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Side-by-side financial comparison of bioAffinity Technologies, Inc. (BIAF) and TIAN RUIXIANG HOLDINGS LTD (TIRX). Click either name above to swap in a different company.

TIAN RUIXIANG HOLDINGS LTD is the larger business by last-quarter revenue ($2.0M vs $1.6M, roughly 1.3× bioAffinity Technologies, Inc.). TIAN RUIXIANG HOLDINGS LTD runs the higher net margin — -12.3% vs -197.0%, a 184.6% gap on every dollar of revenue. On growth, bioAffinity Technologies, Inc. posted the faster year-over-year revenue change (-27.8% vs -35.8%). TIAN RUIXIANG HOLDINGS LTD produced more free cash flow last quarter ($263.1K vs $-2.6M).

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.

Tian Ruixiang Holdings Ltd is a China-based insurance intermediary service provider. It distributes various insurance products including property insurance, casualty insurance and life insurance from multiple partner insurance carriers, catering to both individual and corporate clients mainly across regional markets in mainland China.

BIAF vs TIRX — Head-to-Head

Bigger by revenue
TIRX
TIRX
1.3× larger
TIRX
$2.0M
$1.6M
BIAF
Growing faster (revenue YoY)
BIAF
BIAF
+7.9% gap
BIAF
-27.8%
-35.8%
TIRX
Higher net margin
TIRX
TIRX
184.6% more per $
TIRX
-12.3%
-197.0%
BIAF
More free cash flow
TIRX
TIRX
$2.8M more FCF
TIRX
$263.1K
$-2.6M
BIAF

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BIAF
BIAF
TIRX
TIRX
Revenue
$1.6M
$2.0M
Net Profit
$-3.1M
$-248.3K
Gross Margin
85.6%
Operating Margin
-196.9%
-6.7%
Net Margin
-197.0%
-12.3%
Revenue YoY
-27.8%
-35.8%
Net Profit YoY
-5.7%
-159.3%
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.

Revenue
BIAF
BIAF
TIRX
TIRX
Q4 25
$1.6M
Q3 25
$1.4M
Q2 25
$1.3M
$2.0M
Q1 25
$1.9M
Q4 24
$2.2M
Q3 24
$2.4M
Q2 24
$2.4M
$3.1M
Q1 24
$2.4M
Net Profit
BIAF
BIAF
TIRX
TIRX
Q4 25
$-3.1M
Q3 25
$-5.1M
Q2 25
$-4.1M
$-248.3K
Q1 25
$-2.7M
Q4 24
$-3.0M
Q3 24
$-2.0M
Q2 24
$-2.1M
$418.9K
Q1 24
$-2.0M
Gross Margin
BIAF
BIAF
TIRX
TIRX
Q4 25
Q3 25
Q2 25
85.6%
Q1 25
Q4 24
Q3 24
Q2 24
89.7%
Q1 24
Operating Margin
BIAF
BIAF
TIRX
TIRX
Q4 25
-196.9%
Q3 25
-158.6%
Q2 25
-198.2%
-6.7%
Q1 25
-141.7%
Q4 24
-133.5%
Q3 24
-84.0%
Q2 24
-87.1%
18.6%
Q1 24
-80.8%
Net Margin
BIAF
BIAF
TIRX
TIRX
Q4 25
-197.0%
Q3 25
-349.3%
Q2 25
-319.9%
-12.3%
Q1 25
-143.5%
Q4 24
-134.4%
Q3 24
-85.1%
Q2 24
-88.0%
13.4%
Q1 24
-81.5%
EPS (diluted)
BIAF
BIAF
TIRX
TIRX
Q4 25
$-3.59
Q3 25
$-4.74
Q2 25
$-0.17
$-0.02
Q1 25
$-0.16
Q4 24
$-17.27
Q3 24
$-4.84
Q2 24
$-0.19
$0.01
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
TIRX
TIRX
Cash + ST InvestmentsLiquidity on hand
$6.4M
$28.0M
Total DebtLower is stronger
$3.5M
Stockholders' EquityBook value
$7.3M
$-16.1M
Total Assets
$11.0M
$6.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIAF
BIAF
TIRX
TIRX
Q4 25
$6.4M
Q3 25
$7.7M
Q2 25
$802.8K
$28.0M
Q1 25
$444.7K
Q4 24
$1.1M
Q3 24
$756.6K
Q2 24
$801.3K
$27.5M
Q1 24
$2.5M
Total Debt
BIAF
BIAF
TIRX
TIRX
Q4 25
Q3 25
Q2 25
$3.5M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BIAF
BIAF
TIRX
TIRX
Q4 25
$7.3M
Q3 25
$8.9M
Q2 25
$-2.1M
$-16.1M
Q1 25
$1.4M
Q4 24
$2.6M
Q3 24
$3.1M
Q2 24
$3.4M
$32.3M
Q1 24
$5.3M
Total Assets
BIAF
BIAF
TIRX
TIRX
Q4 25
$11.0M
Q3 25
$11.5M
Q2 25
$4.8M
$6.0M
Q1 25
$5.5M
Q4 24
$6.5M
Q3 24
$6.6M
Q2 24
$6.7M
$38.0M
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
TIRX
TIRX
Operating Cash FlowLast quarter
$-2.6M
$263.7K
Free Cash FlowOCF − Capex
$-2.6M
$263.1K
FCF MarginFCF / Revenue
-160.7%
13.1%
Capex IntensityCapex / Revenue
0.0%
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
TIRX
TIRX
Q4 25
$-2.6M
Q3 25
$-2.5M
Q2 25
$-2.6M
$263.7K
Q1 25
$-1.6M
Q4 24
$-1.7M
Q3 24
$-1.7M
Q2 24
$-1.5M
$-646.8K
Q1 24
$-2.3M
Free Cash Flow
BIAF
BIAF
TIRX
TIRX
Q4 25
$-2.6M
Q3 25
$-2.5M
Q2 25
$-2.7M
$263.1K
Q1 25
$-1.7M
Q4 24
$-1.7M
Q3 24
$-1.7M
Q2 24
$-1.6M
Q1 24
$-2.4M
FCF Margin
BIAF
BIAF
TIRX
TIRX
Q4 25
-160.7%
Q3 25
-171.8%
Q2 25
-209.6%
13.1%
Q1 25
-91.3%
Q4 24
-76.0%
Q3 24
-73.1%
Q2 24
-65.1%
Q1 24
-99.2%
Capex Intensity
BIAF
BIAF
TIRX
TIRX
Q4 25
0.0%
Q3 25
0.3%
Q2 25
1.1%
0.0%
Q1 25
2.7%
Q4 24
0.0%
Q3 24
0.4%
Q2 24
1.2%
Q1 24
1.7%
Cash Conversion
BIAF
BIAF
TIRX
TIRX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-1.54×
Q1 24

Financial Flow Comparison

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

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