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Side-by-side financial comparison of CytomX Therapeutics, Inc. (CTMX) and Ispire Technology Inc. (ISPR). Click either name above to swap in a different company.

Ispire Technology Inc. is the larger business by last-quarter revenue ($20.3M vs $18.7M, roughly 1.1× CytomX Therapeutics, Inc.). CytomX Therapeutics, Inc. runs the higher net margin — -0.8% vs -32.5%, a 31.7% gap on every dollar of revenue. On growth, CytomX Therapeutics, Inc. posted the faster year-over-year revenue change (-25.7% vs -51.5%). Ispire Technology Inc. produced more free cash flow last quarter ($-4.0M vs $-15.8M). Over the past eight quarters, CytomX Therapeutics, Inc.'s revenue compounded faster (-15.9% CAGR vs -17.8%).

CytomX Therapeutics is a clinical-stage biotechnology company specializing in innovative cancer immunotherapies. It leverages its proprietary Probody technology platform to develop targeted therapies that activate exclusively in tumor microenvironments, minimizing off-target toxicities, with a pipeline covering multiple solid tumor indications and partnerships with leading global pharmaceutical firms.

Ispire Technology Inc. is a global tech firm specializing in R&D, manufacturing and sales of advanced vaporization hardware and supporting consumables. It serves nicotine and legal cannabis consumer markets, operates two core segments of hardware and branded cannabis products, covers North America, Europe and Asia-Pacific, delivering compliant innovative vapor solutions for B2B partners and end users.

CTMX vs ISPR — Head-to-Head

Bigger by revenue
ISPR
ISPR
1.1× larger
ISPR
$20.3M
$18.7M
CTMX
Growing faster (revenue YoY)
CTMX
CTMX
+25.8% gap
CTMX
-25.7%
-51.5%
ISPR
Higher net margin
CTMX
CTMX
31.7% more per $
CTMX
-0.8%
-32.5%
ISPR
More free cash flow
ISPR
ISPR
$11.7M more FCF
ISPR
$-4.0M
$-15.8M
CTMX
Faster 2-yr revenue CAGR
CTMX
CTMX
Annualised
CTMX
-15.9%
-17.8%
ISPR

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
CTMX
CTMX
ISPR
ISPR
Revenue
$18.7M
$20.3M
Net Profit
$-154.0K
$-6.6M
Gross Margin
17.1%
Operating Margin
-6.9%
-33.9%
Net Margin
-0.8%
-32.5%
Revenue YoY
-25.7%
-51.5%
Net Profit YoY
97.6%
17.4%
EPS (diluted)
$-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
CTMX
CTMX
ISPR
ISPR
Q4 25
$20.3M
Q3 25
$30.4M
Q2 25
$18.7M
$20.1M
Q1 25
$50.9M
$26.2M
Q4 24
$38.1M
$41.8M
Q3 24
$33.4M
$39.3M
Q2 24
$25.1M
$37.3M
Q1 24
$41.5M
$30.0M
Net Profit
CTMX
CTMX
ISPR
ISPR
Q4 25
$-6.6M
Q3 25
$-3.3M
Q2 25
$-154.0K
$-14.8M
Q1 25
$23.5M
$-10.9M
Q4 24
$18.9M
$-8.0M
Q3 24
$5.7M
$-5.6M
Q2 24
$-6.5M
$-3.5M
Q1 24
$13.8M
$-5.9M
Gross Margin
CTMX
CTMX
ISPR
ISPR
Q4 25
17.1%
Q3 25
17.0%
Q2 25
12.3%
Q1 25
18.2%
Q4 24
18.5%
Q3 24
19.5%
Q2 24
28.3%
Q1 24
20.4%
Operating Margin
CTMX
CTMX
ISPR
ISPR
Q4 25
-33.9%
Q3 25
-8.9%
Q2 25
-6.9%
-72.7%
Q1 25
44.4%
-40.4%
Q4 24
46.4%
-17.6%
Q3 24
12.3%
-13.4%
Q2 24
-33.7%
-9.2%
Q1 24
28.1%
-18.8%
Net Margin
CTMX
CTMX
ISPR
ISPR
Q4 25
-32.5%
Q3 25
-10.7%
Q2 25
-0.8%
-73.4%
Q1 25
46.2%
-41.5%
Q4 24
49.6%
-19.1%
Q3 24
17.2%
-14.2%
Q2 24
-26.0%
-9.4%
Q1 24
33.3%
-19.7%
EPS (diluted)
CTMX
CTMX
ISPR
ISPR
Q4 25
$-0.12
Q3 25
$-0.06
Q2 25
$-0.26
Q1 25
$-0.19
Q4 24
$-0.14
Q3 24
$-0.10
Q2 24
$-0.07
Q1 24
$-0.11

