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Side-by-side financial comparison of HeartSciences Inc. (HSCS) and XBiotech Inc. (XBIT). Click either name above to swap in a different company.
Meril Life Sciences is an Indian multinational medical device company, with headquarters in Vapi, Gujarat, India. It was founded in 2006 and is a part of the Bilakhia Group. The company is engaged in the manufacturing of vascular intervention devices, orthopedic implants, robotics, endosurgery, ENT products and in-vitro diagnostics. Meril Life Sciences operates in over 150 countries and has employed 10000 people, as of 2024.
XBiotech Inc. is a clinical-stage biopharmaceutical company based in Austin, Texas. It specializes in the research and development of human-derived antibody therapeutics for multiple diseases, including cancer, rheumatological, and infectious diseases.
HSCS vs XBIT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2023
| Metric | | |
|---|---|---|
| Revenue | $2.4K | $0 |
| Net Profit | $-2.4M | $-4.6M |
| Gross Margin | 58.3% | — |
| Operating Margin | -85713.2% | — |
| Net Margin | -97179.4% | — |
| Revenue YoY | — | — |
| Net Profit YoY | -12.9% | -44.7% |
| EPS (diluted) | $-0.85 | — |
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 | $2.4K | — | ||
| Q3 25 | $1.9K | — | ||
| Q1 25 | $0 | — | ||
| Q1 24 | $14.7K | — | ||
| Q4 23 | $3.9K | $0 | ||
| Q3 23 | — | $0 | ||
| Q2 23 | $0 | $0 | ||
| Q1 23 | $1.9K | $0 |
| Q4 25 | $-2.4M | — | ||
| Q3 25 | $-2.1M | — | ||
| Q1 25 | $-2.5M | — | ||
| Q1 24 | $-1.6M | — | ||
| Q4 23 | $-1.7M | $-4.6M | ||
| Q3 23 | — | $-7.4M | ||
| Q2 23 | $-1.6M | $-8.7M | ||
| Q1 23 | $-1.3M | $-3.8M |
| Q4 25 | 58.3% | — | ||
| Q3 25 | 60.0% | — | ||
| Q1 25 | — | — | ||
| Q1 24 | 69.0% | — | ||
| Q4 23 | 61.0% | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q1 23 | 61.0% | — |
| Q4 25 | -85713.2% | — | ||
| Q3 25 | -98637.8% | — | ||
| Q1 25 | — | — | ||
| Q1 24 | -10376.7% | — | ||
| Q4 23 | -40254.9% | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q1 23 | -67143.7% | — |
| Q4 25 | -97179.4% | — | ||
| Q3 25 | -108157.6% | — | ||
| Q1 25 | — | — | ||
| Q1 24 | -11182.4% | — | ||
| Q4 23 | -44830.2% | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q1 23 | -68826.4% | — |
| Q4 25 | $-0.85 | — | ||
| Q3 25 | $-1.58 | — | ||
| Q1 25 | $-2.57 | — | ||
| Q1 24 | $-3.01 | — | ||
| Q4 23 | $-15.92 | — | ||
| Q3 23 | — | — | ||
| Q2 23 | $-79.34 | — | ||
| Q1 23 | $-0.16 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.0M | $200.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.2M | $218.8M |
| Total Assets | $6.0M | $226.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0M | — | ||
| Q3 25 | $2.8M | — | ||
| Q1 25 | $2.6M | — | ||
| Q1 24 | $7.1M | — | ||
| Q4 23 | $100.1K | $200.0M | ||
| Q3 23 | — | $202.2M | ||
| Q2 23 | $1.7M | $204.8M | ||
| Q1 23 | $1.9M | $212.7M |
| Q4 25 | $4.2M | — | ||
| Q3 25 | $3.1M | — | ||
| Q1 25 | $1.8M | — | ||
| Q1 24 | $8.6M | — | ||
| Q4 23 | $-1.6M | $218.8M | ||
| Q3 23 | — | $222.7M | ||
| Q2 23 | $230.6K | $229.1M | ||
| Q1 23 | $-257.9K | $236.9M |
| Q4 25 | $6.0M | — | ||
| Q3 25 | $6.4M | — | ||
| Q1 25 | $5.7M | — | ||
| Q1 24 | $10.8M | — | ||
| Q4 23 | $2.4M | $226.6M | ||
| Q3 23 | — | $229.6M | ||
| Q2 23 | $3.3M | $235.1M | ||
| Q1 23 | $3.5M | $242.1M |
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 | $-2.3M | $-3.4M |
| Free Cash FlowOCF − Capex | — | $-3.5M |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.3M | — | ||
| Q3 25 | $-2.0M | — | ||
| Q1 25 | $-1.6M | — | ||
| Q1 24 | $-2.1M | — | ||
| Q4 23 | $-988.2K | $-3.4M | ||
| Q3 23 | — | $-1.5M | ||
| Q2 23 | $-1.9M | $-9.0M | ||
| Q1 23 | $-1.0M | $-4.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q1 24 | $-2.1M | — | ||
| Q4 23 | $-990.1K | $-3.5M | ||
| Q3 23 | — | $-1.5M | ||
| Q2 23 | $-1.9M | $-9.2M | ||
| Q1 23 | $-1.0M | $-4.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q1 24 | -14352.1% | — | ||
| Q4 23 | -25388.2% | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q1 23 | -52486.8% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q1 24 | 59.8% | — | ||
| Q4 23 | 50.1% | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q1 23 | 177.9% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
