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Side-by-side financial comparison of MultiSensor AI Holdings, Inc. (MSAI) and SOCIETY PASS INCORPORATED. (SOPA). 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 $1.4M, roughly 1.0× SOCIETY PASS INCORPORATED.). MultiSensor AI Holdings, Inc. runs the higher net margin — -164.1% vs -370.8%, a 206.7% gap on every dollar of revenue. On growth, MultiSensor AI Holdings, Inc. posted the faster year-over-year revenue change (-0.9% vs -17.6%). MultiSensor AI Holdings, Inc. produced more free cash flow last quarter ($-2.6M vs $-16.7M). Over the past eight quarters, SOCIETY PASS INCORPORATED.'s revenue compounded faster (-11.2% 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.

The Wilderness Society is an Australian, community-based, not-for-profit non-governmental environmental advocacy organisation.

MSAI vs SOPA — Head-to-Head

Bigger by revenue
MSAI
MSAI
1.0× larger
MSAI
$1.4M
$1.4M
SOPA
Growing faster (revenue YoY)
MSAI
MSAI
+16.8% gap
MSAI
-0.9%
-17.6%
SOPA
Higher net margin
MSAI
MSAI
206.7% more per $
MSAI
-164.1%
-370.8%
SOPA
More free cash flow
MSAI
MSAI
$14.1M more FCF
MSAI
$-2.6M
$-16.7M
SOPA
Faster 2-yr revenue CAGR
SOPA
SOPA
Annualised
SOPA
-11.2%
-21.9%
MSAI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MSAI
MSAI
SOPA
SOPA
Revenue
$1.4M
$1.4M
Net Profit
$-2.3M
$-5.1M
Gross Margin
64.3%
Operating Margin
-171.6%
-379.9%
Net Margin
-164.1%
-370.8%
Revenue YoY
-0.9%
-17.6%
Net Profit YoY
23.7%
-271.5%
EPS (diluted)
$-0.02
$-0.89

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
SOPA
SOPA
Q4 25
$1.4M
Q3 25
$1.6M
$1.4M
Q2 25
$1.4M
$2.5M
Q1 25
$1.2M
$1.5M
Q4 24
$1.4M
$1.9M
Q3 24
$1.6M
$1.7M
Q2 24
$2.1M
$1.7M
Q1 24
$2.3M
$1.8M
Net Profit
MSAI
MSAI
SOPA
SOPA
Q4 25
$-2.3M
Q3 25
$-1.7M
$-5.1M
Q2 25
$-3.3M
$479.0K
Q1 25
$-4.4M
$-1.8M
Q4 24
$-3.0M
$-4.1M
Q3 24
$-8.2M
$-1.4M
Q2 24
$-6.4M
$-1.9M
Q1 24
$-3.9M
$-2.8M
Gross Margin
MSAI
MSAI
SOPA
SOPA
Q4 25
Q3 25
64.3%
Q2 25
56.5%
Q1 25
31.6%
Q4 24
28.9%
Q3 24
21.8%
Q2 24
27.1%
Q1 24
26.7%
Operating Margin
MSAI
MSAI
SOPA
SOPA
Q4 25
-171.6%
Q3 25
-107.6%
-379.9%
Q2 25
-233.8%
-6.1%
Q1 25
-394.6%
-126.6%
Q4 24
-199.6%
-165.6%
Q3 24
-541.5%
-70.1%
Q2 24
-228.1%
-126.0%
Q1 24
-112.7%
-156.6%
Net Margin
MSAI
MSAI
SOPA
SOPA
Q4 25
-164.1%
Q3 25
-106.5%
-370.8%
Q2 25
-234.1%
19.1%
Q1 25
-379.1%
-124.9%
Q4 24
-213.2%
-217.5%
Q3 24
-511.5%
-82.2%
Q2 24
-300.8%
-113.3%
Q1 24
-172.4%
-153.8%
EPS (diluted)
MSAI
MSAI
SOPA
SOPA
Q4 25
$-0.02
Q3 25
$-0.05
$-0.89
Q2 25
$-0.10
$0.10
Q1 25
$-0.14
$-0.44
Q4 24
$0.07
$-1.03
Q3 24
$-0.34
$-0.48
Q2 24
$-0.47
$-0.73
Q1 24
$-0.33
$-1.21

