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

RELMADA THERAPEUTICS, INC. is the larger business by last-quarter revenue ($1.3M vs $707.3K, roughly 1.8× Pineapple Financial Inc.). On growth, RELMADA THERAPEUTICS, INC. posted the faster year-over-year revenue change (13.0% vs -4.8%). Over the past eight quarters, RELMADA THERAPEUTICS, INC.'s revenue compounded faster (95.4% CAGR vs -2.0%).

Relmada Therapeutics, Inc. is a clinical-stage biotechnology company dedicated to developing novel therapies for central nervous system disorders. Its lead product candidate targets treatment-resistant depression, with ongoing clinical trials to address unmet medical needs in its primary markets of North America and Europe.

PAPL vs RLMD — Head-to-Head

Bigger by revenue
RLMD
RLMD
1.8× larger
RLMD
$1.3M
$707.3K
PAPL
Growing faster (revenue YoY)
RLMD
RLMD
+17.8% gap
RLMD
13.0%
-4.8%
PAPL
Faster 2-yr revenue CAGR
RLMD
RLMD
Annualised
RLMD
95.4%
-2.0%
PAPL

Income Statement — Q1 FY2026 vs Q4 FY2023

Metric
PAPL
PAPL
RLMD
RLMD
Revenue
$707.3K
$1.3M
Net Profit
$-19.5M
Gross Margin
48.9%
Operating Margin
-2518.8%
-2130.6%
Net Margin
-2756.2%
Revenue YoY
-4.8%
13.0%
Net Profit YoY
-3174.1%
EPS (diluted)
$-1.21
$-0.84

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
RLMD
RLMD
Q1 26
$707.3K
Q4 25
$721.7K
Q3 25
$730.5K
Q2 25
$746.9K
Q1 25
$743.3K
Q4 24
$766.1K
Q3 24
$598.3K
Q2 24
$736.4K
Net Profit
PAPL
PAPL
RLMD
RLMD
Q1 26
$-19.5M
Q4 25
$-6.4M
Q3 25
$-1.8M
Q2 25
$-557.7K
Q1 25
$-595.4K
Q4 24
$-656.9K
Q3 24
$-1.7M
Q2 24
$-848.6K
Gross Margin
PAPL
PAPL
RLMD
RLMD
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
RLMD
RLMD
Q1 26
-2518.8%
Q4 25
-909.1%
Q3 25
-131.3%
Q2 25
-93.3%
Q1 25
-80.6%
Q4 24
-90.5%
Q3 24
-232.8%
Q2 24
-121.7%
Net Margin
PAPL
PAPL
RLMD
RLMD
Q1 26
-2756.2%
Q4 25
-891.6%
Q3 25
-250.3%
Q2 25
-74.7%
Q1 25
-80.1%
Q4 24
-85.7%
Q3 24
-283.9%
Q2 24
-115.2%
EPS (diluted)
PAPL
PAPL
RLMD
RLMD
Q1 26
$-1.21
Q4 25
$-4.79
Q3 25
$-0.93
Q2 25
$-0.05
Q1 25
$-1.73
Q4 24
$-2.60
Q3 24
$-11.10
Q2 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
PAPL
PAPL
RLMD
RLMD
Cash + ST InvestmentsLiquidity on hand
$96.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$27.1M
$85.4M
Total Assets
$48.9M
$97.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
PAPL
PAPL
RLMD
RLMD
Q1 26
$27.1M
Q4 25
$-5.5M
Q3 25
$906.7K
Q2 25
$842.6K
Q1 25
$739.7K
Q4 24
$1.3M
Q3 24
$1.3M
Q2 24
$2.0M
Total Assets
PAPL
PAPL
RLMD
RLMD
Q1 26
$48.9M
Q4 25
$10.6M
Q3 25
$5.4M
Q2 25
$4.7M
Q1 25
$4.0M
Q4 24
$4.1M
Q3 24
$4.1M
Q2 24
$4.3M

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
RLMD
RLMD
Operating Cash FlowLast quarter
$-3.3M
$-10.2M
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
RLMD
RLMD
Q1 26
$-3.3M
Q4 25
$-489.7K
Q3 25
$-507.6K
Q2 25
$397.0K
Q1 25
$-172.6K
Q4 24
$-663.6K
Q3 24
$-264.7K
Q2 24
$123.0K
Free Cash Flow
PAPL
PAPL
RLMD
RLMD
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
RLMD
RLMD
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
RLMD
RLMD
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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