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

NEPHROS INC is the larger business by last-quarter revenue ($4.7M vs $3.7M, roughly 1.3× Core AI Holdings, Inc.). NEPHROS INC runs the higher net margin — 1.3% vs -145.7%, a 147.0% 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.

Nephros Inc is a medical technology company that develops and commercializes high-performance water purification systems, infection control products, and renal care solutions. Its offerings are primarily used by hospitals, dialysis clinics, and long-term care facilities across North America to reduce waterborne pathogen risks and improve patient outcomes.

CHAI vs NEPH — Head-to-Head

Bigger by revenue
NEPH
NEPH
1.3× larger
NEPH
$4.7M
$3.7M
CHAI
Higher net margin
NEPH
NEPH
147.0% more per $
NEPH
1.3%
-145.7%
CHAI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
CHAI
CHAI
NEPH
NEPH
Revenue
$3.7M
$4.7M
Net Profit
$-5.4M
$62.0K
Gross Margin
20.1%
58.4%
Operating Margin
-135.2%
0.4%
Net Margin
-145.7%
1.3%
Revenue YoY
22.2%
Net Profit YoY
-82.2%
EPS (diluted)
$-1.74
$0.01

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
NEPH
NEPH
Q4 25
$4.7M
Q3 25
$3.7M
$4.8M
Q2 25
$4.4M
Q1 25
$4.9M
Q4 24
$3.9M
Q3 24
$3.5M
Q2 24
$3.3M
Q1 24
$3.5M
Net Profit
CHAI
CHAI
NEPH
NEPH
Q4 25
$62.0K
Q3 25
$-5.4M
$337.0K
Q2 25
$237.0K
Q1 25
$558.0K
Q4 24
$349.0K
Q3 24
$183.0K
Q2 24
$-289.0K
Q1 24
$-169.0K
Gross Margin
CHAI
CHAI
NEPH
NEPH
Q4 25
58.4%
Q3 25
20.1%
61.2%
Q2 25
63.2%
Q1 25
64.7%
Q4 24
64.0%
Q3 24
61.1%
Q2 24
58.8%
Q1 24
62.1%
Operating Margin
CHAI
CHAI
NEPH
NEPH
Q4 25
0.4%
Q3 25
-135.2%
6.6%
Q2 25
5.6%
Q1 25
11.6%
Q4 24
8.2%
Q3 24
5.9%
Q2 24
-9.7%
Q1 24
-5.7%
Net Margin
CHAI
CHAI
NEPH
NEPH
Q4 25
1.3%
Q3 25
-145.7%
7.1%
Q2 25
5.4%
Q1 25
11.4%
Q4 24
9.0%
Q3 24
5.2%
Q2 24
-8.9%
Q1 24
-4.8%
EPS (diluted)
CHAI
CHAI
NEPH
NEPH
Q4 25
$0.01
Q3 25
$-1.74
$0.03
Q2 25
$0.02
Q1 25
$0.05
Q4 24
$0.04
Q3 24
$0.02
Q2 24
$-0.03
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
CHAI
CHAI
NEPH
NEPH
Cash + ST InvestmentsLiquidity on hand
$3.5M
$5.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.4M
$10.2M
Total Assets
$20.2M
$13.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHAI
CHAI
NEPH
NEPH
Q4 25
$5.4M
Q3 25
$3.5M
$5.2M
Q2 25
$5.1M
Q1 25
$4.1M
Q4 24
$3.8M
Q3 24
$2.5M
Q2 24
$3.1M
Q1 24
$3.6M
Stockholders' Equity
CHAI
CHAI
NEPH
NEPH
Q4 25
$10.2M
Q3 25
$15.4M
$10.0M
Q2 25
$9.6M
Q1 25
$9.3M
Q4 24
$8.6M
Q3 24
$8.2M
Q2 24
$7.9M
Q1 24
$8.2M
Total Assets
CHAI
CHAI
NEPH
NEPH
Q4 25
$13.6M
Q3 25
$20.2M
$13.2M
Q2 25
$12.2M
Q1 25
$11.8M
Q4 24
$11.2M
Q3 24
$10.4M
Q2 24
$11.1M
Q1 24
$11.4M

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
NEPH
NEPH
Operating Cash FlowLast quarter
$230.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.71×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHAI
CHAI
NEPH
NEPH
Q4 25
$230.0K
Q3 25
$99.0K
Q2 25
$994.0K
Q1 25
$322.0K
Q4 24
$1.3M
Q3 24
$-623.0K
Q2 24
$-501.0K
Q1 24
$-672.0K
Capex Intensity
CHAI
CHAI
NEPH
NEPH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
CHAI
CHAI
NEPH
NEPH
Q4 25
3.71×
Q3 25
0.29×
Q2 25
4.19×
Q1 25
0.58×
Q4 24
3.74×
Q3 24
-3.40×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHAI
CHAI

Segment breakdown not available.

NEPH
NEPH

Products$4.6M98%
Other$108.0K2%

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