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Side-by-side financial comparison of INNEOVA Holdings Ltd (INEO) and Neuronetics, Inc. (STIM). Click either name above to swap in a different company.

Neuronetics, Inc. is the larger business by last-quarter revenue ($41.8M vs $30.8M, roughly 1.4× INNEOVA Holdings Ltd). INNEOVA Holdings Ltd runs the higher net margin — 0.8% vs -17.2%, a 18.0% gap on every dollar of revenue. Neuronetics, Inc. produced more free cash flow last quarter ($692.0K vs $-1.5M).

Neuronetics is a Malvern, PA based, publicly traded company incorporated in Delaware in April 2003, that develops non-invasive treatments for psychiatric disorders that have shown resistance or lack of improvement using traditional medicine. The treatments are based upon neuromodulation technology. 

INEO vs STIM — Head-to-Head

Bigger by revenue
STIM
STIM
1.4× larger
STIM
$41.8M
$30.8M
INEO
Higher net margin
INEO
INEO
18.0% more per $
INEO
0.8%
-17.2%
STIM
More free cash flow
STIM
STIM
$2.2M more FCF
STIM
$692.0K
$-1.5M
INEO

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
INEO
INEO
STIM
STIM
Revenue
$30.8M
$41.8M
Net Profit
$243.0K
$-7.2M
Gross Margin
19.3%
52.0%
Operating Margin
3.6%
-12.1%
Net Margin
0.8%
-17.2%
Revenue YoY
85.7%
Net Profit YoY
43.2%
EPS (diluted)
$0.02
$-0.10

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
INEO
INEO
STIM
STIM
Q4 25
$41.8M
Q3 25
$37.3M
Q2 25
$30.8M
$38.1M
Q1 25
$32.0M
Q4 24
$22.5M
Q3 24
$18.5M
Q2 24
$16.4M
Q1 24
$17.4M
Net Profit
INEO
INEO
STIM
STIM
Q4 25
$-7.2M
Q3 25
$-9.0M
Q2 25
$243.0K
$-10.1M
Q1 25
$-12.7M
Q4 24
$-12.7M
Q3 24
$-13.3M
Q2 24
$-9.8M
Q1 24
$-7.9M
Gross Margin
INEO
INEO
STIM
STIM
Q4 25
52.0%
Q3 25
45.9%
Q2 25
19.3%
46.6%
Q1 25
49.2%
Q4 24
66.2%
Q3 24
75.6%
Q2 24
74.0%
Q1 24
75.1%
Operating Margin
INEO
INEO
STIM
STIM
Q4 25
-12.1%
Q3 25
-19.6%
Q2 25
3.6%
-21.1%
Q1 25
-34.4%
Q4 24
-51.0%
Q3 24
-41.7%
Q2 24
-51.7%
Q1 24
-39.4%
Net Margin
INEO
INEO
STIM
STIM
Q4 25
-17.2%
Q3 25
-24.3%
Q2 25
0.8%
-26.6%
Q1 25
-39.6%
Q4 24
-56.4%
Q3 24
-72.0%
Q2 24
-59.8%
Q1 24
-45.2%
EPS (diluted)
INEO
INEO
STIM
STIM
Q4 25
$-0.10
Q3 25
$-0.13
Q2 25
$0.02
$-0.15
Q1 25
$-0.21
Q4 24
$-0.34
Q3 24
$-0.44
Q2 24
$-0.33
Q1 24
$-0.27

Balance Sheet & Financial Strength

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

Metric
INEO
INEO
STIM
STIM
Cash + ST InvestmentsLiquidity on hand
$2.1M
$28.1M
Total DebtLower is stronger
$2.9M
$65.8M
Stockholders' EquityBook value
$11.2M
$22.4M
Total Assets
$52.6M
$141.6M
Debt / EquityLower = less leverage
0.26×
2.94×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INEO
INEO
STIM
STIM
Q4 25
$28.1M
Q3 25
$28.0M
Q2 25
$2.1M
$11.0M
Q1 25
$20.2M
Q4 24
$18.5M
Q3 24
$20.9M
Q2 24
$42.6M
Q1 24
$47.7M
Total Debt
INEO
INEO
STIM
STIM
Q4 25
$65.8M
Q3 25
$65.7M
Q2 25
$2.9M
$55.5M
Q1 25
$55.3M
Q4 24
$55.2M
Q3 24
$46.0M
Q2 24
$59.8M
Q1 24
$59.4M
Stockholders' Equity
INEO
INEO
STIM
STIM
Q4 25
$22.4M
Q3 25
$27.4M
Q2 25
$11.2M
$27.1M
Q1 25
$35.5M
Q4 24
$27.7M
Q3 24
$9.4M
Q2 24
$19.4M
Q1 24
$27.7M
Total Assets
INEO
INEO
STIM
STIM
Q4 25
$141.6M
Q3 25
$145.5M
Q2 25
$52.6M
$134.7M
Q1 25
$142.0M
Q4 24
$140.9M
Q3 24
Q2 24
$96.8M
Q1 24
$103.8M
Debt / Equity
INEO
INEO
STIM
STIM
Q4 25
2.94×
Q3 25
2.40×
Q2 25
0.26×
2.05×
Q1 25
1.56×
Q4 24
1.99×
Q3 24
4.90×
Q2 24
3.08×
Q1 24
2.15×

Cash Flow & Capital Efficiency

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

Metric
INEO
INEO
STIM
STIM
Operating Cash FlowLast quarter
$-301.0K
$908.0K
Free Cash FlowOCF − Capex
$-1.5M
$692.0K
FCF MarginFCF / Revenue
-4.8%
1.7%
Capex IntensityCapex / Revenue
3.8%
0.5%
Cash ConversionOCF / Net Profit
-1.24×
TTM Free Cash FlowTrailing 4 quarters
$-21.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INEO
INEO
STIM
STIM
Q4 25
$908.0K
Q3 25
$-785.0K
Q2 25
$-301.0K
$-3.5M
Q1 25
$-17.0M
Q4 24
$-8.6M
Q3 24
$-5.4M
Q2 24
$-5.0M
Q1 24
$-12.0M
Free Cash Flow
INEO
INEO
STIM
STIM
Q4 25
$692.0K
Q3 25
$-899.0K
Q2 25
$-1.5M
$-3.8M
Q1 25
$-17.2M
Q4 24
$-8.7M
Q3 24
$-5.8M
Q2 24
$-5.6M
Q1 24
$-12.4M
FCF Margin
INEO
INEO
STIM
STIM
Q4 25
1.7%
Q3 25
-2.4%
Q2 25
-4.8%
-9.9%
Q1 25
-53.8%
Q4 24
-38.6%
Q3 24
-31.3%
Q2 24
-34.0%
Q1 24
-71.1%
Capex Intensity
INEO
INEO
STIM
STIM
Q4 25
0.5%
Q3 25
0.3%
Q2 25
3.8%
0.7%
Q1 25
0.7%
Q4 24
0.4%
Q3 24
2.1%
Q2 24
3.7%
Q1 24
2.2%
Cash Conversion
INEO
INEO
STIM
STIM
Q4 25
Q3 25
Q2 25
-1.24×
Q1 25
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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