vs

Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and Laird Superfood, Inc. (LSF). Click either name above to swap in a different company.

Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $9.2M, roughly 1.4× Foghorn Therapeutics Inc.). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -234.3%, a 221.1% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs 15.0%). Over the past eight quarters, Foghorn Therapeutics Inc.'s revenue compounded faster (35.3% CAGR vs 16.1%).

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.

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

FHTX vs LSF — Head-to-Head

Bigger by revenue
LSF
LSF
1.4× larger
LSF
$13.3M
$9.2M
FHTX
Growing faster (revenue YoY)
FHTX
FHTX
+208.8% gap
FHTX
223.8%
15.0%
LSF
Higher net margin
LSF
LSF
221.1% more per $
LSF
-13.2%
-234.3%
FHTX
Faster 2-yr revenue CAGR
FHTX
FHTX
Annualised
FHTX
35.3%
16.1%
LSF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FHTX
FHTX
LSF
LSF
Revenue
$9.2M
$13.3M
Net Profit
$-21.7M
$-1.8M
Gross Margin
34.1%
Operating Margin
-258.2%
-13.5%
Net Margin
-234.3%
-13.2%
Revenue YoY
223.8%
15.0%
Net Profit YoY
-11.1%
-341.4%
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
LSF
LSF
Q4 25
$9.2M
$13.3M
Q3 25
$8.2M
$12.9M
Q2 25
$7.6M
$12.0M
Q1 25
$6.0M
$11.7M
Q4 24
$2.9M
$11.6M
Q3 24
$7.8M
$11.8M
Q2 24
$6.9M
$10.0M
Q1 24
$5.0M
$9.9M
Net Profit
FHTX
FHTX
LSF
LSF
Q4 25
$-21.7M
$-1.8M
Q3 25
$-15.8M
$-975.1K
Q2 25
$-17.9M
$-362.2K
Q1 25
$-18.8M
$-156.2K
Q4 24
$-19.5M
$-398.4K
Q3 24
$-19.1M
$-166.1K
Q2 24
$-23.0M
$-239.1K
Q1 24
$-25.0M
$-1.0M
Gross Margin
FHTX
FHTX
LSF
LSF
Q4 25
34.1%
Q3 25
36.5%
Q2 25
39.9%
Q1 25
41.9%
Q4 24
38.6%
Q3 24
43.0%
Q2 24
41.8%
Q1 24
40.0%
Operating Margin
FHTX
FHTX
LSF
LSF
Q4 25
-258.2%
-13.5%
Q3 25
-226.9%
-7.7%
Q2 25
-279.2%
-3.3%
Q1 25
-385.0%
-1.9%
Q4 24
-840.5%
-4.1%
Q3 24
-305.5%
-2.3%
Q2 24
-386.6%
-3.4%
Q1 24
-558.3%
-11.0%
Net Margin
FHTX
FHTX
LSF
LSF
Q4 25
-234.3%
-13.2%
Q3 25
-194.4%
-7.6%
Q2 25
-237.3%
-3.0%
Q1 25
-316.4%
-1.3%
Q4 24
-682.9%
-3.4%
Q3 24
-244.9%
-1.4%
Q2 24
-333.6%
-2.4%
Q1 24
-495.4%
-10.3%
EPS (diluted)
FHTX
FHTX
LSF
LSF
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
LSF
LSF
Cash + ST InvestmentsLiquidity on hand
$80.9M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-108.5M
$11.5M
Total Assets
$198.1M
$19.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
LSF
LSF
Q4 25
$80.9M
$5.1M
Q3 25
$89.3M
$5.1M
Q2 25
$72.6M
$3.9M
Q1 25
$61.0M
$7.0M
Q4 24
$55.5M
$8.3M
Q3 24
$57.7M
$7.9M
Q2 24
$138.9M
$7.6M
Q1 24
$79.3M
$7.1M
Stockholders' Equity
FHTX
FHTX
LSF
LSF
Q4 25
$-108.5M
$11.5M
Q3 25
$-89.7M
$12.8M
Q2 25
$-76.7M
$13.4M
Q1 25
$-61.7M
$13.3M
Q4 24
$-45.5M
$13.2M
Q3 24
$-28.3M
$13.1M
Q2 24
$-14.3M
$12.6M
Q1 24
$-97.5M
$12.7M
Total Assets
FHTX
FHTX
LSF
LSF
Q4 25
$198.1M
$19.2M
Q3 25
$205.0M
$18.9M
Q2 25
$226.2M
$20.4M
Q1 25
$258.7M
$21.5M
Q4 24
$284.0M
$19.3M
Q3 24
$308.4M
$18.8M
Q2 24
$328.6M
$18.0M
Q1 24
$255.0M
$17.6M

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
LSF
LSF
Operating Cash FlowLast quarter
$-22.3M
$68.4K
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
LSF
LSF
Q4 25
$-22.3M
$68.4K
Q3 25
$-18.9M
$1.2M
Q2 25
$-21.0M
$-2.8M
Q1 25
$-24.0M
$-1.3M
Q4 24
$-24.5M
$339.2K
Q3 24
$-21.0M
$305.8K
Q2 24
$-25.5M
$642.7K
Q1 24
$-29.3M
$-422.3K
Free Cash Flow
FHTX
FHTX
LSF
LSF
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
LSF
LSF
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
LSF
LSF
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.

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

Related Comparisons