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Side-by-side financial comparison of Shattuck Labs, Inc. (STTK) and TherapeuticsMD, Inc. (TXMD). Click either name above to swap in a different company.

Shattuck Labs, Inc. is the larger business by last-quarter revenue ($1.0M vs $893.0K, roughly 1.1× TherapeuticsMD, Inc.). On growth, TherapeuticsMD, Inc. posted the faster year-over-year revenue change (33.9% vs -66.6%). Over the past eight quarters, TherapeuticsMD, Inc.'s revenue compounded faster (68.9% CAGR vs 20.7%).

Shattuck Labs, Inc. is a clinical-stage biotechnology company focused on developing innovative immunotherapies for cancer and autoimmune diseases. It uses its proprietary Agonist Redirected Checkpoint platform to develop bifunctional fusion proteins, with multiple oncology product candidates in active clinical development stages.

Nektar Therapeutics is an American biopharmaceutical company. The company was founded in 1990 and is based in San Francisco, California. The company develops new drug candidates by applying its proprietary PEGylation and advanced polymer conjugate technologies to modify chemical structure of substances, which improves drug characteristics like retention and solubility. It is a technology supplier to a number of pharmaceutical companies including Affymax, Amgen, Merck, Pfizer and UCB Pharma, e...

STTK vs TXMD — Head-to-Head

Bigger by revenue
STTK
STTK
1.1× larger
STTK
$1.0M
$893.0K
TXMD
Growing faster (revenue YoY)
TXMD
TXMD
+100.5% gap
TXMD
33.9%
-66.6%
STTK
Faster 2-yr revenue CAGR
TXMD
TXMD
Annualised
TXMD
68.9%
20.7%
STTK

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
STTK
STTK
TXMD
TXMD
Revenue
$1.0M
$893.0K
Net Profit
$-10.1M
Gross Margin
Operating Margin
-1071.6%
Net Margin
-1005.6%
Revenue YoY
-66.6%
33.9%
Net Profit YoY
39.7%
-345.6%
EPS (diluted)
$-0.14

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
STTK
STTK
TXMD
TXMD
Q4 25
$893.0K
Q3 25
$1.0M
$784.0K
Q2 25
$0
$952.0K
Q1 25
$0
$393.0K
Q4 24
$667.0K
Q3 24
$3.0M
$547.0K
Q2 24
$1.6M
$234.0K
Q1 24
$1.1M
$313.0K
Net Profit
STTK
STTK
TXMD
TXMD
Q4 25
Q3 25
$-10.1M
$152.0K
Q2 25
$-12.5M
$551.0K
Q1 25
$-13.7M
$-653.0K
Q4 24
Q3 24
$-16.7M
$-609.0K
Q2 24
$-21.6M
$-1.1M
Q1 24
$-18.5M
$-734.0K
Operating Margin
STTK
STTK
TXMD
TXMD
Q4 25
Q3 25
-1071.6%
-109.9%
Q2 25
-73.0%
Q1 25
-221.6%
Q4 24
Q3 24
-597.9%
-207.3%
Q2 24
-1427.1%
-1191.9%
Q1 24
-1797.7%
-364.9%
Net Margin
STTK
STTK
TXMD
TXMD
Q4 25
Q3 25
-1005.6%
19.4%
Q2 25
57.9%
Q1 25
-166.2%
Q4 24
Q3 24
-556.4%
-111.3%
Q2 24
-1339.5%
-465.8%
Q1 24
-1659.6%
-234.5%
EPS (diluted)
STTK
STTK
TXMD
TXMD
Q4 25
Q3 25
$-0.14
$0.01
Q2 25
$-0.24
$0.05
Q1 25
$-0.27
$-0.06
Q4 24
Q3 24
$-0.33
$-0.05
Q2 24
$-0.42
$-0.09
Q1 24
$-0.37
$-0.06

Balance Sheet & Financial Strength

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

Metric
STTK
STTK
TXMD
TXMD
Cash + ST InvestmentsLiquidity on hand
$42.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$93.2M
$26.9M
Total Assets
$100.3M
$37.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STTK
STTK
TXMD
TXMD
Q4 25
Q3 25
$42.5M
Q2 25
$50.5M
Q1 25
$60.9M
$5.7M
Q4 24
$5.1M
Q3 24
$43.8M
Q2 24
$60.7M
Q1 24
$76.0M
Stockholders' Equity
STTK
STTK
TXMD
TXMD
Q4 25
$26.9M
Q3 25
$93.2M
$27.4M
Q2 25
$57.0M
$27.3M
Q1 25
$67.6M
$26.7M
Q4 24
$27.4M
Q3 24
$96.6M
$27.1M
Q2 24
$110.6M
$27.7M
Q1 24
$128.8M
$28.7M
Total Assets
STTK
STTK
TXMD
TXMD
Q4 25
$37.7M
Q3 25
$100.3M
$38.7M
Q2 25
$64.4M
$38.5M
Q1 25
$77.2M
$38.2M
Q4 24
$38.8M
Q3 24
$111.7M
Q2 24
$128.6M
$40.1M
Q1 24
$146.3M

Cash Flow & Capital Efficiency

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

Metric
STTK
STTK
TXMD
TXMD
Operating Cash FlowLast quarter
$-8.9M
$2.5M
Free Cash FlowOCF − Capex
$-9.0M
FCF MarginFCF / Revenue
-900.0%
Capex IntensityCapex / Revenue
7.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STTK
STTK
TXMD
TXMD
Q4 25
$2.5M
Q3 25
$-8.9M
$999.0K
Q2 25
$-10.4M
$381.0K
Q1 25
$-12.0M
$699.0K
Q4 24
$1.2M
Q3 24
$-16.1M
$-71.0K
Q2 24
$-10.9M
$1.5M
Q1 24
$-16.2M
$-229.0K
Free Cash Flow
STTK
STTK
TXMD
TXMD
Q4 25
Q3 25
$-9.0M
Q2 25
Q1 25
Q4 24
Q3 24
$-16.1M
Q2 24
$-10.9M
Q1 24
FCF Margin
STTK
STTK
TXMD
TXMD
Q4 25
Q3 25
-900.0%
Q2 25
Q1 25
Q4 24
Q3 24
-537.5%
Q2 24
-679.6%
Q1 24
Capex Intensity
STTK
STTK
TXMD
TXMD
Q4 25
Q3 25
7.1%
Q2 25
Q1 25
Q4 24
Q3 24
1.4%
Q2 24
1.1%
Q1 24
0.0%
Cash Conversion
STTK
STTK
TXMD
TXMD
Q4 25
Q3 25
6.57×
Q2 25
0.69×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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