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Side-by-side financial comparison of GYRE THERAPEUTICS, INC. (GYRE) and TPG Mortgage Investment Trust, Inc. (MITT). Click either name above to swap in a different company.

GYRE THERAPEUTICS, INC. is the larger business by last-quarter revenue ($37.2M vs $20.4M, roughly 1.8× TPG Mortgage Investment Trust, Inc.). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs -3.7%, a 68.6% gap on every dollar of revenue. On growth, GYRE THERAPEUTICS, INC. posted the faster year-over-year revenue change (33.4% vs 17.7%). Over the past eight quarters, GYRE THERAPEUTICS, INC.'s revenue compounded faster (17.0% CAGR vs 9.1%).

GYRE Therapeutics, Inc. is a clinical-stage biopharmaceutical company dedicated to developing novel targeted therapies for hard-to-treat hematologic malignancies and solid tumors. It focuses on precision oncology to address unmet patient needs, with operations primarily based in North America.

TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.

GYRE vs MITT — Head-to-Head

Bigger by revenue
GYRE
GYRE
1.8× larger
GYRE
$37.2M
$20.4M
MITT
Growing faster (revenue YoY)
GYRE
GYRE
+15.8% gap
GYRE
33.4%
17.7%
MITT
Higher net margin
MITT
MITT
68.6% more per $
MITT
65.0%
-3.7%
GYRE
Faster 2-yr revenue CAGR
GYRE
GYRE
Annualised
GYRE
17.0%
9.1%
MITT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GYRE
GYRE
MITT
MITT
Revenue
$37.2M
$20.4M
Net Profit
$-1.4M
$13.3M
Gross Margin
95.3%
Operating Margin
0.3%
67.1%
Net Margin
-3.7%
65.0%
Revenue YoY
33.4%
17.7%
Net Profit YoY
-340.1%
-7.0%
EPS (diluted)
$-0.01
$0.27

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
GYRE
GYRE
MITT
MITT
Q4 25
$37.2M
$20.4M
Q3 25
$30.6M
$19.5M
Q2 25
$26.8M
$17.8M
Q1 25
$22.1M
$18.8M
Q4 24
$27.9M
$17.4M
Q3 24
$25.5M
$14.9M
Q2 24
$25.2M
$16.4M
Q1 24
$27.2M
$17.2M
Net Profit
GYRE
GYRE
MITT
MITT
Q4 25
$-1.4M
$13.3M
Q3 25
$5.9M
$20.0M
Q2 25
$1.6M
$3.9M
Q1 25
$3.7M
$11.5M
Q4 24
$569.0K
$14.3M
Q3 24
$2.9M
$16.6M
Q2 24
$4.5M
$3.9M
Q1 24
$9.9M
$20.9M
Gross Margin
GYRE
GYRE
MITT
MITT
Q4 25
95.3%
Q3 25
94.7%
Q2 25
95.7%
Q1 25
95.9%
Q4 24
95.8%
Q3 24
96.2%
Q2 24
96.9%
Q1 24
96.4%
Operating Margin
GYRE
GYRE
MITT
MITT
Q4 25
0.3%
67.1%
Q3 25
22.7%
Q2 25
8.1%
20.9%
Q1 25
10.3%
54.6%
Q4 24
2.4%
76.7%
Q3 24
16.6%
Q2 24
12.7%
18.4%
Q1 24
29.7%
Net Margin
GYRE
GYRE
MITT
MITT
Q4 25
-3.7%
65.0%
Q3 25
19.4%
102.5%
Q2 25
5.9%
22.2%
Q1 25
16.9%
60.9%
Q4 24
2.0%
82.2%
Q3 24
11.2%
111.3%
Q2 24
18.0%
24.0%
Q1 24
36.6%
121.6%
EPS (diluted)
GYRE
GYRE
MITT
MITT
Q4 25
$-0.01
$0.27
Q3 25
$0.03
$0.47
Q2 25
$0.00
$-0.05
Q1 25
$0.00
$0.21
Q4 24
$0.00
$0.30
Q3 24
$0.01
$0.40
Q2 24
$0.01
$-0.02
Q1 24
$0.03
$0.55

