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

MESOBLAST LTD is the larger business by last-quarter revenue ($1.9M vs $1.0M, roughly 1.9× CXApp Inc.). CXApp Inc. runs the higher net margin — -544.1% vs -959.3%, a 415.1% gap on every dollar of revenue. On growth, MESOBLAST LTD posted the faster year-over-year revenue change (-3.6% vs -38.5%).

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.

Mesoblast Limited is an Australian regenerative medicine company. It seeks to provide treatments for inflammatory ailments, cardiovascular disease, and back pain. The company is led by Silviu Itescu, who founded the company in 2004.

CXAI vs MESO — Head-to-Head

Bigger by revenue
MESO
MESO
1.9× larger
MESO
$1.9M
$1.0M
CXAI
Growing faster (revenue YoY)
MESO
MESO
+34.9% gap
MESO
-3.6%
-38.5%
CXAI
Higher net margin
CXAI
CXAI
415.1% more per $
CXAI
-544.1%
-959.3%
MESO

Income Statement — Q4 FY2025 vs Q3 FY2023

Metric
CXAI
CXAI
MESO
MESO
Revenue
$1.0M
$1.9M
Net Profit
$-5.6M
$-18.6M
Gross Margin
86.9%
Operating Margin
-576.9%
Net Margin
-544.1%
-959.3%
Revenue YoY
-38.5%
-3.6%
Net Profit YoY
-56.7%
12.7%
EPS (diluted)
$-0.03

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
MESO
MESO
Q4 25
$1.0M
Q3 25
$1.1M
Q2 25
$1.2M
Q1 25
$1.2M
Q4 24
$1.7M
Q3 24
$1.9M
Q2 24
$1.8M
Q1 24
$1.8M
Net Profit
CXAI
CXAI
MESO
MESO
Q4 25
$-5.6M
Q3 25
$-3.2M
Q2 25
$-3.1M
Q1 25
$-1.6M
Q4 24
$-3.5M
Q3 24
$-5.4M
Q2 24
$-5.3M
Q1 24
$-5.2M
Gross Margin
CXAI
CXAI
MESO
MESO
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
MESO
MESO
Q4 25
-576.9%
Q3 25
-343.4%
Q2 25
-336.1%
Q1 25
-306.0%
Q4 24
-169.7%
Q3 24
-194.3%
Q2 24
-206.7%
Q1 24
-197.3%
Net Margin
CXAI
CXAI
MESO
MESO
Q4 25
-544.1%
Q3 25
-283.4%
Q2 25
-256.7%
Q1 25
-132.0%
Q4 24
-213.6%
Q3 24
-286.5%
Q2 24
-297.6%
Q1 24
-284.4%

Balance Sheet & Financial Strength

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

Metric
CXAI
CXAI
MESO
MESO
Cash + ST InvestmentsLiquidity on hand
$11.1M
$48.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.0M
$482.2M
Total Assets
$32.4M
$650.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXAI
CXAI
MESO
MESO
Q4 25
$11.1M
Q3 25
$5.1M
Q2 25
$4.9M
Q1 25
$3.9M
Q4 24
$4.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CXAI
CXAI
MESO
MESO
Q4 25
$14.0M
Q3 25
$15.2M
Q2 25
$14.3M
Q1 25
$15.6M
Q4 24
$15.6M
Q3 24
$13.6M
Q2 24
$16.3M
Q1 24
$20.9M
Total Assets
CXAI
CXAI
MESO
MESO
Q4 25
$32.4M
Q3 25
$28.5M
Q2 25
$29.6M
Q1 25
$29.3M
Q4 24
$31.8M
Q3 24
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
CXAI
CXAI
MESO
MESO
Operating Cash FlowLast quarter
$-3.6M
$-16.3M
Free Cash FlowOCF − Capex
$-3.6M
FCF MarginFCF / Revenue
-355.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-10.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CXAI
CXAI
MESO
MESO
Q4 25
$-3.6M
Q3 25
$-2.8M
Q2 25
$-3.0M
Q1 25
$-979.0K
Q4 24
$-2.7M
Q3 24
$-2.1M
Q2 24
$-1.9M
Q1 24
$-650.0K
Free Cash Flow
CXAI
CXAI
MESO
MESO
Q4 25
$-3.6M
Q3 25
$-2.8M
Q2 25
$-3.0M
Q1 25
$-984.0K
Q4 24
Q3 24
$-2.1M
Q2 24
$-1.9M
Q1 24
$-668.0K
FCF Margin
CXAI
CXAI
MESO
MESO
Q4 25
-355.5%
Q3 25
-248.1%
Q2 25
-247.2%
Q1 25
-80.4%
Q4 24
Q3 24
-109.3%
Q2 24
-108.6%
Q1 24
-36.7%
Capex Intensity
CXAI
CXAI
MESO
MESO
Q4 25
0.2%
Q3 25
0.4%
Q2 25
0.9%
Q1 25
0.4%
Q4 24
0.0%
Q3 24
0.2%
Q2 24
0.5%
Q1 24
1.0%

Financial Flow Comparison

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

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