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Side-by-side financial comparison of RELMADA THERAPEUTICS, INC. (RLMD) and SOCIETY PASS INCORPORATED. (SOPA). Click either name above to swap in a different company.

SOCIETY PASS INCORPORATED. is the larger business by last-quarter revenue ($1.4M vs $1.3M, roughly 1.1× RELMADA THERAPEUTICS, INC.). On growth, RELMADA THERAPEUTICS, INC. posted the faster year-over-year revenue change (13.0% vs -17.6%). Over the past eight quarters, RELMADA THERAPEUTICS, INC.'s revenue compounded faster (95.4% CAGR vs -11.2%).

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.

The Wilderness Society is an Australian, community-based, not-for-profit non-governmental environmental advocacy organisation.

RLMD vs SOPA — Head-to-Head

Bigger by revenue
SOPA
SOPA
1.1× larger
SOPA
$1.4M
$1.3M
RLMD
Growing faster (revenue YoY)
RLMD
RLMD
+30.6% gap
RLMD
13.0%
-17.6%
SOPA
Faster 2-yr revenue CAGR
RLMD
RLMD
Annualised
RLMD
95.4%
-11.2%
SOPA

Income Statement — Q4 FY2023 vs Q3 FY2025

Metric
RLMD
RLMD
SOPA
SOPA
Revenue
$1.3M
$1.4M
Net Profit
$-5.1M
Gross Margin
64.3%
Operating Margin
-2130.6%
-379.9%
Net Margin
-370.8%
Revenue YoY
13.0%
-17.6%
Net Profit YoY
-271.5%
EPS (diluted)
$-0.84
$-0.89

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
RLMD
RLMD
SOPA
SOPA
Q3 25
$1.4M
Q2 25
$2.5M
Q1 25
$1.5M
Q4 24
$1.9M
Q3 24
$1.7M
Q2 24
$1.7M
Q1 24
$1.8M
Q4 23
$1.3M
$1.7M
Net Profit
RLMD
RLMD
SOPA
SOPA
Q3 25
$-5.1M
Q2 25
$479.0K
Q1 25
$-1.8M
Q4 24
$-4.1M
Q3 24
$-1.4M
Q2 24
$-1.9M
Q1 24
$-2.8M
Q4 23
$-5.7M
Gross Margin
RLMD
RLMD
SOPA
SOPA
Q3 25
64.3%
Q2 25
56.5%
Q1 25
31.6%
Q4 24
28.9%
Q3 24
21.8%
Q2 24
27.1%
Q1 24
26.7%
Q4 23
36.8%
Operating Margin
RLMD
RLMD
SOPA
SOPA
Q3 25
-379.9%
Q2 25
-6.1%
Q1 25
-126.6%
Q4 24
-165.6%
Q3 24
-70.1%
Q2 24
-126.0%
Q1 24
-156.6%
Q4 23
-2130.6%
-283.1%
Net Margin
RLMD
RLMD
SOPA
SOPA
Q3 25
-370.8%
Q2 25
19.1%
Q1 25
-124.9%
Q4 24
-217.5%
Q3 24
-82.2%
Q2 24
-113.3%
Q1 24
-153.8%
Q4 23
-323.7%
EPS (diluted)
RLMD
RLMD
SOPA
SOPA
Q3 25
$-0.89
Q2 25
$0.10
Q1 25
$-0.44
Q4 24
$-1.03
Q3 24
$-0.48
Q2 24
$-0.73
Q1 24
$-1.21
Q4 23
$-0.84
$-2.59

Balance Sheet & Financial Strength

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

Metric
RLMD
RLMD
SOPA
SOPA
Cash + ST InvestmentsLiquidity on hand
$96.3M
$6.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$85.4M
$13.9M
Total Assets
$97.6M
$32.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RLMD
RLMD
SOPA
SOPA
Q3 25
$6.6M
Q2 25
$8.2M
Q1 25
$7.1M
Q4 24
$7.6M
Q3 24
$4.2M
Q2 24
$833.9K
Q1 24
$1.6M
Q4 23
$96.3M
$3.6M
Stockholders' Equity
RLMD
RLMD
SOPA
SOPA
Q3 25
$13.9M
Q2 25
$2.4M
Q1 25
$-663.0K
Q4 24
$-2.1M
Q3 24
$862.6K
Q2 24
$2.4M
Q1 24
$3.5M
Q4 23
$85.4M
$5.3M
Total Assets
RLMD
RLMD
SOPA
SOPA
Q3 25
$32.9M
Q2 25
$29.2M
Q1 25
$22.9M
Q4 24
$21.3M
Q3 24
$17.0M
Q2 24
$13.0M
Q1 24
$13.3M
Q4 23
$97.6M
$16.4M

Cash Flow & Capital Efficiency

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

Metric
RLMD
RLMD
SOPA
SOPA
Operating Cash FlowLast quarter
$-10.2M
$-16.7M
Free Cash FlowOCF − Capex
$-16.7M
FCF MarginFCF / Revenue
-1211.0%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RLMD
RLMD
SOPA
SOPA
Q3 25
$-16.7M
Q2 25
$-1.8M
Q1 25
$-4.0M
Q4 24
$3.7M
Q3 24
$2.0M
Q2 24
$-864.6K
Q1 24
$-2.4M
Q4 23
$-10.2M
$-4.1M
Free Cash Flow
RLMD
RLMD
SOPA
SOPA
Q3 25
$-16.7M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
$-4.1M
FCF Margin
RLMD
RLMD
SOPA
SOPA
Q3 25
-1211.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
-235.8%
Capex Intensity
RLMD
RLMD
SOPA
SOPA
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
1.9%
Cash Conversion
RLMD
RLMD
SOPA
SOPA
Q3 25
Q2 25
-3.70×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

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