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Side-by-side financial comparison of i-80 Gold Corp. (IAUX) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

X4 Pharmaceuticals, Inc is the larger business by last-quarter revenue ($28.8M vs $21.3M, roughly 1.4× i-80 Gold Corp.). X4 Pharmaceuticals, Inc runs the higher net margin — 1.0% vs -401.9%, a 402.9% gap on every dollar of revenue.

i-80 Gold Corp is a mineral exploration and development firm focused on gold and silver asset operations in Nevada, US. It advances high-potential mining projects, using responsible extraction practices to deliver precious metals to global industrial and investment markets.

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

IAUX vs XFOR — Head-to-Head

Bigger by revenue
XFOR
XFOR
1.4× larger
XFOR
$28.8M
$21.3M
IAUX
Higher net margin
XFOR
XFOR
402.9% more per $
XFOR
1.0%
-401.9%
IAUX

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
IAUX
IAUX
XFOR
XFOR
Revenue
$21.3M
$28.8M
Net Profit
$-85.6M
$282.0K
Gross Margin
22.0%
83.6%
Operating Margin
-291.6%
-32.8%
Net Margin
-401.9%
1.0%
Revenue YoY
Net Profit YoY
100.5%
EPS (diluted)
$-0.10
$0.04

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
IAUX
IAUX
XFOR
XFOR
Q4 25
$21.3M
Q3 25
$32.0M
Q2 25
$27.8M
Q1 25
$14.0M
$28.8M
Q3 24
$11.5M
Q2 24
$7.2M
Q1 24
$0
Q3 23
$0
Net Profit
IAUX
IAUX
XFOR
XFOR
Q4 25
$-85.6M
Q3 25
$-41.9M
Q2 25
$-30.2M
Q1 25
$-41.2M
$282.0K
Q3 24
$-43.1M
Q2 24
$-41.0M
Q1 24
$-51.8M
Q3 23
$-2.3M
Gross Margin
IAUX
IAUX
XFOR
XFOR
Q4 25
22.0%
Q3 25
9.7%
Q2 25
2.9%
Q1 25
20.7%
83.6%
Q3 24
-42.7%
Q2 24
-171.4%
Q1 24
Q3 23
Operating Margin
IAUX
IAUX
XFOR
XFOR
Q4 25
-291.6%
Q3 25
-86.7%
Q2 25
-67.4%
Q1 25
-112.3%
-32.8%
Q3 24
-210.0%
Q2 24
-435.2%
Q1 24
Q3 23
Net Margin
IAUX
IAUX
XFOR
XFOR
Q4 25
-401.9%
Q3 25
-130.8%
Q2 25
-108.5%
Q1 25
-293.3%
1.0%
Q3 24
-374.5%
Q2 24
-570.8%
Q1 24
Q3 23
EPS (diluted)
IAUX
IAUX
XFOR
XFOR
Q4 25
$-0.10
Q3 25
$-0.05
Q2 25
$-0.05
Q1 25
$-0.10
$0.04
Q3 24
$-0.11
Q2 24
$-0.11
Q1 24
$-7.77
Q3 23
$-0.01

Balance Sheet & Financial Strength

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

Metric
IAUX
IAUX
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$63.2M
$40.3M
Total DebtLower is stronger
$174.7M
$75.0M
Stockholders' EquityBook value
$346.8M
$22.9M
Total Assets
$703.4M
$130.0M
Debt / EquityLower = less leverage
0.50×
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IAUX
IAUX
XFOR
XFOR
Q4 25
$63.2M
Q3 25
$102.9M
Q2 25
$133.7M
Q1 25
$13.5M
$40.3M
Q3 24
$21.8M
Q2 24
$47.8M
Q1 24
$60.5M
Q3 23
$131.6M
Total Debt
IAUX
IAUX
XFOR
XFOR
Q4 25
$174.7M
Q3 25
$175.9M
Q2 25
$175.8M
Q1 25
$197.5M
$75.0M
Q3 24
Q2 24
Q1 24
$55.0M
Q3 23
$55.0M
Stockholders' Equity
IAUX
IAUX
XFOR
XFOR
Q4 25
$346.8M
Q3 25
$423.0M
Q2 25
$463.5M
Q1 25
$318.0M
$22.9M
Q3 24
$346.9M
Q2 24
$377.2M
Q1 24
$1.0M
Q3 23
$67.6M
Total Assets
IAUX
IAUX
XFOR
XFOR
Q4 25
$703.4M
Q3 25
$756.2M
Q2 25
$782.9M
Q1 25
$659.0M
$130.0M
Q3 24
Q2 24
Q1 24
$112.2M
Q3 23
$173.3M
Debt / Equity
IAUX
IAUX
XFOR
XFOR
Q4 25
0.50×
Q3 25
0.42×
Q2 25
0.38×
Q1 25
0.62×
3.27×
Q3 24
Q2 24
Q1 24
53.09×
Q3 23
0.81×

Cash Flow & Capital Efficiency

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

Metric
IAUX
IAUX
XFOR
XFOR
Operating Cash FlowLast quarter
$-34.3M
$-12.4M
Free Cash FlowOCF − Capex
$-39.2M
FCF MarginFCF / Revenue
-184.3%
Capex IntensityCapex / Revenue
23.1%
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters
$-93.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IAUX
IAUX
XFOR
XFOR
Q4 25
$-34.3M
Q3 25
$-15.2M
Q2 25
$-11.3M
Q1 25
$-22.7M
$-12.4M
Q3 24
$-23.5M
Q2 24
$-24.6M
Q1 24
$-33.6M
Q3 23
$-68.8M
Free Cash Flow
IAUX
IAUX
XFOR
XFOR
Q4 25
$-39.2M
Q3 25
$-18.5M
Q2 25
$-12.4M
Q1 25
$-23.1M
Q3 24
$-23.8M
Q2 24
$-25.1M
Q1 24
$-33.7M
Q3 23
$-68.8M
FCF Margin
IAUX
IAUX
XFOR
XFOR
Q4 25
-184.3%
Q3 25
-57.8%
Q2 25
-44.7%
Q1 25
-164.1%
Q3 24
-206.7%
Q2 24
-349.1%
Q1 24
Q3 23
Capex Intensity
IAUX
IAUX
XFOR
XFOR
Q4 25
23.1%
Q3 25
10.2%
Q2 25
3.9%
Q1 25
2.5%
0.0%
Q3 24
2.5%
Q2 24
7.3%
Q1 24
Q3 23
Cash Conversion
IAUX
IAUX
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
-43.86×
Q3 24
Q2 24
Q1 24
Q3 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

IAUX
IAUX

Granite Creek Mining Company$20.3M95%
Ruby Hill Mining Company LLC$991.0K5%
Lone Tree Minning Company$3.0K0%

XFOR
XFOR

Segment breakdown not available.

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