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Side-by-side financial comparison of bioAffinity Technologies, Inc. (BIAF) and MOBIX LABS, INC (MOBX). Click either name above to swap in a different company.
MOBIX LABS, INC is the larger business by last-quarter revenue ($1.9M vs $1.6M, roughly 1.2× bioAffinity Technologies, Inc.). bioAffinity Technologies, Inc. runs the higher net margin — -197.0% vs -540.0%, a 343.0% gap on every dollar of revenue. On growth, bioAffinity Technologies, Inc. posted the faster year-over-year revenue change (-27.8% vs -40.8%). Over the past eight quarters, MOBIX LABS, INC's revenue compounded faster (28.0% CAGR vs -18.6%).
bioAffinity Technologies, Inc. is a clinical-stage biotechnology firm focused on developing non-invasive in vitro diagnostic tests for early detection of cancer and respiratory diseases. It serves global healthcare markets, with a core mission to deliver accessible, high-accuracy diagnostic solutions that improve patient outcomes and reduce overall healthcare system costs.
BIAF vs MOBX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6M | $1.9M |
| Net Profit | $-3.1M | $-10.1M |
| Gross Margin | — | 31.0% |
| Operating Margin | -196.9% | -471.1% |
| Net Margin | -197.0% | -540.0% |
| Revenue YoY | -27.8% | -40.8% |
| Net Profit YoY | -5.7% | 49.0% |
| EPS (diluted) | $-3.59 | $-0.16 |
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 | $1.9M | ||
| Q3 25 | $1.4M | $1.9M | ||
| Q2 25 | $1.3M | $2.4M | ||
| Q1 25 | $1.9M | $2.5M | ||
| Q4 24 | $2.2M | $3.2M | ||
| Q3 24 | $2.4M | $3.0M | ||
| Q2 24 | $2.4M | $2.1M | ||
| Q1 24 | $2.4M | $1.1M |
| Q4 25 | $-3.1M | $-10.1M | ||
| Q3 25 | $-5.1M | $-15.7M | ||
| Q2 25 | $-4.1M | $-8.3M | ||
| Q1 25 | $-2.7M | $-2.3M | ||
| Q4 24 | $-3.0M | $-19.8M | ||
| Q3 24 | $-2.0M | $-11.5M | ||
| Q2 24 | $-2.1M | $-7.7M | ||
| Q1 24 | $-2.0M | $-1.8M |
| Q4 25 | — | 31.0% | ||
| Q3 25 | — | 50.5% | ||
| Q2 25 | — | 57.4% | ||
| Q1 25 | — | 40.6% | ||
| Q4 24 | — | 53.2% | ||
| Q3 24 | — | 56.6% | ||
| Q2 24 | — | 35.5% | ||
| Q1 24 | — | 16.9% |
| Q4 25 | -196.9% | -471.1% | ||
| Q3 25 | -158.6% | -834.9% | ||
| Q2 25 | -198.2% | -343.4% | ||
| Q1 25 | -141.7% | -311.7% | ||
| Q4 24 | -133.5% | -461.7% | ||
| Q3 24 | -84.0% | -378.0% | ||
| Q2 24 | -87.1% | -454.2% | ||
| Q1 24 | -80.8% | -747.8% |
| Q4 25 | -197.0% | -540.0% | ||
| Q3 25 | -349.3% | -835.8% | ||
| Q2 25 | -319.9% | -352.0% | ||
| Q1 25 | -143.5% | -91.2% | ||
| Q4 24 | -134.4% | -626.0% | ||
| Q3 24 | -85.1% | -390.6% | ||
| Q2 24 | -88.0% | -373.1% | ||
| Q1 24 | -81.5% | -153.1% |
| Q4 25 | $-3.59 | $-0.16 | ||
| Q3 25 | $-4.74 | $-0.26 | ||
| Q2 25 | $-0.17 | $-0.17 | ||
| Q1 25 | $-0.16 | $-0.06 | ||
| Q4 24 | $-17.27 | $-0.52 | ||
| Q3 24 | $-4.84 | $-0.33 | ||
| Q2 24 | $-0.19 | $-0.25 | ||
| Q1 24 | $-0.20 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.4M | — |
| Total DebtLower is stronger | — | $6.3M |
| Stockholders' EquityBook value | $7.3M | $4.7M |
| Total Assets | $11.0M | $32.7M |
| Debt / EquityLower = less leverage | — | 1.34× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.4M | — | ||
| Q3 25 | $7.7M | — | ||
| Q2 25 | $802.8K | — | ||
| Q1 25 | $444.7K | — | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $756.6K | — | ||
| Q2 24 | $801.3K | — | ||
| Q1 24 | $2.5M | — |
| Q4 25 | — | $6.3M | ||
| Q3 25 | — | $6.2M | ||
| Q2 25 | — | $4.4M | ||
| Q1 25 | — | $4.6M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | — | $3.4M | ||
| Q2 24 | — | $3.2M | ||
| Q1 24 | — | $3.2M |
| Q4 25 | $7.3M | $4.7M | ||
| Q3 25 | $8.9M | $-336.0K | ||
| Q2 25 | $-2.1M | $425.0K | ||
| Q1 25 | $1.4M | $342.0K | ||
| Q4 24 | $2.6M | $-3.0M | ||
| Q3 24 | $3.1M | $5.5M | ||
| Q2 24 | $3.4M | $8.5M | ||
| Q1 24 | $5.3M | $4.2M |
| Q4 25 | $11.0M | $32.7M | ||
| Q3 25 | $11.5M | $37.1M | ||
| Q2 25 | $4.8M | $34.6M | ||
| Q1 25 | $5.5M | $36.5M | ||
| Q4 24 | $6.5M | $37.3M | ||
| Q3 24 | $6.6M | $39.1M | ||
| Q2 24 | $6.7M | $41.3M | ||
| Q1 24 | $8.0M | $29.5M |
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.26× | ||
| Q1 25 | — | 13.44× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.76× |
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 | $-2.6M | $-4.8M |
| Free Cash FlowOCF − Capex | $-2.6M | — |
| FCF MarginFCF / Revenue | -160.7% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.6M | $-4.8M | ||
| Q3 25 | $-2.5M | $-4.5M | ||
| Q2 25 | $-2.6M | $-4.1M | ||
| Q1 25 | $-1.6M | $-586.0K | ||
| Q4 24 | $-1.7M | $-930.0K | ||
| Q3 24 | $-1.7M | $-3.6M | ||
| Q2 24 | $-1.5M | $-3.1M | ||
| Q1 24 | $-2.3M | $-8.1M |
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-2.5M | — | ||
| Q2 25 | $-2.7M | — | ||
| Q1 25 | $-1.7M | — | ||
| Q4 24 | $-1.7M | — | ||
| Q3 24 | $-1.7M | $-4.6M | ||
| Q2 24 | $-1.6M | $-3.1M | ||
| Q1 24 | $-2.4M | $-9.1M |
| Q4 25 | -160.7% | — | ||
| Q3 25 | -171.8% | — | ||
| Q2 25 | -209.6% | — | ||
| Q1 25 | -91.3% | — | ||
| Q4 24 | -76.0% | — | ||
| Q3 24 | -73.1% | -157.1% | ||
| Q2 24 | -65.1% | -151.8% | ||
| Q1 24 | -99.2% | -794.1% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.7% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.4% | 34.5% | ||
| Q2 24 | 1.2% | 2.2% | ||
| Q1 24 | 1.7% | 87.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIAF
Segment breakdown not available.
MOBX
| US | $1.7M | 92% |
| Other | $155.0K | 8% |
