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Side-by-side financial comparison of PALVELLA THERAPEUTICS, INC. (PVLA) and SciSparc Ltd. (SPRC). Click either name above to swap in a different company.

PALVELLA THERAPEUTICS, INC. is the larger business by last-quarter revenue ($520.0K vs $461.0K, roughly 1.1× SciSparc Ltd.). On growth, PALVELLA THERAPEUTICS, INC. posted the faster year-over-year revenue change (14.3% vs -45.1%).

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.

SciSparc Ltd. is a clinical-stage biopharmaceutical company focused on developing novel therapies for unmet medical needs in the neurological, psychiatric, and gastrointestinal disorder segments. It operates across global biotech markets, leveraging proprietary cannabinoid-based formulation technologies to advance its pipeline of therapeutic candidates.

PVLA vs SPRC — Head-to-Head

Bigger by revenue
PVLA
PVLA
1.1× larger
PVLA
$520.0K
$461.0K
SPRC
Growing faster (revenue YoY)
PVLA
PVLA
+59.4% gap
PVLA
14.3%
-45.1%
SPRC

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
PVLA
PVLA
SPRC
SPRC
Revenue
$520.0K
$461.0K
Net Profit
$-9.4M
Gross Margin
78.1%
Operating Margin
-588.5%
Net Margin
-2041.6%
Revenue YoY
14.3%
-45.1%
Net Profit YoY
-221.8%
-155.8%
EPS (diluted)
$17.92

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
SPRC
SPRC
Q4 25
$520.0K
Q3 25
$628.0K
Q2 25
$690.0K
$461.0K
Q1 25
$752.0K
Q4 24
$466.0K
Q3 24
$0
Q2 24
$0
$840.0K
Q1 24
$53.0K
Net Profit
PVLA
PVLA
SPRC
SPRC
Q4 25
Q3 25
$-11.3M
Q2 25
$-9.5M
$-9.4M
Q1 25
$-8.2M
Q4 24
$-3.8M
Q3 24
$-6.8M
Q2 24
$-4.2M
$-3.7M
Q1 24
$-2.5M
Gross Margin
PVLA
PVLA
SPRC
SPRC
Q4 25
Q3 25
Q2 25
78.1%
Q1 25
Q4 24
6.9%
Q3 24
Q2 24
56.4%
Q1 24
Operating Margin
PVLA
PVLA
SPRC
SPRC
Q4 25
Q3 25
-1620.5%
Q2 25
-1340.6%
-588.5%
Q1 25
-1046.7%
Q4 24
-813.1%
Q3 24
Q2 24
-419.9%
Q1 24
-3318.9%
Net Margin
PVLA
PVLA
SPRC
SPRC
Q4 25
Q3 25
-1806.5%
Q2 25
-1372.6%
-2041.6%
Q1 25
-1088.4%
Q4 24
-813.9%
Q3 24
Q2 24
-438.0%
Q1 24
-4784.9%
EPS (diluted)
PVLA
PVLA
SPRC
SPRC
Q4 25
Q3 25
$-1.03
Q2 25
$-0.86
$17.92
Q1 25
$-0.74
Q4 24
$-8.82
Q3 24
$-3.94
Q2 24
$-2.47
$35.70
Q1 24
$-1.54

Balance Sheet & Financial Strength

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

Metric
PVLA
PVLA
SPRC
SPRC
Cash + ST InvestmentsLiquidity on hand
$58.0M
$1.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$28.0M
$-81.0K
Total Assets
$59.6M
$5.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PVLA
PVLA
SPRC
SPRC
Q4 25
$58.0M
Q3 25
$63.6M
Q2 25
$70.4M
$1.5M
Q1 25
$75.6M
Q4 24
$1.5M
Q3 24
$19.4M
Q2 24
$19.7M
$252.0K
Q1 24
$19.1M
Stockholders' Equity
PVLA
PVLA
SPRC
SPRC
Q4 25
$28.0M
Q3 25
$38.7M
Q2 25
$47.8M
$-81.0K
Q1 25
$55.6M
Q4 24
$8.9M
Q3 24
$-87.4M
Q2 24
$-80.8M
$8.7M
Q1 24
$-76.9M
Total Assets
PVLA
PVLA
SPRC
SPRC
Q4 25
$59.6M
Q3 25
$66.9M
Q2 25
$73.7M
$5.1M
Q1 25
$79.4M
Q4 24
$10.3M
Q3 24
$20.5M
Q2 24
$25.1M
$10.5M
Q1 24
$29.5M

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
SPRC
SPRC
Operating Cash FlowLast quarter
$-25.0M
$-1.9M
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
PVLA
PVLA
SPRC
SPRC
Q4 25
$-25.0M
Q3 25
$-7.9M
Q2 25
$-5.4M
$-1.9M
Q1 25
$-6.8M
Q4 24
$-2.9M
Q3 24
$-2.7M
Q2 24
$-1.6M
$-2.2M
Q1 24
$-1.1M
Free Cash Flow
PVLA
PVLA
SPRC
SPRC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-2.2M
Q1 24
FCF Margin
PVLA
PVLA
SPRC
SPRC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-261.7%
Q1 24
Capex Intensity
PVLA
PVLA
SPRC
SPRC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.1%
Q1 24
0.0%

Financial Flow Comparison

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

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