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Side-by-side financial comparison of Arrive AI Inc. (ARAI) and MEDICINOVA INC (MNOV). Click either name above to swap in a different company.

MEDICINOVA INC is the larger business by last-quarter revenue ($123.3K vs $90.7K, roughly 1.4× Arrive AI Inc.). MEDICINOVA INC runs the higher net margin — -2473.6% vs -4066.2%, a 1592.6% gap on every dollar of revenue.

Arrive AI Inc. develops and delivers AI-powered logistics and supply chain optimization solutions. Its core offerings include intelligent route planning, automated load matching, and operational efficiency tools targeted at e-commerce merchants, freight forwarders, and small-to-medium logistics operators across the North American market, helping cut operational costs and shorten delivery cycles.

Medicinova Inc. is a clinical-stage biopharmaceutical firm developing novel therapies for unmet medical needs, focusing on immunology, inflammatory disorders and oncology. It operates across North America and Asia, advancing pipeline candidates through clinical trials to serve patients with limited treatment options.

ARAI vs MNOV — Head-to-Head

Bigger by revenue
MNOV
MNOV
1.4× larger
MNOV
$123.3K
$90.7K
ARAI
Higher net margin
MNOV
MNOV
1592.6% more per $
MNOV
-2473.6%
-4066.2%
ARAI

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
ARAI
ARAI
MNOV
MNOV
Revenue
$90.7K
$123.3K
Net Profit
$-3.7M
$-3.1M
Gross Margin
Operating Margin
-4066.2%
-2741.7%
Net Margin
-4066.2%
-2473.6%
Revenue YoY
Net Profit YoY
-6.9%
EPS (diluted)
$-0.12
$-0.06

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
ARAI
ARAI
MNOV
MNOV
Q3 25
$123.3K
Q2 25
$90.7K
$134.6K
Net Profit
ARAI
ARAI
MNOV
MNOV
Q3 25
$-3.1M
Q2 25
$-3.7M
$-3.3M
Operating Margin
ARAI
ARAI
MNOV
MNOV
Q3 25
-2741.7%
Q2 25
-4066.2%
-2679.9%
Net Margin
ARAI
ARAI
MNOV
MNOV
Q3 25
-2473.6%
Q2 25
-4066.2%
-2437.7%
EPS (diluted)
ARAI
ARAI
MNOV
MNOV
Q3 25
$-0.06
Q2 25
$-0.12
$-0.07

Balance Sheet & Financial Strength

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

Metric
ARAI
ARAI
MNOV
MNOV
Cash + ST InvestmentsLiquidity on hand
$32.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.5M
$44.0M
Total Assets
$8.5M
$47.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARAI
ARAI
MNOV
MNOV
Q3 25
$32.6M
Q2 25
$34.3M
Stockholders' Equity
ARAI
ARAI
MNOV
MNOV
Q3 25
$44.0M
Q2 25
$4.5M
$46.9M
Total Assets
ARAI
ARAI
MNOV
MNOV
Q3 25
$47.6M
Q2 25
$8.5M
$49.8M

Cash Flow & Capital Efficiency

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

Metric
ARAI
ARAI
MNOV
MNOV
Operating Cash FlowLast quarter
$-3.3M
$-1.7M
Free Cash FlowOCF − Capex
$-1.7M
FCF MarginFCF / Revenue
-1383.5%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARAI
ARAI
MNOV
MNOV
Q3 25
$-1.7M
Q2 25
$-3.3M
$-2.3M
Free Cash Flow
ARAI
ARAI
MNOV
MNOV
Q3 25
$-1.7M
Q2 25
FCF Margin
ARAI
ARAI
MNOV
MNOV
Q3 25
-1383.5%
Q2 25
Capex Intensity
ARAI
ARAI
MNOV
MNOV
Q3 25
2.4%
Q2 25

Financial Flow Comparison

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

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