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Side-by-side financial comparison of PEDEVCO CORP (PED) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

X4 Pharmaceuticals, Inc is the larger business by last-quarter revenue ($28.8M vs $23.1M, roughly 1.2× PEDEVCO CORP). X4 Pharmaceuticals, Inc runs the higher net margin — 1.0% vs -36.8%, a 37.8% gap on every dollar of revenue.

PEDEVCO Corp is an independent energy company specializing in the acquisition, exploration, development, and production of oil and natural gas assets. It primarily holds and operates onshore resource properties across continental US basins, serving domestic wholesale, utility, and industrial energy customer segments.

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

PED vs XFOR — Head-to-Head

Bigger by revenue
XFOR
XFOR
1.2× larger
XFOR
$28.8M
$23.1M
PED
Higher net margin
XFOR
XFOR
37.8% more per $
XFOR
1.0%
-36.8%
PED

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
PED
PED
XFOR
XFOR
Revenue
$23.1M
$28.8M
Net Profit
$-8.5M
$282.0K
Gross Margin
83.6%
Operating Margin
-21.3%
-32.8%
Net Margin
-36.8%
1.0%
Revenue YoY
118.2%
Net Profit YoY
-243.5%
100.5%
EPS (diluted)
$-2.23
$0.04

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
PED
PED
XFOR
XFOR
Q4 25
$23.1M
Q3 25
$7.0M
Q2 25
$7.0M
Q1 25
$8.7M
$28.8M
Q4 24
$10.6M
Q3 24
$9.1M
Q2 24
$11.8M
Q1 24
$8.1M
$0
Net Profit
PED
PED
XFOR
XFOR
Q4 25
$-8.5M
Q3 25
$-325.0K
Q2 25
$-1.7M
Q1 25
$140.0K
$282.0K
Q4 24
$5.9M
Q3 24
$2.9M
Q2 24
$2.7M
Q1 24
$773.0K
$-51.8M
Gross Margin
PED
PED
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
83.6%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
PED
PED
XFOR
XFOR
Q4 25
-21.3%
Q3 25
-12.0%
Q2 25
-32.2%
Q1 25
1.7%
-32.8%
Q4 24
-12.9%
Q3 24
31.3%
Q2 24
22.3%
Q1 24
7.6%
Net Margin
PED
PED
XFOR
XFOR
Q4 25
-36.8%
Q3 25
-4.7%
Q2 25
-24.0%
Q1 25
1.6%
1.0%
Q4 24
56.0%
Q3 24
32.2%
Q2 24
22.7%
Q1 24
9.5%
EPS (diluted)
PED
PED
XFOR
XFOR
Q4 25
$-2.23
Q3 25
$0.00
Q2 25
$-0.02
Q1 25
$0.00
$0.04
Q4 24
$2.69
Q3 24
$0.03
Q2 24
$0.03
Q1 24
$0.01
$-7.77

Balance Sheet & Financial Strength

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

Metric
PED
PED
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$3.2M
$40.3M
Total DebtLower is stronger
$75.0M
Stockholders' EquityBook value
$207.4M
$22.9M
Total Assets
$375.9M
$130.0M
Debt / EquityLower = less leverage
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PED
PED
XFOR
XFOR
Q4 25
$3.2M
Q3 25
$10.9M
Q2 25
$8.5M
Q1 25
$10.4M
$40.3M
Q4 24
$4.0M
Q3 24
$4.6M
Q2 24
$6.1M
Q1 24
$13.3M
$60.5M
Total Debt
PED
PED
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
$75.0M
Q4 24
Q3 24
Q2 24
Q1 24
$55.0M
Stockholders' Equity
PED
PED
XFOR
XFOR
Q4 25
$207.4M
Q3 25
$115.4M
Q2 25
$115.2M
Q1 25
$116.2M
$22.9M
Q4 24
$115.6M
Q3 24
$106.5M
Q2 24
$103.2M
Q1 24
$100.0M
$1.0M
Total Assets
PED
PED
XFOR
XFOR
Q4 25
$375.9M
Q3 25
$135.9M
Q2 25
$136.8M
Q1 25
$145.6M
$130.0M
Q4 24
$128.3M
Q3 24
$114.3M
Q2 24
$111.0M
Q1 24
$118.3M
$112.2M
Debt / Equity
PED
PED
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
3.27×
Q4 24
Q3 24
Q2 24
Q1 24
53.09×

Cash Flow & Capital Efficiency

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

Metric
PED
PED
XFOR
XFOR
Operating Cash FlowLast quarter
$-2.1M
$-12.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PED
PED
XFOR
XFOR
Q4 25
$-2.1M
Q3 25
$7.4M
Q2 25
$-420.0K
Q1 25
$5.9M
$-12.4M
Q4 24
$4.2M
Q3 24
$8.3M
Q2 24
$4.6M
Q1 24
$-4.3M
$-33.6M
Free Cash Flow
PED
PED
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-33.7M
Capex Intensity
PED
PED
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
0.0%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
PED
PED
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
42.34×
-43.86×
Q4 24
0.71×
Q3 24
2.83×
Q2 24
1.71×
Q1 24
-5.56×

Financial Flow Comparison

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

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