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Side-by-side financial comparison of Core AI Holdings, Inc. (CHAI) and MESOBLAST LTD (MESO). Click either name above to swap in a different company.

Core AI Holdings, Inc. is the larger business by last-quarter revenue ($3.7M vs $1.9M, roughly 1.9× MESOBLAST LTD). Core AI Holdings, Inc. runs the higher net margin — -145.7% vs -959.3%, a 813.6% gap on every dollar of revenue.

Inflection AI, Inc. is an American technology company which has developed machine learning and generative artificial intelligence hardware and apps, founded in 2022. The company is structured as a public benefit corporation and is headquartered in Palo Alto, California.

Mesoblast Limited is an Australian regenerative medicine company. It seeks to provide treatments for inflammatory ailments, cardiovascular disease, and back pain. The company is led by Silviu Itescu, who founded the company in 2004.

CHAI vs MESO — Head-to-Head

Bigger by revenue
CHAI
CHAI
1.9× larger
CHAI
$3.7M
$1.9M
MESO
Higher net margin
CHAI
CHAI
813.6% more per $
CHAI
-145.7%
-959.3%
MESO

Income Statement — Q3 FY2025 vs Q3 FY2023

Metric
CHAI
CHAI
MESO
MESO
Revenue
$3.7M
$1.9M
Net Profit
$-5.4M
$-18.6M
Gross Margin
20.1%
Operating Margin
-135.2%
Net Margin
-145.7%
-959.3%
Revenue YoY
-3.6%
Net Profit YoY
12.7%
EPS (diluted)
$-1.74
$-0.03

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
CHAI
CHAI
MESO
MESO
Q3 25
$3.7M
Q3 23
$1.8M
Q2 23
$2.7M
Q1 23
$1.8M
$1.9M
Q4 22
$2.1M
Q3 22
$2.6M
$1.5M
Q2 22
$969.5K
Q1 22
$2.0M
Net Profit
CHAI
CHAI
MESO
MESO
Q3 25
$-5.4M
Q3 23
$-1.9M
Q2 23
$-2.3M
Q1 23
$-4.9M
$-18.6M
Q4 22
$-24.5M
Q3 22
$-527.9K
$-16.9M
Q2 22
$-4.3M
Q1 22
$-21.3M
Gross Margin
CHAI
CHAI
MESO
MESO
Q3 25
20.1%
Q3 23
26.6%
Q2 23
29.7%
Q1 23
27.5%
Q4 22
Q3 22
33.3%
Q2 22
11.2%
Q1 22
Operating Margin
CHAI
CHAI
MESO
MESO
Q3 25
-135.2%
Q3 23
-120.8%
Q2 23
-99.3%
Q1 23
-147.9%
Q4 22
Q3 22
-96.2%
Q2 22
-496.9%
Q1 22
Net Margin
CHAI
CHAI
MESO
MESO
Q3 25
-145.7%
Q3 23
-100.7%
Q2 23
-86.1%
Q1 23
-270.6%
-959.3%
Q4 22
-1147.4%
Q3 22
-20.6%
-1123.4%
Q2 22
-443.9%
Q1 22
-1059.3%
EPS (diluted)
CHAI
CHAI
MESO
MESO
Q3 25
$-1.74
Q3 23
$-1.04
Q2 23
Q1 23
$-0.08
$-0.03
Q4 22
$-0.03
Q3 22
$-3.19
$-0.02
Q2 22
$-0.29
Q1 22
$-0.03

Balance Sheet & Financial Strength

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

Metric
CHAI
CHAI
MESO
MESO
Cash + ST InvestmentsLiquidity on hand
$3.5M
$48.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.4M
$482.2M
Total Assets
$20.2M
$650.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHAI
CHAI
MESO
MESO
Q3 25
$3.5M
Q3 23
$366.2K
Q2 23
Q1 23
$1.2M
$48.8M
Q4 22
$67.6M
Q3 22
$988.6K
$85.5M
Q2 22
Q1 22
$76.8M
Stockholders' Equity
CHAI
CHAI
MESO
MESO
Q3 25
$15.4M
Q3 23
$12.3M
Q2 23
$12.0M
Q1 23
$12.3M
$482.2M
Q4 22
$500.0M
Q3 22
$11.8M
$522.8M
Q2 22
$10.4M
Q1 22
$517.1M
Total Assets
CHAI
CHAI
MESO
MESO
Q3 25
$20.2M
Q3 23
$16.2M
Q2 23
$16.6M
Q1 23
$15.8M
$650.4M
Q4 22
$668.1M
Q3 22
$684.5M
Q2 22
$18.6M
Q1 22
$681.7M

Cash Flow & Capital Efficiency

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

Metric
CHAI
CHAI
MESO
MESO
Operating Cash FlowLast quarter
$-16.3M
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
CHAI
CHAI
MESO
MESO
Q3 25
Q3 23
$-2.7M
Q2 23
$-1.1M
Q1 23
$-3.1M
$-16.3M
Q4 22
$-16.5M
Q3 22
$-2.1M
$-14.3M
Q2 22
Q1 22
$-15.5M

Financial Flow Comparison

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

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