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Side-by-side financial comparison of Maison Solutions Inc. (MSS) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.

Maison Solutions Inc. is the larger business by last-quarter revenue ($27.6M vs $15.8M, roughly 1.7× Spire Global, Inc.). Maison Solutions Inc. runs the higher net margin — -18.0% vs -176.6%, a 158.6% gap on every dollar of revenue. On growth, Maison Solutions Inc. posted the faster year-over-year revenue change (-10.9% vs -26.9%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs -32.6%).

Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.

Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.

MSS vs SPIR — Head-to-Head

Bigger by revenue
MSS
MSS
1.7× larger
MSS
$27.6M
$15.8M
SPIR
Growing faster (revenue YoY)
MSS
MSS
+16.0% gap
MSS
-10.9%
-26.9%
SPIR
Higher net margin
MSS
MSS
158.6% more per $
MSS
-18.0%
-176.6%
SPIR
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
-32.6%
SPIR

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
MSS
MSS
SPIR
SPIR
Revenue
$27.6M
$15.8M
Net Profit
$-5.0M
$-28.0M
Gross Margin
23.4%
40.2%
Operating Margin
-4.9%
-164.1%
Net Margin
-18.0%
-176.6%
Revenue YoY
-10.9%
-26.9%
Net Profit YoY
-1840.5%
42.7%
EPS (diluted)
$-0.23
$-0.85

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
MSS
MSS
SPIR
SPIR
Q4 25
$27.6M
$15.8M
Q3 25
$27.2M
$12.7M
Q2 25
$34.4M
$19.2M
Q1 25
$32.3M
$23.9M
Q4 24
$29.4M
$21.7M
Q3 24
$28.2M
$28.6M
Q2 24
$16.9M
$25.4M
Q1 24
$13.6M
$34.8M
Net Profit
MSS
MSS
SPIR
SPIR
Q4 25
$-5.0M
$-28.0M
Q3 25
$-1.5M
$-19.7M
Q2 25
$-287.4K
$119.6M
Q1 25
$1.0M
$-20.7M
Q4 24
$-256.0K
$-48.8M
Q3 24
$700.9K
$-12.5M
Q2 24
$-2.8M
$-16.6M
Q1 24
$-549.0K
$-25.5M
Gross Margin
MSS
MSS
SPIR
SPIR
Q4 25
23.4%
40.2%
Q3 25
24.1%
36.6%
Q2 25
9.5%
48.9%
Q1 25
21.8%
36.8%
Q4 24
26.9%
32.4%
Q3 24
28.9%
44.5%
Q2 24
13.0%
43.0%
Q1 24
23.4%
26.5%
Operating Margin
MSS
MSS
SPIR
SPIR
Q4 25
-4.9%
-164.1%
Q3 25
0.7%
-166.1%
Q2 25
-15.9%
-122.7%
Q1 25
3.7%
-106.5%
Q4 24
3.2%
-144.1%
Q3 24
7.3%
-48.0%
Q2 24
-14.4%
-48.6%
Q1 24
-2.3%
-34.4%
Net Margin
MSS
MSS
SPIR
SPIR
Q4 25
-18.0%
-176.6%
Q3 25
-5.7%
-155.3%
Q2 25
-0.8%
623.4%
Q1 25
3.1%
-86.5%
Q4 24
-0.9%
-225.2%
Q3 24
2.5%
-43.7%
Q2 24
-16.4%
-65.2%
Q1 24
-4.0%
-73.3%
EPS (diluted)
MSS
MSS
SPIR
SPIR
Q4 25
$-0.23
$-0.85
Q3 25
$-0.08
$-0.61
Q2 25
$-0.02
$3.72
Q1 25
$0.06
$-0.77
Q4 24
$-0.01
$-1.93
Q3 24
$0.04
$-0.50
Q2 24
$-0.16
$-0.68
Q1 24
$-0.03
$-1.17

