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Side-by-side financial comparison of NORTH EUROPEAN OIL ROYALTY TRUST (NRT) and RELMADA THERAPEUTICS, INC. (RLMD). Click either name above to swap in a different company.

NORTH EUROPEAN OIL ROYALTY TRUST is the larger business by last-quarter revenue ($2.2M vs $1.3M, roughly 1.8× RELMADA THERAPEUTICS, INC.). On growth, NORTH EUROPEAN OIL ROYALTY TRUST posted the faster year-over-year revenue change (329.5% vs 13.0%).

North European Oil Royalty Trust is a publicly traded royalty trust holding overriding royalty interests in North Sea oil and gas producing properties. It earns revenue from its assets' production sales, distributing nearly all net income to unitholders regularly, with no active drilling or exploration operations.

Relmada Therapeutics, Inc. is a clinical-stage biotechnology company dedicated to developing novel therapies for central nervous system disorders. Its lead product candidate targets treatment-resistant depression, with ongoing clinical trials to address unmet medical needs in its primary markets of North America and Europe.

NRT vs RLMD — Head-to-Head

Bigger by revenue
NRT
NRT
1.8× larger
NRT
$2.2M
$1.3M
RLMD
Growing faster (revenue YoY)
NRT
NRT
+316.5% gap
NRT
329.5%
13.0%
RLMD

Income Statement — Q1 FY2026 vs Q4 FY2023

Metric
NRT
NRT
RLMD
RLMD
Revenue
$2.2M
$1.3M
Net Profit
$1.9M
Gross Margin
Operating Margin
-2130.6%
Net Margin
87.2%
Revenue YoY
329.5%
13.0%
Net Profit YoY
581.3%
EPS (diluted)
$-0.84

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
NRT
NRT
RLMD
RLMD
Q1 26
$2.2M
Q1 25
$519.4K
Q4 23
$1.3M
Q3 23
$1.3M
Q2 23
$1.4M
Q1 23
$1.2M
Q4 22
$1.1M
Q3 22
$827.6K
Net Profit
NRT
NRT
RLMD
RLMD
Q1 26
$1.9M
Q1 25
$285.5K
Q4 23
Q3 23
$-22.0M
Q2 23
$-25.3M
Q1 23
$-26.3M
Q4 22
$-37.9M
Q3 22
$-39.4M
Operating Margin
NRT
NRT
RLMD
RLMD
Q1 26
Q1 25
Q4 23
-2130.6%
Q3 23
-1717.3%
Q2 23
-1908.9%
Q1 23
-2331.3%
Q4 22
-3472.5%
Q3 22
-4680.6%
Net Margin
NRT
NRT
RLMD
RLMD
Q1 26
87.2%
Q1 25
55.0%
Q4 23
Q3 23
-1665.0%
Q2 23
-1855.9%
Q1 23
-2179.6%
Q4 22
-3404.5%
Q3 22
-4762.9%
EPS (diluted)
NRT
NRT
RLMD
RLMD
Q1 26
Q1 25
Q4 23
$-0.84
Q3 23
$-0.73
Q2 23
$-0.84
Q1 23
$-0.87
Q4 22
Q3 22
$-1.31

Balance Sheet & Financial Strength

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

Metric
NRT
NRT
RLMD
RLMD
Cash + ST InvestmentsLiquidity on hand
$3.9M
$96.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$85.4M
Total Assets
$3.9M
$97.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRT
NRT
RLMD
RLMD
Q1 26
$3.9M
Q1 25
Q4 23
$96.3M
Q3 23
$106.3M
Q2 23
$118.5M
Q1 23
$132.4M
Q4 22
$148.3M
Q3 22
$141.6M
Stockholders' Equity
NRT
NRT
RLMD
RLMD
Q1 26
Q1 25
Q4 23
$85.4M
Q3 23
$100.7M
Q2 23
$111.3M
Q1 23
$125.5M
Q4 22
$140.4M
Q3 22
$166.3M
Total Assets
NRT
NRT
RLMD
RLMD
Q1 26
$3.9M
Q1 25
Q4 23
$97.6M
Q3 23
$109.1M
Q2 23
$122.0M
Q1 23
$135.6M
Q4 22
$152.9M
Q3 22
$187.1M

Cash Flow & Capital Efficiency

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

Metric
NRT
NRT
RLMD
RLMD
Operating Cash FlowLast quarter
$-10.2M
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
NRT
NRT
RLMD
RLMD
Q1 26
Q1 25
Q4 23
$-10.2M
Q3 23
$-11.6M
Q2 23
$-13.3M
Q1 23
$-16.5M
Q4 22
$-35.9M
Q3 22
$-26.9M

Financial Flow Comparison

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

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