Balance Sheet & Financial Strength

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

Metric
GYRE
GYRE
MITT
MITT
Cash + ST InvestmentsLiquidity on hand
$52.4M
$57.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$106.0M
$560.7M
Total Assets
$166.1M
$8.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GYRE
GYRE
MITT
MITT
Q4 25
$52.4M
$57.8M
Q3 25
$60.0M
$59.0M
Q2 25
$54.4M
$88.7M
Q1 25
$29.9M
$115.5M
Q4 24
$26.7M
$118.7M
Q3 24
$25.1M
$102.5M
Q2 24
$25.1M
$120.9M
Q1 24
$37.4M
$100.3M
Stockholders' Equity
GYRE
GYRE
MITT
MITT
Q4 25
$106.0M
$560.7M
Q3 25
$101.9M
$559.8M
Q2 25
$92.0M
$536.4M
Q1 25
$68.1M
$543.9M
Q4 24
$63.3M
$543.4M
Q3 24
$63.2M
$540.1M
Q2 24
$60.4M
$533.5M
Q1 24
$56.6M
$539.6M
Total Assets
GYRE
GYRE
MITT
MITT
Q4 25
$166.1M
$8.7B
Q3 25
$159.4M
$9.0B
Q2 25
$152.6M
$7.5B
Q1 25
$129.8M
$7.3B
Q4 24
$125.4M
$6.9B
Q3 24
$125.2M
$7.0B
Q2 24
$120.9M
$7.1B
Q1 24
$122.0M
$6.4B

Cash Flow & Capital Efficiency

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

Metric
GYRE
GYRE
MITT
MITT
Operating Cash FlowLast quarter
$-5.6M
$59.6M
Free Cash FlowOCF − Capex
$-5.8M
FCF MarginFCF / Revenue
-15.5%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
4.48×
TTM Free Cash FlowTrailing 4 quarters
$-180.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GYRE
GYRE
MITT
MITT
Q4 25
$-5.6M
$59.6M
Q3 25
$4.7M
$17.4M
Q2 25
$2.1M
$11.5M
Q1 25
$-129.0K
$12.0M
Q4 24
$-2.8M
$55.8M
Q3 24
$1.7M
$14.5M
Q2 24
$-5.5M
$13.7M
Q1 24
$2.9M
$12.0M
Free Cash Flow
GYRE
GYRE
MITT
MITT
Q4 25
$-5.8M
Q3 25
$4.0M
Q2 25
$1.8M
Q1 25
$-251.0K
Q4 24
$-2.8M
Q3 24
$1.0M
Q2 24
$-6.9M
Q1 24
$2.7M
FCF Margin
GYRE
GYRE
MITT
MITT
Q4 25
-15.5%
Q3 25
13.1%
Q2 25
6.8%
Q1 25
-1.1%
Q4 24
-10.1%
Q3 24
4.1%
Q2 24
-27.5%
Q1 24
9.8%
Capex Intensity
GYRE
GYRE
MITT
MITT
Q4 25
0.4%
Q3 25
2.2%
Q2 25
1.0%
Q1 25
0.6%
Q4 24
0.2%
Q3 24
2.7%
Q2 24
5.8%
Q1 24
0.9%
Cash Conversion
GYRE
GYRE
MITT
MITT
Q4 25
4.48×
Q3 25
0.79×
0.87×
Q2 25
1.32×
2.92×
Q1 25
-0.03×
1.05×
Q4 24
-4.85×
3.91×
Q3 24
0.60×
0.87×
Q2 24
-1.21×
3.50×
Q1 24
0.29×
0.57×

Financial Flow Comparison

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

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