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Side-by-side financial comparison of MDxHealth SA (MDXH) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.

NaaS Technology Inc. is the larger business by last-quarter revenue ($25.9M vs $19.8M, roughly 1.3× MDxHealth SA).

MDxHealth SA is a global molecular diagnostics company specializing in non-invasive precision oncology tests focused primarily on urological cancers including prostate and bladder cancer. It operates across key markets in North America and Europe, providing clinicians with actionable diagnostic insights to guide personalized treatment decisions, reduce unnecessary invasive procedures, and improve patient care outcomes.

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

MDXH vs NAAS — Head-to-Head

Bigger by revenue
NAAS
NAAS
1.3× larger
NAAS
$25.9M
$19.8M
MDXH

Income Statement — Q1 FY2025 vs Q2 FY2024

Metric
MDXH
MDXH
NAAS
NAAS
Revenue
$19.8M
$25.9M
Net Profit
$-50.0M
Gross Margin
60.8%
29.2%
Operating Margin
-33.3%
-144.2%
Net Margin
-193.3%
Revenue YoY
121.2%
Net Profit YoY
18.4%
EPS (diluted)
$-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
MDXH
MDXH
NAAS
NAAS
Q1 25
$19.8M
Q2 24
$25.9M
Q1 24
$14.7M
Net Profit
MDXH
MDXH
NAAS
NAAS
Q1 25
Q2 24
$-50.0M
Q1 24
Gross Margin
MDXH
MDXH
NAAS
NAAS
Q1 25
60.8%
Q2 24
29.2%
Q1 24
59.3%
Operating Margin
MDXH
MDXH
NAAS
NAAS
Q1 25
-33.3%
Q2 24
-144.2%
Q1 24
-59.3%
Net Margin
MDXH
MDXH
NAAS
NAAS
Q1 25
Q2 24
-193.3%
Q1 24
EPS (diluted)
MDXH
MDXH
NAAS
NAAS
Q1 25
Q2 24
$-0.02
Q1 24

Balance Sheet & Financial Strength

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

Metric
MDXH
MDXH
NAAS
NAAS
Cash + ST InvestmentsLiquidity on hand
$24.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-33.4M
Total Assets
$180.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDXH
MDXH
NAAS
NAAS
Q1 25
Q2 24
$24.7M
Q1 24
Stockholders' Equity
MDXH
MDXH
NAAS
NAAS
Q1 25
Q2 24
$-33.4M
Q1 24
Total Assets
MDXH
MDXH
NAAS
NAAS
Q1 25
Q2 24
$180.2M
Q1 24

Cash Flow & Capital Efficiency

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

Metric
MDXH
MDXH
NAAS
NAAS
Operating Cash FlowLast quarter
$-25.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDXH
MDXH
NAAS
NAAS
Q1 25
Q2 24
$-25.7M
Q1 24

Financial Flow Comparison

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

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