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Side-by-side financial comparison of Atara Biotherapeutics, Inc. (ATRA) and MultiSensor AI Holdings, Inc. (MSAI). Click either name above to swap in a different company.
Atara Biotherapeutics, Inc. is the larger business by last-quarter revenue ($1.6M vs $1.4M, roughly 1.1× MultiSensor AI Holdings, Inc.). On growth, MultiSensor AI Holdings, Inc. posted the faster year-over-year revenue change (-0.9% vs -95.1%). Over the past eight quarters, MultiSensor AI Holdings, Inc.'s revenue compounded faster (-21.9% CAGR vs -75.9%).
Atara Biotherapeutics, Inc. is a clinical-stage biotechnology company focused on developing allogeneic T-cell immunotherapies for patients with unmet medical needs across oncology, autoimmune disease, and infectious disease indications. It operates primarily in North America, Europe, and Asia-Pacific, partnering with research institutions to advance its novel treatment pipeline.
Figure AI, Inc. is an American robotics company developing AI-powered humanoid robots. The company was founded in 2022 by Brett Adcock, also known for founding Archer Aviation and Vettery.
ATRA vs MSAI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6M | $1.4M |
| Net Profit | — | $-2.3M |
| Gross Margin | — | — |
| Operating Margin | — | -171.6% |
| Net Margin | — | -164.1% |
| Revenue YoY | -95.1% | -0.9% |
| Net Profit YoY | 73.2% | 23.7% |
| EPS (diluted) | — | $-0.02 |
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.
| Q4 25 | $1.6M | $1.4M | ||
| Q3 25 | $3.5M | $1.6M | ||
| Q2 25 | $17.6M | $1.4M | ||
| Q1 25 | $98.1M | $1.2M | ||
| Q4 24 | $32.8M | $1.4M | ||
| Q3 24 | $40.2M | $1.6M | ||
| Q2 24 | $28.6M | $2.1M | ||
| Q1 24 | $27.4M | $2.3M |
| Q4 25 | — | $-2.3M | ||
| Q3 25 | $-4.3M | $-1.7M | ||
| Q2 25 | $2.4M | $-3.3M | ||
| Q1 25 | $38.0M | $-4.4M | ||
| Q4 24 | $-12.7M | $-3.0M | ||
| Q3 24 | $-21.9M | $-8.2M | ||
| Q2 24 | $-19.0M | $-6.4M | ||
| Q1 24 | $-31.8M | $-3.9M |
| Q4 25 | — | -171.6% | ||
| Q3 25 | -103.5% | -107.6% | ||
| Q2 25 | 18.2% | -233.8% | ||
| Q1 25 | 39.5% | -394.6% | ||
| Q4 24 | -37.3% | -199.6% | ||
| Q3 24 | -54.1% | -541.5% | ||
| Q2 24 | -63.7% | -228.1% | ||
| Q1 24 | -114.2% | -112.7% |
| Q4 25 | — | -164.1% | ||
| Q3 25 | -124.6% | -106.5% | ||
| Q2 25 | 13.6% | -234.1% | ||
| Q1 25 | 38.7% | -379.1% | ||
| Q4 24 | -38.8% | -213.2% | ||
| Q3 24 | -54.5% | -511.5% | ||
| Q2 24 | -66.5% | -300.8% | ||
| Q1 24 | -116.1% | -172.4% |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $-0.32 | $-0.05 | ||
| Q2 25 | $0.19 | $-0.10 | ||
| Q1 25 | $3.50 | $-0.14 | ||
| Q4 24 | $0.27 | $0.07 | ||
| Q3 24 | $-2.93 | $-0.34 | ||
| Q2 24 | $-3.10 | $-0.47 | ||
| Q1 24 | $-5.65 | $-0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.5M | $24.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.5M | $32.0M |
| Total Assets | $20.2M | $35.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $24.4M | ||
| Q3 25 | $13.7M | $1.1M | ||
| Q2 25 | $22.3M | $3.2M | ||
| Q1 25 | $13.8M | $4.7M | ||
| Q4 24 | $42.5M | $4.4M | ||
| Q3 24 | $67.2M | $8.6M | ||
| Q2 24 | $35.3M | $234.0K | ||
| Q1 24 | $46.2M | $491.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $642.0K | ||
| Q1 24 | — | $2.8M |
| Q4 25 | $-38.5M | $32.0M | ||
| Q3 25 | $-36.6M | $8.3M | ||
| Q2 25 | $-35.0M | $9.8M | ||
| Q1 25 | $-55.1M | $12.9M | ||
| Q4 24 | $-97.3M | $12.3M | ||
| Q3 24 | $-90.5M | $15.6M | ||
| Q2 24 | $-110.9M | $1.6M | ||
| Q1 24 | $-98.3M | $1.4M |
| Q4 25 | $20.2M | $35.5M | ||
| Q3 25 | $30.2M | $11.9M | ||
| Q2 25 | $36.9M | $14.6M | ||
| Q1 25 | $62.0M | $16.4M | ||
| Q4 24 | $109.1M | $15.5M | ||
| Q3 24 | $142.7M | $18.9M | ||
| Q2 24 | $117.3M | $16.4M | ||
| Q1 24 | $165.3M | $14.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.41× | ||
| Q1 24 | — | 2.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-50.9M | $-2.2M |
| Free Cash FlowOCF − Capex | — | $-2.6M |
| FCF MarginFCF / Revenue | — | -187.3% |
| Capex IntensityCapex / Revenue | 0.0% | 26.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.9M | $-2.2M | ||
| Q3 25 | $-9.8M | $-1.8M | ||
| Q2 25 | $-7.3M | $-804.0K | ||
| Q1 25 | $-28.1M | $-3.2M | ||
| Q4 24 | $-24.5M | $-3.1M | ||
| Q3 24 | $-4.0M | $-12.7M | ||
| Q2 24 | $-10.6M | $-303.0K | ||
| Q1 24 | $-29.6M | $492.0K |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | — | $-1.3M | ||
| Q1 25 | — | $-3.6M | ||
| Q4 24 | $-24.6M | $-4.1M | ||
| Q3 24 | — | $-13.2M | ||
| Q2 24 | $-10.7M | $-844.0K | ||
| Q1 24 | $-29.7M | $-79.0K |
| Q4 25 | — | -187.3% | ||
| Q3 25 | — | -136.1% | ||
| Q2 25 | — | -91.5% | ||
| Q1 25 | — | -308.6% | ||
| Q4 24 | -75.0% | -294.6% | ||
| Q3 24 | — | -823.2% | ||
| Q2 24 | -37.3% | -39.7% | ||
| Q1 24 | -108.7% | -3.5% |
| Q4 25 | 0.0% | 26.2% | ||
| Q3 25 | 0.0% | 21.5% | ||
| Q2 25 | 0.0% | 34.8% | ||
| Q1 25 | 0.0% | 37.2% | ||
| Q4 24 | 0.3% | 76.2% | ||
| Q3 24 | 0.0% | 30.5% | ||
| Q2 24 | 0.1% | 25.5% | ||
| Q1 24 | 0.5% | 25.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -3.07× | — | ||
| Q1 25 | -0.74× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
