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COSCIENS Biopharma vs Karbon-X: revenue, profit, margins and growth compared

COSCIENS Biopharma brought in $7.5M of revenue in fiscal 2025, Karbon-X $55.9M in fiscal 2026. Revenue changed by -21.8% at COSCIENS Biopharma and +1,665.6% at Karbon-X on the year before, so Karbon-X grew faster. COSCIENS Biopharma kept -138.1% of its revenue as net profit, Karbon-X -24.3%. Free cash flow was -$9.2M at COSCIENS Biopharma and -$7.9M at Karbon-X.

Side by side, latest fiscal year

CSCIDKARX
Fiscal year endedFY2025 (December 31, 2025)FY2026 (May 31, 2026)
Revenue$7.5M$55.9M
Revenue growth-21.8%+1,665.6%
Net income-$10.4M-$13.6M
Net margin-138.1%-24.3%
Free cash flow-$9.2M-$7.9M
Free cash flow margin-122.4%-14.1%
Earnings per share (diluted)-$3.27-$0.16
Cash$7.3M$1.2M
Debtn/a$4.9M
Price to earningsn/an/a
Market valuen/a$14.8M
Dividend yieldn/an/a
Rank by revenue in sector#131 of 154 · Consumer staples#101 of 154 · Consumer staples

Over the years

Revenue
CSCID FY2018: $26.9MCSCID FY2019: $532KCSCID FY2020: $3.7MCSCID FY2021: $5.3MCSCID FY2022: $14.6MCSCID FY2023: $7.1MCSCID FY2024: $9.6MCSCID FY2025: $7.5MKARX FY2019: $0KARX FY2020: $0KARX FY2021: $0KARX FY2022: $0KARX FY2023: $9.8KKARX FY2024: $412.1KKARX FY2025: $3.2MKARX FY2026: $55.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCID $7.5MKARX $55.9M
Net income
CSCID FY2018: $4.2MCSCID FY2019: -$6MCSCID FY2020: -$5.1MCSCID FY2021: -$8.4MCSCID FY2022: $3.4MCSCID FY2023: -$3.5MCSCID FY2024: -$15.3MCSCID FY2025: -$10.4MKARX FY2019: -$15.3KKARX FY2020: -$36.5KKARX FY2021: -$30.7KKARX FY2022: -$234.7KKARX FY2023: -$2MKARX FY2024: -$2.7MKARX FY2025: -$7.1MKARX FY2026: -$13.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCID -$10.4MKARX -$13.6M
Net margin
CSCID FY2018: 15.6%CSCID FY2019: -1,135.7%CSCID FY2020: -140.1%CSCID FY2021: -159.1%CSCID FY2022: 23.7%CSCID FY2023: -48.8%CSCID FY2024: -159.7%CSCID FY2025: -138.1%KARX FY2023: -20,216.4%KARX FY2024: -666.1%KARX FY2025: -222.9%KARX FY2026: -24.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCID -138.1%KARX -24.3%
Revenue growth
CSCID FY2019: -98.0%CSCID FY2020: +586.5%CSCID FY2021: +44.0%CSCID FY2022: +177.0%CSCID FY2023: -51.0%CSCID FY2024: +34.2%CSCID FY2025: -21.8%KARX FY2024: +4,090.6%KARX FY2025: +667.8%KARX FY2026: +1,665.6%FY19FY20FY21FY22FY23FY24FY25FY26
CSCID -21.8%KARX +1,665.6%
Free cash flow
CSCID FY2018: $6.8MCSCID FY2021: -$8.6MCSCID FY2022: $4.9MCSCID FY2023: -$3.3MCSCID FY2024: -$15.7MCSCID FY2025: -$9.2MKARX FY2022: -$187.8KKARX FY2023: -$1.5MKARX FY2024: -$1.1MKARX FY2025: -$6.5MKARX FY2026: -$7.9MFY18FY21FY22FY23FY24FY25FY26
CSCID -$9.2MKARX -$7.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about COSCIENS Biopharma and Karbon-X

Which is bigger by revenue, COSCIENS Biopharma or Karbon-X?

Karbon-X is bigger by revenue: $55.9M in fiscal 2026, against $7.5M for COSCIENS Biopharma in fiscal 2025.

Which keeps more of its revenue as profit, COSCIENS Biopharma or Karbon-X?

COSCIENS Biopharma had a net margin of -138.1% in fiscal 2025; Karbon-X had -24.3% in fiscal 2026.

Which grew revenue faster, COSCIENS Biopharma or Karbon-X?

In their latest fiscal years revenue changed by -21.8% at COSCIENS Biopharma and +1,665.6% at Karbon-X.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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