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Side-by-side financial comparison of MOGU Inc. (MOGU) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

X4 Pharmaceuticals, Inc is the larger business by last-quarter revenue ($28.8M vs $19.5M, roughly 1.5× MOGU Inc.). X4 Pharmaceuticals, Inc runs the higher net margin — 1.0% vs -44.3%, a 45.3% gap on every dollar of revenue.

Mogu Mogu is a brand of fruit-flavoured drink with pieces of nata de coco, produced by Thailand-based Sappe Public Company Limited and exported to many international markets, especially South Korea, the Philippines, Indonesia and France.

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

MOGU vs XFOR — Head-to-Head

Bigger by revenue
XFOR
XFOR
1.5× larger
XFOR
$28.8M
$19.5M
MOGU
Higher net margin
XFOR
XFOR
45.3% more per $
XFOR
1.0%
-44.3%
MOGU

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
MOGU
MOGU
XFOR
XFOR
Revenue
$19.5M
$28.8M
Net Profit
$-8.6M
$282.0K
Gross Margin
0.0%
83.6%
Operating Margin
-71.6%
-32.8%
Net Margin
-44.3%
1.0%
Revenue YoY
-12.4%
Net Profit YoY
-5.0%
100.5%
EPS (diluted)
$0.00
$0.04

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
MOGU
MOGU
XFOR
XFOR
Q1 25
$19.5M
$28.8M
Q1 24
$22.2M
$0
Q3 23
$0
Q2 23
$0
Net Profit
MOGU
MOGU
XFOR
XFOR
Q1 25
$-8.6M
$282.0K
Q1 24
$-8.2M
$-51.8M
Q3 23
$-2.3M
Q2 23
$-55.7M
Gross Margin
MOGU
MOGU
XFOR
XFOR
Q1 25
0.0%
83.6%
Q1 24
0.0%
Q3 23
Q2 23
Operating Margin
MOGU
MOGU
XFOR
XFOR
Q1 25
-71.6%
-32.8%
Q1 24
-49.4%
Q3 23
Q2 23
Net Margin
MOGU
MOGU
XFOR
XFOR
Q1 25
-44.3%
1.0%
Q1 24
-37.0%
Q3 23
Q2 23
EPS (diluted)
MOGU
MOGU
XFOR
XFOR
Q1 25
$0.00
$0.04
Q1 24
$0.00
$-7.77
Q3 23
$-0.01
Q2 23
$-0.33

Balance Sheet & Financial Strength

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

Metric
MOGU
MOGU
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$52.3M
$40.3M
Total DebtLower is stronger
$75.0M
Stockholders' EquityBook value
$70.1M
$22.9M
Total Assets
$118.3M
$130.0M
Debt / EquityLower = less leverage
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MOGU
MOGU
XFOR
XFOR
Q1 25
$52.3M
$40.3M
Q1 24
$58.2M
$60.5M
Q3 23
$131.6M
Q2 23
$136.4M
Total Debt
MOGU
MOGU
XFOR
XFOR
Q1 25
$75.0M
Q1 24
$55.0M
Q3 23
$55.0M
Q2 23
$32.5M
Stockholders' Equity
MOGU
MOGU
XFOR
XFOR
Q1 25
$70.1M
$22.9M
Q1 24
$81.5M
$1.0M
Q3 23
$67.6M
Q2 23
$67.5M
Total Assets
MOGU
MOGU
XFOR
XFOR
Q1 25
$118.3M
$130.0M
Q1 24
$130.0M
$112.2M
Q3 23
$173.3M
Q2 23
$173.4M
Debt / Equity
MOGU
MOGU
XFOR
XFOR
Q1 25
3.27×
Q1 24
53.09×
Q3 23
0.81×
Q2 23
0.48×

Cash Flow & Capital Efficiency

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

Metric
MOGU
MOGU
XFOR
XFOR
Operating Cash FlowLast quarter
$-9.4M
$-12.4M
Free Cash FlowOCF − Capex
$-10.7M
FCF MarginFCF / Revenue
-55.2%
Capex IntensityCapex / Revenue
7.1%
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MOGU
MOGU
XFOR
XFOR
Q1 25
$-9.4M
$-12.4M
Q1 24
$-5.6M
$-33.6M
Q3 23
$-68.8M
Q2 23
$-47.9M
Free Cash Flow
MOGU
MOGU
XFOR
XFOR
Q1 25
$-10.7M
Q1 24
$-18.6M
$-33.7M
Q3 23
$-68.8M
Q2 23
$-47.9M
FCF Margin
MOGU
MOGU
XFOR
XFOR
Q1 25
-55.2%
Q1 24
-84.0%
Q3 23
Q2 23
Capex Intensity
MOGU
MOGU
XFOR
XFOR
Q1 25
7.1%
0.0%
Q1 24
58.7%
Q3 23
Q2 23
Cash Conversion
MOGU
MOGU
XFOR
XFOR
Q1 25
-43.86×
Q1 24
Q3 23
Q2 23

Financial Flow Comparison

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

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