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Side-by-side financial comparison of Healthcare Triangle, Inc. (HCTI) and Pony AI Inc. (PONY). Click either name above to swap in a different company.

Healthcare Triangle, Inc. is the larger business by last-quarter revenue ($3.1M vs $2.1M, roughly 1.5× Pony AI Inc.). Healthcare Triangle, Inc. runs the higher net margin — -143.4% vs -284.8%, a 141.4% gap on every dollar of revenue.

Healthcare Triangle, Inc. is a healthcare technology firm that delivers cloud-native data management platforms, AI-powered clinical analytics, and digital workflow solutions. It serves U.S. healthcare providers, payers, and life science organizations, supporting clinical decision-making, care coordination, and operational efficiency across the care continuum.

Pony Canyon Inc. , also known by the shorthand form Ponican , is a Japanese company, established on October 1, 1966, which distributes music, films, home video, and video games. It is affiliated with the Japanese media group Fujisankei Communications Group. Pony Canyon is a major leader in the music industry in Japan, with its artists regularly at the top of the Japanese charts. Pony Canyon is also responsible for releasing taped concerts from its artists as well as many anime productions and...

HCTI vs PONY — Head-to-Head

Bigger by revenue
HCTI
HCTI
1.5× larger
HCTI
$3.1M
$2.1M
PONY
Higher net margin
HCTI
HCTI
141.4% more per $
HCTI
-143.4%
-284.8%
PONY

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HCTI
HCTI
PONY
PONY
Revenue
$3.1M
$2.1M
Net Profit
$-4.5M
$-5.9M
Gross Margin
9.2%
Operating Margin
-141.4%
-275.3%
Net Margin
-143.4%
-284.8%
Revenue YoY
43.4%
Net Profit YoY
-234.0%
EPS (diluted)
$-151.13
$-3.51

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
HCTI
HCTI
PONY
PONY
Q4 25
$3.1M
Q3 25
$3.5M
$2.1M
Q2 25
$3.6M
$1.7M
Q1 25
$3.7M
$1.9M
Q4 24
$2.2M
Q3 24
$2.4M
Q2 24
$3.0M
Q1 24
$4.1M
Net Profit
HCTI
HCTI
PONY
PONY
Q4 25
$-4.5M
Q3 25
$-1.9M
$-5.9M
Q2 25
$-1.4M
$-4.3M
Q1 25
$-1.7M
$-5.2M
Q4 24
$-1.3M
Q3 24
$-1.2M
Q2 24
$-1.5M
Q1 24
$-1.9M
Gross Margin
HCTI
HCTI
PONY
PONY
Q4 25
Q3 25
9.2%
Q2 25
Q1 25
16.6%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
HCTI
HCTI
PONY
PONY
Q4 25
-141.4%
Q3 25
-74.3%
-275.3%
Q2 25
-38.2%
-303.4%
Q1 25
-37.7%
-400.9%
Q4 24
-22.5%
Q3 24
-48.4%
Q2 24
-46.2%
Q1 24
-41.7%
Net Margin
HCTI
HCTI
PONY
PONY
Q4 25
-143.4%
Q3 25
-54.6%
-284.8%
Q2 25
-38.4%
-253.7%
Q1 25
-45.9%
-267.4%
Q4 24
-61.6%
Q3 24
-51.8%
Q2 24
-50.6%
Q1 24
-45.3%
EPS (diluted)
HCTI
HCTI
PONY
PONY
Q4 25
$-151.13
Q3 25
$-0.42
$-3.51
Q2 25
$-0.58
$-0.92
Q1 25
$-0.17
$-0.12
Q4 24
$-16783.38
Q3 24
$-54.78
Q2 24
$-70.72
Q1 24
$-0.42

Balance Sheet & Financial Strength

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

Metric
HCTI
HCTI
PONY
PONY
Cash + ST InvestmentsLiquidity on hand
$7.6M
$62.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.9M
$114.1M
Total Assets
$22.7M
$126.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCTI
HCTI
PONY
PONY
Q4 25
$7.6M
Q3 25
$1.6M
$62.5M
Q2 25
$84.9M
Q1 25
$6.8M
$86.8M
Q4 24
$20.0K
Q3 24
$28.0K
Q2 24
$29.0K
Q1 24
$301.0K
Total Debt
HCTI
HCTI
PONY
PONY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$888.0K
Stockholders' Equity
HCTI
HCTI
PONY
PONY
Q4 25
$9.9M
Q3 25
$8.7M
$114.1M
Q2 25
$10.2M
$120.6M
Q1 25
$8.6M
$126.4M
Q4 24
$-5.1M
Q3 24
$-1.8M
Q2 24
$-646.0K
Q1 24
$-511.0K
Total Assets
HCTI
HCTI
PONY
PONY
Q4 25
$22.7M
Q3 25
$13.8M
$126.5M
Q2 25
$14.6M
$138.3M
Q1 25
$11.8M
$134.0M
Q4 24
$2.0M
Q3 24
$4.8M
Q2 24
$6.0M
Q1 24
$6.9M

Cash Flow & Capital Efficiency

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

Metric
HCTI
HCTI
PONY
PONY
Operating Cash FlowLast quarter
$-6.8M
$-2.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCTI
HCTI
PONY
PONY
Q4 25
$-6.8M
Q3 25
$-1.5M
$-2.9M
Q2 25
$-2.6M
$-2.5M
Q1 25
$-5.6M
$-7.5M
Q4 24
$-811.0K
Q3 24
$715.0K
Q2 24
$-935.0K
Q1 24
$-50.0K
Free Cash Flow
HCTI
HCTI
PONY
PONY
Q4 25
Q3 25
$-1.5M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
HCTI
HCTI
PONY
PONY
Q4 25
Q3 25
-43.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
HCTI
HCTI
PONY
PONY
Q4 25
Q3 25
0.1%
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.

Revenue Breakdown by Segment

HCTI
HCTI

Software Services$2.4M78%
Managed Services And Support$609.0K19%
Other$88.0K3%

PONY
PONY

Segment breakdown not available.

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