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Side-by-side financial comparison of GAXOS.AI INC. (GXAI) and Pulmatrix, Inc. (PULM). Click either name above to swap in a different company.

Pulmatrix, Inc. is the larger business by last-quarter revenue ($1.6M vs $1.2M, roughly 1.3× GAXOS.AI INC.). GAXOS.AI INC. runs the higher net margin — -77.2% vs -374.4%, a 297.2% gap on every dollar of revenue. On growth, GAXOS.AI INC. posted the faster year-over-year revenue change (94996.3% vs -15.8%).

Pulmatrix, Inc. is a clinical-stage biopharmaceutical firm specializing in developing innovative inhaled therapies for severe respiratory diseases including chronic obstructive pulmonary disease, cystic fibrosis and idiopathic pulmonary fibrosis. It uses its proprietary dry powder platform to improve inhaled medication efficacy and safety, advancing its product candidate pipeline via partnerships with global pharmaceutical players.

GXAI vs PULM — Head-to-Head

Bigger by revenue
PULM
PULM
1.3× larger
PULM
$1.6M
$1.2M
GXAI
Growing faster (revenue YoY)
GXAI
GXAI
+95012.2% gap
GXAI
94996.3%
-15.8%
PULM
Higher net margin
GXAI
GXAI
297.2% more per $
GXAI
-77.2%
-374.4%
PULM

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
GXAI
GXAI
PULM
PULM
Revenue
$1.2M
$1.6M
Net Profit
$-957.9K
$-5.8M
Gross Margin
Operating Margin
-99.0%
-380.2%
Net Margin
-77.2%
-374.4%
Revenue YoY
94996.3%
-15.8%
Net Profit YoY
-15.1%
-52.3%
EPS (diluted)
$-0.13
$-1.59

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
GXAI
GXAI
PULM
PULM
Q4 25
$1.2M
Q3 25
$498.3K
Q2 25
$171.0K
Q2 24
$0
$1.6M
Q1 24
$5.9M
Q4 23
$2.2M
Q3 23
$1.8M
Q2 23
$1.8M
Net Profit
GXAI
GXAI
PULM
PULM
Q4 25
$-957.9K
Q3 25
$-1.0M
Q2 25
$-749.4K
Q2 24
$-809.2K
$-5.8M
Q1 24
$825.0K
Q4 23
$-2.1M
Q3 23
$-3.8M
Q2 23
$-3.8M
Operating Margin
GXAI
GXAI
PULM
PULM
Q4 25
-99.0%
Q3 25
-263.9%
Q2 25
-574.8%
Q2 24
-380.2%
Q1 24
12.7%
Q4 23
-101.0%
Q3 23
-224.7%
Q2 23
-216.4%
Net Margin
GXAI
GXAI
PULM
PULM
Q4 25
-77.2%
Q3 25
-201.0%
Q2 25
-438.3%
Q2 24
-374.4%
Q1 24
14.0%
Q4 23
-94.6%
Q3 23
-215.3%
Q2 23
-206.9%
EPS (diluted)
GXAI
GXAI
PULM
PULM
Q4 25
$-0.13
Q3 25
$-0.14
Q2 25
$-0.11
Q2 24
$-0.72
$-1.59
Q1 24
$0.23
Q4 23
$-0.58
Q3 23
$-1.03
Q2 23
$-1.04

Balance Sheet & Financial Strength

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

Metric
GXAI
GXAI
PULM
PULM
Cash + ST InvestmentsLiquidity on hand
$840.5K
$12.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$13.1M
$13.3M
Total Assets
$13.4M
$15.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GXAI
GXAI
PULM
PULM
Q4 25
$840.5K
Q3 25
Q2 25
Q2 24
$4.5M
$12.4M
Q1 24
$16.3M
Q4 23
$19.2M
Q3 23
$21.3M
Q2 23
$25.8M
Stockholders' Equity
GXAI
GXAI
PULM
PULM
Q4 25
$13.1M
Q3 25
$14.1M
Q2 25
$15.0M
Q2 24
$4.7M
$13.3M
Q1 24
$19.0M
Q4 23
$18.0M
Q3 23
$19.9M
Q2 23
$23.4M
Total Assets
GXAI
GXAI
PULM
PULM
Q4 25
$13.4M
Q3 25
$14.3M
Q2 25
$15.4M
Q2 24
$5.1M
$15.8M
Q1 24
$30.4M
Q4 23
$34.0M
Q3 23
$36.8M
Q2 23
$31.4M

Cash Flow & Capital Efficiency

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

Metric
GXAI
GXAI
PULM
PULM
Operating Cash FlowLast quarter
$-733.1K
$-3.7M
Free Cash FlowOCF − Capex
$-3.9M
FCF MarginFCF / Revenue
-252.6%
Capex IntensityCapex / Revenue
15.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GXAI
GXAI
PULM
PULM
Q4 25
$-733.1K
Q3 25
$-1.1M
Q2 25
$-716.9K
Q2 24
$-738.5K
$-3.7M
Q1 24
$-2.7M
Q4 23
$-2.0M
Q3 23
$-4.1M
Q2 23
$-4.9M
Free Cash Flow
GXAI
GXAI
PULM
PULM
Q4 25
Q3 25
Q2 25
Q2 24
$-3.9M
Q1 24
$-2.9M
Q4 23
Q3 23
$-4.5M
Q2 23
FCF Margin
GXAI
GXAI
PULM
PULM
Q4 25
Q3 25
Q2 25
Q2 24
-252.6%
Q1 24
-48.8%
Q4 23
Q3 23
-254.1%
Q2 23
Capex Intensity
GXAI
GXAI
PULM
PULM
Q4 25
Q3 25
Q2 25
Q2 24
15.7%
Q1 24
2.6%
Q4 23
Q3 23
17.9%
Q2 23
Cash Conversion
GXAI
GXAI
PULM
PULM
Q4 25
Q3 25
Q2 25
Q2 24
Q1 24
-3.30×
Q4 23
Q3 23
Q2 23

Financial Flow Comparison

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

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