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Side-by-side financial comparison of CXApp Inc. (CXAI) and FATE THERAPEUTICS INC (FATE). Click either name above to swap in a different company.

FATE THERAPEUTICS INC is the larger business by last-quarter revenue ($1.4M vs $1.0M, roughly 1.3× CXApp Inc.). On growth, FATE THERAPEUTICS INC posted the faster year-over-year revenue change (-26.4% vs -38.5%). CXApp Inc. produced more free cash flow last quarter ($-3.6M vs $-112.0M). Over the past eight quarters, FATE THERAPEUTICS INC's revenue compounded faster (-15.7% CAGR vs -25.0%).

CXApp Inc. is a technology firm specializing in digital workplace experience solutions. It offers cloud-based software tools for employee engagement, office space optimization, visitor management, and hybrid work coordination, serving mid-to-large enterprises across North America, APAC and Europe.

Insys Therapeutics was an American specialty pharmaceutical company based in Chandler, Arizona in 1990. Its main product was Subsys, a sublingual liquid form of the drug fentanyl. Fentanyl is an extremely fast-acting and powerful opioid used to relieve breakthrough pain in cancer patients, and prescription of fentanyl in the US for such pain usually requires documented failure of more conservative therapies.

CXAI vs FATE — Head-to-Head

Bigger by revenue
FATE
FATE
1.3× larger
FATE
$1.4M
$1.0M
CXAI
Growing faster (revenue YoY)
FATE
FATE
+12.1% gap
FATE
-26.4%
-38.5%
CXAI
More free cash flow
CXAI
CXAI
$108.4M more FCF
CXAI
$-3.6M
$-112.0M
FATE
Faster 2-yr revenue CAGR
FATE
FATE
Annualised
FATE
-15.7%
-25.0%
CXAI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CXAI
CXAI
FATE
FATE
Revenue
$1.0M
$1.4M
Net Profit
$-5.6M
Gross Margin
86.9%
Operating Margin
-576.9%
Net Margin
-544.1%
Revenue YoY
-38.5%
-26.4%
Net Profit YoY
-56.7%
37.9%
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
CXAI
CXAI
FATE
FATE
Q4 25
$1.0M
$1.4M
Q3 25
$1.1M
$1.7M
Q2 25
$1.2M
$1.9M
Q1 25
$1.2M
$1.6M
Q4 24
$1.7M
$1.9M
Q3 24
$1.9M
$3.1M
Q2 24
$1.8M
$6.8M
Q1 24
$1.8M
$1.9M
Net Profit
CXAI
CXAI
FATE
FATE
Q4 25
$-5.6M
Q3 25
$-3.2M
$-32.3M
Q2 25
$-3.1M
$-34.1M
Q1 25
$-1.6M
$-37.6M
Q4 24
$-3.5M
Q3 24
$-5.4M
$-47.7M
Q2 24
$-5.3M
$-38.4M
Q1 24
$-5.2M
$-48.0M
Gross Margin
CXAI
CXAI
FATE
FATE
Q4 25
86.9%
Q3 25
89.0%
Q2 25
86.0%
Q1 25
87.7%
Q4 24
86.0%
Q3 24
80.4%
Q2 24
80.0%
Q1 24
82.0%
Operating Margin
CXAI
CXAI
FATE
FATE
Q4 25
-576.9%
Q3 25
-343.4%
-1995.1%
Q2 25
-336.1%
-1938.5%
Q1 25
-306.0%
-2534.1%
Q4 24
-169.7%
Q3 24
-194.3%
-1703.9%
Q2 24
-206.7%
-665.7%
Q1 24
-197.3%
-2652.9%
Net Margin
CXAI
CXAI
FATE
FATE
Q4 25
-544.1%
Q3 25
-283.4%
-1852.4%
Q2 25
-256.7%
-1786.6%
Q1 25
-132.0%
-2309.5%
Q4 24
-213.6%
Q3 24
-286.5%
-1551.0%
Q2 24
-297.6%
-567.4%
Q1 24
-284.4%
-2493.7%
EPS (diluted)
CXAI
CXAI
FATE
FATE
Q4 25
Q3 25
$-0.27
Q2 25
$-0.29
Q1 25
$-0.32
Q4 24
Q3 24
$-0.40
Q2 24
$-0.33
Q1 24
$-0.47

