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Side-by-side financial comparison of Maase Inc. (MAAS) and Neuphoria Therapeutics Inc. (NEUP). Click either name above to swap in a different company.

Neuphoria Therapeutics Inc. is the larger business by last-quarter revenue ($15.0M vs $9.9M, roughly 1.5× Maase Inc.).

Neuphoria Therapeutics Inc is a clinical-stage biopharmaceutical company focused on researching and developing innovative targeted therapies for unmet medical needs in neurological and psychiatric conditions, including anxiety, treatment-resistant depression, and other central nervous system disorders. Its core R&D efforts prioritize delivering safer, more effective treatment options for patient groups with limited existing care alternatives.

MAAS vs NEUP — Head-to-Head

Bigger by revenue
NEUP
NEUP
1.5× larger
NEUP
$15.0M
$9.9M
MAAS

Income Statement — Q2 FY2023 vs Q3 FY2025

Metric
MAAS
MAAS
NEUP
NEUP
Revenue
$9.9M
$15.0M
Net Profit
$11.3M
Gross Margin
78.7%
Operating Margin
-55.9%
79.8%
Net Margin
75.1%
Revenue YoY
Net Profit YoY
EPS (diluted)
$6.55

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

Balance Sheet & Financial Strength

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

Metric
MAAS
MAAS
NEUP
NEUP
Cash + ST InvestmentsLiquidity on hand
$10.9M
$17.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$31.6M
$26.0M
Total Assets
$47.0M
$30.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAAS
MAAS
NEUP
NEUP
Q1 25
$17.0M
Q4 22
$10.9M
Stockholders' Equity
MAAS
MAAS
NEUP
NEUP
Q1 25
$26.0M
Q4 22
$31.6M
Total Assets
MAAS
MAAS
NEUP
NEUP
Q1 25
$30.7M
Q4 22
$47.0M

Cash Flow & Capital Efficiency

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

Metric
MAAS
MAAS
NEUP
NEUP
Operating Cash FlowLast quarter
$-18.2M
$11.5M
Free Cash FlowOCF − Capex
$-18.3M
FCF MarginFCF / Revenue
-184.4%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
1.02×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAAS
MAAS
NEUP
NEUP
Q1 25
$11.5M
Q4 22
$-18.2M
Free Cash Flow
MAAS
MAAS
NEUP
NEUP
Q1 25
Q4 22
$-18.3M
FCF Margin
MAAS
MAAS
NEUP
NEUP
Q1 25
Q4 22
-184.4%
Capex Intensity
MAAS
MAAS
NEUP
NEUP
Q1 25
Q4 22
1.0%
Cash Conversion
MAAS
MAAS
NEUP
NEUP
Q1 25
1.02×
Q4 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAAS
MAAS

Wealth management$7.8M78%
Insurance consulting$1.0M10%
Other$975.0K10%
Asset management$168.0K2%

NEUP
NEUP

Segment breakdown not available.

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