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Side-by-side financial comparison of Alaunos Therapeutics, Inc. (TCRT) and Whitehawk Therapeutics, Inc. (WHWK). Click either name above to swap in a different company.

Over the past eight quarters, Alaunos Therapeutics, Inc.'s revenue compounded faster (73.2% CAGR vs -100.0%).

Alaunos Therapeutics, Inc. is a clinical-stage biotechnology company that develops novel T cell receptor (TCR) immunotherapies for the treatment of hard-to-treat solid tumors. The firm focuses on advancing precision oncology candidates targeting shared tumor antigens, serving global oncology patient populations via internal R&D and cross-sector partnerships.

TCRT vs WHWK — Head-to-Head

Bigger by revenue
TCRT
TCRT
Infinity× larger
TCRT
$3.0K
$0
WHWK
Faster 2-yr revenue CAGR
TCRT
TCRT
Annualised
TCRT
73.2%
-100.0%
WHWK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TCRT
TCRT
WHWK
WHWK
Revenue
$3.0K
$0
Net Profit
$-23.3M
Gross Margin
Operating Margin
Net Margin
Revenue YoY
-40.0%
Net Profit YoY
-20.5%
-27.2%
EPS (diluted)
$-1.14

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
TCRT
TCRT
WHWK
WHWK
Q4 25
$3.0K
$0
Q3 25
$0
$0
Q2 25
$0
$0
Q1 25
$2.0K
$7.1M
Q4 24
$5.0K
$7.2M
Q3 24
$0
$7.2M
Q2 24
$4.0K
$6.2M
Q1 24
$1.0K
$5.4M
Net Profit
TCRT
TCRT
WHWK
WHWK
Q4 25
$-23.3M
Q3 25
$-1.2M
$-17.7M
Q2 25
$-1.1M
$-52.6M
Q1 25
$-1.1M
$73.0M
Q4 24
$-18.3M
Q3 24
$-1.1M
$-12.5M
Q2 24
$-1.1M
$-14.6M
Q1 24
$-1.7M
$-18.3M
Gross Margin
TCRT
TCRT
WHWK
WHWK
Q4 25
Q3 25
Q2 25
Q1 25
89.4%
Q4 24
89.1%
Q3 24
88.9%
Q2 24
87.4%
Q1 24
87.8%
Operating Margin
TCRT
TCRT
WHWK
WHWK
Q4 25
Q3 25
Q2 25
Q1 25
-54600.0%
-213.0%
Q4 24
-261.8%
Q3 24
-186.0%
Q2 24
-29150.0%
-252.2%
Q1 24
-174200.0%
-364.5%
Net Margin
TCRT
TCRT
WHWK
WHWK
Q4 25
Q3 25
Q2 25
Q1 25
-53650.0%
1021.9%
Q4 24
-252.4%
Q3 24
-174.0%
Q2 24
-28225.0%
-236.0%
Q1 24
-168200.0%
-341.7%
EPS (diluted)
TCRT
TCRT
WHWK
WHWK
Q4 25
$-1.14
Q3 25
$-0.55
$-0.26
Q2 25
$-0.63
$-0.76
Q1 25
$-0.67
$1.83
Q4 24
$-0.68
Q3 24
$-0.70
$-0.46
Q2 24
$-0.71
$-0.54
Q1 24
$-1.05
$-0.68

Balance Sheet & Financial Strength

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

Metric
TCRT
TCRT
WHWK
WHWK
Cash + ST InvestmentsLiquidity on hand
$1.4M
$145.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2M
$136.3M
Total Assets
$3.0M
$150.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TCRT
TCRT
WHWK
WHWK
Q4 25
$1.4M
$145.7M
Q3 25
$1.9M
$162.6M
Q2 25
$2.9M
$177.2M
Q1 25
$319.0K
$231.1M
Q4 24
$1.1M
$47.2M
Q3 24
$1.7M
$62.6M
Q2 24
$2.5M
$78.6M
Q1 24
$4.1M
$88.3M
Stockholders' Equity
TCRT
TCRT
WHWK
WHWK
Q4 25
$2.2M
$136.3M
Q3 25
$2.8M
$157.2M
Q2 25
$3.7M
$172.1M
Q1 25
$1.1M
$221.7M
Q4 24
$2.1M
$52.5M
Q3 24
$2.7M
$68.9M
Q2 24
$3.8M
$78.8M
Q1 24
$4.8M
$90.5M
Total Assets
TCRT
TCRT
WHWK
WHWK
Q4 25
$3.0M
$150.8M
Q3 25
$3.7M
$167.0M
Q2 25
$4.7M
$180.8M
Q1 25
$2.1M
$234.0M
Q4 24
$2.8M
$70.3M
Q3 24
$3.5M
$85.7M
Q2 24
$4.7M
$101.6M
Q1 24
$6.0M
$111.1M

Cash Flow & Capital Efficiency

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

Metric
TCRT
TCRT
WHWK
WHWK
Operating Cash FlowLast quarter
$-2.9M
$-17.2M
Free Cash FlowOCF − Capex
$-3.0M
FCF MarginFCF / Revenue
-98900.0%
Capex IntensityCapex / Revenue
3266.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TCRT
TCRT
WHWK
WHWK
Q4 25
$-2.9M
$-17.2M
Q3 25
$-844.0K
$-15.4M
Q2 25
$-701.0K
$-53.0M
Q1 25
$-772.0K
$-11.9M
Q4 24
$-5.0M
$-15.1M
Q3 24
$-781.0K
$-15.7M
Q2 24
$-1.7M
$-9.2M
Q1 24
$-1.9M
$-19.7M
Free Cash Flow
TCRT
TCRT
WHWK
WHWK
Q4 25
$-3.0M
Q3 25
Q2 25
$-53.0M
Q1 25
$-12.4M
Q4 24
$-15.2M
Q3 24
$-15.9M
Q2 24
$-9.7M
Q1 24
$-20.4M
FCF Margin
TCRT
TCRT
WHWK
WHWK
Q4 25
-98900.0%
Q3 25
Q2 25
Q1 25
-173.8%
Q4 24
-210.5%
Q3 24
-220.1%
Q2 24
-157.0%
Q1 24
-380.9%
Capex Intensity
TCRT
TCRT
WHWK
WHWK
Q4 25
3266.7%
Q3 25
Q2 25
Q1 25
7.7%
Q4 24
0.0%
2.6%
Q3 24
2.6%
Q2 24
0.0%
8.8%
Q1 24
0.0%
13.8%
Cash Conversion
TCRT
TCRT
WHWK
WHWK
Q4 25
Q3 25
Q2 25
Q1 25
-0.16×
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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