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Side-by-side financial comparison of Xiao-I Corp (AIXI) and Biofrontera Inc. (BFRI). Click either name above to swap in a different company.

Biofrontera Inc. is the larger business by last-quarter revenue ($17.1M vs $11.5M, roughly 1.5× Xiao-I Corp). Biofrontera Inc. runs the higher net margin — 33.0% vs -263.9%, a 296.9% gap on every dollar of revenue.

Xiao-i is a Chinese cognitive artificial intelligence enterprise founded in 2001.

Biofrontera Inc. is a specialty biopharmaceutical enterprise focused on developing and commercializing prescription dermatological products. Its core product line targets skin conditions including actinic keratosis and other dermatological disorders, with primary operating markets in the United States and European Union, serving patients and dermatology care providers.

AIXI vs BFRI — Head-to-Head

Bigger by revenue
BFRI
BFRI
1.5× larger
BFRI
$17.1M
$11.5M
AIXI
Higher net margin
BFRI
BFRI
296.9% more per $
BFRI
33.0%
-263.9%
AIXI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AIXI
AIXI
BFRI
BFRI
Revenue
$11.5M
$17.1M
Net Profit
$-30.4M
$5.6M
Gross Margin
58.1%
Operating Margin
-254.9%
26.6%
Net Margin
-263.9%
33.0%
Revenue YoY
36.2%
Net Profit YoY
504.0%
EPS (diluted)
$0.62

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
AIXI
AIXI
BFRI
BFRI
Q4 25
$17.1M
Q3 25
$7.0M
Q2 25
$11.5M
$9.0M
Q1 25
$8.6M
Q4 24
$12.6M
Q3 24
$9.0M
Q2 24
$33.0M
$7.8M
Q1 24
$7.9M
Net Profit
AIXI
AIXI
BFRI
BFRI
Q4 25
$5.6M
Q3 25
$-6.6M
Q2 25
$-30.4M
$-5.3M
Q1 25
$-4.2M
Q4 24
$-1.4M
Q3 24
$-5.7M
Q2 24
$-15.5M
$-257.0K
Q1 24
$-10.4M
Gross Margin
AIXI
AIXI
BFRI
BFRI
Q4 25
Q3 25
Q2 25
58.1%
Q1 25
Q4 24
Q3 24
Q2 24
64.5%
Q1 24
Operating Margin
AIXI
AIXI
BFRI
BFRI
Q4 25
26.6%
Q3 25
-89.8%
Q2 25
-254.9%
-56.2%
Q1 25
-52.9%
Q4 24
-13.6%
Q3 24
-55.0%
Q2 24
-45.0%
-64.7%
Q1 24
-69.1%
Net Margin
AIXI
AIXI
BFRI
BFRI
Q4 25
33.0%
Q3 25
-95.1%
Q2 25
-263.9%
-59.0%
Q1 25
-48.9%
Q4 24
-11.1%
Q3 24
-62.9%
Q2 24
-47.2%
-3.3%
Q1 24
-131.9%
EPS (diluted)
AIXI
AIXI
BFRI
BFRI
Q4 25
$0.62
Q3 25
$-0.62
Q2 25
$-0.57
Q1 25
$-0.47
Q4 24
$0.69
Q3 24
$-0.98
Q2 24
$-0.64
$-0.05
Q1 24
$-2.88

Balance Sheet & Financial Strength

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

Metric
AIXI
AIXI
BFRI
BFRI
Cash + ST InvestmentsLiquidity on hand
$5.0M
$6.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$10.5M
Total Assets
$82.4M
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIXI
AIXI
BFRI
BFRI
Q4 25
$6.4M
Q3 25
$3.4M
Q2 25
$5.0M
$7.2M
Q1 25
$1.8M
Q4 24
$5.9M
Q3 24
$2.9M
Q2 24
$1.8M
$4.4M
Q1 24
$3.8M
Stockholders' Equity
AIXI
AIXI
BFRI
BFRI
Q4 25
$10.5M
Q3 25
$-2.6M
Q2 25
$-4.7M
Q1 25
$500.0K
Q4 24
$4.4M
Q3 24
$5.5M
Q2 24
$10.9M
Q1 24
$-5.4M
Total Assets
AIXI
AIXI
BFRI
BFRI
Q4 25
$28.6M
Q3 25
$15.4M
Q2 25
$82.4M
$20.1M
Q1 25
$16.6M
Q4 24
$22.1M
Q3 24
$18.5M
Q2 24
$87.6M
$21.6M
Q1 24
$24.6M

Cash Flow & Capital Efficiency

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

Metric
AIXI
AIXI
BFRI
BFRI
Operating Cash FlowLast quarter
$-2.3M
$-2.4M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-13.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.42×
TTM Free Cash FlowTrailing 4 quarters
$-13.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIXI
AIXI
BFRI
BFRI
Q4 25
$-2.4M
Q3 25
$-3.8M
Q2 25
$-2.3M
$-3.0M
Q1 25
$-4.1M
Q4 24
$-1.0M
Q3 24
$-1.2M
Q2 24
$-4.7M
Q1 24
$-3.3M
Free Cash Flow
AIXI
AIXI
BFRI
BFRI
Q4 25
$-2.4M
Q3 25
$-3.8M
Q2 25
$-3.0M
Q1 25
$-4.1M
Q4 24
$-1.0M
Q3 24
Q2 24
$-4.8M
Q1 24
$-3.4M
FCF Margin
AIXI
AIXI
BFRI
BFRI
Q4 25
-13.9%
Q3 25
-54.7%
Q2 25
-33.7%
Q1 25
-48.0%
Q4 24
-8.1%
Q3 24
Q2 24
-60.8%
Q1 24
-42.7%
Capex Intensity
AIXI
AIXI
BFRI
BFRI
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.6%
Q1 24
0.7%
Cash Conversion
AIXI
AIXI
BFRI
BFRI
Q4 25
-0.42×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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