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Side-by-side financial comparison of Maison Solutions Inc. (MSS) and TERAWULF INC. (WULF). Click either name above to swap in a different company.

Maison Solutions Inc. is the larger business by last-quarter revenue ($27.6M vs $26.1M, roughly 1.1× TERAWULF INC.). Maison Solutions Inc. runs the higher net margin — -18.0% vs -484.2%, a 466.2% gap on every dollar of revenue. On growth, Maison Solutions Inc. posted the faster year-over-year revenue change (-10.9% vs -25.3%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs -21.5%).

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.

TeraWulf Inc. is an American bitcoin mining company. Founded in 2021 and publicly listed on Nasdaq under the ticker WULF, it operates mining facilities in New York and Pennsylvania.

MSS vs WULF — Head-to-Head

Bigger by revenue
MSS
MSS
1.1× larger
MSS
$27.6M
$26.1M
WULF
Growing faster (revenue YoY)
MSS
MSS
+14.3% gap
MSS
-10.9%
-25.3%
WULF
Higher net margin
MSS
MSS
466.2% more per $
MSS
-18.0%
-484.2%
WULF
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
-21.5%
WULF

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
MSS
MSS
WULF
WULF
Revenue
$27.6M
$26.1M
Net Profit
$-5.0M
$-126.6M
Gross Margin
23.4%
27.7%
Operating Margin
-4.9%
-330.2%
Net Margin
-18.0%
-484.2%
Revenue YoY
-10.9%
-25.3%
Net Profit YoY
-1840.5%
-333.5%
EPS (diluted)
$-0.23
$-0.32

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
WULF
WULF
Q4 25
$27.6M
$26.1M
Q3 25
$27.2M
$50.6M
Q2 25
$34.4M
$47.6M
Q1 25
$32.3M
$34.4M
Q4 24
$29.4M
$35.0M
Q3 24
$28.2M
$27.1M
Q2 24
$16.9M
$35.6M
Q1 24
$13.6M
$42.4M
Net Profit
MSS
MSS
WULF
WULF
Q4 25
$-5.0M
$-126.6M
Q3 25
$-1.5M
$-455.1M
Q2 25
$-287.4K
$-18.4M
Q1 25
$1.0M
$-61.4M
Q4 24
$-256.0K
$-29.2M
Q3 24
$700.9K
$-22.7M
Q2 24
$-2.8M
$-10.9M
Q1 24
$-549.0K
$-9.6M
Gross Margin
MSS
MSS
WULF
WULF
Q4 25
23.4%
27.7%
Q3 25
24.1%
57.2%
Q2 25
9.5%
53.6%
Q1 25
21.8%
28.6%
Q4 24
26.9%
26.6%
Q3 24
28.9%
40.0%
Q2 24
13.0%
60.9%
Q1 24
23.4%
66.0%
Operating Margin
MSS
MSS
WULF
WULF
Q4 25
-4.9%
-330.2%
Q3 25
0.7%
-48.8%
Q2 25
-15.9%
-32.7%
Q1 25
3.7%
-173.3%
Q4 24
3.2%
-147.0%
Q3 24
7.3%
-58.1%
Q2 24
-14.4%
-19.0%
Q1 24
-2.3%
-5.5%
Net Margin
MSS
MSS
WULF
WULF
Q4 25
-18.0%
-484.2%
Q3 25
-5.7%
-899.7%
Q2 25
-0.8%
-38.6%
Q1 25
3.1%
-178.5%
Q4 24
-0.9%
-83.5%
Q3 24
2.5%
-84.0%
Q2 24
-16.4%
-30.6%
Q1 24
-4.0%
-22.7%
EPS (diluted)
MSS
MSS
WULF
WULF
Q4 25
$-0.23
$-0.32
Q3 25
$-0.08
$-1.13
Q2 25
$-0.02
$-0.05
Q1 25
$0.06
$-0.16
Q4 24
$-0.01
$-0.09
Q3 24
$0.04
$-0.06
Q2 24
$-0.16
$-0.03
Q1 24
$-0.03
$-0.03

