vs
Side-by-side financial comparison of FONAR CORP (FONR) and i-80 Gold Corp. (IAUX). Click either name above to swap in a different company.
FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $21.3M, roughly 1.2× i-80 Gold Corp.). FONAR CORP runs the higher net margin — 8.0% vs -401.9%, a 409.9% gap on every dollar of revenue. FONAR CORP produced more free cash flow last quarter ($-227.0K vs $-39.2M).
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.
i-80 Gold Corp is a mineral exploration and development firm focused on gold and silver asset operations in Nevada, US. It advances high-potential mining projects, using responsible extraction practices to deliver precious metals to global industrial and investment markets.
FONR vs IAUX — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $21.3M |
| Net Profit | $2.1M | $-85.6M |
| Gross Margin | — | 22.0% |
| Operating Margin | 13.5% | -291.6% |
| Net Margin | 8.0% | -401.9% |
| Revenue YoY | 2.4% | — |
| Net Profit YoY | 4.7% | — |
| EPS (diluted) | — | $-0.10 |
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 | $21.3M | ||
| Q3 25 | $26.0M | $32.0M | ||
| Q2 25 | $27.3M | $27.8M | ||
| Q1 25 | $27.2M | $14.0M | ||
| Q4 24 | $24.9M | — | ||
| Q3 24 | $25.0M | $11.5M | ||
| Q2 24 | $25.9M | $7.2M | ||
| Q1 24 | $25.7M | — |
| Q4 25 | $2.1M | $-85.6M | ||
| Q3 25 | $2.3M | $-41.9M | ||
| Q2 25 | $729.3K | $-30.2M | ||
| Q1 25 | $2.5M | $-41.2M | ||
| Q4 24 | $2.0M | — | ||
| Q3 24 | $3.1M | $-43.1M | ||
| Q2 24 | $830.4K | $-41.0M | ||
| Q1 24 | $1.9M | — |
| Q4 25 | — | 22.0% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 20.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -42.7% | ||
| Q2 24 | — | -171.4% | ||
| Q1 24 | — | — |
| Q4 25 | 13.5% | -291.6% | ||
| Q3 25 | 14.1% | -86.7% | ||
| Q2 25 | 5.3% | -67.4% | ||
| Q1 25 | 15.2% | -112.3% | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 21.0% | -210.0% | ||
| Q2 24 | 7.4% | -435.2% | ||
| Q1 24 | 16.8% | — |
| Q4 25 | 8.0% | -401.9% | ||
| Q3 25 | 8.7% | -130.8% | ||
| Q2 25 | 2.7% | -108.5% | ||
| Q1 25 | 9.2% | -293.3% | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 12.6% | -374.5% | ||
| Q2 24 | 3.2% | -570.8% | ||
| Q1 24 | 7.3% | — |
| Q4 25 | — | $-0.10 | ||
| Q3 25 | — | $-0.05 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.11 | ||
| Q2 24 | — | $-0.11 | ||
| Q1 24 | — | — |
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 | $63.2M |
| Total DebtLower is stronger | — | $174.7M |
| Stockholders' EquityBook value | $176.9M | $346.8M |
| Total Assets | $217.2M | $703.4M |
| Debt / EquityLower = less leverage | — | 0.50× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0K | $63.2M | ||
| Q3 25 | $122.0K | $102.9M | ||
| Q2 25 | $56.5M | $133.7M | ||
| Q1 25 | $123.0K | $13.5M | ||
| Q4 24 | $121.0K | — | ||
| Q3 24 | $136.0K | $21.8M | ||
| Q2 24 | $56.5M | $47.8M | ||
| Q1 24 | $134.0K | — |
| Q4 25 | — | $174.7M | ||
| Q3 25 | — | $175.9M | ||
| Q2 25 | — | $175.8M | ||
| Q1 25 | — | $197.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $66.9K | — | ||
| Q1 24 | — | — |
| Q4 25 | $176.9M | $346.8M | ||
| Q3 25 | $174.9M | $423.0M | ||
| Q2 25 | $172.6M | $463.5M | ||
| Q1 25 | $171.9M | $318.0M | ||
| Q4 24 | $169.8M | — | ||
| Q3 24 | $168.7M | $346.9M | ||
| Q2 24 | $166.0M | $377.2M | ||
| Q1 24 | $165.8M | — |
| Q4 25 | $217.2M | $703.4M | ||
| Q3 25 | $218.4M | $756.2M | ||
| Q2 25 | $216.9M | $782.9M | ||
| Q1 25 | $214.9M | $659.0M | ||
| Q4 24 | $208.0M | — | ||
| Q3 24 | $212.3M | — | ||
| Q2 24 | $214.2M | — | ||
| Q1 24 | $209.6M | — |
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.00× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $171.0K | $-34.3M |
| Free Cash FlowOCF − Capex | $-227.0K | $-39.2M |
| FCF MarginFCF / Revenue | -0.9% | -184.3% |
| Capex IntensityCapex / Revenue | 1.6% | 23.1% |
| Cash ConversionOCF / Net Profit | 0.08× | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.7M | $-93.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $171.0K | $-34.3M | ||
| Q3 25 | $1.7M | $-15.2M | ||
| Q2 25 | $4.2M | $-11.3M | ||
| Q1 25 | $3.1M | $-22.7M | ||
| Q4 24 | $2.2M | — | ||
| Q3 24 | $1.7M | $-23.5M | ||
| Q2 24 | $4.6M | $-24.6M | ||
| Q1 24 | $2.8M | — |
| Q4 25 | $-227.0K | $-39.2M | ||
| Q3 25 | $-177.0K | $-18.5M | ||
| Q2 25 | $3.6M | $-12.4M | ||
| Q1 25 | $2.6M | $-23.1M | ||
| Q4 24 | $1.5M | — | ||
| Q3 24 | $-148.0K | $-23.8M | ||
| Q2 24 | $4.2M | $-25.1M | ||
| Q1 24 | $2.6M | — |
| Q4 25 | -0.9% | -184.3% | ||
| Q3 25 | -0.7% | -57.8% | ||
| Q2 25 | 13.1% | -44.7% | ||
| Q1 25 | 9.4% | -164.1% | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | -0.6% | -206.7% | ||
| Q2 24 | 16.1% | -349.1% | ||
| Q1 24 | 10.2% | — |
| Q4 25 | 1.6% | 23.1% | ||
| Q3 25 | 7.2% | 10.2% | ||
| Q2 25 | 2.4% | 3.9% | ||
| Q1 25 | 2.2% | 2.5% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 7.2% | 2.5% | ||
| Q2 24 | 1.6% | 7.3% | ||
| Q1 24 | 0.7% | — |
| 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× | — |
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% |
IAUX
| Granite Creek Mining Company | $20.3M | 95% |
| Ruby Hill Mining Company LLC | $991.0K | 5% |
| Lone Tree Minning Company | $3.0K | 0% |
