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Side-by-side financial comparison of NEXGEL, INC. (NXGL) and TECOGEN INC. (TGEN). Click either name above to swap in a different company.
TECOGEN INC. is the larger business by last-quarter revenue ($5.3M vs $2.8M, roughly 1.9× NEXGEL, INC.). NEXGEL, INC. runs the higher net margin — -34.7% vs -75.1%, a 40.4% gap on every dollar of revenue. On growth, NEXGEL, INC. posted the faster year-over-year revenue change (-8.1% vs -12.5%). Over the past eight quarters, NEXGEL, INC.'s revenue compounded faster (48.6% CAGR vs -7.3%).
NEXGEL, INC. is a specialty consumer healthcare and medical technology firm that develops, manufactures and distributes ultra-gentle, irritation-free hydrogel products. Its offerings span over-the-counter skincare remedies, wound care solutions, and topical drug delivery platforms, serving consumer, clinical and pharmaceutical partner segments primarily across North America, with growing global distribution channels.
NXGL vs TGEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.8M | $5.3M |
| Net Profit | $-970.0K | $-4.0M |
| Gross Margin | 29.3% | 36.8% |
| Operating Margin | -43.4% | -77.8% |
| Net Margin | -34.7% | -75.1% |
| Revenue YoY | -8.1% | -12.5% |
| Net Profit YoY | -14.1% | -236.7% |
| EPS (diluted) | $-0.12 | $-0.14 |
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.
| Q4 25 | $2.8M | $5.3M | ||
| Q3 25 | $2.9M | $7.2M | ||
| Q2 25 | $2.9M | $7.3M | ||
| Q1 25 | $2.8M | $7.3M | ||
| Q4 24 | $3.0M | $6.1M | ||
| Q3 24 | $2.9M | $5.6M | ||
| Q2 24 | $1.4M | $4.7M | ||
| Q1 24 | $1.3M | $6.2M |
| Q4 25 | $-970.0K | $-4.0M | ||
| Q3 25 | $-653.0K | $-2.1M | ||
| Q2 25 | $-665.0K | $-1.5M | ||
| Q1 25 | $-712.0K | $-659.9K | ||
| Q4 24 | $-850.0K | $-1.2M | ||
| Q3 24 | $-693.0K | $-930.4K | ||
| Q2 24 | $-885.0K | $-1.5M | ||
| Q1 24 | $-853.0K | $-1.1M |
| Q4 25 | 29.3% | 36.8% | ||
| Q3 25 | 42.4% | 30.4% | ||
| Q2 25 | 43.6% | 33.8% | ||
| Q1 25 | 42.3% | 44.3% | ||
| Q4 24 | 37.5% | 45.0% | ||
| Q3 24 | 39.3% | 44.1% | ||
| Q2 24 | 20.3% | 44.0% | ||
| Q1 24 | 12.6% | 41.6% |
| Q4 25 | -43.4% | -77.8% | ||
| Q3 25 | -24.7% | -29.2% | ||
| Q2 25 | -22.1% | -19.4% | ||
| Q1 25 | -27.7% | -8.2% | ||
| Q4 24 | -27.6% | -18.7% | ||
| Q3 24 | -26.8% | -15.5% | ||
| Q2 24 | -73.2% | -31.2% | ||
| Q1 24 | -68.8% | -17.0% |
| Q4 25 | -34.7% | -75.1% | ||
| Q3 25 | -22.3% | -29.7% | ||
| Q2 25 | -23.1% | -20.1% | ||
| Q1 25 | -25.4% | -9.1% | ||
| Q4 24 | -27.9% | -19.5% | ||
| Q3 24 | -23.6% | -16.5% | ||
| Q2 24 | -61.5% | -32.5% | ||
| Q1 24 | -67.4% | -17.9% |
| Q4 25 | $-0.12 | $-0.14 | ||
| Q3 25 | $-0.08 | $-0.07 | ||
| Q2 25 | $-0.09 | $-0.06 | ||
| Q1 25 | $-0.09 | $-0.03 | ||
| Q4 24 | $-0.11 | $-0.05 | ||
