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Side-by-side financial comparison of Aclarion, Inc. (ACON) and BIODESIX INC (BDSX). Click either name above to swap in a different company.

BIODESIX INC is the larger business by last-quarter revenue ($28.8M vs $18.5K, roughly 1556.2× Aclarion, Inc.). BIODESIX INC runs the higher net margin — -13.8% vs -10223.7%, a 10209.9% gap on every dollar of revenue. On growth, Aclarion, Inc. posted the faster year-over-year revenue change (80.6% vs 40.8%). Over the past eight quarters, BIODESIX INC's revenue compounded faster (39.3% CAGR vs 35.2%).

Aclarion, Inc. is a medical technology company focused on developing non-invasive solutions for chronic lower back pain diagnosis and treatment. Its core offerings leverage proprietary magnetic resonance spectroscopy technology to accurately identify painful intervertebral discs, serving healthcare providers and patients across the United States, with key focus on the chronic pain management and spinal care segments.

Biodesix Inc is a molecular diagnostics enterprise specializing in developing and commercializing innovative blood-based testing solutions for oncology and infectious disease fields. It primarily serves healthcare providers, biopharmaceutical partners and patients across North America, with core business covering personalized medicine products that support clinical decision making.

ACON vs BDSX — Head-to-Head

Bigger by revenue
BDSX
BDSX
1556.2× larger
BDSX
$28.8M
$18.5K
ACON
Growing faster (revenue YoY)
ACON
ACON
+39.8% gap
ACON
80.6%
40.8%
BDSX
Higher net margin
BDSX
BDSX
10209.9% more per $
BDSX
-13.8%
-10223.7%
ACON
Faster 2-yr revenue CAGR
BDSX
BDSX
Annualised
BDSX
39.3%
35.2%
ACON

Income Statement — Q4 2025 vs Q4 2025

Metric
ACON
ACON
BDSX
BDSX
Revenue
$18.5K
$28.8M
Net Profit
$-1.9M
$-4.0M
Gross Margin
9.7%
Operating Margin
-10785.8%
-6.8%
Net Margin
-10223.7%
-13.8%
Revenue YoY
80.6%
40.8%
Net Profit YoY
5.0%
51.8%
EPS (diluted)
$1.39
$-3.35

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
ACON
ACON
BDSX
BDSX
Q4 25
$18.5K
$28.8M
Q3 25
$18.9K
$21.8M
Q2 25
$19.3K
$20.0M
Q1 25
$19.0K
$18.0M
Q4 24
$10.2K
$20.4M
Q3 24
$14.4K
$18.2M
Q2 24
$11.0K
$17.9M
Q1 24
$10.1K
$14.8M
Net Profit
ACON
ACON
BDSX
BDSX
Q4 25
$-1.9M
$-4.0M
Q3 25
$-1.7M
$-8.7M
Q2 25
$-1.6M
$-11.5M
Q1 25
$-2.0M
$-11.1M
Q4 24
$-2.0M
$-8.3M
Q3 24
$-1.4M
$-10.3M
Q2 24
$-1.2M
$-10.8M
Q1 24
$-2.4M
$-13.6M
Gross Margin
ACON
ACON
BDSX
BDSX
Q4 25
9.7%
Q3 25
23.2%
Q2 25
26.6%
Q1 25
-23.6%
Q4 24
-100.9%
Q3 24
-48.1%
Q2 24
-112.3%
Q1 24
-92.6%
Operating Margin
ACON
ACON
BDSX
BDSX
Q4 25
-10785.8%
-6.8%
Q3 25
-9666.2%
-32.4%
Q2 25
-8988.6%
-48.6%
Q1 25
-7856.0%
-50.9%
Q4 24
-17652.7%
-32.5%
Q3 24
-8995.3%
-47.3%
Q2 24
-10350.6%
-46.0%
Q1 24
-12609.3%
-74.4%
Net Margin
ACON
ACON
BDSX
BDSX
Q4 25
-10223.7%
-13.8%
Q3 25
-9008.0%
-40.0%
Q2 25
-8285.9%
-57.3%
Q1 25
-10728.4%
-61.8%
Q4 24
-19444.6%
-40.4%
Q3 24
-9482.7%
-56.5%
Q2 24
-11285.0%
-60.3%
Q1 24
-23720.6%
-91.9%
EPS (diluted)
ACON
ACON
BDSX
BDSX
Q4 25
$1.39
$-3.35
Q3 25
$-2.93
$-1.16
Q2 25
$-2.75
$-0.08
Q1 25
$-9.32
$-0.08
Q4 24
$-809.36
$-5.02
Q3 24
$-1321.49
$-1.40
Q2 24
$-1362.83
$-0.08
Q1 24
$-3985.22
$-0.14

