vs
Side-by-side financial comparison of MultiSensor AI Holdings, Inc. (MSAI) and Serve Robotics Inc. (SERV). 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 $881.5K, roughly 1.6× Serve Robotics Inc.). MultiSensor AI Holdings, Inc. runs the higher net margin — -164.1% vs -3888.1%, a 3724.0% gap on every dollar of revenue. On growth, Serve Robotics Inc. posted the faster year-over-year revenue change (400.1% vs -0.9%). MultiSensor AI Holdings, Inc. produced more free cash flow last quarter ($-2.6M vs $-46.1M). Over the past eight quarters, Serve Robotics Inc.'s revenue compounded faster (-3.5% 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.
Ecovacs Robotics is a Chinese technology company. It is best known for developing in-home robotic appliances. The company was founded in 1998 by Qian Dongqi and is headquartered in Suzhou, China. According to Global Asia, Ecovacs Robotics had more than 60% of the Chinese market for robots by 2013. In 2023, Nikkei Asia had reported that the market capitalisation of Ecovacs Robotics has grown to near $6.38 billion, which is "roughly 5 times" that of the market capitalisation of rivalling US bas...
MSAI vs SERV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4M | $881.5K |
| Net Profit | $-2.3M | $-34.3M |
| Gross Margin | — | -757.3% |
| Operating Margin | -171.6% | -4572.1% |
| Net Margin | -164.1% | -3888.1% |
| Revenue YoY | -0.9% | 400.1% |
| Net Profit YoY | 23.7% | -161.3% |
| EPS (diluted) | $-0.02 | $-0.50 |
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 | $881.5K | ||
| Q3 25 | $1.6M | $687.0K | ||
| Q2 25 | $1.4M | $642.0K | ||
| Q1 25 | $1.2M | $440.5K | ||
| Q4 24 | $1.4M | $176.3K | ||
| Q3 24 | $1.6M | $222.0K | ||
| Q2 24 | $2.1M | $468.0K | ||
| Q1 24 | $2.3M | $946.7K |
| Q4 25 | $-2.3M | $-34.3M | ||
| Q3 25 | $-1.7M | $-33.0M | ||
| Q2 25 | $-3.3M | $-20.9M | ||
| Q1 25 | $-4.4M | $-13.2M | ||
| Q4 24 | $-3.0M | $-13.1M | ||
| Q3 24 | $-8.2M | $-8.0M | ||
| Q2 24 | $-6.4M | $-9.0M | ||
| Q1 24 | $-3.9M | $-9.0M |
| Q4 25 | — | -757.3% | ||
| Q3 25 | — | -637.4% | ||
| Q2 25 | — | -445.3% | ||
| Q1 25 | — | -333.4% | ||
| Q4 24 | — | -371.7% | ||
| Q3 24 | — | -70.3% | ||
| Q2 24 | — | 30.3% | ||
| Q1 24 | — | 62.8% |
| Q4 25 | -171.6% | -4572.1% | ||
| Q3 25 | -107.6% | -5067.8% | ||
| Q2 25 | -233.8% | -3527.1% | ||
| Q1 25 | -394.6% | -3406.6% | ||
| Q4 24 | -199.6% | -7701.3% | ||
| Q3 24 | -541.5% | -3804.1% | ||
| Q2 24 | -228.1% | -1828.2% | ||
| Q1 24 | -112.7% | -814.6% |
| Q4 25 | -164.1% | -3888.1% | ||
| Q3 25 | -106.5% | -4806.4% | ||
| Q2 25 | -234.1% | -3247.7% | ||
| Q1 25 | -379.1% | -3000.5% | ||
| Q4 24 | -213.2% | -7441.8% | ||
| Q3 24 | -511.5% | -3601.8% | ||
