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Side-by-side financial comparison of Pineapple Financial Inc. (PAPL) and PALVELLA THERAPEUTICS, INC. (PVLA). Click either name above to swap in a different company.

Pineapple Financial Inc. is the larger business by last-quarter revenue ($707.3K vs $520.0K, roughly 1.4× PALVELLA THERAPEUTICS, INC.). On growth, PALVELLA THERAPEUTICS, INC. posted the faster year-over-year revenue change (14.3% vs -4.8%). Over the past eight quarters, Pineapple Financial Inc.'s revenue compounded faster (-2.0% CAGR vs -36.7%).

Palvella Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted therapies for rare, debilitating genetic diseases with high unmet medical needs. Its lead product candidates address congenital disorders, serving global patient populations that lack effective existing treatment options.

PAPL vs PVLA — Head-to-Head

Bigger by revenue
PAPL
PAPL
1.4× larger
PAPL
$707.3K
$520.0K
PVLA
Growing faster (revenue YoY)
PVLA
PVLA
+19.1% gap
PVLA
14.3%
-4.8%
PAPL
Faster 2-yr revenue CAGR
PAPL
PAPL
Annualised
PAPL
-2.0%
-36.7%
PVLA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PAPL
PAPL
PVLA
PVLA
Revenue
$707.3K
$520.0K
Net Profit
$-19.5M
Gross Margin
48.9%
Operating Margin
-2518.8%
Net Margin
-2756.2%
Revenue YoY
-4.8%
14.3%
Net Profit YoY
-3174.1%
-221.8%
EPS (diluted)
$-1.21

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
PAPL
PAPL
PVLA
PVLA
Q1 26
$707.3K
Q4 25
$721.7K
$520.0K
Q3 25
$730.5K
$628.0K
Q2 25
$746.9K
$690.0K
Q1 25
$743.3K
$752.0K
Q4 24
$766.1K
Q3 24
$598.3K
$0
Q2 24
$736.4K
$0
Net Profit
PAPL
PAPL
PVLA
PVLA
Q1 26
$-19.5M
Q4 25
$-6.4M
Q3 25
$-1.8M
$-11.3M
Q2 25
$-557.7K
$-9.5M
Q1 25
$-595.4K
$-8.2M
Q4 24
$-656.9K
Q3 24
$-1.7M
$-6.8M
Q2 24
$-848.6K
$-4.2M
Gross Margin
PAPL
PAPL
PVLA
PVLA
Q1 26
48.9%
Q4 25
49.6%
Q3 25
27.8%
Q2 25
67.6%
Q1 25
43.4%
Q4 24
45.9%
Q3 24
43.2%
Q2 24
44.2%
Operating Margin
PAPL
PAPL
PVLA
PVLA
Q1 26
-2518.8%
Q4 25
-909.1%
Q3 25
-131.3%
-1620.5%
Q2 25
-93.3%
-1340.6%
Q1 25
-80.6%
-1046.7%
Q4 24
-90.5%
Q3 24
-232.8%
Q2 24
-121.7%
Net Margin
PAPL
PAPL
PVLA
PVLA
Q1 26
-2756.2%
Q4 25
-891.6%
Q3 25
-250.3%
-1806.5%
Q2 25
-74.7%
-1372.6%
Q1 25
-80.1%
-1088.4%
Q4 24
-85.7%
Q3 24
-283.9%
Q2 24
-115.2%
EPS (diluted)
PAPL
PAPL
PVLA
PVLA
Q1 26
$-1.21
Q4 25
$-4.79
Q3 25
$-0.93
$-1.03
Q2 25
$-0.05
$-0.86
Q1 25
$-1.73
$-0.74
Q4 24
$-2.60
Q3 24
$-11.10
$-3.94
Q2 24
$-0.12
$-2.47

Balance Sheet & Financial Strength

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

Metric
PAPL
PAPL
PVLA
PVLA
Cash + ST InvestmentsLiquidity on hand
$58.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$27.1M
$28.0M
Total Assets
$48.9M
$59.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAPL
PAPL
PVLA
PVLA
Q1 26
Q4 25
$58.0M
Q3 25
$63.6M
Q2 25
$70.4M
Q1 25
$75.6M
Q4 24
Q3 24
$19.4M
Q2 24
$19.7M
Stockholders' Equity
PAPL
PAPL
PVLA
PVLA
Q1 26
$27.1M
Q4 25
$-5.5M
$28.0M
Q3 25
$906.7K
$38.7M
Q2 25
$842.6K
$47.8M
Q1 25
$739.7K
$55.6M
Q4 24
$1.3M
Q3 24
$1.3M
$-87.4M
Q2 24
$2.0M
$-80.8M
Total Assets
PAPL
PAPL
PVLA
PVLA
Q1 26
$48.9M
Q4 25
$10.6M
$59.6M
Q3 25
$5.4M
$66.9M
Q2 25
$4.7M
$73.7M
Q1 25
$4.0M
$79.4M
Q4 24
$4.1M
Q3 24
$4.1M
$20.5M
Q2 24
$4.3M
$25.1M

Cash Flow & Capital Efficiency

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

Metric
PAPL
PAPL
PVLA
PVLA
Operating Cash FlowLast quarter
$-3.3M
$-25.0M
Free Cash FlowOCF − Capex
$-3.3M
FCF MarginFCF / Revenue
-462.7%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAPL
PAPL
PVLA
PVLA
Q1 26
$-3.3M
Q4 25
$-489.7K
$-25.0M
Q3 25
$-507.6K
$-7.9M
Q2 25
$397.0K
$-5.4M
Q1 25
$-172.6K
$-6.8M
Q4 24
$-663.6K
Q3 24
$-264.7K
$-2.7M
Q2 24
$123.0K
$-1.6M
Free Cash Flow
PAPL
PAPL
PVLA
PVLA
Q1 26
$-3.3M
Q4 25
$-491.7K
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-264.7K
Q2 24
$122.7K
FCF Margin
PAPL
PAPL
PVLA
PVLA
Q1 26
-462.7%
Q4 25
-68.1%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-44.2%
Q2 24
16.7%
Capex Intensity
PAPL
PAPL
PVLA
PVLA
Q1 26
0.0%
Q4 25
0.3%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
0.0%

Financial Flow Comparison

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

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