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Side-by-side financial comparison of Core AI Holdings, Inc. (CHAI) and NEXGEL, INC. (NXGL). 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 $2.8M, roughly 1.3× NEXGEL, INC.). NEXGEL, INC. runs the higher net margin — -34.7% vs -145.7%, a 111.0% 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.

NEXGEL, INC. is a specialty consumer healthcare and medical technology firm that develops, manufactures and distributes ultra-gentle, irritation-free hydrogel products. Its offerings span over-the-counter skincare remedies, wound care solutions, and topical drug delivery platforms, serving consumer, clinical and pharmaceutical partner segments primarily across North America, with growing global distribution channels.

CHAI vs NXGL — Head-to-Head

Bigger by revenue
CHAI
CHAI
1.3× larger
CHAI
$3.7M
$2.8M
NXGL
Higher net margin
NXGL
NXGL
111.0% more per $
NXGL
-34.7%
-145.7%
CHAI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
CHAI
CHAI
NXGL
NXGL
Revenue
$3.7M
$2.8M
Net Profit
$-5.4M
$-970.0K
Gross Margin
20.1%
29.3%
Operating Margin
-135.2%
-43.4%
Net Margin
-145.7%
-34.7%
Revenue YoY
-8.1%
Net Profit YoY
-14.1%
EPS (diluted)
$-1.74
$-0.12

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
NXGL
NXGL
Q4 25
$2.8M
Q3 25
$3.7M
$2.9M
Q2 25
$2.9M
Q1 25
$2.8M
Q4 24
$3.0M
Q3 24
$2.9M
Q2 24
$1.4M
Q1 24
$1.3M
Net Profit
CHAI
CHAI
NXGL
NXGL
Q4 25
$-970.0K
Q3 25
$-5.4M
$-653.0K
Q2 25
$-665.0K
Q1 25
$-712.0K
Q4 24
$-850.0K
Q3 24
$-693.0K
Q2 24
$-885.0K
Q1 24
$-853.0K
Gross Margin
CHAI
CHAI
NXGL
NXGL
Q4 25
29.3%
Q3 25
20.1%
42.4%
Q2 25
43.6%
Q1 25
42.3%
Q4 24
37.5%
Q3 24
39.3%
Q2 24
20.3%
Q1 24
12.6%
Operating Margin
CHAI
CHAI
NXGL
NXGL
Q4 25
-43.4%
Q3 25
-135.2%
-24.7%
Q2 25
-22.1%
Q1 25
-27.7%
Q4 24
-27.6%
Q3 24
-26.8%
Q2 24
-73.2%
Q1 24
-68.8%
Net Margin
CHAI
CHAI
NXGL
NXGL
Q4 25
-34.7%
Q3 25
-145.7%
-22.3%
Q2 25
-23.1%
Q1 25
-25.4%
Q4 24
-27.9%
Q3 24
-23.6%
Q2 24
-61.5%
Q1 24
-67.4%
EPS (diluted)
CHAI
CHAI
NXGL
NXGL
Q4 25
$-0.12
Q3 25
$-1.74
$-0.08
Q2 25
$-0.09
Q1 25
$-0.09
Q4 24
$-0.11
Q3 24
$-0.11
Q2 24
$-0.14
Q1 24
$-0.14

Balance Sheet & Financial Strength

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

Metric
CHAI
CHAI
NXGL
NXGL
Cash + ST InvestmentsLiquidity on hand
$3.5M
Total DebtLower is stronger
$588.0K
Stockholders' EquityBook value
$15.4M
$4.5M
Total Assets
$20.2M
$10.5M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHAI
CHAI
NXGL
NXGL
Q4 25
Q3 25
$3.5M
$938.0K
Q2 25
Q1 25
Q4 24
$1.8M
Q3 24
$1.1M
Q2 24
Q1 24
Total Debt
CHAI
CHAI
NXGL
NXGL
Q4 25
$588.0K
Q3 25
$614.0K
Q2 25
$638.0K
Q1 25
$662.0K
Q4 24
$685.0K
Q3 24
$709.0K
Q2 24
$732.0K
Q1 24
$750.0K
Stockholders' Equity
CHAI
CHAI
NXGL
NXGL
Q4 25
$4.5M
Q3 25
$15.4M
$5.2M
Q2 25
$4.7M
Q1 25
$5.2M
Q4 24
$5.8M
Q3 24
$4.7M
Q2 24
$4.2M
Q1 24
$4.8M
Total Assets
CHAI
CHAI
NXGL
NXGL
Q4 25
$10.5M
Q3 25
$20.2M
$11.6M
Q2 25
$9.7M
Q1 25
$10.4M
Q4 24
$11.0M
Q3 24
$10.6M
Q2 24
$9.8M
Q1 24
$10.4M
Debt / Equity
CHAI
CHAI
NXGL
NXGL
Q4 25
0.13×
Q3 25
0.12×
Q2 25
0.14×
Q1 25
0.13×
Q4 24
0.12×
Q3 24
0.15×
Q2 24
0.18×
Q1 24
0.16×

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
NXGL
NXGL
Operating Cash FlowLast quarter
$281.0K
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
NXGL
NXGL
Q4 25
$281.0K
Q3 25
$-785.0K
Q2 25
$-407.0K
Q1 25
$-400.0K
Q4 24
$-859.0K
Q3 24
$-1.2M
Q2 24
$-700.0K
Q1 24
$-1.1M
Free Cash Flow
CHAI
CHAI
NXGL
NXGL
Q4 25
Q3 25
$-793.0K
Q2 25
Q1 25
Q4 24
Q3 24
$-1.2M
Q2 24
$-909.0K
Q1 24
$-1.2M
FCF Margin
CHAI
CHAI
NXGL
NXGL
Q4 25
Q3 25
-27.0%
Q2 25
Q1 25
Q4 24
Q3 24
-41.8%
Q2 24
-63.1%
Q1 24
-98.3%
Capex Intensity
CHAI
CHAI
NXGL
NXGL
Q4 25
Q3 25
0.3%
Q2 25
Q1 25
Q4 24
Q3 24
0.4%
Q2 24
14.5%
Q1 24
12.0%

Financial Flow Comparison

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

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