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Side-by-side financial comparison of PALVELLA THERAPEUTICS, INC. (PVLA) and Serve Robotics Inc. (SERV). Click either name above to swap in a different company.

Serve Robotics Inc. is the larger business by last-quarter revenue ($881.5K vs $520.0K, roughly 1.7× PALVELLA THERAPEUTICS, INC.). On growth, Serve Robotics Inc. posted the faster year-over-year revenue change (400.1% vs 14.3%). Over the past eight quarters, Serve Robotics Inc.'s revenue compounded faster (-3.5% CAGR vs -36.7%).

Palvella Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted therapies for rare, debilitating genetic diseases with high unmet medical needs. Its lead product candidates address congenital disorders, serving global patient populations that lack effective existing treatment options.

Ecovacs Robotics is a Chinese technology company. It is best known for developing in-home robotic appliances. The company was founded in 1998 by Qian Dongqi and is headquartered in Suzhou, China. According to Global Asia, Ecovacs Robotics had more than 60% of the Chinese market for robots by 2013. In 2023, Nikkei Asia had reported that the market capitalisation of Ecovacs Robotics has grown to near $6.38 billion, which is "roughly 5 times" that of the market capitalisation of rivalling US bas...

PVLA vs SERV — Head-to-Head

Bigger by revenue
SERV
SERV
1.7× larger
SERV
$881.5K
$520.0K
PVLA
Growing faster (revenue YoY)
SERV
SERV
+385.8% gap
SERV
400.1%
14.3%
PVLA
Faster 2-yr revenue CAGR
SERV
SERV
Annualised
SERV
-3.5%
-36.7%
PVLA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PVLA
PVLA
SERV
SERV
Revenue
$520.0K
$881.5K
Net Profit
$-34.3M
Gross Margin
-757.3%
Operating Margin
-4572.1%
Net Margin
-3888.1%
Revenue YoY
14.3%
400.1%
Net Profit YoY
-221.8%
-161.3%
EPS (diluted)
$-0.50

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
PVLA
PVLA
SERV
SERV
Q4 25
$520.0K
$881.5K
Q3 25
$628.0K
$687.0K
Q2 25
$690.0K
$642.0K
Q1 25
$752.0K
$440.5K
Q4 24
$176.3K
Q3 24
$0
$222.0K
Q2 24
$0
$468.0K
Q1 24
$53.0K
$946.7K
Net Profit
PVLA
PVLA
SERV
SERV
Q4 25
$-34.3M
Q3 25
$-11.3M
$-33.0M
Q2 25
$-9.5M
$-20.9M
Q1 25
$-8.2M
$-13.2M
Q4 24
$-13.1M
Q3 24
$-6.8M
$-8.0M
Q2 24
$-4.2M
$-9.0M
Q1 24
$-2.5M
$-9.0M
Gross Margin
PVLA
PVLA
SERV
SERV
Q4 25
-757.3%
Q3 25
-637.4%
Q2 25
-445.3%
Q1 25
-333.4%
Q4 24
-371.7%
Q3 24
-70.3%
Q2 24
30.3%
Q1 24
62.8%
Operating Margin
PVLA
PVLA
SERV
SERV
Q4 25
-4572.1%
Q3 25
-1620.5%
-5067.8%
Q2 25
-1340.6%
-3527.1%
Q1 25
-1046.7%
-3406.6%
Q4 24
-7701.3%
Q3 24
-3804.1%
Q2 24
-1828.2%
Q1 24
-3318.9%
-814.6%
Net Margin
PVLA
PVLA
SERV
SERV
Q4 25
-3888.1%
Q3 25
-1806.5%
-4806.4%
Q2 25
-1372.6%
-3247.7%
Q1 25
-1088.4%
-3000.5%
Q4 24
-7441.8%
Q3 24
-3601.8%
Q2 24
-1931.2%
Q1 24
-4784.9%
-954.7%
EPS (diluted)
PVLA
PVLA
SERV
SERV
Q4 25
$-0.50
Q3 25
$-1.03
$-0.54
Q2 25
$-0.86
$-0.36
Q1 25
$-0.74
$-0.23
Q4 24
$-0.23
Q3 24
$-3.94
$-0.20
Q2 24
$-2.47
$-0.27
Q1 24
$-1.54
$-0.37

Balance Sheet & Financial Strength

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

Metric
PVLA
PVLA
SERV
SERV
Cash + ST InvestmentsLiquidity on hand
$58.0M
$106.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$28.0M
$350.7M
Total Assets
$59.6M
$367.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PVLA
PVLA
SERV
SERV
Q4 25
$58.0M
$106.2M
Q3 25
$63.6M
$116.8M
Q2 25
$70.4M
$116.7M
Q1 25
$75.6M
$197.8M
Q4 24
$123.3M
Q3 24
$19.4M
$50.9M
Q2 24
$19.7M
$28.8M
Q1 24
$19.1M
Stockholders' Equity
PVLA
PVLA
SERV
SERV
Q4 25
$28.0M
$350.7M
Q3 25
$38.7M
$283.9M
Q2 25
$47.8M
$207.2M
Q1 25
$55.6M
$210.2M
Q4 24
$131.7M
Q3 24
$-87.4M
$56.2M
Q2 24
$-80.8M
$28.5M
Q1 24
$-76.9M
$-8.8M
Total Assets
PVLA
PVLA
SERV
SERV
Q4 25
$59.6M
$367.8M
Q3 25
$66.9M
$299.1M
Q2 25
$73.7M
$214.3M
Q1 25
$79.4M
$216.6M
Q4 24
$139.6M
Q3 24
$20.5M
$61.5M
Q2 24
$25.1M
$32.8M
Q1 24
$29.5M
$4.2M

Cash Flow & Capital Efficiency

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

Metric
PVLA
PVLA
SERV
SERV
Operating Cash FlowLast quarter
$-25.0M
$-29.6M
Free Cash FlowOCF − Capex
$-46.1M
FCF MarginFCF / Revenue
-5234.4%
Capex IntensityCapex / Revenue
1872.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-117.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PVLA
PVLA
SERV
SERV
Q4 25
$-25.0M
$-29.6M
Q3 25
$-7.9M
$-25.2M
Q2 25
$-5.4M
$-16.0M
Q1 25
$-6.8M
$-9.5M
Q4 24
$-6.3M
Q3 24
$-2.7M
$-5.5M
Q2 24
$-1.6M
$-5.7M
Q1 24
$-1.1M
$-4.1M
Free Cash Flow
PVLA
PVLA
SERV
SERV
Q4 25
$-46.1M
Q3 25
$-36.5M
Q2 25
$-22.0M
Q1 25
$-12.9M
Q4 24
$-11.1M
Q3 24
$-10.1M
Q2 24
$-6.5M
Q1 24
$-4.1M
FCF Margin
PVLA
PVLA
SERV
SERV
Q4 25
-5234.4%
Q3 25
-5314.1%
Q2 25
-3426.8%
Q1 25
-2934.1%
Q4 24
-6307.8%
Q3 24
-4529.7%
Q2 24
-1396.6%
Q1 24
-431.1%
Capex Intensity
PVLA
PVLA
SERV
SERV
Q4 25
1872.1%
Q3 25
1649.6%
Q2 25
940.4%
Q1 25
785.7%
Q4 24
2755.1%
Q3 24
2070.7%
Q2 24
169.8%
Q1 24
0.0%
0.4%

Financial Flow Comparison

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

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