| Q3 24 | $-0.11 | $-0.04 | ||
| Q2 24 | $-0.14 | $-0.06 | ||
| Q1 24 | $-0.14 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $12.4M |
| Total DebtLower is stronger | $588.0K | — |
| Stockholders' EquityBook value | $4.5M | $21.6M |
| Total Assets | $10.5M | $37.0M |
| Debt / EquityLower = less leverage | 0.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $12.4M | ||
| Q3 25 | $938.0K | $15.3M | ||
| Q2 25 | — | $1.6M | ||
| Q1 25 | — | $4.1M | ||
| Q4 24 | $1.8M | $5.4M | ||
| Q3 24 | $1.1M | $1.3M | ||
| Q2 24 | — | $841.9K | ||
| Q1 24 | — | $1.5M |
| Q4 25 | $588.0K | — | ||
| Q3 25 | $614.0K | — | ||
| Q2 25 | $638.0K | — | ||
| Q1 25 | $662.0K | — | ||
| Q4 24 | $685.0K | — | ||
| Q3 24 | $709.0K | — | ||
| Q2 24 | $732.0K | — | ||
| Q1 24 | $750.0K | — |
| Q4 25 | $4.5M | $21.6M | ||
| Q3 25 | $5.2M | $25.5M | ||
| Q2 25 | $4.7M | $9.1M | ||
| Q1 25 | $5.2M | $9.6M | ||
| Q4 24 | $5.8M | $10.2M | ||
| Q3 24 | $4.7M | $11.3M | ||
| Q2 24 | $4.2M | $12.2M | ||
| Q1 24 | $4.8M | $13.7M |
| Q4 25 | $10.5M | $37.0M | ||
| Q3 25 | $11.6M | $41.5M | ||
| Q2 25 | $9.7M | $28.4M | ||
| Q1 25 | $10.4M | $29.7M | ||
| Q4 24 | $11.0M | $31.1M | ||
| Q3 24 | $10.6M | $27.5M | ||
| Q2 24 | $9.8M | $27.2M | ||
| Q1 24 | $10.4M | $28.5M |
| Q4 25 | 0.13× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | 0.18× | — | ||
| Q1 24 | 0.16× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $281.0K | $-2.6M |
| Free Cash FlowOCF − Capex | — | $-2.6M |
| FCF MarginFCF / Revenue | — | -49.3% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-10.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $281.0K | $-2.6M | ||
| Q3 25 | $-785.0K | $-3.6M | ||
| Q2 25 | $-407.0K | $-2.6M | ||
| Q1 25 | $-400.0K | $-1.2M | ||
| Q4 24 | $-859.0K | $4.2M | ||
| Q3 24 | $-1.2M | $-207.3K | ||
| Q2 24 | $-700.0K | $-157.9K | ||
| Q1 24 | $-1.1M | $248.2K |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $-793.0K | $-3.6M | ||
| Q2 25 | — | $-2.7M | ||
| Q1 25 | — | $-1.3M | ||
| Q4 24 | — | $4.0M | ||
| Q3 24 | $-1.2M | $-489.6K | ||
| Q2 24 | $-909.0K | $-609.6K | ||
| Q1 24 | $-1.2M | $143.3K |
| Q4 25 | — | -49.3% | ||
| Q3 25 | -27.0% | -50.6% | ||
| Q2 25 | — | -37.7% | ||
| Q1 25 | — | -17.9% | ||
| Q4 24 | — | 66.6% | ||
| Q3 24 | -41.8% | -8.7% | ||
| Q2 24 | -63.1% | -12.9% | ||
| Q1 24 | -98.3% | 2.3% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | 0.3% | 1.0% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 0.4% | 5.0% | ||
| Q2 24 | 14.5% | 9.6% | ||
| Q1 24 | 12.0% | 1.7% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NXGL
Segment breakdown not available.
TGEN
| Installation Services | $4.5M | 84% |
| Products Segment | $460.5K | 9% |
| Other | $394.7K | 7% |
