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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and Satellogic Inc. (SATL). Click either name above to swap in a different company.
Foghorn Therapeutics Inc. is the larger business by last-quarter revenue ($9.2M vs $6.2M, roughly 1.5× Satellogic Inc.). Satellogic Inc. runs the higher net margin — 488.0% vs -234.3%, a 722.2% 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.
Satellogic Inc. is an American company specializing in Earth-observation satellites, founded in 2010 by Emiliano Kargieman and Gerardo Richarte.
FHTX vs SATL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.2M | $6.2M |
| Net Profit | $-21.7M | $30.5M |
| Gross Margin | — | — |
| Operating Margin | -258.2% | -114.2% |
| Net Margin | -234.3% | 488.0% |
| Revenue YoY | 223.8% | — |
| Net Profit YoY | -11.1% | — |
| EPS (diluted) | $-0.35 | $0.24 |
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 | $6.2M | ||
| Q3 25 | $8.2M | $3.6M | ||
| Q2 25 | $7.6M | $4.4M | ||
| Q1 25 | $6.0M | $3.4M | ||
| Q4 24 | $2.9M | — | ||
| Q3 24 | $7.8M | — | ||
| Q2 24 | $6.9M | $3.5M | ||
| Q1 24 | $5.0M | — |
| Q4 25 | $-21.7M | $30.5M | ||
| Q3 25 | $-15.8M | $4.0M | ||
| Q2 25 | $-17.9M | $-6.7M | ||
| Q1 25 | $-18.8M | $-32.6M | ||
| Q4 24 | $-19.5M | — | ||
| Q3 24 | $-19.1M | — | ||
| Q2 24 | $-23.0M | $-18.1M | ||
| Q1 24 | $-25.0M | — |
| Q4 25 | -258.2% | -114.2% | ||
| Q3 25 | -226.9% | -222.5% | ||
| Q2 25 | -279.2% | -141.6% | ||
| Q1 25 | -385.0% | -280.9% | ||
| Q4 24 | -840.5% | — | ||
| Q3 24 | -305.5% | — | ||
| Q2 24 | -386.6% | -419.2% | ||
| Q1 24 | -558.3% | — |
| Q4 25 | -234.3% | 488.0% | ||
| Q3 25 | -194.4% | 109.2% | ||
| Q2 25 | -237.3% | -149.8% | ||
| Q1 25 | -316.4% | -961.9% | ||
| Q4 24 | -682.9% | — | ||
| Q3 24 | -244.9% | — | ||
| Q2 24 | -333.6% | -517.0% | ||
| Q1 24 | -495.4% | — |
| Q4 25 | $-0.35 | $0.24 | ||
| Q3 25 | $-0.25 | $-0.02 | ||
| Q2 25 | $-0.28 | $-0.06 | ||
| Q1 25 | $-0.30 | $-0.34 | ||
| Q4 24 | $-0.23 | — | ||
| Q3 24 | $-0.31 | — | ||
| Q2 24 | $-0.45 | $-0.20 | ||
| Q1 24 | $-0.59 | — |
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 | $94.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-108.5M | $60.5M |
| Total Assets | $198.1M | $151.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.9M | $94.4M | ||
| Q3 25 | $89.3M | $28.3M | ||
| Q2 25 | $72.6M | $32.6M | ||
| Q1 25 | $61.0M | $17.7M | ||
| Q4 24 | $55.5M | — | ||
| Q3 24 | $57.7M | — | ||
| Q2 24 | $138.9M | $25.6M | ||
| Q1 24 | $79.3M | — |
| Q4 25 | $-108.5M | $60.5M | ||
| Q3 25 | $-89.7M | $-56.9M | ||
| Q2 25 | $-76.7M | $-68.1M | ||
| Q1 25 | $-61.7M | $-83.1M | ||
| Q4 24 | $-45.5M | — | ||
| Q3 24 | $-28.3M | — | ||
| Q2 24 | $-14.3M | $19.1M | ||
| Q1 24 | $-97.5M | — |
| Q4 25 | $198.1M | $151.3M | ||
| Q3 25 | $205.0M | $70.9M | ||
| Q2 25 | $226.2M | $73.8M | ||
| Q1 25 | $258.7M | $61.4M | ||
| Q4 24 | $284.0M | — | ||
| Q3 24 | $308.4M | — | ||
| Q2 24 | $328.6M | $76.6M | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-22.3M | $-9.5M |
| Free Cash FlowOCF − Capex | — | $-12.8M |
| FCF MarginFCF / Revenue | — | -204.9% |
| Capex IntensityCapex / Revenue | 0.0% | 53.6% |
| Cash ConversionOCF / Net Profit | — | -0.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-22.3M | $-9.5M | ||
| Q3 25 | $-18.9M | $-8.4M | ||
| Q2 25 | $-21.0M | $-4.3M | ||
| Q1 25 | $-24.0M | $-4.7M | ||
| Q4 24 | $-24.5M | — | ||
| Q3 24 | $-21.0M | — | ||
| Q2 24 | $-25.5M | — | ||
| Q1 24 | $-29.3M | — |
| Q4 25 | — | $-12.8M | ||
| Q3 25 | — | $-9.7M | ||
| Q2 25 | $-21.0M | $-5.1M | ||
| Q1 25 | $-24.0M | $-6.6M | ||
| Q4 24 | $-25.0M | — | ||
| Q3 24 | $-21.3M | — | ||
| Q2 24 | $-25.6M | — | ||
| Q1 24 | $-29.4M | — |
| Q4 25 | — | -204.9% | ||
| Q3 25 | — | -267.2% | ||
| Q2 25 | -278.2% | -115.3% | ||
| Q1 25 | -403.2% | -195.9% | ||
| Q4 24 | -875.3% | — | ||
| Q3 24 | -273.0% | — | ||
| Q2 24 | -371.0% | — | ||
| Q1 24 | -583.1% | — |
| Q4 25 | 0.0% | 53.6% | ||
| Q3 25 | 0.0% | 36.8% | ||
| Q2 25 | 0.3% | 17.5% | ||
| Q1 25 | 0.5% | 56.5% | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 4.0% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 2.0% | — |
| Q4 25 | — | -0.31× | ||
| Q3 25 | — | -2.11× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHTX
Segment breakdown not available.
SATL
| Transferred At Point In Time | $5.7M | 91% |
| Other | $547.0K | 9% |
