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Side-by-side financial comparison of Pineapple Financial Inc. (PAPL) and Shattuck Labs, Inc. (STTK). Click either name above to swap in a different company.

Shattuck Labs, Inc. is the larger business by last-quarter revenue ($1.0M vs $707.3K, roughly 1.4× Pineapple Financial Inc.). Shattuck Labs, Inc. runs the higher net margin — -1005.6% vs -2756.2%, a 1750.6% gap on every dollar of revenue. On growth, Pineapple Financial Inc. posted the faster year-over-year revenue change (-4.8% vs -66.6%). Pineapple Financial Inc. produced more free cash flow last quarter ($-3.3M vs $-9.0M). Over the past eight quarters, Shattuck Labs, Inc.'s revenue compounded faster (20.7% CAGR vs -2.0%).

Shattuck Labs, Inc. is a clinical-stage biotechnology company focused on developing innovative immunotherapies for cancer and autoimmune diseases. It uses its proprietary Agonist Redirected Checkpoint platform to develop bifunctional fusion proteins, with multiple oncology product candidates in active clinical development stages.

PAPL vs STTK — Head-to-Head

Bigger by revenue
STTK
STTK
1.4× larger
STTK
$1.0M
$707.3K
PAPL
Growing faster (revenue YoY)
PAPL
PAPL
+61.8% gap
PAPL
-4.8%
-66.6%
STTK
Higher net margin
STTK
STTK
1750.6% more per $
STTK
-1005.6%
-2756.2%
PAPL
More free cash flow
PAPL
PAPL
$5.7M more FCF
PAPL
$-3.3M
$-9.0M
STTK
Faster 2-yr revenue CAGR
STTK
STTK
Annualised
STTK
20.7%
-2.0%
PAPL

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
PAPL
PAPL
STTK
STTK
Revenue
$707.3K
$1.0M
Net Profit
$-19.5M
$-10.1M
Gross Margin
48.9%
Operating Margin
-2518.8%
-1071.6%
Net Margin
-2756.2%
-1005.6%
Revenue YoY
-4.8%
-66.6%
Net Profit YoY
-3174.1%
39.7%
EPS (diluted)
$-1.21
$-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.

Revenue
PAPL
PAPL
STTK
STTK
Q1 26
$707.3K
Q4 25
$721.7K
Q3 25
$730.5K
$1.0M
Q2 25
$746.9K
$0
Q1 25
$743.3K
$0
Q4 24
$766.1K
Q3 24
$598.3K
$3.0M
Q2 24
$736.4K
$1.6M
Net Profit
PAPL
PAPL
STTK
STTK
Q1 26
$-19.5M
Q4 25
$-6.4M
Q3 25
$-1.8M
$-10.1M
Q2 25
$-557.7K
$-12.5M
Q1 25
$-595.4K
$-13.7M
Q4 24
$-656.9K
Q3 24
$-1.7M
$-16.7M
Q2 24
$-848.6K
$-21.6M
Gross Margin
PAPL
PAPL
STTK
STTK
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
STTK
STTK
Q1 26
-2518.8%
Q4 25
-909.1%
Q3 25
-131.3%
-1071.6%
Q2 25
-93.3%
Q1 25
-80.6%
Q4 24
-90.5%
Q3 24
-232.8%
-597.9%
Q2 24
-121.7%
-1427.1%
Net Margin
PAPL
PAPL
STTK
STTK
Q1 26
-2756.2%
Q4 25
-891.6%
Q3 25
-250.3%
-1005.6%
Q2 25
-74.7%
Q1 25
-80.1%
Q4 24
-85.7%
Q3 24
-283.9%
-556.4%
Q2 24
-115.2%
-1339.5%
EPS (diluted)
PAPL
PAPL
STTK
STTK
Q1 26
$-1.21
Q4 25
$-4.79
Q3 25
$-0.93
$-0.14
Q2 25
$-0.05
$-0.24
Q1 25
$-1.73
$-0.27
Q4 24
$-2.60
Q3 24
$-11.10
$-0.33
Q2 24
$-0.12
$-0.42

Balance Sheet & Financial Strength

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

Metric
PAPL
PAPL
STTK
STTK
Cash + ST InvestmentsLiquidity on hand
$42.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$27.1M
$93.2M
Total Assets
$48.9M
$100.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAPL
PAPL
STTK
STTK
Q1 26
Q4 25
Q3 25
$42.5M
Q2 25
$50.5M
Q1 25
$60.9M
Q4 24
Q3 24
$43.8M
Q2 24
$60.7M
Stockholders' Equity
PAPL
PAPL
STTK
STTK
Q1 26
$27.1M
Q4 25
$-5.5M
Q3 25
$906.7K
$93.2M
Q2 25
$842.6K
$57.0M
Q1 25
$739.7K
$67.6M
Q4 24
$1.3M
Q3 24
$1.3M
$96.6M
Q2 24
$2.0M
$110.6M
Total Assets
PAPL
PAPL
STTK
STTK
Q1 26
$48.9M
Q4 25
$10.6M
Q3 25
$5.4M
$100.3M
Q2 25
$4.7M
$64.4M
Q1 25
$4.0M
$77.2M
Q4 24
$4.1M
Q3 24
$4.1M
$111.7M
Q2 24
$4.3M
$128.6M

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
STTK
STTK
Operating Cash FlowLast quarter
$-3.3M
$-8.9M
Free Cash FlowOCF − Capex
$-3.3M
$-9.0M
FCF MarginFCF / Revenue
-462.7%
-900.0%
Capex IntensityCapex / Revenue
0.0%
7.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAPL
PAPL
STTK
STTK
Q1 26
$-3.3M
Q4 25
$-489.7K
Q3 25
$-507.6K
$-8.9M
Q2 25
$397.0K
$-10.4M
Q1 25
$-172.6K
$-12.0M
Q4 24
$-663.6K
Q3 24
$-264.7K
$-16.1M
Q2 24
$123.0K
$-10.9M
Free Cash Flow
PAPL
PAPL
STTK
STTK
Q1 26
$-3.3M
Q4 25
$-491.7K
Q3 25
$-9.0M
Q2 25
Q1 25
Q4 24
Q3 24
$-264.7K
$-16.1M
Q2 24
$122.7K
$-10.9M
FCF Margin
PAPL
PAPL
STTK
STTK
Q1 26
-462.7%
Q4 25
-68.1%
Q3 25
-900.0%
Q2 25
Q1 25
Q4 24
Q3 24
-44.2%
-537.5%
Q2 24
16.7%
-679.6%
Capex Intensity
PAPL
PAPL
STTK
STTK
Q1 26
0.0%
Q4 25
0.3%
Q3 25
7.1%
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
1.4%
Q2 24
0.0%
1.1%

Financial Flow Comparison

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

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