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Side-by-side financial comparison of MultiSensor AI Holdings, Inc. (MSAI) and PAVmed Inc. (PAVM). Click either name above to swap in a different company.
MultiSensor AI Holdings, Inc. is the larger business by last-quarter revenue ($1.4M vs $996.0K, roughly 1.4× PAVmed Inc.). PAVmed Inc. runs the higher net margin — 6465.8% vs -164.1%, a 6629.9% gap on every dollar of revenue. On growth, PAVmed Inc. posted the faster year-over-year revenue change (25.9% vs -0.9%). MultiSensor AI Holdings, Inc. produced more free cash flow last quarter ($-2.6M vs $-8.9M).
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.
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.
MSAI vs PAVM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2024
| Metric | | |
|---|---|---|
| Revenue | $1.4M | $996.0K |
| Net Profit | $-2.3M | $64.4M |
| Gross Margin | — | -38.7% |
| Operating Margin | -171.6% | -1162.4% |
| Net Margin | -164.1% | 6465.8% |
| Revenue YoY | -0.9% | 25.9% |
| Net Profit YoY | 23.7% | 464.4% |
| EPS (diluted) | $-0.02 | $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.
| Q4 25 | $1.4M | — | ||
| Q3 25 | $1.6M | — | ||
| Q2 25 | $1.4M | — | ||
| Q1 25 | $1.2M | — | ||
| Q4 24 | $1.4M | — | ||
| Q3 24 | $1.6M | $996.0K | ||
| Q2 24 | $2.1M | $979.0K | ||
| Q1 24 | $2.3M | $1.0M |
| Q4 25 | $-2.3M | — | ||
| Q3 25 | $-1.7M | — | ||
| Q2 25 | $-3.3M | — | ||
| Q1 25 | $-4.4M | — | ||
| Q4 24 | $-3.0M | — | ||
| Q3 24 | $-8.2M | $64.4M | ||
| Q2 24 | $-6.4M | $-10.8M | ||
| Q1 24 | $-3.9M | $-15.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -38.7% | ||
| Q2 24 | — | -70.2% | ||
| Q1 24 | — | -72.7% |
| Q4 25 | -171.6% | — | ||
| Q3 25 | -107.6% | — | ||
| Q2 25 | -233.8% | — | ||
| Q1 25 | -394.6% | — | ||
| Q4 24 | -199.6% | — | ||
| Q3 24 | -541.5% | -1162.4% | ||
| Q2 24 | -228.1% | -1397.8% | ||
| Q1 24 | -112.7% | -1389.7% |
| Q4 25 | -164.1% | — | ||
| Q3 25 | -106.5% | — | ||
| Q2 25 | -234.1% | — | ||
| Q1 25 | -379.1% | — | ||
| Q4 24 | -213.2% | — | ||
| Q3 24 | -511.5% | 6465.8% | ||
| Q2 24 | -300.8% | -1105.9% | ||
| Q1 24 | -172.4% | -1506.1% |
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $-0.05 | — | ||
| Q2 25 | $-0.10 | — | ||
| Q1 25 | $-0.14 | — | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $-0.34 | $1.44 | ||
| Q2 24 | $-0.47 | $-1.19 | ||
| Q1 24 | $-0.33 | $-2.62 |
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 | $765.0K |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $32.0M | $-4.9M |
| Total Assets | $35.5M | $30.6M |
| Debt / EquityLower = less leverage | — | — |
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 | $765.0K | ||
| Q2 24 | $234.0K | $25.5M | ||
| Q1 24 | $491.0K | $25.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $642.0K | — | ||
| Q1 24 | $2.8M | — |
| Q4 25 | $32.0M | — | ||
| Q3 25 | $8.3M | — | ||
| Q2 25 | $9.8M | — | ||
| Q1 25 | $12.9M | — | ||
| Q4 24 | $12.3M | — | ||
| Q3 24 | $15.6M | $-4.9M | ||
| Q2 24 | $1.6M | $-73.9M | ||
| Q1 24 | $1.4M | $-68.8M |
| Q4 25 | $35.5M | — | ||
| Q3 25 | $11.9M | — | ||
| Q2 25 | $14.6M | — | ||
| Q1 25 | $16.4M | — | ||
| Q4 24 | $15.5M | — | ||
| Q3 24 | $18.9M | $30.6M | ||
| Q2 24 | $16.4M | $39.4M | ||
| Q1 24 | $14.1M | $37.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.41× | — | ||
| Q1 24 | 2.04× | — |
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 | $-8.9M |
| Free Cash FlowOCF − Capex | $-2.6M | $-8.9M |
| FCF MarginFCF / Revenue | -187.3% | -892.5% |
| Capex IntensityCapex / Revenue | 26.2% | 0.6% |
| Cash ConversionOCF / Net Profit | — | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | $-9.7M | $-45.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.2M | — | ||
| Q3 25 | $-1.8M | — | ||
| Q2 25 | $-804.0K | — | ||
| Q1 25 | $-3.2M | — | ||
| Q4 24 | $-3.1M | — | ||
| Q3 24 | $-12.7M | $-8.9M | ||
| Q2 24 | $-303.0K | $-11.7M | ||
| Q1 24 | $492.0K | $-13.1M |
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-2.1M | — | ||
| Q2 25 | $-1.3M | — | ||
| Q1 25 | $-3.6M | — | ||
| Q4 24 | $-4.1M | — | ||
| Q3 24 | $-13.2M | $-8.9M | ||
| Q2 24 | $-844.0K | $-11.7M | ||
| Q1 24 | $-79.0K | $-13.2M |
| Q4 25 | -187.3% | — | ||
| Q3 25 | -136.1% | — | ||
| Q2 25 | -91.5% | — | ||
| Q1 25 | -308.6% | — | ||
| Q4 24 | -294.6% | — | ||
| Q3 24 | -823.2% | -892.5% | ||
| Q2 24 | -39.7% | -1190.9% | ||
| Q1 24 | -3.5% | -1302.1% |
| Q4 25 | 26.2% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 34.8% | — | ||
| Q1 25 | 37.2% | — | ||
| Q4 24 | 76.2% | — | ||
| Q3 24 | 30.5% | 0.6% | ||
| Q2 24 | 25.5% | 0.3% | ||
| Q1 24 | 25.1% | 4.2% |
| 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.
