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Side-by-side financial comparison of Nano Labs Ltd (NA) and TScan Therapeutics, Inc. (TCRX). Click either name above to swap in a different company.
Nano Labs Ltd is the larger business by last-quarter revenue ($2.7M vs $2.6M, roughly 1.0× TScan Therapeutics, Inc.). Nano Labs Ltd runs the higher net margin — 754.5% vs -895.1%, a 1649.5% gap on every dollar of revenue. Nano Labs Ltd produced more free cash flow last quarter ($-8.4M vs $-32.2M).
Weebit Nano is a public semiconductor IP company founded in Israel in 2015 and headquartered in Hod HaSharon, Israel. The company develops Resistive Random-Access Memory technologies. Resistive Random-Access Memory is a specialized form of non-volatile memory (NVM) for the semiconductor industry. The company's products are targeted at a broad range of NVM markets where persistence, performance, and endurance are all required. ReRAM technology can be integrated in electronic devices like weara...
TScan Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing novel T cell receptor (TCR) immunotherapies for hard-to-treat cancers. Its proprietary platform identifies high-affinity naturally occurring TCRs targeting tumor antigens, with pipeline candidates spanning hematological malignancies and solid tumors, operating in the global oncology therapeutics market.
NA vs TCRX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7M | $2.6M |
| Net Profit | $20.3M | $-23.0M |
| Gross Margin | — | — |
| Operating Margin | — | -929.4% |
| Net Margin | 754.5% | -895.1% |
| Revenue YoY | — | 286.0% |
| Net Profit YoY | — | 35.8% |
| EPS (diluted) | $1.03 | $-0.18 |
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 | $2.7M | $2.6M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | $1.2M | $3.1M | ||
| Q1 25 | — | $2.2M | ||
| Q3 24 | — | $1.0M | ||
| Q2 24 | $3.5M | — | ||
| Q4 23 | — | $7.2M | ||
| Q3 23 | — | $3.9M |
| Q4 25 | $20.3M | $-23.0M | ||
| Q3 25 | — | $-35.7M | ||
| Q2 25 | $-985.5K | $-37.0M | ||
| Q1 25 | — | $-34.1M | ||
| Q3 24 | — | $-29.9M | ||
| Q2 24 | $-8.0M | — | ||
| Q4 23 | — | $-19.6M | ||
| Q3 23 | — | $-23.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.1% | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | — | -929.4% | ||
| Q3 25 | — | -1475.6% | ||
| Q2 25 | -459.2% | -1256.6% | ||
| Q1 25 | — | -1669.7% | ||
| Q3 24 | — | -3109.8% | ||
| Q2 24 | -237.2% | — | ||
| Q4 23 | — | -296.2% | ||
| Q3 23 | — | -636.7% |
| Q4 25 | 754.5% | -895.1% | ||
| Q3 25 | — | -1422.1% | ||
| Q2 25 | -85.2% | -1201.3% | ||
| Q1 25 | — | -1571.9% | ||
| Q3 24 | — | -2849.1% | ||
| Q2 24 | -231.3% | — | ||
| Q4 23 | — | -272.0% | ||
| Q3 23 | — | -591.6% |
| Q4 25 | $1.03 | $-0.18 | ||
| Q3 25 | — | $-0.28 | ||
| Q2 25 | $-0.06 | $-0.28 | ||
| Q1 25 | — | $-0.26 | ||
| Q3 24 | — | $-0.25 | ||
| Q2 24 | $-0.12 | — | ||
| Q4 23 | — | $0.32 | ||
| Q3 23 | — | $-0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9M | $152.4M |
| Total DebtLower is stronger | $24.5M | $32.5M |
| Stockholders' EquityBook value | $106.5M | $123.1M |
| Total Assets | $159.3M | $228.8M |
| Debt / EquityLower = less leverage | 0.23× | 0.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $152.4M | ||
| Q3 25 | — | $184.5M | ||
| Q2 25 | $50.8M | $218.0M | ||
| Q1 25 | — | $251.7M | ||
| Q3 24 | — | $271.1M | ||
| Q2 24 | $3.3M | — | ||
| Q4 23 | — | $192.0M | ||
| Q3 23 | — | $215.4M |
| Q4 25 | $24.5M | $32.5M | ||
| Q3 25 | — | $32.4M | ||
| Q2 25 | $24.8M | $32.3M | ||
| Q1 25 | — | $32.2M | ||
| Q3 24 | — | $30.6M | ||
| Q2 24 | $22.5M | — | ||
| Q4 23 | — | $30.0M | ||
| Q3 23 | — | $29.9M |
| Q4 25 | $106.5M | $123.1M | ||
| Q3 25 | — | $144.0M | ||
| Q2 25 | $86.8M | $176.7M | ||
| Q1 25 | — | $210.2M | ||
| Q3 24 | — | $229.1M | ||
| Q2 24 | $-5.1M | — | ||
| Q4 23 | — | $150.9M | ||
| Q3 23 | — | $169.0M |
| Q4 25 | $159.3M | $228.8M | ||
| Q3 25 | — | $262.2M | ||
| Q2 25 | $206.4M | $298.6M | ||
| Q1 25 | — | $332.7M | ||
| Q3 24 | — | $348.0M | ||
| Q2 24 | $51.2M | — | ||
| Q4 23 | — | $272.1M | ||
| Q3 23 | — | $291.4M |
| Q4 25 | 0.23× | 0.26× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | 0.29× | 0.18× | ||
| Q1 25 | — | 0.15× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | — | ||
| Q4 23 | — | 0.20× | ||
| Q3 23 | — | 0.18× |
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 | $-8.3M | $-32.0M |
| Free Cash FlowOCF − Capex | $-8.4M | $-32.2M |
| FCF MarginFCF / Revenue | -312.3% | -1253.3% |
| Capex IntensityCapex / Revenue | 2.9% | 6.7% |
| Cash ConversionOCF / Net Profit | -0.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-139.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.3M | $-32.0M | ||
| Q3 25 | — | $-32.5M | ||
| Q2 25 | $-7.1M | $-33.3M | ||
| Q1 25 | — | $-37.6M | ||
| Q3 24 | — | $-27.9M | ||
| Q2 24 | $-10.8M | — | ||
| Q4 23 | — | $-23.8M | ||
| Q3 23 | — | $8.0M |
| Q4 25 | $-8.4M | $-32.2M | ||
| Q3 25 | — | $-33.9M | ||
| Q2 25 | $-7.2M | $-34.5M | ||
| Q1 25 | — | $-39.1M | ||
| Q3 24 | — | $-29.3M | ||
| Q2 24 | $-15.4M | — | ||
| Q4 23 | — | $-24.2M | ||
| Q3 23 | — | $6.6M |
| Q4 25 | -312.3% | -1253.3% | ||
| Q3 25 | — | -1349.6% | ||
| Q2 25 | -620.3% | -1123.1% | ||
| Q1 25 | — | -1801.8% | ||
| Q3 24 | — | -2792.0% | ||
| Q2 24 | -443.4% | — | ||
| Q4 23 | — | -336.1% | ||
| Q3 23 | — | 169.7% |
| Q4 25 | 2.9% | 6.7% | ||
| Q3 25 | — | 56.8% | ||
| Q2 25 | 7.2% | 41.6% | ||
| Q1 25 | — | 70.6% | ||
| Q3 24 | — | 130.6% | ||
| Q2 24 | 133.1% | — | ||
| Q4 23 | — | 6.5% | ||
| Q3 23 | — | 36.5% |
| Q4 25 | -0.41× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
