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Side-by-side financial comparison of Comstock Inc. (LODE) and Hyperliquid Strategies Inc (PURR). Click either name above to swap in a different company.

Hyperliquid Strategies Inc is the larger business by last-quarter revenue ($500.0K vs $374.4K, roughly 1.3× Comstock Inc.). Comstock Inc. runs the higher net margin — -3568.2% vs -60892.6%, a 57324.4% gap on every dollar of revenue.

The Comstock Lode is a lode of silver ore located under the eastern slope of Mount Davidson, a peak in the Virginia Range in Virginia City, Nevada, which was the first major discovery of silver ore in the United States and named after Canadian miner Henry Comstock.

LODE vs PURR — Head-to-Head

Bigger by revenue
PURR
PURR
1.3× larger
PURR
$500.0K
$374.4K
LODE
Higher net margin
LODE
LODE
57324.4% more per $
LODE
-3568.2%
-60892.6%
PURR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LODE
LODE
PURR
PURR
Revenue
$374.4K
$500.0K
Net Profit
$-13.4M
$-304.5M
Gross Margin
-60.7%
Operating Margin
-3533.6%
-57509.2%
Net Margin
-3568.2%
-60892.6%
Revenue YoY
-76.6%
Net Profit YoY
41.5%
EPS (diluted)
$-7.43

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
LODE
LODE
PURR
PURR
Q4 25
$374.4K
$500.0K
Q2 25
$339.5K
Q1 25
$785.8K
Q4 24
$1.6M
Q3 24
$556.4K
Q2 24
$434.8K
Q1 24
$426.0K
Q4 23
$447.7K
Net Profit
LODE
LODE
PURR
PURR
Q4 25
$-13.4M
$-304.5M
Q2 25
$-7.8M
Q1 25
$-9.1M
Q4 24
$-22.8M
Q3 24
$-15.0M
Q2 24
$-8.6M
Q1 24
$-6.9M
Q4 23
$8.0M
Gross Margin
LODE
LODE
PURR
PURR
Q4 25
-60.7%
Q2 25
-139.7%
Q1 25
-12.9%
Q4 24
71.7%
Q3 24
Q2 24
Q1 24
Q4 23
Operating Margin
LODE
LODE
PURR
PURR
Q4 25
-3533.6%
-57509.2%
Q2 25
-2258.0%
Q1 25
-895.7%
Q4 24
-990.6%
Q3 24
-2447.0%
Q2 24
-1279.4%
Q1 24
-1091.6%
Q4 23
-954.0%
Net Margin
LODE
LODE
PURR
PURR
Q4 25
-3568.2%
-60892.6%
Q2 25
-2305.1%
Q1 25
-1157.3%
Q4 24
-1428.2%
Q3 24
-2690.2%
Q2 24
-1985.5%
Q1 24
-1620.2%
Q4 23
1780.7%
EPS (diluted)
LODE
LODE
PURR
PURR
Q4 25
$-7.43
Q2 25
Q1 25
Q4 24
Q3 24
$-0.08
Q2 24
Q1 24
$-0.06
Q4 23
$0.87

Balance Sheet & Financial Strength

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

Metric
LODE
LODE
PURR
PURR
Cash + ST InvestmentsLiquidity on hand
$17.0M
$281.9M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$107.6M
$589.8M
Total Assets
$169.6M
$616.6M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LODE
LODE
PURR
PURR
Q4 25
$17.0M
$281.9M
Q2 25
$18.6M
Q1 25
$3.9M
Q4 24
$954.3K
Q3 24
$20.3M
Q2 24
$19.0M
Q1 24
$19.4M
Q4 23
$22.7M
Total Debt
LODE
LODE
PURR
PURR
Q4 25
$0
Q2 25
$10.2M
Q1 25
$13.9M
Q4 24
$8.5M
Q3 24
$11.2M
Q2 24
$10.0M
Q1 24
$10.9M
Q4 23
$9.9M
Stockholders' Equity
LODE
LODE
PURR
PURR
Q4 25
$107.6M
$589.8M
Q2 25
$88.6M
Q1 25
$59.5M
Q4 24
$59.8M
Q3 24
$68.0M
Q2 24
$74.9M
Q1 24
$73.8M
Q4 23
$78.3M
Total Assets
LODE
LODE
PURR
PURR
Q4 25
$169.6M
$616.6M
Q2 25
$148.2M
Q1 25
$111.3M
Q4 24
$91.3M
Q3 24
$103.7M
Q2 24
$91.3M
Q1 24
$91.3M
Q4 23
$106.5M
Debt / Equity
LODE
LODE
PURR
PURR
Q4 25
0.00×
Q2 25
0.11×
Q1 25
0.23×
Q4 24
0.14×
Q3 24
0.17×
Q2 24
0.13×
Q1 24
0.15×
Q4 23
0.13×

Cash Flow & Capital Efficiency

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

Metric
LODE
LODE
PURR
PURR
Operating Cash FlowLast quarter
$-5.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LODE
LODE
PURR
PURR
Q4 25
$-5.9M
Q2 25
$-4.8M
Q1 25
$-5.0M
Q4 24
$-4.3M
Q3 24
$-3.8M
Q2 24
$-2.0M
Q1 24
$-3.8M
Q4 23
$-2.4M
Free Cash Flow
LODE
LODE
PURR
PURR
Q4 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-4.2M
Q4 23
$-2.7M
FCF Margin
LODE
LODE
PURR
PURR
Q4 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-982.9%
Q4 23
-613.1%
Capex Intensity
LODE
LODE
PURR
PURR
Q4 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
83.6%
Q4 23
67.8%
Cash Conversion
LODE
LODE
PURR
PURR
Q4 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
-0.31×

Financial Flow Comparison

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

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