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

Xilio Therapeutics, Inc. is the larger business by last-quarter revenue ($13.7M vs $9.9M, roughly 1.4× Maase Inc.). Xilio Therapeutics, Inc. produced more free cash flow last quarter ($-2.1M vs $-18.3M).

Xilio Therapeutics is a clinical-stage biotechnology company dedicated to developing novel tumor-selective immunotherapies for cancer treatment. Its product pipeline features candidates engineered to trigger anti-tumor immune responses specifically inside tumor microenvironments, reducing systemic toxicities, and it primarily targets oncology patient populations in North America and other global markets.

MAAS vs XLO — Head-to-Head

Bigger by revenue
XLO
XLO
1.4× larger
XLO
$13.7M
$9.9M
MAAS
More free cash flow
XLO
XLO
$16.2M more FCF
XLO
$-2.1M
$-18.3M
MAAS

Income Statement — Q2 FY2023 vs Q4 FY2025

Metric
MAAS
MAAS
XLO
XLO
Revenue
$9.9M
$13.7M
Net Profit
$10.4M
Gross Margin
78.7%
Operating Margin
-55.9%
-86.5%
Net Margin
75.7%
Revenue YoY
Net Profit YoY
179.1%
EPS (diluted)
$-3.74

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
XLO
XLO
Q4 25
$13.7M
Q3 25
$19.1M
Q2 25
$8.1M
Q1 25
$2.9M
Q4 22
$9.9M
Net Profit
MAAS
MAAS
XLO
XLO
Q4 25
$10.4M
Q3 25
$-16.3M
Q2 25
$-15.8M
Q1 25
$-13.3M
Q4 22
Gross Margin
MAAS
MAAS
XLO
XLO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 22
78.7%
Operating Margin
MAAS
MAAS
XLO
XLO
Q4 25
-86.5%
Q3 25
-10.1%
Q2 25
-177.7%
Q1 25
-472.7%
Q4 22
-55.9%
Net Margin
MAAS
MAAS
XLO
XLO
Q4 25
75.7%
Q3 25
-85.4%
Q2 25
-196.0%
Q1 25
-452.7%
Q4 22
EPS (diluted)
MAAS
MAAS
XLO
XLO
Q4 25
$-3.74
Q3 25
$-0.11
Q2 25
$-0.16
Q1 25
$-0.18
Q4 22

Balance Sheet & Financial Strength

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

Metric
MAAS
MAAS
XLO
XLO
Cash + ST InvestmentsLiquidity on hand
$10.9M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$31.6M
$35.3M
Total Assets
$47.0M
$154.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAAS
MAAS
XLO
XLO
Q4 25
$137.5M
Q3 25
$103.8M
Q2 25
$121.6M
Q1 25
$89.1M
Q4 22
$10.9M
Stockholders' Equity
MAAS
MAAS
XLO
XLO
Q4 25
$35.3M
Q3 25
$-8.1M
Q2 25
$7.1M
Q1 25
$10.7M
Q4 22
$31.6M
Total Assets
MAAS
MAAS
XLO
XLO
Q4 25
$154.7M
Q3 25
$133.7M
Q2 25
$133.8M
Q1 25
$103.7M
Q4 22
$47.0M

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
XLO
XLO
Operating Cash FlowLast quarter
$-18.2M
$-2.0M
Free Cash FlowOCF − Capex
$-18.3M
$-2.1M
FCF MarginFCF / Revenue
-184.4%
-15.3%
Capex IntensityCapex / Revenue
1.0%
0.7%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAAS
MAAS
XLO
XLO
Q4 25
$-2.0M
Q3 25
$-17.5M
Q2 25
$-14.5M
Q1 25
$29.0M
Q4 22
$-18.2M
Free Cash Flow
MAAS
MAAS
XLO
XLO
Q4 25
$-2.1M
Q3 25
Q2 25
$-14.9M
Q1 25
$29.0M
Q4 22
$-18.3M
FCF Margin
MAAS
MAAS
XLO
XLO
Q4 25
-15.3%
Q3 25
Q2 25
-184.0%
Q1 25
988.3%
Q4 22
-184.4%
Capex Intensity
MAAS
MAAS
XLO
XLO
Q4 25
0.7%
Q3 25
0.0%
Q2 25
5.0%
Q1 25
0.8%
Q4 22
1.0%
Cash Conversion
MAAS
MAAS
XLO
XLO
Q4 25
-0.19×
Q3 25
Q2 25
Q1 25
Q4 22

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%

XLO
XLO

Segment breakdown not available.

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