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Side-by-side financial comparison of Hyperliquid Strategies Inc (PURR) and TaoWeave, Inc. (TWAV). Click either name above to swap in a different company.

TaoWeave, Inc. is the larger business by last-quarter revenue ($622.0K vs $500.0K, roughly 1.2× Hyperliquid Strategies Inc). TaoWeave, Inc. runs the higher net margin — -448.2% vs -60892.6%, a 60444.4% gap on every dollar of revenue.

PURR vs TWAV — Head-to-Head

Bigger by revenue
TWAV
TWAV
1.2× larger
TWAV
$622.0K
$500.0K
PURR
Higher net margin
TWAV
TWAV
60444.4% more per $
TWAV
-448.2%
-60892.6%
PURR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PURR
PURR
TWAV
TWAV
Revenue
$500.0K
$622.0K
Net Profit
$-304.5M
$-2.8M
Gross Margin
47.1%
Operating Margin
-57509.2%
-126.4%
Net Margin
-60892.6%
-448.2%
Revenue YoY
10.5%
Net Profit YoY
-215.4%
EPS (diluted)
$-7.43

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
PURR
PURR
TWAV
TWAV
Q4 25
$500.0K
$622.0K
Q3 25
$601.0K
Q2 25
$592.0K
Q1 25
$622.0K
Q4 24
$563.0K
Q3 24
$578.0K
Q2 24
$611.0K
Q1 24
$626.0K
Net Profit
PURR
PURR
TWAV
TWAV
Q4 25
$-304.5M
$-2.8M
Q3 25
$-2.3M
Q2 25
$-605.0K
Q1 25
$-672.0K
Q4 24
$-884.0K
Q3 24
$-1.0M
Q2 24
$-983.0K
Q1 24
$-1.1M
Gross Margin
PURR
PURR
TWAV
TWAV
Q4 25
47.1%
Q3 25
40.6%
Q2 25
38.5%
Q1 25
40.0%
Q4 24
24.0%
Q3 24
13.7%
Q2 24
19.6%
Q1 24
-0.5%
Operating Margin
PURR
PURR
TWAV
TWAV
Q4 25
-57509.2%
-126.4%
Q3 25
-133.4%
Q2 25
-115.4%
Q1 25
-111.1%
Q4 24
-164.8%
Q3 24
-185.5%
Q2 24
-166.6%
Q1 24
-189.1%
Net Margin
PURR
PURR
TWAV
TWAV
Q4 25
-60892.6%
-448.2%
Q3 25
-381.0%
Q2 25
-102.2%
Q1 25
-108.0%
Q4 24
-157.0%
Q3 24
-179.9%
Q2 24
-160.9%
Q1 24
-181.5%
EPS (diluted)
PURR
PURR
TWAV
TWAV
Q4 25
$-7.43
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
PURR
PURR
TWAV
TWAV
Cash + ST InvestmentsLiquidity on hand
$281.9M
$2.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$589.8M
$7.0M
Total Assets
$616.6M
$8.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PURR
PURR
TWAV
TWAV
Q4 25
$281.9M
$2.3M
Q3 25
$3.7M
Q2 25
$10.8M
Q1 25
$4.3M
Q4 24
$5.0M
Q3 24
$5.6M
Q2 24
$5.9M
Q1 24
Stockholders' Equity
PURR
PURR
TWAV
TWAV
Q4 25
$589.8M
$7.0M
Q3 25
$9.8M
Q2 25
$11.3M
Q1 25
$3.4M
Q4 24
$4.0M
Q3 24
$4.7M
Q2 24
$5.1M
Q1 24
$4.4M
Total Assets
PURR
PURR
TWAV
TWAV
Q4 25
$616.6M
$8.2M
Q3 25
$10.9M
Q2 25
$13.1M
Q1 25
$4.8M
Q4 24
$5.3M
Q3 24
$6.0M
Q2 24
$6.3M
Q1 24
$5.9M

Cash Flow & Capital Efficiency

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

Metric
PURR
PURR
TWAV
TWAV
Operating Cash FlowLast quarter
$-744.0K
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
PURR
PURR
TWAV
TWAV
Q4 25
$-744.0K
Q3 25
$-1.6M
Q2 25
$-37.0K
Q1 25
$-680.0K
Q4 24
$-255.0K
Q3 24
$-911.0K
Q2 24
$-1.6M
Q1 24
$-630.0K

Financial Flow Comparison

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

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