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Side-by-side financial comparison of Arcellx, Inc. (ACLX) and NVE CORP (NVEC). Click either name above to swap in a different company.

Arcellx, Inc. is the larger business by last-quarter revenue ($8.1M vs $6.2M, roughly 1.3× NVE CORP). NVE CORP runs the higher net margin — 54.4% vs -766.0%, a 820.4% gap on every dollar of revenue. On growth, NVE CORP posted the faster year-over-year revenue change (22.9% vs -79.3%). NVE CORP produced more free cash flow last quarter ($-4.8M vs $-63.9M). Over the past eight quarters, NVE CORP's revenue compounded faster (-6.3% CAGR vs -24.6%).

Arcellx, Inc. is a clinical-stage biotechnology company that develops innovative chimeric antigen receptor T (CAR-T) cell therapies for treating hard-to-treat cancers including hematologic malignancies and solid tumors. Its core pipeline targets unmet oncology medical needs, serving global patient populations and partnering with life sciences stakeholders.

NVE Corporation develops and manufactures spintronic-based electronic components, including high-performance magnetoresistive sensors, couplers, and signal isolators. Its products are used in industrial automation, automotive systems, medical devices, and IoT applications, serving global original equipment manufacturers and electronic component distributors.

ACLX vs NVEC — Head-to-Head

Bigger by revenue
ACLX
ACLX
1.3× larger
ACLX
$8.1M
$6.2M
NVEC
Growing faster (revenue YoY)
NVEC
NVEC
+102.2% gap
NVEC
22.9%
-79.3%
ACLX
Higher net margin
NVEC
NVEC
820.4% more per $
NVEC
54.4%
-766.0%
ACLX
More free cash flow
NVEC
NVEC
$59.1M more FCF
NVEC
$-4.8M
$-63.9M
ACLX
Faster 2-yr revenue CAGR
NVEC
NVEC
Annualised
NVEC
-6.3%
-24.6%
ACLX

Income Statement — Q1 FY2025 vs Q3 FY2026

Metric
ACLX
ACLX
NVEC
NVEC
Revenue
$8.1M
$6.2M
Net Profit
$-62.3M
$3.4M
Gross Margin
78.6%
Operating Margin
-847.6%
60.2%
Net Margin
-766.0%
54.4%
Revenue YoY
-79.3%
22.9%
Net Profit YoY
-765.1%
11.0%
EPS (diluted)
$-1.13
$0.70

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
ACLX
ACLX
NVEC
NVEC
Q4 25
$6.2M
Q3 25
$6.3M
Q2 25
$6.1M
Q1 25
$8.1M
$7.3M
Q4 24
$15.3M
$5.1M
Q3 24
$26.0M
$6.8M
Q2 24
$27.4M
$6.8M
Q1 24
$39.3M
$7.1M
Net Profit
ACLX
ACLX
NVEC
NVEC
Q4 25
$3.4M
Q3 25
$3.3M
Q2 25
$3.6M
Q1 25
$-62.3M
$3.9M
Q4 24
$-47.1M
$3.0M
Q3 24
$-25.9M
$4.0M
Q2 24
$-27.2M
$4.1M
Q1 24
$-7.2M
$3.8M
Gross Margin
ACLX
ACLX
NVEC
NVEC
Q4 25
78.6%
Q3 25
78.3%
Q2 25
80.6%
Q1 25
79.2%
Q4 24
84.2%
Q3 24
86.0%
Q2 24
85.6%
Q1 24
75.5%
Operating Margin
ACLX
ACLX
NVEC
NVEC
Q4 25
60.2%
Q3 25
57.6%
Q2 25
62.0%
Q1 25
-847.6%
58.4%
Q4 24
-348.2%
58.5%
Q3 24
-129.1%
65.0%
Q2 24
-127.8%
64.7%
Q1 24
-40.3%
57.3%
Net Margin
ACLX
ACLX
NVEC
NVEC
Q4 25
54.4%
Q3 25
52.2%
Q2 25
58.6%
Q1 25
-766.0%
53.5%
Q4 24
-308.4%
60.2%
Q3 24
-99.4%
59.6%
Q2 24
-99.3%
60.4%
Q1 24
-18.3%
53.8%
EPS (diluted)
ACLX
ACLX
NVEC
NVEC
Q4 25
$0.70
Q3 25
$0.68
Q2 25
$0.74
Q1 25
$-1.13
$0.80
Q4 24
$-0.87
$0.63
Q3 24
$-0.48
$0.83
Q2 24
$-0.51
$0.85
Q1 24
$-0.14
$0.78

