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Side-by-side financial comparison of MAXCYTE, INC. (MXCT) and Worksport Ltd (WKSP). Click either name above to swap in a different company.
MAXCYTE, INC. is the larger business by last-quarter revenue ($4.8M vs $4.7M, roughly 1.0× Worksport Ltd). On growth, Worksport Ltd posted the faster year-over-year revenue change (62.0% vs -20.9%). MAXCYTE, INC. produced more free cash flow last quarter ($-2.9M vs $-6.3M). Over the past eight quarters, Worksport Ltd's revenue compounded faster (204.2% 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.
Worksport LtdWKSPEarnings & Financial Report
Worksport Ltd is a cleantech company specializing in portable solar energy solutions and custom truck bed accessories. Its core offerings include solar-powered tonneau covers for pickup trucks and portable mobile power stations, serving the North American automotive aftermarket and consumer clean energy segments.
MXCT vs WKSP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.8M | $4.7M |
| Net Profit | $-9.6M | — |
| Gross Margin | — | 30.1% |
| Operating Margin | -234.5% | -129.6% |
| Net Margin | -200.5% | — |
| Revenue YoY | -20.9% | 62.0% |
| Net Profit YoY | 9.4% | — |
| EPS (diluted) | — | $-0.65 |
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 | $4.7M | ||
| Q3 25 | $4.6M | $5.0M | ||
| Q2 25 | $5.8M | $4.1M | ||
| Q1 25 | $5.7M | $2.2M | ||
| Q4 24 | $6.1M | $2.9M | ||
| Q3 24 | $5.6M | $3.1M | ||
| Q2 24 | $5.0M | $1.9M | ||
| Q1 24 | $5.6M | $512.6K |
| Q4 25 | $-9.6M | — | ||
| Q3 25 | $-12.4M | $-4.9M | ||
| Q2 25 | $-12.4M | $-3.7M | ||
| Q1 25 | $-10.3M | $-4.5M | ||
| Q4 24 | $-10.6M | — | ||
| Q3 24 | $-11.6M | $-4.1M | ||
| Q2 24 | $-9.4M | $-4.0M | ||
| Q1 24 | $-9.5M | $-3.7M |
| Q4 25 | — | 30.1% | ||
| Q3 25 | — | 31.3% | ||
| Q2 25 | — | 26.4% | ||
| Q1 25 | — | 17.7% | ||
| Q4 24 | — | 11.1% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 15.4% | ||
| Q1 24 | — | 7.3% |
| Q4 25 | -234.5% | -129.6% | ||
| Q3 25 | -307.4% | -95.6% | ||
| Q2 25 | -244.3% | -88.1% | ||
| Q1 25 | -214.1% | -190.0% | ||
| Q4 24 | -213.1% | -137.0% | ||
| Q3 24 | -250.4% | -125.1% | ||
| Q2 24 | -241.0% | -203.5% | ||
| Q1 24 | -219.8% | -709.9% |
| Q4 25 | -200.5% | — | ||
| Q3 25 | -269.7% | -98.3% | ||
| Q2 25 | -212.2% | -91.0% | ||
| Q1 25 | -178.7% | -199.1% | ||
| Q4 24 | -175.0% | — | ||
| Q3 24 | -205.9% | -132.4% | ||
| Q2 24 | -188.8% | -208.9% | ||
| Q1 24 | -170.6% | -724.6% |
| Q4 25 | — | $-0.65 | ||
| Q3 25 | $-0.12 | $-0.75 | ||
| Q2 25 | $-0.12 | $-0.71 | ||
| Q1 25 | — | $-1.05 | ||
| Q4 24 | — | $-1.14 | ||
| Q3 24 | $-0.11 | $-1.40 | ||
