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Side-by-side financial comparison of Insight Molecular Diagnostics Inc. (IMDX) and Phunware, Inc. (PHUN). Click either name above to swap in a different company.

Insight Molecular Diagnostics Inc. is the larger business by last-quarter revenue ($1.1M vs $1.0M, roughly 1.1× Phunware, Inc.). Phunware, Inc. runs the higher net margin — -260.2% vs -2015.4%, a 1755.1% gap on every dollar of revenue. On growth, Phunware, Inc. posted the faster year-over-year revenue change (-21.9% vs -23.4%). Over the past eight quarters, Insight Molecular Diagnostics Inc.'s revenue compounded faster (154.4% CAGR vs -53.9%).

Quest Diagnostics Incorporated is an American clinical laboratory. A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. Quest also maintains collaborative agreements with various hospitals and clinics across the globe.

Phunware Inc. is a publicly traded enterprise software company headquartered in Austin, Texas. Founded in 2009, Phunware builds cloud-based platforms that help brands and governments engage users across mobile and digital environments. Its core products include solutions for mobile app development, location-based services, digital advertising, and data-driven engagement.

IMDX vs PHUN — Head-to-Head

Bigger by revenue
IMDX
IMDX
1.1× larger
IMDX
$1.1M
$1.0M
PHUN
Growing faster (revenue YoY)
PHUN
PHUN
+1.4% gap
PHUN
-21.9%
-23.4%
IMDX
Higher net margin
PHUN
PHUN
1755.1% more per $
PHUN
-260.2%
-2015.4%
IMDX
Faster 2-yr revenue CAGR
IMDX
IMDX
Annualised
IMDX
154.4%
-53.9%
PHUN

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
IMDX
IMDX
PHUN
PHUN
Revenue
$1.1M
$1.0M
Net Profit
$-23.0M
$-2.6M
Gross Margin
42.5%
46.5%
Operating Margin
-2057.5%
-290.2%
Net Margin
-2015.4%
-260.2%
Revenue YoY
-23.4%
-21.9%
Net Profit YoY
31.5%
59.7%
EPS (diluted)
$-0.75
$-0.32

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
IMDX
IMDX
PHUN
PHUN
Q4 25
$1.1M
Q3 25
$260.0K
Q2 25
$518.0K
Q1 25
$2.1M
Q4 24
$1.5M
Q3 24
$115.0K
Q2 24
$104.0K
$1.0M
Q1 24
$176.0K
$921.0K
Net Profit
IMDX
IMDX
PHUN
PHUN
Q4 25
$-23.0M
Q3 25
$-10.9M
Q2 25
$-9.7M
Q1 25
$-6.7M
Q4 24
$-33.5M
Q3 24
$-13.5M
Q2 24
$-4.5M
$-2.6M
Q1 24
$-9.1M
$-2.3M
Gross Margin
IMDX
IMDX
PHUN
PHUN
Q4 25
42.5%
Q3 25
53.5%
Q2 25
67.6%
Q1 25
62.0%
Q4 24
40.0%
Q3 24
43.5%
Q2 24
48.1%
46.5%
Q1 24
25.6%
56.9%
Operating Margin
IMDX
IMDX
PHUN
PHUN
Q4 25
-2057.5%
Q3 25
-4249.2%
Q2 25
-1900.0%
Q1 25
-318.0%
Q4 24
-2262.9%
Q3 24
-11752.2%
Q2 24
-4453.8%
-290.2%
Q1 24
-5265.3%
-312.1%
Net Margin
IMDX
IMDX
PHUN
PHUN
Q4 25
-2015.4%
Q3 25
-4174.6%
Q2 25
-1880.7%
Q1 25
-312.0%
Q4 24
-2255.1%
Q3 24
-11733.0%
Q2 24
-4355.8%
-260.2%
Q1 24
-5186.9%
-248.9%
EPS (diluted)
IMDX
IMDX
PHUN
PHUN
Q4 25
$-0.75
Q3 25
$-0.34
Q2 25
$-0.30
Q1 25
$-0.26
Q4 24
$-2.19
Q3 24
$-0.98
Q2 24
$-0.36
$-0.32
Q1 24
$-1.13
$-0.33

Balance Sheet & Financial Strength

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

Metric
IMDX
IMDX
PHUN
PHUN
Cash + ST InvestmentsLiquidity on hand
$11.6M
$20.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-31.5M
$14.1M
Total Assets
$25.8M
$23.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMDX
IMDX
PHUN
PHUN
Q4 25
$11.6M
Q3 25
$18.7M
Q2 25
$24.3M
Q1 25
$31.0M
Q4 24
$8.6M
Q3 24
$3.4M
Q2 24
$9.3M
$20.4M
Q1 24
$5.6M
$21.6M
Stockholders' Equity
IMDX
IMDX
PHUN
PHUN
Q4 25
$-31.5M
Q3 25
$-9.2M
Q2 25
$1.1M
Q1 25
$10.2M
Q4 24
$-12.3M
Q3 24
$9.7M
Q2 24
$22.7M
$14.1M
Q1 24
$11.6M
$14.6M
Total Assets
IMDX
IMDX
PHUN
PHUN
Q4 25
$25.8M
Q3 25
$43.9M
Q2 25
$50.5M
Q1 25
$60.4M
Q4 24
$35.1M
Q3 24
$70.2M
Q2 24
$74.7M
$23.1M
Q1 24
$71.0M
$24.3M

Cash Flow & Capital Efficiency

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

Metric
IMDX
IMDX
PHUN
PHUN
Operating Cash FlowLast quarter
$-5.5M
$-2.7M
Free Cash FlowOCF − Capex
$-7.0M
FCF MarginFCF / Revenue
-616.7%
Capex IntensityCapex / Revenue
129.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMDX
IMDX
PHUN
PHUN
Q4 25
$-5.5M
Q3 25
$-4.5M
Q2 25
$-6.3M
Q1 25
$-5.9M
Q4 24
$-5.4M
Q3 24
$-5.5M
Q2 24
$-6.0M
$-2.7M
Q1 24
$-3.8M
$-5.5M
Free Cash Flow
IMDX
IMDX
PHUN
PHUN
Q4 25
$-7.0M
Q3 25
$-5.6M
Q2 25
$-6.6M
Q1 25
$-6.2M
Q4 24
$-5.6M
Q3 24
$-5.6M
Q2 24
$-6.2M
Q1 24
$-3.9M
FCF Margin
IMDX
IMDX
PHUN
PHUN
Q4 25
-616.7%
Q3 25
-2135.4%
Q2 25
-1279.5%
Q1 25
-288.4%
Q4 24
-374.5%
Q3 24
-4884.3%
Q2 24
-5931.7%
Q1 24
-2189.8%
Capex Intensity
IMDX
IMDX
PHUN
PHUN
Q4 25
129.9%
Q3 25
403.8%
Q2 25
67.4%
Q1 25
14.4%
Q4 24
14.4%
Q3 24
75.7%
Q2 24
183.7%
Q1 24
13.6%

Financial Flow Comparison

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

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