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Side-by-side financial comparison of Ambow Education Holding Ltd. (AMBO) and NovaBay Pharmaceuticals, Inc. (NBY). Click either name above to swap in a different company.

NovaBay Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($4.8M vs $2.8M, roughly 1.7× Ambow Education Holding Ltd.). Ambow Education Holding Ltd. runs the higher net margin — 64.2% vs -25.5%, a 89.7% gap on every dollar of revenue. On growth, NovaBay Pharmaceuticals, Inc. posted the faster year-over-year revenue change (126.1% vs 15.3%).

Ambow Education Holding Ltd. is a China-focused education service provider that offers personalized learning solutions, professional career training programs, and K-12 after-school tutoring services. It partners with educational institutions and enterprises to deliver technology-integrated learning resources for learners of all age groups across mainland China.

NovaBay Pharmaceuticals, Inc. is an Emeryville, California based clinical-stage biopharmaceutical company, focused on products for eye care. Major products include Avenova, cleared by FDA for lid and lash cleansing as part of a regimen for Blepharitis. and NeutroPhase, used in treatment of Necrotizing Fasciitis

AMBO vs NBY — Head-to-Head

Bigger by revenue
NBY
NBY
1.7× larger
NBY
$4.8M
$2.8M
AMBO
Growing faster (revenue YoY)
NBY
NBY
+110.8% gap
NBY
126.1%
15.3%
AMBO
Higher net margin
AMBO
AMBO
89.7% more per $
AMBO
64.2%
-25.5%
NBY

Income Statement — Q2 FY2025 vs Q4 FY2024

Metric
AMBO
AMBO
NBY
NBY
Revenue
$2.8M
$4.8M
Net Profit
$1.8M
$-1.2M
Gross Margin
53.3%
65.2%
Operating Margin
11.9%
-37.2%
Net Margin
64.2%
-25.5%
Revenue YoY
15.3%
126.1%
Net Profit YoY
1343.1%
70.5%
EPS (diluted)
$0.03

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
AMBO
AMBO
NBY
NBY
Q2 25
$2.8M
Q4 24
$4.8M
Q3 24
$0
Q2 24
$2.4M
$2.4M
Q1 24
$2.6M
Q4 23
$2.1M
Q3 23
$2.5M
Q2 23
$2.7M
$3.5M
Net Profit
AMBO
AMBO
NBY
NBY
Q2 25
$1.8M
Q4 24
$-1.2M
Q3 24
$-1.2M
Q2 24
$123.0K
$-1.6M
Q1 24
$-3.2M
Q4 23
$-4.1M
Q3 23
$-1.8M
Q2 23
$-1.0M
$-2.0M
Gross Margin
AMBO
AMBO
NBY
NBY
Q2 25
53.3%
Q4 24
65.2%
Q3 24
Q2 24
55.6%
66.3%
Q1 24
68.2%
Q4 23
51.5%
Q3 23
67.0%
Q2 23
44.7%
49.2%
Operating Margin
AMBO
AMBO
NBY
NBY
Q2 25
11.9%
Q4 24
-37.2%
Q3 24
Q2 24
2.7%
-67.4%
Q1 24
-87.1%
Q4 23
-48.0%
Q3 23
-28.1%
Q2 23
-27.7%
-29.7%
Net Margin
AMBO
AMBO
NBY
NBY
Q2 25
64.2%
Q4 24
-25.5%
Q3 24
Q2 24
5.1%
-66.0%
Q1 24
-122.2%
Q4 23
-195.5%
Q3 23
-70.8%
Q2 23
-36.7%
-57.6%
EPS (diluted)
AMBO
AMBO
NBY
NBY
Q2 25
$0.03
Q4 24
Q3 24
$-1.92
Q2 24
$0.00
$-1.37
Q1 24
$-29.95
Q4 23
Q3 23
Q2 23
$-0.02

Balance Sheet & Financial Strength

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

Metric
AMBO
AMBO
NBY
NBY
Cash + ST InvestmentsLiquidity on hand
$4.1M
$430.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$8.6M
$-129.0K
Total Assets
$23.2M
$3.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMBO
AMBO
NBY
NBY
Q2 25
$4.1M
Q4 24
$430.0K
Q3 24
$776.0K
Q2 24
$1.6M
$751.0K
Q1 24
$1.8M
Q4 23
$2.9M
Q3 23
$3.5M
Q2 23
$6.9M
$4.4M
Stockholders' Equity
AMBO
AMBO
NBY
NBY
Q2 25
$8.6M
Q4 24
$-129.0K
Q3 24
$1.1M
Q2 24
$6.6M
$-617.0K
Q1 24
$160.0K
Q4 23
$3.3M
Q3 23
$7.0M
Q2 23
$7.4M
$8.6M
Total Assets
AMBO
AMBO
NBY
NBY
Q2 25
$23.2M
Q4 24
$3.4M
Q3 24
$3.9M
Q2 24
$17.6M
$3.9M
Q1 24
$5.4M
Q4 23
$9.0M
Q3 23
$12.9M
Q2 23
$28.8M
$16.0M

Cash Flow & Capital Efficiency

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

Metric
AMBO
AMBO
NBY
NBY
Operating Cash FlowLast quarter
$-1.7M
Free Cash FlowOCF − Capex
$-1.7M
FCF MarginFCF / Revenue
-35.4%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMBO
AMBO
NBY
NBY
Q2 25
Q4 24
$-1.7M
Q3 24
$-2.4M
Q2 24
$-1.4M
Q1 24
$-2.0M
Q4 23
$-592.0K
Q3 23
$-646.0K
Q2 23
$-1.7M
Free Cash Flow
AMBO
AMBO
NBY
NBY
Q2 25
Q4 24
$-1.7M
Q3 24
Q2 24
Q1 24
$-2.0M
Q4 23
$-595.0K
Q3 23
$-647.0K
Q2 23
$-1.7M
FCF Margin
AMBO
AMBO
NBY
NBY
Q2 25
Q4 24
-35.4%
Q3 24
Q2 24
Q1 24
-75.3%
Q4 23
-28.3%
Q3 23
-26.1%
Q2 23
-48.3%
Capex Intensity
AMBO
AMBO
NBY
NBY
Q2 25
Q4 24
0.1%
Q3 24
Q2 24
0.0%
Q1 24
0.1%
Q4 23
0.1%
Q3 23
0.0%
Q2 23
0.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMBO
AMBO

Segment breakdown not available.

NBY
NBY

Other$2.4M51%
Total Product Revenue$2.3M49%

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