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

MIND TECHNOLOGY, INC is the larger business by last-quarter revenue ($9.7M vs $9.2M, roughly 1.0× Foghorn Therapeutics Inc.). MIND TECHNOLOGY, INC runs the higher net margin — 0.6% vs -234.3%, a 234.9% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs -20.0%). Over the past eight quarters, Foghorn Therapeutics Inc.'s revenue compounded faster (35.3% CAGR vs -14.9%).

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.

Mitcham Industries, Inc. is a company founded in 1987, and is based in Huntsville, Texas. The company markets geophysical and other equipment to seismic data acquisition contractors conducting surveys on land, marsh, and marine areas, both shallow and deep water. There are mainly two segments operating in the company, namely an Equipment Leasing segment and an Equipment Manufacturing segment. In October 2011, the Company opened a new logistics and repair facility in Budapest, Hungary, and thr...

FHTX vs MIND — Head-to-Head

Bigger by revenue
MIND
MIND
1.0× larger
MIND
$9.7M
$9.2M
FHTX
Growing faster (revenue YoY)
FHTX
FHTX
+243.7% gap
FHTX
223.8%
-20.0%
MIND
Higher net margin
MIND
MIND
234.9% more per $
MIND
0.6%
-234.3%
FHTX
Faster 2-yr revenue CAGR
FHTX
FHTX
Annualised
FHTX
35.3%
-14.9%
MIND

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
FHTX
FHTX
MIND
MIND
Revenue
$9.2M
$9.7M
Net Profit
$-21.7M
$62.0K
Gross Margin
46.6%
Operating Margin
-258.2%
8.0%
Net Margin
-234.3%
0.6%
Revenue YoY
223.8%
-20.0%
Net Profit YoY
-11.1%
-95.2%
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
MIND
MIND
Q4 25
$9.2M
$9.7M
Q3 25
$8.2M
$13.6M
Q2 25
$7.6M
$7.9M
Q1 25
$6.0M
$15.0M
Q4 24
$2.9M
$12.1M
Q3 24
$7.8M
$10.0M
Q2 24
$6.9M
$9.7M
Q1 24
$5.0M
$13.4M
Net Profit
FHTX
FHTX
MIND
MIND
Q4 25
$-21.7M
$62.0K
Q3 25
$-15.8M
$1.9M
Q2 25
$-17.9M
$-970.0K
Q1 25
$-18.8M
$2.0M
Q4 24
$-19.5M
$1.3M
Q3 24
$-19.1M
$798.0K
Q2 24
$-23.0M
$954.0K
Q1 24
$-25.0M
$1.4M
Gross Margin
FHTX
FHTX
MIND
MIND
Q4 25
46.6%
Q3 25
50.4%
Q2 25
42.2%
Q1 25
43.5%
Q4 24
44.8%
Q3 24
47.6%
Q2 24
43.6%
Q1 24
46.7%
Operating Margin
FHTX
FHTX
MIND
MIND
Q4 25
-258.2%
8.0%
Q3 25
-226.9%
19.6%
Q2 25
-279.2%
-8.3%
Q1 25
-385.0%
18.5%
Q4 24
-840.5%
15.5%
Q3 24
-305.5%
14.2%
Q2 24
-386.6%
7.5%
Q1 24
-558.3%
17.3%
Net Margin
FHTX
FHTX
MIND
MIND
Q4 25
-234.3%
0.6%
Q3 25
-194.4%
14.2%
Q2 25
-237.3%
-12.3%
Q1 25
-316.4%
13.5%
Q4 24
-682.9%
10.7%
Q3 24
-244.9%
8.0%
Q2 24
-333.6%
9.9%
Q1 24
-495.4%
10.8%
EPS (diluted)
FHTX
FHTX
MIND
MIND
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
MIND
MIND
Cash + ST InvestmentsLiquidity on hand
$80.9M
$19.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-108.5M
$39.9M
Total Assets
$198.1M
$47.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
MIND
MIND
Q4 25
$80.9M
$19.4M
Q3 25
$89.3M
$7.8M
Q2 25
$72.6M
$9.2M
Q1 25
$61.0M
$5.3M
Q4 24
$55.5M
$3.5M
Q3 24
$57.7M
$1.9M
Q2 24
$138.9M
$924.0K
Q1 24
$79.3M
$5.3M
Stockholders' Equity
FHTX
FHTX
MIND
MIND
Q4 25
$-108.5M
$39.9M
Q3 25
$-89.7M
$28.8M
Q2 25
$-76.7M
$26.6M
Q1 25
$-61.7M
$27.3M
Q4 24
$-45.5M
$25.2M
Q3 24
$-28.3M
$24.5M
Q2 24
$-14.3M
$23.6M
Q1 24
$-97.5M
$22.6M
Total Assets
FHTX
FHTX
MIND
MIND
Q4 25
$198.1M
$47.3M
Q3 25
$205.0M
$35.8M
Q2 25
$226.2M
$36.2M
Q1 25
$258.7M
$36.7M
Q4 24
$284.0M
$36.1M
Q3 24
$308.4M
$37.8M
Q2 24
$328.6M
$34.9M
Q1 24
$255.0M
$33.5M

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
MIND
MIND
Operating Cash FlowLast quarter
$-22.3M
$894.0K
Free Cash FlowOCF − Capex
$801.0K
FCF MarginFCF / Revenue
8.3%
Capex IntensityCapex / Revenue
0.0%
1.0%
Cash ConversionOCF / Net Profit
14.42×
TTM Free Cash FlowTrailing 4 quarters
$5.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FHTX
FHTX
MIND
MIND
Q4 25
$-22.3M
$894.0K
Q3 25
$-18.9M
$-1.2M
Q2 25
$-21.0M
$4.1M
Q1 25
$-24.0M
$2.1M
Q4 24
$-24.5M
$2.3M
Q3 24
$-21.0M
$1.1M
Q2 24
$-25.5M
$-4.8M
Q1 24
$-29.3M
$657.0K
Free Cash Flow
FHTX
FHTX
MIND
MIND
Q4 25
$801.0K
Q3 25
$-1.3M
Q2 25
$-21.0M
$3.8M
Q1 25
$-24.0M
$1.8M
Q4 24
$-25.0M
$2.2M
Q3 24
$-21.3M
$978.0K
Q2 24
$-25.6M
$-4.8M
Q1 24
$-29.4M
$566.0K
FCF Margin
FHTX
FHTX
MIND
MIND
Q4 25
8.3%
Q3 25
-9.9%
Q2 25
-278.2%
48.5%
Q1 25
-403.2%
12.2%
Q4 24
-875.3%
18.3%
Q3 24
-273.0%
9.7%
Q2 24
-371.0%
-49.8%
Q1 24
-583.1%
4.2%
Capex Intensity
FHTX
FHTX
MIND
MIND
Q4 25
0.0%
1.0%
Q3 25
0.0%
1.3%
Q2 25
0.3%
3.0%
Q1 25
0.5%
1.5%
Q4 24
16.8%
0.6%
Q3 24
4.0%
0.8%
Q2 24
0.2%
0.7%
Q1 24
2.0%
0.7%
Cash Conversion
FHTX
FHTX
MIND
MIND
Q4 25
14.42×
Q3 25
-0.60×
Q2 25
Q1 25
1.01×
Q4 24
1.77×
Q3 24
1.33×
Q2 24
-4.98×
Q1 24
0.46×

Financial Flow Comparison

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

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