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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and PURE CYCLE CORP (PCYO). Click either name above to swap in a different company.
Foghorn Therapeutics Inc. is the larger business by last-quarter revenue ($9.2M vs $9.1M, roughly 1.0× PURE CYCLE CORP). PURE CYCLE CORP runs the higher net margin — 50.0% vs -234.3%, a 284.3% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs 58.8%). Over the past eight quarters, PURE CYCLE CORP's revenue compounded faster (69.0% CAGR vs 35.3%).
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.
Pure Cycles, is a bicycle company based in Los Angeles, California that was founded by Michael Fishman, Jordan Schau, Zachary Schau and Austin Stoffers in 2010, as Pure Fix Cycles.
FHTX vs PCYO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.2M | $9.1M |
| Net Profit | $-21.7M | $4.6M |
| Gross Margin | — | 68.4% |
| Operating Margin | -258.2% | 48.0% |
| Net Margin | -234.3% | 50.0% |
| Revenue YoY | 223.8% | 58.8% |
| Net Profit YoY | -11.1% | 16.0% |
| EPS (diluted) | $-0.35 | $0.19 |
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 | $9.2M | $9.1M | ||
| Q3 25 | $8.2M | $11.2M | ||
| Q2 25 | $7.6M | $5.1M | ||
| Q1 25 | $6.0M | $4.0M | ||
| Q4 24 | $2.9M | $5.8M | ||
| Q3 24 | $7.8M | $12.6M | ||
| Q2 24 | $6.9M | $7.6M | ||
| Q1 24 | $5.0M | $3.2M |
| Q4 25 | $-21.7M | $4.6M | ||
| Q3 25 | $-15.8M | $6.1M | ||
| Q2 25 | $-17.9M | $2.3M | ||
| Q1 25 | $-18.8M | $809.0K | ||
| Q4 24 | $-19.5M | $3.9M | ||
| Q3 24 | $-19.1M | $6.6M | ||
| Q2 24 | $-23.0M | $2.8M | ||
| Q1 24 | $-25.0M | $118.0K |
| Q4 25 | — | 68.4% | ||
| Q3 25 | — | 67.7% | ||
| Q2 25 | — | 63.4% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 63.8% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 64.0% | ||
| Q1 24 | — | 55.6% |
| Q4 25 | -258.2% | 48.0% | ||
| Q3 25 | -226.9% | 53.1% | ||
| Q2 25 | -279.2% | 26.0% | ||
| Q1 25 | -385.0% | -33.2% | ||
| Q4 24 | -840.5% | 29.9% | ||
| Q3 24 | -305.5% | 62.0% | ||
| Q2 24 | -386.6% | 40.3% | ||
| Q1 24 | -558.3% | -11.5% |
| Q4 25 | -234.3% | 50.0% | ||
| Q3 25 | -194.4% | 54.5% | ||
| Q2 25 | -237.3% | 43.9% | ||
| Q1 25 | -316.4% | 20.3% | ||
| Q4 24 | -682.9% | 68.4% | ||
| Q3 24 | -244.9% | 52.6% | ||
| Q2 24 | -333.6% | 37.2% | ||
| Q1 24 | -495.4% | 3.7% |
| Q4 25 | $-0.35 | $0.19 | ||
| Q3 25 | $-0.25 | $0.26 | ||
| Q2 25 | $-0.28 | $0.09 | ||
| Q1 25 | $-0.30 | $0.03 | ||
| Q4 24 | $-0.23 | $0.16 | ||
| Q3 24 | $-0.31 | $0.27 | ||
| Q2 24 | $-0.45 | $0.12 | ||
| Q1 24 | $-0.59 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $80.9M | $17.1M |
| Total DebtLower is stronger | — | $8.0M |
| Stockholders' EquityBook value | $-108.5M | $147.5M |
| Total Assets | $198.1M | $168.1M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.9M | $17.1M | ||
| Q3 25 | $89.3M | $21.9M | ||
| Q2 25 | $72.6M | $14.4M | ||
| Q1 25 | $61.0M | $16.5M | ||
| Q4 24 | $55.5M | $19.0M | ||
| Q3 24 | $57.7M | $22.1M | ||
| Q2 24 | $138.9M | $20.5M | ||
| Q1 24 | $79.3M | $20.6M |
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $6.8M | ||
| Q2 25 | — | $6.9M | ||
| Q1 25 | — | $6.9M | ||
| Q4 24 | — | $6.9M | ||
| Q3 24 | — | $6.9M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-108.5M | $147.5M | ||
| Q3 25 | $-89.7M | $142.7M | ||
| Q2 25 | $-76.7M | $136.7M | ||
| Q1 25 | $-61.7M | $134.4M | ||
| Q4 24 | $-45.5M | $133.6M | ||
| Q3 24 | $-28.3M | $129.7M | ||
| Q2 24 | $-14.3M | $123.2M | ||
| Q1 24 | $-97.5M | $120.4M |
| Q4 25 | $198.1M | $168.1M | ||
| Q3 25 | $205.0M | $162.3M | ||
| Q2 25 | $226.2M | $151.7M | ||
| Q1 25 | $258.7M | $149.7M | ||
| Q4 24 | $284.0M | $149.7M | ||
| Q3 24 | $308.4M | $147.4M | ||
| Q2 24 | $328.6M | $140.4M | ||
| Q1 24 | $255.0M | $135.2M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-22.3M | $-979.0K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | -0.21× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-22.3M | $-979.0K | ||
| Q3 25 | $-18.9M | $9.4M | ||
| Q2 25 | $-21.0M | $-503.0K | ||
| Q1 25 | $-24.0M | $-1.4M | ||
| Q4 24 | $-24.5M | $5.7M | ||
| Q3 24 | $-21.0M | $3.1M | ||
| Q2 24 | $-25.5M | $892.0K | ||
| Q1 24 | $-29.3M | $-457.0K |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | -0.21× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | — | -0.22× | ||
| Q1 25 | — | -1.70× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | -3.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHTX
Segment breakdown not available.
PCYO
| Construction | $6.5M | 71% |
| Water And Wastewater Resource Development Segment | $2.5M | 27% |
