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Side-by-side financial comparison of HYPERION DEFI, INC. (HYPD) and Pineapple Financial Inc. (PAPL). Click either name above to swap in a different company.

Pineapple Financial Inc. is the larger business by last-quarter revenue ($707.3K vs $496.2K, roughly 1.4× HYPERION DEFI, INC.). On growth, HYPERION DEFI, INC. posted the faster year-over-year revenue change (1666.4% vs -4.8%). Over the past eight quarters, HYPERION DEFI, INC.'s revenue compounded faster (896.9% CAGR vs -2.0%).

HYPD vs PAPL — Head-to-Head

Bigger by revenue
PAPL
PAPL
1.4× larger
PAPL
$707.3K
$496.2K
HYPD
Growing faster (revenue YoY)
HYPD
HYPD
+1671.2% gap
HYPD
1666.4%
-4.8%
PAPL
Faster 2-yr revenue CAGR
HYPD
HYPD
Annualised
HYPD
896.9%
-2.0%
PAPL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HYPD
HYPD
PAPL
PAPL
Revenue
$496.2K
$707.3K
Net Profit
$-19.5M
Gross Margin
38.9%
48.9%
Operating Margin
-8013.5%
-2518.8%
Net Margin
-2756.2%
Revenue YoY
1666.4%
-4.8%
Net Profit YoY
-3174.1%
EPS (diluted)
$-5.36
$-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
HYPD
HYPD
PAPL
PAPL
Q1 26
$707.3K
Q4 25
$496.2K
$721.7K
Q3 25
$302.5K
$730.5K
Q2 25
$0
$746.9K
Q1 25
$14.7K
$743.3K
Q4 24
$28.1K
$766.1K
Q3 24
$1.6K
$598.3K
Q2 24
$22.6K
$736.4K
Net Profit
HYPD
HYPD
PAPL
PAPL
Q1 26
$-19.5M
Q4 25
$-6.4M
Q3 25
$6.6M
$-1.8M
Q2 25
$-8.7M
$-557.7K
Q1 25
$-3.5M
$-595.4K
Q4 24
$-656.9K
Q3 24
$-7.9M
$-1.7M
Q2 24
$-11.1M
$-848.6K
Gross Margin
HYPD
HYPD
PAPL
PAPL
Q1 26
48.9%
Q4 25
38.9%
49.6%
Q3 25
100.0%
27.8%
Q2 25
67.6%
Q1 25
99.7%
43.4%
Q4 24
45.9%
Q3 24
43.2%
Q2 24
44.2%
Operating Margin
HYPD
HYPD
PAPL
PAPL
Q1 26
-2518.8%
Q4 25
-8013.5%
-909.1%
Q3 25
-131.3%
Q2 25
-93.3%
Q1 25
-20588.9%
-80.6%
Q4 24
-90.5%
Q3 24
-451195.5%
-232.8%
Q2 24
-51661.2%
-121.7%
Net Margin
HYPD
HYPD
PAPL
PAPL
Q1 26
-2756.2%
Q4 25
-891.6%
Q3 25
2190.2%
-250.3%
Q2 25
-74.7%
Q1 25
-23665.3%
-80.1%
Q4 24
-85.7%
Q3 24
-485406.3%
-283.9%
Q2 24
-48856.1%
-115.2%
EPS (diluted)
HYPD
HYPD
PAPL
PAPL
Q1 26
$-1.21
Q4 25
$-5.36
$-4.79
Q3 25
$0.05
$-0.93
Q2 25
$-2.50
$-0.05
Q1 25
$-1.59
$-1.73
Q4 24
$-2.60
Q3 24
$-9.07
$-11.10
Q2 24
$-16.65
$-0.12

Balance Sheet & Financial Strength

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

Metric
HYPD
HYPD
PAPL
PAPL
Cash + ST InvestmentsLiquidity on hand
$6.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$41.1M
$27.1M
Total Assets
$51.8M
$48.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HYPD
HYPD
PAPL
PAPL
Q1 26
Q4 25
$6.4M
Q3 25
$8.2M
Q2 25
$7.5M
Q1 25
$3.9M
Q4 24
$2.1M
Q3 24
$7.2M
Q2 24
$2.3M
Stockholders' Equity
HYPD
HYPD
PAPL
PAPL
Q1 26
$27.1M
Q4 25
$41.1M
$-5.5M
Q3 25
$70.8M
$906.7K
Q2 25
$37.4M
$842.6K
Q1 25
$-9.7M
$739.7K
Q4 24
$-13.1M
$1.3M
Q3 24
$3.7M
$1.3M
Q2 24
$-2.4M
$2.0M
Total Assets
HYPD
HYPD
PAPL
PAPL
Q1 26
$48.9M
Q4 25
$51.8M
$10.6M
Q3 25
$82.8M
$5.4M
Q2 25
$55.7M
$4.7M
Q1 25
$6.0M
$4.0M
Q4 24
$3.7M
$4.1M
Q3 24
$22.8M
$4.1M
Q2 24
$19.0M
$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
HYPD
HYPD
PAPL
PAPL
Operating Cash FlowLast quarter
$-4.1M
$-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
HYPD
HYPD
PAPL
PAPL
Q1 26
$-3.3M
Q4 25
$-4.1M
$-489.7K
Q3 25
$-2.8M
$-507.6K
Q2 25
$-3.4M
$397.0K
Q1 25
$-4.4M
$-172.6K
Q4 24
$-30.1M
$-663.6K
Q3 24
$-5.9M
$-264.7K
Q2 24
$-8.2M
$123.0K
Free Cash Flow
HYPD
HYPD
PAPL
PAPL
Q1 26
$-3.3M
Q4 25
$-491.7K
Q3 25
Q2 25
Q1 25
Q4 24
$-30.3M
Q3 24
$-5.9M
$-264.7K
Q2 24
$-8.2M
$122.7K
FCF Margin
HYPD
HYPD
PAPL
PAPL
Q1 26
-462.7%
Q4 25
-68.1%
Q3 25
Q2 25
Q1 25
Q4 24
-107793.6%
Q3 24
-365875.5%
-44.2%
Q2 24
-36332.5%
16.7%
Capex Intensity
HYPD
HYPD
PAPL
PAPL
Q1 26
0.0%
Q4 25
0.3%
Q3 25
Q2 25
Q1 25
Q4 24
574.8%
Q3 24
99.9%
0.0%
Q2 24
202.2%
0.0%
Cash Conversion
HYPD
HYPD
PAPL
PAPL
Q1 26
Q4 25
Q3 25
-0.43×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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