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Side-by-side financial comparison of bioAffinity Technologies, Inc. (BIAF) and MultiSensor AI Holdings, Inc. (MSAI). Click either name above to swap in a different company.
bioAffinity Technologies, Inc. is the larger business by last-quarter revenue ($1.6M vs $1.4M, roughly 1.1× MultiSensor AI Holdings, Inc.). MultiSensor AI Holdings, Inc. runs the higher net margin — -164.1% vs -197.0%, a 32.9% gap on every dollar of revenue. On growth, MultiSensor AI Holdings, Inc. posted the faster year-over-year revenue change (-0.9% vs -27.8%). bioAffinity Technologies, Inc. produced more free cash flow last quarter ($-2.6M vs $-2.6M). Over the past eight quarters, bioAffinity Technologies, Inc.'s revenue compounded faster (-18.6% CAGR vs -21.9%).
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.
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.
BIAF vs MSAI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6M | $1.4M |
| Net Profit | $-3.1M | $-2.3M |
| Gross Margin | — | — |
| Operating Margin | -196.9% | -171.6% |
| Net Margin | -197.0% | -164.1% |
| Revenue YoY | -27.8% | -0.9% |
| Net Profit YoY | -5.7% | 23.7% |
| EPS (diluted) | $-3.59 | $-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 | $1.4M | $1.6M | ||
| Q2 25 | $1.3M | $1.4M | ||
| Q1 25 | $1.9M | $1.2M | ||
| Q4 24 | $2.2M | $1.4M | ||
| Q3 24 | $2.4M | $1.6M | ||
| Q2 24 | $2.4M | $2.1M | ||
| Q1 24 | $2.4M | $2.3M |
| Q4 25 | $-3.1M | $-2.3M | ||
| Q3 25 | $-5.1M | $-1.7M | ||
| Q2 25 | $-4.1M | $-3.3M | ||
| Q1 25 | $-2.7M | $-4.4M | ||
| Q4 24 | $-3.0M | $-3.0M | ||
| Q3 24 | $-2.0M | $-8.2M | ||
| Q2 24 | $-2.1M | $-6.4M | ||
| Q1 24 | $-2.0M | $-3.9M |
| Q4 25 | -196.9% | -171.6% | ||
| Q3 25 | -158.6% | -107.6% | ||
| Q2 25 | -198.2% | -233.8% | ||
| Q1 25 | -141.7% | -394.6% | ||
| Q4 24 | -133.5% | -199.6% | ||
| Q3 24 | -84.0% | -541.5% | ||
| Q2 24 | -87.1% | -228.1% | ||
| Q1 24 | -80.8% | -112.7% |
| Q4 25 | -197.0% | -164.1% | ||
| Q3 25 | -349.3% | -106.5% | ||
| Q2 25 | -319.9% | -234.1% | ||
| Q1 25 | -143.5% | -379.1% | ||
| Q4 24 | -134.4% | -213.2% | ||
| Q3 24 | -85.1% | -511.5% | ||
| Q2 24 | -88.0% | -300.8% | ||
| Q1 24 | -81.5% | -172.4% |
| Q4 25 | $-3.59 | $-0.02 | ||
| Q3 25 | $-4.74 | $-0.05 | ||
| Q2 25 | $-0.17 | $-0.10 | ||
| Q1 25 | $-0.16 | $-0.14 | ||
| Q4 24 | $-17.27 | $0.07 | ||
| Q3 24 | $-4.84 | $-0.34 | ||
| Q2 24 | $-0.19 | $-0.47 | ||
| Q1 24 | $-0.20 | $-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 | $6.4M | $24.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.3M | $32.0M |
| Total Assets | $11.0M | $35.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.4M | $24.4M | ||
| Q3 25 | $7.7M | $1.1M | ||
| Q2 25 | $802.8K | $3.2M | ||
| Q1 25 | $444.7K | $4.7M | ||
| Q4 24 | $1.1M | $4.4M | ||
| Q3 24 | $756.6K | $8.6M | ||
| Q2 24 | $801.3K | $234.0K | ||
| Q1 24 | $2.5M | $491.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $642.0K | ||
| Q1 24 | — | $2.8M |
| Q4 25 | $7.3M | $32.0M | ||
| Q3 25 | $8.9M | $8.3M | ||
| Q2 25 | $-2.1M | $9.8M | ||
| Q1 25 | $1.4M | $12.9M | ||
| Q4 24 | $2.6M | $12.3M | ||
| Q3 24 | $3.1M | $15.6M | ||
| Q2 24 | $3.4M | $1.6M | ||
| Q1 24 | $5.3M | $1.4M |
| Q4 25 | $11.0M | $35.5M | ||
| Q3 25 | $11.5M | $11.9M | ||
| Q2 25 | $4.8M | $14.6M | ||
| Q1 25 | $5.5M | $16.4M | ||
| Q4 24 | $6.5M | $15.5M | ||
| Q3 24 | $6.6M | $18.9M | ||
| Q2 24 | $6.7M | $16.4M | ||
| Q1 24 | $8.0M | $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 | $-2.6M | $-2.2M |
| Free Cash FlowOCF − Capex | $-2.6M | $-2.6M |
| FCF MarginFCF / Revenue | -160.7% | -187.3% |
| Capex IntensityCapex / Revenue | 0.0% | 26.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.4M | $-9.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.6M | $-2.2M | ||
| Q3 25 | $-2.5M | $-1.8M | ||
| Q2 25 | $-2.6M | $-804.0K | ||
| Q1 25 | $-1.6M | $-3.2M | ||
| Q4 24 | $-1.7M | $-3.1M | ||
| Q3 24 | $-1.7M | $-12.7M | ||
| Q2 24 | $-1.5M | $-303.0K | ||
| Q1 24 | $-2.3M | $492.0K |
| Q4 25 | $-2.6M | $-2.6M | ||
| Q3 25 | $-2.5M | $-2.1M | ||
| Q2 25 | $-2.7M | $-1.3M | ||
| Q1 25 | $-1.7M | $-3.6M | ||
| Q4 24 | $-1.7M | $-4.1M | ||
| Q3 24 | $-1.7M | $-13.2M | ||
| Q2 24 | $-1.6M | $-844.0K | ||
| Q1 24 | $-2.4M | $-79.0K |
| Q4 25 | -160.7% | -187.3% | ||
| Q3 25 | -171.8% | -136.1% | ||
| Q2 25 | -209.6% | -91.5% | ||
| Q1 25 | -91.3% | -308.6% | ||
| Q4 24 | -76.0% | -294.6% | ||
| Q3 24 | -73.1% | -823.2% | ||
| Q2 24 | -65.1% | -39.7% | ||
| Q1 24 | -99.2% | -3.5% |
| Q4 25 | 0.0% | 26.2% | ||
| Q3 25 | 0.3% | 21.5% | ||
| Q2 25 | 1.1% | 34.8% | ||
| Q1 25 | 2.7% | 37.2% | ||
| Q4 24 | 0.0% | 76.2% | ||
| Q3 24 | 0.4% | 30.5% | ||
| Q2 24 | 1.2% | 25.5% | ||
| Q1 24 | 1.7% | 25.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
