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Side-by-side financial comparison of PureCycle Technologies, Inc. (PCT) and Scilex Holding Co (SCLX). Click either name above to swap in a different company.
Scilex Holding Co is the larger business by last-quarter revenue ($4.8M vs $2.7M, roughly 1.8× PureCycle Technologies, Inc.). PureCycle Technologies, Inc. runs the higher net margin — -697.1% vs -961.9%, a 264.8% gap on every dollar of revenue.
PureCycle Technologies, Inc. is a sustainable materials firm with proprietary advanced polypropylene recycling technology. It converts contaminated polypropylene waste into high-purity virgin-equivalent resin for use in consumer goods, automotive parts, packaging and industrial products, serving global partners.
Scilex Holding Co is a commercial-stage biopharmaceutical firm focused on developing and commercializing innovative non-opioid pain management therapies for acute and chronic pain segments. It primarily serves the US market, offering prescription and over-the-counter pain relief solutions for patients and healthcare providers.
PCT vs SCLX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7M | $4.8M |
| Net Profit | $-18.8M | $-46.1M |
| Gross Margin | — | 45.5% |
| Operating Margin | -2196.1% | -2317.8% |
| Net Margin | -697.1% | -961.9% |
| Revenue YoY | — | -67.8% |
| Net Profit YoY | 71.0% | -613.7% |
| EPS (diluted) | $-0.14 | $-4.63 |
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.
| Q4 25 | $2.7M | $4.8M | ||
| Q3 25 | $2.4M | $10.6M | ||
| Q2 25 | $1.6M | $9.9M | ||
| Q1 25 | $1.6M | $5.0M | ||
| Q4 24 | $0 | $14.9M | ||
| Q3 24 | $0 | $14.4M | ||
| Q2 24 | $0 | $16.4M | ||
| Q1 24 | $0 | $10.9M |
| Q4 25 | $-18.8M | $-46.1M | ||
| Q3 25 | $-28.4M | $-257.8M | ||
| Q2 25 | $-144.2M | $-44.0M | ||
| Q1 25 | $8.8M | $-26.1M | ||
| Q4 24 | $-64.7M | $-6.5M | ||
| Q3 24 | $-90.6M | $-4.4M | ||
| Q2 24 | $-48.2M | $-37.6M | ||
| Q1 24 | $-85.6M | $-24.4M |
| Q4 25 | — | 45.5% | ||
| Q3 25 | — | 68.5% | ||
| Q2 25 | — | 66.9% | ||
| Q1 25 | — | 72.3% | ||
| Q4 24 | — | 68.5% | ||
| Q3 24 | — | 73.9% | ||
| Q2 24 | — | 73.2% | ||
| Q1 24 | — | 64.7% |
| Q4 25 | -2196.1% | -2317.8% | ||
| Q3 25 | -1602.2% | -1766.2% | ||
| Q2 25 | -2763.5% | -207.2% | ||
| Q1 25 | -2387.4% | -557.5% | ||
| Q4 24 | — | -190.5% | ||
| Q3 24 | — | -138.0% | ||
| Q2 24 | — | -95.4% | ||
| Q1 24 | — | -179.0% |
| Q4 25 | -697.1% | -961.9% | ||
| Q3 25 | -1167.5% | -2441.5% | ||
| Q2 25 | -8741.8% | -445.1% | ||
| Q1 25 | 559.0% | -521.2% | ||
| Q4 24 | — | -43.4% | ||
| Q3 24 | — | -30.4% | ||
| Q2 24 | — | -229.6% | ||
| Q1 24 | — | -224.0% |
| Q4 25 | $-0.14 | $-4.63 | ||
| Q3 25 | $-0.31 | $-22.17 | ||
| Q2 25 | $-0.81 | $-7.42 | ||
| Q1 25 | $0.05 | $-2.26 | ||
| Q4 24 | $-0.40 | $8.53 | ||
| Q3 24 | $-0.54 | $-0.58 | ||
| Q2 24 | $-0.29 | $-7.67 | ||
| Q1 24 | $-0.52 | $-8.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $156.7M | $5.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $45.9M | $-207.8M |
| Total Assets | $922.7M | $365.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.7M | $5.0M | ||
| Q3 25 | $234.4M | $878.0K | ||
| Q2 25 | $284.1M | $4.1M | ||
| Q1 25 | $22.5M | $5.8M | ||
| Q4 24 | $15.7M | $3.3M | ||
| Q3 24 | $83.7M | $77.0K | ||
| Q2 24 | $10.9M | $6.9M | ||
| Q1 24 | $25.0M | $1.8M |
| Q4 25 | $45.9M | $-207.8M | ||
| Q3 25 | $68.2M | $-176.9M | ||
| Q2 25 | $98.9M | $-249.0M | ||
| Q1 25 | $238.2M | $-211.5M | ||
| Q4 24 | $180.4M | $-192.6M | ||
| Q3 24 | $241.4M | $-211.3M | ||
| Q2 24 | $291.6M | $-214.7M | ||
| Q1 24 | $336.8M | $-189.8M |
| Q4 25 | $922.7M | $365.0M | ||
| Q3 25 | $989.1M | $275.9M | ||
| Q2 25 | $1.0B | $83.8M | ||
| Q1 25 | $787.3M | $79.0M | ||
| Q4 24 | $798.4M | $93.0M | ||
| Q3 24 | $788.8M | $100.4M | ||
| Q2 24 | $719.8M | $104.5M | ||
| Q1 24 | $734.0M | $91.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-28.7M | $-17.5M |
| Free Cash FlowOCF − Capex | $-42.0M | — |
| FCF MarginFCF / Revenue | -1559.6% | — |
| Capex IntensityCapex / Revenue | 495.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-183.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-28.7M | $-17.5M | ||
| Q3 25 | $-38.5M | $8.2M | ||
| Q2 25 | $-36.7M | $7.0M | ||
| Q1 25 | $-38.9M | $6.0M | ||
| Q4 24 | $-31.8M | $2.5M | ||
| Q3 24 | $-33.4M | $5.1M | ||
| Q2 24 | $-40.4M | $2.3M | ||
| Q1 24 | $-39.2M | $9.4M |
| Q4 25 | $-42.0M | — | ||
| Q3 25 | $-42.4M | — | ||
| Q2 25 | $-45.3M | — | ||
| Q1 25 | $-53.9M | — | ||
| Q4 24 | $-53.4M | — | ||
| Q3 24 | $-42.6M | — | ||
| Q2 24 | $-50.8M | — | ||
| Q1 24 | $-53.5M | — |
| Q4 25 | -1559.6% | — | ||
| Q3 25 | -1743.1% | — | ||
| Q2 25 | -2747.1% | — | ||
| Q1 25 | -3409.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 495.1% | — | ||
| Q3 25 | 160.3% | — | ||
| Q2 25 | 521.5% | — | ||
| Q1 25 | 949.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.40× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
