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Side-by-side financial comparison of NeoVolta Inc. (NEOV) and Sunshine Biopharma Inc. (SBFM). Click either name above to swap in a different company.

Sunshine Biopharma Inc. is the larger business by last-quarter revenue ($8.6M vs $4.6M, roughly 1.8× NeoVolta Inc.). Sunshine Biopharma Inc. runs the higher net margin — -25.0% vs -119.2%, a 94.3% gap on every dollar of revenue. On growth, NeoVolta Inc. posted the faster year-over-year revenue change (333.5% vs -10.6%). Over the past eight quarters, NeoVolta Inc.'s revenue compounded faster (304.5% CAGR vs 6.6%).

NeoVolta Inc. designs, manufactures and distributes intelligent lithium iron phosphate energy storage systems for residential and commercial use. Its products combine battery packs, inverters and smart management software to store solar power, cut grid dependence and offer outage backup, with core business focused on the North American market.

Sunshine Biopharma Inc. is a clinical-stage biopharmaceutical company focused on researching, developing and commercializing innovative therapies for oncology, neurodegenerative disorders and infectious diseases. It targets unmet medical needs across global markets, with a pipeline of targeted therapeutic candidates designed to improve patient treatment outcomes.

NEOV vs SBFM — Head-to-Head

Bigger by revenue
SBFM
SBFM
1.8× larger
SBFM
$8.6M
$4.6M
NEOV
Growing faster (revenue YoY)
NEOV
NEOV
+344.1% gap
NEOV
333.5%
-10.6%
SBFM
Higher net margin
SBFM
SBFM
94.3% more per $
SBFM
-25.0%
-119.2%
NEOV
Faster 2-yr revenue CAGR
NEOV
NEOV
Annualised
NEOV
304.5%
6.6%
SBFM

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
NEOV
NEOV
SBFM
SBFM
Revenue
$4.6M
$8.6M
Net Profit
$-5.5M
$-2.1M
Gross Margin
16.6%
35.3%
Operating Margin
-96.4%
-20.9%
Net Margin
-119.2%
-25.0%
Revenue YoY
333.5%
-10.6%
Net Profit YoY
-470.3%
0.8%
EPS (diluted)
$-0.16

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
NEOV
NEOV
SBFM
SBFM
Q4 25
$4.6M
$8.6M
Q3 25
$6.7M
$9.4M
Q2 25
$4.8M
$9.4M
Q1 25
$2.0M
$8.9M
Q4 24
$1.1M
$9.6M
Q3 24
$590.2K
$8.4M
Q2 24
$579.2K
$9.3M
Q1 24
$283.9K
$7.5M
Net Profit
NEOV
NEOV
SBFM
SBFM
Q4 25
$-5.5M
$-2.1M
Q3 25
$-1.2M
$-883.8K
Q2 25
$-1.6M
$-1.8M
Q1 25
$-1.4M
$-1.2M
Q4 24
$-971.1K
$-2.2M
Q3 24
$-964.5K
$-1.2M
Q2 24
$-494.3K
Q1 24
$-589.5K
$-1.3M
Gross Margin
NEOV
NEOV
SBFM
SBFM
Q4 25
16.6%
35.3%
Q3 25
23.7%
32.6%
Q2 25
12.1%
36.4%
Q1 25
25.5%
30.7%
Q4 24
30.2%
32.2%
Q3 24
15.7%
34.0%
Q2 24
3.0%
25.3%
Q1 24
58.5%
31.2%
Operating Margin
NEOV
NEOV
SBFM
SBFM
Q4 25
-96.4%
-20.9%
Q3 25
-12.8%
-11.5%
Q2 25
-30.2%
-21.8%
Q1 25
-68.1%
-14.6%
Q4 24
-88.4%
-21.7%
Q3 24
-163.6%
-13.1%
Q2 24
-13.6%
Q1 24
-211.5%
-17.9%
Net Margin
NEOV
NEOV
SBFM
SBFM
Q4 25
-119.2%
-25.0%
Q3 25
-18.7%
-9.4%
Q2 25
-34.7%
-18.8%
Q1 25
-72.0%
-13.3%
Q4 24
-90.6%
-22.5%
Q3 24
-163.4%
-14.2%
Q2 24
-5.3%
Q1 24
-207.6%
-17.0%
EPS (diluted)
NEOV
NEOV
SBFM
SBFM
Q4 25
$-0.16
Q3 25
$-0.04
$-0.54
Q2 25
$-0.05
$-0.82
Q1 25
$-0.04
$-0.44
Q4 24
$-0.03
$49.77
Q3 24
$-0.03
$-11.61
Q2 24
$-43.48
Q1 24
$-0.02
$-2.00

