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Side-by-side financial comparison of EUDA Health Holdings Ltd (EUDA) and Mawson Infrastructure Group Inc. (MIGI). Click either name above to swap in a different company.

Mawson Infrastructure Group Inc. is the larger business by last-quarter revenue ($3.2M vs $1.7M, roughly 1.9× EUDA Health Holdings Ltd).

EUDA Health Holdings Ltd is a digital health enterprise focused on evidence-based mental wellness solutions. It offers AI-powered mental health assessment tools, therapy matching services, and personalized care programs, primarily serving consumer and corporate clients across the Asia-Pacific region with core segments including mental health screening, employee wellness programs and consumer mental support platforms.

Mawson Infrastructure Group Inc. is a global digital infrastructure provider that operates sustainable, energy-efficient data centers and specialized hosting solutions for blockchain and digital asset operations. Its core segments include cryptocurrency mining, colocation services, and low-carbon infrastructure development, with primary operational footprints across North America and Australia.

EUDA vs MIGI — Head-to-Head

Bigger by revenue
MIGI
MIGI
1.9× larger
MIGI
$3.2M
$1.7M
EUDA

Income Statement — Q1 FY2023 vs Q4 FY2025

Metric
EUDA
EUDA
MIGI
MIGI
Revenue
$1.7M
$3.2M
Net Profit
$-2.4M
Gross Margin
23.8%
Operating Margin
-116.4%
Net Margin
-142.1%
Revenue YoY
-78.5%
Net Profit YoY
-973.7%
-246.2%
EPS (diluted)
$-0.12

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
EUDA
EUDA
MIGI
MIGI
Q4 25
$3.2M
Q3 25
$13.2M
Q2 25
$9.5M
Q1 25
$13.8M
Q4 24
$15.1M
Q3 24
$12.3M
Q2 24
$13.1M
Q1 24
$18.8M
Net Profit
EUDA
EUDA
MIGI
MIGI
Q4 25
Q3 25
$327.7K
Q2 25
$-8.0M
Q1 25
$-310.9K
Q4 24
$-4.5M
Q3 24
$-12.2M
Q2 24
$-9.6M
Q1 24
$-19.8M
Gross Margin
EUDA
EUDA
MIGI
MIGI
Q4 25
Q3 25
65.0%
Q2 25
41.3%
Q1 25
42.9%
Q4 24
30.9%
Q3 24
35.1%
Q2 24
32.9%
Q1 24
37.2%
Operating Margin
EUDA
EUDA
MIGI
MIGI
Q4 25
Q3 25
12.0%
Q2 25
-68.9%
Q1 25
4.2%
Q4 24
-35.2%
Q3 24
-92.6%
Q2 24
-51.5%
Q1 24
-41.0%
Net Margin
EUDA
EUDA
MIGI
MIGI
Q4 25
Q3 25
2.5%
Q2 25
-84.1%
Q1 25
-2.3%
Q4 24
-30.0%
Q3 24
-99.3%
Q2 24
-73.4%
Q1 24
-105.3%
EPS (diluted)
EUDA
EUDA
MIGI
MIGI
Q4 25
Q3 25
$0.01
Q2 25
$-0.40
Q1 25
$-0.02
Q4 24
$-49.35
Q3 24
$-0.66
Q2 24
$-0.55
Q1 24
$-1.19

Balance Sheet & Financial Strength

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

Metric
EUDA
EUDA
MIGI
MIGI
Cash + ST InvestmentsLiquidity on hand
$837.3K
$13.3M
Total DebtLower is stronger
$25.2M
Stockholders' EquityBook value
$-6.0M
$-3.1M
Total Assets
$25.5M
$57.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EUDA
EUDA
MIGI
MIGI
Q4 25
$13.3M
Q3 25
$2.3M
Q2 25
$3.2M
Q1 25
$5.5M
Q4 24
$6.1M
Q3 24
$5.8M
Q2 24
$6.8M
Q1 24
$6.4M
Total Debt
EUDA
EUDA
MIGI
MIGI
Q4 25
$25.2M
Q3 25
Q2 25
Q1 25
Q4 24
$20.9M
Q3 24
Q2 24
$393.2K
Q1 24
$41.5K
Stockholders' Equity
EUDA
EUDA
MIGI
MIGI
Q4 25
$-3.1M
Q3 25
$-9.4M
Q2 25
$-8.3M
Q1 25
$-1.4M
Q4 24
$-3.2M
Q3 24
$-1.6M
Q2 24
$4.4M
Q1 24
$13.0M
Total Assets
EUDA
EUDA
MIGI
MIGI
Q4 25
$57.4M
Q3 25
$52.0M
Q2 25
$52.7M
Q1 25
$57.9M
Q4 24
$61.4M
Q3 24
$60.8M
Q2 24
$65.6M
Q1 24
$67.7M
Debt / Equity
EUDA
EUDA
MIGI
MIGI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.09×
Q1 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
EUDA
EUDA
MIGI
MIGI
Operating Cash FlowLast quarter
$-469.9K
$-6.9M
Free Cash FlowOCF − Capex
$-7.0M
FCF MarginFCF / Revenue
-218.1%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-10.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EUDA
EUDA
MIGI
MIGI
Q4 25
$-6.9M
Q3 25
$-844.5K
Q2 25
$-2.1M
Q1 25
$-510.4K
Q4 24
$3.6M
Q3 24
$-1.2M
Q2 24
$2.5M
Q1 24
$1.9M
Free Cash Flow
EUDA
EUDA
MIGI
MIGI
Q4 25
$-7.0M
Q3 25
$-859.7K
Q2 25
$-2.1M
Q1 25
$-516.9K
Q4 24
$1.6M
Q3 24
$-1.3M
Q2 24
$592.4K
Q1 24
$1.9M
FCF Margin
EUDA
EUDA
MIGI
MIGI
Q4 25
-218.1%
Q3 25
-6.5%
Q2 25
-22.3%
Q1 25
-3.7%
Q4 24
10.7%
Q3 24
-10.4%
Q2 24
4.5%
Q1 24
9.9%
Capex Intensity
EUDA
EUDA
MIGI
MIGI
Q4 25
4.6%
Q3 25
0.1%
Q2 25
0.5%
Q1 25
0.0%
Q4 24
13.0%
Q3 24
0.3%
Q2 24
14.3%
Q1 24
0.1%
Cash Conversion
EUDA
EUDA
MIGI
MIGI
Q4 25
Q3 25
-2.58×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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