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
ISPR
ISPR
Cash + ST InvestmentsLiquidity on hand
$49.0M
$17.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$119.9M
$-7.7M
Total Assets
$175.1M
$84.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
ISPR
ISPR
Q4 25
$17.6M
Q3 25
$22.7M
Q2 25
$49.0M
$24.4M
Q1 25
$47.6M
$23.5M
Q4 24
$38.1M
$34.4M
Q3 24
$40.6M
$37.7M
Q2 24
$43.2M
$35.1M
Q1 24
$36.2M
$39.5M
Stockholders' Equity
CTMX
CTMX
ISPR
ISPR
Q4 25
$-7.7M
Q3 25
$-1.8M
Q2 25
$119.9M
$604.7K
Q1 25
$25.0M
$14.8M
Q4 24
$-456.0K
$24.2M
Q3 24
$-23.5M
$30.7M
Q2 24
$-31.2M
$34.5M
Q1 24
$-31.7M
$35.9M
Total Assets
CTMX
CTMX
ISPR
ISPR
Q4 25
$84.4M
Q3 25
$96.4M
Q2 25
$175.1M
$102.2M
Q1 25
$98.5M
$115.7M
Q4 24
$120.5M
$132.0M
Q3 24
$139.0M
$129.0M
Q2 24
$159.2M
$122.6M
Q1 24
$184.7M
$108.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CTMX
CTMX
ISPR
ISPR
Operating Cash FlowLast quarter
$-15.8M
$-4.0M
Free Cash FlowOCF − Capex
$-15.8M
$-4.0M
FCF MarginFCF / Revenue
-84.6%
-19.9%
Capex IntensityCapex / Revenue
0.1%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-77.7M
$-14.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTMX
CTMX
ISPR
ISPR
Q4 25
$-4.0M
Q3 25
$-1.2M
Q2 25
$-15.8M
$4.7M
Q1 25
$-21.0M
$-12.5M
Q4 24
$-19.9M
$-3.2M
Q3 24
$-20.7M
$3.6M
Q2 24
$-19.5M
$-1.4M
Q1 24
$-26.0M
$3.4M
Free Cash Flow
CTMX
CTMX
ISPR
ISPR
Q4 25
$-4.0M
Q3 25
$-1.2M
Q2 25
$-15.8M
$3.7M
Q1 25
$-21.2M
$-12.7M
Q4 24
$-20.0M
$-3.2M
Q3 24
$-20.7M
$3.3M
Q2 24
$-19.6M
$-2.2M
Q1 24
$-26.2M
$3.3M
FCF Margin
CTMX
CTMX
ISPR
ISPR
Q4 25
-19.9%
Q3 25
-3.9%
Q2 25
-84.6%
18.6%
Q1 25
-41.6%
-48.4%
Q4 24
-52.5%
-7.7%
Q3 24
-62.1%
8.5%
Q2 24
-78.2%
-5.9%
Q1 24
-63.1%
10.9%
Capex Intensity
CTMX
CTMX
ISPR
ISPR
Q4 25
0.3%
Q3 25
0.0%
Q2 25
0.1%
4.8%
Q1 25
0.2%
0.7%
Q4 24
0.2%
0.1%
Q3 24
0.1%
0.7%
Q2 24
0.4%
2.0%
Q1 24
0.3%
0.3%
Cash Conversion
CTMX
CTMX
ISPR
ISPR
Q4 25
Q3 25
Q2 25
Q1 25
-0.89×
Q4 24
-1.05×
Q3 24
-3.61×
Q2 24
Q1 24
-1.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTMX
CTMX

Bristol Myers Squibb Company$11.6M62%
Astellas Pharma Inc$4.6M25%
Regeneron Pharmaceuticals Inc$2.1M11%

ISPR
ISPR

Segment breakdown not available.

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