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Side-by-side financial comparison of MultiSensor AI Holdings, Inc. (MSAI) and TScan Therapeutics, Inc. (TCRX). Click either name above to swap in a different company.
TScan Therapeutics, Inc. is the larger business by last-quarter revenue ($2.6M vs $1.4M, roughly 1.8× MultiSensor AI Holdings, Inc.). MultiSensor AI Holdings, Inc. runs the higher net margin — -164.1% vs -895.1%, a 731.0% gap on every dollar of revenue. On growth, TScan Therapeutics, Inc. posted the faster year-over-year revenue change (286.0% vs -0.9%). MultiSensor AI Holdings, Inc. produced more free cash flow last quarter ($-2.6M vs $-32.2M). Over the past eight quarters, TScan Therapeutics, Inc.'s revenue compounded faster (-9.7% 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.
TScan Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing novel T cell receptor (TCR) immunotherapies for hard-to-treat cancers. Its proprietary platform identifies high-affinity naturally occurring TCRs targeting tumor antigens, with pipeline candidates spanning hematological malignancies and solid tumors, operating in the global oncology therapeutics market.
MSAI vs TCRX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4M | $2.6M |
| Net Profit | $-2.3M | $-23.0M |
| Gross Margin | — | — |
| Operating Margin | -171.6% | -929.4% |
| Net Margin | -164.1% | -895.1% |
| Revenue YoY | -0.9% | 286.0% |
| Net Profit YoY | 23.7% | 35.8% |
| EPS (diluted) | $-0.02 | $-0.18 |
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 | $2.6M | ||
| Q3 25 | $1.6M | $2.5M | ||
| Q2 25 | $1.4M | $3.1M | ||
| Q1 25 | $1.2M | $2.2M | ||
| Q4 24 | $1.4M | — | ||
| Q3 24 | $1.6M | $1.0M | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | $2.3M | — |
| Q4 25 | $-2.3M | $-23.0M | ||
| Q3 25 | $-1.7M | $-35.7M | ||
| Q2 25 | $-3.3M | $-37.0M | ||
| Q1 25 | $-4.4M | $-34.1M | ||
| Q4 24 | $-3.0M | — | ||
| Q3 24 | $-8.2M | $-29.9M | ||
| Q2 24 | $-6.4M | — | ||
| Q1 24 | $-3.9M | — |
| Q4 25 | -171.6% | -929.4% | ||
| Q3 25 | -107.6% | -1475.6% | ||
| Q2 25 | -233.8% | -1256.6% | ||
| Q1 25 | -394.6% | -1669.7% | ||
| Q4 24 | -199.6% | — | ||
| Q3 24 | -541.5% | -3109.8% | ||
| Q2 24 | -228.1% | — | ||
| Q1 24 | -112.7% | — |
| Q4 25 | -164.1% | -895.1% | ||
| Q3 25 | -106.5% | -1422.1% | ||
| Q2 25 | -234.1% | -1201.3% | ||
| Q1 25 | -379.1% | -1571.9% | ||
| Q4 24 | -213.2% | — | ||
| Q3 24 | -511.5% | -2849.1% | ||
| Q2 24 | -300.8% | — | ||
| Q1 24 | -172.4% | — |
| Q4 25 | $-0.02 | $-0.18 | ||
| Q3 25 | $-0.05 | $-0.28 | ||
| Q2 25 | $-0.10 | $-0.28 | ||
| Q1 25 | $-0.14 | $-0.26 | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $-0.34 | $-0.25 | ||
| Q2 24 | $-0.47 | — | ||
| Q1 24 | $-0.33 | — |
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 | $152.4M |
| Total DebtLower is stronger | — | $32.5M |
| Stockholders' EquityBook value | $32.0M | $123.1M |
| Total Assets | $35.5M | $228.8M |
| Debt / EquityLower = less leverage | — | 0.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.4M | $152.4M | ||
| Q3 25 | $1.1M | $184.5M | ||
| Q2 25 | $3.2M | $218.0M | ||
| Q1 25 | $4.7M | $251.7M | ||
| Q4 24 | $4.4M | — | ||
| Q3 24 | $8.6M | $271.1M | ||
| Q2 24 | $234.0K | — | ||
| Q1 24 | $491.0K | — |
| Q4 25 | — | $32.5M | ||
| Q3 25 | — | $32.4M | ||
| Q2 25 | — | $32.3M | ||
| Q1 25 | — | $32.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $30.6M | ||
| Q2 24 | $642.0K | — | ||
| Q1 24 | $2.8M | — |
| Q4 25 | $32.0M | $123.1M | ||
| Q3 25 | $8.3M | $144.0M | ||
| Q2 25 | $9.8M | $176.7M | ||
| Q1 25 | $12.9M | $210.2M | ||
| Q4 24 | $12.3M | — | ||
| Q3 24 | $15.6M | $229.1M | ||
| Q2 24 | $1.6M | — | ||
| Q1 24 | $1.4M | — |
| Q4 25 | $35.5M | $228.8M | ||
| Q3 25 | $11.9M | $262.2M | ||
| Q2 25 | $14.6M | $298.6M | ||
| Q1 25 | $16.4M | $332.7M | ||
| Q4 24 | $15.5M | — | ||
| Q3 24 | $18.9M | $348.0M | ||
| Q2 24 | $16.4M | — | ||
| Q1 24 | $14.1M | — |
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| 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 | $-32.0M |
| Free Cash FlowOCF − Capex | $-2.6M | $-32.2M |
| FCF MarginFCF / Revenue | -187.3% | -1253.3% |
| Capex IntensityCapex / Revenue | 26.2% | 6.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.7M | $-139.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.2M | $-32.0M | ||
| Q3 25 | $-1.8M | $-32.5M | ||
| Q2 25 | $-804.0K | $-33.3M | ||
| Q1 25 | $-3.2M | $-37.6M | ||
| Q4 24 | $-3.1M | — | ||
| Q3 24 | $-12.7M | $-27.9M | ||
| Q2 24 | $-303.0K | — | ||
| Q1 24 | $492.0K | — |
| Q4 25 | $-2.6M | $-32.2M | ||
| Q3 25 | $-2.1M | $-33.9M | ||
| Q2 25 | $-1.3M | $-34.5M | ||
| Q1 25 | $-3.6M | $-39.1M | ||
| Q4 24 | $-4.1M | — | ||
| Q3 24 | $-13.2M | $-29.3M | ||
| Q2 24 | $-844.0K | — | ||
| Q1 24 | $-79.0K | — |
| Q4 25 | -187.3% | -1253.3% | ||
| Q3 25 | -136.1% | -1349.6% | ||
| Q2 25 | -91.5% | -1123.1% | ||
| Q1 25 | -308.6% | -1801.8% | ||
| Q4 24 | -294.6% | — | ||
| Q3 24 | -823.2% | -2792.0% | ||
| Q2 24 | -39.7% | — | ||
| Q1 24 | -3.5% | — |
| Q4 25 | 26.2% | 6.7% | ||
| Q3 25 | 21.5% | 56.8% | ||
| Q2 25 | 34.8% | 41.6% | ||
| Q1 25 | 37.2% | 70.6% | ||
| Q4 24 | 76.2% | — | ||
| Q3 24 | 30.5% | 130.6% | ||
| Q2 24 | 25.5% | — | ||
| Q1 24 | 25.1% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