| Q2 24 | $-0.09 | $-1.55 | ||
| Q1 24 | — | $-1.75 |
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 | $5.9M |
| Total DebtLower is stronger | — | $2.7M |
| Stockholders' EquityBook value | $171.5M | $22.9M |
| Total Assets | $202.5M | $30.7M |
| Debt / EquityLower = less leverage | — | 0.12× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.0M | $5.9M | ||
| Q3 25 | $105.7M | $3.8M | ||
| Q2 25 | $126.6M | $1.4M | ||
| Q1 25 | $138.3M | $5.1M | ||
| Q4 24 | $154.5M | $4.9M | ||
| Q3 24 | $153.8M | $1.9M | ||
| Q2 24 | $157.3M | $3.4M | ||
| Q1 24 | $157.5M | $3.5M |
| Q4 25 | — | $2.7M | ||
| Q3 25 | — | $2.9M | ||
| Q2 25 | — | $2.5M | ||
| Q1 25 | — | $3.1M | ||
| Q4 24 | — | $5.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $171.5M | $22.9M | ||
| Q3 25 | $180.3M | $19.8M | ||
| Q2 25 | $190.7M | $17.3M | ||
| Q1 25 | $199.4M | $20.1M | ||
| Q4 24 | $206.3M | $17.4M | ||
| Q3 24 | $213.3M | $16.4M | ||
| Q2 24 | $221.3M | $19.1M | ||
| Q1 24 | $226.4M | $18.9M |
| Q4 25 | $202.5M | $30.7M | ||
| Q3 25 | $213.5M | $27.0M | ||
| Q2 25 | $219.8M | $23.6M | ||
| Q1 25 | $230.0M | $26.7M | ||
| Q4 24 | $239.5M | $25.7M | ||
| Q3 24 | $248.6M | $24.9M | ||
| Q2 24 | $251.5M | $27.2M | ||
| Q1 24 | $257.9M | $27.3M |
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | — | ||
| 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 | $-6.1M |
| Free Cash FlowOCF − Capex | $-2.9M | $-6.3M |
| FCF MarginFCF / Revenue | -61.0% | -132.4% |
| Capex IntensityCapex / Revenue | 4.8% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-36.2M | $-18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.7M | $-6.1M | ||
| Q3 25 | $-7.5M | $-4.3M | ||
| Q2 25 | $-9.9M | $-3.1M | ||
| Q1 25 | $-14.4M | $-3.8M | ||
| Q4 24 | $-7.8M | $-2.2M | ||
| Q3 24 | $-4.4M | $-1.5M | ||
| Q2 24 | $-4.8M | $-3.6M | ||
| Q1 24 | $-10.6M | $-2.8M |
| Q4 25 | $-2.9M | $-6.3M | ||
| Q3 25 | $-7.8M | $-4.6M | ||
| Q2 25 | $-10.4M | $-3.2M | ||
| Q1 25 | $-15.1M | $-4.0M | ||
| Q4 24 | $-8.0M | $-2.2M | ||
| Q3 24 | $-4.8M | $-1.7M | ||
| Q2 24 | $-5.1M | $-3.7M | ||
| Q1 24 | $-11.4M | $-3.0M |
| Q4 25 | -61.0% | -132.4% | ||
| Q3 25 | -168.5% | -92.1% | ||
| Q2 25 | -179.2% | -77.1% | ||
| Q1 25 | -262.3% | -180.4% | ||
| Q4 24 | -131.6% | -75.4% | ||
| Q3 24 | -85.5% | -54.5% | ||
| Q2 24 | -103.3% | -195.1% | ||
| Q1 24 | -203.6% | -586.7% |
| Q4 25 | 4.8% | 3.3% | ||
| Q3 25 | 6.5% | 7.3% | ||
| Q2 25 | 10.0% | 1.7% | ||
| Q1 25 | 11.4% | 9.0% | ||
| Q4 24 | 2.4% | 0.9% | ||
| Q3 24 | 7.2% | 5.3% | ||
| Q2 24 | 5.9% | 6.4% | ||
| Q1 24 | 14.4% | 41.5% |
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% |
WKSP
Segment breakdown not available.
