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

CytomX Therapeutics, Inc. is the larger business by last-quarter revenue ($18.7M vs $9.7M, roughly 1.9× MIND TECHNOLOGY, INC). MIND TECHNOLOGY, INC runs the higher net margin — 0.6% vs -0.8%, a 1.5% gap on every dollar of revenue. On growth, MIND TECHNOLOGY, INC posted the faster year-over-year revenue change (-20.0% vs -25.7%). MIND TECHNOLOGY, INC produced more free cash flow last quarter ($801.0K vs $-15.8M). Over the past eight quarters, MIND TECHNOLOGY, INC's revenue compounded faster (-14.9% CAGR vs -15.9%).

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.

Mitcham Industries, Inc. is a company founded in 1987, and is based in Huntsville, Texas. The company markets geophysical and other equipment to seismic data acquisition contractors conducting surveys on land, marsh, and marine areas, both shallow and deep water. There are mainly two segments operating in the company, namely an Equipment Leasing segment and an Equipment Manufacturing segment. In October 2011, the Company opened a new logistics and repair facility in Budapest, Hungary, and thr...

CTMX vs MIND — Head-to-Head

Bigger by revenue
CTMX
CTMX
1.9× larger
CTMX
$18.7M
$9.7M
MIND
Growing faster (revenue YoY)
MIND
MIND
+5.7% gap
MIND
-20.0%
-25.7%
CTMX
Higher net margin
MIND
MIND
1.5% more per $
MIND
0.6%
-0.8%
CTMX
More free cash flow
MIND
MIND
$16.6M more FCF
MIND
$801.0K
$-15.8M
CTMX
Faster 2-yr revenue CAGR
MIND
MIND
Annualised
MIND
-14.9%
-15.9%
CTMX

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
CTMX
CTMX
MIND
MIND
Revenue
$18.7M
$9.7M
Net Profit
$-154.0K
$62.0K
Gross Margin
46.6%
Operating Margin
-6.9%
8.0%
Net Margin
-0.8%
0.6%
Revenue YoY
-25.7%
-20.0%
Net Profit YoY
97.6%
-95.2%
EPS (diluted)

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
MIND
MIND
Q4 25
$9.7M
Q3 25
$13.6M
Q2 25
$18.7M
$7.9M
Q1 25
$50.9M
$15.0M
Q4 24
$38.1M
$12.1M
Q3 24
$33.4M
$10.0M
Q2 24
$25.1M
$9.7M
Q1 24
$41.5M
$13.4M
Net Profit
CTMX
CTMX
MIND
MIND
Q4 25
$62.0K
Q3 25
$1.9M
Q2 25
$-154.0K
$-970.0K
Q1 25
$23.5M
$2.0M
Q4 24
$18.9M
$1.3M
Q3 24
$5.7M
$798.0K
Q2 24
$-6.5M
$954.0K
Q1 24
$13.8M
$1.4M
Gross Margin
CTMX
CTMX
MIND
MIND
Q4 25
46.6%
Q3 25
50.4%
Q2 25
42.2%
Q1 25
43.5%
Q4 24
44.8%
Q3 24
47.6%
Q2 24
43.6%
Q1 24
46.7%
Operating Margin
CTMX
CTMX
MIND
MIND
Q4 25
8.0%
Q3 25
19.6%
Q2 25
-6.9%
-8.3%
Q1 25
44.4%
18.5%
Q4 24
46.4%
15.5%
Q3 24
12.3%
14.2%
Q2 24
-33.7%
7.5%
Q1 24
28.1%
17.3%
Net Margin
CTMX
CTMX
MIND
MIND
Q4 25
0.6%
Q3 25
14.2%
Q2 25
-0.8%
-12.3%
Q1 25
46.2%
13.5%
Q4 24
49.6%
10.7%
Q3 24
17.2%
8.0%
Q2 24
-26.0%
9.9%
Q1 24
33.3%
10.8%

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
MIND
MIND
Cash + ST InvestmentsLiquidity on hand
$49.0M
$19.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$119.9M
$39.9M
Total Assets
$175.1M
$47.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
MIND
MIND
Q4 25
$19.4M
Q3 25
$7.8M
Q2 25
$49.0M
$9.2M
Q1 25
$47.6M
$5.3M
Q4 24
$38.1M
$3.5M
Q3 24
$40.6M
$1.9M
Q2 24
$43.2M
$924.0K
Q1 24
$36.2M
$5.3M
Stockholders' Equity
CTMX
CTMX
MIND
MIND
Q4 25
$39.9M
Q3 25
$28.8M
Q2 25
$119.9M
$26.6M
Q1 25
$25.0M
$27.3M
Q4 24
$-456.0K
$25.2M
Q3 24
$-23.5M
$24.5M
Q2 24
$-31.2M
$23.6M
Q1 24
$-31.7M
$22.6M
Total Assets
CTMX
CTMX
MIND
MIND
Q4 25
$47.3M
Q3 25
$35.8M
Q2 25
$175.1M
$36.2M
Q1 25
$98.5M
$36.7M
Q4 24
$120.5M
$36.1M
Q3 24
$139.0M
$37.8M
Q2 24
$159.2M
$34.9M
Q1 24
$184.7M
$33.5M

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
MIND
MIND
Operating Cash FlowLast quarter
$-15.8M
$894.0K
Free Cash FlowOCF − Capex
$-15.8M
$801.0K
FCF MarginFCF / Revenue
-84.6%
8.3%
Capex IntensityCapex / Revenue
0.1%
1.0%
Cash ConversionOCF / Net Profit
14.42×
TTM Free Cash FlowTrailing 4 quarters
$-77.7M
$5.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTMX
CTMX
MIND
MIND
Q4 25
$894.0K
Q3 25
$-1.2M
Q2 25
$-15.8M
$4.1M
Q1 25
$-21.0M
$2.1M
Q4 24
$-19.9M
$2.3M
Q3 24
$-20.7M
$1.1M
Q2 24
$-19.5M
$-4.8M
Q1 24
$-26.0M
$657.0K
Free Cash Flow
CTMX
CTMX
MIND
MIND
Q4 25
$801.0K
Q3 25
$-1.3M
Q2 25
$-15.8M
$3.8M
Q1 25
$-21.2M
$1.8M
Q4 24
$-20.0M
$2.2M
Q3 24
$-20.7M
$978.0K
Q2 24
$-19.6M
$-4.8M
Q1 24
$-26.2M
$566.0K
FCF Margin
CTMX
CTMX
MIND
MIND
Q4 25
8.3%
Q3 25
-9.9%
Q2 25
-84.6%
48.5%
Q1 25
-41.6%
12.2%
Q4 24
-52.5%
18.3%
Q3 24
-62.1%
9.7%
Q2 24
-78.2%
-49.8%
Q1 24
-63.1%
4.2%
Capex Intensity
CTMX
CTMX
MIND
MIND
Q4 25
1.0%
Q3 25
1.3%
Q2 25
0.1%
3.0%
Q1 25
0.2%
1.5%
Q4 24
0.2%
0.6%
Q3 24
0.1%
0.8%
Q2 24
0.4%
0.7%
Q1 24
0.3%
0.7%
Cash Conversion
CTMX
CTMX
MIND
MIND
Q4 25
14.42×
Q3 25
-0.60×
Q2 25
Q1 25
-0.89×
1.01×
Q4 24
-1.05×
1.77×
Q3 24
-3.61×
1.33×
Q2 24
-4.98×
Q1 24
-1.89×
0.46×

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%

MIND
MIND

Segment breakdown not available.

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