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Side-by-side financial comparison of Vyome Holdings, Inc (HIND) and MultiSensor AI Holdings, Inc. (MSAI). Click either name above to swap in a different company.

MultiSensor AI Holdings, Inc. is the larger business by last-quarter revenue ($1.4M vs $1.2M, roughly 1.1× Vyome Holdings, Inc). MultiSensor AI Holdings, Inc. runs the higher net margin — -164.1% vs -211.8%, a 47.6% gap on every dollar of revenue. On growth, MultiSensor AI Holdings, Inc. posted the faster year-over-year revenue change (-0.9% vs -36.8%). Over the past eight quarters, MultiSensor AI Holdings, Inc.'s revenue compounded faster (-21.9% CAGR vs -24.1%).

Vyome Holdings, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative therapeutic solutions for a range of dermatological conditions. Its product pipeline targets unmet medical needs related to acne, atopic dermatitis, and chronic fungal infections, with primary operations and market presence across North America and South Asia.

Figure AI, Inc. is an American robotics company developing AI-powered humanoid robots. The company was founded in 2022 by Brett Adcock, also known for founding Archer Aviation and Vettery.

HIND vs MSAI — Head-to-Head

Bigger by revenue
MSAI
MSAI
1.1× larger
MSAI
$1.4M
$1.2M
HIND
Growing faster (revenue YoY)
MSAI
MSAI
+35.9% gap
MSAI
-0.9%
-36.8%
HIND
Higher net margin
MSAI
MSAI
47.6% more per $
MSAI
-164.1%
-211.8%
HIND
Faster 2-yr revenue CAGR
MSAI
MSAI
Annualised
MSAI
-21.9%
-24.1%
HIND

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
HIND
HIND
MSAI
MSAI
Revenue
$1.2M
$1.4M
Net Profit
$-2.6M
$-2.3M
Gross Margin
48.2%
Operating Margin
-222.4%
-171.6%
Net Margin
-211.8%
-164.1%
Revenue YoY
-36.8%
-0.9%
Net Profit YoY
-64.9%
23.7%
EPS (diluted)
$-2.25
$-0.02

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
HIND
HIND
MSAI
MSAI
Q4 25
$1.4M
Q3 25
$1.6M
Q2 25
$1.2M
$1.4M
Q1 25
$1.1M
$1.2M
Q4 24
$1.8M
$1.4M
Q3 24
$2.3M
$1.6M
Q2 24
$2.0M
$2.1M
Q1 24
$1.9M
$2.3M
Net Profit
HIND
HIND
MSAI
MSAI
Q4 25
$-2.3M
Q3 25
$-1.7M
Q2 25
$-2.6M
$-3.3M
Q1 25
$1.5M
$-4.4M
Q4 24
$2.9M
$-3.0M
Q3 24
$-547.8K
$-8.2M
Q2 24
$-1.6M
$-6.4M
Q1 24
$-2.2M
$-3.9M
Gross Margin
HIND
HIND
MSAI
MSAI
Q4 25
Q3 25
Q2 25
48.2%
Q1 25
61.2%
Q4 24
-118.6%
Q3 24
1.6%
Q2 24
57.7%
Q1 24
59.9%
Operating Margin
HIND
HIND
MSAI
MSAI
Q4 25
-171.6%
Q3 25
-107.6%
Q2 25
-222.4%
-233.8%
Q1 25
-198.2%
-394.6%
Q4 24
-199.6%
Q3 24
-12.3%
-541.5%
Q2 24
-104.5%
-228.1%
Q1 24
-113.7%
-112.7%
Net Margin
HIND
HIND
MSAI
MSAI
Q4 25
-164.1%
Q3 25
-106.5%
Q2 25
-211.8%
-234.1%
Q1 25
132.4%
-379.1%
Q4 24
160.0%
-213.2%
Q3 24
-23.9%
-511.5%
Q2 24
-81.2%
-300.8%
Q1 24
-112.8%
-172.4%
EPS (diluted)
HIND
HIND
MSAI
MSAI
Q4 25
$-0.02
Q3 25
$-0.05
Q2 25
$-2.25
$-0.10
Q1 25
$18.98
$-0.14
Q4 24
$-4355.36
$0.07
Q3 24
$-1419.10
$-0.34
Q2 24
$-91.56
$-0.47
Q1 24
$-135.37
$-0.33

Balance Sheet & Financial Strength

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

Metric
HIND
HIND
MSAI
MSAI
Cash + ST InvestmentsLiquidity on hand
$24.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-5.0M
$32.0M
Total Assets
$35.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIND
HIND
MSAI
MSAI
Q4 25
$24.4M
Q3 25
$1.1M
Q2 25
$3.2M
Q1 25
$2.5M
$4.7M
Q4 24
$101.9K
$4.4M
Q3 24
$743.0K
$8.6M
Q2 24
$12.0K
$234.0K
Q1 24
$2.4M
$491.0K
Total Debt
HIND
HIND
MSAI
MSAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$642.0K
Q1 24
$2.8M
Stockholders' Equity
HIND
HIND
MSAI
MSAI
Q4 25
$32.0M
Q3 25
$8.3M
Q2 25
$-5.0M
$9.8M
Q1 25
$1.2M
$12.9M
Q4 24
$-4.4M
$12.3M
Q3 24
$1.5M
$15.6M
Q2 24
$-4.0M
$1.6M
Q1 24
$4.5M
$1.4M
Total Assets
HIND
HIND
MSAI
MSAI
Q4 25
$35.5M
Q3 25
$11.9M
Q2 25
$14.6M
Q1 25
$6.5M
$16.4M
Q4 24
$1.4M
$15.5M
Q3 24
$1.3M
$18.9M
Q2 24
$-614.0K
$16.4M
Q1 24
$8.2M
$14.1M
Debt / Equity
HIND
HIND
MSAI
MSAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.41×
Q1 24
2.04×

Cash Flow & Capital Efficiency

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

Metric
HIND
HIND
MSAI
MSAI
Operating Cash FlowLast quarter
$-2.2M
Free Cash FlowOCF − Capex
$-2.6M
FCF MarginFCF / Revenue
-187.3%
Capex IntensityCapex / Revenue
26.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIND
HIND
MSAI
MSAI
Q4 25
$-2.2M
Q3 25
$-1.8M
Q2 25
$-804.0K
Q1 25
$-2.1M
$-3.2M
Q4 24
$-3.1M
Q3 24
$1.5M
$-12.7M
Q2 24
$-303.0K
Q1 24
$-2.1M
$492.0K
Free Cash Flow
HIND
HIND
MSAI
MSAI
Q4 25
$-2.6M
Q3 25
$-2.1M
Q2 25
$-1.3M
Q1 25
$-3.6M
Q4 24
$-4.1M
Q3 24
$-13.2M
Q2 24
$-844.0K
Q1 24
$-79.0K
FCF Margin
HIND
HIND
MSAI
MSAI
Q4 25
-187.3%
Q3 25
-136.1%
Q2 25
-91.5%
Q1 25
-308.6%
Q4 24
-294.6%
Q3 24
-823.2%
Q2 24
-39.7%
Q1 24
-3.5%
Capex Intensity
HIND
HIND
MSAI
MSAI
Q4 25
26.2%
Q3 25
21.5%
Q2 25
34.8%
Q1 25
37.2%
Q4 24
76.2%
Q3 24
30.5%
Q2 24
25.5%
Q1 24
25.1%
Cash Conversion
HIND
HIND
MSAI
MSAI
Q4 25
Q3 25
Q2 25
Q1 25
-1.44×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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