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Side-by-side financial comparison of Core AI Holdings, Inc. (CHAI) and Beyond Air, Inc. (XAIR). 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 $2.2M, roughly 1.7× Beyond Air, Inc.). Core AI Holdings, Inc. runs the higher net margin — -145.7% vs -334.4%, a 188.7% 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.

Delta Air Lines, Inc. is a major airline in the United States headquartered in Atlanta, Georgia, operating nine hubs, with Hartsfield–Jackson Atlanta International Airport being its largest in terms of total passengers and number of departures. With its regional subsidiaries and contractors operating under the brand name Delta Connection, Delta has over 5,400 flights daily and serves 325 destinations in 52 countries on six continents.

CHAI vs XAIR — Head-to-Head

Bigger by revenue
CHAI
CHAI
1.7× larger
CHAI
$3.7M
$2.2M
XAIR
Higher net margin
CHAI
CHAI
188.7% more per $
CHAI
-145.7%
-334.4%
XAIR

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
CHAI
CHAI
XAIR
XAIR
Revenue
$3.7M
$2.2M
Net Profit
$-5.4M
$-7.3M
Gross Margin
20.1%
13.7%
Operating Margin
-135.2%
-300.6%
Net Margin
-145.7%
-334.4%
Revenue YoY
104.7%
Net Profit YoY
43.7%
EPS (diluted)
$-1.74
$-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
CHAI
CHAI
XAIR
XAIR
Q4 25
$2.2M
Q3 25
$3.7M
$1.8M
Q2 25
$1.8M
Q1 25
$1.2M
Q4 24
$1.1M
Q3 24
$798.0K
Q2 24
$683.0K
Q1 24
$470.0K
Net Profit
CHAI
CHAI
XAIR
XAIR
Q4 25
$-7.3M
Q3 25
$-5.4M
$-7.9M
Q2 25
$-7.7M
Q1 25
$-8.0M
Q4 24
$-13.0M
Q3 24
$-13.4M
Q2 24
$-12.2M
Q1 24
$-13.7M
Gross Margin
CHAI
CHAI
XAIR
XAIR
Q4 25
13.7%
Q3 25
20.1%
-16.4%
Q2 25
8.9%
Q1 25
-2.8%
Q4 24
-20.1%
Q3 24
-135.8%
Q2 24
-48.6%
Q1 24
-109.4%
Operating Margin
CHAI
CHAI
XAIR
XAIR
Q4 25
-300.6%
Q3 25
-135.2%
-421.4%
Q2 25
-432.8%
Q1 25
-622.6%
Q4 24
-1021.6%
Q3 24
-1608.1%
Q2 24
-1988.3%
Q1 24
-2687.9%
Net Margin
CHAI
CHAI
XAIR
XAIR
Q4 25
-334.4%
Q3 25
-145.7%
-436.7%
Q2 25
-437.0%
Q1 25
-697.4%
Q4 24
-1215.7%
Q3 24
-1673.9%
Q2 24
-1786.4%
Q1 24
-2916.4%
EPS (diluted)
CHAI
CHAI
XAIR
XAIR
Q4 25
$-0.85
Q3 25
$-1.74
$-1.25
Q2 25
$-1.53
Q1 25
$13.26
Q4 24
$-2.96
Q3 24
$-5.67
Q2 24
$-5.32
Q1 24
$-0.36

Balance Sheet & Financial Strength

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

Metric
CHAI
CHAI
XAIR
XAIR
Cash + ST InvestmentsLiquidity on hand
$3.5M
$11.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.4M
$8.1M
Total Assets
$20.2M
$36.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHAI
CHAI
XAIR
XAIR
Q4 25
$11.7M
Q3 25
$3.5M
$10.7M
Q2 25
$6.5M
Q1 25
$6.9M
Q4 24
$10.9M
Q3 24
$28.4M
Q2 24
$21.4M
Q1 24
$34.5M
Total Debt
CHAI
CHAI
XAIR
XAIR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$11.8M
Q3 24
$12.5M
Q2 24
$17.5M
Q1 24
$17.5M
Stockholders' Equity
CHAI
CHAI
XAIR
XAIR
Q4 25
$8.1M
Q3 25
$15.4M
$12.7M
Q2 25
$9.9M
Q1 25
$13.6M
Q4 24
$17.6M
Q3 24
$28.1M
Q2 24
$16.1M
Q1 24
$25.0M
Total Assets
CHAI
CHAI
XAIR
XAIR
Q4 25
$36.8M
Q3 25
$20.2M
$31.0M
Q2 25
$28.1M
Q1 25
$30.1M
Q4 24
$34.1M
Q3 24
$53.0M
Q2 24
$46.5M
Q1 24
$57.0M
Debt / Equity
CHAI
CHAI
XAIR
XAIR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.67×
Q3 24
0.44×
Q2 24
1.08×
Q1 24
0.70×

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
XAIR
XAIR
Operating Cash FlowLast quarter
$-4.2M
Free Cash FlowOCF − Capex
$-4.3M
FCF MarginFCF / Revenue
-193.8%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-22.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHAI
CHAI
XAIR
XAIR
Q4 25
$-4.2M
Q3 25
$-4.5M
Q2 25
$-4.5M
Q1 25
$-7.0M
Q4 24
$-7.7M
Q3 24
$-13.3M
Q2 24
$-10.2M
Q1 24
$-10.7M
Free Cash Flow
CHAI
CHAI
XAIR
XAIR
Q4 25
$-4.3M
Q3 25
$-4.7M
Q2 25
$-4.7M
Q1 25
$-8.5M
Q4 24
$-8.3M
Q3 24
$-14.5M
Q2 24
$-12.9M
Q1 24
$-12.7M
FCF Margin
CHAI
CHAI
XAIR
XAIR
Q4 25
-193.8%
Q3 25
-258.5%
Q2 25
-268.4%
Q1 25
-733.9%
Q4 24
-771.5%
Q3 24
-1819.9%
Q2 24
-1881.8%
Q1 24
-2692.8%
Capex Intensity
CHAI
CHAI
XAIR
XAIR
Q4 25
1.5%
Q3 25
13.5%
Q2 25
11.3%
Q1 25
130.0%
Q4 24
50.1%
Q3 24
147.2%
Q2 24
391.4%
Q1 24
410.9%

Financial Flow Comparison

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

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