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Side-by-side financial comparison of Hyperscale Data, Inc. (GPUS) and Xtant Medical Holdings, Inc. (XTNT). Click either name above to swap in a different company.

Xtant Medical Holdings, Inc. is the larger business by last-quarter revenue ($32.4M vs $26.9M, roughly 1.2× Hyperscale Data, Inc.). Xtant Medical Holdings, Inc. runs the higher net margin — 0.2% vs -112.0%, a 112.1% gap on every dollar of revenue. On growth, Hyperscale Data, Inc. posted the faster year-over-year revenue change (38.4% vs 2.7%). Xtant Medical Holdings, Inc. produced more free cash flow last quarter ($5.0M vs $-56.2M). Over the past eight quarters, Xtant Medical Holdings, Inc.'s revenue compounded faster (7.7% CAGR vs -16.3%).

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.

Xtant Medical Holdings, Inc. is a global medical technology company that develops, manufactures and markets orthobiologic products, neurosurgery devices, and regenerative medicine solutions for orthopedic and neurological care providers. It serves patients and medical institutions across North America, Europe and the Asia-Pacific, with core segments covering spinal surgery supplies and bone regeneration products.

GPUS vs XTNT — Head-to-Head

Bigger by revenue
XTNT
XTNT
1.2× larger
XTNT
$32.4M
$26.9M
GPUS
Growing faster (revenue YoY)
GPUS
GPUS
+35.7% gap
GPUS
38.4%
2.7%
XTNT
Higher net margin
XTNT
XTNT
112.1% more per $
XTNT
0.2%
-112.0%
GPUS
More free cash flow
XTNT
XTNT
$61.1M more FCF
XTNT
$5.0M
$-56.2M
GPUS
Faster 2-yr revenue CAGR
XTNT
XTNT
Annualised
XTNT
7.7%
-16.3%
GPUS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GPUS
GPUS
XTNT
XTNT
Revenue
$26.9M
$32.4M
Net Profit
$-30.1M
$57.0K
Gross Margin
14.5%
54.9%
Operating Margin
-117.8%
-2.9%
Net Margin
-112.0%
0.2%
Revenue YoY
38.4%
2.7%
Net Profit YoY
-6670.3%
101.8%
EPS (diluted)
$0.00

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
GPUS
GPUS
XTNT
XTNT
Q4 25
$26.9M
$32.4M
Q3 25
$24.3M
$33.3M
Q2 25
$25.9M
$35.4M
Q1 25
$25.0M
$32.9M
Q4 24
$19.4M
$31.5M
Q3 24
$31.1M
$27.9M
Q2 24
$17.8M
$29.9M
Q1 24
$38.4M
$27.9M
Net Profit
GPUS
GPUS
XTNT
XTNT
Q4 25
$-30.1M
$57.0K
Q3 25
$-13.0M
$1.3M
Q2 25
$-19.1M
$3.5M
Q1 25
$-4.2M
$58.0K
Q4 24
$-445.0K
$-3.2M
Q3 24
$-25.5M
$-5.0M
Q2 24
$-33.9M
$-3.9M
Q1 24
$3.7M
$-4.4M
Gross Margin
GPUS
GPUS
XTNT
XTNT
Q4 25
14.5%
54.9%
Q3 25
25.8%
66.1%
Q2 25
23.7%
68.6%
Q1 25
21.1%
61.5%
Q4 24
6.5%
50.9%
Q3 24
27.5%
58.4%
Q2 24
-21.3%
62.1%
Q1 24
47.4%
62.1%
Operating Margin
GPUS
GPUS
XTNT
XTNT
Q4 25
-117.8%
-2.9%
Q3 25
-57.8%
7.6%
Q2 25
-39.2%
13.1%
Q1 25
-25.5%
3.2%
Q4 24
-46.8%
-6.0%
Q3 24
-79.2%
-13.5%
Q2 24
-151.4%
-9.8%
Q1 24
9.5%
-12.4%
Net Margin
GPUS
GPUS
XTNT
XTNT
Q4 25
-112.0%
0.2%
Q3 25
-53.5%
3.9%
Q2 25
-73.7%
10.0%
Q1 25
-16.8%
0.2%
Q4 24
-2.3%
-10.0%
Q3 24
-82.3%
-18.0%
Q2 24
-190.7%
-12.9%
Q1 24
9.7%
-15.8%
EPS (diluted)
GPUS
GPUS
XTNT
XTNT
Q4 25
$0.00
Q3 25
$-0.39
$0.01
Q2 25
$-2.66
$0.02
Q1 25
$0.00
Q4 24
$-8.78
$-0.02
Q3 24
$-24.82
$-0.04
Q2 24
$-37.81
$-0.03
Q1 24
$3.32
$-0.03

