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Side-by-side financial comparison of Momentus Inc. (MNTS) and PALVELLA THERAPEUTICS, INC. (PVLA). Click either name above to swap in a different company.

PALVELLA THERAPEUTICS, INC. is the larger business by last-quarter revenue ($520.0K vs $363.0K, roughly 1.4× Momentus Inc.). On growth, Momentus Inc. posted the faster year-over-year revenue change (27.4% vs 14.3%). Over the past eight quarters, Momentus Inc.'s revenue compounded faster (-15.9% CAGR vs -36.7%).

Momentus Inc, sometimes styled Momentus space, is an American spaceflight company founded by Mikhail Kokorich in 2017. The company is focused on offering space infrastructure services in the form of on-orbit services. The company advertises three orbital tug services which are based around spacecraft electric propulsion and vary in payload mass and Delta-v. As of late 2022 the company has launched one demonstration mission, which produced mixed results.

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.

MNTS vs PVLA — Head-to-Head

Bigger by revenue
PVLA
PVLA
1.4× larger
PVLA
$520.0K
$363.0K
MNTS
Growing faster (revenue YoY)
MNTS
MNTS
+13.1% gap
MNTS
27.4%
14.3%
PVLA
Faster 2-yr revenue CAGR
MNTS
MNTS
Annualised
MNTS
-15.9%
-36.7%
PVLA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MNTS
MNTS
PVLA
PVLA
Revenue
$363.0K
$520.0K
Net Profit
Gross Margin
100.0%
Operating Margin
-2446.3%
Net Margin
Revenue YoY
27.4%
14.3%
Net Profit YoY
-221.8%
EPS (diluted)
$-45.15

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
MNTS
MNTS
PVLA
PVLA
Q4 25
$363.0K
$520.0K
Q3 25
$234.0K
$628.0K
Q2 25
$191.0K
$690.0K
Q1 25
$322.0K
$752.0K
Q4 24
$285.0K
Q3 24
$107.0K
$0
Q2 24
$1.2M
$0
Q1 24
$513.0K
$53.0K
Net Profit
MNTS
MNTS
PVLA
PVLA
Q4 25
Q3 25
$-11.1M
$-11.3M
Q2 25
$-6.5M
$-9.5M
Q1 25
$-6.2M
$-8.2M
Q4 24
Q3 24
$-7.8M
$-6.8M
Q2 24
$-7.0M
$-4.2M
Q1 24
$-8.3M
$-2.5M
Gross Margin
MNTS
MNTS
PVLA
PVLA
Q4 25
100.0%
Q3 25
100.0%
Q2 25
99.0%
Q1 25
100.0%
Q4 24
100.0%
Q3 24
38.3%
Q2 24
100.0%
Q1 24
100.0%
Operating Margin
MNTS
MNTS
PVLA
PVLA
Q4 25
-2446.3%
Q3 25
-2669.2%
-1620.5%
Q2 25
-3112.0%
-1340.6%
Q1 25
-1920.8%
-1046.7%
Q4 24
-2385.6%
Q3 24
-7096.3%
Q2 24
-576.0%
Q1 24
-1623.2%
-3318.9%
Net Margin
MNTS
MNTS
PVLA
PVLA
Q4 25
Q3 25
-4732.5%
-1806.5%
Q2 25
-3377.0%
-1372.6%
Q1 25
-1916.8%
-1088.4%
Q4 24
Q3 24
-7250.5%
Q2 24
-580.3%
Q1 24
-1620.5%
-4784.9%
EPS (diluted)
MNTS
MNTS
PVLA
PVLA
Q4 25
$-45.15
Q3 25
$-1.08
$-1.03
Q2 25
$-1.23
$-0.86
Q1 25
$-1.64
$-0.74
Q4 24
$-392.58
Q3 24
$-6.26
$-3.94
Q2 24
$-5.92
$-2.47
Q1 24
$-9.25
$-1.54

Balance Sheet & Financial Strength

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

Metric
MNTS
MNTS
PVLA
PVLA
Cash + ST InvestmentsLiquidity on hand
$12.8M
$58.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.1M
$28.0M
Total Assets
$40.3M
$59.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MNTS
MNTS
PVLA
PVLA
Q4 25
$12.8M
$58.0M
Q3 25
$670.0K
$63.6M
Q2 25
$132.0K
$70.4M
Q1 25
$3.4M
$75.6M
Q4 24
$1.6M
Q3 24
$798.0K
$19.4M
Q2 24
$897.0K
$19.7M
Q1 24
$1.7M
$19.1M
Stockholders' Equity
MNTS
MNTS
PVLA
PVLA
Q4 25
$17.1M
$28.0M
Q3 25
$-694.0K
$38.7M
Q2 25
$-10.0M
$47.8M
Q1 25
$-6.0M
$55.6M
Q4 24
$-7.8M
Q3 24
$-5.4M
$-87.4M
Q2 24
$-1.8M
$-80.8M
Q1 24
$3.5M
$-76.9M
Total Assets
MNTS
MNTS
PVLA
PVLA
Q4 25
$40.3M
$59.6M
Q3 25
$19.6M
$66.9M
Q2 25
$9.2M
$73.7M
Q1 25
$11.7M
$79.4M
Q4 24
$10.0M
Q3 24
$14.1M
$20.5M
Q2 24
$15.0M
$25.1M
Q1 24
$18.7M
$29.5M

Cash Flow & Capital Efficiency

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

Metric
MNTS
MNTS
PVLA
PVLA
Operating Cash FlowLast quarter
$-10.5M
$-25.0M
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
MNTS
MNTS
PVLA
PVLA
Q4 25
$-10.5M
$-25.0M
Q3 25
$-5.3M
$-7.9M
Q2 25
$-3.2M
$-5.4M
Q1 25
$-4.2M
$-6.8M
Q4 24
$-5.7M
Q3 24
$-4.5M
$-2.7M
Q2 24
$-1.1M
$-1.6M
Q1 24
$-5.3M
$-1.1M
Capex Intensity
MNTS
MNTS
PVLA
PVLA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
0.0%

Financial Flow Comparison

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

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