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Side-by-side financial comparison of Core AI Holdings, Inc. (CHAI) and Northann Corp. (NCL). 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 $3.5M, roughly 1.0× Northann Corp.). Core AI Holdings, Inc. runs the higher net margin — -145.7% vs -248.2%, a 102.5% 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.

Northann Corp is a home furnishing enterprise specializing in the design, production and sales of home textile products, decorative accessories and related household goods. Its core markets cover North America, Western Europe and China, targeting mid-to-high end household consumer segments.

CHAI vs NCL — Head-to-Head

Bigger by revenue
CHAI
CHAI
1.0× larger
CHAI
$3.7M
$3.5M
NCL
Higher net margin
CHAI
CHAI
102.5% more per $
CHAI
-145.7%
-248.2%
NCL

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
CHAI
CHAI
NCL
NCL
Revenue
$3.7M
$3.5M
Net Profit
$-5.4M
$-8.8M
Gross Margin
20.1%
-40.6%
Operating Margin
-135.2%
-246.9%
Net Margin
-145.7%
-248.2%
Revenue YoY
38.6%
Net Profit YoY
-1872.0%
EPS (diluted)
$-1.74
$-0.07

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
NCL
NCL
Q3 25
$3.7M
$3.5M
Q2 25
$1.7M
Q1 25
$3.4M
Q4 24
$4.3M
Q3 24
$2.6M
Q2 24
$3.9M
Q1 24
$4.6M
Q3 23
$1.8M
$2.2M
Net Profit
CHAI
CHAI
NCL
NCL
Q3 25
$-5.4M
$-8.8M
Q2 25
$-2.3M
Q1 25
$-2.6M
Q4 24
$-3.9M
Q3 24
$496.6K
Q2 24
$-997.5K
Q1 24
$60.0K
Q3 23
$-1.9M
$-2.9M
Gross Margin
CHAI
CHAI
NCL
NCL
Q3 25
20.1%
-40.6%
Q2 25
-53.6%
Q1 25
11.4%
Q4 24
-2.2%
Q3 24
63.7%
Q2 24
23.2%
Q1 24
33.6%
Q3 23
26.6%
-58.5%
Operating Margin
CHAI
CHAI
NCL
NCL
Q3 25
-135.2%
-246.9%
Q2 25
-128.6%
Q1 25
-74.9%
Q4 24
-32.2%
Q3 24
21.6%
Q2 24
-30.0%
Q1 24
7.1%
Q3 23
-120.8%
-88.4%
Net Margin
CHAI
CHAI
NCL
NCL
Q3 25
-145.7%
-248.2%
Q2 25
-132.5%
Q1 25
-76.5%
Q4 24
-91.4%
Q3 24
19.4%
Q2 24
-25.6%
Q1 24
1.3%
Q3 23
-100.7%
-135.2%
EPS (diluted)
CHAI
CHAI
NCL
NCL
Q3 25
$-1.74
$-0.07
Q2 25
$-0.02
Q1 25
$-0.03
Q4 24
$-0.16
Q3 24
$0.02
Q2 24
$-0.04
Q1 24
$0.01
Q3 23
$-1.04
$-0.15

Balance Sheet & Financial Strength

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

Metric
CHAI
CHAI
NCL
NCL
Cash + ST InvestmentsLiquidity on hand
$3.5M
$40.9K
Total DebtLower is stronger
Stockholders' EquityBook value
$15.4M
$1.8M
Total Assets
$20.2M
$15.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHAI
CHAI
NCL
NCL
Q3 25
$3.5M
$40.9K
Q2 25
$1.1M
Q1 25
Q4 24
$245.2K
Q3 24
Q2 24
Q1 24
Q3 23
$366.2K
Stockholders' Equity
CHAI
CHAI
NCL
NCL
Q3 25
$15.4M
$1.8M
Q2 25
$4.4M
Q1 25
$3.9M
Q4 24
$2.6M
Q3 24
$1.4M
Q2 24
$969.0K
Q1 24
$712.3K
Q3 23
$12.3M
$-1.8M
Total Assets
CHAI
CHAI
NCL
NCL
Q3 25
$20.2M
$15.0M
Q2 25
$16.5M
Q1 25
$16.5M
Q4 24
$13.9M
Q3 24
$14.6M
Q2 24
$13.1M
Q1 24
$13.2M
Q3 23
$16.2M
$15.2M

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
NCL
NCL
Operating Cash FlowLast quarter
$-15.6K
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
NCL
NCL
Q3 25
$-15.6K
Q2 25
$-2.8M
Q1 25
$-1.0M
Q4 24
$-1.6M
Q3 24
$169.7K
Q2 24
$-122.2K
Q1 24
$297.9K
Q3 23
$-2.7M
Cash Conversion
CHAI
CHAI
NCL
NCL
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.34×
Q2 24
Q1 24
4.96×
Q3 23

Financial Flow Comparison

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

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