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Side-by-side financial comparison of Wheeler Real Estate Investment Trust, Inc. (WHLR) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

X4 Pharmaceuticals, Inc is the larger business by last-quarter revenue ($28.8M vs $25.2M, roughly 1.1× Wheeler Real Estate Investment Trust, Inc.). X4 Pharmaceuticals, Inc runs the higher net margin — 1.0% vs -80.5%, a 81.4% gap on every dollar of revenue.

Cedar Realty Trust, Inc. is a real estate investment trust that invests in shopping centers. It is a subsidiary of Wheeler Real Estate Investment Trust. As of December 31, 2022, the company owned 19 properties with 2.9 million square feet of leasable space primarily in the Northeastern United States, including 7 properties in Pennsylvania. The company's major tenants are TJX Companies, Kohl's, Shaw's, Dollar Tree, and Walmart. The only notable property owned by the company is The Shoppes at T...

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

WHLR vs XFOR — Head-to-Head

Bigger by revenue
XFOR
XFOR
1.1× larger
XFOR
$28.8M
$25.2M
WHLR
Higher net margin
XFOR
XFOR
81.4% more per $
XFOR
1.0%
-80.5%
WHLR

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
WHLR
WHLR
XFOR
XFOR
Revenue
$25.2M
$28.8M
Net Profit
$-819.0K
$282.0K
Gross Margin
83.6%
Operating Margin
42.2%
-32.8%
Net Margin
-80.5%
1.0%
Revenue YoY
-8.8%
Net Profit YoY
-102.2%
100.5%
EPS (diluted)
$-3.32
$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
WHLR
WHLR
XFOR
XFOR
Q4 25
$25.2M
Q3 25
$23.8M
Q2 25
$26.1M
Q1 25
$24.4M
$28.8M
Q4 24
$27.6M
Q3 24
$24.8M
Q2 24
$26.3M
Q1 24
$25.9M
$0
Net Profit
WHLR
WHLR
XFOR
XFOR
Q4 25
$-819.0K
Q3 25
$11.5M
Q2 25
$-2.4M
Q1 25
$509.0K
$282.0K
Q4 24
$37.5M
Q3 24
$-33.3M
Q2 24
$-5.1M
Q1 24
$-8.7M
$-51.8M
Gross Margin
WHLR
WHLR
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
83.6%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
WHLR
WHLR
XFOR
XFOR
Q4 25
42.2%
Q3 25
23.1%
Q2 25
57.3%
Q1 25
49.9%
-32.8%
Q4 24
16.8%
Q3 24
56.0%
Q2 24
43.8%
Q1 24
28.9%
Net Margin
WHLR
WHLR
XFOR
XFOR
Q4 25
-80.5%
Q3 25
48.4%
Q2 25
-9.4%
Q1 25
2.1%
1.0%
Q4 24
3374.0%
Q3 24
-134.4%
Q2 24
-19.2%
Q1 24
-33.7%
EPS (diluted)
WHLR
WHLR
XFOR
XFOR
Q4 25
$-3.32
Q3 25
$-0.83
Q2 25
$-9.45
Q1 25
$-22.41
$0.04
Q4 24
$-202743.05
Q3 24
$-129727.27
Q2 24
$-11554.90
Q1 24
$-2459.16
$-7.77

Balance Sheet & Financial Strength

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

Metric
WHLR
WHLR
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$23.7M
$40.3M
Total DebtLower is stronger
$75.0M
Stockholders' EquityBook value
$234.0K
$22.9M
Total Assets
$601.7M
$130.0M
Debt / EquityLower = less leverage
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
WHLR
WHLR
XFOR
XFOR
Q4 25
$23.7M
Q3 25
$27.1M
Q2 25
$28.1M
Q1 25
$19.2M
$40.3M
Q4 24
$43.0M
Q3 24
$37.1M
Q2 24
$19.6M
Q1 24
$17.7M
$60.5M
Total Debt
WHLR
WHLR
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
$75.0M
Q4 24
Q3 24
Q2 24
Q1 24
$479.2M
$55.0M
Stockholders' Equity
WHLR
WHLR
XFOR
XFOR
Q4 25
$234.0K
Q3 25
$-3.9M
Q2 25
$-18.5M
Q1 25
$-22.0M
$22.9M
Q4 24
$-25.4M
Q3 24
$-67.9M
Q2 24
$-36.4M
Q1 24
$-29.0M
$1.0M
Total Assets
WHLR
WHLR
XFOR
XFOR
Q4 25
$601.7M
Q3 25
$625.2M
Q2 25
$625.9M
Q1 25
$624.8M
$130.0M
Q4 24
$653.7M
Q3 24
$673.2M
Q2 24
$670.3M
Q1 24
$667.6M
$112.2M
Debt / Equity
WHLR
WHLR
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
3.27×
Q4 24
Q3 24
Q2 24
Q1 24
53.09×

Cash Flow & Capital Efficiency

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

Metric
WHLR
WHLR
XFOR
XFOR
Operating Cash FlowLast quarter
$21.1M
$-12.4M
Free Cash FlowOCF − Capex
$4.0M
FCF MarginFCF / Revenue
16.0%
Capex IntensityCapex / Revenue
68.0%
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters
$10.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
WHLR
WHLR
XFOR
XFOR
Q4 25
$21.1M
Q3 25
$5.4M
Q2 25
$8.9M
Q1 25
$4.4M
$-12.4M
Q4 24
$26.0M
Q3 24
$7.5M
Q2 24
$7.9M
Q1 24
$5.2M
$-33.6M
Free Cash Flow
WHLR
WHLR
XFOR
XFOR
Q4 25
$4.0M
Q3 25
$966.0K
Q2 25
$2.9M
Q1 25
$2.4M
Q4 24
$3.5M
Q3 24
$715.0K
Q2 24
$115.0K
Q1 24
$1.1M
$-33.7M
FCF Margin
WHLR
WHLR
XFOR
XFOR
Q4 25
16.0%
Q3 25
4.1%
Q2 25
11.1%
Q1 25
9.7%
Q4 24
12.5%
Q3 24
2.9%
Q2 24
0.4%
Q1 24
4.3%
Capex Intensity
WHLR
WHLR
XFOR
XFOR
Q4 25
68.0%
Q3 25
18.8%
Q2 25
23.0%
Q1 25
8.5%
0.0%
Q4 24
81.6%
Q3 24
27.3%
Q2 24
29.5%
Q1 24
16.0%
Cash Conversion
WHLR
WHLR
XFOR
XFOR
Q4 25
Q3 25
0.47×
Q2 25
Q1 25
8.72×
-43.86×
Q4 24
0.69×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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