Balance Sheet & Financial Strength

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

Metric
GPUS
GPUS
XTNT
XTNT
Cash + ST InvestmentsLiquidity on hand
$13.1M
$17.1M
Total DebtLower is stronger
$83.1M
$11.0M
Stockholders' EquityBook value
$119.8M
$51.0M
Total Assets
$313.7M
$94.1M
Debt / EquityLower = less leverage
0.69×
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GPUS
GPUS
XTNT
XTNT
Q4 25
$13.1M
$17.1M
Q3 25
$24.8M
$10.4M
Q2 25
$5.9M
$6.9M
Q1 25
$4.2M
$5.0M
Q4 24
$4.5M
$6.2M
Q3 24
$7.9M
$6.6M
Q2 24
$9.6M
$5.4M
Q1 24
$18.9M
$4.5M
Total Debt
GPUS
GPUS
XTNT
XTNT
Q4 25
$83.1M
$11.0M
Q3 25
$80.0M
$17.4M
Q2 25
$88.5M
$22.3M
Q1 25
$92.8M
$22.2M
Q4 24
$96.7M
$22.0M
Q3 24
$104.8M
$19.1M
Q2 24
$106.8M
$21.8M
Q1 24
$30.0M
$16.8M
Stockholders' Equity
GPUS
GPUS
XTNT
XTNT
Q4 25
$119.8M
$51.0M
Q3 25
$55.9M
$50.4M
Q2 25
$5.5M
$48.5M
Q1 25
$6.3M
$43.9M
Q4 24
$8.6M
$43.0M
Q3 24
$2.7M
$45.7M
Q2 24
$26.7M
$45.0M
Q1 24
$59.0M
$47.7M
Total Assets
GPUS
GPUS
XTNT
XTNT
Q4 25
$313.7M
$94.1M
Q3 25
$242.4M
$106.3M
Q2 25
$213.5M
$103.5M
Q1 25
$218.5M
$95.8M
Q4 24
$220.8M
$93.8M
Q3 24
$231.5M
$98.9M
Q2 24
$270.8M
$95.6M
Q1 24
$299.8M
$93.9M
Debt / Equity
GPUS
GPUS
XTNT
XTNT
Q4 25
0.69×
0.22×
Q3 25
1.43×
0.35×
Q2 25
16.06×
0.46×
Q1 25
14.71×
0.51×
Q4 24
11.19×
0.51×
Q3 24
38.41×
0.42×
Q2 24
4.00×
0.48×
Q1 24
0.51×
0.35×

Cash Flow & Capital Efficiency

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

Metric
GPUS
GPUS
XTNT
XTNT
Operating Cash FlowLast quarter
$-37.7M
$5.4M
Free Cash FlowOCF − Capex
$-56.2M
$5.0M
FCF MarginFCF / Revenue
-208.7%
15.4%
Capex IntensityCapex / Revenue
68.6%
1.2%
Cash ConversionOCF / Net Profit
94.39×
TTM Free Cash FlowTrailing 4 quarters
$-87.1M
$10.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GPUS
GPUS
XTNT
XTNT
Q4 25
$-37.7M
$5.4M
Q3 25
$-17.8M
$4.6M
Q2 25
$-3.1M
$1.3M
Q1 25
$-4.0M
$1.3M
Q4 24
$-9.2M
$665.0K
Q3 24
$3.7M
$-1.7M
Q2 24
$-3.7M
$-5.1M
Q1 24
$-10.2M
$-5.8M
Free Cash Flow
GPUS
GPUS
XTNT
XTNT
Q4 25
$-56.2M
$5.0M
Q3 25
$-20.6M
$4.2M
Q2 25
$-3.5M
$910.0K
Q1 25
$-6.8M
$87.0K
Q4 24
$-9.3M
$-7.0K
Q3 24
$2.6M
$-3.8M
Q2 24
$-5.9M
$-5.7M
Q1 24
$-11.6M
$-6.5M
FCF Margin
GPUS
GPUS
XTNT
XTNT
Q4 25
-208.7%
15.4%
Q3 25
-84.5%
12.6%
Q2 25
-13.5%
2.6%
Q1 25
-27.3%
0.3%
Q4 24
-47.6%
-0.0%
Q3 24
8.4%
-13.7%
Q2 24
-33.4%
-18.9%
Q1 24
-30.3%
-23.4%
Capex Intensity
GPUS
GPUS
XTNT
XTNT
Q4 25
68.6%
1.2%
Q3 25
11.5%
1.3%
Q2 25
1.5%
1.0%
Q1 25
11.5%
3.6%
Q4 24
0.3%
2.1%
Q3 24
3.6%
7.5%
Q2 24
12.6%
1.9%
Q1 24
3.7%
2.8%
Cash Conversion
GPUS
GPUS
XTNT
XTNT
Q4 25
94.39×
Q3 25
3.53×
Q2 25
0.36×
Q1 25
22.03×
Q4 24
Q3 24
Q2 24
Q1 24
-2.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GPUS
GPUS

Transferred Over Time$10.4M39%
Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities$5.8M21%
Hotel And Real Estate Operations$4.8M18%
Other$4.0M15%
Turn On Green$2.0M7%

XTNT
XTNT

Orthobiologics$18.3M57%
Spinal Implant$9.4M29%
License Revenue$4.6M14%

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