| Q2 24 | -300.8% | -1931.2% | ||
| Q1 24 | -172.4% | -954.7% |
| Q4 25 | $-0.02 | $-0.50 | ||
| Q3 25 | $-0.05 | $-0.54 | ||
| Q2 25 | $-0.10 | $-0.36 | ||
| Q1 25 | $-0.14 | $-0.23 | ||
| Q4 24 | $0.07 | $-0.23 | ||
| Q3 24 | $-0.34 | $-0.20 | ||
| Q2 24 | $-0.47 | $-0.27 | ||
| Q1 24 | $-0.33 | $-0.37 |
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 | $106.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $32.0M | $350.7M |
| Total Assets | $35.5M | $367.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.4M | $106.2M | ||
| Q3 25 | $1.1M | $116.8M | ||
| Q2 25 | $3.2M | $116.7M | ||
| Q1 25 | $4.7M | $197.8M | ||
| Q4 24 | $4.4M | $123.3M | ||
| Q3 24 | $8.6M | $50.9M | ||
| Q2 24 | $234.0K | $28.8M | ||
| Q1 24 | $491.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $642.0K | — | ||
| Q1 24 | $2.8M | — |
| Q4 25 | $32.0M | $350.7M | ||
| Q3 25 | $8.3M | $283.9M | ||
| Q2 25 | $9.8M | $207.2M | ||
| Q1 25 | $12.9M | $210.2M | ||
| Q4 24 | $12.3M | $131.7M | ||
| Q3 24 | $15.6M | $56.2M | ||
| Q2 24 | $1.6M | $28.5M | ||
| Q1 24 | $1.4M | $-8.8M |
| Q4 25 | $35.5M | $367.8M | ||
| Q3 25 | $11.9M | $299.1M | ||
| Q2 25 | $14.6M | $214.3M | ||
| Q1 25 | $16.4M | $216.6M | ||
| Q4 24 | $15.5M | $139.6M | ||
| Q3 24 | $18.9M | $61.5M | ||
| Q2 24 | $16.4M | $32.8M | ||
| Q1 24 | $14.1M | $4.2M |
| 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 | $-29.6M |
| Free Cash FlowOCF − Capex | $-2.6M | $-46.1M |
| FCF MarginFCF / Revenue | -187.3% | -5234.4% |
| Capex IntensityCapex / Revenue | 26.2% | 1872.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.7M | $-117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.2M | $-29.6M | ||
| Q3 25 | $-1.8M | $-25.2M | ||
| Q2 25 | $-804.0K | $-16.0M | ||
| Q1 25 | $-3.2M | $-9.5M | ||
| Q4 24 | $-3.1M | $-6.3M | ||
| Q3 24 | $-12.7M | $-5.5M | ||
| Q2 24 | $-303.0K | $-5.7M | ||
| Q1 24 | $492.0K | $-4.1M |
| Q4 25 | $-2.6M | $-46.1M | ||
| Q3 25 | $-2.1M | $-36.5M | ||
| Q2 25 | $-1.3M | $-22.0M | ||
| Q1 25 | $-3.6M | $-12.9M | ||
| Q4 24 | $-4.1M | $-11.1M | ||
| Q3 24 | $-13.2M | $-10.1M | ||
| Q2 24 | $-844.0K | $-6.5M | ||
| Q1 24 | $-79.0K | $-4.1M |
| Q4 25 | -187.3% | -5234.4% | ||
| Q3 25 | -136.1% | -5314.1% | ||
| Q2 25 | -91.5% | -3426.8% | ||
| Q1 25 | -308.6% | -2934.1% | ||
| Q4 24 | -294.6% | -6307.8% | ||
| Q3 24 | -823.2% | -4529.7% | ||
| Q2 24 | -39.7% | -1396.6% | ||
| Q1 24 | -3.5% | -431.1% |
| Q4 25 | 26.2% | 1872.1% | ||
| Q3 25 | 21.5% | 1649.6% | ||
| Q2 25 | 34.8% | 940.4% | ||
| Q1 25 | 37.2% | 785.7% | ||
| Q4 24 | 76.2% | 2755.1% | ||
| Q3 24 | 30.5% | 2070.7% | ||
| Q2 24 | 25.5% | 169.8% | ||
| Q1 24 | 25.1% | 0.4% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
