vs

Side-by-side financial comparison of Senmiao Technology Ltd (AIHS) and MICROVISION, INC. (MVIS). Click either name above to swap in a different company.

Senmiao Technology Ltd is the larger business by last-quarter revenue ($358.7K vs $223.0K, roughly 1.6× MICROVISION, INC.). On growth, Senmiao Technology Ltd posted the faster year-over-year revenue change (-60.9% vs -86.5%).

Senmiao Technology Ltd is a China-based automotive service provider that operates online used car trading platforms, offers auto financing referral services, and matches after-sales support for individual consumers and small auto dealers across domestic regional markets. Its core segments include transaction facilitation, financing consulting, and other value-added services for the domestic automotive circulation sector.

MicroVision Inc. is a technology company specializing in advanced LiDAR sensors, miniature display solutions, and perception software. Its core products serve automotive ADAS, augmented reality devices, consumer electronics, and industrial automation markets, delivering high-precision, low-power sensing technologies for next-generation smart applications.

AIHS vs MVIS — Head-to-Head

Bigger by revenue
AIHS
AIHS
1.6× larger
AIHS
$358.7K
$223.0K
MVIS
Growing faster (revenue YoY)
AIHS
AIHS
+25.6% gap
AIHS
-60.9%
-86.5%
MVIS

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AIHS
AIHS
MVIS
MVIS
Revenue
$358.7K
$223.0K
Net Profit
$-1.0M
Gross Margin
13.8%
Operating Margin
-305.7%
Net Margin
-289.2%
Revenue YoY
-60.9%
-86.5%
Net Profit YoY
-83.5%
-21.2%
EPS (diluted)
$-0.29

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
AIHS
AIHS
MVIS
MVIS
Q4 25
$358.7K
$223.0K
Q3 25
$906.5K
$241.0K
Q2 25
$836.0K
$155.0K
Q1 25
$809.6K
$589.0K
Q4 24
$917.0K
$1.6M
Q3 24
$742.3K
$190.0K
Q2 24
$873.8K
$1.9M
Q1 24
$-71.5K
$956.0K
Net Profit
AIHS
AIHS
MVIS
MVIS
Q4 25
$-1.0M
Q3 25
$-648.7K
$-14.2M
Q2 25
$-164.4K
$-14.2M
Q1 25
$-1.8M
$-28.8M
Q4 24
$-565.3K
$-31.2M
Q3 24
$-711.4K
$-15.5M
Q2 24
$-673.4K
$-23.9M
Q1 24
$-1.4M
$-26.3M
Gross Margin
AIHS
AIHS
MVIS
MVIS
Q4 25
13.8%
Q3 25
30.2%
Q2 25
23.6%
Q1 25
48.7%
6.6%
Q4 24
11.6%
-149.5%
Q3 24
13.1%
Q2 24
29.0%
18.2%
Q1 24
176.1%
-33.6%
Operating Margin
AIHS
AIHS
MVIS
MVIS
Q4 25
-305.7%
Q3 25
-83.6%
-5278.4%
Q2 25
-73.1%
-9455.5%
Q1 25
-255.3%
-2383.7%
Q4 24
-44.8%
-1119.5%
Q3 24
-83.0%
-8266.3%
Q2 24
-88.6%
-1296.4%
Q1 24
2115.7%
-2793.9%
Net Margin
AIHS
AIHS
MVIS
MVIS
Q4 25
-289.2%
Q3 25
-71.6%
-5899.2%
Q2 25
-19.7%
-9180.0%
Q1 25
-219.3%
-4886.1%
Q4 24
-61.7%
-1888.2%
Q3 24
-95.8%
-8166.8%
Q2 24
-77.1%
-1259.5%
Q1 24
1932.0%
-2752.4%
EPS (diluted)
AIHS
AIHS
MVIS
MVIS
Q4 25
$-0.29
Q3 25
$-0.43
$-0.05
Q2 25
$-0.15
$-0.06
Q1 25
$1.51
$-0.12
Q4 24
$-0.54
$-0.15
Q3 24
$-0.68
$-0.07
Q2 24
$-0.64
$-0.11
Q1 24
$-0.14
$-0.13

