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Side-by-side financial comparison of MAXCYTE, INC. (MXCT) and PURE CYCLE CORP (PCYO). Click either name above to swap in a different company.
PURE CYCLE CORP is the larger business by last-quarter revenue ($9.1M vs $4.8M, roughly 1.9× MAXCYTE, INC.). PURE CYCLE CORP runs the higher net margin — 50.0% vs -200.5%, a 250.4% gap on every dollar of revenue. On growth, PURE CYCLE CORP posted the faster year-over-year revenue change (58.8% vs -20.9%). Over the past eight quarters, PURE CYCLE CORP's revenue compounded faster (69.0% CAGR vs -7.4%).
MaxCyte Inc. is a global biotechnology company focused on developing cell engineering platforms and enabling technologies for cell and gene therapy advancement. Its proprietary non-viral cell modification systems are widely used by pharmaceutical, biotech and life science research entities to develop immunotherapies, gene-edited treatments and next-generation biologic drugs from preclinical research through commercialization.
Pure Cycles, is a bicycle company based in Los Angeles, California that was founded by Michael Fishman, Jordan Schau, Zachary Schau and Austin Stoffers in 2010, as Pure Fix Cycles.
MXCT vs PCYO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.8M | $9.1M |
| Net Profit | $-9.6M | $4.6M |
| Gross Margin | — | 68.4% |
| Operating Margin | -234.5% | 48.0% |
| Net Margin | -200.5% | 50.0% |
| Revenue YoY | -20.9% | 58.8% |
| Net Profit YoY | 9.4% | 16.0% |
| EPS (diluted) | — | $0.19 |
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 | $4.8M | $9.1M | ||
| Q3 25 | $4.6M | $11.2M | ||
| Q2 25 | $5.8M | $5.1M | ||
| Q1 25 | $5.7M | $4.0M | ||
| Q4 24 | $6.1M | $5.8M | ||
| Q3 24 | $5.6M | $12.6M | ||
| Q2 24 | $5.0M | $7.6M | ||
| Q1 24 | $5.6M | $3.2M |
| Q4 25 | $-9.6M | $4.6M | ||
| Q3 25 | $-12.4M | $6.1M | ||
| Q2 25 | $-12.4M | $2.3M | ||
| Q1 25 | $-10.3M | $809.0K | ||
| Q4 24 | $-10.6M | $3.9M | ||
| Q3 24 | $-11.6M | $6.6M | ||
| Q2 24 | $-9.4M | $2.8M | ||
| Q1 24 | $-9.5M | $118.0K |
| Q4 25 | — | 68.4% | ||
| Q3 25 | — | 67.7% | ||
| Q2 25 | — | 63.4% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 63.8% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 64.0% | ||
| Q1 24 | — | 55.6% |
| Q4 25 | -234.5% | 48.0% | ||
| Q3 25 | -307.4% | 53.1% | ||
| Q2 25 | -244.3% | 26.0% | ||
| Q1 25 | -214.1% | -33.2% | ||
| Q4 24 | -213.1% | 29.9% | ||
| Q3 24 | -250.4% | 62.0% | ||
| Q2 24 | -241.0% | 40.3% | ||
| Q1 24 | -219.8% | -11.5% |
| Q4 25 | -200.5% | 50.0% | ||
| Q3 25 | -269.7% | 54.5% | ||
| Q2 25 | -212.2% | 43.9% | ||
| Q1 25 | -178.7% | 20.3% | ||
| Q4 24 | -175.0% | 68.4% | ||
| Q3 24 | -205.9% | 52.6% | ||
| Q2 24 | -188.8% | 37.2% | ||
| Q1 24 | -170.6% | 3.7% |
| Q4 25 | — | $0.19 | ||
| Q3 25 | $-0.12 | $0.26 | ||
