vs
Side-by-side financial comparison of Xiao-I Corp (AIXI) and Forward Industries, Inc. (FWDI). Click either name above to swap in a different company.
Forward Industries, Inc. is the larger business by last-quarter revenue ($21.4M vs $11.5M, roughly 1.9× Xiao-I Corp). Xiao-I Corp runs the higher net margin — -263.9% vs -2732.2%, a 2468.3% gap on every dollar of revenue.
Xiao-i is a Chinese cognitive artificial intelligence enterprise founded in 2001.
Melrose Industries plc is a British aerospace manufacturing company based in Birmingham, England. It is the parent company of GKN Aerospace. The company's shares are listed on the London Stock Exchange as a constituent of the FTSE 100 Index.
AIXI vs FWDI — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $11.5M | $21.4M |
| Net Profit | $-30.4M | $-585.7M |
| Gross Margin | 58.1% | 78.6% |
| Operating Margin | -254.9% | -2722.8% |
| Net Margin | -263.9% | -2732.2% |
| Revenue YoY | — | 224.0% |
| Net Profit YoY | — | -82611.5% |
| EPS (diluted) | — | $-5.91 |
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.
| Q4 25 | — | $21.4M | ||
| Q3 25 | — | $7.9M | ||
| Q2 25 | $11.5M | $2.5M | ||
| Q1 25 | — | $3.1M | ||
| Q4 24 | — | $6.6M | ||
| Q2 24 | $33.0M | $7.8M | ||
| Q1 24 | — | $5.1M | ||
| Q4 23 | — | $7.0M |
| Q4 25 | — | $-585.7M | ||
| Q3 25 | — | $-164.0M | ||
| Q2 25 | $-30.4M | $-850.0K | ||
| Q1 25 | — | $-1.5M | ||
| Q4 24 | — | $-708.1K | ||
| Q2 24 | $-15.5M | $-399.6K | ||
| Q1 24 | — | $-553.2K | ||
| Q4 23 | — | — |
| Q4 25 | — | 78.6% | ||
| Q3 25 | — | 61.1% | ||
| Q2 25 | 58.1% | — | ||
| Q1 25 | — | -5.7% | ||
| Q4 24 | — | 17.1% | ||
| Q2 24 | 64.5% | 16.8% | ||
| Q1 24 | — | 26.2% | ||
| Q4 23 | — | 47.4% |
| Q4 25 | — | -2722.8% | ||
| Q3 25 | — | -39.2% | ||
| Q2 25 | -254.9% | -102.6% | ||
| Q1 25 | — | -58.3% | ||
| Q4 24 | — | -13.6% | ||
| Q2 24 | -45.0% | -5.9% | ||
| Q1 24 | — | -12.2% | ||
| Q4 23 | — | — |
| Q4 25 | — | -2732.2% | ||
| Q3 25 | — | -2063.6% | ||
| Q2 25 | -263.9% | -34.1% | ||
| Q1 25 | — | -46.5% | ||
| Q4 24 | — | -10.7% | ||
| Q2 24 | -47.2% | -5.1% | ||
| Q1 24 | — | -10.9% | ||
| Q4 23 | — | — |
| Q4 25 | — | $-5.91 | ||
| Q3 25 | — | $-21.86 | ||
| Q2 25 | — | $-0.77 | ||
| Q1 25 | — | $-1.32 | ||
| Q4 24 | — | $-0.64 | ||
| Q2 24 | $-0.64 | $-0.36 | ||
| Q1 24 | — | $-0.50 | ||
| Q4 23 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.0M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $880.9M |
| Total Assets | $82.4M | $892.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $5.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | $1.8M | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | — | $880.9M | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $3.4M | ||
| Q1 25 | — | $3.6M | ||
| Q4 24 | — | $2.3M | ||
| Q2 24 | — | $1.4M | ||
| Q1 24 | — | $1.8M | ||
| Q4 23 | — | — |
| Q4 25 | — | $892.9M | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $82.4M | $8.3M | ||
| Q1 25 | — | $12.3M | ||
| Q4 24 | — | — | ||
| Q2 24 | $87.6M | $15.2M | ||
| Q1 24 | — | $15.2M | ||
| Q4 23 | — | $16.3M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.3M | $-7.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-7.9M | ||
| Q3 25 | — | $-4.5M | ||
| Q2 25 | $-2.3M | $-1.2M | ||
| Q1 25 | — | $-537.6K | ||
| Q4 24 | — | $-434.3K | ||
| Q2 24 | — | $436.0K | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-4.5M | ||
| Q2 25 | — | $-1.2M | ||
| Q1 25 | — | $-539.0K | ||
| Q4 24 | — | $-439.7K | ||
| Q2 24 | — | $426.8K | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -57.0% | ||
| Q2 25 | — | -50.0% | ||
| Q1 25 | — | -17.3% | ||
| Q4 24 | — | -6.6% | ||
| Q2 24 | — | 5.5% | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIXI
Segment breakdown not available.
FWDI
| CODM | $17.4M | 81% |
| Design Segment | $4.1M | 19% |
