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Side-by-side financial comparison of Prelude Therapeutics Inc (PRLD) and Tonix Pharmaceuticals Holding Corp. (TNXP). Click either name above to swap in a different company.

Prelude Therapeutics Inc is the larger business by last-quarter revenue ($6.5M vs $5.4M, roughly 1.2× Tonix Pharmaceuticals Holding Corp.). Prelude Therapeutics Inc runs the higher net margin — -303.5% vs -870.3%, a 566.9% gap on every dollar of revenue. On growth, Prelude Therapeutics Inc posted the faster year-over-year revenue change (116.7% vs 108.8%).

Tonix Pharmaceuticals is a pharmaceutical company based in Chatham, New Jersey that focuses on repurposed drugs for central nervous system conditions and as of 2020 was also pursuing a vaccine for COVID-19 and a biodefense project.

PRLD vs TNXP — Head-to-Head

Bigger by revenue
PRLD
PRLD
1.2× larger
PRLD
$6.5M
$5.4M
TNXP
Growing faster (revenue YoY)
PRLD
PRLD
+7.9% gap
PRLD
116.7%
108.8%
TNXP
Higher net margin
PRLD
PRLD
566.9% more per $
PRLD
-303.5%
-870.3%
TNXP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PRLD
PRLD
TNXP
TNXP
Revenue
$6.5M
$5.4M
Net Profit
$-19.7M
$-46.9M
Gross Margin
80.4%
Operating Margin
-314.1%
-895.8%
Net Margin
-303.5%
-870.3%
Revenue YoY
116.7%
108.8%
Net Profit YoY
38.9%
-112.2%
EPS (diluted)
$-0.26
$-4.28

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
PRLD
PRLD
TNXP
TNXP
Q4 25
$5.4M
Q3 25
$6.5M
$3.3M
Q2 25
$2.0M
Q1 25
$2.4M
Q4 24
$2.6M
Q3 24
$3.0M
$2.8M
Q2 24
$2.2M
Q1 24
$2.5M
Net Profit
PRLD
PRLD
TNXP
TNXP
Q4 25
$-46.9M
Q3 25
$-19.7M
$-32.0M
Q2 25
$-28.3M
Q1 25
$-16.8M
Q4 24
$-22.1M
Q3 24
$-32.3M
$-14.2M
Q2 24
$-78.8M
Q1 24
$-14.9M
Gross Margin
PRLD
PRLD
TNXP
TNXP
Q4 25
80.4%
Q3 25
58.4%
Q2 25
-63.8%
Q1 25
61.2%
Q4 24
54.2%
Q3 24
44.9%
Q2 24
-52.5%
Q1 24
33.1%
Operating Margin
PRLD
PRLD
TNXP
TNXP
Q4 25
-895.8%
Q3 25
-314.1%
-1005.1%
Q2 25
-1416.2%
Q1 25
-660.9%
Q4 24
-870.6%
Q3 24
-1145.9%
-551.2%
Q2 24
-3501.6%
Q1 24
-860.2%
Net Margin
PRLD
PRLD
TNXP
TNXP
Q4 25
-870.3%
Q3 25
-303.5%
-972.9%
Q2 25
-1415.0%
Q1 25
-692.8%
Q4 24
-856.2%
Q3 24
-1075.7%
-503.6%
Q2 24
-3567.8%
Q1 24
-601.9%
EPS (diluted)
PRLD
PRLD
TNXP
TNXP
Q4 25
$-4.28
Q3 25
$-0.26
$-3.59
Q2 25
$-3.86
Q1 25
$-2.84
Q4 24
$2302.65
Q3 24
$-0.43
$-22.68
Q2 24
$-1920.85
Q1 24
$-535.72

Balance Sheet & Financial Strength

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

Metric
PRLD
PRLD
TNXP
TNXP
Cash + ST InvestmentsLiquidity on hand
$55.0M
$207.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
$245.2M
Total Assets
$94.8M
$277.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRLD
PRLD
TNXP
TNXP
Q4 25
$207.6M
Q3 25
$55.0M
$190.1M
Q2 25
$125.3M
Q1 25
$131.7M
Q4 24
$98.8M
Q3 24
$153.6M
$28.2M
Q2 24
$4.2M
Q1 24
$7.0M
Total Debt
PRLD
PRLD
TNXP
TNXP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$8.7M
Q3 24
$9.4M
Q2 24
$10.1M
Q1 24
$10.8M
Stockholders' Equity
PRLD
PRLD
TNXP
TNXP
Q4 25
$245.2M
Q3 25
$58.5M
$231.1M
Q2 25
$168.0M
Q1 25
$180.4M
Q4 24
$139.6M
Q3 24
$156.4M
$74.2M
Q2 24
$42.1M
Q1 24
$108.1M
Total Assets
PRLD
PRLD
TNXP
TNXP
Q4 25
$277.2M
Q3 25
$94.8M
$252.4M
Q2 25
$187.4M
Q1 25
$192.9M
Q4 24
$162.9M
Q3 24
$197.2M
$95.0M
Q2 24
$70.3M
Q1 24
$135.3M
Debt / Equity
PRLD
PRLD
TNXP
TNXP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.06×
Q3 24
0.13×
Q2 24
0.24×
Q1 24
0.10×

Cash Flow & Capital Efficiency

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

Metric
PRLD
PRLD
TNXP
TNXP
Operating Cash FlowLast quarter
$-19.1M
$-39.6M
Free Cash FlowOCF − Capex
$-41.5M
FCF MarginFCF / Revenue
-770.4%
Capex IntensityCapex / Revenue
0.0%
34.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-103.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRLD
PRLD
TNXP
TNXP
Q4 25
$-39.6M
Q3 25
$-19.1M
$-28.8M
Q2 25
$-14.8M
Q1 25
$-16.6M
Q4 24
$-14.6M
Q3 24
$-27.3M
$-18.8M
Q2 24
$-9.9M
Q1 24
$-17.6M
Free Cash Flow
PRLD
PRLD
TNXP
TNXP
Q4 25
$-41.5M
Q3 25
$-29.7M
Q2 25
$-15.4M
Q1 25
$-16.6M
Q4 24
$-14.6M
Q3 24
$-27.4M
$-18.8M
Q2 24
Q1 24
$-17.7M
FCF Margin
PRLD
PRLD
TNXP
TNXP
Q4 25
-770.4%
Q3 25
-904.1%
Q2 25
-768.8%
Q1 25
-682.8%
Q4 24
-566.7%
Q3 24
-912.0%
-666.5%
Q2 24
Q1 24
-712.4%
Capex Intensity
PRLD
PRLD
TNXP
TNXP
Q4 25
34.8%
Q3 25
0.0%
29.2%
Q2 25
26.4%
Q1 25
0.2%
Q4 24
0.1%
Q3 24
2.1%
0.3%
Q2 24
0.0%
Q1 24
4.4%

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRLD
PRLD

Segment breakdown not available.

TNXP
TNXP

Zembrace Symtouch$3.1M58%
Other$2.3M42%

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