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Side-by-side financial comparison of Ovid Therapeutics Inc. (OVID) and XCel Brands, Inc. (XELB). Click either name above to swap in a different company.

XCel Brands, Inc. is the larger business by last-quarter revenue ($1.2M vs $718.0K, roughly 1.6× Ovid Therapeutics Inc.). On growth, Ovid Therapeutics Inc. posted the faster year-over-year revenue change (844.7% vs -3.4%). Over the past eight quarters, Ovid Therapeutics Inc.'s revenue compounded faster (120.3% CAGR vs -26.9%).

XCel Brands, Inc. is a consumer goods and brand management firm that owns, licenses, and markets lifestyle brands spanning apparel, accessories, and home products. It operates mainly in North America, partnering with leading retail chains to distribute products to mass and mid-tier consumer segments.

OVID vs XELB — Head-to-Head

Bigger by revenue
XELB
XELB
1.6× larger
XELB
$1.2M
$718.0K
OVID
Growing faster (revenue YoY)
OVID
OVID
+848.1% gap
OVID
844.7%
-3.4%
XELB
Faster 2-yr revenue CAGR
OVID
OVID
Annualised
OVID
120.3%
-26.9%
XELB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OVID
OVID
XELB
XELB
Revenue
$718.0K
$1.2M
Net Profit
$-2.8M
Gross Margin
Operating Margin
-166.8%
Net Margin
-237.8%
Revenue YoY
844.7%
-3.4%
Net Profit YoY
204.4%
60.8%
EPS (diluted)
$-0.22

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
OVID
OVID
XELB
XELB
Q4 25
$718.0K
$1.2M
Q3 25
$132.0K
$1.1M
Q2 25
$6.3M
$1.3M
Q1 25
$130.0K
$1.3M
Q4 24
$76.0K
$1.2M
Q3 24
$173.0K
$1.9M
Q2 24
$169.0K
$3.0M
Q1 24
$148.0K
$2.2M
Net Profit
OVID
OVID
XELB
XELB
Q4 25
$-2.8M
Q3 25
$-12.2M
$-7.9M
Q2 25
$-4.7M
$-4.0M
Q1 25
$-10.2M
$-2.8M
Q4 24
$-7.1M
Q3 24
$-14.0M
$-9.2M
Q2 24
$8.5M
$195.0K
Q1 24
$-11.7M
$-6.3M
Gross Margin
OVID
OVID
XELB
XELB
Q4 25
Q3 25
100.0%
Q2 25
100.0%
Q1 25
Q4 24
100.0%
Q3 24
78.7%
Q2 24
98.7%
Q1 24
100.0%
Operating Margin
OVID
OVID
XELB
XELB
Q4 25
-166.8%
Q3 25
-9487.1%
-665.7%
Q2 25
-80.9%
-125.2%
Q1 25
-9653.8%
-164.2%
Q4 24
-532.9%
Q3 24
-7645.1%
-474.8%
Q2 24
-12140.2%
10.4%
Q1 24
-11768.2%
-283.7%
Net Margin
OVID
OVID
XELB
XELB
Q4 25
-237.8%
Q3 25
-9210.6%
-706.5%
Q2 25
-74.7%
-301.9%
Q1 25
-7873.1%
-210.0%
Q4 24
-585.9%
Q3 24
-8096.0%
-481.9%
Q2 24
5042.0%
6.6%
Q1 24
-7901.4%
-288.2%
EPS (diluted)
OVID
OVID
XELB
XELB
Q4 25
$-0.22
Q3 25
$-2.02
Q2 25
$-1.66
Q1 25
$-1.18
Q4 24
$-2.91
Q3 24
$-0.20
$-3.92
Q2 24
$0.12
$0.08
Q1 24
$-0.17
$-3.09

