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Side-by-side financial comparison of KalVista Pharmaceuticals, Inc. (KALV) and TECHPRECISION CORP (TPCS). Click either name above to swap in a different company.

KalVista Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($13.7M vs $7.1M, roughly 1.9× TECHPRECISION CORP). TECHPRECISION CORP runs the higher net margin — -20.8% vs -361.4%, a 340.6% gap on every dollar of revenue.

KalVista Pharmaceuticals is a clinical-stage biopharmaceutical company focused on the research, development and commercialization of novel oral serine protease inhibitor therapies. Its core pipeline addresses unmet medical needs for rare and inflammatory diseases including hereditary angioedema and diabetic macular edema, with primary target markets in North America and Europe.

TechPrecision Corp is a manufacturer of custom high-precision metal fabricated components and integrated systems, serving aerospace, defense, medical technology, renewable energy, and industrial end markets primarily across North America and Europe. It specializes in producing tight-tolerance, mission-critical parts that adhere to rigorous industry quality requirements.

KALV vs TPCS — Head-to-Head

Bigger by revenue
KALV
KALV
1.9× larger
KALV
$13.7M
$7.1M
TPCS
Higher net margin
TPCS
TPCS
340.6% more per $
TPCS
-20.8%
-361.4%
KALV

Income Statement — Q2 FY2026 vs Q3 FY2026

Metric
KALV
KALV
TPCS
TPCS
Revenue
$13.7M
$7.1M
Net Profit
$-49.5M
$-1.5M
Gross Margin
91.0%
5.4%
Operating Margin
-336.3%
-19.1%
Net Margin
-361.4%
-20.8%
Revenue YoY
-6.9%
Net Profit YoY
-17.1%
-84.4%
EPS (diluted)
$-0.92
$-0.15

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
KALV
KALV
TPCS
TPCS
Q4 25
$7.1M
Q3 25
$13.7M
$9.1M
Q2 25
$7.4M
Q1 25
$9.5M
Q4 24
$7.6M
Q3 24
$0
$8.9M
Q2 24
$8.0M
Q1 24
$8.6M
Net Profit
KALV
KALV
TPCS
TPCS
Q4 25
$-1.5M
Q3 25
$-49.5M
$825.0K
Q2 25
$-597.0K
Q1 25
$112.0K
Q4 24
$-799.0K
Q3 24
$-40.4M
$-601.0K
Q2 24
$-1.5M
Q1 24
$-5.1M
Gross Margin
KALV
KALV
TPCS
TPCS
Q4 25
5.4%
Q3 25
91.0%
27.1%
Q2 25
14.0%
Q1 25
22.0%
Q4 24
13.0%
Q3 24
11.3%
Q2 24
3.0%
Q1 24
14.3%
Operating Margin
KALV
KALV
TPCS
TPCS
Q4 25
-19.1%
Q3 25
-336.3%
10.4%
Q2 25
-6.3%
Q1 25
3.9%
Q4 24
-9.1%
Q3 24
-5.5%
Q2 24
-16.8%
Q1 24
-28.6%
Net Margin
KALV
KALV
TPCS
TPCS
Q4 25
-20.8%
Q3 25
-361.4%
9.1%
Q2 25
-8.1%
Q1 25
1.2%
Q4 24
-10.5%
Q3 24
-6.7%
Q2 24
-18.3%
Q1 24
-59.5%
EPS (diluted)
KALV
KALV
TPCS
TPCS
Q4 25
$-0.15
Q3 25
$-0.92
$0.08
Q2 25
$-0.06
Q1 25
$0.01
Q4 24
$-0.08
Q3 24
$-0.87
$-0.06
Q2 24
$-0.16
Q1 24
$-0.59

Balance Sheet & Financial Strength

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

Metric
KALV
KALV
TPCS
TPCS
Cash + ST InvestmentsLiquidity on hand
$243.5M
$50.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$17.0M
$8.0M
Total Assets
$339.9M
$32.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KALV
KALV
TPCS
TPCS
Q4 25
$50.0K
Q3 25
$243.5M
$220.0K
Q2 25
$143.0K
Q1 25
$195.0K
Q4 24
$165.0K
Q3 24
$31.8M
$132.0K
Q2 24
$44.8K
Q1 24
$138.0K
Total Debt
KALV
KALV
TPCS
TPCS
Q4 25
Q3 25
Q2 25
Q1 25
$3.0K
Q4 24
$19.0K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
KALV
KALV
TPCS
TPCS
Q4 25
$8.0M
Q3 25
$17.0M
$9.1M
Q2 25
$8.2M
Q1 25
$8.7M
Q4 24
$8.1M
Q3 24
$172.8M
$8.9M
Q2 24
$7.9M
Q1 24
$7.8M
Total Assets
KALV
KALV
TPCS
TPCS
Q4 25
$32.8M
Q3 25
$339.9M
$33.8M
Q2 25
$32.1M
Q1 25
$33.5M
Q4 24
$32.2M
Q3 24
$200.2M
$35.0M
Q2 24
$35.7M
Q1 24
$34.7M
Debt / Equity
KALV
KALV
TPCS
TPCS
Q4 25
Q3 25
Q2 25
Q1 25
0.00×
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
KALV
KALV
TPCS
TPCS
Operating Cash FlowLast quarter
$183.0K
Free Cash FlowOCF − Capex
$-827.0K
FCF MarginFCF / Revenue
-11.7%
Capex IntensityCapex / Revenue
14.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KALV
KALV
TPCS
TPCS
Q4 25
$183.0K
Q3 25
$-1.1M
Q2 25
$646.0K
Q1 25
$396.0K
Q4 24
$-570.0K
Q3 24
$-40.2M
$-532.0K
Q2 24
$107.0K
Q1 24
$-452.0K
Free Cash Flow
KALV
KALV
TPCS
TPCS
Q4 25
$-827.0K
Q3 25
$-2.1M
Q2 25
$-604.0K
Q1 25
$-930.0K
Q4 24
$-1.7M
Q3 24
$-40.2M
$-2.0M
Q2 24
$-94.0K
Q1 24
$-900.0K
FCF Margin
KALV
KALV
TPCS
TPCS
Q4 25
-11.7%
Q3 25
-22.9%
Q2 25
-8.2%
Q1 25
-9.8%
Q4 24
-22.9%
Q3 24
-21.8%
Q2 24
-1.2%
Q1 24
-10.5%
Capex Intensity
KALV
KALV
TPCS
TPCS
Q4 25
14.2%
Q3 25
11.0%
Q2 25
16.9%
Q1 25
14.0%
Q4 24
15.4%
Q3 24
15.9%
Q2 24
2.5%
Q1 24
5.2%
Cash Conversion
KALV
KALV
TPCS
TPCS
Q4 25
Q3 25
-1.31×
Q2 25
Q1 25
3.54×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

KALV
KALV

Segment breakdown not available.

TPCS
TPCS

Defense$6.7M94%
Other$410.0K6%

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