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Side-by-side financial comparison of Nakamoto Inc. (NAKA) and PULSE BIOSCIENCES, INC. (PLSE). Click either name above to swap in a different company.

Nakamoto Inc. is the larger business by last-quarter revenue ($444.9K vs $264.0K, roughly 1.7× PULSE BIOSCIENCES, INC.). Nakamoto Inc. runs the higher net margin — 8374.2% vs -6603.4%, a 14977.6% gap on every dollar of revenue.

Colossal Biosciences Inc. is an American biotechnology and genetic engineering company working to de-extinct several extinct animals, including the woolly mammoth, the Tasmanian tiger, the northern white rhinoceros, the dire wolf, the dodo, and the moa. In 2023, it stated that it wants to have woolly mammoth hybrid calves by 2028, and wants to reintroduce them to the Arctic tundra habitat. Likewise, it launched the Tasmanian Thylacine Advisory Committee, a thylacine research project to releas...

NAKA vs PLSE — Head-to-Head

Bigger by revenue
NAKA
NAKA
1.7× larger
NAKA
$444.9K
$264.0K
PLSE
Higher net margin
NAKA
NAKA
14977.6% more per $
NAKA
8374.2%
-6603.4%
PLSE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NAKA
NAKA
PLSE
PLSE
Revenue
$444.9K
$264.0K
Net Profit
$37.3M
$-17.4M
Gross Margin
Operating Margin
-41198.2%
-6914.0%
Net Margin
8374.2%
-6603.4%
Revenue YoY
-26.3%
Net Profit YoY
3820.2%
10.1%
EPS (diluted)
$0.68

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
NAKA
NAKA
PLSE
PLSE
Q4 25
$444.9K
$264.0K
Q3 25
$388.2K
$86.0K
Q2 25
$408.5K
$0
Q1 25
$579.7K
$0
Q4 24
$603.9K
$0
Q3 24
$647.9K
$0
Q2 24
$639.1K
$0
Q1 24
$829.0K
$0
Net Profit
NAKA
NAKA
PLSE
PLSE
Q4 25
$37.3M
$-17.4M
Q3 25
$-86.0M
$-19.4M
Q2 25
$-2.4M
$-19.2M
Q1 25
$-1.0M
$-16.8M
Q4 24
$-1.0M
$-19.4M
Q3 24
$-1.0M
$-12.7M
Q2 24
$-1.3M
$-11.4M
Q1 24
$-282.3K
$-10.1M
Gross Margin
NAKA
NAKA
PLSE
PLSE
Q4 25
Q3 25
-224.4%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
NAKA
NAKA
PLSE
PLSE
Q4 25
-41198.2%
-6914.0%
Q3 25
-2680.4%
-23682.6%
Q2 25
-585.4%
Q1 25
-179.7%
Q4 24
-169.3%
Q3 24
-162.0%
Q2 24
-162.3%
Q1 24
-28.6%
Net Margin
NAKA
NAKA
PLSE
PLSE
Q4 25
8374.2%
-6603.4%
Q3 25
-22162.2%
-22540.7%
Q2 25
-590.9%
Q1 25
-179.1%
Q4 24
-165.8%
Q3 24
-156.5%
Q2 24
-206.5%
Q1 24
-34.1%
EPS (diluted)
NAKA
NAKA
PLSE
PLSE
Q4 25
$0.68
Q3 25
$-0.42
Q2 25
$-0.35
Q1 25
$-0.17
Q4 24
$-0.18
Q3 24
$-0.17
Q2 24
$-0.26
Q1 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
NAKA
NAKA
PLSE
PLSE
Cash + ST InvestmentsLiquidity on hand
$22.6M
$80.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$514.3M
$80.7M
Total Assets
$730.6M
$94.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAKA
NAKA
PLSE
PLSE
Q4 25
$22.6M
$80.7M
Q3 25
$24.2M
$95.2M
Q2 25
$6.0M
$106.3M
Q1 25
$1.1M
$119.3M
Q4 24
$2.3M
$118.0M
Q3 24
$3.6M
$79.0M
Q2 24
$4.7M
$26.2M
Q1 24
$287.4K
$34.9M
Total Debt
NAKA
NAKA
PLSE
PLSE
Q4 25
Q3 25
Q2 25
Q1 25
$64.4K
Q4 24
$148.8K
Q3 24
$205.6K
Q2 24
$254.7K
Q1 24
$710.0K
Stockholders' Equity
NAKA
NAKA
PLSE
PLSE
Q4 25
$514.3M
$80.7M
Q3 25
$477.6M
$92.7M
Q2 25
$9.0M
$104.5M
Q1 25
$1.5M
$118.5M
Q4 24
$2.6M
$114.9M
Q3 24
$3.5M
$79.1M
Q2 24
$4.4M
$27.0M
Q1 24
$-383.1K
$36.3M
Total Assets
NAKA
NAKA
PLSE
PLSE
Q4 25
$730.6M
$94.5M
Q3 25
$692.4M
$108.8M
Q2 25
$9.9M
$120.3M
Q1 25
$2.6M
$133.4M
Q4 24
$3.7M
$132.5M
Q3 24
$4.3M
$93.0M
Q2 24
$5.5M
$40.4M
Q1 24
$799.3K
$49.2M
Debt / Equity
NAKA
NAKA
PLSE
PLSE
Q4 25
Q3 25
Q2 25
Q1 25
0.04×
Q4 24
0.06×
Q3 24
0.06×
Q2 24
0.06×
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
NAKA
NAKA
PLSE
PLSE
Operating Cash FlowLast quarter
$-23.5M
$-14.8M
Free Cash FlowOCF − Capex
$-14.9M
FCF MarginFCF / Revenue
-5628.8%
Capex IntensityCapex / Revenue
39.8%
Cash ConversionOCF / Net Profit
-0.63×
TTM Free Cash FlowTrailing 4 quarters
$-54.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAKA
NAKA
PLSE
PLSE
Q4 25
$-23.5M
$-14.8M
Q3 25
$-13.2M
$-13.0M
Q2 25
$-1.9M
$-12.8M
Q1 25
$-865.1K
$-13.5M
Q4 24
$-3.1M
$-9.1M
Q3 24
$-1.0M
$-9.0M
Q2 24
$-913.5K
$-8.4M
Q1 24
$-213.4K
$-9.8M
Free Cash Flow
NAKA
NAKA
PLSE
PLSE
Q4 25
$-14.9M
Q3 25
$-13.1M
Q2 25
$-12.9M
Q1 25
$-13.6M
Q4 24
$-3.1M
$-9.2M
Q3 24
$-1.0M
$-9.1M
Q2 24
$-8.4M
Q1 24
$-224.6K
$-9.8M
FCF Margin
NAKA
NAKA
PLSE
PLSE
Q4 25
-5628.8%
Q3 25
-15233.7%
Q2 25
Q1 25
Q4 24
-511.2%
Q3 24
-161.7%
Q2 24
Q1 24
-27.1%
Capex Intensity
NAKA
NAKA
PLSE
PLSE
Q4 25
39.8%
Q3 25
72.1%
Q2 25
Q1 25
Q4 24
2.2%
Q3 24
0.3%
Q2 24
0.0%
Q1 24
1.3%
Cash Conversion
NAKA
NAKA
PLSE
PLSE
Q4 25
-0.63×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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