Balance Sheet & Financial Strength

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

Metric
OVID
OVID
XELB
XELB
Cash + ST InvestmentsLiquidity on hand
$13.2M
$1.1M
Total DebtLower is stronger
$12.7M
Stockholders' EquityBook value
$130.7M
$18.0M
Total Assets
$150.9M
$38.9M
Debt / EquityLower = less leverage
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OVID
OVID
XELB
XELB
Q4 25
$13.2M
$1.1M
Q3 25
$20.6M
$1.5M
Q2 25
$28.4M
$970.0K
Q1 25
$21.1M
$298.0K
Q4 24
$26.3M
$1.3M
Q3 24
$15.0M
$242.0K
Q2 24
$29.7M
$924.0K
Q1 24
$30.8M
$1.6M
Total Debt
OVID
OVID
XELB
XELB
Q4 25
$12.7M
Q3 25
$12.5M
Q2 25
$12.3M
Q1 25
$8.7M
Q4 24
$6.6M
Q3 24
$4.3M
Q2 24
$4.5M
Q1 24
$4.7M
Stockholders' Equity
OVID
OVID
XELB
XELB
Q4 25
$130.7M
$18.0M
Q3 25
$44.7M
$18.7M
Q2 25
$55.8M
$24.5M
Q1 25
$59.3M
$27.7M
Q4 24
$68.2M
$30.4M
Q3 24
$76.3M
$36.9M
Q2 24
$88.9M
$46.0M
Q1 24
$78.3M
$45.8M
Total Assets
OVID
OVID
XELB
XELB
Q4 25
$150.9M
$38.9M
Q3 25
$63.8M
$40.5M
Q2 25
$77.4M
$47.2M
Q1 25
$81.7M
$52.5M
Q4 24
$92.2M
$53.8M
Q3 24
$102.7M
$54.0M
Q2 24
$118.1M
$63.2M
Q1 24
$131.6M
$66.8M
Debt / Equity
OVID
OVID
XELB
XELB
Q4 25
0.71×
Q3 25
0.67×
Q2 25
0.50×
Q1 25
0.31×
Q4 24
0.22×
Q3 24
0.12×
Q2 24
0.10×
Q1 24
0.10×

Cash Flow & Capital Efficiency

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

Metric
OVID
OVID
XELB
XELB
Operating Cash FlowLast quarter
$-38.3M
$-7.0M
Free Cash FlowOCF − Capex
$-7.0M
FCF MarginFCF / Revenue
-602.1%
Capex IntensityCapex / Revenue
0.0%
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OVID
OVID
XELB
XELB
Q4 25
$-38.3M
$-7.0M
Q3 25
$-12.9M
$-1.4M
Q2 25
$-4.8M
$-2.4M
Q1 25
$-10.3M
$-1.4M
Q4 24
$-56.0M
$-4.7M
Q3 24
$-15.0M
$-424.0K
Q2 24
$-14.3M
$-274.0K
Q1 24
$-16.7M
$-2.6M
Free Cash Flow
OVID
OVID
XELB
XELB
Q4 25
$-7.0M
Q3 25
Q2 25
$-2.4M
Q1 25
$-1.4M
Q4 24
$-56.0M
$-4.8M
Q3 24
$-15.0M
$-432.0K
Q2 24
$-14.3M
Q1 24
$-16.7M
FCF Margin
OVID
OVID
XELB
XELB
Q4 25
-602.1%
Q3 25
Q2 25
-179.3%
Q1 25
-108.7%
Q4 24
-73719.7%
-399.3%
Q3 24
-8676.9%
-22.6%
Q2 24
-8455.0%
Q1 24
-11287.2%
Capex Intensity
OVID
OVID
XELB
XELB
Q4 25
0.0%
0.9%
Q3 25
0.0%
0.0%
Q2 25
0.0%
0.3%
Q1 25
0.0%
1.1%
Q4 24
93.4%
9.3%
Q3 24
2.3%
0.4%
Q2 24
20.1%
Q1 24
12.8%
Cash Conversion
OVID
OVID
XELB
XELB
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-1.67×
-1.41×
Q1 24

Financial Flow Comparison

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

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