Balance Sheet & Financial Strength

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

Metric
NEOV
NEOV
SBFM
SBFM
Cash + ST InvestmentsLiquidity on hand
$242.4K
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0M
$23.0M
Total Assets
$10.1M
$30.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEOV
NEOV
SBFM
SBFM
Q4 25
$242.4K
Q3 25
$889.8K
Q2 25
$794.8K
Q1 25
$536.0K
Q4 24
$328.7K
Q3 24
$393.4K
Q2 24
$986.4K
Q1 24
$1.0M
Stockholders' Equity
NEOV
NEOV
SBFM
SBFM
Q4 25
$5.0M
$23.0M
Q3 25
$2.1M
$24.2M
Q2 25
$2.9M
$25.7M
Q1 25
$3.8M
$22.7M
Q4 24
$3.3M
$23.5M
Q3 24
$3.9M
$25.0M
Q2 24
$4.6M
$23.5M
Q1 24
$5.1M
$24.8M
Total Assets
NEOV
NEOV
SBFM
SBFM
Q4 25
$10.1M
$30.1M
Q3 25
$8.4M
$31.5M
Q2 25
$6.8M
$32.0M
Q1 25
$5.7M
$29.2M
Q4 24
$4.0M
$30.6M
Q3 24
$4.2M
$30.1M
Q2 24
$4.7M
$29.3M
Q1 24
$5.2M
$31.9M

Cash Flow & Capital Efficiency

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

Metric
NEOV
NEOV
SBFM
SBFM
Operating Cash FlowLast quarter
$-2.1M
$-1.6M
Free Cash FlowOCF − Capex
$-1.6M
FCF MarginFCF / Revenue
-18.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NEOV
NEOV
SBFM
SBFM
Q4 25
$-2.1M
$-1.6M
Q3 25
$-2.5M
$-727.8K
Q2 25
$-924.2K
$-1.3M
Q1 25
$-2.1M
$-1.7M
Q4 24
$-858.3K
$-3.4M
Q3 24
$-593.0K
$-1.4M
Q2 24
$-1.0M
$-4.6M
Q1 24
$-485.3K
$-3.2M
Free Cash Flow
NEOV
NEOV
SBFM
SBFM
Q4 25
$-1.6M
Q3 25
$-735.8K
Q2 25
$-1.4M
Q1 25
$-1.7M
Q4 24
$-3.5M
Q3 24
$-1.9M
Q2 24
$-5.6M
Q1 24
$-3.2M
FCF Margin
NEOV
NEOV
SBFM
SBFM
Q4 25
-18.9%
Q3 25
-7.8%
Q2 25
-15.2%
Q1 25
-19.3%
Q4 24
-36.6%
Q3 24
-22.2%
Q2 24
-59.7%
Q1 24
-43.1%
Capex Intensity
NEOV
NEOV
SBFM
SBFM
Q4 25
0.0%
Q3 25
0.1%
Q2 25
1.7%
Q1 25
0.1%
Q4 24
1.1%
Q3 24
6.1%
Q2 24
10.5%
Q1 24
0.8%

Financial Flow Comparison

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

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