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Side-by-side financial comparison of BeyondSpring Inc. (BYSI) and HeartSciences Inc. (HSCS). Click either name above to swap in a different company.

Spring was a software company founded by Rod Johnson, who also created the Spring Framework, an open-source application framework for enterprise Java applications. VMware purchased Spring for $420 million in August 2009.

Meril Life Sciences is an Indian multinational medical device company, with headquarters in Vapi, Gujarat, India. It was founded in 2006 and is a part of the Bilakhia Group. The company is engaged in the manufacturing of vascular intervention devices, orthopedic implants, robotics, endosurgery, ENT products and in-vitro diagnostics. Meril Life Sciences operates in over 150 countries and has employed 10000 people, as of 2024.

BYSI vs HSCS — Head-to-Head

Bigger by revenue
HSCS
HSCS
Infinity× larger
HSCS
$2.4K
$0
BYSI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BYSI
BYSI
HSCS
HSCS
Revenue
$0
$2.4K
Net Profit
$-2.1M
$-2.4M
Gross Margin
58.3%
Operating Margin
-85713.2%
Net Margin
-97179.4%
Revenue YoY
Net Profit YoY
-12.9%
EPS (diluted)
$-0.85

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
BYSI
BYSI
HSCS
HSCS
Q4 25
$0
$2.4K
Q3 25
$0
$1.9K
Q2 25
$0
Q1 25
$0
$0
Q2 24
$0
Q1 24
$14.7K
Q4 23
$3.9K
Q2 23
$0
Net Profit
BYSI
BYSI
HSCS
HSCS
Q4 25
$-2.1M
$-2.4M
Q3 25
$-1.5M
$-2.1M
Q2 25
$-1.8M
Q1 25
$4.5M
$-2.5M
Q2 24
$-4.0M
Q1 24
$-1.6M
Q4 23
$-1.7M
Q2 23
$-1.6M
Gross Margin
BYSI
BYSI
HSCS
HSCS
Q4 25
58.3%
Q3 25
60.0%
Q2 25
Q1 25
Q2 24
Q1 24
69.0%
Q4 23
61.0%
Q2 23
Operating Margin
BYSI
BYSI
HSCS
HSCS
Q4 25
-85713.2%
Q3 25
-98637.8%
Q2 25
Q1 25
Q2 24
Q1 24
-10376.7%
Q4 23
-40254.9%
Q2 23
Net Margin
BYSI
BYSI
HSCS
HSCS
Q4 25
-97179.4%
Q3 25
-108157.6%
Q2 25
Q1 25
Q2 24
Q1 24
-11182.4%
Q4 23
-44830.2%
Q2 23
EPS (diluted)
BYSI
BYSI
HSCS
HSCS
Q4 25
$-0.85
Q3 25
$0.16
$-1.58
Q2 25
$-0.10
Q1 25
$-2.57
Q2 24
$-0.04
Q1 24
$-3.01
Q4 23
$-15.92
Q2 23
$-79.34

Balance Sheet & Financial Strength

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

Metric
BYSI
BYSI
HSCS
HSCS
Cash + ST InvestmentsLiquidity on hand
$12.6M
$2.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-32.2M
$4.2M
Total Assets
$25.9M
$6.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BYSI
BYSI
HSCS
HSCS
Q4 25
$12.6M
$2.0M
Q3 25
$12.6M
$2.8M
Q2 25
$9.5M
Q1 25
$8.5M
$2.6M
Q2 24
$14.4M
Q1 24
$7.1M
Q4 23
$100.1K
Q2 23
$1.7M
Stockholders' Equity
BYSI
BYSI
HSCS
HSCS
Q4 25
$-32.2M
$4.2M
Q3 25
$-31.8M
$3.1M
Q2 25
$-30.2M
Q1 25
$-28.3M
$1.8M
Q2 24
$-30.2M
Q1 24
$8.6M
Q4 23
$-1.6M
Q2 23
$230.6K
Total Assets
BYSI
BYSI
HSCS
HSCS
Q4 25
$25.9M
$6.0M
Q3 25
$29.5M
$6.4M
Q2 25
$31.0M
Q1 25
$37.1M
$5.7M
Q2 24
$20.9M
Q1 24
$10.8M
Q4 23
$2.4M
Q2 23
$3.3M

Cash Flow & Capital Efficiency

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

Metric
BYSI
BYSI
HSCS
HSCS
Operating Cash FlowLast quarter
$-5.5M
$-2.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BYSI
BYSI
HSCS
HSCS
Q4 25
$-5.5M
$-2.3M
Q3 25
$-4.2M
$-2.0M
Q2 25
$-5.9M
Q1 25
$-4.2M
$-1.6M
Q2 24
Q1 24
$-2.1M
Q4 23
$-988.2K
Q2 23
$-1.9M
Free Cash Flow
BYSI
BYSI
HSCS
HSCS
Q4 25
Q3 25
Q2 25
Q1 25
$-4.2M
Q2 24
Q1 24
$-2.1M
Q4 23
$-990.1K
Q2 23
$-1.9M
FCF Margin
BYSI
BYSI
HSCS
HSCS
Q4 25
Q3 25
Q2 25
Q1 25
Q2 24
Q1 24
-14352.1%
Q4 23
-25388.2%
Q2 23
Capex Intensity
BYSI
BYSI
HSCS
HSCS
Q4 25
Q3 25
Q2 25
Q1 25
Q2 24
Q1 24
59.8%
Q4 23
50.1%
Q2 23
Cash Conversion
BYSI
BYSI
HSCS
HSCS
Q4 25
Q3 25
Q2 25
Q1 25
-0.94×
Q2 24
Q1 24
Q4 23
Q2 23

Financial Flow Comparison

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

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