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Side-by-side financial comparison of Nakamoto Inc. (NAKA) and ScanTech AI Systems Inc. (STAI). Click either name above to swap in a different company.

ScanTech AI Systems Inc. is the larger business by last-quarter revenue ($631.0K vs $444.9K, roughly 1.4× Nakamoto Inc.). Nakamoto Inc. runs the higher net margin — 8374.2% vs -1532.9%, a 9907.1% gap on every dollar of revenue.

NAKA vs STAI — Head-to-Head

Bigger by revenue
STAI
STAI
1.4× larger
STAI
$631.0K
$444.9K
NAKA
Higher net margin
NAKA
NAKA
9907.1% more per $
NAKA
8374.2%
-1532.9%
STAI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NAKA
NAKA
STAI
STAI
Revenue
$444.9K
$631.0K
Net Profit
$37.3M
$-9.7M
Gross Margin
27.6%
Operating Margin
-41198.2%
-773.2%
Net Margin
8374.2%
-1532.9%
Revenue YoY
-26.3%
Net Profit YoY
3820.2%
EPS (diluted)
$0.68
$-0.16

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
STAI
STAI
Q4 25
$444.9K
Q3 25
$388.2K
$631.0K
Q2 25
$408.5K
$884.0K
Q1 25
$579.7K
$346.1K
Q4 24
$603.9K
Q3 24
$647.9K
Q2 24
$639.1K
Q1 24
$829.0K
Net Profit
NAKA
NAKA
STAI
STAI
Q4 25
$37.3M
Q3 25
$-86.0M
$-9.7M
Q2 25
$-2.4M
$-6.9M
Q1 25
$-1.0M
$-17.9M
Q4 24
$-1.0M
Q3 24
$-1.0M
Q2 24
$-1.3M
Q1 24
$-282.3K
Gross Margin
NAKA
NAKA
STAI
STAI
Q4 25
Q3 25
27.6%
Q2 25
14.3%
Q1 25
29.4%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
NAKA
NAKA
STAI
STAI
Q4 25
-41198.2%
Q3 25
-2680.4%
-773.2%
Q2 25
-585.4%
-440.1%
Q1 25
-179.7%
-4503.9%
Q4 24
-169.3%
Q3 24
-162.0%
Q2 24
-162.3%
Q1 24
-28.6%
Net Margin
NAKA
NAKA
STAI
STAI
Q4 25
8374.2%
Q3 25
-22162.2%
-1532.9%
Q2 25
-590.9%
-785.1%
Q1 25
-179.1%
-5174.2%
Q4 24
-165.8%
Q3 24
-156.5%
Q2 24
-206.5%
Q1 24
-34.1%
EPS (diluted)
NAKA
NAKA
STAI
STAI
Q4 25
$0.68
Q3 25
$-0.42
$-0.16
Q2 25
$-0.35
$-0.16
Q1 25
$-0.17
$-0.77
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
STAI
STAI
Cash + ST InvestmentsLiquidity on hand
$22.6M
Total DebtLower is stronger
$17.7M
Stockholders' EquityBook value
$514.3M
Total Assets
$730.6M
$5.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAKA
NAKA
STAI
STAI
Q4 25
$22.6M
Q3 25
$24.2M
Q2 25
$6.0M
Q1 25
$1.1M
Q4 24
$2.3M
Q3 24
$3.6M
Q2 24
$4.7M
Q1 24
$287.4K
Total Debt
NAKA
NAKA
STAI
STAI
Q4 25
Q3 25
$17.7M
Q2 25
$17.7M
Q1 25
$64.4K
$17.7M
Q4 24
$148.8K
Q3 24
$205.6K
Q2 24
$254.7K
Q1 24
$710.0K
Stockholders' Equity
NAKA
NAKA
STAI
STAI
Q4 25
$514.3M
Q3 25
$477.6M
Q2 25
$9.0M
Q1 25
$1.5M
Q4 24
$2.6M
Q3 24
$3.5M
Q2 24
$4.4M
Q1 24
$-383.1K
Total Assets
NAKA
NAKA
STAI
STAI
Q4 25
$730.6M
Q3 25
$692.4M
$5.1M
Q2 25
$9.9M
$4.6M
Q1 25
$2.6M
$5.1M
Q4 24
$3.7M
Q3 24
$4.3M
Q2 24
$5.5M
Q1 24
$799.3K
Debt / Equity
NAKA
NAKA
STAI
STAI
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
STAI
STAI
Operating Cash FlowLast quarter
$-23.5M
$-758.5K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.63×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAKA
NAKA
STAI
STAI
Q4 25
$-23.5M
Q3 25
$-13.2M
$-758.5K
Q2 25
$-1.9M
$-1.5M
Q1 25
$-865.1K
$-2.2M
Q4 24
$-3.1M
Q3 24
$-1.0M
Q2 24
$-913.5K
Q1 24
$-213.4K
Free Cash Flow
NAKA
NAKA
STAI
STAI
Q4 25
Q3 25
Q2 25
$-1.5M
Q1 25
$-2.2M
Q4 24
$-3.1M
Q3 24
$-1.0M
Q2 24
Q1 24
$-224.6K
FCF Margin
NAKA
NAKA
STAI
STAI
Q4 25
Q3 25
Q2 25
-166.0%
Q1 25
-623.8%
Q4 24
-511.2%
Q3 24
-161.7%
Q2 24
Q1 24
-27.1%
Capex Intensity
NAKA
NAKA
STAI
STAI
Q4 25
Q3 25
0.0%
Q2 25
1.0%
Q1 25
2.0%
Q4 24
2.2%
Q3 24
0.3%
Q2 24
0.0%
Q1 24
1.3%
Cash Conversion
NAKA
NAKA
STAI
STAI
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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