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Side-by-side financial comparison of Lakeshore Acquisition III Corp. (LCCC) and PALVELLA THERAPEUTICS, INC. (PVLA). Click either name above to swap in a different company.

Lakeshore Acquisition III Corp. is the larger business by last-quarter revenue ($717.3K vs $520.0K, roughly 1.4× PALVELLA THERAPEUTICS, INC.).

Palvella Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted therapies for rare, debilitating genetic diseases with high unmet medical needs. Its lead product candidates address congenital disorders, serving global patient populations that lack effective existing treatment options.

LCCC vs PVLA — Head-to-Head

Bigger by revenue
LCCC
LCCC
1.4× larger
LCCC
$717.3K
$520.0K
PVLA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LCCC
LCCC
PVLA
PVLA
Revenue
$717.3K
$520.0K
Net Profit
$486.8K
Gross Margin
Operating Margin
-32.1%
Net Margin
67.9%
Revenue YoY
14.3%
Net Profit YoY
-221.8%
EPS (diluted)
$0.08

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
LCCC
LCCC
PVLA
PVLA
Q4 25
$520.0K
Q3 25
$717.3K
$628.0K
Q2 25
$467.3K
$690.0K
Q1 25
$752.0K
Q3 24
$0
Q2 24
$0
Q1 24
$53.0K
Q4 23
$1.3M
Net Profit
LCCC
LCCC
PVLA
PVLA
Q4 25
Q3 25
$486.8K
$-11.3M
Q2 25
$216.5K
$-9.5M
Q1 25
$-8.2M
Q3 24
$-6.8M
Q2 24
$-4.2M
Q1 24
$-2.5M
Q4 23
Operating Margin
LCCC
LCCC
PVLA
PVLA
Q4 25
Q3 25
-32.1%
-1620.5%
Q2 25
-53.7%
-1340.6%
Q1 25
-1046.7%
Q3 24
Q2 24
Q1 24
-3318.9%
Q4 23
Net Margin
LCCC
LCCC
PVLA
PVLA
Q4 25
Q3 25
67.9%
-1806.5%
Q2 25
46.3%
-1372.6%
Q1 25
-1088.4%
Q3 24
Q2 24
Q1 24
-4784.9%
Q4 23
EPS (diluted)
LCCC
LCCC
PVLA
PVLA
Q4 25
Q3 25
$0.08
$-1.03
Q2 25
$0.06
$-0.86
Q1 25
$-0.74
Q3 24
$-3.94
Q2 24
$-2.47
Q1 24
$-1.54
Q4 23

Balance Sheet & Financial Strength

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

Metric
LCCC
LCCC
PVLA
PVLA
Cash + ST InvestmentsLiquidity on hand
$58.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-1.6M
$28.0M
Total Assets
$71.0M
$59.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LCCC
LCCC
PVLA
PVLA
Q4 25
$58.0M
Q3 25
$63.6M
Q2 25
$70.4M
Q1 25
$75.6M
Q3 24
$19.4M
Q2 24
$19.7M
Q1 24
$19.1M
Q4 23
$16.3M
Stockholders' Equity
LCCC
LCCC
PVLA
PVLA
Q4 25
$28.0M
Q3 25
$-1.6M
$38.7M
Q2 25
$-1.4M
$47.8M
Q1 25
$55.6M
Q3 24
$-87.4M
Q2 24
$-80.8M
Q1 24
$-76.9M
Q4 23
$-74.5M
Total Assets
LCCC
LCCC
PVLA
PVLA
Q4 25
$59.6M
Q3 25
$71.0M
$66.9M
Q2 25
$70.5M
$73.7M
Q1 25
$79.4M
Q3 24
$20.5M
Q2 24
$25.1M
Q1 24
$29.5M
Q4 23
$7.5M

Cash Flow & Capital Efficiency

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

Metric
LCCC
LCCC
PVLA
PVLA
Operating Cash FlowLast quarter
$-206.3K
$-25.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.42×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LCCC
LCCC
PVLA
PVLA
Q4 25
$-25.0M
Q3 25
$-206.3K
$-7.9M
Q2 25
$-218.3K
$-5.4M
Q1 25
$-6.8M
Q3 24
$-2.7M
Q2 24
$-1.6M
Q1 24
$-1.1M
Q4 23
$-13.7M
Free Cash Flow
LCCC
LCCC
PVLA
PVLA
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
$-13.9M
FCF Margin
LCCC
LCCC
PVLA
PVLA
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
-1068.1%
Capex Intensity
LCCC
LCCC
PVLA
PVLA
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
0.0%
Q4 23
13.2%
Cash Conversion
LCCC
LCCC
PVLA
PVLA
Q4 25
Q3 25
-0.42×
Q2 25
-1.01×
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

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