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Side-by-side financial comparison of NRX Pharmaceuticals, Inc. (NRXP) and Arcadia Biosciences, Inc. (RKDA). Click either name above to swap in a different company.

NRX Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($983.0K vs $901.0K, roughly 1.1× Arcadia Biosciences, Inc.). NRX Pharmaceuticals, Inc. runs the higher net margin — 36.7% vs -148.3%, a 185.0% gap on every dollar of revenue.

NRX Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative therapies for unmet medical needs in central nervous system disorders, including rare neuropsychiatric conditions. Its main target market is the U.S., with lead product candidates addressing severe mood and trauma-related disorders.

Arcadia Biosciences is a publicly traded American agricultural biotechnology headquartered in Davis, California focused on the development of traits to enhance crop quality and productivity. The company is partly owned by Moral Compass Corporation.

NRXP vs RKDA — Head-to-Head

Bigger by revenue
NRXP
NRXP
1.1× larger
NRXP
$983.0K
$901.0K
RKDA
Higher net margin
NRXP
NRXP
185.0% more per $
NRXP
36.7%
-148.3%
RKDA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NRXP
NRXP
RKDA
RKDA
Revenue
$983.0K
$901.0K
Net Profit
$361.0K
$-1.3M
Gross Margin
21.4%
Operating Margin
-152.8%
Net Margin
36.7%
-148.3%
Revenue YoY
-25.8%
Net Profit YoY
104.0%
67.1%
EPS (diluted)
$-0.97

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
NRXP
NRXP
RKDA
RKDA
Q4 25
$983.0K
$901.0K
Q3 25
$242.0K
$1.3M
Q2 25
$0
$1.5M
Q1 25
$0
$1.2M
Q4 24
$1.2M
Q3 24
$0
$1.5M
Q2 24
$1.3M
Q1 24
$987.0K
Net Profit
NRXP
NRXP
RKDA
RKDA
Q4 25
$361.0K
$-1.3M
Q3 25
$-5.9M
$856.0K
Q2 25
$-17.6M
$-4.5M
Q1 25
$-5.5M
$2.6M
Q4 24
$-4.1M
Q3 24
$-1.6M
$-1.6M
Q2 24
$1.1M
Q1 24
$-2.4M
Gross Margin
NRXP
NRXP
RKDA
RKDA
Q4 25
21.4%
Q3 25
59.9%
32.1%
Q2 25
43.4%
Q1 25
43.2%
Q4 24
31.9%
Q3 24
32.9%
Q2 24
51.5%
Q1 24
52.3%
Operating Margin
NRXP
NRXP
RKDA
RKDA
Q4 25
-152.8%
Q3 25
-1662.8%
-88.5%
Q2 25
-34.4%
Q1 25
44.2%
Q4 24
-187.7%
Q3 24
-114.5%
Q2 24
Q1 24
-160.9%
Net Margin
NRXP
NRXP
RKDA
RKDA
Q4 25
36.7%
-148.3%
Q3 25
-2433.9%
65.7%
Q2 25
-306.4%
Q1 25
216.6%
Q4 24
-334.5%
Q3 24
-104.9%
Q2 24
81.2%
Q1 24
-245.5%
EPS (diluted)
NRXP
NRXP
RKDA
RKDA
Q4 25
$-0.97
Q3 25
$0.62
Q2 25
$-3.26
Q1 25
$1.90
Q4 24
$-2.99
Q3 24
$-1.18
Q2 24
$0.78
Q1 24
$-1.78

Balance Sheet & Financial Strength

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

Metric
NRXP
NRXP
RKDA
RKDA
Cash + ST InvestmentsLiquidity on hand
$7.8M
$4.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-15.9M
$4.1M
Total Assets
$13.0M
$6.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRXP
NRXP
RKDA
RKDA
Q4 25
$7.8M
$4.6M
Q3 25
$7.2M
$5.9M
Q2 25
$2.9M
$4.4M
Q1 25
$5.5M
$3.2M
Q4 24
$4.2M
Q3 24
$1.6M
$6.6M
Q2 24
$8.1M
Q1 24
$8.5M
Stockholders' Equity
NRXP
NRXP
RKDA
RKDA
Q4 25
$-15.9M
$4.1M
Q3 25
$-25.8M
$5.4M
Q2 25
$-35.6M
$4.5M
Q1 25
$-25.2M
$8.9M
Q4 24
$6.2M
Q3 24
$-18.8M
$10.3M
Q2 24
$11.7M
Q1 24
$10.6M
Total Assets
NRXP
NRXP
RKDA
RKDA
Q4 25
$13.0M
$6.5M
Q3 25
$15.0M
$8.6M
Q2 25
$4.8M
$7.8M
Q1 25
$7.6M
$13.0M
Q4 24
$13.5M
Q3 24
$4.5M
$15.2M
Q2 24
$17.4M
Q1 24
$16.0M

Cash Flow & Capital Efficiency

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

Metric
NRXP
NRXP
RKDA
RKDA
Operating Cash FlowLast quarter
$-3.7M
$-861.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-10.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NRXP
NRXP
RKDA
RKDA
Q4 25
$-3.7M
$-861.0K
Q3 25
$-2.9M
$-257.0K
Q2 25
$-4.0M
$-2.0M
Q1 25
$-3.5M
$-1.6M
Q4 24
$-2.2M
Q3 24
$-2.3M
$-1.8M
Q2 24
$-2.5M
Q1 24
$-3.2M
Free Cash Flow
NRXP
NRXP
RKDA
RKDA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-2.5M
Q1 24
$-3.2M
FCF Margin
NRXP
NRXP
RKDA
RKDA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-188.3%
Q1 24
-326.5%
Capex Intensity
NRXP
NRXP
RKDA
RKDA
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.2%
Q1 24
1.3%
Cash Conversion
NRXP
NRXP
RKDA
RKDA
Q4 25
-10.29×
Q3 25
-0.30×
Q2 25
Q1 25
-0.61×
Q4 24
Q3 24
Q2 24
-2.31×
Q1 24

Financial Flow Comparison

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

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