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Side-by-side financial comparison of Lakeshore Acquisition III Corp. (LCCC) and MultiSensor AI Holdings, Inc. (MSAI). Click either name above to swap in a different company.

MultiSensor AI Holdings, Inc. is the larger business by last-quarter revenue ($1.4M vs $717.3K, roughly 1.9× Lakeshore Acquisition III Corp.). Lakeshore Acquisition III Corp. runs the higher net margin — 67.9% vs -164.1%, a 232.0% gap on every dollar of revenue.

Figure AI, Inc. is an American robotics company developing AI-powered humanoid robots. The company was founded in 2022 by Brett Adcock, also known for founding Archer Aviation and Vettery.

LCCC vs MSAI — Head-to-Head

Bigger by revenue
MSAI
MSAI
1.9× larger
MSAI
$1.4M
$717.3K
LCCC
Higher net margin
LCCC
LCCC
232.0% more per $
LCCC
67.9%
-164.1%
MSAI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LCCC
LCCC
MSAI
MSAI
Revenue
$717.3K
$1.4M
Net Profit
$486.8K
$-2.3M
Gross Margin
Operating Margin
-32.1%
-171.6%
Net Margin
67.9%
-164.1%
Revenue YoY
-0.9%
Net Profit YoY
23.7%
EPS (diluted)
$0.08
$-0.02

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
LCCC
LCCC
MSAI
MSAI
Q4 25
$1.4M
Q3 25
$717.3K
$1.6M
Q2 25
$467.3K
$1.4M
Q1 25
$1.2M
Q4 24
$1.4M
Q3 24
$1.6M
Q2 24
$2.1M
Q1 24
$2.3M
Net Profit
LCCC
LCCC
MSAI
MSAI
Q4 25
$-2.3M
Q3 25
$486.8K
$-1.7M
Q2 25
$216.5K
$-3.3M
Q1 25
$-4.4M
Q4 24
$-3.0M
Q3 24
$-8.2M
Q2 24
$-6.4M
Q1 24
$-3.9M
Operating Margin
LCCC
LCCC
MSAI
MSAI
Q4 25
-171.6%
Q3 25
-32.1%
-107.6%
Q2 25
-53.7%
-233.8%
Q1 25
-394.6%
Q4 24
-199.6%
Q3 24
-541.5%
Q2 24
-228.1%
Q1 24
-112.7%
Net Margin
LCCC
LCCC
MSAI
MSAI
Q4 25
-164.1%
Q3 25
67.9%
-106.5%
Q2 25
46.3%
-234.1%
Q1 25
-379.1%
Q4 24
-213.2%
Q3 24
-511.5%
Q2 24
-300.8%
Q1 24
-172.4%
EPS (diluted)
LCCC
LCCC
MSAI
MSAI
Q4 25
$-0.02
Q3 25
$0.08
$-0.05
Q2 25
$0.06
$-0.10
Q1 25
$-0.14
Q4 24
$0.07
Q3 24
$-0.34
Q2 24
$-0.47
Q1 24
$-0.33

Balance Sheet & Financial Strength

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

Metric
LCCC
LCCC
MSAI
MSAI
Cash + ST InvestmentsLiquidity on hand
$24.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-1.6M
$32.0M
Total Assets
$71.0M
$35.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LCCC
LCCC
MSAI
MSAI
Q4 25
$24.4M
Q3 25
$1.1M
Q2 25
$3.2M
Q1 25
$4.7M
Q4 24
$4.4M
Q3 24
$8.6M
Q2 24
$234.0K
Q1 24
$491.0K
Total Debt
LCCC
LCCC
MSAI
MSAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$642.0K
Q1 24
$2.8M
Stockholders' Equity
LCCC
LCCC
MSAI
MSAI
Q4 25
$32.0M
Q3 25
$-1.6M
$8.3M
Q2 25
$-1.4M
$9.8M
Q1 25
$12.9M
Q4 24
$12.3M
Q3 24
$15.6M
Q2 24
$1.6M
Q1 24
$1.4M
Total Assets
LCCC
LCCC
MSAI
MSAI
Q4 25
$35.5M
Q3 25
$71.0M
$11.9M
Q2 25
$70.5M
$14.6M
Q1 25
$16.4M
Q4 24
$15.5M
Q3 24
$18.9M
Q2 24
$16.4M
Q1 24
$14.1M
Debt / Equity
LCCC
LCCC
MSAI
MSAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.41×
Q1 24
2.04×

Cash Flow & Capital Efficiency

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

Metric
LCCC
LCCC
MSAI
MSAI
Operating Cash FlowLast quarter
$-206.3K
$-2.2M
Free Cash FlowOCF − Capex
$-2.6M
FCF MarginFCF / Revenue
-187.3%
Capex IntensityCapex / Revenue
26.2%
Cash ConversionOCF / Net Profit
-0.42×
TTM Free Cash FlowTrailing 4 quarters
$-9.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LCCC
LCCC
MSAI
MSAI
Q4 25
$-2.2M
Q3 25
$-206.3K
$-1.8M
Q2 25
$-218.3K
$-804.0K
Q1 25
$-3.2M
Q4 24
$-3.1M
Q3 24
$-12.7M
Q2 24
$-303.0K
Q1 24
$492.0K
Free Cash Flow
LCCC
LCCC
MSAI
MSAI
Q4 25
$-2.6M
Q3 25
$-2.1M
Q2 25
$-1.3M
Q1 25
$-3.6M
Q4 24
$-4.1M
Q3 24
$-13.2M
Q2 24
$-844.0K
Q1 24
$-79.0K
FCF Margin
LCCC
LCCC
MSAI
MSAI
Q4 25
-187.3%
Q3 25
-136.1%
Q2 25
-91.5%
Q1 25
-308.6%
Q4 24
-294.6%
Q3 24
-823.2%
Q2 24
-39.7%
Q1 24
-3.5%
Capex Intensity
LCCC
LCCC
MSAI
MSAI
Q4 25
26.2%
Q3 25
21.5%
Q2 25
34.8%
Q1 25
37.2%
Q4 24
76.2%
Q3 24
30.5%
Q2 24
25.5%
Q1 24
25.1%
Cash Conversion
LCCC
LCCC
MSAI
MSAI
Q4 25
Q3 25
-0.42×
Q2 25
-1.01×
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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