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Side-by-side financial comparison of Pasithea Therapeutics Corp. (KTTA) and Rafael Holdings, Inc. (RFL). Click either name above to swap in a different company.

Pasithea Therapeutics Corp. is the larger business by last-quarter revenue ($240.7K vs $240.0K, roughly 1.0× Rafael Holdings, Inc.). Pasithea Therapeutics Corp. runs the higher net margin — -2126.1% vs -4090.0%, a 1963.9% gap on every dollar of revenue.

Pasithea Therapeutics Corp. is a clinical-stage biopharmaceutical firm dedicated to developing novel treatments for psychiatric and neurological conditions including treatment-resistant mood disorders. It primarily operates in North American and European markets, targeting patient segments that lack effective existing treatment options.

Rafael Advanced Defense Systems Ltd. is an Israeli defense technology company. It was founded as Israel's National R&D Defense Laboratory for the development of weapons and military technology within the Israeli Ministry of Defense; in 2002 it was incorporated as a limited company.

KTTA vs RFL — Head-to-Head

Bigger by revenue
KTTA
KTTA
1.0× larger
KTTA
$240.7K
$240.0K
RFL
Higher net margin
KTTA
KTTA
1963.9% more per $
KTTA
-2126.1%
-4090.0%
RFL

Income Statement — Q4 FY2022 vs Q1 FY2026

Metric
KTTA
KTTA
RFL
RFL
Revenue
$240.7K
$240.0K
Net Profit
$-5.1M
$-9.8M
Gross Margin
Operating Margin
-1679.5%
-4225.4%
Net Margin
-2126.1%
-4090.0%
Revenue YoY
87.5%
Net Profit YoY
-9.0%
EPS (diluted)
$-1.72
$-0.19

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
KTTA
KTTA
RFL
RFL
Q4 25
$240.0K
Q3 24
$165.0K
Q2 24
$336.0K
Q1 24
$68.0K
Q4 23
$68.0K
Q3 23
$68.0K
Q2 23
$71.0K
Q1 23
$70.0K
Net Profit
KTTA
KTTA
RFL
RFL
Q4 25
$-9.8M
Q3 24
$-4.5M
Q2 24
$-32.4M
Q1 24
$6.0M
Q4 23
$-3.6M
Q3 23
$1.2M
Q2 23
$-1.4M
Q1 23
$-3.3M
Gross Margin
KTTA
KTTA
RFL
RFL
Q4 25
Q3 24
Q2 24
74.7%
Q1 24
Q4 23
Q3 23
Q2 23
Q1 23
Operating Margin
KTTA
KTTA
RFL
RFL
Q4 25
-4225.4%
Q3 24
-2330.3%
Q2 24
-27726.5%
Q1 24
-4622.1%
Q4 23
-3644.1%
Q3 23
-3839.7%
Q2 23
-4269.0%
Q1 23
-6084.3%
Net Margin
KTTA
KTTA
RFL
RFL
Q4 25
-4090.0%
Q3 24
-2707.9%
Q2 24
-9628.3%
Q1 24
8892.6%
Q4 23
-5350.0%
Q3 23
1792.6%
Q2 23
-2023.9%
Q1 23
-4642.9%
EPS (diluted)
KTTA
KTTA
RFL
RFL
Q4 25
$-0.19
Q3 24
$-0.19
Q2 24
$-1.36
Q1 24
$0.25
Q4 23
$-0.15
Q3 23
$0.05
Q2 23
$-0.06
Q1 23
$-0.14

Balance Sheet & Financial Strength

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

Metric
KTTA
KTTA
RFL
RFL
Cash + ST InvestmentsLiquidity on hand
$33.1M
$45.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$42.5M
$85.2M
Total Assets
$45.2M
$105.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KTTA
KTTA
RFL
RFL
Q4 25
$45.5M
Q3 24
$2.7M
Q2 24
$7.4M
Q1 24
$7.1M
Q4 23
$13.2M
Q3 23
$21.5M
Q2 23
$15.4M
Q1 23
$9.7M
Stockholders' Equity
KTTA
KTTA
RFL
RFL
Q4 25
$85.2M
Q3 24
$82.2M
Q2 24
$86.1M
Q1 24
$104.9M
Q4 23
$98.2M
Q3 23
$100.3M
Q2 23
$98.5M
Q1 23
$100.1M
Total Assets
KTTA
KTTA
RFL
RFL
Q4 25
$105.4M
Q3 24
$96.8M
Q2 24
$101.6M
Q1 24
$106.1M
Q4 23
$95.5M
Q3 23
$98.8M
Q2 23
$96.4M
Q1 23
$98.5M

Cash Flow & Capital Efficiency

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

Metric
KTTA
KTTA
RFL
RFL
Operating Cash FlowLast quarter
$-4.4M
$-6.8M
Free Cash FlowOCF − Capex
$-4.5M
FCF MarginFCF / Revenue
-1874.2%
Capex IntensityCapex / Revenue
38.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-14.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KTTA
KTTA
RFL
RFL
Q4 25
$-6.8M
Q3 24
$-2.9M
Q2 24
$-251.0K
Q1 24
$-2.5M
Q4 23
$-2.1M
Q3 23
$-1.4M
Q2 23
$-1.3M
Q1 23
$-5.5M
Free Cash Flow
KTTA
KTTA
RFL
RFL
Q4 25
Q3 24
Q2 24
$-375.0K
Q1 24
Q4 23
Q3 23
Q2 23
Q1 23
FCF Margin
KTTA
KTTA
RFL
RFL
Q4 25
Q3 24
Q2 24
-111.6%
Q1 24
Q4 23
Q3 23
Q2 23
Q1 23
Capex Intensity
KTTA
KTTA
RFL
RFL
Q4 25
Q3 24
Q2 24
36.9%
Q1 24
Q4 23
Q3 23
Q2 23
Q1 23
Cash Conversion
KTTA
KTTA
RFL
RFL
Q4 25
Q3 24
Q2 24
Q1 24
-0.42×
Q4 23
Q3 23
-1.19×
Q2 23
Q1 23

Financial Flow Comparison

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

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