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Side-by-side financial comparison of Qudian Inc. (HTT) and NRX Pharmaceuticals, Inc. (NRXP). Click either name above to swap in a different company.

Qudian Inc. is the larger business by last-quarter revenue ($1.1M vs $983.0K, roughly 1.1× NRX Pharmaceuticals, Inc.). Qudian Inc. runs the higher net margin — 239.8% vs 36.7%, a 203.0% gap on every dollar of revenue.

Qudian Inc. is a China-based fintech service provider that mainly offers small consumer credit solutions, risk management technical services, and related digital financial products. Its core target users are young mass consumers across China, with all key business operations focused on the domestic Chinese market.

NRX Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative therapies for unmet medical needs in central nervous system disorders, including rare neuropsychiatric conditions. Its main target market is the U.S., with lead product candidates addressing severe mood and trauma-related disorders.

HTT vs NRXP — Head-to-Head

Bigger by revenue
HTT
HTT
1.1× larger
HTT
$1.1M
$983.0K
NRXP
Higher net margin
HTT
HTT
203.0% more per $
HTT
239.8%
36.7%
NRXP

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
HTT
HTT
NRXP
NRXP
Revenue
$1.1M
$983.0K
Net Profit
$2.6M
$361.0K
Gross Margin
11.1%
Operating Margin
-121.7%
Net Margin
239.8%
36.7%
Revenue YoY
Net Profit YoY
104.0%
EPS (diluted)
$0.01

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
HTT
HTT
NRXP
NRXP
Q4 25
$983.0K
Q3 25
$242.0K
Q2 25
$0
Q1 25
$0
Q3 24
$1.1M
$0
Q2 24
$1.0M
Q1 24
$1.1M
Q3 23
$559.9K
Net Profit
HTT
HTT
NRXP
NRXP
Q4 25
$361.0K
Q3 25
$-5.9M
Q2 25
$-17.6M
Q1 25
$-5.5M
Q3 24
$2.6M
$-1.6M
Q2 24
$1.9M
Q1 24
$-1.4M
Q3 23
$-3.4M
Gross Margin
HTT
HTT
NRXP
NRXP
Q4 25
Q3 25
59.9%
Q2 25
Q1 25
Q3 24
11.1%
Q2 24
13.3%
Q1 24
Q3 23
Operating Margin
HTT
HTT
NRXP
NRXP
Q4 25
Q3 25
-1662.8%
Q2 25
Q1 25
Q3 24
-121.7%
Q2 24
-107.6%
Q1 24
-129.9%
Q3 23
-340.6%
Net Margin
HTT
HTT
NRXP
NRXP
Q4 25
36.7%
Q3 25
-2433.9%
Q2 25
Q1 25
Q3 24
239.8%
Q2 24
187.1%
Q1 24
-131.8%
Q3 23
-612.3%
EPS (diluted)
HTT
HTT
NRXP
NRXP
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
$0.01
Q2 24
$0.01
Q1 24
$-0.01
Q3 23
$-0.02

Balance Sheet & Financial Strength

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

Metric
HTT
HTT
NRXP
NRXP
Cash + ST InvestmentsLiquidity on hand
$104.9M
$7.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$225.2M
$-15.9M
Total Assets
$246.8M
$13.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTT
HTT
NRXP
NRXP
Q4 25
$7.8M
Q3 25
$7.2M
Q2 25
$2.9M
Q1 25
$5.5M
Q3 24
$104.9M
$1.6M
Q2 24
$112.8M
Q1 24
$140.6M
Q3 23
$183.4M
Stockholders' Equity
HTT
HTT
NRXP
NRXP
Q4 25
$-15.9M
Q3 25
$-25.8M
Q2 25
$-35.6M
Q1 25
$-25.2M
Q3 24
$225.2M
$-18.8M
Q2 24
$217.5M
Q1 24
$218.9M
Q3 23
$226.0M
Total Assets
HTT
HTT
NRXP
NRXP
Q4 25
$13.0M
Q3 25
$15.0M
Q2 25
$4.8M
Q1 25
$7.6M
Q3 24
$246.8M
$4.5M
Q2 24
$227.9M
Q1 24
$234.9M
Q3 23
$239.4M

Cash Flow & Capital Efficiency

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

Metric
HTT
HTT
NRXP
NRXP
Operating Cash FlowLast quarter
$-3.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-10.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HTT
HTT
NRXP
NRXP
Q4 25
$-3.7M
Q3 25
$-2.9M
Q2 25
$-4.0M
Q1 25
$-3.5M
Q3 24
$-2.3M
Q2 24
Q1 24
Q3 23
Cash Conversion
HTT
HTT
NRXP
NRXP
Q4 25
-10.29×
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23

Financial Flow Comparison

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

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