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Side-by-side financial comparison of Pony AI Inc. (PONY) and RELMADA THERAPEUTICS, INC. (RLMD). Click either name above to swap in a different company.

Pony AI Inc. is the larger business by last-quarter revenue ($2.1M vs $1.3M, roughly 1.6× RELMADA THERAPEUTICS, INC.).

Pony Canyon Inc. , also known by the shorthand form Ponican , is a Japanese company, established on October 1, 1966, which distributes music, films, home video, and video games. It is affiliated with the Japanese media group Fujisankei Communications Group. Pony Canyon is a major leader in the music industry in Japan, with its artists regularly at the top of the Japanese charts. Pony Canyon is also responsible for releasing taped concerts from its artists as well as many anime productions and...

Relmada Therapeutics, Inc. is a clinical-stage biotechnology company dedicated to developing novel therapies for central nervous system disorders. Its lead product candidate targets treatment-resistant depression, with ongoing clinical trials to address unmet medical needs in its primary markets of North America and Europe.

PONY vs RLMD — Head-to-Head

Bigger by revenue
PONY
PONY
1.6× larger
PONY
$2.1M
$1.3M
RLMD

Income Statement — Q3 FY2025 vs Q4 FY2023

Metric
PONY
PONY
RLMD
RLMD
Revenue
$2.1M
$1.3M
Net Profit
$-5.9M
Gross Margin
9.2%
Operating Margin
-275.3%
-2130.6%
Net Margin
-284.8%
Revenue YoY
13.0%
Net Profit YoY
EPS (diluted)
$-3.51
$-0.84

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
PONY
PONY
RLMD
RLMD
Q3 25
$2.1M
Q2 25
$1.7M
Q1 25
$1.9M
Q4 23
$1.3M
Q3 23
$1.3M
Q2 23
$1.4M
Q1 23
$1.2M
Q4 22
$1.1M
Net Profit
PONY
PONY
RLMD
RLMD
Q3 25
$-5.9M
Q2 25
$-4.3M
Q1 25
$-5.2M
Q4 23
Q3 23
$-22.0M
Q2 23
$-25.3M
Q1 23
$-26.3M
Q4 22
$-37.9M
Gross Margin
PONY
PONY
RLMD
RLMD
Q3 25
9.2%
Q2 25
Q1 25
16.6%
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Operating Margin
PONY
PONY
RLMD
RLMD
Q3 25
-275.3%
Q2 25
-303.4%
Q1 25
-400.9%
Q4 23
-2130.6%
Q3 23
-1717.3%
Q2 23
-1908.9%
Q1 23
-2331.3%
Q4 22
-3472.5%
Net Margin
PONY
PONY
RLMD
RLMD
Q3 25
-284.8%
Q2 25
-253.7%
Q1 25
-267.4%
Q4 23
Q3 23
-1665.0%
Q2 23
-1855.9%
Q1 23
-2179.6%
Q4 22
-3404.5%
EPS (diluted)
PONY
PONY
RLMD
RLMD
Q3 25
$-3.51
Q2 25
$-0.92
Q1 25
$-0.12
Q4 23
$-0.84
Q3 23
$-0.73
Q2 23
$-0.84
Q1 23
$-0.87
Q4 22

Balance Sheet & Financial Strength

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

Metric
PONY
PONY
RLMD
RLMD
Cash + ST InvestmentsLiquidity on hand
$62.5M
$96.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$114.1M
$85.4M
Total Assets
$126.5M
$97.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PONY
PONY
RLMD
RLMD
Q3 25
$62.5M
Q2 25
$84.9M
Q1 25
$86.8M
Q4 23
$96.3M
Q3 23
$106.3M
Q2 23
$118.5M
Q1 23
$132.4M
Q4 22
$148.3M
Stockholders' Equity
PONY
PONY
RLMD
RLMD
Q3 25
$114.1M
Q2 25
$120.6M
Q1 25
$126.4M
Q4 23
$85.4M
Q3 23
$100.7M
Q2 23
$111.3M
Q1 23
$125.5M
Q4 22
$140.4M
Total Assets
PONY
PONY
RLMD
RLMD
Q3 25
$126.5M
Q2 25
$138.3M
Q1 25
$134.0M
Q4 23
$97.6M
Q3 23
$109.1M
Q2 23
$122.0M
Q1 23
$135.6M
Q4 22
$152.9M

Cash Flow & Capital Efficiency

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

Metric
PONY
PONY
RLMD
RLMD
Operating Cash FlowLast quarter
$-2.9M
$-10.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PONY
PONY
RLMD
RLMD
Q3 25
$-2.9M
Q2 25
$-2.5M
Q1 25
$-7.5M
Q4 23
$-10.2M
Q3 23
$-11.6M
Q2 23
$-13.3M
Q1 23
$-16.5M
Q4 22
$-35.9M

Financial Flow Comparison

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

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