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Side-by-side financial comparison of MultiSensor AI Holdings, Inc. (MSAI) and Roivant Sciences Ltd. (ROIV). Click either name above to swap in a different company.

Roivant Sciences Ltd. is the larger business by last-quarter revenue ($2.0M vs $1.4M, roughly 1.4× MultiSensor AI Holdings, Inc.). MultiSensor AI Holdings, Inc. runs the higher net margin — -164.1% vs -13301.2%, a 13137.1% gap on every dollar of revenue. On growth, MultiSensor AI Holdings, Inc. posted the faster year-over-year revenue change (-0.9% vs -77.8%). MultiSensor AI Holdings, Inc. produced more free cash flow last quarter ($-2.6M vs $-201.4M). Over the past eight quarters, MultiSensor AI Holdings, Inc.'s revenue compounded faster (-21.9% CAGR vs -73.7%).

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.

Roivant Sciences Ltd. is an American multinational healthcare company focused on applying technology to drug development and building subsidiary life sciences and health technology companies. It was founded in 2014 by Vivek Ramaswamy and is currently headed by CEO Matt Gline. Roivant maintains its headquarters in New York City as well as major offices in the biotech hubs of Boston and Basel.

MSAI vs ROIV — Head-to-Head

Bigger by revenue
ROIV
ROIV
1.4× larger
ROIV
$2.0M
$1.4M
MSAI
Growing faster (revenue YoY)
MSAI
MSAI
+77.0% gap
MSAI
-0.9%
-77.8%
ROIV
Higher net margin
MSAI
MSAI
13137.1% more per $
MSAI
-164.1%
-13301.2%
ROIV
More free cash flow
MSAI
MSAI
$198.8M more FCF
MSAI
$-2.6M
$-201.4M
ROIV
Faster 2-yr revenue CAGR
MSAI
MSAI
Annualised
MSAI
-21.9%
-73.7%
ROIV

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MSAI
MSAI
ROIV
ROIV
Revenue
$1.4M
$2.0M
Net Profit
$-2.3M
$-265.9M
Gross Margin
Operating Margin
-171.6%
-16966.1%
Net Margin
-164.1%
-13301.2%
Revenue YoY
-0.9%
-77.8%
Net Profit YoY
23.7%
-257.0%
EPS (diluted)
$-0.02
$-0.38

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
MSAI
MSAI
ROIV
ROIV
Q4 25
$1.4M
$2.0M
Q3 25
$1.6M
$1.6M
Q2 25
$1.4M
$2.2M
Q1 25
$1.2M
$-39.6M
Q4 24
$1.4M
$9.0M
Q3 24
$1.6M
$4.5M
Q2 24
$2.1M
$8.0M
Q1 24
$2.3M
$28.9M
Net Profit
MSAI
MSAI
ROIV
ROIV
Q4 25
$-2.3M
$-265.9M
Q3 25
$-1.7M
$-113.5M
Q2 25
$-3.3M
$-223.4M
Q1 25
$-4.4M
$-206.5M
Q4 24
$-3.0M
$169.4M
Q3 24
$-8.2M
$-230.2M
Q2 24
$-6.4M
$95.3M
Q1 24
$-3.9M
$-151.1M
Operating Margin
MSAI
MSAI
ROIV
ROIV
Q4 25
-171.6%
-16966.1%
Q3 25
-107.6%
-19492.9%
Q2 25
-233.8%
-13130.0%
Q1 25
-394.6%
674.8%
Q4 24
-199.6%
-3042.6%
Q3 24
-541.5%
-7636.0%
Q2 24
-228.1%
-1279.5%
Q1 24
-112.7%
-919.5%
Net Margin
MSAI
MSAI
ROIV
ROIV
Q4 25
-164.1%
-13301.2%
Q3 25
-106.5%
-7225.9%
Q2 25
-234.1%
-10292.9%
Q1 25
-379.1%
521.8%
Q4 24
-213.2%
1878.3%
Q3 24
-511.5%
-5143.8%
Q2 24
-300.8%
1192.7%
Q1 24
-172.4%
-522.3%
EPS (diluted)
MSAI
MSAI
ROIV
ROIV
Q4 25
$-0.02
$-0.38
Q3 25
$-0.05
$-0.17
Q2 25
$-0.10
$-0.33
Q1 25
$-0.14
$-0.28
Q4 24
$0.07
$0.23
Q3 24
$-0.34
$-0.31
Q2 24
$-0.47
$0.12
Q1 24
$-0.33
$-0.02

