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

NRX Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($983.0K vs $893.0K, roughly 1.1× TherapeuticsMD, Inc.).

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.

Nektar Therapeutics is an American biopharmaceutical company. The company was founded in 1990 and is based in San Francisco, California. The company develops new drug candidates by applying its proprietary PEGylation and advanced polymer conjugate technologies to modify chemical structure of substances, which improves drug characteristics like retention and solubility. It is a technology supplier to a number of pharmaceutical companies including Affymax, Amgen, Merck, Pfizer and UCB Pharma, e...

NRXP vs TXMD — Head-to-Head

Bigger by revenue
NRXP
NRXP
1.1× larger
NRXP
$983.0K
$893.0K
TXMD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NRXP
NRXP
TXMD
TXMD
Revenue
$983.0K
$893.0K
Net Profit
$361.0K
Gross Margin
Operating Margin
Net Margin
36.7%
Revenue YoY
33.9%
Net Profit YoY
104.0%
-345.6%
EPS (diluted)

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
TXMD
TXMD
Q4 25
$983.0K
$893.0K
Q3 25
$242.0K
$784.0K
Q2 25
$0
$952.0K
Q1 25
$0
$393.0K
Q4 24
$667.0K
Q3 24
$0
$547.0K
Q2 24
$234.0K
Q1 24
$313.0K
Net Profit
NRXP
NRXP
TXMD
TXMD
Q4 25
$361.0K
Q3 25
$-5.9M
$152.0K
Q2 25
$-17.6M
$551.0K
Q1 25
$-5.5M
$-653.0K
Q4 24
Q3 24
$-1.6M
$-609.0K
Q2 24
$-1.1M
Q1 24
$-734.0K
Gross Margin
NRXP
NRXP
TXMD
TXMD
Q4 25
Q3 25
59.9%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
NRXP
NRXP
TXMD
TXMD
Q4 25
Q3 25
-1662.8%
-109.9%
Q2 25
-73.0%
Q1 25
-221.6%
Q4 24
Q3 24
-207.3%
Q2 24
-1191.9%
Q1 24
-364.9%
Net Margin
NRXP
NRXP
TXMD
TXMD
Q4 25
36.7%
Q3 25
-2433.9%
19.4%
Q2 25
57.9%
Q1 25
-166.2%
Q4 24
Q3 24
-111.3%
Q2 24
-465.8%
Q1 24
-234.5%
EPS (diluted)
NRXP
NRXP
TXMD
TXMD
Q4 25
Q3 25
$0.01
Q2 25
$0.05
Q1 25
$-0.06
Q4 24
Q3 24
$-0.05
Q2 24
$-0.09
Q1 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
NRXP
NRXP
TXMD
TXMD
Cash + ST InvestmentsLiquidity on hand
$7.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-15.9M
$26.9M
Total Assets
$13.0M
$37.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRXP
NRXP
TXMD
TXMD
Q4 25
$7.8M
Q3 25
$7.2M
Q2 25
$2.9M
Q1 25
$5.5M
$5.7M
Q4 24
$5.1M
Q3 24
$1.6M
Q2 24
Q1 24
Stockholders' Equity
NRXP
NRXP
TXMD
TXMD
Q4 25
$-15.9M
$26.9M
Q3 25
$-25.8M
$27.4M
Q2 25
$-35.6M
$27.3M
Q1 25
$-25.2M
$26.7M
Q4 24
$27.4M
Q3 24
$-18.8M
$27.1M
Q2 24
$27.7M
Q1 24
$28.7M
Total Assets
NRXP
NRXP
TXMD
TXMD
Q4 25
$13.0M
$37.7M
Q3 25
$15.0M
$38.7M
Q2 25
$4.8M
$38.5M
Q1 25
$7.6M
$38.2M
Q4 24
$38.8M
Q3 24
$4.5M
Q2 24
$40.1M
Q1 24

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
TXMD
TXMD
Operating Cash FlowLast quarter
$-3.7M
$2.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
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
TXMD
TXMD
Q4 25
$-3.7M
$2.5M
Q3 25
$-2.9M
$999.0K
Q2 25
$-4.0M
$381.0K
Q1 25
$-3.5M
$699.0K
Q4 24
$1.2M
Q3 24
$-2.3M
$-71.0K
Q2 24
$1.5M
Q1 24
$-229.0K
Cash Conversion
NRXP
NRXP
TXMD
TXMD
Q4 25
-10.29×
Q3 25
6.57×
Q2 25
0.69×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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