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Side-by-side financial comparison of Ispire Technology Inc. (ISPR) and Maison Solutions Inc. (MSS). Click either name above to swap in a different company.

Maison Solutions Inc. is the larger business by last-quarter revenue ($27.6M vs $20.3M, roughly 1.4× Ispire Technology Inc.). Maison Solutions Inc. runs the higher net margin — -18.0% vs -32.5%, a 14.6% gap on every dollar of revenue. On growth, Maison Solutions Inc. posted the faster year-over-year revenue change (-10.9% vs -51.5%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs -17.8%).

Ispire Technology Inc. is a global tech firm specializing in R&D, manufacturing and sales of advanced vaporization hardware and supporting consumables. It serves nicotine and legal cannabis consumer markets, operates two core segments of hardware and branded cannabis products, covers North America, Europe and Asia-Pacific, delivering compliant innovative vapor solutions for B2B partners and end users.

Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.

ISPR vs MSS — Head-to-Head

Bigger by revenue
MSS
MSS
1.4× larger
MSS
$27.6M
$20.3M
ISPR
Growing faster (revenue YoY)
MSS
MSS
+40.6% gap
MSS
-10.9%
-51.5%
ISPR
Higher net margin
MSS
MSS
14.6% more per $
MSS
-18.0%
-32.5%
ISPR
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
-17.8%
ISPR

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
ISPR
ISPR
MSS
MSS
Revenue
$20.3M
$27.6M
Net Profit
$-6.6M
$-5.0M
Gross Margin
17.1%
23.4%
Operating Margin
-33.9%
-4.9%
Net Margin
-32.5%
-18.0%
Revenue YoY
-51.5%
-10.9%
Net Profit YoY
17.4%
-1840.5%
EPS (diluted)
$-0.12
$-0.23

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
ISPR
ISPR
MSS
MSS
Q4 25
$20.3M
$27.6M
Q3 25
$30.4M
$27.2M
Q2 25
$20.1M
$34.4M
Q1 25
$26.2M
$32.3M
Q4 24
$41.8M
$29.4M
Q3 24
$39.3M
$28.2M
Q2 24
$37.3M
$16.9M
Q1 24
$30.0M
$13.6M
Net Profit
ISPR
ISPR
MSS
MSS
Q4 25
$-6.6M
$-5.0M
Q3 25
$-3.3M
$-1.5M
Q2 25
$-14.8M
$-287.4K
Q1 25
$-10.9M
$1.0M
Q4 24
$-8.0M
$-256.0K
Q3 24
$-5.6M
$700.9K
Q2 24
$-3.5M
$-2.8M
Q1 24
$-5.9M
$-549.0K
Gross Margin
ISPR
ISPR
MSS
MSS
Q4 25
17.1%
23.4%
Q3 25
17.0%
24.1%
Q2 25
12.3%
9.5%
Q1 25
18.2%
21.8%
Q4 24
18.5%
26.9%
Q3 24
19.5%
28.9%
Q2 24
28.3%
13.0%
Q1 24
20.4%
23.4%
Operating Margin
ISPR
ISPR
MSS
MSS
Q4 25
-33.9%
-4.9%
Q3 25
-8.9%
0.7%
Q2 25
-72.7%
-15.9%
Q1 25
-40.4%
3.7%
Q4 24
-17.6%
3.2%
Q3 24
-13.4%
7.3%
Q2 24
-9.2%
-14.4%
Q1 24
-18.8%
-2.3%
Net Margin
ISPR
ISPR
MSS
MSS
Q4 25
-32.5%
-18.0%
Q3 25
-10.7%
-5.7%
Q2 25
-73.4%
-0.8%
Q1 25
-41.5%
3.1%
Q4 24
-19.1%
-0.9%
Q3 24
-14.2%
2.5%
Q2 24
-9.4%
-16.4%
Q1 24
-19.7%
-4.0%
EPS (diluted)
ISPR
ISPR
MSS
MSS
Q4 25
$-0.12
$-0.23
Q3 25
$-0.06
$-0.08
Q2 25
$-0.26
$-0.02
Q1 25
$-0.19
$0.06
Q4 24
$-0.14
$-0.01
Q3 24
$-0.10
$0.04
Q2 24
$-0.07
$-0.16
Q1 24
$-0.11
$-0.03

