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

Lakeshore Acquisition III Corp. is the larger business by last-quarter revenue ($717.3K vs $668.0K, roughly 1.1× Upstream Bio, Inc.). Lakeshore Acquisition III Corp. runs the higher net margin — 67.9% vs -6356.1%, a 6424.0% gap on every dollar of revenue.

TCI Co., Ltd. is a Taiwanese contract development and manufacturing organization (CDMO) specialising in the research, development and production of functional beverages, dietary supplements and skincare products. Headquartered in the Neihu Technology Park in Taipei, TCI evolved from an original trading company founded in 1980 into a CDMO group serving clients across Asia, Europe and North America, and is publicly traded on Taiwan's over-the-counter market under the code 8436.

LCCC vs UPB — Head-to-Head

Bigger by revenue
LCCC
LCCC
1.1× larger
LCCC
$717.3K
$668.0K
UPB
Higher net margin
LCCC
LCCC
6424.0% more per $
LCCC
67.9%
-6356.1%
UPB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LCCC
LCCC
UPB
UPB
Revenue
$717.3K
$668.0K
Net Profit
$486.8K
$-42.5M
Gross Margin
Operating Margin
-32.1%
-6911.2%
Net Margin
67.9%
-6356.1%
Revenue YoY
Net Profit YoY
EPS (diluted)
$0.08
$-0.78

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
UPB
UPB
Q4 25
$668.0K
Q3 25
$717.3K
$683.0K
Q2 25
$467.3K
$937.0K
Q1 25
$566.0K
Q3 24
$607.0K
Net Profit
LCCC
LCCC
UPB
UPB
Q4 25
$-42.5M
Q3 25
$486.8K
$-33.7M
Q2 25
$216.5K
$-40.0M
Q1 25
$-27.3M
Q3 24
$-16.0M
Operating Margin
LCCC
LCCC
UPB
UPB
Q4 25
-6911.2%
Q3 25
-32.1%
-5539.4%
Q2 25
-53.7%
-4732.9%
Q1 25
-5656.0%
Q3 24
-3112.5%
Net Margin
LCCC
LCCC
UPB
UPB
Q4 25
-6356.1%
Q3 25
67.9%
-4941.1%
Q2 25
46.3%
-4265.3%
Q1 25
-4818.0%
Q3 24
-2634.6%
EPS (diluted)
LCCC
LCCC
UPB
UPB
Q4 25
$-0.78
Q3 25
$0.08
$-0.63
Q2 25
$0.06
$-0.74
Q1 25
$-0.51
Q3 24
$-6.96

Balance Sheet & Financial Strength

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

Metric
LCCC
LCCC
UPB
UPB
Cash + ST InvestmentsLiquidity on hand
$341.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-1.6M
$339.8M
Total Assets
$71.0M
$353.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LCCC
LCCC
UPB
UPB
Q4 25
$341.5M
Q3 25
$372.4M
Q2 25
$393.6M
Q1 25
$431.4M
Q3 24
$220.7M
Stockholders' Equity
LCCC
LCCC
UPB
UPB
Q4 25
$339.8M
Q3 25
$-1.6M
$378.6M
Q2 25
$-1.4M
$408.7M
Q1 25
$445.6M
Q3 24
$-160.3M
Total Assets
LCCC
LCCC
UPB
UPB
Q4 25
$353.8M
Q3 25
$71.0M
$391.2M
Q2 25
$70.5M
$420.5M
Q1 25
$456.2M
Q3 24
$232.7M

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
UPB
UPB
Operating Cash FlowLast quarter
$-206.3K
$-30.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.42×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LCCC
LCCC
UPB
UPB
Q4 25
$-30.6M
Q3 25
$-206.3K
$-22.2M
Q2 25
$-218.3K
$-39.2M
Q1 25
$-41.2M
Q3 24
Free Cash Flow
LCCC
LCCC
UPB
UPB
Q4 25
Q3 25
$-22.3M
Q2 25
Q1 25
Q3 24
FCF Margin
LCCC
LCCC
UPB
UPB
Q4 25
Q3 25
-3265.6%
Q2 25
Q1 25
Q3 24
Capex Intensity
LCCC
LCCC
UPB
UPB
Q4 25
Q3 25
9.4%
Q2 25
Q1 25
Q3 24
Cash Conversion
LCCC
LCCC
UPB
UPB
Q4 25
Q3 25
-0.42×
Q2 25
-1.01×
Q1 25
Q3 24

Financial Flow Comparison

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

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