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Side-by-side financial comparison of MindWalk Holdings Corp. (HYFT) and Xos, Inc. (XOS). Click either name above to swap in a different company.
Xos, Inc. is the larger business by last-quarter revenue ($5.2M vs $3.0M, roughly 1.7× MindWalk Holdings Corp.). MindWalk Holdings Corp. runs the higher net margin — -94.5% vs -186.8%, a 92.3% gap on every dollar of revenue. On growth, MindWalk Holdings Corp. posted the faster year-over-year revenue change (52.4% vs -54.5%). Over the past eight quarters, MindWalk Holdings Corp.'s revenue compounded faster (-18.2% CAGR vs -35.7%).
Xos, Inc. is an American manufacturer of commercial electric vehicles (EVs) and mobile EV chargers.
HYFT vs XOS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.0M | $5.2M |
| Net Profit | $-2.9M | $-9.8M |
| Gross Margin | 59.3% | -50.5% |
| Operating Margin | — | -186.6% |
| Net Margin | -94.5% | -186.8% |
| Revenue YoY | 52.4% | -54.5% |
| Net Profit YoY | 81.7% | 48.6% |
| EPS (diluted) | — | $-0.76 |
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.
| Q1 26 | $3.0M | — | ||
| Q4 25 | $3.0M | $5.2M | ||
| Q3 25 | $2.3M | $16.5M | ||
| Q2 25 | $12.1M | $18.4M | ||
| Q1 25 | $2.0M | $5.9M | ||
| Q4 24 | $2.0M | $11.5M | ||
| Q3 24 | $3.8M | $15.8M | ||
| Q2 24 | — | $15.5M |
| Q1 26 | $-2.9M | — | ||
| Q4 25 | $-2.3M | $-9.8M | ||
| Q3 25 | $-2.2M | $2.1M | ||
| Q2 25 | — | $-7.5M | ||
| Q1 25 | $-15.7M | $-10.2M | ||
| Q4 24 | $-1.9M | $-19.0M | ||
| Q3 24 | $-2.9M | $-10.5M | ||
| Q2 24 | — | $-9.7M |
| Q1 26 | 59.3% | — | ||
| Q4 25 | 64.5% | -50.5% | ||
| Q3 25 | 48.3% | 15.3% | ||
| Q2 25 | 56.5% | 8.8% | ||
| Q1 25 | 64.6% | 20.6% | ||
| Q4 24 | 51.1% | -32.4% | ||
| Q3 24 | 19.2% | 18.1% | ||
| Q2 24 | — | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | -186.6% | ||
| Q3 25 | — | -42.4% | ||
| Q2 25 | — | -38.5% | ||
| Q1 25 | — | -157.7% | ||
| Q4 24 | — | -127.0% | ||
| Q3 24 | — | -61.4% | ||
| Q2 24 | — | -73.2% |
| Q1 26 | -94.5% | — | ||
| Q4 25 | -77.5% | -186.8% | ||
| Q3 25 | -93.6% | 12.9% | ||
| Q2 25 | — | -40.8% | ||
| Q1 25 | -788.9% | -173.3% | ||
| Q4 24 | -95.3% | -165.4% | ||
| Q3 24 | -76.0% | -66.6% | ||
| Q2 24 | — | -62.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.76 | ||
| Q3 25 | — | $0.22 | ||
| Q2 25 | — | $-0.91 | ||
| Q1 25 | — | $-1.26 | ||
| Q4 24 | — | $-2.34 | ||
| Q3 24 | — | $-1.32 | ||
| Q2 24 | — | $-1.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.4M | $14.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $10.8M | $23.3M |
| Total Assets | $16.8M | $60.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $10.4M | — | ||
| Q4 25 | $12.1M | $14.0M | ||
| Q3 25 | $3.7M | $14.1M | ||
| Q2 25 | $7.9M | $8.8M | ||
| Q1 25 | $9.5M | $4.8M | ||
| Q4 24 | $2.6M | $11.0M | ||
| Q3 24 | $2.9M | $8.4M | ||
| Q2 24 | — | $19.7M |
| Q1 26 | $10.8M | — | ||
| Q4 25 | $12.9M | $23.3M | ||
| Q3 25 | $15.1M | $31.1M | ||
| Q2 25 | $17.2M | $18.3M | ||
| Q1 25 | $18.2M | $24.8M | ||
| Q4 24 | $23.3M | $33.6M | ||
| Q3 24 | $24.0M | $50.8M | ||
| Q2 24 | — | $59.2M |
| Q1 26 | $16.8M | — | ||
| Q4 25 | $19.1M | $60.4M | ||
| Q3 25 | $29.7M | $73.8M | ||
| Q2 25 | $32.4M | $80.3M | ||
| Q1 25 | $33.2M | $87.7M | ||
| Q4 24 | $43.8M | $98.3M | ||
| Q3 24 | $43.3M | $120.5M | ||
| Q2 24 | — | $123.4M |
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 | — | $2.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $2.4M | ||
| Q3 25 | $-3.1M | $3.1M | ||
| Q2 25 | $-4.7M | $4.6M | ||
| Q1 25 | — | $-4.8M | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | $-1.3M | $-11.5M | ||
| Q2 24 | — | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-1.5M | $-11.7M | ||
| Q2 24 | — | $-26.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -39.6% | -73.9% | ||
| Q2 24 | — | -168.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | 5.0% | 0.9% | ||
| Q2 24 | — | 0.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