Balance Sheet & Financial Strength

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

Metric
ISPR
ISPR
MSS
MSS
Cash + ST InvestmentsLiquidity on hand
$17.6M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$-7.7M
$11.6M
Total Assets
$84.4M
$75.4M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ISPR
ISPR
MSS
MSS
Q4 25
$17.6M
Q3 25
$22.7M
$1.1M
Q2 25
$24.4M
$775.4K
Q1 25
$23.5M
$445.4K
Q4 24
$34.4M
$355.7K
Q3 24
$37.7M
$588.9K
Q2 24
$35.1M
$2.1M
Q1 24
$39.5M
$9.4M
Total Debt
ISPR
ISPR
MSS
MSS
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$2.6M
Q1 25
Q4 24
Q3 24
$2.5M
Q2 24
$2.6M
Q1 24
$2.6M
Stockholders' Equity
ISPR
ISPR
MSS
MSS
Q4 25
$-7.7M
$11.6M
Q3 25
$-1.8M
$10.1M
Q2 25
$604.7K
$11.7M
Q1 25
$14.8M
$12.0M
Q4 24
$24.2M
$10.9M
Q3 24
$30.7M
$11.2M
Q2 24
$34.5M
$10.5M
Q1 24
$35.9M
$13.3M
Total Assets
ISPR
ISPR
MSS
MSS
Q4 25
$84.4M
$75.4M
Q3 25
$96.4M
$73.3M
Q2 25
$102.2M
$77.4M
Q1 25
$115.7M
$82.7M
Q4 24
$132.0M
$82.7M
Q3 24
$129.0M
$82.1M
Q2 24
$122.6M
$82.4M
Q1 24
$108.0M
$44.2M
Debt / Equity
ISPR
ISPR
MSS
MSS
Q4 25
0.22×
Q3 25
0.26×
Q2 25
0.22×
Q1 25
Q4 24
Q3 24
0.23×
Q2 24
0.24×
Q1 24
0.19×

Cash Flow & Capital Efficiency

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

Metric
ISPR
ISPR
MSS
MSS
Operating Cash FlowLast quarter
$-4.0M
$-1.7M
Free Cash FlowOCF − Capex
$-4.0M
FCF MarginFCF / Revenue
-19.9%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-14.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ISPR
ISPR
MSS
MSS
Q4 25
$-4.0M
$-1.7M
Q3 25
$-1.2M
$1.1M
Q2 25
$4.7M
$-1.6M
Q1 25
$-12.5M
$1.7M
Q4 24
$-3.2M
$1.1M
Q3 24
$3.6M
$3.6M
Q2 24
$-1.4M
$-2.6M
Q1 24
$3.4M
$-1.4M
Free Cash Flow
ISPR
ISPR
MSS
MSS
Q4 25
$-4.0M
Q3 25
$-1.2M
Q2 25
$3.7M
Q1 25
$-12.7M
Q4 24
$-3.2M
Q3 24
$3.3M
Q2 24
$-2.2M
Q1 24
$3.3M
FCF Margin
ISPR
ISPR
MSS
MSS
Q4 25
-19.9%
Q3 25
-3.9%
Q2 25
18.6%
Q1 25
-48.4%
Q4 24
-7.7%
Q3 24
8.5%
Q2 24
-5.9%
Q1 24
10.9%
Capex Intensity
ISPR
ISPR
MSS
MSS
Q4 25
0.3%
Q3 25
0.0%
Q2 25
4.8%
Q1 25
0.7%
Q4 24
0.1%
Q3 24
0.7%
Q2 24
2.0%
Q1 24
0.3%
Cash Conversion
ISPR
ISPR
MSS
MSS
Q4 25
Q3 25
Q2 25
Q1 25
1.66×
Q4 24
Q3 24
5.12×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ISPR
ISPR

Segment breakdown not available.

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

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