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Side-by-side financial comparison of OR Royalties Inc. (OR) and Syndax Pharmaceuticals Inc (SNDX). Click either name above to swap in a different company.

Syndax Pharmaceuticals Inc is the larger business by last-quarter revenue ($68.5M vs $46.7M, roughly 1.5× OR Royalties Inc.).

OR Royalties Inc. is a Canadian company that holds royalties in gold, silver and diamond mines, principally in the form of net smelter returns and streams.Like its predecessor company, Osisko Mining, it is headquartered in Montreal, Quebec, with shares listed on the Toronto Stock Exchange and the New York Stock Exchange.

Syndax Pharmaceuticals Inc. is a clinical-stage biopharmaceutical company focused on developing innovative oncology therapies for patients with hard-to-treat cancers. Its pipeline includes targeted and immunotherapy candidates addressing unmet medical needs, primarily serving global oncology healthcare stakeholders and patient populations.

OR vs SNDX — Head-to-Head

Bigger by revenue
SNDX
SNDX
1.5× larger
SNDX
$68.5M
$46.7M
OR

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
OR
OR
SNDX
SNDX
Revenue
$46.7M
$68.5M
Net Profit
$-68.0M
Gross Margin
Operating Margin
-91.3%
Net Margin
-99.3%
Revenue YoY
791.7%
Net Profit YoY
27.8%
EPS (diluted)
$-0.78

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
OR
OR
SNDX
SNDX
Q4 25
$68.5M
Q3 25
$45.9M
Q2 25
$38.0M
Q1 25
$20.0M
Q3 24
$12.5M
Q1 24
$0
Q3 23
$0
Q2 23
$0
Net Profit
OR
OR
SNDX
SNDX
Q4 25
$-68.0M
Q3 25
$-60.7M
Q2 25
$-71.8M
Q1 25
$-84.8M
Q3 24
$-84.1M
Q1 24
$-72.4M
Q3 23
$-51.1M
Q2 23
$-44.6M
Operating Margin
OR
OR
SNDX
SNDX
Q4 25
-91.3%
Q3 25
-125.2%
Q2 25
-182.7%
Q1 25
-417.9%
Q3 24
-716.6%
Q1 24
Q3 23
Q2 23
Net Margin
OR
OR
SNDX
SNDX
Q4 25
-99.3%
Q3 25
-132.4%
Q2 25
-189.3%
Q1 25
-423.3%
Q3 24
-673.0%
Q1 24
Q3 23
Q2 23
EPS (diluted)
OR
OR
SNDX
SNDX
Q4 25
$-0.78
Q3 25
$-0.70
Q2 25
$-0.83
Q1 25
$-0.98
Q3 24
$-0.98
Q1 24
$-0.85
Q3 23
$-0.73
Q2 23
$-0.64

Balance Sheet & Financial Strength

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

Metric
OR
OR
SNDX
SNDX
Cash + ST InvestmentsLiquidity on hand
$394.1M
Total DebtLower is stronger
$222.8M
Stockholders' EquityBook value
$1.3B
$64.6M
Total Assets
$529.7M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OR
OR
SNDX
SNDX
Q4 25
$394.1M
Q3 25
$436.0M
Q2 25
$455.2M
Q1 25
$512.2M
Q3 24
$389.6M
Q1 24
$434.6M
Q3 23
$363.6M
Q2 23
$398.8M
Stockholders' Equity
OR
OR
SNDX
SNDX
Q4 25
$64.6M
Q3 25
$115.4M
Q2 25
$157.4M
Q1 25
$215.1M
Q3 24
$366.4M
Q1 24
$491.9M
Q3 23
$359.2M
Q2 23
$400.0M
Total Assets
OR
OR
SNDX
SNDX
Q4 25
$529.7M
Q3 25
$551.8M
Q2 25
$596.1M
Q1 25
$640.7M
Q3 24
$425.8M
Q1 24
$543.0M
Q3 23
$399.2M
Q2 23
$431.3M

Cash Flow & Capital Efficiency

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

Metric
OR
OR
SNDX
SNDX
Operating Cash FlowLast quarter
$-69.5M
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
OR
OR
SNDX
SNDX
Q4 25
$-69.5M
Q3 25
$-70.5M
Q2 25
$-87.8M
Q1 25
$-95.2M
Q3 24
$-62.3M
Q1 24
$-83.5M
Q3 23
$-44.7M
Q2 23
$-35.4M

Financial Flow Comparison

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

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