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Side-by-side financial comparison of Xiao-I Corp (AIXI) and TH International Ltd (THCH). Click either name above to swap in a different company.

Xiao-I Corp is the larger business by last-quarter revenue ($11.5M vs $6.6M, roughly 1.7× TH International Ltd). TH International Ltd runs the higher net margin — -41.2% vs -263.9%, a 222.7% gap on every dollar of revenue.

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

TH International Ltd is the exclusive operator of the Tim Hortons coffee brand in mainland China. It offers freshly brewed coffee, artisanal baked goods, light meals and branded peripheral products, operating physical offline stores and third-party delivery channels, targeting young urban consumers across tier 1, tier 2 and tier 3 cities in China.

AIXI vs THCH — Head-to-Head

Bigger by revenue
AIXI
AIXI
1.7× larger
AIXI
$11.5M
$6.6M
THCH
Higher net margin
THCH
THCH
222.7% more per $
THCH
-41.2%
-263.9%
AIXI

Income Statement — Q2 FY2025 vs Q1 FY2024

Metric
AIXI
AIXI
THCH
THCH
Revenue
$11.5M
$6.6M
Net Profit
$-30.4M
$-2.7M
Gross Margin
58.1%
Operating Margin
-254.9%
-37.3%
Net Margin
-263.9%
-41.2%
Revenue YoY
Net Profit YoY
EPS (diluted)

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
THCH
THCH
Q2 25
$11.5M
Q2 24
$33.0M
Q1 24
$6.6M
Q2 23
$26.5M
Net Profit
AIXI
AIXI
THCH
THCH
Q2 25
$-30.4M
Q2 24
$-15.5M
Q1 24
$-2.7M
Q2 23
$-18.8M
Gross Margin
AIXI
AIXI
THCH
THCH
Q2 25
58.1%
Q2 24
64.5%
Q1 24
Q2 23
77.3%
Operating Margin
AIXI
AIXI
THCH
THCH
Q2 25
-254.9%
Q2 24
-45.0%
Q1 24
-37.3%
Q2 23
-51.5%
Net Margin
AIXI
AIXI
THCH
THCH
Q2 25
-263.9%
Q2 24
-47.2%
Q1 24
-41.2%
Q2 23
-70.9%
EPS (diluted)
AIXI
AIXI
THCH
THCH
Q2 25
Q2 24
$-0.64
Q1 24
Q2 23
$-0.80

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIXI
AIXI
THCH
THCH
Q2 25
$5.0M
Q2 24
$1.8M
Q1 24
Q2 23
$4.7M
Stockholders' Equity
AIXI
AIXI
THCH
THCH
Q2 25
Q2 24
Q1 24
Q2 23
$525.1K
Total Assets
AIXI
AIXI
THCH
THCH
Q2 25
$82.4M
Q2 24
$87.6M
Q1 24
Q2 23
$51.3M

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
THCH
THCH
Operating Cash FlowLast quarter
$-2.3M
$-511
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
AIXI
AIXI
THCH
THCH
Q2 25
$-2.3M
Q2 24
Q1 24
$-511
Q2 23

Financial Flow Comparison

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

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