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Side-by-side financial comparison of bioAffinity Technologies, Inc. (BIAF) and Marwynn Holdings, Inc. (MWYN). Click either name above to swap in a different company.

Marwynn Holdings, Inc. is the larger business by last-quarter revenue ($2.3M vs $1.6M, roughly 1.5× bioAffinity Technologies, Inc.). Marwynn Holdings, Inc. runs the higher net margin — -116.0% vs -197.0%, a 80.9% gap on every dollar of revenue. On growth, Marwynn Holdings, Inc. posted the faster year-over-year revenue change (-13.3% vs -27.8%).

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.

Marwynn Holdings, Inc. is a Canada-based investment holding company focused on acquiring, managing, and scaling middle-market businesses primarily across North America. Its core operating segments cover industrial products, consumer goods, and technology-enabled services, targeting sustainable long-term value creation for its stakeholders.

BIAF vs MWYN — Head-to-Head

Bigger by revenue
MWYN
MWYN
1.5× larger
MWYN
$2.3M
$1.6M
BIAF
Growing faster (revenue YoY)
MWYN
MWYN
+14.5% gap
MWYN
-13.3%
-27.8%
BIAF
Higher net margin
MWYN
MWYN
80.9% more per $
MWYN
-116.0%
-197.0%
BIAF

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BIAF
BIAF
MWYN
MWYN
Revenue
$1.6M
$2.3M
Net Profit
$-3.1M
$-2.7M
Gross Margin
42.4%
Operating Margin
-196.9%
-115.8%
Net Margin
-197.0%
-116.0%
Revenue YoY
-27.8%
-13.3%
Net Profit YoY
-5.7%
-11713.9%
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.

Revenue
BIAF
BIAF
MWYN
MWYN
Q4 25
$1.6M
Q3 25
$1.4M
$2.3M
Q2 25
$1.3M
Q1 25
$1.9M
$623.7K
Q4 24
$2.2M
Q3 24
$2.4M
Q2 24
$2.4M
Q1 24
$2.4M
Net Profit
BIAF
BIAF
MWYN
MWYN
Q4 25
$-3.1M
Q3 25
$-5.1M
$-2.7M
Q2 25
$-4.1M
Q1 25
$-2.7M
$23.4K
Q4 24
$-3.0M
Q3 24
$-2.0M
Q2 24
$-2.1M
Q1 24
$-2.0M
Gross Margin
BIAF
BIAF
MWYN
MWYN
Q4 25
Q3 25
42.4%
Q2 25
Q1 25
39.2%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
BIAF
BIAF
MWYN
MWYN
Q4 25
-196.9%
Q3 25
-158.6%
-115.8%
Q2 25
-198.2%
Q1 25
-141.7%
13.5%
Q4 24
-133.5%
Q3 24
-84.0%
Q2 24
-87.1%
Q1 24
-80.8%
Net Margin
BIAF
BIAF
MWYN
MWYN
Q4 25
-197.0%
Q3 25
-349.3%
-116.0%
Q2 25
-319.9%
Q1 25
-143.5%
3.8%
Q4 24
-134.4%
Q3 24
-85.1%
Q2 24
-88.0%
Q1 24
-81.5%
EPS (diluted)
BIAF
BIAF
MWYN
MWYN
Q4 25
$-3.59
Q3 25
$-4.74
$-0.16
Q2 25
$-0.17
Q1 25
$-0.16
$0.00
Q4 24
$-17.27
Q3 24
$-4.84
Q2 24
$-0.19
Q1 24
$-0.20

Balance Sheet & Financial Strength

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

Metric
BIAF
BIAF
MWYN
MWYN
Cash + ST InvestmentsLiquidity on hand
$6.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.3M
$2.3M
Total Assets
$11.0M
$11.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIAF
BIAF
MWYN
MWYN
Q4 25
$6.4M
Q3 25
$7.7M
Q2 25
$802.8K
Q1 25
$444.7K
$480
Q4 24
$1.1M
Q3 24
$756.6K
Q2 24
$801.3K
Q1 24
$2.5M
Stockholders' Equity
BIAF
BIAF
MWYN
MWYN
Q4 25
$7.3M
Q3 25
$8.9M
$2.3M
Q2 25
$-2.1M
Q1 25
$1.4M
$2.4M
Q4 24
$2.6M
Q3 24
$3.1M
Q2 24
$3.4M
Q1 24
$5.3M
Total Assets
BIAF
BIAF
MWYN
MWYN
Q4 25
$11.0M
Q3 25
$11.5M
$11.6M
Q2 25
$4.8M
Q1 25
$5.5M
$12.6M
Q4 24
$6.5M
Q3 24
$6.6M
Q2 24
$6.7M
Q1 24
$8.0M

Cash Flow & Capital Efficiency

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

Metric
BIAF
BIAF
MWYN
MWYN
Operating Cash FlowLast quarter
$-2.6M
$-95.1K
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.

Operating Cash Flow
BIAF
BIAF
MWYN
MWYN
Q4 25
$-2.6M
Q3 25
$-2.5M
$-95.1K
Q2 25
$-2.6M
Q1 25
$-1.6M
Q4 24
$-1.7M
Q3 24
$-1.7M
Q2 24
$-1.5M
Q1 24
$-2.3M
Free Cash Flow
BIAF
BIAF
MWYN
MWYN
Q4 25
$-2.6M
Q3 25
$-2.5M
Q2 25
$-2.7M
Q1 25
$-1.7M
Q4 24
$-1.7M
Q3 24
$-1.7M
Q2 24
$-1.6M
Q1 24
$-2.4M
FCF Margin
BIAF
BIAF
MWYN
MWYN
Q4 25
-160.7%
Q3 25
-171.8%
Q2 25
-209.6%
Q1 25
-91.3%
Q4 24
-76.0%
Q3 24
-73.1%
Q2 24
-65.1%
Q1 24
-99.2%
Capex Intensity
BIAF
BIAF
MWYN
MWYN
Q4 25
0.0%
Q3 25
0.3%
Q2 25
1.1%
Q1 25
2.7%
Q4 24
0.0%
Q3 24
0.4%
Q2 24
1.2%
Q1 24
1.7%

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIAF
BIAF

Segment breakdown not available.

MWYN
MWYN

Other$1.3M57%
Revenue From Recyclable Ewaste Materials Sales$1.0M43%

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