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Side-by-side financial comparison of GRI Bio, Inc. (GRI) and Medicus Pharma Ltd. (MDCX). Click either name above to swap in a different company.

GRI Bio, Inc. is the larger business by last-quarter revenue ($16.0K vs $11.6K, roughly 1.4× Medicus Pharma Ltd.). GRI Bio, Inc. runs the higher net margin — -13437.5% vs -180917.3%, a 167479.8% gap on every dollar of revenue.

GRI Bio, Inc. is a clinical-stage biopharmaceutical firm developing innovative targeted therapies for autoimmune, inflammatory, and fibrotic diseases. Its product candidates address unmet medical needs, serving global healthcare markets to deliver improved outcomes for patients with underserved disease indications.

GRI vs MDCX — Head-to-Head

Bigger by revenue
GRI
GRI
1.4× larger
GRI
$16.0K
$11.6K
MDCX
Higher net margin
GRI
GRI
167479.8% more per $
GRI
-13437.5%
-180917.3%
MDCX

Income Statement — Q1 FY2023 vs Q3 FY2025

Metric
GRI
GRI
MDCX
MDCX
Revenue
$16.0K
$11.6K
Net Profit
$-2.1M
$-20.9M
Gross Margin
Operating Margin
-6175.0%
-0.1%
Net Margin
-13437.5%
-180917.3%
Revenue YoY
-79.2%
Net Profit YoY
-611.9%
-818.7%
EPS (diluted)
$-15.04
$-1.12

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
GRI
GRI
MDCX
MDCX
Q3 25
$11.6K
Q2 25
$40.0K
Q3 24
$55.5K
Q1 23
$16.0K
Q3 22
$2.0K
Q2 22
$-1.0K
Q1 22
$0
Net Profit
GRI
GRI
MDCX
MDCX
Q3 25
$-20.9M
Q2 25
$-6.2M
Q3 24
$-2.3M
Q1 23
$-2.1M
Q3 22
$-351.0K
Q2 22
$-295.0K
Q1 22
$-302.0K
Operating Margin
GRI
GRI
MDCX
MDCX
Q3 25
-0.1%
Q2 25
-15038.7%
Q3 24
-4204.8%
Q1 23
-6175.0%
Q3 22
-9300.0%
Q2 22
18900.0%
Q1 22
Net Margin
GRI
GRI
MDCX
MDCX
Q3 25
-180917.3%
Q2 25
-15438.7%
Q3 24
-4104.8%
Q1 23
-13437.5%
Q3 22
-17550.0%
Q2 22
29500.0%
Q1 22
EPS (diluted)
GRI
GRI
MDCX
MDCX
Q3 25
$-1.12
Q2 25
$-0.43
Q3 24
$-0.24
Q1 23
$-15.04
Q3 22
$-0.39
Q2 22
$-0.35
Q1 22
$-11.62

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GRI
GRI
MDCX
MDCX
Cash + ST InvestmentsLiquidity on hand
$1.7M
$8.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-3.2M
$-910.1K
Total Assets
$2.1M
$10.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRI
GRI
MDCX
MDCX
Q3 25
$8.7M
Q2 25
$9.7M
Q3 24
Q1 23
$1.7M
Q3 22
$4.7M
Q2 22
$5.2M
Q1 22
$2.5M
Stockholders' Equity
GRI
GRI
MDCX
MDCX
Q3 25
$-910.1K
Q2 25
$3.2M
Q3 24
$4.8M
Q1 23
$-3.2M
Q3 22
$-5.7M
Q2 22
$-5.4M
Q1 22
$-5.2M
Total Assets
GRI
GRI
MDCX
MDCX
Q3 25
$10.0M
Q2 25
$11.9M
Q3 24
Q1 23
$2.1M
Q3 22
$5.6M
Q2 22
$8.0M
Q1 22
$5.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GRI
GRI
MDCX
MDCX
Operating Cash FlowLast quarter
$-579.0K
$-6.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRI
GRI
MDCX
MDCX
Q3 25
$-6.8M
Q2 25
$-5.5M
Q3 24
Q1 23
$-579.0K
Q3 22
$-125.0K
Q2 22
$2.2M
Q1 22
$-2.3M
Capex Intensity
GRI
GRI
MDCX
MDCX
Q3 25
Q2 25
Q3 24
Q1 23
Q3 22
0.0%
Q2 22
Q1 22

Financial Flow Comparison

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

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