Balance Sheet & Financial Strength

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

Metric
MSS
MSS
WULF
WULF
Cash + ST InvestmentsLiquidity on hand
$3.3B
Total DebtLower is stronger
$2.6M
$3.1B
Stockholders' EquityBook value
$11.6M
$140.4M
Total Assets
$75.4M
$6.6B
Debt / EquityLower = less leverage
0.22×
22.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSS
MSS
WULF
WULF
Q4 25
$3.3B
Q3 25
$1.1M
$711.3M
Q2 25
$775.4K
$90.0M
Q1 25
$445.4K
$218.2M
Q4 24
$355.7K
$274.1M
Q3 24
$588.9K
$23.9M
Q2 24
$2.1M
$104.1M
Q1 24
$9.4M
$45.8M
Total Debt
MSS
MSS
WULF
WULF
Q4 25
$2.6M
$3.1B
Q3 25
$2.6M
Q2 25
$2.6M
Q1 25
Q4 24
$0
Q3 24
$2.5M
$0
Q2 24
$2.6M
$72.3M
Q1 24
$2.6M
$99.4M
Stockholders' Equity
MSS
MSS
WULF
WULF
Q4 25
$11.6M
$140.4M
Q3 25
$10.1M
$247.3M
Q2 25
$11.7M
$174.3M
Q1 25
$12.0M
$170.4M
Q4 24
$10.9M
$244.4M
Q3 24
$11.2M
$372.6M
Q2 24
$10.5M
$386.2M
Q1 24
$13.3M
$272.3M
Total Assets
MSS
MSS
WULF
WULF
Q4 25
$75.4M
$6.6B
Q3 25
$73.3M
$2.5B
Q2 25
$77.4M
$869.4M
Q1 25
$82.7M
$841.2M
Q4 24
$82.7M
$787.5M
Q3 24
$82.1M
$405.9M
Q2 24
$82.4M
$479.6M
Q1 24
$44.2M
$395.4M
Debt / Equity
MSS
MSS
WULF
WULF
Q4 25
0.22×
22.06×
Q3 25
0.26×
Q2 25
0.22×
Q1 25
Q4 24
0.00×
Q3 24
0.23×
0.00×
Q2 24
0.24×
0.19×
Q1 24
0.19×
0.37×

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
WULF
WULF
Operating Cash FlowLast quarter
$-1.7M
$-123.2M
Free Cash FlowOCF − Capex
$-1.2B
FCF MarginFCF / Revenue
-4527.0%
Capex IntensityCapex / Revenue
4055.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSS
MSS
WULF
WULF
Q4 25
$-1.7M
$-123.2M
Q3 25
$1.1M
$-36.7M
Q2 25
$-1.6M
$-54.8M
Q1 25
$1.7M
$56.5M
Q4 24
$1.1M
$-24.4M
Q3 24
$3.6M
$-20.9M
Q2 24
$-2.6M
$16.4M
Q1 24
$-1.4M
$22.8M
Free Cash Flow
MSS
MSS
WULF
WULF
Q4 25
$-1.2B
Q3 25
$-268.3M
Q2 25
$-174.8M
Q1 25
$-37.2M
Q4 24
$-292.4M
Q3 24
$-41.7M
Q2 24
$-30.2M
Q1 24
$-24.1M
FCF Margin
MSS
MSS
WULF
WULF
Q4 25
-4527.0%
Q3 25
-530.4%
Q2 25
-366.8%
Q1 25
-108.1%
Q4 24
-835.7%
Q3 24
-153.9%
Q2 24
-84.9%
Q1 24
-56.9%
Capex Intensity
MSS
MSS
WULF
WULF
Q4 25
4055.8%
Q3 25
457.8%
Q2 25
251.8%
Q1 25
272.3%
Q4 24
765.9%
Q3 24
76.6%
Q2 24
131.0%
Q1 24
110.7%
Cash Conversion
MSS
MSS
WULF
WULF
Q4 25
Q3 25
Q2 25
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%

WULF
WULF

Segment breakdown not available.

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