Balance Sheet & Financial Strength

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

Metric
AIHS
AIHS
MVIS
MVIS
Cash + ST InvestmentsLiquidity on hand
$3.5M
$74.9M
Total DebtLower is stronger
$19.2M
Stockholders' EquityBook value
$397.3K
$55.5M
Total Assets
$5.7M
$103.1M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIHS
AIHS
MVIS
MVIS
Q4 25
$3.5M
$74.9M
Q3 25
$677.0K
$99.5M
Q2 25
$867.8K
$91.4M
Q1 25
$701.3K
$69.0M
Q4 24
$949.2K
$74.7M
Q3 24
$792.0K
$43.2M
Q2 24
$748.9K
$56.6M
Q1 24
$737.7K
$73.1M
Total Debt
AIHS
AIHS
MVIS
MVIS
Q4 25
$19.2M
Q3 25
$29.0M
Q2 25
$32.3M
Q1 25
$30.1M
Q4 24
$33.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AIHS
AIHS
MVIS
MVIS
Q4 25
$397.3K
$55.5M
Q3 25
$-3.1M
$90.7M
Q2 25
$-2.6M
$77.1M
Q1 25
$-2.9M
$53.2M
Q4 24
$-1.2M
$48.8M
Q3 24
$-459.2K
$65.9M
Q2 24
$159.2K
$78.7M
Q1 24
$894.9K
$93.8M
Total Assets
AIHS
AIHS
MVIS
MVIS
Q4 25
$5.7M
$103.1M
Q3 25
$4.7M
$150.8M
Q2 25
$5.3M
$140.6M
Q1 25
$5.8M
$116.7M
Q4 24
$7.9M
$121.2M
Q3 24
$8.6M
$88.3M
Q2 24
$9.2M
$103.4M
Q1 24
$9.9M
$124.2M
Debt / Equity
AIHS
AIHS
MVIS
MVIS
Q4 25
0.35×
Q3 25
0.32×
Q2 25
0.42×
Q1 25
0.57×
Q4 24
0.68×
Q3 24
Q2 24
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
AIHS
AIHS
MVIS
MVIS
Operating Cash FlowLast quarter
$-865.6K
$-58.7M
Free Cash FlowOCF − Capex
$-59.4M
FCF MarginFCF / Revenue
-26636.3%
Capex IntensityCapex / Revenue
304.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-103.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIHS
AIHS
MVIS
MVIS
Q4 25
$-865.6K
$-58.7M
Q3 25
$-71.4K
$-16.5M
Q2 25
$-321.2K
$-12.7M
Q1 25
$-48.1K
$-14.1M
Q4 24
$356.1K
$-15.1M
Q3 24
$175.6K
$-14.1M
Q2 24
$16.8K
$-18.6M
Q1 24
$-247.5K
$-20.8M
Free Cash Flow
AIHS
AIHS
MVIS
MVIS
Q4 25
$-59.4M
Q3 25
$-16.6M
Q2 25
$-12.9M
Q1 25
$-49.3K
$-14.2M
Q4 24
$355.3K
$-15.2M
Q3 24
$175.6K
$-14.1M
Q2 24
$15.6K
$-18.8M
Q1 24
$-275.8K
$-20.9M
FCF Margin
AIHS
AIHS
MVIS
MVIS
Q4 25
-26636.3%
Q3 25
-6894.6%
Q2 25
-8346.5%
Q1 25
-6.1%
-2410.4%
Q4 24
38.8%
-918.7%
Q3 24
23.7%
-7421.1%
Q2 24
1.8%
-989.5%
Q1 24
385.8%
-2183.4%
Capex Intensity
AIHS
AIHS
MVIS
MVIS
Q4 25
304.5%
Q3 25
53.1%
Q2 25
134.2%
Q1 25
0.1%
16.8%
Q4 24
0.1%
6.2%
Q3 24
0.0%
4.7%
Q2 24
0.1%
8.7%
Q1 24
-39.6%
11.9%

Financial Flow Comparison

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

Related Comparisons