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Side-by-side financial comparison of HWH International Inc. (HWH) and Keros Therapeutics, Inc. (KROS). Click either name above to swap in a different company.

Keros Therapeutics, Inc. is the larger business by last-quarter revenue ($385.0K vs $206.8K, roughly 1.9× HWH International Inc.). On growth, HWH International Inc. posted the faster year-over-year revenue change (-40.2% vs -87.3%). Keros Therapeutics, Inc. produced more free cash flow last quarter ($106.0M vs $-217.9K).

HWH International Inc operates in the global luxury hospitality and lifestyle services industry, providing premium travel membership programs, curated high-end travel experiences, and exclusive access to luxury resorts, fine dining venues, and premium leisure facilities. Its key markets include North America, Asia Pacific, and Europe, serving high-net-worth individuals and corporate clients.

Keros Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing novel targeted therapies for hematological disorders, musculoskeletal diseases and anemia, serving underserved patient groups with unmet medical needs from its core U.S. base.

HWH vs KROS — Head-to-Head

Bigger by revenue
KROS
KROS
1.9× larger
KROS
$385.0K
$206.8K
HWH
Growing faster (revenue YoY)
HWH
HWH
+47.2% gap
HWH
-40.2%
-87.3%
KROS
More free cash flow
KROS
KROS
$106.2M more FCF
KROS
$106.0M
$-217.9K
HWH

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
HWH
HWH
KROS
KROS
Revenue
$206.8K
$385.0K
Net Profit
$-291.0K
Gross Margin
59.8%
Operating Margin
-142.7%
Net Margin
-140.7%
Revenue YoY
-40.2%
-87.3%
Net Profit YoY
46.9%
49.0%
EPS (diluted)

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
HWH
HWH
KROS
KROS
Q4 25
$385.0K
Q3 25
$206.8K
$14.3M
Q2 25
$310.4K
$18.2M
Q1 25
$211.2M
Q4 24
$287.1K
Q3 24
$345.5K
$388.0K
Q2 24
$334.9K
$37.0K
Q1 24
$286.1K
$83.0K
Net Profit
HWH
HWH
KROS
KROS
Q4 25
Q3 25
$-291.0K
$-7.3M
Q2 25
$83.4K
$-30.7M
Q1 25
$148.5M
Q4 24
$-476.7K
Q3 24
$-548.5K
$-53.0M
Q2 24
$-387.9K
$-45.3M
Q1 24
$-1.3M
$-43.1M
Gross Margin
HWH
HWH
KROS
KROS
Q4 25
Q3 25
59.8%
Q2 25
48.0%
Q1 25
Q4 24
39.6%
Q3 24
46.3%
Q2 24
49.2%
Q1 24
57.1%
Operating Margin
HWH
HWH
KROS
KROS
Q4 25
Q3 25
-142.7%
-107.9%
Q2 25
24.5%
-219.2%
Q1 25
72.0%
Q4 24
-170.2%
Q3 24
-155.5%
-15117.8%
Q2 24
-120.5%
-136321.6%
Q1 24
-467.1%
-58413.3%
Net Margin
HWH
HWH
KROS
KROS
Q4 25
Q3 25
-140.7%
-51.0%
Q2 25
26.9%
-169.0%
Q1 25
70.3%
Q4 24
-166.1%
Q3 24
-158.7%
-13648.5%
Q2 24
-115.8%
-122316.2%
Q1 24
-467.2%
-51944.6%
EPS (diluted)
HWH
HWH
KROS
KROS
Q4 25
Q3 25
$-0.18
Q2 25
$-0.76
Q1 25
$3.62
Q4 24
Q3 24
$-1.41
Q2 24
$-1.25
Q1 24
$-1.21

Balance Sheet & Financial Strength

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

Metric
HWH
HWH
KROS
KROS
Cash + ST InvestmentsLiquidity on hand
$2.9M
$287.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.8M
$303.1M
Total Assets
$5.2M
$338.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWH
HWH
KROS
KROS
Q4 25
$287.4M
Q3 25
$2.9M
$693.5M
Q2 25
$3.7M
$690.2M
Q1 25
$720.5M
Q4 24
$4.4M
Q3 24
$836.3K
$530.7M
Q2 24
$958.9K
$405.9M
Q1 24
$1.1M
$442.4M
Stockholders' Equity
HWH
HWH
KROS
KROS
Q4 25
$303.1M
Q3 25
$2.8M
$703.6M
Q2 25
$3.2M
$706.7M
Q1 25
$728.9M
Q4 24
$2.8M
Q3 24
$-374.9K
$532.8M
Q2 24
$-3.6M
$420.9M
Q1 24
$-3.1M
$453.9M
Total Assets
HWH
HWH
KROS
KROS
Q4 25
$338.0M
Q3 25
$5.2M
$742.8M
Q2 25
$10.6M
$757.2M
Q1 25
$784.6M
Q4 24
$6.4M
Q3 24
$2.9M
$579.3M
Q2 24
$3.1M
$455.0M
Q1 24
$2.6M
$485.8M

Cash Flow & Capital Efficiency

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

Metric
HWH
HWH
KROS
KROS
Operating Cash FlowLast quarter
$-199.9K
$107.5M
Free Cash FlowOCF − Capex
$-217.9K
$106.0M
FCF MarginFCF / Revenue
-105.4%
27520.5%
Capex IntensityCapex / Revenue
8.7%
402.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$239.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWH
HWH
KROS
KROS
Q4 25
$107.5M
Q3 25
$-199.9K
$3.2M
Q2 25
$26.9K
$-29.6M
Q1 25
$161.2M
Q4 24
$-415.2K
Q3 24
$-275.0K
$-30.5M
Q2 24
$-490.8K
$-39.8M
Q1 24
$-638.2K
$-44.6M
Free Cash Flow
HWH
HWH
KROS
KROS
Q4 25
$106.0M
Q3 25
$-217.9K
$3.1M
Q2 25
$-30.3M
Q1 25
$160.6M
Q4 24
$-415.5K
Q3 24
$-277.1K
$-30.9M
Q2 24
$-516.8K
$-40.1M
Q1 24
$-640.3K
$-45.5M
FCF Margin
HWH
HWH
KROS
KROS
Q4 25
27520.5%
Q3 25
-105.4%
21.9%
Q2 25
-167.0%
Q1 25
76.0%
Q4 24
-144.7%
Q3 24
-80.2%
-7960.3%
Q2 24
-154.3%
-108408.1%
Q1 24
-223.8%
-54826.5%
Capex Intensity
HWH
HWH
KROS
KROS
Q4 25
402.9%
Q3 25
8.7%
0.9%
Q2 25
4.0%
Q1 25
0.3%
Q4 24
0.1%
Q3 24
0.6%
99.5%
Q2 24
7.7%
837.8%
Q1 24
0.7%
1139.8%
Cash Conversion
HWH
HWH
KROS
KROS
Q4 25
Q3 25
Q2 25
0.32×
Q1 25
1.09×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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