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Side-by-side financial comparison of Jerash Holdings (US), Inc. (JRSH) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

RIGEL PHARMACEUTICALS INC is the larger business by last-quarter revenue ($69.8M vs $41.8M, roughly 1.7× Jerash Holdings (US), Inc.). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs 2.8%, a 381.2% gap on every dollar of revenue. On growth, RIGEL PHARMACEUTICALS INC posted the faster year-over-year revenue change (21.2% vs 18.0%). Over the past eight quarters, RIGEL PHARMACEUTICALS INC's revenue compounded faster (53.7% CAGR vs 39.1%).

Jerash Holdings (US), Inc. is a global apparel manufacturer producing high-quality outerwear, sportswear, casual and performance apparel for renowned international retail and apparel brand clients. Its core markets cover North America, Europe and Asia Pacific, with manufacturing bases in Jordan and Southeast Asia.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

JRSH vs RIGL — Head-to-Head

Bigger by revenue
RIGL
RIGL
1.7× larger
RIGL
$69.8M
$41.8M
JRSH
Growing faster (revenue YoY)
RIGL
RIGL
+3.1% gap
RIGL
21.2%
18.0%
JRSH
Higher net margin
RIGL
RIGL
381.2% more per $
RIGL
384.0%
2.8%
JRSH
Faster 2-yr revenue CAGR
RIGL
RIGL
Annualised
RIGL
53.7%
39.1%
JRSH

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
JRSH
JRSH
RIGL
RIGL
Revenue
$41.8M
$69.8M
Net Profit
$1.2M
$268.1M
Gross Margin
16.9%
91.5%
Operating Margin
4.7%
33.2%
Net Margin
2.8%
384.0%
Revenue YoY
18.0%
21.2%
Net Profit YoY
20261.5%
1769.2%
EPS (diluted)
$0.09
$14.11

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
JRSH
JRSH
RIGL
RIGL
Q4 25
$41.8M
$69.8M
Q3 25
$42.0M
$69.5M
Q2 25
$39.6M
$101.7M
Q1 25
$29.3M
$53.3M
Q4 24
$35.4M
$57.6M
Q3 24
$40.2M
$55.3M
Q2 24
$40.9M
$36.8M
Q1 24
$21.6M
$29.5M
Net Profit
JRSH
JRSH
RIGL
RIGL
Q4 25
$1.2M
$268.1M
Q3 25
$461.6K
$27.9M
Q2 25
$318.7K
$59.6M
Q1 25
$-152.6K
$11.4M
Q4 24
$-5.8K
$14.3M
Q3 24
$655.3K
$12.4M
Q2 24
$-1.3M
$-1.0M
Q1 24
$-3.1M
$-8.2M
Gross Margin
JRSH
JRSH
RIGL
RIGL
Q4 25
16.9%
91.5%
Q3 25
15.0%
93.2%
Q2 25
15.4%
95.6%
Q1 25
17.9%
91.7%
Q4 24
15.2%
89.9%
Q3 24
17.5%
85.5%
Q2 24
11.3%
92.4%
Q1 24
7.0%
93.1%
Operating Margin
JRSH
JRSH
RIGL
RIGL
Q4 25
4.7%
33.2%
Q3 25
2.6%
40.9%
Q2 25
2.4%
60.1%
Q1 25
1.5%
23.9%
Q4 24
2.0%
28.9%
Q3 24
2.8%
25.4%
Q2 24
-2.0%
1.2%
Q1 24
-14.0%
-23.6%
Net Margin
JRSH
JRSH
RIGL
RIGL
Q4 25
2.8%
384.0%
Q3 25
1.1%
40.2%
Q2 25
0.8%
58.6%
Q1 25
-0.5%
21.5%
Q4 24
-0.0%
24.9%
Q3 24
1.6%
22.5%
Q2 24
-3.3%
-2.8%
Q1 24
-14.3%
-27.9%
EPS (diluted)
JRSH
JRSH
RIGL
RIGL
Q4 25
$0.09
$14.11
Q3 25
$0.04
$1.46
Q2 25
$0.03
$3.28
Q1 25
$-0.01
$0.63
Q4 24
$0.00
$0.82
Q3 24
$0.05
$0.70
Q2 24
$-0.11
$-0.06
Q1 24
$-0.25
$-0.47

