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Side-by-side financial comparison of Mawson Infrastructure Group Inc. (MIGI) and AIRWA INC. (YYAI). Click either name above to swap in a different company.

Mawson Infrastructure Group Inc. is the larger business by last-quarter revenue ($3.2M vs $3.0M, roughly 1.1× AIRWA INC.). On growth, AIRWA INC. posted the faster year-over-year revenue change (729.8% vs -78.5%). Over the past eight quarters, AIRWA INC.'s revenue compounded faster (14.3% CAGR vs -58.5%).

Mawson Infrastructure Group Inc. is a global digital infrastructure provider that operates sustainable, energy-efficient data centers and specialized hosting solutions for blockchain and digital asset operations. Its core segments include cryptocurrency mining, colocation services, and low-carbon infrastructure development, with primary operational footprints across North America and Australia.

Flying W Airways (FWA) was a briefly high-profile publicly-traded company of the late 1960s/early 1970s, which originated in 1961 when its founders opened Flying W Airport in New Jersey as a fly-in resort. FWA became a bet on Alaskan oil and at its peak in 1969 attracted investment by the Matlack family, had two Hollywood actors on its board and bought Red Dodge Aviation (RDA) of Alaska, for which it acquired Lockheed L-100 Hercules aircraft, to take advantage of forthcoming Alaska pipeline c...

MIGI vs YYAI — Head-to-Head

Bigger by revenue
MIGI
MIGI
1.1× larger
MIGI
$3.2M
$3.0M
YYAI
Growing faster (revenue YoY)
YYAI
YYAI
+808.3% gap
YYAI
729.8%
-78.5%
MIGI
Faster 2-yr revenue CAGR
YYAI
YYAI
Annualised
YYAI
14.3%
-58.5%
MIGI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
MIGI
MIGI
YYAI
YYAI
Revenue
$3.2M
$3.0M
Net Profit
$-221.8K
Gross Margin
75.2%
Operating Margin
1.8%
Net Margin
-7.4%
Revenue YoY
-78.5%
729.8%
Net Profit YoY
-246.2%
83.8%
EPS (diluted)
$-0.05

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
MIGI
MIGI
YYAI
YYAI
Q4 25
$3.2M
$3.0M
Q3 25
$13.2M
$3.0M
Q2 25
$9.5M
$3.0M
Q1 25
$13.8M
$3.3M
Q4 24
$15.1M
$3.3M
Q3 24
$12.3M
$3.3M
Q2 24
$13.1M
$-701.1K
Q1 24
$18.8M
Net Profit
MIGI
MIGI
YYAI
YYAI
Q4 25
$-221.8K
Q3 25
$327.7K
$1.3M
Q2 25
$-8.0M
$552.2K
Q1 25
$-310.9K
$-411.2K
Q4 24
$-4.5M
$-1.4M
Q3 24
$-12.2M
$-4.2M
Q2 24
$-9.6M
Q1 24
$-19.8M
Gross Margin
MIGI
MIGI
YYAI
YYAI
Q4 25
75.2%
Q3 25
65.0%
75.2%
Q2 25
41.3%
75.2%
Q1 25
42.9%
77.3%
Q4 24
30.9%
77.3%
Q3 24
35.1%
77.3%
Q2 24
32.9%
Q1 24
37.2%
Operating Margin
MIGI
MIGI
YYAI
YYAI
Q4 25
1.8%
Q3 25
12.0%
49.7%
Q2 25
-68.9%
42.7%
Q1 25
4.2%
16.2%
Q4 24
-35.2%
71.2%
Q3 24
-92.6%
74.6%
Q2 24
-51.5%
Q1 24
-41.0%
Net Margin
MIGI
MIGI
YYAI
YYAI
Q4 25
-7.4%
Q3 25
2.5%
42.0%
Q2 25
-84.1%
18.4%
Q1 25
-2.3%
-12.6%
Q4 24
-30.0%
-41.7%
Q3 24
-99.3%
-129.0%
Q2 24
-73.4%
Q1 24
-105.3%
EPS (diluted)
MIGI
MIGI
YYAI
YYAI
Q4 25
$-0.05
Q3 25
$0.01
Q2 25
$-0.40
Q1 25
$-0.02
$-1.41
Q4 24
$-49.35
$6.43
Q3 24
$-0.66
$-1.91
Q2 24
$-0.55
$-30.98
Q1 24
$-1.19

