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Side-by-side financial comparison of Processa Pharmaceuticals, Inc. (PCSA) and Alaunos Therapeutics, Inc. (TCRT). Click either name above to swap in a different company.

Processa Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company dedicated to developing innovative therapeutic solutions for patients with high unmet medical needs. Its core product pipeline targets rare diseases, gastrointestinal disorders, and dermatological conditions, with primary operational focus on the North American and European healthcare markets.

Alaunos Therapeutics, Inc. is a clinical-stage biotechnology company that develops novel T cell receptor (TCR) immunotherapies for the treatment of hard-to-treat solid tumors. The firm focuses on advancing precision oncology candidates targeting shared tumor antigens, serving global oncology patient populations via internal R&D and cross-sector partnerships.

PCSA vs TCRT — Head-to-Head

Bigger by revenue
TCRT
TCRT
Infinity× larger
TCRT
$3.0K
$0
PCSA

Income Statement — Q3 FY2023 vs Q4 FY2025

Metric
PCSA
PCSA
TCRT
TCRT
Revenue
$0
$3.0K
Net Profit
$-2.1M
Gross Margin
Operating Margin
Net Margin
Revenue YoY
-40.0%
Net Profit YoY
65.4%
-20.5%
EPS (diluted)
$-1.54

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
PCSA
PCSA
TCRT
TCRT
Q4 25
$3.0K
Q3 25
$0
Q2 25
$0
Q1 25
$2.0K
Q4 24
$5.0K
Q3 24
$0
Q2 24
$4.0K
Q1 24
$1.0K
Net Profit
PCSA
PCSA
TCRT
TCRT
Q4 25
Q3 25
$-1.2M
Q2 25
$-1.1M
Q1 25
$-1.1M
Q4 24
Q3 24
$-1.1M
Q2 24
$-1.1M
Q1 24
$-1.7M
Operating Margin
PCSA
PCSA
TCRT
TCRT
Q4 25
Q3 25
Q2 25
Q1 25
-54600.0%
Q4 24
Q3 24
Q2 24
-29150.0%
Q1 24
-174200.0%
Net Margin
PCSA
PCSA
TCRT
TCRT
Q4 25
Q3 25
Q2 25
Q1 25
-53650.0%
Q4 24
Q3 24
Q2 24
-28225.0%
Q1 24
-168200.0%
EPS (diluted)
PCSA
PCSA
TCRT
TCRT
Q4 25
Q3 25
$-0.55
Q2 25
$-0.63
Q1 25
$-0.67
Q4 24
Q3 24
$-0.70
Q2 24
$-0.71
Q1 24
$-1.05

Balance Sheet & Financial Strength

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

Metric
PCSA
PCSA
TCRT
TCRT
Cash + ST InvestmentsLiquidity on hand
$6.9M
$1.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.2M
$2.2M
Total Assets
$8.1M
$3.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCSA
PCSA
TCRT
TCRT
Q4 25
$1.4M
Q3 25
$1.9M
Q2 25
$2.9M
Q1 25
$319.0K
Q4 24
$1.1M
Q3 24
$1.7M
Q2 24
$2.5M
Q1 24
$4.1M
Stockholders' Equity
PCSA
PCSA
TCRT
TCRT
Q4 25
$2.2M
Q3 25
$2.8M
Q2 25
$3.7M
Q1 25
$1.1M
Q4 24
$2.1M
Q3 24
$2.7M
Q2 24
$3.8M
Q1 24
$4.8M
Total Assets
PCSA
PCSA
TCRT
TCRT
Q4 25
$3.0M
Q3 25
$3.7M
Q2 25
$4.7M
Q1 25
$2.1M
Q4 24
$2.8M
Q3 24
$3.5M
Q2 24
$4.7M
Q1 24
$6.0M

Cash Flow & Capital Efficiency

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

Metric
PCSA
PCSA
TCRT
TCRT
Operating Cash FlowLast quarter
$-1.8M
$-2.9M
Free Cash FlowOCF − Capex
$-3.0M
FCF MarginFCF / Revenue
-98900.0%
Capex IntensityCapex / Revenue
3266.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCSA
PCSA
TCRT
TCRT
Q4 25
$-2.9M
Q3 25
$-844.0K
Q2 25
$-701.0K
Q1 25
$-772.0K
Q4 24
$-5.0M
Q3 24
$-781.0K
Q2 24
$-1.7M
Q1 24
$-1.9M
Free Cash Flow
PCSA
PCSA
TCRT
TCRT
Q4 25
$-3.0M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
PCSA
PCSA
TCRT
TCRT
Q4 25
-98900.0%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
PCSA
PCSA
TCRT
TCRT
Q4 25
3266.7%
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
Q2 24
0.0%
Q1 24
0.0%

Financial Flow Comparison

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

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