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Side-by-side financial comparison of MultiSensor AI Holdings, Inc. (MSAI) and SYNTEC OPTICS HOLDINGS, INC. (OPTX). Click either name above to swap in a different company.
SYNTEC OPTICS HOLDINGS, INC. is the larger business by last-quarter revenue ($7.5M vs $1.4M, roughly 5.4× MultiSensor AI Holdings, Inc.). SYNTEC OPTICS HOLDINGS, INC. runs the higher net margin — -4.6% vs -164.1%, a 159.5% gap on every dollar of revenue. On growth, SYNTEC OPTICS HOLDINGS, INC. posted the faster year-over-year revenue change (2.5% vs -0.9%). SYNTEC OPTICS HOLDINGS, INC. produced more free cash flow last quarter ($-4.4K vs $-2.6M). Over the past eight quarters, SYNTEC OPTICS HOLDINGS, INC.'s revenue compounded faster (9.5% CAGR vs -21.9%).
Figure AI, Inc. is an American robotics company developing AI-powered humanoid robots. The company was founded in 2022 by Brett Adcock, also known for founding Archer Aviation and Vettery.
MSAI vs OPTX — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.4M | $7.5M |
| Net Profit | $-2.3M | $-343.8K |
| Gross Margin | — | 23.6% |
| Operating Margin | -171.6% | 4.2% |
| Net Margin | -164.1% | -4.6% |
| Revenue YoY | -0.9% | 2.5% |
| Net Profit YoY | 23.7% | 77.7% |
| EPS (diluted) | $-0.02 | $-0.01 |
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.
| Q4 25 | $1.4M | $7.5M | ||
| Q3 25 | $1.6M | $7.0M | ||
| Q2 25 | $1.4M | $6.6M | ||
| Q1 25 | $1.2M | $7.1M | ||
| Q4 24 | $1.4M | $7.3M | ||
| Q3 24 | $1.6M | $7.9M | ||
| Q2 24 | $2.1M | $7.0M | ||
| Q1 24 | $2.3M | $6.3M |
| Q4 25 | $-2.3M | $-343.8K | ||
| Q3 25 | $-1.7M | $-1.4M | ||
| Q2 25 | $-3.3M | $-343.9K | ||
| Q1 25 | $-4.4M | $323.7K | ||
| Q4 24 | $-3.0M | $-1.5M | ||
| Q3 24 | $-8.2M | $-13.3K | ||
| Q2 24 | $-6.4M | $281.8K | ||
| Q1 24 | $-3.9M | $-1.2M |
| Q4 25 | — | 23.6% | ||
| Q3 25 | — | 12.3% | ||
| Q2 25 | — | 24.4% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 31.0% | ||
| Q1 24 | — | 11.3% |
| Q4 25 | -171.6% | 4.2% | ||
| Q3 25 | -107.6% | -17.5% | ||
| Q2 25 | -233.8% | -2.2% | ||
| Q1 25 | -394.6% | 7.5% | ||
| Q4 24 | -199.6% | -19.6% | ||
| Q3 24 | -541.5% | 1.4% | ||
| Q2 24 | -228.1% | 2.3% | ||
| Q1 24 | -112.7% | -22.5% |
| Q4 25 | -164.1% | -4.6% | ||
| Q3 25 | -106.5% | -20.6% | ||
| Q2 25 | -234.1% | -5.2% | ||
| Q1 25 | -379.1% | 4.6% | ||
| Q4 24 | -213.2% | -21.0% | ||
| Q3 24 | -511.5% | -0.2% | ||
| Q2 24 | -300.8% | 4.0% | ||
| Q1 24 | -172.4% | -19.3% |
| Q4 25 | $-0.02 | $-0.01 | ||
| Q3 25 | $-0.05 | $-0.04 | ||
| Q2 25 | $-0.10 | $-0.01 | ||
| Q1 25 | $-0.14 | $0.01 | ||
| Q4 24 | $0.07 | $-0.05 | ||
| Q3 24 | $-0.34 | $0.00 | ||
| Q2 24 | $-0.47 | $0.01 | ||
