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Side-by-side financial comparison of Stoke Therapeutics, Inc. (STOK) and Travere Therapeutics, Inc. (TVTX). Click either name above to swap in a different company.

Stoke Therapeutics, Inc. is the larger business by last-quarter revenue ($158.6M vs $129.7M, roughly 1.2× Travere Therapeutics, Inc.). On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 73.4%).

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

Travere Therapeutics, Inc. is a global biopharmaceutical firm developing and commercializing innovative therapies for patients with rare, serious, life-threatening diseases. Its key segments cover rare nephrology, hepatology and metabolic disorders, serving markets across North America, Europe and other global regions.

STOK vs TVTX — Head-to-Head

Bigger by revenue
STOK
STOK
1.2× larger
STOK
$158.6M
$129.7M
TVTX
Growing faster (revenue YoY)
STOK
STOK
+3587.7% gap
STOK
3661.1%
73.4%
TVTX

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
STOK
STOK
TVTX
TVTX
Revenue
$158.6M
$129.7M
Net Profit
$112.9M
Gross Margin
98.0%
Operating Margin
70.2%
-25.0%
Net Margin
71.2%
Revenue YoY
3661.1%
73.4%
Net Profit YoY
528.0%
EPS (diluted)
$1.90
$0.04

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
STOK
STOK
TVTX
TVTX
Q4 25
$129.7M
Q3 25
$164.9M
Q2 25
$114.4M
Q1 25
$158.6M
$81.7M
Q4 24
$22.6M
$74.8M
Q3 24
$62.9M
Q2 24
$54.1M
Q1 24
$41.4M
Net Profit
STOK
STOK
TVTX
TVTX
Q4 25
Q3 25
$25.7M
Q2 25
$-12.8M
Q1 25
$112.9M
$-41.2M
Q4 24
$-10.5M
Q3 24
$-54.8M
Q2 24
$-70.4M
Q1 24
$-136.1M
Gross Margin
STOK
STOK
TVTX
TVTX
Q4 25
98.0%
Q3 25
99.0%
Q2 25
98.7%
Q1 25
94.3%
Q4 24
96.6%
Q3 24
97.4%
Q2 24
96.2%
Q1 24
96.4%
Operating Margin
STOK
STOK
TVTX
TVTX
Q4 25
-25.0%
Q3 25
15.1%
Q2 25
-11.1%
Q1 25
70.2%
-52.2%
Q4 24
-60.4%
-81.2%
Q3 24
-89.3%
Q2 24
-125.1%
Q1 24
-336.5%
Net Margin
STOK
STOK
TVTX
TVTX
Q4 25
Q3 25
15.6%
Q2 25
-11.1%
Q1 25
71.2%
-50.4%
Q4 24
-46.4%
Q3 24
-87.1%
Q2 24
-130.1%
Q1 24
-328.9%
EPS (diluted)
STOK
STOK
TVTX
TVTX
Q4 25
$0.04
Q3 25
$0.28
Q2 25
$-0.14
Q1 25
$1.90
$-0.47
Q4 24
$-0.15
$-0.71
Q3 24
$-0.70
Q2 24
$-0.91
Q1 24
$-1.76

Balance Sheet & Financial Strength

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

Metric
STOK
STOK
TVTX
TVTX
Cash + ST InvestmentsLiquidity on hand
$274.8M
$93.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$350.1M
$114.8M
Total Assets
$406.9M
$605.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STOK
STOK
TVTX
TVTX
Q4 25
$93.0M
Q3 25
$110.9M
Q2 25
$75.2M
Q1 25
$274.8M
$61.9M
Q4 24
$128.0M
$58.5M
Q3 24
$36.4M
Q2 24
$32.3M
Q1 24
$43.3M
Stockholders' Equity
STOK
STOK
TVTX
TVTX
Q4 25
$114.8M
Q3 25
$73.6M
Q2 25
$32.7M
Q1 25
$350.1M
$32.8M
Q4 24
$229.0M
$59.1M
Q3 24
$-30.5M
Q2 24
$15.1M
Q1 24
$74.1M
Total Assets
STOK
STOK
TVTX
TVTX
Q4 25
$605.2M
Q3 25
$538.6M
Q2 25
$555.3M
Q1 25
$406.9M
$548.8M
Q4 24
$271.6M
$594.1M
Q3 24
$504.4M
Q2 24
$551.1M
Q1 24
$663.5M

Cash Flow & Capital Efficiency

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

Metric
STOK
STOK
TVTX
TVTX
Operating Cash FlowLast quarter
$131.8M
$60.7M
Free Cash FlowOCF − Capex
$131.7M
FCF MarginFCF / Revenue
83.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STOK
STOK
TVTX
TVTX
Q4 25
$60.7M
Q3 25
$14.3M
Q2 25
$5.0M
Q1 25
$131.8M
$-42.2M
Q4 24
$-23.2M
$-35.7M
Q3 24
$-42.5M
Q2 24
$-40.2M
Q1 24
$-119.0M
Free Cash Flow
STOK
STOK
TVTX
TVTX
Q4 25
Q3 25
$14.2M
Q2 25
Q1 25
$131.7M
Q4 24
$-23.2M
Q3 24
Q2 24
$-40.3M
Q1 24
FCF Margin
STOK
STOK
TVTX
TVTX
Q4 25
Q3 25
8.6%
Q2 25
Q1 25
83.0%
Q4 24
-102.7%
Q3 24
Q2 24
-74.5%
Q1 24
Capex Intensity
STOK
STOK
TVTX
TVTX
Q4 25
Q3 25
0.1%
Q2 25
Q1 25
0.1%
Q4 24
0.2%
Q3 24
0.0%
Q2 24
0.2%
Q1 24
0.0%
Cash Conversion
STOK
STOK
TVTX
TVTX
Q4 25
Q3 25
0.56×
Q2 25
Q1 25
1.17×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

STOK
STOK

Segment breakdown not available.

TVTX
TVTX

FILSPARI$103.3M80%
Tiopronin Products$23.3M18%
License$3.1M2%

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