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Side-by-side financial comparison of LISATA THERAPEUTICS, INC. (LSTA) and MEDICINOVA INC (MNOV). Click either name above to swap in a different company.

MEDICINOVA INC is the larger business by last-quarter revenue ($123.3K vs $100.0K, roughly 1.2× LISATA THERAPEUTICS, INC.). MEDICINOVA INC produced more free cash flow last quarter ($-1.7M vs $-16.0M).

Lisata Therapeutics is an American clinical stage pharmaceutical company active in the field of oncology, specifically aimed at developing and commercializing new cancer therapies. It was formed through a merger of Cend Therapeutics and Caladrius Biosciences in September 2022.

Medicinova Inc. is a clinical-stage biopharmaceutical firm developing novel therapies for unmet medical needs, focusing on immunology, inflammatory disorders and oncology. It operates across North America and Asia, advancing pipeline candidates through clinical trials to serve patients with limited treatment options.

LSTA vs MNOV — Head-to-Head

Bigger by revenue
MNOV
MNOV
1.2× larger
MNOV
$123.3K
$100.0K
LSTA
More free cash flow
MNOV
MNOV
$14.3M more FCF
MNOV
$-1.7M
$-16.0M
LSTA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
LSTA
LSTA
MNOV
MNOV
Revenue
$100.0K
$123.3K
Net Profit
$-3.1M
Gross Margin
Operating Margin
-2741.7%
Net Margin
-2473.6%
Revenue YoY
-90.0%
Net Profit YoY
35.9%
-6.9%
EPS (diluted)
$-0.06

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
LSTA
LSTA
MNOV
MNOV
Q4 25
$100.0K
Q3 25
$0
$123.3K
Q2 25
$70.0K
$134.6K
Q1 25
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Net Profit
LSTA
LSTA
MNOV
MNOV
Q4 25
Q3 25
$-4.2M
$-3.1M
Q2 25
$-4.7M
$-3.3M
Q1 25
$-4.7M
Q3 24
$-4.9M
Q2 24
$-5.0M
Q1 24
$-5.4M
Operating Margin
LSTA
LSTA
MNOV
MNOV
Q4 25
Q3 25
-2741.7%
Q2 25
-6954.3%
-2679.9%
Q1 25
Q3 24
Q2 24
Q1 24
Net Margin
LSTA
LSTA
MNOV
MNOV
Q4 25
Q3 25
-2473.6%
Q2 25
-6655.7%
-2437.7%
Q1 25
Q3 24
Q2 24
Q1 24
EPS (diluted)
LSTA
LSTA
MNOV
MNOV
Q4 25
Q3 25
$-0.49
$-0.06
Q2 25
$-0.54
$-0.07
Q1 25
$-0.55
Q3 24
$-0.59
Q2 24
$-0.61
Q1 24
$-0.65

Balance Sheet & Financial Strength

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

Metric
LSTA
LSTA
MNOV
MNOV
Cash + ST InvestmentsLiquidity on hand
$16.0M
$32.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.9M
$44.0M
Total Assets
$17.7M
$47.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSTA
LSTA
MNOV
MNOV
Q4 25
$16.0M
Q3 25
$19.0M
$32.6M
Q2 25
$16.8M
$34.3M
Q1 25
$20.2M
Q3 24
$19.5M
Q2 24
$28.3M
Q1 24
$21.8M
Stockholders' Equity
LSTA
LSTA
MNOV
MNOV
Q4 25
$14.9M
Q3 25
$17.4M
$44.0M
Q2 25
$21.0M
$46.9M
Q1 25
$25.4M
Q3 24
$33.7M
Q2 24
$38.2M
Q1 24
$43.0M
Total Assets
LSTA
LSTA
MNOV
MNOV
Q4 25
$17.7M
Q3 25
$21.8M
$47.6M
Q2 25
$25.2M
$49.8M
Q1 25
$29.0M
Q3 24
$38.2M
Q2 24
$42.6M
Q1 24
$48.2M

Cash Flow & Capital Efficiency

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

Metric
LSTA
LSTA
MNOV
MNOV
Operating Cash FlowLast quarter
$-15.9M
$-1.7M
Free Cash FlowOCF − Capex
$-16.0M
$-1.7M
FCF MarginFCF / Revenue
-15977.0%
-1383.5%
Capex IntensityCapex / Revenue
28.0%
2.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSTA
LSTA
MNOV
MNOV
Q4 25
$-15.9M
Q3 25
$-3.3M
$-1.7M
Q2 25
$-4.0M
$-2.3M
Q1 25
$-5.4M
Q3 24
$-2.5M
Q2 24
$-5.3M
Q1 24
$-7.0M
Free Cash Flow
LSTA
LSTA
MNOV
MNOV
Q4 25
$-16.0M
Q3 25
$-1.7M
Q2 25
Q1 25
$-5.4M
Q3 24
Q2 24
Q1 24
FCF Margin
LSTA
LSTA
MNOV
MNOV
Q4 25
-15977.0%
Q3 25
-1383.5%
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Capex Intensity
LSTA
LSTA
MNOV
MNOV
Q4 25
28.0%
Q3 25
2.4%
Q2 25
0.0%
Q1 25
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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