Balance Sheet & Financial Strength

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

Metric
MSAI
MSAI
ROIV
ROIV
Cash + ST InvestmentsLiquidity on hand
$24.4M
$4.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$32.0M
$4.3B
Total Assets
$35.5M
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSAI
MSAI
ROIV
ROIV
Q4 25
$24.4M
$4.5B
Q3 25
$1.1M
$4.4B
Q2 25
$3.2M
$4.5B
Q1 25
$4.7M
$4.9B
Q4 24
$4.4M
$5.1B
Q3 24
$8.6M
$5.4B
Q2 24
$234.0K
$5.7B
Q1 24
$491.0K
$6.5B
Total Debt
MSAI
MSAI
ROIV
ROIV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$642.0K
$311.7M
Q1 24
$2.8M
$430.6M
Stockholders' Equity
MSAI
MSAI
ROIV
ROIV
Q4 25
$32.0M
$4.3B
Q3 25
$8.3M
$4.4B
Q2 25
$9.8M
$4.3B
Q1 25
$12.9M
$4.7B
Q4 24
$12.3M
$5.2B
Q3 24
$15.6M
$5.2B
Q2 24
$1.6M
$5.4B
Q1 24
$1.4M
$6.0B
Total Assets
MSAI
MSAI
ROIV
ROIV
Q4 25
$35.5M
$5.2B
Q3 25
$11.9M
$5.1B
Q2 25
$14.6M
$5.0B
Q1 25
$16.4M
$5.4B
Q4 24
$15.5M
$5.8B
Q3 24
$18.9M
$6.2B
Q2 24
$16.4M
$6.5B
Q1 24
$14.1M
$7.2B
Debt / Equity
MSAI
MSAI
ROIV
ROIV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.41×
0.06×
Q1 24
2.04×
0.07×

Cash Flow & Capital Efficiency

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

Metric
MSAI
MSAI
ROIV
ROIV
Operating Cash FlowLast quarter
$-2.2M
$-196.5M
Free Cash FlowOCF − Capex
$-2.6M
$-201.4M
FCF MarginFCF / Revenue
-187.3%
-10076.0%
Capex IntensityCapex / Revenue
26.2%
246.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.7M
$-776.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSAI
MSAI
ROIV
ROIV
Q4 25
$-2.2M
$-196.5M
Q3 25
$-1.8M
$-185.7M
Q2 25
$-804.0K
$-204.4M
Q1 25
$-3.2M
$-172.6M
Q4 24
$-3.1M
$-207.3M
Q3 24
$-12.7M
$-266.8M
Q2 24
$-303.0K
$-192.8M
Q1 24
$492.0K
$-108.5M
Free Cash Flow
MSAI
MSAI
ROIV
ROIV
Q4 25
$-2.6M
$-201.4M
Q3 25
$-2.1M
$-193.5M
Q2 25
$-1.3M
$-208.4M
Q1 25
$-3.6M
$-173.4M
Q4 24
$-4.1M
$-209.1M
Q3 24
$-13.2M
$-267.8M
Q2 24
$-844.0K
$-193.8M
Q1 24
$-79.0K
$-108.8M
FCF Margin
MSAI
MSAI
ROIV
ROIV
Q4 25
-187.3%
-10076.0%
Q3 25
-136.1%
-12317.8%
Q2 25
-91.5%
-9604.5%
Q1 25
-308.6%
438.1%
Q4 24
-294.6%
-2318.5%
Q3 24
-823.2%
-5984.4%
Q2 24
-39.7%
-2425.5%
Q1 24
-3.5%
-376.1%
Capex Intensity
MSAI
MSAI
ROIV
ROIV
Q4 25
26.2%
246.9%
Q3 25
21.5%
499.6%
Q2 25
34.8%
185.9%
Q1 25
37.2%
-2.0%
Q4 24
76.2%
20.3%
Q3 24
30.5%
22.3%
Q2 24
25.5%
12.1%
Q1 24
25.1%
1.2%
Cash Conversion
MSAI
MSAI
ROIV
ROIV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-1.22×
Q3 24
Q2 24
-2.02×
Q1 24

Financial Flow Comparison

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

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