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

CXApp Inc. is the larger business by last-quarter revenue ($1.0M vs $668.0K, roughly 1.5× Upstream Bio, Inc.). CXApp Inc. runs the higher net margin — -544.1% vs -6356.1%, a 5812.0% 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.

TCI Co., Ltd. is a Taiwanese contract development and manufacturing organization (CDMO) specialising in the research, development and production of functional beverages, dietary supplements and skincare products. Headquartered in the Neihu Technology Park in Taipei, TCI evolved from an original trading company founded in 1980 into a CDMO group serving clients across Asia, Europe and North America, and is publicly traded on Taiwan's over-the-counter market under the code 8436.

CXAI vs UPB — Head-to-Head

Bigger by revenue
CXAI
CXAI
1.5× larger
CXAI
$1.0M
$668.0K
UPB
Higher net margin
CXAI
CXAI
5812.0% more per $
CXAI
-544.1%
-6356.1%
UPB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CXAI
CXAI
UPB
UPB
Revenue
$1.0M
$668.0K
Net Profit
$-5.6M
$-42.5M
Gross Margin
86.9%
Operating Margin
-576.9%
-6911.2%
Net Margin
-544.1%
-6356.1%
Revenue YoY
-38.5%
Net Profit YoY
-56.7%
EPS (diluted)
$-0.78

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
UPB
UPB
Q4 25
$1.0M
$668.0K
Q3 25
$1.1M
$683.0K
Q2 25
$1.2M
$937.0K
Q1 25
$1.2M
$566.0K
Q4 24
$1.7M
Q3 24
$1.9M
$607.0K
Q2 24
$1.8M
Q1 24
$1.8M
Net Profit
CXAI
CXAI
UPB
UPB
Q4 25
$-5.6M
$-42.5M
Q3 25
$-3.2M
$-33.7M
Q2 25
$-3.1M
$-40.0M
Q1 25
$-1.6M
$-27.3M
Q4 24
$-3.5M
Q3 24
$-5.4M
$-16.0M
Q2 24
$-5.3M
Q1 24
$-5.2M
Gross Margin
CXAI
CXAI
UPB
UPB
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
UPB
UPB
Q4 25
-576.9%
-6911.2%
Q3 25
-343.4%
-5539.4%
Q2 25
-336.1%
-4732.9%
Q1 25
-306.0%
-5656.0%
Q4 24
-169.7%
Q3 24
-194.3%
-3112.5%
Q2 24
-206.7%
Q1 24
-197.3%
Net Margin
CXAI
CXAI
UPB
UPB
Q4 25
-544.1%
-6356.1%
Q3 25
-283.4%
-4941.1%
Q2 25
-256.7%
-4265.3%
Q1 25
-132.0%
-4818.0%
Q4 24
-213.6%
Q3 24
-286.5%
-2634.6%
Q2 24
-297.6%
Q1 24
-284.4%
EPS (diluted)
CXAI
CXAI
UPB
UPB
Q4 25
$-0.78
Q3 25
$-0.63
Q2 25
$-0.74
Q1 25
$-0.51
Q4 24
Q3 24
$-6.96
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
CXAI
CXAI
UPB
UPB
Cash + ST InvestmentsLiquidity on hand
$11.1M
$341.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.0M
$339.8M
Total Assets
$32.4M
$353.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXAI
CXAI
UPB
UPB
Q4 25
$11.1M
$341.5M
Q3 25
$5.1M
$372.4M
Q2 25
$4.9M
$393.6M
Q1 25
$3.9M
$431.4M
Q4 24
$4.9M
Q3 24
$220.7M
Q2 24
Q1 24
Stockholders' Equity
CXAI
CXAI
UPB
UPB
Q4 25
$14.0M
$339.8M
Q3 25
$15.2M
$378.6M
Q2 25
$14.3M
$408.7M
Q1 25
$15.6M
$445.6M
Q4 24
$15.6M
Q3 24
$13.6M
$-160.3M
Q2 24
$16.3M
Q1 24
$20.9M
Total Assets
CXAI
CXAI
UPB
UPB
Q4 25
$32.4M
$353.8M
Q3 25
$28.5M
$391.2M
Q2 25
$29.6M
$420.5M
Q1 25
$29.3M
$456.2M
Q4 24
$31.8M
Q3 24
$232.7M
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
UPB
UPB
Operating Cash FlowLast quarter
$-3.6M
$-30.6M
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
UPB
UPB
Q4 25
$-3.6M
$-30.6M
Q3 25
$-2.8M
$-22.2M
Q2 25
$-3.0M
$-39.2M
Q1 25
$-979.0K
$-41.2M
Q4 24
$-2.7M
Q3 24
$-2.1M
Q2 24
$-1.9M
Q1 24
$-650.0K
Free Cash Flow
CXAI
CXAI
UPB
UPB
Q4 25
$-3.6M
Q3 25
$-2.8M
$-22.3M
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
UPB
UPB
Q4 25
-355.5%
Q3 25
-248.1%
-3265.6%
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
UPB
UPB
Q4 25
0.2%
Q3 25
0.4%
9.4%
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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