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Side-by-side financial comparison of CXApp Inc. (CXAI) and Picard Medical, Inc. (PMI). Click either name above to swap in a different company.

Picard Medical, Inc. is the larger business by last-quarter revenue ($1.2M vs $1.0M, roughly 1.2× CXApp Inc.). CXApp Inc. runs the higher net margin — -544.1% vs -878.3%, a 334.2% gap on every dollar of revenue.

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.

CXAI vs PMI — Head-to-Head

Bigger by revenue
PMI
PMI
1.2× larger
PMI
$1.2M
$1.0M
CXAI
Higher net margin
CXAI
CXAI
334.2% more per $
CXAI
-544.1%
-878.3%
PMI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CXAI
CXAI
PMI
PMI
Revenue
$1.0M
$1.2M
Net Profit
$-5.6M
$-10.4M
Gross Margin
86.9%
-11.0%
Operating Margin
-576.9%
-293.8%
Net Margin
-544.1%
-878.3%
Revenue YoY
-38.5%
Net Profit YoY
-56.7%
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
PMI
PMI
Q4 25
$1.0M
Q3 25
$1.1M
$1.2M
Q2 25
$1.2M
$2.1M
Q1 25
$1.2M
Q4 24
$1.7M
Q3 24
$1.9M
Q2 24
$1.8M
Q1 24
$1.8M
Net Profit
CXAI
CXAI
PMI
PMI
Q4 25
$-5.6M
Q3 25
$-3.2M
$-10.4M
Q2 25
$-3.1M
$-6.7M
Q1 25
$-1.6M
Q4 24
$-3.5M
Q3 24
$-5.4M
Q2 24
$-5.3M
Q1 24
$-5.2M
Gross Margin
CXAI
CXAI
PMI
PMI
Q4 25
86.9%
Q3 25
89.0%
-11.0%
Q2 25
86.0%
-6.0%
Q1 25
87.7%
Q4 24
86.0%
Q3 24
80.4%
Q2 24
80.0%
Q1 24
82.0%
Operating Margin
CXAI
CXAI
PMI
PMI
Q4 25
-576.9%
Q3 25
-343.4%
-293.8%
Q2 25
-336.1%
-165.2%
Q1 25
-306.0%
Q4 24
-169.7%
Q3 24
-194.3%
Q2 24
-206.7%
Q1 24
-197.3%
Net Margin
CXAI
CXAI
PMI
PMI
Q4 25
-544.1%
Q3 25
-283.4%
-878.3%
Q2 25
-256.7%
-315.5%
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
PMI
PMI
Cash + ST InvestmentsLiquidity on hand
$11.1M
$2.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.0M
$8.0M
Total Assets
$32.4M
$13.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXAI
CXAI
PMI
PMI
Q4 25
$11.1M
Q3 25
$5.1M
$2.8M
Q2 25
$4.9M
$410.0K
Q1 25
$3.9M
Q4 24
$4.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CXAI
CXAI
PMI
PMI
Q4 25
$14.0M
Q3 25
$15.2M
$8.0M
Q2 25
$14.3M
$-54.5M
Q1 25
$15.6M
Q4 24
$15.6M
Q3 24
$13.6M
Q2 24
$16.3M
Q1 24
$20.9M
Total Assets
CXAI
CXAI
PMI
PMI
Q4 25
$32.4M
Q3 25
$28.5M
$13.5M
Q2 25
$29.6M
$11.7M
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
PMI
PMI
Operating Cash FlowLast quarter
$-3.6M
$-6.5M
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
PMI
PMI
Q4 25
$-3.6M
Q3 25
$-2.8M
$-6.5M
Q2 25
$-3.0M
$-4.8M
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
PMI
PMI
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
PMI
PMI
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
PMI
PMI
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.

Revenue Breakdown by Segment

CXAI
CXAI

Segment breakdown not available.

PMI
PMI

Products$1.1M94%
Other$72.0K6%

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