| Q2 25 | $-0.12 | $0.09 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | — | $0.16 | ||
| Q3 24 | $-0.11 | $0.27 | ||
| Q2 24 | $-0.09 | $0.12 | ||
| Q1 24 | — | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $103.0M | $17.1M |
| Total DebtLower is stronger | — | $8.0M |
| Stockholders' EquityBook value | $171.5M | $147.5M |
| Total Assets | $202.5M | $168.1M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.0M | $17.1M | ||
| Q3 25 | $105.7M | $21.9M | ||
| Q2 25 | $126.6M | $14.4M | ||
| Q1 25 | $138.3M | $16.5M | ||
| Q4 24 | $154.5M | $19.0M | ||
| Q3 24 | $153.8M | $22.1M | ||
| Q2 24 | $157.3M | $20.5M | ||
| Q1 24 | $157.5M | $20.6M |
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $6.8M | ||
| Q2 25 | — | $6.9M | ||
| Q1 25 | — | $6.9M | ||
| Q4 24 | — | $6.9M | ||
| Q3 24 | — | $6.9M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $171.5M | $147.5M | ||
| Q3 25 | $180.3M | $142.7M | ||
| Q2 25 | $190.7M | $136.7M | ||
| Q1 25 | $199.4M | $134.4M | ||
| Q4 24 | $206.3M | $133.6M | ||
| Q3 24 | $213.3M | $129.7M | ||
| Q2 24 | $221.3M | $123.2M | ||
| Q1 24 | $226.4M | $120.4M |
| Q4 25 | $202.5M | $168.1M | ||
| Q3 25 | $213.5M | $162.3M | ||
| Q2 25 | $219.8M | $151.7M | ||
| Q1 25 | $230.0M | $149.7M | ||
| Q4 24 | $239.5M | $149.7M | ||
| Q3 24 | $248.6M | $147.4M | ||
| Q2 24 | $251.5M | $140.4M | ||
| Q1 24 | $257.9M | $135.2M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-2.7M | $-979.0K |
| Free Cash FlowOCF − Capex | $-2.9M | — |
| FCF MarginFCF / Revenue | -61.0% | — |
| Capex IntensityCapex / Revenue | 4.8% | — |
| Cash ConversionOCF / Net Profit | — | -0.21× |
| TTM Free Cash FlowTrailing 4 quarters | $-36.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.7M | $-979.0K | ||
| Q3 25 | $-7.5M | $9.4M | ||
| Q2 25 | $-9.9M | $-503.0K | ||
| Q1 25 | $-14.4M | $-1.4M | ||
| Q4 24 | $-7.8M | $5.7M | ||
| Q3 24 | $-4.4M | $3.1M | ||
| Q2 24 | $-4.8M | $892.0K | ||
| Q1 24 | $-10.6M | $-457.0K |
| Q4 25 | $-2.9M | — | ||
| Q3 25 | $-7.8M | — | ||
| Q2 25 | $-10.4M | — | ||
| Q1 25 | $-15.1M | — | ||
| Q4 24 | $-8.0M | — | ||
| Q3 24 | $-4.8M | — | ||
| Q2 24 | $-5.1M | — | ||
| Q1 24 | $-11.4M | — |
| Q4 25 | -61.0% | — | ||
| Q3 25 | -168.5% | — | ||
| Q2 25 | -179.2% | — | ||
| Q1 25 | -262.3% | — | ||
| Q4 24 | -131.6% | — | ||
| Q3 24 | -85.5% | — | ||
| Q2 24 | -103.3% | — | ||
| Q1 24 | -203.6% | — |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 7.2% | — | ||
| Q2 24 | 5.9% | — | ||
| Q1 24 | 14.4% | — |
| Q4 25 | — | -0.21× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | — | -0.22× | ||
| Q1 25 | — | -1.70× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | -3.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MXCT
| Products | $4.2M | 87% |
| Other | $634.0K | 13% |
PCYO
| Construction | $6.5M | 71% |
| Water And Wastewater Resource Development Segment | $2.5M | 27% |
