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Side-by-side financial comparison of Cytek Biosciences, Inc. (CTKB) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.
Smart Sand, Inc. is the larger business by last-quarter revenue ($86.0M vs $62.1M, roughly 1.4× Cytek Biosciences, Inc.). Smart Sand, Inc. runs the higher net margin — 1.4% vs -70.9%, a 72.3% gap on every dollar of revenue. On growth, Cytek Biosciences, Inc. posted the faster year-over-year revenue change (8.1% vs -5.8%). Smart Sand, Inc. produced more free cash flow last quarter ($20.4M vs $-1.8M). Over the past eight quarters, Cytek Biosciences, Inc.'s revenue compounded faster (17.7% CAGR vs 1.8%).
Cytek Biosciences, Inc. develops, manufactures and sells high-performance flow cytometry systems, associated reagents and analysis software. Its solutions serve life science research, clinical diagnostics and biopharmaceutical sectors, with a global customer base across North America, Europe and the Asia-Pacific region.
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
CTKB vs SND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.1M | $86.0M |
| Net Profit | $-44.1M | $1.2M |
| Gross Margin | 52.9% | 13.0% |
| Operating Margin | -9.0% | -3.1% |
| Net Margin | -70.9% | 1.4% |
| Revenue YoY | 8.1% | -5.8% |
| Net Profit YoY | -557.1% | -68.5% |
| EPS (diluted) | — | $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.
| Q4 25 | $62.1M | $86.0M | ||
| Q3 25 | $52.3M | $92.8M | ||
| Q2 25 | $45.6M | $85.8M | ||
| Q1 25 | $41.5M | $65.6M | ||
| Q4 24 | $57.5M | $91.4M | ||
| Q3 24 | $51.5M | $63.2M | ||
| Q2 24 | $46.6M | $73.8M | ||
| Q1 24 | $44.9M | $83.1M |
| Q4 25 | $-44.1M | $1.2M | ||
| Q3 25 | $-5.5M | $3.0M | ||
| Q2 25 | $-5.6M | $21.4M | ||
| Q1 25 | $-11.4M | $-24.2M | ||
| Q4 24 | $9.6M | $3.7M | ||
| Q3 24 | $941.0K | $-98.0K | ||
| Q2 24 | $-10.4M | $-430.0K | ||
| Q1 24 | $-6.2M | $-216.0K |
| Q4 25 | 52.9% | 13.0% | ||
| Q3 25 | 52.7% | 16.1% | ||
| Q2 25 | 52.3% | 10.4% | ||
| Q1 25 | 48.6% | 4.2% | ||
| Q4 24 | 58.5% | 14.7% | ||
| Q3 24 | 56.3% | 10.3% | ||
| Q2 24 | 54.6% | 17.7% | ||
| Q1 24 | 51.3% | 14.2% |
| Q4 25 | -9.0% | -3.1% | ||
| Q3 25 | -17.6% | 5.8% | ||
| Q2 25 | -23.3% | -0.1% | ||
| Q1 25 | -36.1% | -10.8% | ||
| Q4 24 | 5.2% | 3.9% | ||
| Q3 24 | -8.2% | -7.8% | ||
| Q2 24 | -18.3% | 4.8% | ||
| Q1 24 | -23.9% | 0.9% |
| Q4 25 | -70.9% | 1.4% | ||
| Q3 25 | -10.5% | 3.2% | ||
| Q2 25 | -12.2% | 24.9% | ||
| Q1 25 | -27.5% | -37.0% | ||
| Q4 24 | 16.8% | 4.1% | ||
| Q3 24 | 1.8% | -0.2% | ||
| Q2 24 | -22.4% | -0.6% | ||
| Q1 24 | -13.8% | -0.3% |
| Q4 25 | — | $0.03 | ||
| Q3 25 | — | $0.08 | ||
| Q2 25 | — | $0.54 | ||
| Q1 25 | — | $-0.62 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | — | $0.00 | ||
| Q2 24 | — | $-0.01 | ||
| Q1 24 | — | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $90.9M | $22.6M |
