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Side-by-side financial comparison of Maase Inc. (MAAS) and Protalix BioTherapeutics, Inc. (PLX). Click either name above to swap in a different company.

Maase Inc. is the larger business by last-quarter revenue ($9.9M vs $9.1M, roughly 1.1× Protalix BioTherapeutics, Inc.). Protalix BioTherapeutics, Inc. produced more free cash flow last quarter ($1.6M vs $-18.3M).

Protalix BioTherapeutics is an Israeli pharmaceutical company that manufactures a plant-based enzyme, taliglucerase alfa, which has received U.S. Food and Drug Administration approval for the treatment of Gaucher disease.

MAAS vs PLX — Head-to-Head

Bigger by revenue
MAAS
MAAS
1.1× larger
MAAS
$9.9M
$9.1M
PLX
More free cash flow
PLX
PLX
$19.9M more FCF
PLX
$1.6M
$-18.3M
MAAS

Income Statement — Q2 FY2023 vs Q4 FY2025

Metric
MAAS
MAAS
PLX
PLX
Revenue
$9.9M
$9.1M
Net Profit
$-5.5M
Gross Margin
78.7%
49.4%
Operating Margin
-55.9%
-51.1%
Net Margin
-60.3%
Revenue YoY
-49.9%
Net Profit YoY
-184.8%
EPS (diluted)
$-0.06

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
MAAS
MAAS
PLX
PLX
Q4 25
$9.1M
Q3 25
$17.9M
Q2 25
$15.7M
Q1 25
$10.1M
Q4 24
$18.2M
Q3 24
$18.0M
Q2 24
$13.5M
Q4 23
$10.5M
Net Profit
MAAS
MAAS
PLX
PLX
Q4 25
$-5.5M
Q3 25
$2.4M
Q2 25
$164.0K
Q1 25
$-3.6M
Q4 24
$6.5M
Q3 24
$3.2M
Q2 24
$-2.2M
Q4 23
$-6.0M
Gross Margin
MAAS
MAAS
PLX
PLX
Q4 25
49.4%
Q3 25
53.4%
Q2 25
62.5%
Q1 25
19.1%
Q4 24
78.7%
Q3 24
53.4%
Q2 24
29.8%
Q4 23
15.5%
Operating Margin
MAAS
MAAS
PLX
PLX
Q4 25
-51.1%
Q3 25
11.9%
Q2 25
7.5%
Q1 25
-41.0%
Q4 24
39.6%
Q3 24
22.2%
Q2 24
-18.0%
Q4 23
-53.5%
Net Margin
MAAS
MAAS
PLX
PLX
Q4 25
-60.3%
Q3 25
13.2%
Q2 25
1.0%
Q1 25
-35.8%
Q4 24
35.6%
Q3 24
18.0%
Q2 24
-16.4%
Q4 23
-57.6%
EPS (diluted)
MAAS
MAAS
PLX
PLX
Q4 25
$-0.06
Q3 25
$0.03
Q2 25
$0.00
Q1 25
$-0.05
Q4 24
$0.10
Q3 24
$0.03
Q2 24
$-0.03
Q4 23
$-0.03

Balance Sheet & Financial Strength

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

Metric
MAAS
MAAS
PLX
PLX
Cash + ST InvestmentsLiquidity on hand
$10.9M
$14.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$31.6M
$48.2M
Total Assets
$47.0M
$82.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAAS
MAAS
PLX
PLX
Q4 25
$14.7M
Q3 25
$13.6M
Q2 25
$17.9M
Q1 25
$19.5M
Q4 24
$19.8M
Q3 24
$27.4M
Q2 24
$23.4M
Q4 23
$23.6M
Stockholders' Equity
MAAS
MAAS
PLX
PLX
Q4 25
$48.2M
Q3 25
$52.9M
Q2 25
$49.9M
Q1 25
$45.2M
Q4 24
$43.2M
Q3 24
$32.4M
Q2 24
$28.6M
Q4 23
$33.6M
Total Assets
MAAS
MAAS
PLX
PLX
Q4 25
$82.3M
Q3 25
$82.3M
Q2 25
$78.5M
Q1 25
$73.9M
Q4 24
$73.4M
Q3 24
$61.6M
Q2 24
$91.5M
Q4 23
$84.4M

Cash Flow & Capital Efficiency

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

Metric
MAAS
MAAS
PLX
PLX
Operating Cash FlowLast quarter
$-18.2M
$2.0M
Free Cash FlowOCF − Capex
$-18.3M
$1.6M
FCF MarginFCF / Revenue
-184.4%
17.8%
Capex IntensityCapex / Revenue
1.0%
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAAS
MAAS
PLX
PLX
Q4 25
$2.0M
Q3 25
$-3.7M
Q2 25
$-5.2M
Q1 25
$-5.1M
Q4 24
$4.0M
Q3 24
$4.1M
Q2 24
$-3.6M
Q4 23
$3.6M
Free Cash Flow
MAAS
MAAS
PLX
PLX
Q4 25
$1.6M
Q3 25
$-4.2M
Q2 25
$-5.7M
Q1 25
$-5.4M
Q4 24
$3.6M
Q3 24
$4.0M
Q2 24
$-3.8M
Q4 23
$3.3M
FCF Margin
MAAS
MAAS
PLX
PLX
Q4 25
17.8%
Q3 25
-23.7%
Q2 25
-36.2%
Q1 25
-53.0%
Q4 24
19.6%
Q3 24
22.4%
Q2 24
-28.1%
Q4 23
31.9%
Capex Intensity
MAAS
MAAS
PLX
PLX
Q4 25
4.4%
Q3 25
2.8%
Q2 25
2.8%
Q1 25
3.0%
Q4 24
2.3%
Q3 24
0.5%
Q2 24
1.3%
Q4 23
2.4%
Cash Conversion
MAAS
MAAS
PLX
PLX
Q4 25
Q3 25
-1.58×
Q2 25
-31.91×
Q1 25
Q4 24
0.61×
Q3 24
1.27×
Q2 24
Q4 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAAS
MAAS

Wealth management$7.8M78%
Insurance consulting$1.0M10%
Other$975.0K10%
Asset management$168.0K2%

PLX
PLX

Products$8.7M95%
Other$428.0K5%

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