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Side-by-side financial comparison of Phunware, Inc. (PHUN) and Roivant Sciences Ltd. (ROIV). Click either name above to swap in a different company.

Roivant Sciences Ltd. is the larger business by last-quarter revenue ($2.0M vs $1.0M, roughly 2.0× Phunware, Inc.). Phunware, Inc. runs the higher net margin — -260.2% vs -13301.2%, a 13041.0% gap on every dollar of revenue. On growth, Phunware, Inc. posted the faster year-over-year revenue change (-21.9% vs -77.8%). Over the past eight quarters, Phunware, Inc.'s revenue compounded faster (-53.9% CAGR vs -73.7%).

Phunware Inc. is a publicly traded enterprise software company headquartered in Austin, Texas. Founded in 2009, Phunware builds cloud-based platforms that help brands and governments engage users across mobile and digital environments. Its core products include solutions for mobile app development, location-based services, digital advertising, and data-driven engagement.

Roivant Sciences Ltd. is an American multinational healthcare company focused on applying technology to drug development and building subsidiary life sciences and health technology companies. It was founded in 2014 by Vivek Ramaswamy and is currently headed by CEO Matt Gline. Roivant maintains its headquarters in New York City as well as major offices in the biotech hubs of Boston and Basel.

PHUN vs ROIV — Head-to-Head

Bigger by revenue
ROIV
ROIV
2.0× larger
ROIV
$2.0M
$1.0M
PHUN
Growing faster (revenue YoY)
PHUN
PHUN
+55.9% gap
PHUN
-21.9%
-77.8%
ROIV
Higher net margin
PHUN
PHUN
13041.0% more per $
PHUN
-260.2%
-13301.2%
ROIV
Faster 2-yr revenue CAGR
PHUN
PHUN
Annualised
PHUN
-53.9%
-73.7%
ROIV

Income Statement — Q2 FY2024 vs Q3 FY2026

Metric
PHUN
PHUN
ROIV
ROIV
Revenue
$1.0M
$2.0M
Net Profit
$-2.6M
$-265.9M
Gross Margin
46.5%
Operating Margin
-290.2%
-16966.1%
Net Margin
-260.2%
-13301.2%
Revenue YoY
-21.9%
-77.8%
Net Profit YoY
59.7%
-257.0%
EPS (diluted)
$-0.32
$-0.38

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
PHUN
PHUN
ROIV
ROIV
Q4 25
$2.0M
Q3 25
$1.6M
Q2 25
$2.2M
Q1 25
$-39.6M
Q4 24
$9.0M
Q3 24
$4.5M
Q2 24
$1.0M
$8.0M
Q1 24
$921.0K
$28.9M
Net Profit
PHUN
PHUN
ROIV
ROIV
Q4 25
$-265.9M
Q3 25
$-113.5M
Q2 25
$-223.4M
Q1 25
$-206.5M
Q4 24
$169.4M
Q3 24
$-230.2M
Q2 24
$-2.6M
$95.3M
Q1 24
$-2.3M
$-151.1M
Gross Margin
PHUN
PHUN
ROIV
ROIV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
46.5%
Q1 24
56.9%
Operating Margin
PHUN
PHUN
ROIV
ROIV
Q4 25
-16966.1%
Q3 25
-19492.9%
Q2 25
-13130.0%
Q1 25
674.8%
Q4 24
-3042.6%
Q3 24
-7636.0%
Q2 24
-290.2%
-1279.5%
Q1 24
-312.1%
-919.5%
Net Margin
PHUN
PHUN
ROIV
ROIV
Q4 25
-13301.2%
Q3 25
-7225.9%
Q2 25
-10292.9%
Q1 25
521.8%
Q4 24
1878.3%
Q3 24
-5143.8%
Q2 24
-260.2%
1192.7%
Q1 24
-248.9%
-522.3%
EPS (diluted)
PHUN
PHUN
ROIV
ROIV
Q4 25
$-0.38
Q3 25
$-0.17
Q2 25
$-0.33
Q1 25
$-0.28
Q4 24
$0.23
Q3 24
$-0.31
Q2 24
$-0.32
$0.12
Q1 24
$-0.33
$-0.02

Balance Sheet & Financial Strength

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

Metric
PHUN
PHUN
ROIV
ROIV
Cash + ST InvestmentsLiquidity on hand
$20.4M
$4.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$14.1M
$4.3B
Total Assets
$23.1M
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PHUN
PHUN
ROIV
ROIV
Q4 25
$4.5B
Q3 25
$4.4B
Q2 25
$4.5B
Q1 25
$4.9B
Q4 24
$5.1B
Q3 24
$5.4B
Q2 24
$20.4M
$5.7B
Q1 24
$21.6M
$6.5B
Total Debt
PHUN
PHUN
ROIV
ROIV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$311.7M
Q1 24
$430.6M
Stockholders' Equity
PHUN
PHUN
ROIV
ROIV
Q4 25
$4.3B
Q3 25
$4.4B
Q2 25
$4.3B
Q1 25
$4.7B
Q4 24
$5.2B
Q3 24
$5.2B
Q2 24
$14.1M
$5.4B
Q1 24
$14.6M
$6.0B
Total Assets
PHUN
PHUN
ROIV
ROIV
Q4 25
$5.2B
Q3 25
$5.1B
Q2 25
$5.0B
Q1 25
$5.4B
Q4 24
$5.8B
Q3 24
$6.2B
Q2 24
$23.1M
$6.5B
Q1 24
$24.3M
$7.2B
Debt / Equity
PHUN
PHUN
ROIV
ROIV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.06×
Q1 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
PHUN
PHUN
ROIV
ROIV
Operating Cash FlowLast quarter
$-2.7M
$-196.5M
Free Cash FlowOCF − Capex
$-201.4M
FCF MarginFCF / Revenue
-10076.0%
Capex IntensityCapex / Revenue
246.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-776.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PHUN
PHUN
ROIV
ROIV
Q4 25
$-196.5M
Q3 25
$-185.7M
Q2 25
$-204.4M
Q1 25
$-172.6M
Q4 24
$-207.3M
Q3 24
$-266.8M
Q2 24
$-2.7M
$-192.8M
Q1 24
$-5.5M
$-108.5M
Free Cash Flow
PHUN
PHUN
ROIV
ROIV
Q4 25
$-201.4M
Q3 25
$-193.5M
Q2 25
$-208.4M
Q1 25
$-173.4M
Q4 24
$-209.1M
Q3 24
$-267.8M
Q2 24
$-193.8M
Q1 24
$-108.8M
FCF Margin
PHUN
PHUN
ROIV
ROIV
Q4 25
-10076.0%
Q3 25
-12317.8%
Q2 25
-9604.5%
Q1 25
438.1%
Q4 24
-2318.5%
Q3 24
-5984.4%
Q2 24
-2425.5%
Q1 24
-376.1%
Capex Intensity
PHUN
PHUN
ROIV
ROIV
Q4 25
246.9%
Q3 25
499.6%
Q2 25
185.9%
Q1 25
-2.0%
Q4 24
20.3%
Q3 24
22.3%
Q2 24
12.1%
Q1 24
1.2%
Cash Conversion
PHUN
PHUN
ROIV
ROIV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-1.22×
Q3 24
Q2 24
-2.02×
Q1 24

Financial Flow Comparison

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

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