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Side-by-side financial comparison of VOX ROYALTY CORP. (VOXR) and Xilio Therapeutics, Inc. (XLO). Click either name above to swap in a different company.

Xilio Therapeutics, Inc. is the larger business by last-quarter revenue ($13.7M vs $9.3M, roughly 1.5× VOX ROYALTY CORP.). Xilio Therapeutics, Inc. runs the higher net margin — 75.7% vs -7.4%, a 83.1% gap on every dollar of revenue.

Vox Royalty Corp. is a specialized mining royalty and streaming company that provides upfront capital to mining project owners and operators, in exchange for a share of future commodity production revenue or physical output. Its portfolio includes gold, silver, copper and other critical minerals, with core operating markets spanning North America, Australia and Africa, catering to the global mining exploration and development sector.

Xilio Therapeutics is a clinical-stage biotechnology company dedicated to developing novel tumor-selective immunotherapies for cancer treatment. Its product pipeline features candidates engineered to trigger anti-tumor immune responses specifically inside tumor microenvironments, reducing systemic toxicities, and it primarily targets oncology patient populations in North America and other global markets.

VOXR vs XLO — Head-to-Head

Bigger by revenue
XLO
XLO
1.5× larger
XLO
$13.7M
$9.3M
VOXR
Higher net margin
XLO
XLO
83.1% more per $
XLO
75.7%
-7.4%
VOXR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
VOXR
VOXR
XLO
XLO
Revenue
$9.3M
$13.7M
Net Profit
$-682.6K
$10.4M
Gross Margin
69.2%
Operating Margin
11.8%
-86.5%
Net Margin
-7.4%
75.7%
Revenue YoY
Net Profit YoY
179.1%
EPS (diluted)
$-3.74

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
VOXR
VOXR
XLO
XLO
Q4 25
$13.7M
Q3 25
$9.3M
$19.1M
Q2 25
$5.4M
$8.1M
Q1 25
$2.7M
$2.9M
Q3 24
$8.2M
Q2 24
$5.7M
Q1 24
$2.9M
Q3 23
$9.3M
Net Profit
VOXR
VOXR
XLO
XLO
Q4 25
$10.4M
Q3 25
$-682.6K
$-16.3M
Q2 25
$-575.0K
$-15.8M
Q1 25
$-241.4K
$-13.3M
Q3 24
$316.9K
Q2 24
$-729.7K
Q1 24
$-681.2K
Q3 23
$276.1K
Gross Margin
VOXR
VOXR
XLO
XLO
Q4 25
Q3 25
69.2%
Q2 25
83.0%
Q1 25
90.1%
Q3 24
97.0%
Q2 24
83.8%
Q1 24
Q3 23
54.5%
Operating Margin
VOXR
VOXR
XLO
XLO
Q4 25
-86.5%
Q3 25
11.8%
-10.1%
Q2 25
15.0%
-177.7%
Q1 25
22.8%
-472.7%
Q3 24
28.5%
Q2 24
7.4%
Q1 24
32.7%
Q3 23
4.9%
Net Margin
VOXR
VOXR
XLO
XLO
Q4 25
75.7%
Q3 25
-7.4%
-85.4%
Q2 25
-10.6%
-196.0%
Q1 25
-9.0%
-452.7%
Q3 24
3.9%
Q2 24
-12.8%
Q1 24
-23.6%
Q3 23
3.0%
EPS (diluted)
VOXR
VOXR
XLO
XLO
Q4 25
$-3.74
Q3 25
$-0.11
Q2 25
$-0.16
Q1 25
$-0.18
Q3 24
Q2 24
Q1 24
Q3 23

Balance Sheet & Financial Strength

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

Metric
VOXR
VOXR
XLO
XLO
Cash + ST InvestmentsLiquidity on hand
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.3M
Total Assets
$154.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VOXR
VOXR
XLO
XLO
Q4 25
$137.5M
Q3 25
$103.8M
Q2 25
$121.6M
Q1 25
$89.1M
Q3 24
Q2 24
Q1 24
Q3 23
Stockholders' Equity
VOXR
VOXR
XLO
XLO
Q4 25
$35.3M
Q3 25
$-8.1M
Q2 25
$7.1M
Q1 25
$10.7M
Q3 24
Q2 24
Q1 24
Q3 23
Total Assets
VOXR
VOXR
XLO
XLO
Q4 25
$154.7M
Q3 25
$133.7M
Q2 25
$133.8M
Q1 25
$103.7M
Q3 24
Q2 24
Q1 24
Q3 23

Cash Flow & Capital Efficiency

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

Metric
VOXR
VOXR
XLO
XLO
Operating Cash FlowLast quarter
$-2.0M
Free Cash FlowOCF − Capex
$-2.1M
FCF MarginFCF / Revenue
-15.3%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VOXR
VOXR
XLO
XLO
Q4 25
$-2.0M
Q3 25
$-17.5M
Q2 25
$-14.5M
Q1 25
$29.0M
Q3 24
Q2 24
Q1 24
Q3 23
Free Cash Flow
VOXR
VOXR
XLO
XLO
Q4 25
$-2.1M
Q3 25
Q2 25
$-14.9M
Q1 25
$29.0M
Q3 24
Q2 24
Q1 24
Q3 23
FCF Margin
VOXR
VOXR
XLO
XLO
Q4 25
-15.3%
Q3 25
Q2 25
-184.0%
Q1 25
988.3%
Q3 24
Q2 24
Q1 24
Q3 23
Capex Intensity
VOXR
VOXR
XLO
XLO
Q4 25
0.7%
Q3 25
0.0%
Q2 25
5.0%
Q1 25
0.8%
Q3 24
Q2 24
Q1 24
Q3 23
Cash Conversion
VOXR
VOXR
XLO
XLO
Q4 25
-0.19×
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

VOXR
VOXR

Total$8.2M88%
Other$1.1M12%

XLO
XLO

Segment breakdown not available.

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