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Side-by-side financial comparison of Lucid Diagnostics Inc. (LUCD) 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 $1.2M, roughly 1.1× Lucid Diagnostics Inc.). MultiSensor AI Holdings, Inc. runs the higher net margin — -164.1% vs -858.5%, a 694.4% gap on every dollar of revenue. On growth, Lucid Diagnostics Inc. posted the faster year-over-year revenue change (3.3% vs -0.9%). Over the past eight quarters, Lucid Diagnostics Inc.'s revenue compounded faster (7.9% CAGR vs -21.9%).
Lucid Diagnostics Inc. is a commercial-stage medical diagnostics firm focused on non-invasive screening tests for upper gastrointestinal diseases, including early detection of esophageal cancer and pre-cancerous lesions. It mainly serves healthcare providers and clinical partners across the United States, targeting at-risk patient populations.
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.
LUCD vs MSAI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2M | $1.4M |
| Net Profit | $-10.4M | $-2.3M |
| Gross Margin | — | — |
| Operating Margin | -971.0% | -171.6% |
| Net Margin | -858.5% | -164.1% |
| Revenue YoY | 3.3% | -0.9% |
| Net Profit YoY | 16.0% | 23.7% |
| EPS (diluted) | $-0.10 | $-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.
| Q4 25 | — | $1.4M | ||
| Q3 25 | $1.2M | $1.6M | ||
| Q2 25 | $1.2M | $1.4M | ||
| Q1 25 | $828.0K | $1.2M | ||
| Q4 24 | $1.2M | $1.4M | ||
| Q3 24 | $1.2M | $1.6M | ||
| Q2 24 | $976.0K | $2.1M | ||
| Q1 24 | $1.0M | $2.3M |
| Q4 25 | — | $-2.3M | ||
| Q3 25 | $-10.4M | $-1.7M | ||
| Q2 25 | $-4.4M | $-3.3M | ||
| Q1 25 | $-26.9M | $-4.4M | ||
| Q4 24 | $-11.5M | $-3.0M | ||
| Q3 24 | $-12.4M | $-8.2M | ||
| Q2 24 | $-11.0M | $-6.4M | ||
| Q1 24 | $-10.6M | $-3.9M |
| Q4 25 | — | -171.6% | ||
| Q3 25 | -971.0% | -107.6% | ||
| Q2 25 | -978.8% | -233.8% | ||
| Q1 25 | -1508.1% | -394.6% | ||
| Q4 24 | -1033.8% | -199.6% | ||
| Q3 24 | -997.8% | -541.5% | ||
| Q2 24 | -1146.7% | -228.1% | ||
| Q1 24 | -1078.1% | -112.7% |
| Q4 25 | — | -164.1% | ||
| Q3 25 | -858.5% | -106.5% | ||
| Q2 25 | -381.7% | -234.1% | ||
| Q1 25 | -3249.8% | -379.1% | ||
| Q4 24 | -964.2% | -213.2% | ||
| Q3 24 | -1055.5% | -511.5% | ||
| Q2 24 | -1127.6% | -300.8% | ||
| Q1 24 | -1060.1% | -172.4% |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $-0.10 | $-0.05 | ||
| Q2 25 | $-0.08 | $-0.10 | ||
| Q1 25 | $-0.52 | $-0.14 | ||
| Q4 24 | $-0.17 | $0.07 | ||
| Q3 24 | $-0.25 | $-0.34 | ||
| Q2 24 | $-0.23 | $-0.47 | ||
| Q1 24 | $-0.40 | $-0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.3M | $24.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $25.8M | $32.0M |
| Total Assets | $53.2M | $35.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.4M | ||
| Q3 25 | $47.3M | $1.1M | ||
| Q2 25 | $31.1M | $3.2M | ||
| Q1 25 | $25.2M | $4.7M | ||
| Q4 24 | $22.4M | $4.4M | ||
| Q3 24 | $14.5M | $8.6M | ||
| Q2 24 | $24.9M | $234.0K | ||
| Q1 24 | $24.8M | $491.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $642.0K | ||
| Q1 24 | — | $2.8M |
| Q4 25 | — | $32.0M | ||
| Q3 25 | $25.8M | $8.3M | ||
| Q2 25 | $7.9M | $9.8M | ||
| Q1 25 | $-5.4M | $12.9M | ||
| Q4 24 | $5.4M | $12.3M | ||
| Q3 24 | $6.3M | $15.6M | ||
| Q2 24 | $16.0M | $1.6M | ||
| Q1 24 | $11.9M | $1.4M |
| Q4 25 | — | $35.5M | ||
| Q3 25 | $53.2M | $11.9M | ||
| Q2 25 | $38.7M | $14.6M | ||
| Q1 25 | $32.8M | $16.4M | ||
| Q4 24 | $30.7M | $15.5M | ||
| Q3 24 | $22.6M | $18.9M | ||
| Q2 24 | $34.1M | $16.4M | ||
| Q1 24 | $32.0M | $14.1M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.9M | $-2.2M |
| Free Cash FlowOCF − Capex | — | $-2.6M |
| FCF MarginFCF / Revenue | — | -187.3% |
| Capex IntensityCapex / Revenue | — | 26.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-2.2M | ||
| Q3 25 | $-10.9M | $-1.8M | ||
| Q2 25 | $-10.5M | $-804.0K | ||
| Q1 25 | $-12.5M | $-3.2M | ||
| Q4 24 | $-9.9M | $-3.1M | ||
| Q3 24 | $-10.2M | $-12.7M | ||
| Q2 24 | $-11.5M | $-303.0K | ||
| Q1 24 | $-12.6M | $492.0K |
| 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 |
| 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% |
| 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% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
