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Side-by-side financial comparison of MAXCYTE, INC. (MXCT) and Zhongchao Inc. (ZCMD). Click either name above to swap in a different company.

Zhongchao Inc. is the larger business by last-quarter revenue ($5.6M vs $4.8M, roughly 1.2× MAXCYTE, INC.). Zhongchao Inc. runs the higher net margin — -17.2% vs -200.5%, a 183.2% gap on every dollar of revenue. On growth, MAXCYTE, INC. posted the faster year-over-year revenue change (-20.9% vs -32.9%).

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.

Zhongchao Inc. is a China-based healthcare information and service provider. It mainly offers professional medical education courses for healthcare practitioners, healthcare data analysis solutions, and patient care support services to pharmaceutical enterprises, medical institutions, and public health management entities across the Chinese mainland.

MXCT vs ZCMD — Head-to-Head

Bigger by revenue
ZCMD
ZCMD
1.2× larger
ZCMD
$5.6M
$4.8M
MXCT
Growing faster (revenue YoY)
MXCT
MXCT
+12.0% gap
MXCT
-20.9%
-32.9%
ZCMD
Higher net margin
ZCMD
ZCMD
183.2% more per $
ZCMD
-17.2%
-200.5%
MXCT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MXCT
MXCT
ZCMD
ZCMD
Revenue
$4.8M
$5.6M
Net Profit
$-9.6M
$-965.3K
Gross Margin
48.4%
Operating Margin
-234.5%
-15.7%
Net Margin
-200.5%
-17.2%
Revenue YoY
-20.9%
-32.9%
Net Profit YoY
9.4%
-1171.9%
EPS (diluted)
$-0.04

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
ZCMD
ZCMD
Q4 25
$4.8M
Q3 25
$4.6M
Q2 25
$5.8M
$5.6M
Q1 25
$5.7M
Q4 24
$6.1M
Q3 24
$5.6M
Q2 24
$5.0M
$8.3M
Q1 24
$5.6M
Net Profit
MXCT
MXCT
ZCMD
ZCMD
Q4 25
$-9.6M
Q3 25
$-12.4M
Q2 25
$-12.4M
$-965.3K
Q1 25
$-10.3M
Q4 24
$-10.6M
Q3 24
$-11.6M
Q2 24
$-9.4M
$90.0K
Q1 24
$-9.5M
Gross Margin
MXCT
MXCT
ZCMD
ZCMD
Q4 25
Q3 25
Q2 25
48.4%
Q1 25
Q4 24
Q3 24
Q2 24
56.7%
Q1 24
Operating Margin
MXCT
MXCT
ZCMD
ZCMD
Q4 25
-234.5%
Q3 25
-307.4%
Q2 25
-244.3%
-15.7%
Q1 25
-214.1%
Q4 24
-213.1%
Q3 24
-250.4%
Q2 24
-241.0%
-0.6%
Q1 24
-219.8%
Net Margin
MXCT
MXCT
ZCMD
ZCMD
Q4 25
-200.5%
Q3 25
-269.7%
Q2 25
-212.2%
-17.2%
Q1 25
-178.7%
Q4 24
-175.0%
Q3 24
-205.9%
Q2 24
-188.8%
1.1%
Q1 24
-170.6%
EPS (diluted)
MXCT
MXCT
ZCMD
ZCMD
Q4 25
Q3 25
$-0.12
Q2 25
$-0.12
$-0.04
Q1 25
Q4 24
Q3 24
$-0.11
Q2 24
$-0.09
$0.03
Q1 24

Balance Sheet & Financial Strength

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

Metric
MXCT
MXCT
ZCMD
ZCMD
Cash + ST InvestmentsLiquidity on hand
$103.0M
$15.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$171.5M
$20.3M
Total Assets
$202.5M
$26.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MXCT
MXCT
ZCMD
ZCMD
Q4 25
$103.0M
Q3 25
$105.7M
Q2 25
$126.6M
$15.0M
Q1 25
$138.3M
Q4 24
$154.5M
Q3 24
$153.8M
Q2 24
$157.3M
$12.2M
Q1 24
$157.5M
Stockholders' Equity
MXCT
MXCT
ZCMD
ZCMD
Q4 25
$171.5M
Q3 25
$180.3M
Q2 25
$190.7M
$20.3M
Q1 25
$199.4M
Q4 24
$206.3M
Q3 24
$213.3M
Q2 24
$221.3M
$17.7M
Q1 24
$226.4M
Total Assets
MXCT
MXCT
ZCMD
ZCMD
Q4 25
$202.5M
Q3 25
$213.5M
Q2 25
$219.8M
$26.3M
Q1 25
$230.0M
Q4 24
$239.5M
Q3 24
$248.6M
Q2 24
$251.5M
$24.0M
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
ZCMD
ZCMD
Operating Cash FlowLast quarter
$-2.7M
$1.8M
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
ZCMD
ZCMD
Q4 25
$-2.7M
Q3 25
$-7.5M
Q2 25
$-9.9M
$1.8M
Q1 25
$-14.4M
Q4 24
$-7.8M
Q3 24
$-4.4M
Q2 24
$-4.8M
$809.6K
Q1 24
$-10.6M
Free Cash Flow
MXCT
MXCT
ZCMD
ZCMD
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
$-1.3M
Q1 24
$-11.4M
FCF Margin
MXCT
MXCT
ZCMD
ZCMD
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%
-15.4%
Q1 24
-203.6%
Capex Intensity
MXCT
MXCT
ZCMD
ZCMD
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%
25.1%
Q1 24
14.4%
Cash Conversion
MXCT
MXCT
ZCMD
ZCMD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
8.99×
Q1 24

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%

ZCMD
ZCMD

Segment breakdown not available.

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