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

Upstream Bio, Inc. is the larger business by last-quarter revenue ($668.0K vs $358.7K, roughly 1.9× Senmiao Technology Ltd). Senmiao Technology Ltd runs the higher net margin — -289.2% vs -6356.1%, a 6067.0% gap on every dollar of revenue.

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.

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.

AIHS vs UPB — Head-to-Head

Bigger by revenue
UPB
UPB
1.9× larger
UPB
$668.0K
$358.7K
AIHS
Higher net margin
AIHS
AIHS
6067.0% more per $
AIHS
-289.2%
-6356.1%
UPB

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AIHS
AIHS
UPB
UPB
Revenue
$358.7K
$668.0K
Net Profit
$-1.0M
$-42.5M
Gross Margin
13.8%
Operating Margin
-305.7%
-6911.2%
Net Margin
-289.2%
-6356.1%
Revenue YoY
-60.9%
Net Profit YoY
-83.5%
EPS (diluted)
$-0.29
$-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
AIHS
AIHS
UPB
UPB
Q4 25
$358.7K
$668.0K
Q3 25
$906.5K
$683.0K
Q2 25
$836.0K
$937.0K
Q1 25
$809.6K
$566.0K
Q4 24
$917.0K
Q3 24
$742.3K
$607.0K
Q2 24
$873.8K
Q1 24
$-71.5K
Net Profit
AIHS
AIHS
UPB
UPB
Q4 25
$-1.0M
$-42.5M
Q3 25
$-648.7K
$-33.7M
Q2 25
$-164.4K
$-40.0M
Q1 25
$-1.8M
$-27.3M
Q4 24
$-565.3K
Q3 24
$-711.4K
$-16.0M
Q2 24
$-673.4K
Q1 24
$-1.4M
Gross Margin
AIHS
AIHS
UPB
UPB
Q4 25
13.8%
Q3 25
30.2%
Q2 25
23.6%
Q1 25
48.7%
Q4 24
11.6%
Q3 24
13.1%
Q2 24
29.0%
Q1 24
176.1%
Operating Margin
AIHS
AIHS
UPB
UPB
Q4 25
-305.7%
-6911.2%
Q3 25
-83.6%
-5539.4%
Q2 25
-73.1%
-4732.9%
Q1 25
-255.3%
-5656.0%
Q4 24
-44.8%
Q3 24
-83.0%
-3112.5%
Q2 24
-88.6%
Q1 24
2115.7%
Net Margin
AIHS
AIHS
UPB
UPB
Q4 25
-289.2%
-6356.1%
Q3 25
-71.6%
-4941.1%
Q2 25
-19.7%
-4265.3%
Q1 25
-219.3%
-4818.0%
Q4 24
-61.7%
Q3 24
-95.8%
-2634.6%
Q2 24
-77.1%
Q1 24
1932.0%
EPS (diluted)
AIHS
AIHS
UPB
UPB
Q4 25
$-0.29
$-0.78
Q3 25
$-0.43
$-0.63
Q2 25
$-0.15
$-0.74
Q1 25
$1.51
$-0.51
Q4 24
$-0.54
Q3 24
$-0.68
$-6.96
Q2 24
$-0.64
Q1 24
$-0.14

Balance Sheet & Financial Strength

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

Metric
AIHS
AIHS
UPB
UPB
Cash + ST InvestmentsLiquidity on hand
$3.5M
$341.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$397.3K
$339.8M
Total Assets
$5.7M
$353.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIHS
AIHS
UPB
UPB
Q4 25
$3.5M
$341.5M
Q3 25
$677.0K
$372.4M
Q2 25
$867.8K
$393.6M
Q1 25
$701.3K
$431.4M
Q4 24
$949.2K
Q3 24
$792.0K
$220.7M
Q2 24
$748.9K
Q1 24
$737.7K
Stockholders' Equity
AIHS
AIHS
UPB
UPB
Q4 25
$397.3K
$339.8M
Q3 25
$-3.1M
$378.6M
Q2 25
$-2.6M
$408.7M
Q1 25
$-2.9M
$445.6M
Q4 24
$-1.2M
Q3 24
$-459.2K
$-160.3M
Q2 24
$159.2K
Q1 24
$894.9K
Total Assets
AIHS
AIHS
UPB
UPB
Q4 25
$5.7M
$353.8M
Q3 25
$4.7M
$391.2M
Q2 25
$5.3M
$420.5M
Q1 25
$5.8M
$456.2M
Q4 24
$7.9M
Q3 24
$8.6M
$232.7M
Q2 24
$9.2M
Q1 24
$9.9M

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
UPB
UPB
Operating Cash FlowLast quarter
$-865.6K
$-30.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIHS
AIHS
UPB
UPB
Q4 25
$-865.6K
$-30.6M
Q3 25
$-71.4K
$-22.2M
Q2 25
$-321.2K
$-39.2M
Q1 25
$-48.1K
$-41.2M
Q4 24
$356.1K
Q3 24
$175.6K
Q2 24
$16.8K
Q1 24
$-247.5K
Free Cash Flow
AIHS
AIHS
UPB
UPB
Q4 25
Q3 25
$-22.3M
Q2 25
Q1 25
$-49.3K
Q4 24
$355.3K
Q3 24
$175.6K
Q2 24
$15.6K
Q1 24
$-275.8K
FCF Margin
AIHS
AIHS
UPB
UPB
Q4 25
Q3 25
-3265.6%
Q2 25
Q1 25
-6.1%
Q4 24
38.8%
Q3 24
23.7%
Q2 24
1.8%
Q1 24
385.8%
Capex Intensity
AIHS
AIHS
UPB
UPB
Q4 25
Q3 25
9.4%
Q2 25
Q1 25
0.1%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
-39.6%

Financial Flow Comparison

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

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