Balance Sheet & Financial Strength

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

Metric
ACON
ACON
BDSX
BDSX
Cash + ST InvestmentsLiquidity on hand
$12.0M
$19.0M
Total DebtLower is stronger
$50.0M
Stockholders' EquityBook value
$12.8M
$-2.5M
Total Assets
$13.7M
$87.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACON
ACON
BDSX
BDSX
Q4 25
$12.0M
$19.0M
Q3 25
$11.3M
$16.6M
Q2 25
$12.8M
$20.7M
Q1 25
$14.8M
$17.6M
Q4 24
$453.7K
$26.2M
Q3 24
$1.3M
$31.4M
Q2 24
$1.2M
$42.2M
Q1 24
$2.1M
$11.5M
Total Debt
ACON
ACON
BDSX
BDSX
Q4 25
$50.0M
Q3 25
$50.0M
Q2 25
$50.0M
Q1 25
$40.0M
Q4 24
$40.0M
Q3 24
$40.0M
Q2 24
$40.1M
Q1 24
$40.1M
Stockholders' Equity
ACON
ACON
BDSX
BDSX
Q4 25
$12.8M
$-2.5M
Q3 25
$12.5M
$-1.7M
Q2 25
$14.2M
$1.1M
Q1 25
$15.8M
$11.1M
Q4 24
$970.1K
$20.9M
Q3 24
$2.5M
$27.9M
Q2 24
$1.6M
$36.3M
Q1 24
$2.5M
$-5.5M
Total Assets
ACON
ACON
BDSX
BDSX
Q4 25
$13.7M
$87.5M
Q3 25
$13.2M
$88.7M
Q2 25
$14.8M
$87.7M
Q1 25
$16.5M
$86.2M
Q4 24
$2.1M
$97.2M
Q3 24
$3.2M
$102.7M
Q2 24
$3.1M
$115.8M
Q1 24
$3.7M
$87.2M
Debt / Equity
ACON
ACON
BDSX
BDSX
Q4 25
Q3 25
Q2 25
43.95×
Q1 25
3.62×
Q4 24
1.92×
Q3 24
1.44×
Q2 24
1.10×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
ACON
ACON
BDSX
BDSX
Operating Cash FlowLast quarter
$-1.6M
$778.0K
Free Cash FlowOCF − Capex
$692.0K
FCF MarginFCF / Revenue
2.4%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-23.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACON
ACON
BDSX
BDSX
Q4 25
$-1.6M
$778.0K
Q3 25
$-1.2M
$-8.9M
Q2 25
$-1.9M
$-6.6M
Q1 25
$-2.5M
$-8.6M
Q4 24
$-922.9K
$-4.1M
Q3 24
$-1.1M
$-10.7M
Q2 24
$-1.1M
$-18.6M
Q1 24
$-2.2M
$-15.3M
Free Cash Flow
ACON
ACON
BDSX
BDSX
Q4 25
$692.0K
Q3 25
$-1.2M
$-8.9M
Q2 25
$-6.6M
Q1 25
$-8.7M
Q4 24
$-4.9M
Q3 24
$-10.9M
Q2 24
$-20.5M
Q1 24
$-15.5M
FCF Margin
ACON
ACON
BDSX
BDSX
Q4 25
2.4%
Q3 25
-6164.6%
-41.0%
Q2 25
-33.1%
Q1 25
-48.3%
Q4 24
-24.2%
Q3 24
-60.1%
Q2 24
-114.3%
Q1 24
-104.9%
Capex Intensity
ACON
ACON
BDSX
BDSX
Q4 25
0.3%
Q3 25
38.6%
0.2%
Q2 25
0.3%
Q1 25
0.4%
Q4 24
4.1%
Q3 24
0.0%
1.3%
Q2 24
10.7%
Q1 24
1.6%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ACON
ACON

Segment breakdown not available.

BDSX
BDSX

Diagnostic Tests$25.1M87%
Development Services$3.6M13%

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