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Side-by-side financial comparison of FONAR CORP (FONR) and Hyperscale Data, Inc. (GPUS). Click either name above to swap in a different company.
Hyperscale Data, Inc. is the larger business by last-quarter revenue ($26.9M vs $25.5M, roughly 1.1× FONAR CORP). FONAR CORP runs the higher net margin — 8.0% vs -112.0%, a 120.0% gap on every dollar of revenue. On growth, Hyperscale Data, Inc. posted the faster year-over-year revenue change (38.4% vs 2.4%). FONAR CORP produced more free cash flow last quarter ($-227.0K vs $-56.2M). Over the past eight quarters, FONAR CORP's revenue compounded faster (-0.3% CAGR vs -16.3%).
FONAR Corp is a specialized medical technology firm that designs, manufactures, and distributes innovative MRI systems including upright and open models. It primarily serves U.S. hospitals, diagnostic imaging centers, and healthcare providers, delivering high-precision scanning solutions for clinical diagnostic use.
Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.
FONR vs GPUS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $26.9M |
| Net Profit | $2.1M | $-30.1M |
| Gross Margin | — | 14.5% |
| Operating Margin | 13.5% | -117.8% |
| Net Margin | 8.0% | -112.0% |
| Revenue YoY | 2.4% | 38.4% |
| Net Profit YoY | 4.7% | -6670.3% |
| 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.
| Q4 25 | $25.5M | $26.9M | ||
| Q3 25 | $26.0M | $24.3M | ||
| Q2 25 | $27.3M | $25.9M | ||
| Q1 25 | $27.2M | $25.0M | ||
| Q4 24 | $24.9M | $19.4M | ||
| Q3 24 | $25.0M | $31.1M | ||
| Q2 24 | $25.9M | $17.8M | ||
| Q1 24 | $25.7M | $38.4M |
| Q4 25 | $2.1M | $-30.1M | ||
| Q3 25 | $2.3M | $-13.0M | ||
| Q2 25 | $729.3K | $-19.1M | ||
| Q1 25 | $2.5M | $-4.2M | ||
| Q4 24 | $2.0M | $-445.0K | ||
| Q3 24 | $3.1M | $-25.5M | ||
| Q2 24 | $830.4K | $-33.9M | ||
| Q1 24 | $1.9M | $3.7M |
| Q4 25 | — | 14.5% | ||
| Q3 25 | — | 25.8% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | 21.1% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 27.5% | ||
| Q2 24 | — | -21.3% | ||
| Q1 24 | — | 47.4% |
| Q4 25 | 13.5% | -117.8% | ||
| Q3 25 | 14.1% | -57.8% | ||
| Q2 25 | 5.3% | -39.2% | ||
| Q1 25 | 15.2% | -25.5% | ||
| Q4 24 | 11.9% | -46.8% | ||
| Q3 24 | 21.0% | -79.2% | ||
| Q2 24 | 7.4% | -151.4% | ||
| Q1 24 | 16.8% | 9.5% |
| Q4 25 | 8.0% | -112.0% | ||
| Q3 25 | 8.7% | -53.5% | ||
| Q2 25 | 2.7% | -73.7% | ||
| Q1 25 | 9.2% | -16.8% | ||
| Q4 24 | 7.9% | -2.3% | ||
| Q3 24 | 12.6% | -82.3% | ||
| Q2 24 | 3.2% | -190.7% | ||
| Q1 24 | 7.3% | 9.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.39 | ||
| Q2 25 | — | $-2.66 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-8.78 | ||
| Q3 24 | — | $-24.82 | ||
| Q2 24 | — | $-37.81 | ||
| Q1 24 | — | $3.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $121.0K | $13.1M |
| Total DebtLower is stronger | — | $83.1M |
| Stockholders' EquityBook value | $176.9M | $119.8M |
