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

CytomX Therapeutics, Inc. is the larger business by last-quarter revenue ($18.7M vs $17.6M, roughly 1.1× Taoping Inc.). CytomX Therapeutics, Inc. runs the higher net margin — -0.8% vs -26.6%, a 25.8% gap on every dollar of revenue. On growth, Taoping Inc. posted the faster year-over-year revenue change (-2.6% vs -25.7%). Taoping Inc. produced more free cash flow last quarter ($-2.8M vs $-15.8M).

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.

Taoping Inc. is a China-based technology firm providing smart cloud services, digital media solutions, and targeted internet advertising services. Its core segments cover smart city support, enterprise digital transformation tools, and offline new retail digital operations, serving mainly enterprise and public sector clients in the domestic market.

CTMX vs TAOP — Head-to-Head

Bigger by revenue
CTMX
CTMX
1.1× larger
CTMX
$18.7M
$17.6M
TAOP
Growing faster (revenue YoY)
TAOP
TAOP
+23.1% gap
TAOP
-2.6%
-25.7%
CTMX
Higher net margin
CTMX
CTMX
25.8% more per $
CTMX
-0.8%
-26.6%
TAOP
More free cash flow
TAOP
TAOP
$13.0M more FCF
TAOP
$-2.8M
$-15.8M
CTMX

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
CTMX
CTMX
TAOP
TAOP
Revenue
$18.7M
$17.6M
Net Profit
$-154.0K
$-4.7M
Gross Margin
10.1%
Operating Margin
-6.9%
-23.8%
Net Margin
-0.8%
-26.6%
Revenue YoY
-25.7%
-2.6%
Net Profit YoY
97.6%
-894.8%
EPS (diluted)
$-6.54

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
TAOP
TAOP
Q2 25
$18.7M
$17.6M
Q1 25
$50.9M
Q4 24
$38.1M
$18.6M
Q3 24
$33.4M
Q2 24
$25.1M
$18.1M
Q1 24
$41.5M
Q4 23
$26.6M
Q3 23
$26.4M
Net Profit
CTMX
CTMX
TAOP
TAOP
Q2 25
$-154.0K
$-4.7M
Q1 25
$23.5M
Q4 24
$18.9M
$-2.4M
Q3 24
$5.7M
Q2 24
$-6.5M
$588.7K
Q1 24
$13.8M
Q4 23
$837.0K
Q3 23
$3.0M
Gross Margin
CTMX
CTMX
TAOP
TAOP
Q2 25
10.1%
Q1 25
Q4 24
19.5%
Q3 24
Q2 24
22.9%
Q1 24
Q4 23
Q3 23
Operating Margin
CTMX
CTMX
TAOP
TAOP
Q2 25
-6.9%
-23.8%
Q1 25
44.4%
Q4 24
46.4%
-8.0%
Q3 24
12.3%
Q2 24
-33.7%
-0.7%
Q1 24
28.1%
Q4 23
-2.3%
Q3 23
11.8%
Net Margin
CTMX
CTMX
TAOP
TAOP
Q2 25
-0.8%
-26.6%
Q1 25
46.2%
Q4 24
49.6%
-13.0%
Q3 24
17.2%
Q2 24
-26.0%
3.3%
Q1 24
33.3%
Q4 23
3.1%
Q3 23
11.3%
EPS (diluted)
CTMX
CTMX
TAOP
TAOP
Q2 25
$-6.54
Q1 25
Q4 24
$-3.58
Q3 24
Q2 24
$3.29
Q1 24
Q4 23
Q3 23

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
TAOP
TAOP
Cash + ST InvestmentsLiquidity on hand
$49.0M
$2.2M
Total DebtLower is stronger
$5.8M
Stockholders' EquityBook value
$119.9M
$14.5M
Total Assets
$175.1M
$30.3M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
TAOP
TAOP
Q2 25
$49.0M
$2.2M
Q1 25
$47.6M
Q4 24
$38.1M
$1.6M
Q3 24
$40.6M
Q2 24
$43.2M
$480.3K
Q1 24
$36.2M
Q4 23
$17.2M
Q3 23
$26.0M
Total Debt
CTMX
CTMX
TAOP
TAOP
Q2 25
$5.8M
Q1 25
Q4 24
$5.8M
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
Stockholders' Equity
CTMX
CTMX
TAOP
TAOP
Q2 25
$119.9M
$14.5M
Q1 25
$25.0M
Q4 24
$-456.0K
$15.9M
Q3 24
$-23.5M
Q2 24
$-31.2M
$15.8M
Q1 24
$-31.7M
Q4 23
$-47.4M
Q3 23
$-51.2M
Total Assets
CTMX
CTMX
TAOP
TAOP
Q2 25
$175.1M
$30.3M
Q1 25
$98.5M
Q4 24
$120.5M
$35.1M
Q3 24
$139.0M
Q2 24
$159.2M
$34.1M
Q1 24
$184.7M
Q4 23
$201.8M
Q3 23
$221.2M
Debt / Equity
CTMX
CTMX
TAOP
TAOP
Q2 25
0.40×
Q1 25
Q4 24
0.37×
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23

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
TAOP
TAOP
Operating Cash FlowLast quarter
$-15.8M
$-1.5M
Free Cash FlowOCF − Capex
$-15.8M
$-2.8M
FCF MarginFCF / Revenue
-84.6%
-16.0%
Capex IntensityCapex / Revenue
0.1%
7.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-77.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTMX
CTMX
TAOP
TAOP
Q2 25
$-15.8M
$-1.5M
Q1 25
$-21.0M
Q4 24
$-19.9M
$147.4K
Q3 24
$-20.7M
Q2 24
$-19.5M
$-2.5M
Q1 24
$-26.0M
Q4 23
$-22.0M
Q3 23
$-18.2M
Free Cash Flow
CTMX
CTMX
TAOP
TAOP
Q2 25
$-15.8M
$-2.8M
Q1 25
$-21.2M
Q4 24
$-20.0M
$-129.3K
Q3 24
$-20.7M
Q2 24
$-19.6M
$-3.3M
Q1 24
$-26.2M
Q4 23
$-22.2M
Q3 23
$-18.3M
FCF Margin
CTMX
CTMX
TAOP
TAOP
Q2 25
-84.6%
-16.0%
Q1 25
-41.6%
Q4 24
-52.5%
-0.7%
Q3 24
-62.1%
Q2 24
-78.2%
-18.3%
Q1 24
-63.1%
Q4 23
-83.5%
Q3 23
-69.2%
Capex Intensity
CTMX
CTMX
TAOP
TAOP
Q2 25
0.1%
7.6%
Q1 25
0.2%
Q4 24
0.2%
1.5%
Q3 24
0.1%
Q2 24
0.4%
4.3%
Q1 24
0.3%
Q4 23
1.0%
Q3 23
0.0%
Cash Conversion
CTMX
CTMX
TAOP
TAOP
Q2 25
Q1 25
-0.89×
Q4 24
-1.05×
Q3 24
-3.61×
Q2 24
-4.30×
Q1 24
-1.89×
Q4 23
-26.24×
Q3 23
-6.10×

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%

TAOP
TAOP

Segment breakdown not available.

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