Balance Sheet & Financial Strength

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

Metric
JRSH
JRSH
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$11.5M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$63.6M
$391.5M
Total Assets
$84.2M
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRSH
JRSH
RIGL
RIGL
Q4 25
$11.5M
$155.0M
Q3 25
$12.0M
$137.1M
Q2 25
$5.8M
$108.4M
Q1 25
$13.3M
$77.1M
Q4 24
$13.2M
$77.3M
Q3 24
$16.3M
$61.1M
Q2 24
$11.4M
$49.1M
Q1 24
$12.4M
$49.5M
Total Debt
JRSH
JRSH
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
JRSH
JRSH
RIGL
RIGL
Q4 25
$63.6M
$391.5M
Q3 25
$62.8M
$117.6M
Q2 25
$62.7M
$81.9M
Q1 25
$62.8M
$18.6M
Q4 24
$63.1M
$3.3M
Q3 24
$63.4M
$-14.6M
Q2 24
$62.9M
$-29.9M
Q1 24
$64.4M
$-31.7M
Total Assets
JRSH
JRSH
RIGL
RIGL
Q4 25
$84.2M
$513.6M
Q3 25
$83.3M
$242.5M
Q2 25
$81.7M
$206.7M
Q1 25
$83.0M
$176.0M
Q4 24
$79.8M
$164.0M
Q3 24
$80.3M
$139.4M
Q2 24
$76.7M
$128.4M
Q1 24
$80.2M
$126.5M
Debt / Equity
JRSH
JRSH
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
JRSH
JRSH
RIGL
RIGL
Operating Cash FlowLast quarter
$-3.8M
$22.0M
Free Cash FlowOCF − Capex
$-3.9M
FCF MarginFCF / Revenue
-9.3%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
-3.25×
0.08×
TTM Free Cash FlowTrailing 4 quarters
$-2.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JRSH
JRSH
RIGL
RIGL
Q4 25
$-3.8M
$22.0M
Q3 25
$6.8M
$24.0M
Q2 25
$-6.5M
$30.5M
Q1 25
$1.9M
$-893.0K
Q4 24
$-3.0M
$14.5M
Q3 24
$4.6M
$21.7M
Q2 24
$-2.2M
$302.0K
Q1 24
$-5.4M
$-5.0M
Free Cash Flow
JRSH
JRSH
RIGL
RIGL
Q4 25
$-3.9M
Q3 25
$6.4M
Q2 25
$-6.9M
Q1 25
$1.5M
Q4 24
$-3.2M
Q3 24
$4.4M
Q2 24
$-2.3M
Q1 24
$-5.8M
FCF Margin
JRSH
JRSH
RIGL
RIGL
Q4 25
-9.3%
Q3 25
15.3%
Q2 25
-17.5%
Q1 25
5.1%
Q4 24
-8.9%
Q3 24
11.0%
Q2 24
-5.7%
Q1 24
-26.9%
Capex Intensity
JRSH
JRSH
RIGL
RIGL
Q4 25
0.2%
Q3 25
0.9%
Q2 25
1.2%
Q1 25
1.6%
Q4 24
0.4%
Q3 24
0.5%
Q2 24
0.3%
Q1 24
1.9%
Cash Conversion
JRSH
JRSH
RIGL
RIGL
Q4 25
-3.25×
0.08×
Q3 25
14.72×
0.86×
Q2 25
-20.33×
0.51×
Q1 25
-0.08×
Q4 24
1.01×
Q3 24
7.06×
1.75×
Q2 24
Q1 24

Financial Flow Comparison

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

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