q2 24
$328.6M
$74.5M
Q1 24
$255.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FHTX
FHTX
LGHL
LGHL
Operating Cash FlowLast quarter
$-22.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FHTX
FHTX
LGHL
LGHL
Q4 25
$-22.3M
Q3 25
$-18.9M
Q2 25
$-21.0M
Q1 25
$-24.0M
Q4 24
$-24.5M
Q3 24
$-21.0M
Q2 24
$-25.5M
Q1 24
$-29.3M
Free Cash Flow
FHTX
FHTX
LGHL
LGHL
Q4 25
Q3 25
Q2 25
$-21.0M
Q1 25
$-24.0M
Q4 24
$-25.0M
Q3 24
$-21.3M
Q2 24
$-25.6M
Q1 24
$-29.4M
FCF Margin
FHTX
FHTX
LGHL
LGHL
Q4 25
Q3 25
Q2 25
-278.2%
Q1 25
-403.2%
Q4 24
-875.3%
Q3 24
-273.0%
Q2 24
-371.0%
Q1 24
-583.1%
Capex Intensity
FHTX
FHTX
LGHL
LGHL
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.3%
Q1 25
0.5%
Q4 24
16.8%
Q3 24
4.0%
Q2 24
0.2%
Q1 24
2.0%

Financial Flow Comparison

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

Revenue Breakdown by Segment

FHTX
FHTX

Segment breakdown not available.

LGHL
LGHL

Trading gains$7.8M59%
Other$2.4M18%
Securities brokerage commissions and fees$1.7M13%
Market making commissions and fees$1.0M8%
Other income$380.2K3%

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