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

Maase Inc. is the larger business by last-quarter revenue ($9.9M vs $8.7M, roughly 1.1× Nuvalent, Inc.).

Nuvalent, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted precision therapies for cancer patients. The firm designs novel molecules to address unmet needs in solid tumor treatment, targeting specific genetic mutations that drive cancer growth, with multiple oncology pipeline candidates advancing through clinical development for global markets.

MAAS vs NUVL — Head-to-Head

Bigger by revenue
MAAS
MAAS
1.1× larger
MAAS
$9.9M
$8.7M
NUVL

Income Statement — Q2 FY2023 vs Q3 FY2024

Metric
MAAS
MAAS
NUVL
NUVL
Revenue
$9.9M
$8.7M
Net Profit
$-84.3M
Gross Margin
78.7%
Operating Margin
-55.9%
-877.4%
Net Margin
-969.5%
Revenue YoY
74.0%
Net Profit YoY
-150.7%
EPS (diluted)
$-1.28

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
MAAS
MAAS
NUVL
NUVL
Q3 24
$8.7M
Q2 24
$8.1M
Q1 24
$8.5M
Q3 23
$5.0M
Q2 23
$5.1M
Q1 23
$5.0M
Q4 22
$9.9M
Net Profit
MAAS
MAAS
NUVL
NUVL
Q3 24
$-84.3M
Q2 24
$-57.2M
Q1 24
$-44.5M
Q3 23
$-33.6M
Q2 23
$-29.1M
Q1 23
$-25.2M
Q4 22
Gross Margin
MAAS
MAAS
NUVL
NUVL
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Q1 23
Q4 22
78.7%
Operating Margin
MAAS
MAAS
NUVL
NUVL
Q3 24
-877.4%
Q2 24
-804.3%
Q1 24
-618.7%
Q3 23
-775.7%
Q2 23
-667.9%
Q1 23
-604.2%
Q4 22
-55.9%
Net Margin
MAAS
MAAS
NUVL
NUVL
Q3 24
-969.5%
Q2 24
-705.8%
Q1 24
-523.3%
Q3 23
-672.9%
Q2 23
-570.4%
Q1 23
-503.8%
Q4 22
EPS (diluted)
MAAS
MAAS
NUVL
NUVL
Q3 24
$-1.28
Q2 24
$-0.88
Q1 24
$-0.69
Q3 23
$-0.59
Q2 23
$-0.51
Q1 23
$-0.44
Q4 22

Balance Sheet & Financial Strength

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

Metric
MAAS
MAAS
NUVL
NUVL
Cash + ST InvestmentsLiquidity on hand
$10.9M
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$31.6M
$1.1B
Total Assets
$47.0M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAAS
MAAS
NUVL
NUVL
Q3 24
$1.2B
Q2 24
$658.0M
Q1 24
$691.8M
Q3 23
$413.3M
Q2 23
$431.2M
Q1 23
$450.5M
Q4 22
$10.9M
Stockholders' Equity
MAAS
MAAS
NUVL
NUVL
Q3 24
$1.1B
Q2 24
$637.0M
Q1 24
$675.0M
Q3 23
$396.0M
Q2 23
$421.2M
Q1 23
$444.0M
Q4 22
$31.6M
Total Assets
MAAS
MAAS
NUVL
NUVL
Q3 24
$1.2B
Q2 24
$675.2M
Q1 24
$708.5M
Q3 23
$425.1M
Q2 23
$441.9M
Q1 23
$461.0M
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
NUVL
NUVL
Operating Cash FlowLast quarter
$-18.2M
$-45.8M
Free Cash FlowOCF − Capex
$-18.3M
FCF MarginFCF / Revenue
-184.4%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAAS
MAAS
NUVL
NUVL
Q3 24
$-45.8M
Q2 24
$-41.2M
Q1 24
$-36.1M
Q3 23
$-23.0M
Q2 23
$-22.1M
Q1 23
$-24.4M
Q4 22
$-18.2M
Free Cash Flow
MAAS
MAAS
NUVL
NUVL
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Q1 23
Q4 22
$-18.3M
FCF Margin
MAAS
MAAS
NUVL
NUVL
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Q1 23
Q4 22
-184.4%
Capex Intensity
MAAS
MAAS
NUVL
NUVL
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Q1 23
Q4 22
1.0%

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%

NUVL
NUVL

Segment breakdown not available.

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