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

Spire Global, Inc. is the larger business by last-quarter revenue ($15.8M vs $11.5M, roughly 1.4× Xiao-I Corp). Spire Global, Inc. runs the higher net margin — -176.6% vs -263.9%, a 87.2% gap on every dollar of revenue.

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

Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.

AIXI vs SPIR — Head-to-Head

Bigger by revenue
SPIR
SPIR
1.4× larger
SPIR
$15.8M
$11.5M
AIXI
Higher net margin
SPIR
SPIR
87.2% more per $
SPIR
-176.6%
-263.9%
AIXI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AIXI
AIXI
SPIR
SPIR
Revenue
$11.5M
$15.8M
Net Profit
$-30.4M
$-28.0M
Gross Margin
58.1%
40.2%
Operating Margin
-254.9%
-164.1%
Net Margin
-263.9%
-176.6%
Revenue YoY
-26.9%
Net Profit YoY
42.7%
EPS (diluted)
$-0.85

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
SPIR
SPIR
Q4 25
$15.8M
Q3 25
$12.7M
Q2 25
$11.5M
$19.2M
Q1 25
$23.9M
Q4 24
$21.7M
Q3 24
$28.6M
Q2 24
$33.0M
$25.4M
Q1 24
$34.8M
Net Profit
AIXI
AIXI
SPIR
SPIR
Q4 25
$-28.0M
Q3 25
$-19.7M
Q2 25
$-30.4M
$119.6M
Q1 25
$-20.7M
Q4 24
$-48.8M
Q3 24
$-12.5M
Q2 24
$-15.5M
$-16.6M
Q1 24
$-25.5M
Gross Margin
AIXI
AIXI
SPIR
SPIR
Q4 25
40.2%
Q3 25
36.6%
Q2 25
58.1%
48.9%
Q1 25
36.8%
Q4 24
32.4%
Q3 24
44.5%
Q2 24
64.5%
43.0%
Q1 24
26.5%
Operating Margin
AIXI
AIXI
SPIR
SPIR
Q4 25
-164.1%
Q3 25
-166.1%
Q2 25
-254.9%
-122.7%
Q1 25
-106.5%
Q4 24
-144.1%
Q3 24
-48.0%
Q2 24
-45.0%
-48.6%
Q1 24
-34.4%
Net Margin
AIXI
AIXI
SPIR
SPIR
Q4 25
-176.6%
Q3 25
-155.3%
Q2 25
-263.9%
623.4%
Q1 25
-86.5%
Q4 24
-225.2%
Q3 24
-43.7%
Q2 24
-47.2%
-65.2%
Q1 24
-73.3%
EPS (diluted)
AIXI
AIXI
SPIR
SPIR
Q4 25
$-0.85
Q3 25
$-0.61
Q2 25
$3.72
Q1 25
$-0.77
Q4 24
$-1.93
Q3 24
$-0.50
Q2 24
$-0.64
$-0.68
Q1 24
$-1.17

Balance Sheet & Financial Strength

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

Metric
AIXI
AIXI
SPIR
SPIR
Cash + ST InvestmentsLiquidity on hand
$5.0M
$81.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$112.9M
Total Assets
$82.4M
$211.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIXI
AIXI
SPIR
SPIR
Q4 25
$81.8M
Q3 25
$96.8M
Q2 25
$5.0M
$117.6M
Q1 25
$35.9M
Q4 24
$19.2M
Q3 24
$36.6M
Q2 24
$1.8M
$45.8M
Q1 24
$63.7M
Total Debt
AIXI
AIXI
SPIR
SPIR
Q4 25
Q3 25
Q2 25
Q1 25
$103.7M
Q4 24
$103.1M
Q3 24
$4.9M
Q2 24
$4.9M
Q1 24
$123.1M
Stockholders' Equity
AIXI
AIXI
SPIR
SPIR
Q4 25
$112.9M
Q3 25
$133.1M
Q2 25
$149.2M
Q1 25
$3.7M
Q4 24
$-11.7M
Q3 24
$30.8M
Q2 24
$40.3M
Q1 24
$52.5M
Total Assets
AIXI
AIXI
SPIR
SPIR
Q4 25
$211.0M
Q3 25
$224.3M
Q2 25
$82.4M
$239.5M
Q1 25
$208.8M
Q4 24
$193.6M
Q3 24
$224.2M
Q2 24
$87.6M
$230.8M
Q1 24
$252.3M
Debt / Equity
AIXI
AIXI
SPIR
SPIR
Q4 25
Q3 25
Q2 25
Q1 25
27.92×
Q4 24
Q3 24
0.16×
Q2 24
0.12×
Q1 24
2.35×

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
SPIR
SPIR
Operating Cash FlowLast quarter
$-2.3M
$-4.3M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-102.1%
Capex IntensityCapex / Revenue
75.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-92.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIXI
AIXI
SPIR
SPIR
Q4 25
$-4.3M
Q3 25
$-12.0M
Q2 25
$-2.3M
$-35.1M
Q1 25
$-8.4M
Q4 24
$-19.2M
Q3 24
$14.0M
Q2 24
$-4.4M
Q1 24
$-8.8M
Free Cash Flow
AIXI
AIXI
SPIR
SPIR
Q4 25
$-16.2M
Q3 25
$-20.4M
Q2 25
$-38.7M
Q1 25
$-17.3M
Q4 24
$-24.3M
Q3 24
$5.1M
Q2 24
$-9.9M
Q1 24
$-15.9M
FCF Margin
AIXI
AIXI
SPIR
SPIR
Q4 25
-102.1%
Q3 25
-161.3%
Q2 25
-201.7%
Q1 25
-72.6%
Q4 24
-112.2%
Q3 24
17.8%
Q2 24
-39.0%
Q1 24
-45.7%
Capex Intensity
AIXI
AIXI
SPIR
SPIR
Q4 25
75.1%
Q3 25
66.2%
Q2 25
18.8%
Q1 25
37.3%
Q4 24
23.5%
Q3 24
31.2%
Q2 24
21.8%
Q1 24
20.3%
Cash Conversion
AIXI
AIXI
SPIR
SPIR
Q4 25
Q3 25
Q2 25
-0.29×
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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