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Side-by-side financial comparison of Vyome Holdings, Inc (HIND) and Pineapple Financial Inc. (PAPL). Click either name above to swap in a different company.

Vyome Holdings, Inc is the larger business by last-quarter revenue ($1.2M vs $707.3K, roughly 1.8× Pineapple Financial Inc.). Vyome Holdings, Inc runs the higher net margin — -211.8% vs -2756.2%, a 2544.4% gap on every dollar of revenue. On growth, Pineapple Financial Inc. posted the faster year-over-year revenue change (-4.8% vs -36.8%). Over the past eight quarters, Pineapple Financial Inc.'s revenue compounded faster (-2.0% CAGR vs -24.1%).

Vyome Holdings, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative therapeutic solutions for a range of dermatological conditions. Its product pipeline targets unmet medical needs related to acne, atopic dermatitis, and chronic fungal infections, with primary operations and market presence across North America and South Asia.

HIND vs PAPL — Head-to-Head

Bigger by revenue
HIND
HIND
1.8× larger
HIND
$1.2M
$707.3K
PAPL
Growing faster (revenue YoY)
PAPL
PAPL
+32.0% gap
PAPL
-4.8%
-36.8%
HIND
Higher net margin
HIND
HIND
2544.4% more per $
HIND
-211.8%
-2756.2%
PAPL
Faster 2-yr revenue CAGR
PAPL
PAPL
Annualised
PAPL
-2.0%
-24.1%
HIND

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
HIND
HIND
PAPL
PAPL
Revenue
$1.2M
$707.3K
Net Profit
$-2.6M
$-19.5M
Gross Margin
48.2%
48.9%
Operating Margin
-222.4%
-2518.8%
Net Margin
-211.8%
-2756.2%
Revenue YoY
-36.8%
-4.8%
Net Profit YoY
-64.9%
-3174.1%
EPS (diluted)
$-2.25
$-1.21

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
HIND
HIND
PAPL
PAPL
Q1 26
$707.3K
Q4 25
$721.7K
Q3 25
$730.5K
Q2 25
$1.2M
$746.9K
Q1 25
$1.1M
$743.3K
Q4 24
$1.8M
$766.1K
Q3 24
$2.3M
$598.3K
Q2 24
$2.0M
$736.4K
Net Profit
HIND
HIND
PAPL
PAPL
Q1 26
$-19.5M
Q4 25
$-6.4M
Q3 25
$-1.8M
Q2 25
$-2.6M
$-557.7K
Q1 25
$1.5M
$-595.4K
Q4 24
$2.9M
$-656.9K
Q3 24
$-547.8K
$-1.7M
Q2 24
$-1.6M
$-848.6K
Gross Margin
HIND
HIND
PAPL
PAPL
Q1 26
48.9%
Q4 25
49.6%
Q3 25
27.8%
Q2 25
48.2%
67.6%
Q1 25
61.2%
43.4%
Q4 24
-118.6%
45.9%
Q3 24
1.6%
43.2%
Q2 24
57.7%
44.2%
Operating Margin
HIND
HIND
PAPL
PAPL
Q1 26
-2518.8%
Q4 25
-909.1%
Q3 25
-131.3%
Q2 25
-222.4%
-93.3%
Q1 25
-198.2%
-80.6%
Q4 24
-90.5%
Q3 24
-12.3%
-232.8%
Q2 24
-104.5%
-121.7%
Net Margin
HIND
HIND
PAPL
PAPL
Q1 26
-2756.2%
Q4 25
-891.6%
Q3 25
-250.3%
Q2 25
-211.8%
-74.7%
Q1 25
132.4%
-80.1%
Q4 24
160.0%
-85.7%
Q3 24
-23.9%
-283.9%
Q2 24
-81.2%
-115.2%
EPS (diluted)
HIND
HIND
PAPL
PAPL
Q1 26
$-1.21
Q4 25
$-4.79
Q3 25
$-0.93
Q2 25
$-2.25
$-0.05
Q1 25
$18.98
$-1.73
Q4 24
$-4355.36
$-2.60
Q3 24
$-1419.10
$-11.10
Q2 24
$-91.56
$-0.12

Balance Sheet & Financial Strength

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

Metric
HIND
HIND
PAPL
PAPL
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$-5.0M
$27.1M
Total Assets
$48.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIND
HIND
PAPL
PAPL
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
$2.5M
Q4 24
$101.9K
Q3 24
$743.0K
Q2 24
$12.0K
Stockholders' Equity
HIND
HIND
PAPL
PAPL
Q1 26
$27.1M
Q4 25
$-5.5M
Q3 25
$906.7K
Q2 25
$-5.0M
$842.6K
Q1 25
$1.2M
$739.7K
Q4 24
$-4.4M
$1.3M
Q3 24
$1.5M
$1.3M
Q2 24
$-4.0M
$2.0M
Total Assets
HIND
HIND
PAPL
PAPL
Q1 26
$48.9M
Q4 25
$10.6M
Q3 25
$5.4M
Q2 25
$4.7M
Q1 25
$6.5M
$4.0M
Q4 24
$1.4M
$4.1M
Q3 24
$1.3M
$4.1M
Q2 24
$-614.0K
$4.3M

Cash Flow & Capital Efficiency

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

Metric
HIND
HIND
PAPL
PAPL
Operating Cash FlowLast quarter
$-3.3M
Free Cash FlowOCF − Capex
$-3.3M
FCF MarginFCF / Revenue
-462.7%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIND
HIND
PAPL
PAPL
Q1 26
$-3.3M
Q4 25
$-489.7K
Q3 25
$-507.6K
Q2 25
$397.0K
Q1 25
$-2.1M
$-172.6K
Q4 24
$-663.6K
Q3 24
$1.5M
$-264.7K
Q2 24
$123.0K
Free Cash Flow
HIND
HIND
PAPL
PAPL
Q1 26
$-3.3M
Q4 25
$-491.7K
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-264.7K
Q2 24
$122.7K
FCF Margin
HIND
HIND
PAPL
PAPL
Q1 26
-462.7%
Q4 25
-68.1%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-44.2%
Q2 24
16.7%
Capex Intensity
HIND
HIND
PAPL
PAPL
Q1 26
0.0%
Q4 25
0.3%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
HIND
HIND
PAPL
PAPL
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
-1.44×
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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