Balance Sheet & Financial Strength

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

Metric
MIGI
MIGI
YYAI
YYAI
Cash + ST InvestmentsLiquidity on hand
$13.3M
$107.0M
Total DebtLower is stronger
$25.2M
Stockholders' EquityBook value
$-3.1M
$165.4M
Total Assets
$57.4M
$172.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MIGI
MIGI
YYAI
YYAI
Q4 25
$13.3M
$107.0M
Q3 25
$2.3M
$2.5M
Q2 25
$3.2M
$1.4M
Q1 25
$5.5M
$4.3M
Q4 24
$6.1M
$18.1M
Q3 24
$5.8M
$18.2M
Q2 24
$6.8M
$1.8M
Q1 24
$6.4M
Total Debt
MIGI
MIGI
YYAI
YYAI
Q4 25
$25.2M
Q3 25
Q2 25
Q1 25
Q4 24
$20.9M
Q3 24
Q2 24
$393.2K
Q1 24
$41.5K
Stockholders' Equity
MIGI
MIGI
YYAI
YYAI
Q4 25
$-3.1M
$165.4M
Q3 25
$-9.4M
$26.2M
Q2 25
$-8.3M
$25.3M
Q1 25
$-1.4M
$26.1M
Q4 24
$-3.2M
$8.0M
Q3 24
$-1.6M
$9.4M
Q2 24
$4.4M
$9.6M
Q1 24
$13.0M
Total Assets
MIGI
MIGI
YYAI
YYAI
Q4 25
$57.4M
$172.1M
Q3 25
$52.0M
$34.7M
Q2 25
$52.7M
$32.9M
Q1 25
$57.9M
$30.7M
Q4 24
$61.4M
$21.6M
Q3 24
$60.8M
$23.2M
Q2 24
$65.6M
$23.2M
Q1 24
$67.7M
Debt / Equity
MIGI
MIGI
YYAI
YYAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.09×
Q1 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
MIGI
MIGI
YYAI
YYAI
Operating Cash FlowLast quarter
$-6.9M
$-30.8M
Free Cash FlowOCF − Capex
$-7.0M
FCF MarginFCF / Revenue
-218.1%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-10.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MIGI
MIGI
YYAI
YYAI
Q4 25
$-6.9M
$-30.8M
Q3 25
$-844.5K
$-1.1M
Q2 25
$-2.1M
$-423.7K
Q1 25
$-510.4K
$-133.8K
Q4 24
$3.6M
$779.4K
Q3 24
$-1.2M
$-601.3K
Q2 24
$2.5M
$-460.3K
Q1 24
$1.9M
Free Cash Flow
MIGI
MIGI
YYAI
YYAI
Q4 25
$-7.0M
Q3 25
$-859.7K
Q2 25
$-2.1M
Q1 25
$-516.9K
Q4 24
$1.6M
Q3 24
$-1.3M
Q2 24
$592.4K
Q1 24
$1.9M
FCF Margin
MIGI
MIGI
YYAI
YYAI
Q4 25
-218.1%
Q3 25
-6.5%
Q2 25
-22.3%
Q1 25
-3.7%
Q4 24
10.7%
Q3 24
-10.4%
Q2 24
4.5%
Q1 24
9.9%
Capex Intensity
MIGI
MIGI
YYAI
YYAI
Q4 25
4.6%
Q3 25
0.1%
Q2 25
0.5%
Q1 25
0.0%
Q4 24
13.0%
Q3 24
0.3%
Q2 24
14.3%
Q1 24
0.1%
Cash Conversion
MIGI
MIGI
YYAI
YYAI
Q4 25
Q3 25
-2.58×
-0.86×
Q2 25
-0.77×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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