| Total DebtLower is stronger | — | $15.0M |
| Stockholders' EquityBook value | $341.7M | $239.7M |
| Total Assets | $461.5M | $340.0M |
| Debt / EquityLower = less leverage | — | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $90.9M | $22.6M | ||
| Q3 25 | $93.3M | $5.1M | ||
| Q2 25 | $75.5M | $4.3M | ||
| Q1 25 | $95.3M | $5.1M | ||
| Q4 24 | $98.7M | $1.6M | ||
| Q3 24 | $162.3M | $7.2M | ||
| Q2 24 | $177.9M | $6.3M | ||
| Q1 24 | $168.8M | $4.6M |
| Q4 25 | — | $15.0M | ||
| Q3 25 | — | $14.3M | ||
| Q2 25 | — | $23.5M | ||
| Q1 25 | — | $13.7M | ||
| Q4 24 | — | $14.7M | ||
| Q3 24 | — | $15.7M | ||
| Q2 24 | — | $17.1M | ||
| Q1 24 | — | $25.5M |
| Q4 25 | $341.7M | $239.7M | ||
| Q3 25 | $378.6M | $239.9M | ||
| Q2 25 | $377.6M | $240.5M | ||
| Q1 25 | $379.6M | $219.9M | ||
| Q4 24 | $395.7M | $243.8M | ||
| Q3 24 | $385.5M | $243.6M | ||
| Q2 24 | $389.1M | $242.9M | ||
| Q1 24 | $392.6M | $242.5M |
| Q4 25 | $461.5M | $340.0M | ||
| Q3 25 | $494.9M | $343.1M | ||
| Q2 25 | $493.3M | $345.8M | ||
| Q1 25 | $482.6M | $326.9M | ||
| Q4 24 | $499.5M | $341.5M | ||
| Q3 24 | $491.2M | $335.8M | ||
| Q2 24 | $483.7M | $341.8M | ||
| Q1 24 | $492.1M | $349.3M |
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.06× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.11× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-771.0K | $22.4M |
| Free Cash FlowOCF − Capex | $-1.8M | $20.4M |
| FCF MarginFCF / Revenue | -2.9% | 23.7% |
| Capex IntensityCapex / Revenue | 1.6% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-8.8M | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-771.0K | $22.4M | ||
| Q3 25 | $-3.9M | $18.2M | ||
| Q2 25 | $108.0K | $-5.1M | ||
| Q1 25 | $-125.0K | $8.7M | ||
| Q4 24 | $2.0M | $1.0M | ||
| Q3 24 | $13.2M | $5.8M | ||
| Q2 24 | $6.2M | $14.9M | ||
| Q1 24 | $4.0M | $-3.9M |
| Q4 25 | $-1.8M | $20.4M | ||
| Q3 25 | $-4.6M | $14.8M | ||
| Q2 25 | $-1.5M | $-7.8M | ||
| Q1 25 | $-974.0K | $5.2M | ||
| Q4 24 | $1.1M | $-840.0K | ||
| Q3 24 | $12.2M | $3.7M | ||
| Q2 24 | $5.2M | $13.5M | ||
| Q1 24 | $3.4M | $-5.5M |
| Q4 25 | -2.9% | 23.7% | ||
| Q3 25 | -8.7% | 15.9% | ||
| Q2 25 | -3.2% | -9.1% | ||
| Q1 25 | -2.3% | 7.9% | ||
| Q4 24 | 1.9% | -0.9% | ||
| Q3 24 | 23.7% | 5.8% | ||
| Q2 24 | 11.0% | 18.3% | ||
| Q1 24 | 7.6% | -6.6% |
| Q4 25 | 1.6% | 2.3% | ||
| Q3 25 | 1.3% | 3.6% | ||
| Q2 25 | 3.5% | 3.1% | ||
| Q1 25 | 2.0% | 5.4% | ||
| Q4 24 | 1.6% | 2.1% | ||
| Q3 24 | 2.0% | 3.4% | ||
| Q2 24 | 2.3% | 1.8% | ||
| Q1 24 | 1.3% | 2.0% |
| Q4 25 | — | 18.99× | ||
| Q3 25 | — | 6.05× | ||
| Q2 25 | — | -0.24× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | 0.28× | ||
| Q3 24 | 14.05× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTKB
| Products | $46.6M | 75% |
| Services | $15.5M | 25% |
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