| Total Assets | $217.2M | $313.7M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0K | $13.1M | ||
| Q3 25 | $122.0K | $24.8M | ||
| Q2 25 | $56.5M | $5.9M | ||
| Q1 25 | $123.0K | $4.2M | ||
| Q4 24 | $121.0K | $4.5M | ||
| Q3 24 | $136.0K | $7.9M | ||
| Q2 24 | $56.5M | $9.6M | ||
| Q1 24 | $134.0K | $18.9M |
| Q4 25 | — | $83.1M | ||
| Q3 25 | — | $80.0M | ||
| Q2 25 | — | $88.5M | ||
| Q1 25 | — | $92.8M | ||
| Q4 24 | — | $96.7M | ||
| Q3 24 | — | $104.8M | ||
| Q2 24 | $66.9K | $106.8M | ||
| Q1 24 | — | $30.0M |
| Q4 25 | $176.9M | $119.8M | ||
| Q3 25 | $174.9M | $55.9M | ||
| Q2 25 | $172.6M | $5.5M | ||
| Q1 25 | $171.9M | $6.3M | ||
| Q4 24 | $169.8M | $8.6M | ||
| Q3 24 | $168.7M | $2.7M | ||
| Q2 24 | $166.0M | $26.7M | ||
| Q1 24 | $165.8M | $59.0M |
| Q4 25 | $217.2M | $313.7M | ||
| Q3 25 | $218.4M | $242.4M | ||
| Q2 25 | $216.9M | $213.5M | ||
| Q1 25 | $214.9M | $218.5M | ||
| Q4 24 | $208.0M | $220.8M | ||
| Q3 24 | $212.3M | $231.5M | ||
| Q2 24 | $214.2M | $270.8M | ||
| Q1 24 | $209.6M | $299.8M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 16.06× | ||
| Q1 25 | — | 14.71× | ||
| Q4 24 | — | 11.19× | ||
| Q3 24 | — | 38.41× | ||
| Q2 24 | 0.00× | 4.00× | ||
| Q1 24 | — | 0.51× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $171.0K | $-37.7M |
| Free Cash FlowOCF − Capex | $-227.0K | $-56.2M |
| FCF MarginFCF / Revenue | -0.9% | -208.7% |
| Capex IntensityCapex / Revenue | 1.6% | 68.6% |
| Cash ConversionOCF / Net Profit | 0.08× | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.7M | $-87.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $171.0K | $-37.7M | ||
| Q3 25 | $1.7M | $-17.8M | ||
| Q2 25 | $4.2M | $-3.1M | ||
| Q1 25 | $3.1M | $-4.0M | ||
| Q4 24 | $2.2M | $-9.2M | ||
| Q3 24 | $1.7M | $3.7M | ||
| Q2 24 | $4.6M | $-3.7M | ||
| Q1 24 | $2.8M | $-10.2M |
| Q4 25 | $-227.0K | $-56.2M | ||
| Q3 25 | $-177.0K | $-20.6M | ||
| Q2 25 | $3.6M | $-3.5M | ||
| Q1 25 | $2.6M | $-6.8M | ||
| Q4 24 | $1.5M | $-9.3M | ||
| Q3 24 | $-148.0K | $2.6M | ||
| Q2 24 | $4.2M | $-5.9M | ||
| Q1 24 | $2.6M | $-11.6M |
| Q4 25 | -0.9% | -208.7% | ||
| Q3 25 | -0.7% | -84.5% | ||
| Q2 25 | 13.1% | -13.5% | ||
| Q1 25 | 9.4% | -27.3% | ||
| Q4 24 | 6.0% | -47.6% | ||
| Q3 24 | -0.6% | 8.4% | ||
| Q2 24 | 16.1% | -33.4% | ||
| Q1 24 | 10.2% | -30.3% |
| Q4 25 | 1.6% | 68.6% | ||
| Q3 25 | 7.2% | 11.5% | ||
| Q2 25 | 2.4% | 1.5% | ||
| Q1 25 | 2.2% | 11.5% | ||
| Q4 24 | 3.0% | 0.3% | ||
| Q3 24 | 7.2% | 3.6% | ||
| Q2 24 | 1.6% | 12.6% | ||
| Q1 24 | 0.7% | 3.7% |
| Q4 25 | 0.08× | — | ||
| Q3 25 | 0.75× | — | ||
| Q2 25 | 5.79× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 5.54× | — | ||
| Q1 24 | 1.50× | -2.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FONR
| Managementof Diagnostic Imaging Centers | $23.2M | 91% |
| Manufacturingand Servicingof Medical Equipment | $2.4M | 9% |
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
