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Side-by-side financial comparison of Beta Bionics, Inc. (BBNX) and Cosmos Health Inc. (COSM). Click either name above to swap in a different company.

Beta Bionics, Inc. is the larger business by last-quarter revenue ($27.6M vs $19.7M, roughly 1.4× Cosmos Health Inc.). Cosmos Health Inc. runs the higher net margin — -51.5% vs -79.3%, a 27.8% gap on every dollar of revenue. On growth, Beta Bionics, Inc. posted the faster year-over-year revenue change (56.6% vs 38.5%).

Beta Bionics, Inc. is a medical technology company focused on developing and commercializing advanced automated diabetes management solutions. Its core product is the iLet Bionic Pancreas, a wearable device that automatically adjusts insulin and glucagon delivery for people with Type 1 and Type 2 diabetes, serving primarily the U.S. healthcare market with plans for global expansion.

AgniKul Cosmos Private Limited is a private Indian aerospace manufacturer and commercial launch service provider based in National Centre for Combustion Research and Development (NCCRD) of IIT Madras, Chennai. The start up aims to develop and launch its own small-lift launch vehicle such as the Agnibaan, capable of placing 100 kg (220 lb) payload into a 700 km (430 mi) orbit.

BBNX vs COSM — Head-to-Head

Bigger by revenue
BBNX
BBNX
1.4× larger
BBNX
$27.6M
$19.7M
COSM
Growing faster (revenue YoY)
BBNX
BBNX
+18.1% gap
BBNX
56.6%
38.5%
COSM
Higher net margin
COSM
COSM
27.8% more per $
COSM
-51.5%
-79.3%
BBNX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BBNX
BBNX
COSM
COSM
Revenue
$27.6M
$19.7M
Net Profit
$-21.9M
$-10.1M
Gross Margin
59.5%
10.6%
Operating Margin
-47.4%
-57.9%
Net Margin
-79.3%
-51.5%
Revenue YoY
56.6%
38.5%
Net Profit YoY
23.6%
-203.0%
EPS (diluted)
$-0.49
$-0.33

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
BBNX
BBNX
COSM
COSM
Q1 26
$27.6M
Q4 25
$32.1M
$19.7M
Q3 25
$27.3M
$17.1M
Q2 25
$23.2M
$14.7M
Q1 25
$17.6M
$13.7M
Q4 24
$14.2M
Q3 24
$12.4M
Q2 24
$13.2M
Net Profit
BBNX
BBNX
COSM
COSM
Q1 26
$-21.9M
Q4 25
$-13.5M
$-10.1M
Q3 25
$-14.2M
$-5.4M
Q2 25
$-16.9M
$-2.8M
Q1 25
$-28.7M
$-818.1K
Q4 24
$-3.3M
Q3 24
$-8.4M
Q2 24
$-2.6M
Gross Margin
BBNX
BBNX
COSM
COSM
Q1 26
59.5%
Q4 25
59.0%
10.6%
Q3 25
55.5%
15.2%
Q2 25
53.8%
7.9%
Q1 25
50.9%
14.9%
Q4 24
7.1%
Q3 24
9.7%
Q2 24
5.8%
Operating Margin
BBNX
BBNX
COSM
COSM
Q1 26
-47.4%
Q4 25
-50.2%
-57.9%
Q3 25
-62.5%
-10.6%
Q2 25
-85.5%
-17.9%
Q1 25
-105.7%
-6.1%
Q4 24
-63.0%
Q3 24
-18.0%
Q2 24
-18.9%
Net Margin
BBNX
BBNX
COSM
COSM
Q1 26
-79.3%
Q4 25
-41.9%
-51.5%
Q3 25
-52.1%
-31.3%
Q2 25
-72.6%
-19.2%
Q1 25
-162.5%
-6.0%
Q4 24
-23.5%
Q3 24
-67.5%
Q2 24
-19.6%
EPS (diluted)
BBNX
BBNX
COSM
COSM
Q1 26
$-0.49
Q4 25
$-0.16
$-0.33
Q3 25
$-0.33
$-0.17
Q2 25
$-0.39
$-0.10
Q1 25
$-0.93
$-0.03
Q4 24
$-0.46
Q3 24
$-0.45
Q2 24
$-0.15