Balance Sheet & Financial Strength

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

Metric
MSAI
MSAI
SOPA
SOPA
Cash + ST InvestmentsLiquidity on hand
$24.4M
$6.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$32.0M
$13.9M
Total Assets
$35.5M
$32.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSAI
MSAI
SOPA
SOPA
Q4 25
$24.4M
Q3 25
$1.1M
$6.6M
Q2 25
$3.2M
$8.2M
Q1 25
$4.7M
$7.1M
Q4 24
$4.4M
$7.6M
Q3 24
$8.6M
$4.2M
Q2 24
$234.0K
$833.9K
Q1 24
$491.0K
$1.6M
Total Debt
MSAI
MSAI
SOPA
SOPA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$642.0K
Q1 24
$2.8M
Stockholders' Equity
MSAI
MSAI
SOPA
SOPA
Q4 25
$32.0M
Q3 25
$8.3M
$13.9M
Q2 25
$9.8M
$2.4M
Q1 25
$12.9M
$-663.0K
Q4 24
$12.3M
$-2.1M
Q3 24
$15.6M
$862.6K
Q2 24
$1.6M
$2.4M
Q1 24
$1.4M
$3.5M
Total Assets
MSAI
MSAI
SOPA
SOPA
Q4 25
$35.5M
Q3 25
$11.9M
$32.9M
Q2 25
$14.6M
$29.2M
Q1 25
$16.4M
$22.9M
Q4 24
$15.5M
$21.3M
Q3 24
$18.9M
$17.0M
Q2 24
$16.4M
$13.0M
Q1 24
$14.1M
$13.3M
Debt / Equity
MSAI
MSAI
SOPA
SOPA
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
MSAI
MSAI
SOPA
SOPA
Operating Cash FlowLast quarter
$-2.2M
$-16.7M
Free Cash FlowOCF − Capex
$-2.6M
$-16.7M
FCF MarginFCF / Revenue
-187.3%
-1211.0%
Capex IntensityCapex / Revenue
26.2%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSAI
MSAI
SOPA
SOPA
Q4 25
$-2.2M
Q3 25
$-1.8M
$-16.7M
Q2 25
$-804.0K
$-1.8M
Q1 25
$-3.2M
$-4.0M
Q4 24
$-3.1M
$3.7M
Q3 24
$-12.7M
$2.0M
Q2 24
$-303.0K
$-864.6K
Q1 24
$492.0K
$-2.4M
Free Cash Flow
MSAI
MSAI
SOPA
SOPA
Q4 25
$-2.6M
Q3 25
$-2.1M
$-16.7M
Q2 25
$-1.3M
Q1 25
$-3.6M
Q4 24
$-4.1M
Q3 24
$-13.2M
Q2 24
$-844.0K
Q1 24
$-79.0K
FCF Margin
MSAI
MSAI
SOPA
SOPA
Q4 25
-187.3%
Q3 25
-136.1%
-1211.0%
Q2 25
-91.5%
Q1 25
-308.6%
Q4 24
-294.6%
Q3 24
-823.2%
Q2 24
-39.7%
Q1 24
-3.5%
Capex Intensity
MSAI
MSAI
SOPA
SOPA
Q4 25
26.2%
Q3 25
21.5%
0.0%
Q2 25
34.8%
Q1 25
37.2%
Q4 24
76.2%
Q3 24
30.5%
Q2 24
25.5%
Q1 24
25.1%
Cash Conversion
MSAI
MSAI
SOPA
SOPA
Q4 25
Q3 25
Q2 25
-3.70×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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