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Side-by-side financial comparison of Alset Inc. (AEI) and Upstream Bio, Inc. (UPB). Click either name above to swap in a different company.

Alset Inc. is the larger business by last-quarter revenue ($1.3M vs $668.0K, roughly 2.0× Upstream Bio, Inc.).

Alset Global GmbH is an Austrian technology and engineering company based in Graz that specialises in hydrogen-based clean mobility products. Alset Global is known for developing a Hybrid Hydrogen internal combustion engine that can run on either pure petrol, pure hydrogen or a combination of both. This technology offers a sustainable and clean alternative to petrol-based internal combustion engines. The technology has been developed to create an alternative technology to meet new emission ta...

TCI Co., Ltd. is a Taiwanese contract development and manufacturing organization (CDMO) specialising in the research, development and production of functional beverages, dietary supplements and skincare products. Headquartered in the Neihu Technology Park in Taipei, TCI evolved from an original trading company founded in 1980 into a CDMO group serving clients across Asia, Europe and North America, and is publicly traded on Taiwan's over-the-counter market under the code 8436.

AEI vs UPB — Head-to-Head

Bigger by revenue
AEI
AEI
2.0× larger
AEI
$1.3M
$668.0K
UPB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AEI
AEI
UPB
UPB
Revenue
$1.3M
$668.0K
Net Profit
$-42.5M
Gross Margin
35.2%
Operating Margin
-6911.2%
Net Margin
-6356.1%
Revenue YoY
-85.4%
Net Profit YoY
-1491.5%
EPS (diluted)
$-0.78

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
AEI
AEI
UPB
UPB
Q4 25
$1.3M
$668.0K
Q3 25
$998.8K
$683.0K
Q2 25
$1.1M
$937.0K
Q1 25
$1.1M
$566.0K
Q4 24
$8.9M
Q3 24
$5.0M
$607.0K
Q2 24
$1.1M
Q1 24
$6.1M
Net Profit
AEI
AEI
UPB
UPB
Q4 25
$-42.5M
Q3 25
$1.5M
$-33.7M
Q2 25
$-8.2M
$-40.0M
Q1 25
$-8.3M
$-27.3M
Q4 24
$2.3M
Q3 24
$1.7M
$-16.0M
Q2 24
$-1.2M
Q1 24
$-6.8M
Gross Margin
AEI
AEI
UPB
UPB
Q4 25
35.2%
Q3 25
24.3%
Q2 25
23.3%
Q1 25
27.2%
Q4 24
51.4%
Q3 24
40.5%
Q2 24
26.4%
Q1 24
23.5%
Operating Margin
AEI
AEI
UPB
UPB
Q4 25
-6911.2%
Q3 25
-258.2%
-5539.4%
Q2 25
-250.7%
-4732.9%
Q1 25
-368.1%
-5656.0%
Q4 24
21.5%
Q3 24
-19.4%
-3112.5%
Q2 24
-249.3%
Q1 24
-37.2%
Net Margin
AEI
AEI
UPB
UPB
Q4 25
-6356.1%
Q3 25
151.4%
-4941.1%
Q2 25
-748.1%
-4265.3%
Q1 25
-780.1%
-4818.0%
Q4 24
26.0%
Q3 24
34.6%
-2634.6%
Q2 24
-109.9%
Q1 24
-111.2%
EPS (diluted)
AEI
AEI
UPB
UPB
Q4 25
$-0.78
Q3 25
$0.05
$-0.63
Q2 25
$-0.71
$-0.74
Q1 25
$-0.78
$-0.51
Q4 24
$0.24
Q3 24
$0.19
$-6.96
Q2 24
$-0.13
Q1 24
$-0.73

Balance Sheet & Financial Strength

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

Metric
AEI
AEI
UPB
UPB
Cash + ST InvestmentsLiquidity on hand
$25.2M
$341.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$121.1M
$339.8M
Total Assets
$136.6M
$353.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AEI
AEI
UPB
UPB
Q4 25
$25.2M
$341.5M
Q3 25
$25.5M
$372.4M
Q2 25
$25.6M
$393.6M
Q1 25
$25.2M
$431.4M
Q4 24
$27.2M
Q3 24
$16.7M
$220.7M
Q2 24
$18.9M
Q1 24
$23.7M
Total Debt
AEI
AEI
UPB
UPB
Q4 25
Q3 25
Q2 25
Q1 25
$116.5K
Q4 24
$123.1K
Q3 24
$137.9K
Q2 24
$137.8K
Q1 24
$145.8K
Stockholders' Equity
AEI
AEI
UPB
UPB
Q4 25
$121.1M
$339.8M
Q3 25
$155.7M
$378.6M
Q2 25
$72.8M
$408.7M
Q1 25
$76.4M
$445.6M
Q4 24
$81.3M
Q3 24
$84.2M
$-160.3M
Q2 24
$79.4M
Q1 24
$81.7M
Total Assets
AEI
AEI
UPB
UPB
Q4 25
$136.6M
$353.8M
Q3 25
$169.1M
$391.2M
Q2 25
$86.0M
$420.5M
Q1 25
$90.5M
$456.2M
Q4 24
$96.8M
Q3 24
$98.8M
$232.7M
Q2 24
$93.5M
Q1 24
$96.7M
Debt / Equity
AEI
AEI
UPB
UPB
Q4 25
Q3 25
Q2 25
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
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
AEI
AEI
UPB
UPB
Operating Cash FlowLast quarter
$-5.9M
$-30.6M
Free Cash FlowOCF − Capex
$-6.1M
FCF MarginFCF / Revenue
-467.7%
Capex IntensityCapex / Revenue
13.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AEI
AEI
UPB
UPB
Q4 25
$-5.9M
$-30.6M
Q3 25
$883.4K
$-22.2M
Q2 25
$-2.6M
$-39.2M
Q1 25
$-3.8M
$-41.2M
Q4 24
$5.2M
Q3 24
$-2.9M
Q2 24
$-4.4M
Q1 24
$-1.5M
Free Cash Flow
AEI
AEI
UPB
UPB
Q4 25
$-6.1M
Q3 25
$822.4K
$-22.3M
Q2 25
$-2.7M
Q1 25
$-3.8M
Q4 24
$5.1M
Q3 24
$-2.9M
Q2 24
$-4.4M
Q1 24
$-1.5M
FCF Margin
AEI
AEI
UPB
UPB
Q4 25
-467.7%
Q3 25
82.3%
-3265.6%
Q2 25
-245.9%
Q1 25
-357.3%
Q4 24
56.5%
Q3 24
-58.2%
Q2 24
-392.3%
Q1 24
-24.8%
Capex Intensity
AEI
AEI
UPB
UPB
Q4 25
13.4%
Q3 25
6.1%
9.4%
Q2 25
7.6%
Q1 25
5.7%
Q4 24
1.1%
Q3 24
0.6%
Q2 24
3.0%
Q1 24
0.0%
Cash Conversion
AEI
AEI
UPB
UPB
Q4 25
Q3 25
0.58×
Q2 25
Q1 25
Q4 24
2.22×
Q3 24
-1.66×
Q2 24
Q1 24

Financial Flow Comparison

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

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