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

TherapeuticsMD, Inc. is the larger business by last-quarter revenue ($893.0K vs $707.3K, roughly 1.3× Pineapple Financial Inc.). On growth, TherapeuticsMD, Inc. posted the faster year-over-year revenue change (33.9% vs -4.8%). Over the past eight quarters, TherapeuticsMD, Inc.'s revenue compounded faster (68.9% CAGR vs -2.0%).

Nektar Therapeutics is an American biopharmaceutical company. The company was founded in 1990 and is based in San Francisco, California. The company develops new drug candidates by applying its proprietary PEGylation and advanced polymer conjugate technologies to modify chemical structure of substances, which improves drug characteristics like retention and solubility. It is a technology supplier to a number of pharmaceutical companies including Affymax, Amgen, Merck, Pfizer and UCB Pharma, e...

PAPL vs TXMD — Head-to-Head

Bigger by revenue
TXMD
TXMD
1.3× larger
TXMD
$893.0K
$707.3K
PAPL
Growing faster (revenue YoY)
TXMD
TXMD
+38.7% gap
TXMD
33.9%
-4.8%
PAPL
Faster 2-yr revenue CAGR
TXMD
TXMD
Annualised
TXMD
68.9%
-2.0%
PAPL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PAPL
PAPL
TXMD
TXMD
Revenue
$707.3K
$893.0K
Net Profit
$-19.5M
Gross Margin
48.9%
Operating Margin
-2518.8%
Net Margin
-2756.2%
Revenue YoY
-4.8%
33.9%
Net Profit YoY
-3174.1%
-345.6%
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
TXMD
TXMD
Q1 26
$707.3K
Q4 25
$721.7K
$893.0K
Q3 25
$730.5K
$784.0K
Q2 25
$746.9K
$952.0K
Q1 25
$743.3K
$393.0K
Q4 24
$766.1K
$667.0K
Q3 24
$598.3K
$547.0K
Q2 24
$736.4K
$234.0K
Net Profit
PAPL
PAPL
TXMD
TXMD
Q1 26
$-19.5M
Q4 25
$-6.4M
Q3 25
$-1.8M
$152.0K
Q2 25
$-557.7K
$551.0K
Q1 25
$-595.4K
$-653.0K
Q4 24
$-656.9K
Q3 24
$-1.7M
$-609.0K
Q2 24
$-848.6K
$-1.1M
Gross Margin
PAPL
PAPL
TXMD
TXMD
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
TXMD
TXMD
Q1 26
-2518.8%
Q4 25
-909.1%
Q3 25
-131.3%
-109.9%
Q2 25
-93.3%
-73.0%
Q1 25
-80.6%
-221.6%
Q4 24
-90.5%
Q3 24
-232.8%
-207.3%
Q2 24
-121.7%
-1191.9%
Net Margin
PAPL
PAPL
TXMD
TXMD
Q1 26
-2756.2%
Q4 25
-891.6%
Q3 25
-250.3%
19.4%
Q2 25
-74.7%
57.9%
Q1 25
-80.1%
-166.2%
Q4 24
-85.7%
Q3 24
-283.9%
-111.3%
Q2 24
-115.2%
-465.8%
EPS (diluted)
PAPL
PAPL
TXMD
TXMD
Q1 26
$-1.21
Q4 25
$-4.79
Q3 25
$-0.93
$0.01
Q2 25
$-0.05
$0.05
Q1 25
$-1.73
$-0.06
Q4 24
$-2.60
Q3 24
$-11.10
$-0.05
Q2 24
$-0.12
$-0.09

Balance Sheet & Financial Strength

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

Metric
PAPL
PAPL
TXMD
TXMD
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$27.1M
$26.9M
Total Assets
$48.9M
$37.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAPL
PAPL
TXMD
TXMD
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
$5.7M
Q4 24
$5.1M
Q3 24
Q2 24
Stockholders' Equity
PAPL
PAPL
TXMD
TXMD
Q1 26
$27.1M
Q4 25
$-5.5M
$26.9M
Q3 25
$906.7K
$27.4M
Q2 25
$842.6K
$27.3M
Q1 25
$739.7K
$26.7M
Q4 24
$1.3M
$27.4M
Q3 24
$1.3M
$27.1M
Q2 24
$2.0M
$27.7M
Total Assets
PAPL
PAPL
TXMD
TXMD
Q1 26
$48.9M
Q4 25
$10.6M
$37.7M
Q3 25
$5.4M
$38.7M
Q2 25
$4.7M
$38.5M
Q1 25
$4.0M
$38.2M
Q4 24
$4.1M
$38.8M
Q3 24
$4.1M
Q2 24
$4.3M
$40.1M

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
TXMD
TXMD
Operating Cash FlowLast quarter
$-3.3M
$2.5M
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
TXMD
TXMD
Q1 26
$-3.3M
Q4 25
$-489.7K
$2.5M
Q3 25
$-507.6K
$999.0K
Q2 25
$397.0K
$381.0K
Q1 25
$-172.6K
$699.0K
Q4 24
$-663.6K
$1.2M
Q3 24
$-264.7K
$-71.0K
Q2 24
$123.0K
$1.5M
Free Cash Flow
PAPL
PAPL
TXMD
TXMD
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
TXMD
TXMD
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
TXMD
TXMD
Q1 26
0.0%
Q4 25
0.3%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
PAPL
PAPL
TXMD
TXMD
Q1 26
Q4 25
Q3 25
6.57×
Q2 25
0.69×
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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