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

Ambow Education Holding Ltd. is the larger business by last-quarter revenue ($2.8M vs $2.6M, roughly 1.1× TScan Therapeutics, Inc.). Ambow Education Holding Ltd. runs the higher net margin — 64.2% vs -895.1%, a 959.3% gap on every dollar of revenue. On growth, TScan Therapeutics, Inc. posted the faster year-over-year revenue change (286.0% 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.

TScan Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing novel T cell receptor (TCR) immunotherapies for hard-to-treat cancers. Its proprietary platform identifies high-affinity naturally occurring TCRs targeting tumor antigens, with pipeline candidates spanning hematological malignancies and solid tumors, operating in the global oncology therapeutics market.

AMBO vs TCRX — Head-to-Head

Bigger by revenue
AMBO
AMBO
1.1× larger
AMBO
$2.8M
$2.6M
TCRX
Growing faster (revenue YoY)
TCRX
TCRX
+270.7% gap
TCRX
286.0%
15.3%
AMBO
Higher net margin
AMBO
AMBO
959.3% more per $
AMBO
64.2%
-895.1%
TCRX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AMBO
AMBO
TCRX
TCRX
Revenue
$2.8M
$2.6M
Net Profit
$1.8M
$-23.0M
Gross Margin
53.3%
Operating Margin
11.9%
-929.4%
Net Margin
64.2%
-895.1%
Revenue YoY
15.3%
286.0%
Net Profit YoY
1343.1%
35.8%
EPS (diluted)
$0.03
$-0.18

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
TCRX
TCRX
Q4 25
$2.6M
Q3 25
$2.5M
Q2 25
$2.8M
$3.1M
Q1 25
$2.2M
Q3 24
$1.0M
Q2 24
$2.4M
Q4 23
$7.2M
Q3 23
$3.9M
Net Profit
AMBO
AMBO
TCRX
TCRX
Q4 25
$-23.0M
Q3 25
$-35.7M
Q2 25
$1.8M
$-37.0M
Q1 25
$-34.1M
Q3 24
$-29.9M
Q2 24
$123.0K
Q4 23
$-19.6M
Q3 23
$-23.0M
Gross Margin
AMBO
AMBO
TCRX
TCRX
Q4 25
Q3 25
Q2 25
53.3%
Q1 25
Q3 24
Q2 24
55.6%
Q4 23
Q3 23
Operating Margin
AMBO
AMBO
TCRX
TCRX
Q4 25
-929.4%
Q3 25
-1475.6%
Q2 25
11.9%
-1256.6%
Q1 25
-1669.7%
Q3 24
-3109.8%
Q2 24
2.7%
Q4 23
-296.2%
Q3 23
-636.7%
Net Margin
AMBO
AMBO
TCRX
TCRX
Q4 25
-895.1%
Q3 25
-1422.1%
Q2 25
64.2%
-1201.3%
Q1 25
-1571.9%
Q3 24
-2849.1%
Q2 24
5.1%
Q4 23
-272.0%
Q3 23
-591.6%
EPS (diluted)
AMBO
AMBO
TCRX
TCRX
Q4 25
$-0.18
Q3 25
$-0.28
Q2 25
$0.03
$-0.28
Q1 25
$-0.26
Q3 24
$-0.25
Q2 24
$0.00
Q4 23
$0.32
Q3 23
$-0.24

Balance Sheet & Financial Strength

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

Metric
AMBO
AMBO
TCRX
TCRX
Cash + ST InvestmentsLiquidity on hand
$4.1M
$152.4M
Total DebtLower is stronger
$32.5M
Stockholders' EquityBook value
$8.6M
$123.1M
Total Assets
$23.2M
$228.8M
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMBO
AMBO
TCRX
TCRX
Q4 25
$152.4M
Q3 25
$184.5M
Q2 25
$4.1M
$218.0M
Q1 25
$251.7M
Q3 24
$271.1M
Q2 24
$1.6M
Q4 23
$192.0M
Q3 23
$215.4M
Total Debt
AMBO
AMBO
TCRX
TCRX
Q4 25
$32.5M
Q3 25
$32.4M
Q2 25
$32.3M
Q1 25
$32.2M
Q3 24
$30.6M
Q2 24
Q4 23
$30.0M
Q3 23
$29.9M
Stockholders' Equity
AMBO
AMBO
TCRX
TCRX
Q4 25
$123.1M
Q3 25
$144.0M
Q2 25
$8.6M
$176.7M
Q1 25
$210.2M
Q3 24
$229.1M
Q2 24
$6.6M
Q4 23
$150.9M
Q3 23
$169.0M
Total Assets
AMBO
AMBO
TCRX
TCRX
Q4 25
$228.8M
Q3 25
$262.2M
Q2 25
$23.2M
$298.6M
Q1 25
$332.7M
Q3 24
$348.0M
Q2 24
$17.6M
Q4 23
$272.1M
Q3 23
$291.4M
Debt / Equity
AMBO
AMBO
TCRX
TCRX
Q4 25
0.26×
Q3 25
0.23×
Q2 25
0.18×
Q1 25
0.15×
Q3 24
0.13×
Q2 24
Q4 23
0.20×
Q3 23
0.18×

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
TCRX
TCRX
Operating Cash FlowLast quarter
$-32.0M
Free Cash FlowOCF − Capex
$-32.2M
FCF MarginFCF / Revenue
-1253.3%
Capex IntensityCapex / Revenue
6.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-139.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMBO
AMBO
TCRX
TCRX
Q4 25
$-32.0M
Q3 25
$-32.5M
Q2 25
$-33.3M
Q1 25
$-37.6M
Q3 24
$-27.9M
Q2 24
Q4 23
$-23.8M
Q3 23
$8.0M
Free Cash Flow
AMBO
AMBO
TCRX
TCRX
Q4 25
$-32.2M
Q3 25
$-33.9M
Q2 25
$-34.5M
Q1 25
$-39.1M
Q3 24
$-29.3M
Q2 24
Q4 23
$-24.2M
Q3 23
$6.6M
FCF Margin
AMBO
AMBO
TCRX
TCRX
Q4 25
-1253.3%
Q3 25
-1349.6%
Q2 25
-1123.1%
Q1 25
-1801.8%
Q3 24
-2792.0%
Q2 24
Q4 23
-336.1%
Q3 23
169.7%
Capex Intensity
AMBO
AMBO
TCRX
TCRX
Q4 25
6.7%
Q3 25
56.8%
Q2 25
41.6%
Q1 25
70.6%
Q3 24
130.6%
Q2 24
Q4 23
6.5%
Q3 23
36.5%

Financial Flow Comparison

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

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