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Side-by-side financial comparison of MOBIX LABS, INC (MOBX) and PAVmed Inc. (PAVM). Click either name above to swap in a different company.

MOBIX LABS, INC is the larger business by last-quarter revenue ($1.9M vs $996.0K, roughly 1.9× PAVmed Inc.). PAVmed Inc. runs the higher net margin — 6465.8% vs -540.0%, a 7005.8% gap on every dollar of revenue. On growth, PAVmed Inc. posted the faster year-over-year revenue change (25.9% vs -40.8%).

PAVmed Inc. is a commercial-stage medical technology company that designs, develops and commercializes innovative diagnostic and therapeutic medical products. Its portfolio covers point-of-care diagnostics, interventional oncology and gastroenterology solutions, primarily serving healthcare providers and patients across the United States.

MOBX vs PAVM — Head-to-Head

Bigger by revenue
MOBX
MOBX
1.9× larger
MOBX
$1.9M
$996.0K
PAVM
Growing faster (revenue YoY)
PAVM
PAVM
+66.7% gap
PAVM
25.9%
-40.8%
MOBX
Higher net margin
PAVM
PAVM
7005.8% more per $
PAVM
6465.8%
-540.0%
MOBX

Income Statement — Q1 FY2026 vs Q3 FY2024

Metric
MOBX
MOBX
PAVM
PAVM
Revenue
$1.9M
$996.0K
Net Profit
$-10.1M
$64.4M
Gross Margin
31.0%
-38.7%
Operating Margin
-471.1%
-1162.4%
Net Margin
-540.0%
6465.8%
Revenue YoY
-40.8%
25.9%
Net Profit YoY
49.0%
464.4%
EPS (diluted)
$-0.16
$1.44

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
MOBX
MOBX
PAVM
PAVM
Q4 25
$1.9M
Q3 25
$1.9M
Q2 25
$2.4M
Q1 25
$2.5M
Q4 24
$3.2M
Q3 24
$3.0M
$996.0K
Q2 24
$2.1M
$979.0K
Q1 24
$1.1M
$1.0M
Net Profit
MOBX
MOBX
PAVM
PAVM
Q4 25
$-10.1M
Q3 25
$-15.7M
Q2 25
$-8.3M
Q1 25
$-2.3M
Q4 24
$-19.8M
Q3 24
$-11.5M
$64.4M
Q2 24
$-7.7M
$-10.8M
Q1 24
$-1.8M
$-15.2M
Gross Margin
MOBX
MOBX
PAVM
PAVM
Q4 25
31.0%
Q3 25
50.5%
Q2 25
57.4%
Q1 25
40.6%
Q4 24
53.2%
Q3 24
56.6%
-38.7%
Q2 24
35.5%
-70.2%
Q1 24
16.9%
-72.7%
Operating Margin
MOBX
MOBX
PAVM
PAVM
Q4 25
-471.1%
Q3 25
-834.9%
Q2 25
-343.4%
Q1 25
-311.7%
Q4 24
-461.7%
Q3 24
-378.0%
-1162.4%
Q2 24
-454.2%
-1397.8%
Q1 24
-747.8%
-1389.7%
Net Margin
MOBX
MOBX
PAVM
PAVM
Q4 25
-540.0%
Q3 25
-835.8%
Q2 25
-352.0%
Q1 25
-91.2%
Q4 24
-626.0%
Q3 24
-390.6%
6465.8%
Q2 24
-373.1%
-1105.9%
Q1 24
-153.1%
-1506.1%
EPS (diluted)
MOBX
MOBX
PAVM
PAVM
Q4 25
$-0.16
Q3 25
$-0.26
Q2 25
$-0.17
Q1 25
$-0.06
Q4 24
$-0.52
Q3 24
$-0.33
$1.44
Q2 24
$-0.25
$-1.19
Q1 24
$-0.21
$-2.62

Balance Sheet & Financial Strength

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

Metric
MOBX
MOBX
PAVM
PAVM
Cash + ST InvestmentsLiquidity on hand
$765.0K
Total DebtLower is stronger
$6.3M
Stockholders' EquityBook value
$4.7M
$-4.9M
Total Assets
$32.7M
$30.6M
Debt / EquityLower = less leverage
1.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MOBX
MOBX
PAVM
PAVM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$765.0K
Q2 24
$25.5M
Q1 24
$25.5M
Total Debt
MOBX
MOBX
PAVM
PAVM
Q4 25
$6.3M
Q3 25
$6.2M
Q2 25
$4.4M
Q1 25
$4.6M
Q4 24
$3.6M
Q3 24
$3.4M
Q2 24
$3.2M
Q1 24
$3.2M
Stockholders' Equity
MOBX
MOBX
PAVM
PAVM
Q4 25
$4.7M
Q3 25
$-336.0K
Q2 25
$425.0K
Q1 25
$342.0K
Q4 24
$-3.0M
Q3 24
$5.5M
$-4.9M
Q2 24
$8.5M
$-73.9M
Q1 24
$4.2M
$-68.8M
Total Assets
MOBX
MOBX
PAVM
PAVM
Q4 25
$32.7M
Q3 25
$37.1M
Q2 25
$34.6M
Q1 25
$36.5M
Q4 24
$37.3M
Q3 24
$39.1M
$30.6M
Q2 24
$41.3M
$39.4M
Q1 24
$29.5M
$37.3M
Debt / Equity
MOBX
MOBX
PAVM
PAVM
Q4 25
1.34×
Q3 25
Q2 25
10.26×
Q1 25
13.44×
Q4 24
Q3 24
0.62×
Q2 24
0.38×
Q1 24
0.76×

Cash Flow & Capital Efficiency

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

Metric
MOBX
MOBX
PAVM
PAVM
Operating Cash FlowLast quarter
$-4.8M
$-8.9M
Free Cash FlowOCF − Capex
$-8.9M
FCF MarginFCF / Revenue
-892.5%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
-0.14×
TTM Free Cash FlowTrailing 4 quarters
$-45.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MOBX
MOBX
PAVM
PAVM
Q4 25
$-4.8M
Q3 25
$-4.5M
Q2 25
$-4.1M
Q1 25
$-586.0K
Q4 24
$-930.0K
Q3 24
$-3.6M
$-8.9M
Q2 24
$-3.1M
$-11.7M
Q1 24
$-8.1M
$-13.1M
Free Cash Flow
MOBX
MOBX
PAVM
PAVM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-4.6M
$-8.9M
Q2 24
$-3.1M
$-11.7M
Q1 24
$-9.1M
$-13.2M
FCF Margin
MOBX
MOBX
PAVM
PAVM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-157.1%
-892.5%
Q2 24
-151.8%
-1190.9%
Q1 24
-794.1%
-1302.1%
Capex Intensity
MOBX
MOBX
PAVM
PAVM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
34.5%
0.6%
Q2 24
2.2%
0.3%
Q1 24
87.3%
4.2%
Cash Conversion
MOBX
MOBX
PAVM
PAVM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.14×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MOBX
MOBX

US$1.7M92%
Other$155.0K8%

PAVM
PAVM

Segment breakdown not available.

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