Balance Sheet & Financial Strength

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

Metric
ACLX
ACLX
NVEC
NVEC
Cash + ST InvestmentsLiquidity on hand
$543.3M
$20.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$416.9M
$58.3M
Total Assets
$648.1M
$60.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACLX
ACLX
NVEC
NVEC
Q4 25
$20.6M
Q3 25
$17.7M
Q2 25
$15.8M
Q1 25
$543.3M
$21.7M
Q4 24
$587.4M
$20.4M
Q3 24
$574.3M
$22.9M
Q2 24
$516.7M
$21.7M
Q1 24
$573.9M
$22.2M
Stockholders' Equity
ACLX
ACLX
NVEC
NVEC
Q4 25
$58.3M
Q3 25
$59.7M
Q2 25
$61.1M
Q1 25
$416.9M
$62.3M
Q4 24
$454.8M
$63.0M
Q3 24
$483.0M
$64.9M
Q2 24
$487.2M
$64.9M
Q1 24
$496.6M
$65.6M
Total Assets
ACLX
ACLX
NVEC
NVEC
Q4 25
$60.0M
Q3 25
$61.5M
Q2 25
$63.6M
Q1 25
$648.1M
$64.3M
Q4 24
$711.3M
$64.6M
Q3 24
$764.9M
$65.9M
Q2 24
$734.3M
$66.7M
Q1 24
$779.7M
$66.8M

Cash Flow & Capital Efficiency

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

Metric
ACLX
ACLX
NVEC
NVEC
Operating Cash FlowLast quarter
$-63.1M
$4.2M
Free Cash FlowOCF − Capex
$-63.9M
$-4.8M
FCF MarginFCF / Revenue
-786.4%
-77.0%
Capex IntensityCapex / Revenue
9.6%
144.3%
Cash ConversionOCF / Net Profit
1.24×
TTM Free Cash FlowTrailing 4 quarters
$-122.5M
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACLX
ACLX
NVEC
NVEC
Q4 25
$4.2M
Q3 25
$2.8M
Q2 25
$5.2M
Q1 25
$-63.1M
$2.5M
Q4 24
$-46.0M
$3.8M
Q3 24
$30.7M
$2.1M
Q2 24
$-36.2M
$5.9M
Q1 24
$-31.9M
$3.1M
Free Cash Flow
ACLX
ACLX
NVEC
NVEC
Q4 25
$-4.8M
Q3 25
$2.7M
Q2 25
$4.1M
Q1 25
$-63.9M
$-7.5M
Q4 24
$-47.5M
$-6.3M
Q3 24
$28.4M
$1.9M
Q2 24
$-39.5M
$4.9M
Q1 24
$-38.3M
FCF Margin
ACLX
ACLX
NVEC
NVEC
Q4 25
-77.0%
Q3 25
42.9%
Q2 25
67.7%
Q1 25
-786.4%
-103.7%
Q4 24
-311.3%
-124.7%
Q3 24
109.2%
28.5%
Q2 24
-144.1%
72.8%
Q1 24
-97.7%
Capex Intensity
ACLX
ACLX
NVEC
NVEC
Q4 25
144.3%
Q3 25
1.1%
Q2 25
17.3%
Q1 25
9.6%
137.9%
Q4 24
9.8%
200.6%
Q3 24
8.8%
3.1%
Q2 24
11.7%
13.5%
Q1 24
16.4%
0.0%
Cash Conversion
ACLX
ACLX
NVEC
NVEC
Q4 25
1.24×
Q3 25
0.84×
Q2 25
1.45×
Q1 25
0.64×
Q4 24
1.26×
Q3 24
0.53×
Q2 24
1.43×
Q1 24
0.82×

Financial Flow Comparison

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

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