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Side-by-side financial comparison of Hello Group Inc. (MOMO) and Ultragenyx Pharmaceutical Inc. (RARE). Click either name above to swap in a different company.

Hello Group Inc. is the larger business by last-quarter revenue ($368.3M vs $207.3M, roughly 1.8× Ultragenyx Pharmaceutical Inc.). Hello Group Inc. runs the higher net margin — 9.2% vs -62.0%, a 71.3% gap on every dollar of revenue. Over the past eight quarters, Ultragenyx Pharmaceutical Inc.'s revenue compounded faster (38.0% CAGR vs -63.8%).

Hello Sunshine is an American media company founded by actress Reese Witherspoon and Strand Equity founder and managing partner Seth Rodsky in 2016.

Ultragenyx Pharmaceutical Inc. is an American biopharmaceutical company involved in the research and development of novel products for treatment of rare and ultra-rare genetic diseases for which there are typically no approved treatments and high unmet medical need. The company works with multiple drug modalities including biologics, small molecule, gene therapies, and ASO and mRNAs in the disease categories of bone, endocrine, metabolic, muscle and CNS diseases.

MOMO vs RARE — Head-to-Head

Bigger by revenue
MOMO
MOMO
1.8× larger
MOMO
$368.3M
$207.3M
RARE
Higher net margin
MOMO
MOMO
71.3% more per $
MOMO
9.2%
-62.0%
RARE
Faster 2-yr revenue CAGR
RARE
RARE
Annualised
RARE
38.0%
-63.8%
MOMO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MOMO
MOMO
RARE
RARE
Revenue
$368.3M
$207.3M
Net Profit
$34.0M
$-128.6M
Gross Margin
Operating Margin
-54.7%
Net Margin
9.2%
-62.0%
Revenue YoY
25.9%
Net Profit YoY
3.5%
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
MOMO
MOMO
RARE
RARE
Q1 26
$368.3M
Q4 25
$207.3M
Q3 25
$372.3M
$159.9M
Q2 25
$365.8M
$166.5M
Q1 25
$139.3M
Q4 24
$164.6M
Q3 24
$381.1M
$139.5M
Q2 24
$2.5B
$147.0M
Net Profit
MOMO
MOMO
RARE
RARE
Q1 26
$34.0M
Q4 25
$-128.6M
Q3 25
$49.1M
$-180.4M
Q2 25
$-19.5M
$-115.0M
Q1 25
$-151.1M
Q4 24
$-133.2M
Q3 24
$64.0M
$-133.5M
Q2 24
$54.7M
$-131.6M
Gross Margin
MOMO
MOMO
RARE
RARE
Q1 26
Q4 25
Q3 25
37.4%
Q2 25
38.6%
Q1 25
Q4 24
Q3 24
39.3%
Q2 24
39.3%
Operating Margin
MOMO
MOMO
RARE
RARE
Q1 26
Q4 25
-54.7%
Q3 25
13.0%
-106.9%
Q2 25
15.4%
-64.8%
Q1 25
-102.6%
Q4 24
-74.3%
Q3 24
15.4%
-94.6%
Q2 24
26.3%
-79.1%
Net Margin
MOMO
MOMO
RARE
RARE
Q1 26
9.2%
Q4 25
-62.0%
Q3 25
13.2%
-112.8%
Q2 25
-5.3%
-69.0%
Q1 25
-108.5%
Q4 24
-80.9%
Q3 24
16.8%
-95.7%
Q2 24
2.2%
-89.5%
EPS (diluted)
MOMO
MOMO
RARE
RARE
Q1 26
Q4 25
$-1.28
Q3 25
$-1.81
Q2 25
$-1.17
Q1 25
$-1.57
Q4 24
$-1.34
Q3 24
$-1.40
Q2 24
$-1.52

Balance Sheet & Financial Strength

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

Metric
MOMO
MOMO
RARE
RARE
Cash + ST InvestmentsLiquidity on hand
$760.8M
$421.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-80.0M
Total Assets
$2.0B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MOMO
MOMO
RARE
RARE
Q1 26
$760.8M
Q4 25
$421.0M
Q3 25
$588.9M
$202.5M
Q2 25
$700.4M
$176.3M
Q1 25
$127.1M
Q4 24
$174.0M
Q3 24
$470.4M
$150.6M
Q2 24
$819.9M
$480.7M
Stockholders' Equity
MOMO
MOMO
RARE
RARE
Q1 26
Q4 25
$-80.0M
Q3 25
$9.2M
Q2 25
$151.3M
Q1 25
$144.2M
Q4 24
$255.0M
Q3 24
$346.8M
Q2 24
$432.4M
Total Assets
MOMO
MOMO
RARE
RARE
Q1 26
$2.0B
Q4 25
$1.5B
Q3 25
$1.9B
$1.2B
Q2 25
$2.3B
$1.3B
Q1 25
$1.3B
Q4 24
$1.5B
Q3 24
$2.6B
$1.5B
Q2 24
$2.4B
$1.6B

Cash Flow & Capital Efficiency

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

Metric
MOMO
MOMO
RARE
RARE
Operating Cash FlowLast quarter
$-99.8M
Free Cash FlowOCF − Capex
$-100.8M
FCF MarginFCF / Revenue
-48.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-472.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MOMO
MOMO
RARE
RARE
Q1 26
Q4 25
$-99.8M
Q3 25
$20.2M
$-91.4M
Q2 25
$34.9M
$-108.3M
Q1 25
$-166.5M
Q4 24
$-79.3M
Q3 24
$-67.0M
Q2 24
$65.4M
$-77.0M
Free Cash Flow
MOMO
MOMO
RARE
RARE
Q1 26
Q4 25
$-100.8M
Q3 25
$3.5M
$-92.7M
Q2 25
$31.3M
$-110.7M
Q1 25
$-167.8M
Q4 24
$-79.5M
Q3 24
$-68.6M
Q2 24
$37.9M
$-79.0M
FCF Margin
MOMO
MOMO
RARE
RARE
Q1 26
Q4 25
-48.6%
Q3 25
1.0%
-58.0%
Q2 25
8.5%
-66.5%
Q1 25
-120.5%
Q4 24
-48.3%
Q3 24
-49.2%
Q2 24
1.5%
-53.7%
Capex Intensity
MOMO
MOMO
RARE
RARE
Q1 26
Q4 25
0.5%
Q3 25
4.5%
0.8%
Q2 25
1.0%
1.5%
Q1 25
1.0%
Q4 24
0.1%
Q3 24
1.2%
Q2 24
1.1%
1.4%
Cash Conversion
MOMO
MOMO
RARE
RARE
Q1 26
Q4 25
Q3 25
0.41×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
1.19×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MOMO
MOMO

Segment breakdown not available.

RARE
RARE

Royalty$105.6M51%
Products$101.7M49%

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