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Side-by-side financial comparison of PicoCELA Inc. (PCLA) and Stoke Therapeutics, Inc. (STOK). Click either name above to swap in a different company.

PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $158.6M, roughly 1.6× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs -125.2%, a 196.4% gap on every dollar of revenue. Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M vs $-256.6M).

PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

PCLA vs STOK — Head-to-Head

Bigger by revenue
PCLA
PCLA
1.6× larger
PCLA
$252.6M
$158.6M
STOK
Higher net margin
STOK
STOK
196.4% more per $
STOK
71.2%
-125.2%
PCLA
More free cash flow
STOK
STOK
$388.3M more FCF
STOK
$131.7M
$-256.6M
PCLA

Income Statement — Q2 FY2025 vs Q1 FY2025

Metric
PCLA
PCLA
STOK
STOK
Revenue
$252.6M
$158.6M
Net Profit
$-316.2M
$112.9M
Gross Margin
Operating Margin
-114.8%
70.2%
Net Margin
-125.2%
71.2%
Revenue YoY
3661.1%
Net Profit YoY
528.0%
EPS (diluted)
$1.90

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
PCLA
PCLA
STOK
STOK
Q1 25
$252.6M
$158.6M
Q4 24
$22.6M
Q2 23
$-2.5M
Net Profit
PCLA
PCLA
STOK
STOK
Q1 25
$-316.2M
$112.9M
Q4 24
$-10.5M
Q2 23
$-30.7M
Operating Margin
PCLA
PCLA
STOK
STOK
Q1 25
-114.8%
70.2%
Q4 24
-60.4%
Q2 23
1340.7%
Net Margin
PCLA
PCLA
STOK
STOK
Q1 25
-125.2%
71.2%
Q4 24
-46.4%
Q2 23
1235.6%
EPS (diluted)
PCLA
PCLA
STOK
STOK
Q1 25
$1.90
Q4 24
$-0.15
Q2 23
$-0.69

Balance Sheet & Financial Strength

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

Metric
PCLA
PCLA
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$456.8M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.8M
$350.1M
Total Assets
$1.2B
$406.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCLA
PCLA
STOK
STOK
Q1 25
$456.8M
$274.8M
Q4 24
$128.0M
Q2 23
$192.1M
Stockholders' Equity
PCLA
PCLA
STOK
STOK
Q1 25
$354.8M
$350.1M
Q4 24
$229.0M
Q2 23
$190.2M
Total Assets
PCLA
PCLA
STOK
STOK
Q1 25
$1.2B
$406.9M
Q4 24
$271.6M
Q2 23
$256.9M

Cash Flow & Capital Efficiency

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

Metric
PCLA
PCLA
STOK
STOK
Operating Cash FlowLast quarter
$-245.6M
$131.8M
Free Cash FlowOCF − Capex
$-256.6M
$131.7M
FCF MarginFCF / Revenue
-101.6%
83.0%
Capex IntensityCapex / Revenue
4.3%
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCLA
PCLA
STOK
STOK
Q1 25
$-245.6M
$131.8M
Q4 24
$-23.2M
Q2 23
$-21.8M
Free Cash Flow
PCLA
PCLA
STOK
STOK
Q1 25
$-256.6M
$131.7M
Q4 24
$-23.2M
Q2 23
$-22.6M
FCF Margin
PCLA
PCLA
STOK
STOK
Q1 25
-101.6%
83.0%
Q4 24
-102.7%
Q2 23
912.5%
Capex Intensity
PCLA
PCLA
STOK
STOK
Q1 25
4.3%
0.1%
Q4 24
0.2%
Q2 23
-33.8%
Cash Conversion
PCLA
PCLA
STOK
STOK
Q1 25
1.17×
Q4 24
Q2 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

PCLA
PCLA

Revenue from product$179.1M71%
Revenue from SaaS, Maintenance and others$42.4M17%
Revenue from product – related party$31.0M12%

STOK
STOK

Segment breakdown not available.

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