Balance Sheet & Financial Strength

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

Metric
MSS
MSS
SPIR
SPIR
Cash + ST InvestmentsLiquidity on hand
$81.8M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$11.6M
$112.9M
Total Assets
$75.4M
$211.0M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSS
MSS
SPIR
SPIR
Q4 25
$81.8M
Q3 25
$1.1M
$96.8M
Q2 25
$775.4K
$117.6M
Q1 25
$445.4K
$35.9M
Q4 24
$355.7K
$19.2M
Q3 24
$588.9K
$36.6M
Q2 24
$2.1M
$45.8M
Q1 24
$9.4M
$63.7M
Total Debt
MSS
MSS
SPIR
SPIR
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$2.6M
Q1 25
$103.7M
Q4 24
$103.1M
Q3 24
$2.5M
$4.9M
Q2 24
$2.6M
$4.9M
Q1 24
$2.6M
$123.1M
Stockholders' Equity
MSS
MSS
SPIR
SPIR
Q4 25
$11.6M
$112.9M
Q3 25
$10.1M
$133.1M
Q2 25
$11.7M
$149.2M
Q1 25
$12.0M
$3.7M
Q4 24
$10.9M
$-11.7M
Q3 24
$11.2M
$30.8M
Q2 24
$10.5M
$40.3M
Q1 24
$13.3M
$52.5M
Total Assets
MSS
MSS
SPIR
SPIR
Q4 25
$75.4M
$211.0M
Q3 25
$73.3M
$224.3M
Q2 25
$77.4M
$239.5M
Q1 25
$82.7M
$208.8M
Q4 24
$82.7M
$193.6M
Q3 24
$82.1M
$224.2M
Q2 24
$82.4M
$230.8M
Q1 24
$44.2M
$252.3M
Debt / Equity
MSS
MSS
SPIR
SPIR
Q4 25
0.22×
Q3 25
0.26×
Q2 25
0.22×
Q1 25
27.92×
Q4 24
Q3 24
0.23×
0.16×
Q2 24
0.24×
0.12×
Q1 24
0.19×
2.35×

Cash Flow & Capital Efficiency

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

Metric
MSS
MSS
SPIR
SPIR
Operating Cash FlowLast quarter
$-1.7M
$-4.3M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-102.1%
Capex IntensityCapex / Revenue
75.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-92.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSS
MSS
SPIR
SPIR
Q4 25
$-1.7M
$-4.3M
Q3 25
$1.1M
$-12.0M
Q2 25
$-1.6M
$-35.1M
Q1 25
$1.7M
$-8.4M
Q4 24
$1.1M
$-19.2M
Q3 24
$3.6M
$14.0M
Q2 24
$-2.6M
$-4.4M
Q1 24
$-1.4M
$-8.8M
Free Cash Flow
MSS
MSS
SPIR
SPIR
Q4 25
$-16.2M
Q3 25
$-20.4M
Q2 25
$-38.7M
Q1 25
$-17.3M
Q4 24
$-24.3M
Q3 24
$5.1M
Q2 24
$-9.9M
Q1 24
$-15.9M
FCF Margin
MSS
MSS
SPIR
SPIR
Q4 25
-102.1%
Q3 25
-161.3%
Q2 25
-201.7%
Q1 25
-72.6%
Q4 24
-112.2%
Q3 24
17.8%
Q2 24
-39.0%
Q1 24
-45.7%
Capex Intensity
MSS
MSS
SPIR
SPIR
Q4 25
75.1%
Q3 25
66.2%
Q2 25
18.8%
Q1 25
37.3%
Q4 24
23.5%
Q3 24
31.2%
Q2 24
21.8%
Q1 24
20.3%
Cash Conversion
MSS
MSS
SPIR
SPIR
Q4 25
Q3 25
Q2 25
-0.29×
Q1 25
1.66×
Q4 24
Q3 24
5.12×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

SPIR
SPIR

Segment breakdown not available.

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