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

Ispire Technology Inc. is the larger business by last-quarter revenue ($20.3M vs $17.0M, roughly 1.2× Pyxis Tankers Inc.). Pyxis Tankers Inc. runs the higher net margin — 31.3% vs -32.5%, a 63.9% gap on every dollar of revenue.

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.

Pyxis Tankers Inc. is an international maritime transport enterprise specializing in seaborne shipping of refined petroleum products and other bulk liquid cargoes. It operates a fleet of modern product tankers, serving global energy markets, with core business covering major trade routes across the Atlantic, Mediterranean and Asia-Pacific regions.

ISPR vs PXS — Head-to-Head

Bigger by revenue
ISPR
ISPR
1.2× larger
ISPR
$20.3M
$17.0M
PXS
Higher net margin
PXS
PXS
63.9% more per $
PXS
31.3%
-32.5%
ISPR

Income Statement — Q2 FY2026 vs Q3 FY2022

Metric
ISPR
ISPR
PXS
PXS
Revenue
$20.3M
$17.0M
Net Profit
$-6.6M
$5.3M
Gross Margin
17.1%
Operating Margin
-33.9%
37.2%
Net Margin
-32.5%
31.3%
Revenue YoY
-51.5%
Net Profit YoY
17.4%
EPS (diluted)
$-0.12
$0.44

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
PXS
PXS
Q4 25
$20.3M
Q3 25
$30.4M
Q2 25
$20.1M
Q1 25
$26.2M
Q4 24
$41.8M
Q3 24
$39.3M
Q2 24
$37.3M
Q1 24
$30.0M
Net Profit
ISPR
ISPR
PXS
PXS
Q4 25
$-6.6M
Q3 25
$-3.3M
Q2 25
$-14.8M
Q1 25
$-10.9M
Q4 24
$-8.0M
Q3 24
$-5.6M
Q2 24
$-3.5M
Q1 24
$-5.9M
Gross Margin
ISPR
ISPR
PXS
PXS
Q4 25
17.1%
Q3 25
17.0%
Q2 25
12.3%
Q1 25
18.2%
Q4 24
18.5%
Q3 24
19.5%
Q2 24
28.3%
Q1 24
20.4%
Operating Margin
ISPR
ISPR
PXS
PXS
Q4 25
-33.9%
Q3 25
-8.9%
Q2 25
-72.7%
Q1 25
-40.4%
Q4 24
-17.6%
Q3 24
-13.4%
Q2 24
-9.2%
Q1 24
-18.8%
Net Margin
ISPR
ISPR
PXS
PXS
Q4 25
-32.5%
Q3 25
-10.7%
Q2 25
-73.4%
Q1 25
-41.5%
Q4 24
-19.1%
Q3 24
-14.2%
Q2 24
-9.4%
Q1 24
-19.7%
EPS (diluted)
ISPR
ISPR
PXS
PXS
Q4 25
$-0.12
Q3 25
$-0.06
Q2 25
$-0.26
Q1 25
$-0.19
Q4 24
$-0.14
Q3 24
$-0.10
Q2 24
$-0.07
Q1 24
$-0.11

Balance Sheet & Financial Strength

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

Metric
ISPR
ISPR
PXS
PXS
Cash + ST InvestmentsLiquidity on hand
$17.6M
$4.3M
Total DebtLower is stronger
$67.3M
Stockholders' EquityBook value
$-7.7M
$54.9M
Total Assets
$84.4M
$138.1M
Debt / EquityLower = less leverage
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ISPR
ISPR
PXS
PXS
Q4 25
$17.6M
Q3 25
$22.7M
Q2 25
$24.4M
Q1 25
$23.5M
Q4 24
$34.4M
Q3 24
$37.7M
Q2 24
$35.1M
Q1 24
$39.5M
Stockholders' Equity
ISPR
ISPR
PXS
PXS
Q4 25
$-7.7M
Q3 25
$-1.8M
Q2 25
$604.7K
Q1 25
$14.8M
Q4 24
$24.2M
Q3 24
$30.7M
Q2 24
$34.5M
Q1 24
$35.9M
Total Assets
ISPR
ISPR
PXS
PXS
Q4 25
$84.4M
Q3 25
$96.4M
Q2 25
$102.2M
Q1 25
$115.7M
Q4 24
$132.0M
Q3 24
$129.0M
Q2 24
$122.6M
Q1 24
$108.0M

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
PXS
PXS
Operating Cash FlowLast quarter
$-4.0M
$2.4M
Free Cash FlowOCF − Capex
$-4.0M
FCF MarginFCF / Revenue
-19.9%
Capex IntensityCapex / Revenue
0.3%
0.0%
Cash ConversionOCF / Net Profit
0.45×
TTM Free Cash FlowTrailing 4 quarters
$-14.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ISPR
ISPR
PXS
PXS
Q4 25
$-4.0M
Q3 25
$-1.2M
Q2 25
$4.7M
Q1 25
$-12.5M
Q4 24
$-3.2M
Q3 24
$3.6M
Q2 24
$-1.4M
Q1 24
$3.4M
Free Cash Flow
ISPR
ISPR
PXS
PXS
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
PXS
PXS
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
PXS
PXS
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%

Financial Flow Comparison

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

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