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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and Xiao-I Corp (AIXI). Click either name above to swap in a different company.

Xiao-I Corp is the larger business by last-quarter revenue ($11.5M vs $10.7M, roughly 1.1× Arbutus Biopharma Corp). Arbutus Biopharma Corp runs the higher net margin — 23.5% vs -263.9%, a 287.4% gap on every dollar of revenue.

Arbutus Biopharma Corporation is a publicly traded Canadian biopharmaceutical company with an expertise in liposomal drug delivery and RNA interference, and is developing drugs for hepatitis B infection.

Xiao-i is a Chinese cognitive artificial intelligence enterprise founded in 2001.

ABUS vs AIXI — Head-to-Head

Bigger by revenue
AIXI
AIXI
1.1× larger
AIXI
$11.5M
$10.7M
ABUS
Higher net margin
ABUS
ABUS
287.4% more per $
ABUS
23.5%
-263.9%
AIXI

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
ABUS
ABUS
AIXI
AIXI
Revenue
$10.7M
$11.5M
Net Profit
$2.5M
$-30.4M
Gross Margin
58.1%
Operating Margin
13.9%
-254.9%
Net Margin
23.5%
-263.9%
Revenue YoY
522.2%
Net Profit YoY
112.7%
EPS (diluted)
$0.01

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
ABUS
ABUS
AIXI
AIXI
Q2 25
$10.7M
$11.5M
Q2 24
$33.0M
Q4 23
$2.1M
Q3 23
$4.7M
Q2 23
$4.7M
$26.5M
Q1 23
$6.7M
Q4 22
$6.2M
Q3 22
$6.0M
Net Profit
ABUS
ABUS
AIXI
AIXI
Q2 25
$2.5M
$-30.4M
Q2 24
$-15.5M
Q4 23
Q3 23
$-20.1M
Q2 23
$-17.1M
$-18.8M
Q1 23
$-16.3M
Q4 22
$-21.9M
Q3 22
$-17.6M
Gross Margin
ABUS
ABUS
AIXI
AIXI
Q2 25
58.1%
Q2 24
64.5%
Q4 23
Q3 23
Q2 23
77.3%
Q1 23
Q4 22
Q3 22
Operating Margin
ABUS
ABUS
AIXI
AIXI
Q2 25
13.9%
-254.9%
Q2 24
-45.0%
Q4 23
-967.2%
Q3 23
-462.8%
Q2 23
-395.3%
-51.5%
Q1 23
-260.4%
Q4 22
-361.3%
Q3 22
-299.2%
Net Margin
ABUS
ABUS
AIXI
AIXI
Q2 25
23.5%
-263.9%
Q2 24
-47.2%
Q4 23
Q3 23
-431.6%
Q2 23
-367.5%
-70.9%
Q1 23
-244.3%
Q4 22
-351.2%
Q3 22
-295.1%
EPS (diluted)
ABUS
ABUS
AIXI
AIXI
Q2 25
$0.01
Q2 24
$-0.64
Q4 23
$-0.12
Q3 23
$-0.12
Q2 23
$-0.10
$-0.80
Q1 23
$-0.10
Q4 22
$-0.13
Q3 22
$-0.12

Balance Sheet & Financial Strength

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

Metric
ABUS
ABUS
AIXI
AIXI
Cash + ST InvestmentsLiquidity on hand
$37.4M
$5.0M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$83.0M
Total Assets
$103.3M
$82.4M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
AIXI
AIXI
Q2 25
$37.4M
$5.0M
Q2 24
$1.8M
Q4 23
$126.0M
Q3 23
$17.5M
Q2 23
$27.2M
$4.7M
Q1 23
$40.6M
Q4 22
$146.9M
Q3 22
$24.0M
Total Debt
ABUS
ABUS
AIXI
AIXI
Q2 25
$0
Q2 24
Q4 23
$0
Q3 23
$0
Q2 23
$0
Q1 23
$0
Q4 22
$0
Q3 22
$0
Stockholders' Equity
ABUS
ABUS
AIXI
AIXI
Q2 25
$83.0M
Q2 24
Q4 23
$106.0M
Q3 23
$119.3M
Q2 23
$134.7M
$525.1K
Q1 23
$143.9M
Q4 22
$136.9M
Q3 22
$145.5M
Total Assets
ABUS
ABUS
AIXI
AIXI
Q2 25
$103.3M
$82.4M
Q2 24
$87.6M
Q4 23
$144.4M
Q3 23
$158.6M
Q2 23
$176.8M
$51.3M
Q1 23
$191.2M
Q4 22
$195.4M
Q3 22
$203.8M
Debt / Equity
ABUS
ABUS
AIXI
AIXI
Q2 25
0.00×
Q2 24
Q4 23
0.00×
Q3 23
0.00×
Q2 23
0.00×
Q1 23
0.00×
Q4 22
0.00×
Q3 22
0.00×

Cash Flow & Capital Efficiency

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

Metric
ABUS
ABUS
AIXI
AIXI
Operating Cash FlowLast quarter
$-15.7M
$-2.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-6.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
AIXI
AIXI
Q2 25
$-15.7M
$-2.3M
Q2 24
Q4 23
$-17.3M
Q3 23
$-21.8M
Q2 23
$-19.6M
Q1 23
$-27.3M
Q4 22
$-17.0M
Q3 22
$-18.7M
Free Cash Flow
ABUS
ABUS
AIXI
AIXI
Q2 25
Q2 24
Q4 23
Q3 23
$-21.8M
Q2 23
$-20.4M
Q1 23
$-27.4M
Q4 22
$-17.1M
Q3 22
$-18.8M
FCF Margin
ABUS
ABUS
AIXI
AIXI
Q2 25
Q2 24
Q4 23
Q3 23
-468.4%
Q2 23
-439.0%
Q1 23
-410.0%
Q4 22
-274.2%
Q3 22
-315.6%
Capex Intensity
ABUS
ABUS
AIXI
AIXI
Q2 25
0.0%
Q2 24
Q4 23
0.0%
Q3 23
0.7%
Q2 23
18.5%
Q1 23
1.7%
Q4 22
2.1%
Q3 22
1.5%
Cash Conversion
ABUS
ABUS
AIXI
AIXI
Q2 25
-6.24×
Q2 24
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22

Financial Flow Comparison

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

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