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Side-by-side financial comparison of CapsoVision, Inc (CV) and QT IMAGING HOLDINGS, INC. (QTI). Click either name above to swap in a different company.

QT IMAGING HOLDINGS, INC. is the larger business by last-quarter revenue ($8.3M vs $3.5M, roughly 2.3× CapsoVision, Inc). QT IMAGING HOLDINGS, INC. runs the higher net margin — -16.8% vs -223.9%, a 207.1% gap on every dollar of revenue.

CapsoVision, Inc. is a medical technology firm specializing in the development and manufacturing of advanced capsule endoscopy systems and supporting diagnostic solutions. Its non-invasive gastrointestinal imaging products are supplied to hospitals, gastroenterology clinics and medical specialists across global markets, supporting more accurate detection of digestive diseases and improved patient care experiences.

QT Imaging Holdings, Inc. is a medical technology company that designs, manufactures and commercializes non-invasive medical imaging systems primarily for breast health diagnostics. It serves healthcare providers, clinics and medical institutions across key markets including North America, Europe and Asia-Pacific, focusing on improving the accuracy and accessibility of diagnostic imaging for patients.

CV vs QTI — Head-to-Head

Bigger by revenue
QTI
QTI
2.3× larger
QTI
$8.3M
$3.5M
CV
Higher net margin
QTI
QTI
207.1% more per $
QTI
-16.8%
-223.9%
CV

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
CV
CV
QTI
QTI
Revenue
$3.5M
$8.3M
Net Profit
$-7.9M
$-1.4M
Gross Margin
54.1%
38.0%
Operating Margin
-226.7%
-8.5%
Net Margin
-223.9%
-16.8%
Revenue YoY
877.2%
Net Profit YoY
60.2%
EPS (diluted)
$-0.17
$-1.00

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
CV
CV
QTI
QTI
Q4 25
$8.3M
Q3 25
$3.5M
$4.2M
Q2 25
$3.3M
$3.7M
Q1 25
$2.8M
Q2 24
$1.7M
Q1 24
$1.4M
Net Profit
CV
CV
QTI
QTI
Q4 25
$-1.4M
Q3 25
$-7.9M
$-4.6M
Q2 25
$-4.6M
$-4.0M
Q1 25
$-11.1M
Q2 24
$-1.2M
Q1 24
$-628.6K
Gross Margin
CV
CV
QTI
QTI
Q4 25
38.0%
Q3 25
54.1%
43.0%
Q2 25
54.6%
49.9%
Q1 25
64.7%
Q2 24
51.0%
Q1 24
55.8%
Operating Margin
CV
CV
QTI
QTI
Q4 25
-8.5%
Q3 25
-226.7%
-39.4%
Q2 25
-140.3%
-28.5%
Q1 25
-37.2%
Q2 24
-129.5%
Q1 24
-409.5%
Net Margin
CV
CV
QTI
QTI
Q4 25
-16.8%
Q3 25
-223.9%
-108.7%
Q2 25
-139.5%
-109.3%
Q1 25
-397.9%
Q2 24
-72.9%
Q1 24
-46.1%
EPS (diluted)
CV
CV
QTI
QTI
Q4 25
$-1.00
Q3 25
$-0.17
$-0.47
Q2 25
$-2.02
$-0.14
Q1 25
$-0.40
Q2 24
$-0.30
Q1 24
$-0.05

Balance Sheet & Financial Strength

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

Metric
CV
CV
QTI
QTI
Cash + ST InvestmentsLiquidity on hand
$10.4M
Total DebtLower is stronger
$10.1M
Stockholders' EquityBook value
$20.4M
$6.4M
Total Assets
$25.7M
$23.0M
Debt / EquityLower = less leverage
1.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CV
CV
QTI
QTI
Q4 25
$10.4M
Q3 25
Q2 25
Q1 25
Q2 24
Q1 24
Total Debt
CV
CV
QTI
QTI
Q4 25
$10.1M
Q3 25
$15.1M
Q2 25
$10.1M
Q1 25
$10.2M
Q2 24
$11.7M
Q1 24
$11.7M
Stockholders' Equity
CV
CV
QTI
QTI
Q4 25
$6.4M
Q3 25
$20.4M
$-9.1M
Q2 25
$-139.0M
$-324.3K
Q1 25
$-20.2M
Q2 24
$-6.2M
Q1 24
$-4.9M
Total Assets
CV
CV
QTI
QTI
Q4 25
$23.0M
Q3 25
$25.7M
$12.1M
Q2 25
$9.5M
$11.6M
Q1 25
$10.9M
Q2 24
$10.8M
Q1 24
$12.9M
Debt / Equity
CV
CV
QTI
QTI
Q4 25
1.57×
Q3 25
Q2 25
Q1 25
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
CV
CV
QTI
QTI
Operating Cash FlowLast quarter
$-5.7M
$-3.1M
Free Cash FlowOCF − Capex
$-5.7M
FCF MarginFCF / Revenue
-160.5%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CV
CV
QTI
QTI
Q4 25
$-3.1M
Q3 25
$-5.7M
$-878.8K
Q2 25
$-9.5M
$-1.4M
Q1 25
$-3.5M
Q2 24
$-979.6K
Q1 24
$-6.0M
Free Cash Flow
CV
CV
QTI
QTI
Q4 25
Q3 25
$-5.7M
Q2 25
$-9.6M
Q1 25
Q2 24
Q1 24
FCF Margin
CV
CV
QTI
QTI
Q4 25
Q3 25
-160.5%
Q2 25
-289.0%
Q1 25
Q2 24
Q1 24
Capex Intensity
CV
CV
QTI
QTI
Q4 25
Q3 25
0.3%
0.0%
Q2 25
2.1%
Q1 25
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CV
CV

Products$2.5M71%
Other$1.0M29%

QTI
QTI

Segment breakdown not available.

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