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Side-by-side financial comparison of HWH International Inc. (HWH) and PULSE BIOSCIENCES, INC. (PLSE). Click either name above to swap in a different company.

PULSE BIOSCIENCES, INC. is the larger business by last-quarter revenue ($264.0K vs $206.8K, roughly 1.3× HWH International Inc.). HWH International Inc. runs the higher net margin — -140.7% vs -6603.4%, a 6462.7% gap on every dollar of revenue. HWH International Inc. produced more free cash flow last quarter ($-217.9K vs $-14.9M).

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.

Colossal Biosciences Inc. is an American biotechnology and genetic engineering company working to de-extinct several extinct animals, including the woolly mammoth, the Tasmanian tiger, the northern white rhinoceros, the dire wolf, the dodo, and the moa. In 2023, it stated that it wants to have woolly mammoth hybrid calves by 2028, and wants to reintroduce them to the Arctic tundra habitat. Likewise, it launched the Tasmanian Thylacine Advisory Committee, a thylacine research project to releas...

HWH vs PLSE — Head-to-Head

Bigger by revenue
PLSE
PLSE
1.3× larger
PLSE
$264.0K
$206.8K
HWH
Higher net margin
HWH
HWH
6462.7% more per $
HWH
-140.7%
-6603.4%
PLSE
More free cash flow
HWH
HWH
$14.6M more FCF
HWH
$-217.9K
$-14.9M
PLSE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
HWH
HWH
PLSE
PLSE
Revenue
$206.8K
$264.0K
Net Profit
$-291.0K
$-17.4M
Gross Margin
59.8%
Operating Margin
-142.7%
-6914.0%
Net Margin
-140.7%
-6603.4%
Revenue YoY
-40.2%
Net Profit YoY
46.9%
10.1%
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
PLSE
PLSE
Q4 25
$264.0K
Q3 25
$206.8K
$86.0K
Q2 25
$310.4K
$0
Q1 25
$0
Q4 24
$287.1K
$0
Q3 24
$345.5K
$0
Q2 24
$334.9K
$0
Q1 24
$286.1K
$0
Net Profit
HWH
HWH
PLSE
PLSE
Q4 25
$-17.4M
Q3 25
$-291.0K
$-19.4M
Q2 25
$83.4K
$-19.2M
Q1 25
$-16.8M
Q4 24
$-476.7K
$-19.4M
Q3 24
$-548.5K
$-12.7M
Q2 24
$-387.9K
$-11.4M
Q1 24
$-1.3M
$-10.1M
Gross Margin
HWH
HWH
PLSE
PLSE
Q4 25
Q3 25
59.8%
-224.4%
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
PLSE
PLSE
Q4 25
-6914.0%
Q3 25
-142.7%
-23682.6%
Q2 25
24.5%
Q1 25
Q4 24
-170.2%
Q3 24
-155.5%
Q2 24
-120.5%
Q1 24
-467.1%
Net Margin
HWH
HWH
PLSE
PLSE
Q4 25
-6603.4%
Q3 25
-140.7%
-22540.7%
Q2 25
26.9%
Q1 25
Q4 24
-166.1%
Q3 24
-158.7%
Q2 24
-115.8%
Q1 24
-467.2%

Balance Sheet & Financial Strength

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

Metric
HWH
HWH
PLSE
PLSE
Cash + ST InvestmentsLiquidity on hand
$2.9M
$80.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.8M
$80.7M
Total Assets
$5.2M
$94.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWH
HWH
PLSE
PLSE
Q4 25
$80.7M
Q3 25
$2.9M
$95.2M
Q2 25
$3.7M
$106.3M
Q1 25
$119.3M
Q4 24
$4.4M
$118.0M
Q3 24
$836.3K
$79.0M
Q2 24
$958.9K
$26.2M
Q1 24
$1.1M
$34.9M
Stockholders' Equity
HWH
HWH
PLSE
PLSE
Q4 25
$80.7M
Q3 25
$2.8M
$92.7M
Q2 25
$3.2M
$104.5M
Q1 25
$118.5M
Q4 24
$2.8M
$114.9M
Q3 24
$-374.9K
$79.1M
Q2 24
$-3.6M
$27.0M
Q1 24
$-3.1M
$36.3M
Total Assets
HWH
HWH
PLSE
PLSE
Q4 25
$94.5M
Q3 25
$5.2M
$108.8M
Q2 25
$10.6M
$120.3M
Q1 25
$133.4M
Q4 24
$6.4M
$132.5M
Q3 24
$2.9M
$93.0M
Q2 24
$3.1M
$40.4M
Q1 24
$2.6M
$49.2M

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
PLSE
PLSE
Operating Cash FlowLast quarter
$-199.9K
$-14.8M
Free Cash FlowOCF − Capex
$-217.9K
$-14.9M
FCF MarginFCF / Revenue
-105.4%
-5628.8%
Capex IntensityCapex / Revenue
8.7%
39.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-54.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWH
HWH
PLSE
PLSE
Q4 25
$-14.8M
Q3 25
$-199.9K
$-13.0M
Q2 25
$26.9K
$-12.8M
Q1 25
$-13.5M
Q4 24
$-415.2K
$-9.1M
Q3 24
$-275.0K
$-9.0M
Q2 24
$-490.8K
$-8.4M
Q1 24
$-638.2K
$-9.8M
Free Cash Flow
HWH
HWH
PLSE
PLSE
Q4 25
$-14.9M
Q3 25
$-217.9K
$-13.1M
Q2 25
$-12.9M
Q1 25
$-13.6M
Q4 24
$-415.5K
$-9.2M
Q3 24
$-277.1K
$-9.1M
Q2 24
$-516.8K
$-8.4M
Q1 24
$-640.3K
$-9.8M
FCF Margin
HWH
HWH
PLSE
PLSE
Q4 25
-5628.8%
Q3 25
-105.4%
-15233.7%
Q2 25
Q1 25
Q4 24
-144.7%
Q3 24
-80.2%
Q2 24
-154.3%
Q1 24
-223.8%
Capex Intensity
HWH
HWH
PLSE
PLSE
Q4 25
39.8%
Q3 25
8.7%
72.1%
Q2 25
Q1 25
Q4 24
0.1%
Q3 24
0.6%
Q2 24
7.7%
Q1 24
0.7%
Cash Conversion
HWH
HWH
PLSE
PLSE
Q4 25
Q3 25
Q2 25
0.32×
Q1 25
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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