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Side-by-side financial comparison of Neuphoria Therapeutics Inc. (NEUP) and WINMARK CORP (WINA). Click either name above to swap in a different company.

WINMARK CORP is the larger business by last-quarter revenue ($21.1M vs $15.0M, roughly 1.4× Neuphoria Therapeutics Inc.). Neuphoria Therapeutics Inc. runs the higher net margin — 75.1% vs 47.2%, a 27.8% gap on every dollar of revenue.

Neuphoria Therapeutics Inc is a clinical-stage biopharmaceutical company focused on researching and developing innovative targeted therapies for unmet medical needs in neurological and psychiatric conditions, including anxiety, treatment-resistant depression, and other central nervous system disorders. Its core R&D efforts prioritize delivering safer, more effective treatment options for patient groups with limited existing care alternatives.

Winmark Corporation is an American franchisor of five retail businesses that specialize in buying and selling used goods. The company is based in Minneapolis, Minnesota. Winmark was founded in 1988 as Play It Again Sports Franchise Corporation by Ron Olson and Jeffrey Dahlberg after they purchased the Play It Again Sports franchise rights from Martha Morris. They renamed the company to Grow Biz International Inc. in June 1993. Grow Biz went public in August 1993. In 2000, John Morgan replaced...

NEUP vs WINA — Head-to-Head

Bigger by revenue
WINA
WINA
1.4× larger
WINA
$21.1M
$15.0M
NEUP
Higher net margin
NEUP
NEUP
27.8% more per $
NEUP
75.1%
47.2%
WINA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NEUP
NEUP
WINA
WINA
Revenue
$15.0M
$21.1M
Net Profit
$11.3M
$10.0M
Gross Margin
Operating Margin
79.8%
61.7%
Net Margin
75.1%
47.2%
Revenue YoY
7.9%
Net Profit YoY
3.9%
EPS (diluted)
$6.55
$2.68

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
NEUP
NEUP
WINA
WINA
Q4 25
$21.1M
Q3 25
$22.6M
Q2 25
$20.4M
Q1 25
$15.0M
$21.9M
Q4 24
$19.5M
Q3 24
$21.5M
Q2 24
$20.1M
Q1 24
$20.1M
Net Profit
NEUP
NEUP
WINA
WINA
Q4 25
$10.0M
Q3 25
$11.1M
Q2 25
$10.6M
Q1 25
$11.3M
$10.0M
Q4 24
$9.6M
Q3 24
$11.1M
Q2 24
$10.4M
Q1 24
$8.8M
Operating Margin
NEUP
NEUP
WINA
WINA
Q4 25
61.7%
Q3 25
65.9%
Q2 25
64.0%
Q1 25
79.8%
62.0%
Q4 24
65.3%
Q3 24
69.4%
Q2 24
64.7%
Q1 24
60.8%
Net Margin
NEUP
NEUP
WINA
WINA
Q4 25
47.2%
Q3 25
49.2%
Q2 25
51.9%
Q1 25
75.1%
45.4%
Q4 24
49.0%
Q3 24
51.7%
Q2 24
51.8%
Q1 24
43.9%
EPS (diluted)
NEUP
NEUP
WINA
WINA
Q4 25
$2.68
Q3 25
$3.02
Q2 25
$2.89
Q1 25
$6.55
$2.71
Q4 24
$2.60
Q3 24
$3.03
Q2 24
$2.85
Q1 24
$2.41

Balance Sheet & Financial Strength

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

Metric
NEUP
NEUP
WINA
WINA
Cash + ST InvestmentsLiquidity on hand
$17.0M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.0M
$-53.7M
Total Assets
$30.7M
$24.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEUP
NEUP
WINA
WINA
Q4 25
$10.3M
Q3 25
$39.7M
Q2 25
$28.8M
Q1 25
$17.0M
$21.8M
Q4 24
$12.2M
Q3 24
$37.2M
Q2 24
$29.4M
Q1 24
$22.9M
Stockholders' Equity
NEUP
NEUP
WINA
WINA
Q4 25
$-53.7M
Q3 25
$-26.3M
Q2 25
$-36.8M
Q1 25
$26.0M
$-45.9M
Q4 24
$-51.0M
Q3 24
$-33.7M
Q2 24
$-42.2M
Q1 24
$-52.6M
Total Assets
NEUP
NEUP
WINA
WINA
Q4 25
$24.9M
Q3 25
$53.7M
Q2 25
$43.2M
Q1 25
$30.7M
$37.1M
Q4 24
$26.8M
Q3 24
$52.0M
Q2 24
$44.7M
Q1 24
$38.3M

Cash Flow & Capital Efficiency

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

Metric
NEUP
NEUP
WINA
WINA
Operating Cash FlowLast quarter
$11.5M
$8.5M
Free Cash FlowOCF − Capex
$8.5M
FCF MarginFCF / Revenue
40.3%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.02×
0.86×
TTM Free Cash FlowTrailing 4 quarters
$44.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NEUP
NEUP
WINA
WINA
Q4 25
$8.5M
Q3 25
$12.3M
Q2 25
$9.0M
Q1 25
$11.5M
$15.1M
Q4 24
$8.5M
Q3 24
$12.1M
Q2 24
$8.2M
Q1 24
$13.4M
Free Cash Flow
NEUP
NEUP
WINA
WINA
Q4 25
$8.5M
Q3 25
$12.2M
Q2 25
$9.0M
Q1 25
$15.0M
Q4 24
Q3 24
$12.1M
Q2 24
$8.1M
Q1 24
$13.3M
FCF Margin
NEUP
NEUP
WINA
WINA
Q4 25
40.3%
Q3 25
53.8%
Q2 25
44.0%
Q1 25
68.6%
Q4 24
Q3 24
56.3%
Q2 24
40.4%
Q1 24
66.0%
Capex Intensity
NEUP
NEUP
WINA
WINA
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.2%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.5%
Q1 24
0.4%
Cash Conversion
NEUP
NEUP
WINA
WINA
Q4 25
0.86×
Q3 25
1.10×
Q2 25
0.85×
Q1 25
1.02×
1.51×
Q4 24
0.88×
Q3 24
1.09×
Q2 24
0.79×
Q1 24
1.52×

Financial Flow Comparison

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

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