| Q1 24 | $-0.33 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.4M | — |
| Total DebtLower is stronger | — | $2.6M |
| Stockholders' EquityBook value | $32.0M | $9.5M |
| Total Assets | $35.5M | $24.3M |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.4M | — | ||
| Q3 25 | $1.1M | — | ||
| Q2 25 | $3.2M | — | ||
| Q1 25 | $4.7M | — | ||
| Q4 24 | $4.4M | — | ||
| Q3 24 | $8.6M | — | ||
| Q2 24 | $234.0K | — | ||
| Q1 24 | $491.0K | — |
| Q4 25 | — | $2.6M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | — | $3.1M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | $642.0K | $2.8M | ||
| Q1 24 | $2.8M | $3.0M |
| Q4 25 | $32.0M | $9.5M | ||
| Q3 25 | $8.3M | $9.8M | ||
| Q2 25 | $9.8M | $11.0M | ||
| Q1 25 | $12.9M | $11.4M | ||
| Q4 24 | $12.3M | $11.0M | ||
| Q3 24 | $15.6M | $12.1M | ||
| Q2 24 | $1.6M | $12.1M | ||
| Q1 24 | $1.4M | $11.9M |
| Q4 25 | $35.5M | $24.3M | ||
| Q3 25 | $11.9M | $24.6M | ||
| Q2 25 | $14.6M | $25.3M | ||
| Q1 25 | $16.4M | $26.3M | ||
| Q4 24 | $15.5M | $26.0M | ||
| Q3 24 | $18.9M | $27.3M | ||
| Q2 24 | $16.4M | $25.8M | ||
| Q1 24 | $14.1M | $24.6M |
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.28× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | 0.41× | 0.23× | ||
| Q1 24 | 2.04× | 0.25× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.2M | $-3.9K |
| Free Cash FlowOCF − Capex | $-2.6M | $-4.4K |
| FCF MarginFCF / Revenue | -187.3% | -0.1% |
| Capex IntensityCapex / Revenue | 26.2% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.7M | $28.3K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.2M | $-3.9K | ||
| Q3 25 | $-1.8M | $535.3K | ||
| Q2 25 | $-804.0K | $-158.0K | ||
| Q1 25 | $-3.2M | $299.3K | ||
| Q4 24 | $-3.1M | $623.8K | ||
| Q3 24 | $-12.7M | $417.3K | ||
| Q2 24 | $-303.0K | $-1.7M | ||
| Q1 24 | $492.0K | $-289.8K |
| Q4 25 | $-2.6M | $-4.4K | ||
| Q3 25 | $-2.1M | $496.3K | ||
| Q2 25 | $-1.3M | $-548.1K | ||
| Q1 25 | $-3.6M | $84.6K | ||
| Q4 24 | $-4.1M | $12.1K | ||
| Q3 24 | $-13.2M | $43.8K | ||
| Q2 24 | $-844.0K | $-1.9M | ||
| Q1 24 | $-79.0K | $-385.1K |
| Q4 25 | -187.3% | -0.1% | ||
| Q3 25 | -136.1% | 7.1% | ||
| Q2 25 | -91.5% | -8.4% | ||
| Q1 25 | -308.6% | 1.2% | ||
| Q4 24 | -294.6% | 0.2% | ||
| Q3 24 | -823.2% | 0.6% | ||
| Q2 24 | -39.7% | -26.5% | ||
| Q1 24 | -3.5% | -6.2% |
| Q4 25 | 26.2% | 0.0% | ||
| Q3 25 | 21.5% | 0.6% | ||
| Q2 25 | 34.8% | 5.9% | ||
| Q1 25 | 37.2% | 3.0% | ||
| Q4 24 | 76.2% | 8.4% | ||
| Q3 24 | 30.5% | 4.7% | ||
| Q2 24 | 25.5% | 2.3% | ||
| Q1 24 | 25.1% | 1.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -6.01× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