Balance Sheet & Financial Strength

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

Metric
BBNX
BBNX
COSM
COSM
Cash + ST InvestmentsLiquidity on hand
$199.5M
$761.8K
Total DebtLower is stronger
$3.8M
Stockholders' EquityBook value
$271.2M
$18.4M
Total Assets
$304.4M
$65.5M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBNX
BBNX
COSM
COSM
Q1 26
$199.5M
Q4 25
$219.1M
$761.8K
Q3 25
$228.7M
$922.6K
Q2 25
$249.7M
$30.3K
Q1 25
$231.5M
$25.3K
Q4 24
$336.3K
Q3 24
$22.8K
Q2 24
$21.5K
Total Debt
BBNX
BBNX
COSM
COSM
Q1 26
Q4 25
$3.8M
Q3 25
$5.4M
Q2 25
$5.2M
Q1 25
$4.9M
Q4 24
$4.1M
Q3 24
$4.3M
Q2 24
$3.9M
Stockholders' Equity
BBNX
BBNX
COSM
COSM
Q1 26
$271.2M
Q4 25
$287.6M
$18.4M
Q3 25
$294.8M
$23.1M
Q2 25
$301.6M
$26.2M
Q1 25
$313.8M
$26.0M
Q4 24
$24.5M
Q3 24
$35.0M
Q2 24
$32.1M
Total Assets
BBNX
BBNX
COSM
COSM
Q1 26
$304.4M
Q4 25
$328.7M
$65.5M
Q3 25
$330.0M
$69.5M
Q2 25
$330.0M
$61.8M
Q1 25
$338.0M
$57.2M
Q4 24
$54.3M
Q3 24
$64.5M
Q2 24
$60.8M
Debt / Equity
BBNX
BBNX
COSM
COSM
Q1 26
Q4 25
0.20×
Q3 25
0.23×
Q2 25
0.20×
Q1 25
0.19×
Q4 24
0.17×
Q3 24
0.12×
Q2 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
BBNX
BBNX
COSM
COSM
Operating Cash FlowLast quarter
$-4.6M
Free Cash FlowOCF − Capex
$-4.6M
FCF MarginFCF / Revenue
-23.4%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BBNX
BBNX
COSM
COSM
Q1 26
Q4 25
$-8.6M
$-4.6M
Q3 25
$-8.7M
$-2.5M
Q2 25
$-13.6M
$-1.2M
Q1 25
$-20.0M
$-186.3K
Q4 24
$-3.8M
Q3 24
$739.8K
Q2 24
$-1.2M
Free Cash Flow
BBNX
BBNX
COSM
COSM
Q1 26
Q4 25
$-10.5M
$-4.6M
Q3 25
$-10.0M
$-2.5M
Q2 25
$-15.4M
$-1.2M
Q1 25
$-20.3M
$-198.8K
Q4 24
$-3.9M
Q3 24
$511.0K
Q2 24
$-1.2M
FCF Margin
BBNX
BBNX
COSM
COSM
Q1 26
Q4 25
-32.8%
-23.4%
Q3 25
-36.7%
-14.4%
Q2 25
-66.2%
-8.4%
Q1 25
-115.1%
-1.5%
Q4 24
-27.5%
Q3 24
4.1%
Q2 24
-9.4%
Capex Intensity
BBNX
BBNX
COSM
COSM
Q1 26
Q4 25
5.9%
0.0%
Q3 25
4.7%
0.1%
Q2 25
7.7%
0.2%
Q1 25
1.9%
0.1%
Q4 24
0.5%
Q3 24
1.8%
Q2 24
0.3%

Financial Flow Comparison

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

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