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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and Vanda Pharmaceuticals Inc. (VNDA). Click either name above to swap in a different company.
GCL Global Holdings Ltd is the larger business by last-quarter revenue ($98.7M vs $57.2M, roughly 1.7× Vanda Pharmaceuticals Inc.). GCL Global Holdings Ltd runs the higher net margin — -5.2% vs -246.8%, a 241.6% gap on every dollar of revenue. GCL Global Holdings Ltd produced more free cash flow last quarter ($-5.2M vs $-29.5M).
GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.
Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on developing and commercializing innovative therapies for central nervous system disorders. Its key marketed products cover indications including sleep-wake cycle disturbances and schizophrenia, with core operations and primary sales markets concentrated in North America, catering to patient groups with significant unmet medical needs.
GCL vs VNDA — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $98.7M | $57.2M |
| Net Profit | $-5.1M | $-141.2M |
| Gross Margin | 11.0% | — |
| Operating Margin | -6.7% | -70.5% |
| Net Margin | -5.2% | -246.8% |
| Revenue YoY | — | 7.6% |
| Net Profit YoY | — | -2774.3% |
| EPS (diluted) | $-0.04 | $-2.40 |
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 | — | $57.2M | ||
| Q3 25 | $98.7M | $56.3M | ||
| Q2 25 | $142.1M | $52.6M | ||
| Q1 25 | — | $50.0M | ||
| Q4 24 | — | $53.2M | ||
| Q3 24 | $36.1M | $47.7M | ||
| Q2 24 | — | $50.5M | ||
| Q1 24 | — | $47.5M |
| Q4 25 | — | $-141.2M | ||
| Q3 25 | $-5.1M | $-22.6M | ||
| Q2 25 | $5.6M | $-27.2M | ||
| Q1 25 | — | $-29.5M | ||
| Q4 24 | — | $-4.9M | ||
| Q3 24 | $-1.9M | $-5.3M | ||
| Q2 24 | — | $-4.5M | ||
| Q1 24 | — | $-4.1M |
| Q4 25 | — | — | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -70.5% | ||
| Q3 25 | -6.7% | -55.6% | ||
| Q2 25 | 2.3% | -73.2% | ||
| Q1 25 | — | -82.0% | ||
| Q4 24 | — | -19.3% | ||
| Q3 24 | -5.6% | -23.1% | ||
| Q2 24 | — | -20.1% | ||
| Q1 24 | — | -19.5% |
| Q4 25 | — | -246.8% | ||
| Q3 25 | -5.2% | -40.1% | ||
| Q2 25 | 3.9% | -51.7% | ||
| Q1 25 | — | -58.9% | ||
| Q4 24 | — | -9.2% | ||
| Q3 24 | -5.2% | -11.2% | ||
| Q2 24 | — | -9.0% | ||
| Q1 24 | — | -8.7% |
| Q4 25 | — | $-2.40 | ||
| Q3 25 | $-0.04 | $-0.38 | ||
| Q2 25 | $0.05 | $-0.46 | ||
| Q1 25 | — | $-0.50 | ||
| Q4 24 | — | $-0.09 | ||
| Q3 24 | — | $-0.09 | ||
| Q2 24 | — | $-0.08 | ||
| Q1 24 | — | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.6M | $84.9M |
| Total DebtLower is stronger | $52.0M | — |
| Stockholders' EquityBook value | $33.1M | $327.2M |
| Total Assets | $159.9M | $488.9M |
| Debt / EquityLower = less leverage | 1.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $84.9M | ||
| Q3 25 | $16.6M | $70.0M | ||
| Q2 25 | $18.2M | $81.0M | ||
| Q1 25 | — | $111.8M | ||
| Q4 24 | — | $102.3M | ||
| Q3 24 | $2.7M | $100.5M | ||
| Q2 24 | — | $103.0M | ||
| Q1 24 | — | $125.2M |
| Q4 25 | — | — | ||
| Q3 25 | $52.0M | — | ||
| Q2 25 | $11.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $327.2M | ||
| Q3 25 | $33.1M | $466.0M | ||
| Q2 25 | $35.9M | $486.3M | ||
| Q1 25 | — | $511.4M | ||
| Q4 24 | — | $538.5M | ||
| Q3 24 | $15.9M | $541.2M | ||
| Q2 24 | — | $542.5M | ||
| Q1 24 | — | $544.0M |
| Q4 25 | — | $488.9M | ||
| Q3 25 | $159.9M | $601.1M | ||
| Q2 25 | $101.6M | $624.7M | ||
| Q1 25 | — | $631.9M | ||
| Q4 24 | — | $656.2M | ||
| Q3 24 | $49.6M | $645.1M | ||
| Q2 24 | — | $651.4M | ||
| Q1 24 | — | $652.7M |
| Q4 25 | — | — | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | $-4.8M | $-29.4M |
| Free Cash FlowOCF − Capex | $-5.2M | $-29.5M |
| FCF MarginFCF / Revenue | -5.3% | -51.6% |
| Capex IntensityCapex / Revenue | 0.4% | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-110.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-29.4M | ||
| Q3 25 | $-4.8M | $-31.6M | ||
| Q2 25 | $-10.3M | $-15.3M | ||
| Q1 25 | — | $-33.1M | ||
| Q4 24 | — | $-1.8M | ||
| Q3 24 | $6.1M | $-14.6M | ||
| Q2 24 | — | $-6.9M | ||
| Q1 24 | — | $7.6M |
| Q4 25 | — | $-29.5M | ||
| Q3 25 | $-5.2M | $-31.8M | ||
| Q2 25 | $-10.5M | $-15.6M | ||
| Q1 25 | — | $-33.6M | ||
| Q4 24 | — | $-2.0M | ||
| Q3 24 | — | $-14.7M | ||
| Q2 24 | — | $-7.0M | ||
| Q1 24 | — | $7.6M |
| Q4 25 | — | -51.6% | ||
| Q3 25 | -5.3% | -56.5% | ||
| Q2 25 | -7.4% | -29.6% | ||
| Q1 25 | — | -67.1% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | — | -30.9% | ||
| Q2 24 | — | -13.9% | ||
| Q1 24 | — | 15.9% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | 0.4% | 0.3% | ||
| Q2 25 | 0.1% | 0.6% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -1.84× | — | ||
| 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
GCL
Segment breakdown not available.
VNDA
| Fanapt | $33.2M | 58% |
| Hetlioz | $16.4M | 29% |
| PONVORY | $7.6M | 13% |