Balance Sheet & Financial Strength

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

Metric
CXAI
CXAI
FATE
FATE
Cash + ST InvestmentsLiquidity on hand
$11.1M
$203.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.0M
$207.2M
Total Assets
$32.4M
$318.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXAI
CXAI
FATE
FATE
Q4 25
$11.1M
$203.7M
Q3 25
$5.1M
$215.4M
Q2 25
$4.9M
$222.8M
Q1 25
$3.9M
$240.4M
Q4 24
$4.9M
$279.1M
Q3 24
$296.9M
Q2 24
$304.9M
Q1 24
$121.3M
Stockholders' Equity
CXAI
CXAI
FATE
FATE
Q4 25
$14.0M
$207.2M
Q3 25
$15.2M
$234.1M
Q2 25
$14.3M
$261.4M
Q1 25
$15.6M
$288.4M
Q4 24
$15.6M
$318.7M
Q3 24
$13.6M
$362.3M
Q2 24
$16.3M
$397.0M
Q1 24
$20.9M
$426.1M
Total Assets
CXAI
CXAI
FATE
FATE
Q4 25
$32.4M
$318.9M
Q3 25
$28.5M
$343.7M
Q2 25
$29.6M
$371.6M
Q1 25
$29.3M
$398.7M
Q4 24
$31.8M
$440.7M
Q3 24
$495.0M
Q2 24
$528.8M
Q1 24
$569.9M

Cash Flow & Capital Efficiency

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

Metric
CXAI
CXAI
FATE
FATE
Operating Cash FlowLast quarter
$-3.6M
$-106.1M
Free Cash FlowOCF − Capex
$-3.6M
$-112.0M
FCF MarginFCF / Revenue
-355.5%
-8183.9%
Capex IntensityCapex / Revenue
0.2%
434.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-10.4M
$-199.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CXAI
CXAI
FATE
FATE
Q4 25
$-3.6M
$-106.1M
Q3 25
$-2.8M
$-24.4M
Q2 25
$-3.0M
$-24.6M
Q1 25
$-979.0K
$-33.8M
Q4 24
$-2.7M
$-122.9M
Q3 24
$-2.1M
$-29.4M
Q2 24
$-1.9M
$-32.3M
Q1 24
$-650.0K
$-33.4M
Free Cash Flow
CXAI
CXAI
FATE
FATE
Q4 25
$-3.6M
$-112.0M
Q3 25
$-2.8M
$-26.6M
Q2 25
$-3.0M
$-25.9M
Q1 25
$-984.0K
$-35.0M
Q4 24
$-123.6M
Q3 24
$-2.1M
$-29.9M
Q2 24
$-1.9M
$-32.4M
Q1 24
$-668.0K
$-33.4M
FCF Margin
CXAI
CXAI
FATE
FATE
Q4 25
-355.5%
-8183.9%
Q3 25
-248.1%
-1526.5%
Q2 25
-247.2%
-1360.7%
Q1 25
-80.4%
-2148.9%
Q4 24
-6645.4%
Q3 24
-109.3%
-973.1%
Q2 24
-108.6%
-477.8%
Q1 24
-36.7%
-1736.9%
Capex Intensity
CXAI
CXAI
FATE
FATE
Q4 25
0.2%
434.8%
Q3 25
0.4%
126.5%
Q2 25
0.9%
71.4%
Q1 25
0.4%
73.4%
Q4 24
0.0%
39.2%
Q3 24
0.2%
16.1%
Q2 24
0.5%
0.8%
Q1 24
1.0%
4.5%

Financial Flow Comparison

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

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