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Side-by-side financial comparison of MAXCYTE, INC. (MXCT) and TOP Financial Group Ltd (TOP). Click either name above to swap in a different company.

MAXCYTE, INC. is the larger business by last-quarter revenue ($4.8M vs $2.9M, roughly 1.7× TOP Financial Group Ltd). TOP Financial Group Ltd runs the higher net margin — 6.6% vs -200.5%, a 207.1% gap on every dollar of revenue.

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.

Sun Life Financial Inc. is a Canadian financial services company headquartered in Toronto, Ontario. Founded in 1865, it operates internationally in life insurance, wealth management, and asset management. As of 2024, the company manages over CAD$1.3 trillion in assets and serves clients in Canada, the United States, Asia, and other markets.

MXCT vs TOP — Head-to-Head

Bigger by revenue
MXCT
MXCT
1.7× larger
MXCT
$4.8M
$2.9M
TOP
Higher net margin
TOP
TOP
207.1% more per $
TOP
6.6%
-200.5%
MXCT

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
MXCT
MXCT
TOP
TOP
Revenue
$4.8M
$2.9M
Net Profit
$-9.6M
$190.5K
Gross Margin
Operating Margin
-234.5%
Net Margin
-200.5%
6.6%
Revenue YoY
-20.9%
Net Profit YoY
9.4%
EPS (diluted)

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
MXCT
MXCT
TOP
TOP
Q4 25
$4.8M
Q3 25
$4.6M
$2.9M
Q2 25
$5.8M
Q1 25
$5.7M
Q4 24
$6.1M
Q3 24
$5.6M
Q2 24
$5.0M
Q1 24
$5.6M
Net Profit
MXCT
MXCT
TOP
TOP
Q4 25
$-9.6M
Q3 25
$-12.4M
$190.5K
Q2 25
$-12.4M
Q1 25
$-10.3M
Q4 24
$-10.6M
Q3 24
$-11.6M
Q2 24
$-9.4M
Q1 24
$-9.5M
Operating Margin
MXCT
MXCT
TOP
TOP
Q4 25
-234.5%
Q3 25
-307.4%
Q2 25
-244.3%
Q1 25
-214.1%
Q4 24
-213.1%
Q3 24
-250.4%
Q2 24
-241.0%
Q1 24
-219.8%
Net Margin
MXCT
MXCT
TOP
TOP
Q4 25
-200.5%
Q3 25
-269.7%
6.6%
Q2 25
-212.2%
Q1 25
-178.7%
Q4 24
-175.0%
Q3 24
-205.9%
Q2 24
-188.8%
Q1 24
-170.6%
EPS (diluted)
MXCT
MXCT
TOP
TOP
Q4 25
Q3 25
$-0.12
Q2 25
$-0.12
Q1 25
Q4 24
Q3 24
$-0.11
Q2 24
$-0.09
Q1 24

Balance Sheet & Financial Strength

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

Metric
MXCT
MXCT
TOP
TOP
Cash + ST InvestmentsLiquidity on hand
$103.0M
$14.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$171.5M
$35.0M
Total Assets
$202.5M
$64.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MXCT
MXCT
TOP
TOP
Q4 25
$103.0M
Q3 25
$105.7M
$14.8M
Q2 25
$126.6M
Q1 25
$138.3M
Q4 24
$154.5M
Q3 24
$153.8M
Q2 24
$157.3M
Q1 24
$157.5M
Stockholders' Equity
MXCT
MXCT
TOP
TOP
Q4 25
$171.5M
Q3 25
$180.3M
$35.0M
Q2 25
$190.7M
Q1 25
$199.4M
Q4 24
$206.3M
Q3 24
$213.3M
Q2 24
$221.3M
Q1 24
$226.4M
Total Assets
MXCT
MXCT
TOP
TOP
Q4 25
$202.5M
Q3 25
$213.5M
$64.1M
Q2 25
$219.8M
Q1 25
$230.0M
Q4 24
$239.5M
Q3 24
$248.6M
Q2 24
$251.5M
Q1 24
$257.9M

Cash Flow & Capital Efficiency

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

Metric
MXCT
MXCT
TOP
TOP
Operating Cash FlowLast quarter
$-2.7M
Free Cash FlowOCF − Capex
$-2.9M
FCF MarginFCF / Revenue
-61.0%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-36.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MXCT
MXCT
TOP
TOP
Q4 25
$-2.7M
Q3 25
$-7.5M
Q2 25
$-9.9M
Q1 25
$-14.4M
Q4 24
$-7.8M
Q3 24
$-4.4M
Q2 24
$-4.8M
Q1 24
$-10.6M
Free Cash Flow
MXCT
MXCT
TOP
TOP
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
FCF Margin
MXCT
MXCT
TOP
TOP
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%
Capex Intensity
MXCT
MXCT
TOP
TOP
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%

Financial Flow Comparison

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

Revenue Breakdown by Segment

MXCT
MXCT

Products$4.2M87%
Other$634.0K13%

TOP
TOP

Segment breakdown not available.

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