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Side-by-side financial comparison of Hoth Therapeutics, Inc. (HOTH) and HeartSciences Inc. (HSCS). Click either name above to swap in a different company.

Hoth Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on researching and developing targeted, novel therapies for unmet medical needs across dermatology, autoimmune diseases, and oncology indications. It primarily operates in the U.S. market, advancing multiple pipeline candidates aimed at improving patient outcomes for conditions with limited existing treatment options.

Meril Life Sciences is an Indian multinational medical device company, with headquarters in Vapi, Gujarat, India. It was founded in 2006 and is a part of the Bilakhia Group. The company is engaged in the manufacturing of vascular intervention devices, orthopedic implants, robotics, endosurgery, ENT products and in-vitro diagnostics. Meril Life Sciences operates in over 150 countries and has employed 10000 people, as of 2024.

HOTH vs HSCS — Head-to-Head

Bigger by revenue
HSCS
HSCS
Infinity× larger
HSCS
$2.4K
$0
HOTH

Income Statement — Q3 FY2024 vs Q2 FY2026

Metric
HOTH
HOTH
HSCS
HSCS
Revenue
$0
$2.4K
Net Profit
$-2.2M
$-2.4M
Gross Margin
58.3%
Operating Margin
-85713.2%
Net Margin
-97179.4%
Revenue YoY
Net Profit YoY
-2.4%
-12.9%
EPS (diluted)
$-0.32
$-0.85

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
HOTH
HOTH
HSCS
HSCS
Q4 25
$2.4K
Q3 25
$1.9K
Q1 25
$0
Q3 24
$0
Q1 24
$1.2B
$14.7K
Q4 23
$3.9K
Q2 23
$0
Q1 23
$1.9K
Net Profit
HOTH
HOTH
HSCS
HSCS
Q4 25
$-2.4M
Q3 25
$-2.1M
Q1 25
$-2.5M
Q3 24
$-2.2M
Q1 24
$-2.1M
$-1.6M
Q4 23
$-1.7M
Q2 23
$-1.6M
Q1 23
$-1.3M
Gross Margin
HOTH
HOTH
HSCS
HSCS
Q4 25
58.3%
Q3 25
60.0%
Q1 25
Q3 24
Q1 24
69.0%
Q4 23
61.0%
Q2 23
Q1 23
61.0%
Operating Margin
HOTH
HOTH
HSCS
HSCS
Q4 25
-85713.2%
Q3 25
-98637.8%
Q1 25
Q3 24
Q1 24
-0.2%
-10376.7%
Q4 23
-40254.9%
Q2 23
Q1 23
-67143.7%
Net Margin
HOTH
HOTH
HSCS
HSCS
Q4 25
-97179.4%
Q3 25
-108157.6%
Q1 25
Q3 24
Q1 24
-0.2%
-11182.4%
Q4 23
-44830.2%
Q2 23
Q1 23
-68826.4%
EPS (diluted)
HOTH
HOTH
HSCS
HSCS
Q4 25
$-0.85
Q3 25
$-1.58
Q1 25
$-2.57
Q3 24
$-0.32
Q1 24
$-0.49
$-3.01
Q4 23
$-15.92
Q2 23
$-79.34
Q1 23
$-0.16

Balance Sheet & Financial Strength

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

Metric
HOTH
HOTH
HSCS
HSCS
Cash + ST InvestmentsLiquidity on hand
$8.0M
$2.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.9M
$4.2M
Total Assets
$8.7M
$6.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HOTH
HOTH
HSCS
HSCS
Q4 25
$2.0M
Q3 25
$2.8M
Q1 25
$2.6M
Q3 24
$8.0M
Q1 24
$7.6M
$7.1M
Q4 23
$100.1K
Q2 23
$1.7M
Q1 23
$1.9M
Stockholders' Equity
HOTH
HOTH
HSCS
HSCS
Q4 25
$4.2M
Q3 25
$3.1M
Q1 25
$1.8M
Q3 24
$7.9M
Q1 24
$8.4M
$8.6M
Q4 23
$-1.6M
Q2 23
$230.6K
Q1 23
$-257.9K
Total Assets
HOTH
HOTH
HSCS
HSCS
Q4 25
$6.0M
Q3 25
$6.4M
Q1 25
$5.7M
Q3 24
$8.7M
Q1 24
$9.1M
$10.8M
Q4 23
$2.4M
Q2 23
$3.3M
Q1 23
$3.5M

Cash Flow & Capital Efficiency

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

Metric
HOTH
HOTH
HSCS
HSCS
Operating Cash FlowLast quarter
$-1.6M
$-2.3M
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
HOTH
HOTH
HSCS
HSCS
Q4 25
$-2.3M
Q3 25
$-2.0M
Q1 25
$-1.6M
Q3 24
$-1.6M
Q1 24
$-1.7M
$-2.1M
Q4 23
$-988.2K
Q2 23
$-1.9M
Q1 23
$-1.0M
Free Cash Flow
HOTH
HOTH
HSCS
HSCS
Q4 25
Q3 25
Q1 25
Q3 24
Q1 24
$-2.1M
Q4 23
$-990.1K
Q2 23
$-1.9M
Q1 23
$-1.0M
FCF Margin
HOTH
HOTH
HSCS
HSCS
Q4 25
Q3 25
Q1 25
Q3 24
Q1 24
-14352.1%
Q4 23
-25388.2%
Q2 23
Q1 23
-52486.8%
Capex Intensity
HOTH
HOTH
HSCS
HSCS
Q4 25
Q3 25
Q1 25
Q3 24
Q1 24
59.8%
Q4 23
50.1%
Q2 23
Q1 23
177.9%

Financial Flow Comparison

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

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