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Side-by-side financial comparison of Ainos, Inc. (AIMD) and Netcapital Inc. (NCPL). Click either name above to swap in a different company.

Ainos, Inc. is the larger business by last-quarter revenue ($106.2K vs $94.3K, roughly 1.1× Netcapital Inc.). Netcapital Inc. runs the higher net margin — -1921.5% vs -3094.0%, a 1172.5% gap on every dollar of revenue. On growth, Ainos, Inc. posted the faster year-over-year revenue change (412.4% vs -38.2%).

Ainos, Inc. is a biotechnology firm specializing in the development and commercialization of portable point-of-care diagnostic testing solutions. Its product portfolio includes infectious disease detection kits, hormone testing tools, and general health screening products, serving clinical, consumer, and public health segments across North America, Europe, and the Asia-Pacific.

Netcapital Inc. runs a U.S.-focused digital private capital markets platform that connects growth-seeking early startups, small and medium private businesses with accredited and non-accredited individual investors, providing fundraising support for issuers and accessible alternative investment options for platform users.

AIMD vs NCPL — Head-to-Head

Bigger by revenue
AIMD
AIMD
1.1× larger
AIMD
$106.2K
$94.3K
NCPL
Growing faster (revenue YoY)
AIMD
AIMD
+450.6% gap
AIMD
412.4%
-38.2%
NCPL
Higher net margin
NCPL
NCPL
1172.5% more per $
NCPL
-1921.5%
-3094.0%
AIMD

Income Statement — Q1 FY2025 vs Q3 FY2026

Metric
AIMD
AIMD
NCPL
NCPL
Revenue
$106.2K
$94.3K
Net Profit
$-3.3M
$-1.8M
Gross Margin
82.8%
98.1%
Operating Margin
-2978.0%
-2304.6%
Net Margin
-3094.0%
-1921.5%
Revenue YoY
412.4%
-38.2%
Net Profit YoY
0.9%
39.7%
EPS (diluted)
$-0.21
$-0.32

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
AIMD
AIMD
NCPL
NCPL
Q1 26
$94.3K
Q4 25
$51.1K
Q3 25
$190.1K
Q2 25
$404.0K
Q1 25
$106.2K
$152.7K
Q4 24
$170.5K
Q3 24
$0
$142.2K
Q2 24
$0
$347.2K
Net Profit
AIMD
AIMD
NCPL
NCPL
Q1 26
$-1.8M
Q4 25
$-2.1M
Q3 25
$-3.6M
Q2 25
$-20.5M
Q1 25
$-3.3M
$-3.0M
Q4 24
$-2.2M
Q3 24
$-3.7M
$-2.5M
Q2 24
$-3.2M
Gross Margin
AIMD
AIMD
NCPL
NCPL
Q1 26
98.1%
Q4 25
96.3%
Q3 25
96.1%
Q2 25
99.2%
Q1 25
82.8%
95.3%
Q4 24
88.4%
Q3 24
92.8%
Q2 24
96.8%
Operating Margin
AIMD
AIMD
NCPL
NCPL
Q1 26
-2304.6%
Q4 25
-4149.6%
Q3 25
-1728.8%
Q2 25
-476.0%
Q1 25
-2978.0%
-1105.4%
Q4 24
-1291.5%
Q3 24
-1763.5%
Q2 24
Net Margin
AIMD
AIMD
NCPL
NCPL
Q1 26
-1921.5%
Q4 25
-4169.3%
Q3 25
-1916.3%
Q2 25
-5085.6%
Q1 25
-3094.0%
-1969.1%
Q4 24
-1302.1%
Q3 24
-1776.9%
Q2 24
EPS (diluted)
AIMD
AIMD
NCPL
NCPL
Q1 26
$-0.32
Q4 25
$-0.44
Q3 25
$-1.27
Q2 25
$-11.38
Q1 25
$-0.21
$-1.57
Q4 24
$-2.34
Q3 24
$-1.64
$-5.10
Q2 24
$-2.45

Balance Sheet & Financial Strength

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

Metric
AIMD
AIMD
NCPL
NCPL
Cash + ST InvestmentsLiquidity on hand
$2.6M
Total DebtLower is stronger
$492.4K
Stockholders' EquityBook value
$13.1M
$21.6M
Total Assets
$26.4M
$26.1M
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIMD
AIMD
NCPL
NCPL
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
$2.6M
Q4 24
Q3 24
$5.2M
Q2 24
$8.0M
Total Debt
AIMD
AIMD
NCPL
NCPL
Q1 26
$492.4K
Q4 25
$495.8K
Q3 25
$500.0K
Q2 25
$500.0K
Q1 25
$500.0K
Q4 24
$500.0K
Q3 24
$500.0K
Q2 24
$500.0K
Stockholders' Equity
AIMD
AIMD
NCPL
NCPL
Q1 26
$21.6M
Q4 25
$21.4M
Q3 25
$23.1M
Q2 25
$14.9M
Q1 25
$13.1M
$35.0M
Q4 24
$37.4M
Q3 24
$18.0M
$37.5M
Q2 24
$20.7M
$37.9M
Total Assets
AIMD
AIMD
NCPL
NCPL
Q1 26
$26.1M
Q4 25
$25.4M
Q3 25
$28.4M
Q2 25
$20.9M
Q1 25
$26.4M
$39.9M
Q4 24
$41.9M
Q3 24
$31.4M
$41.4M
Q2 24
$35.5M
$41.6M
Debt / Equity
AIMD
AIMD
NCPL
NCPL
Q1 26
0.02×
Q4 25
0.02×
Q3 25
0.02×
Q2 25
0.03×
Q1 25
0.01×
Q4 24
0.01×
Q3 24
0.01×
Q2 24
0.01×

Cash Flow & Capital Efficiency

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

Metric
AIMD
AIMD
NCPL
NCPL
Operating Cash FlowLast quarter
$-1.2M
$-868.7K
Free Cash FlowOCF − Capex
$-1.3M
FCF MarginFCF / Revenue
-1184.7%
Capex IntensityCapex / Revenue
31.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIMD
AIMD
NCPL
NCPL
Q1 26
$-868.7K
Q4 25
$-2.6M
Q3 25
$-4.2M
Q2 25
$-5.3M
Q1 25
$-1.2M
$-1.2M
Q4 24
$-1.5M
Q3 24
$-1.5M
$-2.0M
Q2 24
$-2.0M
$-4.9M
Free Cash Flow
AIMD
AIMD
NCPL
NCPL
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
$-1.3M
Q4 24
Q3 24
$-1.5M
Q2 24
$-2.0M
FCF Margin
AIMD
AIMD
NCPL
NCPL
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
-1184.7%
Q4 24
Q3 24
Q2 24
Capex Intensity
AIMD
AIMD
NCPL
NCPL
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
31.7%
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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