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Side-by-side financial comparison of PicoCELA Inc. (PCLA) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.

PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $212.2M, roughly 1.2× LiveRamp Holdings, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -125.2%, a 144.0% gap on every dollar of revenue.

PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

PCLA vs RAMP — Head-to-Head

Bigger by revenue
PCLA
PCLA
1.2× larger
PCLA
$252.6M
$212.2M
RAMP
Higher net margin
RAMP
RAMP
144.0% more per $
RAMP
18.8%
-125.2%
PCLA

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
PCLA
PCLA
RAMP
RAMP
Revenue
$252.6M
$212.2M
Net Profit
$-316.2M
$39.9M
Gross Margin
71.9%
Operating Margin
-114.8%
18.6%
Net Margin
-125.2%
18.8%
Revenue YoY
8.6%
Net Profit YoY
255.7%
EPS (diluted)
$0.62

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
PCLA
PCLA
RAMP
RAMP
Q4 25
$212.2M
Q3 25
$199.8M
Q2 25
$194.8M
Q1 25
$252.6M
$188.7M
Q4 24
$195.4M
Q3 24
$185.5M
Q2 24
$176.0M
Q1 24
$171.9M
Net Profit
PCLA
PCLA
RAMP
RAMP
Q4 25
$39.9M
Q3 25
$27.4M
Q2 25
$7.7M
Q1 25
$-316.2M
$-6.3M
Q4 24
$11.2M
Q3 24
$1.7M
Q2 24
$-7.5M
Q1 24
$-5.4M
Gross Margin
PCLA
PCLA
RAMP
RAMP
Q4 25
71.9%
Q3 25
70.2%
Q2 25
70.1%
Q1 25
69.3%
Q4 24
71.9%
Q3 24
72.4%
Q2 24
70.6%
Q1 24
72.2%
Operating Margin
PCLA
PCLA
RAMP
RAMP
Q4 25
18.6%
Q3 25
10.7%
Q2 25
3.7%
Q1 25
-114.8%
-6.1%
Q4 24
7.5%
Q3 24
4.0%
Q2 24
-3.0%
Q1 24
-8.3%
Net Margin
PCLA
PCLA
RAMP
RAMP
Q4 25
18.8%
Q3 25
13.7%
Q2 25
4.0%
Q1 25
-125.2%
-3.3%
Q4 24
5.7%
Q3 24
0.9%
Q2 24
-4.3%
Q1 24
-3.1%
EPS (diluted)
PCLA
PCLA
RAMP
RAMP
Q4 25
$0.62
Q3 25
$0.42
Q2 25
$0.12
Q1 25
$-0.10
Q4 24
$0.17
Q3 24
$0.03
Q2 24
$-0.11
Q1 24
$-0.09

Balance Sheet & Financial Strength

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

Metric
PCLA
PCLA
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$456.8M
$403.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.8M
$962.3M
Total Assets
$1.2B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCLA
PCLA
RAMP
RAMP
Q4 25
$403.4M
Q3 25
$376.9M
Q2 25
$371.1M
Q1 25
$456.8M
$420.8M
Q4 24
$384.3M
Q3 24
$348.4M
Q2 24
$342.7M
Q1 24
$368.9M
Stockholders' Equity
PCLA
PCLA
RAMP
RAMP
Q4 25
$962.3M
Q3 25
$943.8M
Q2 25
$947.8M
Q1 25
$354.8M
$948.9M
Q4 24
$957.7M
Q3 24
$932.1M
Q2 24
$951.9M
Q1 24
$949.1M
Total Assets
PCLA
PCLA
RAMP
RAMP
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
$1.3B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PCLA
PCLA
RAMP
RAMP
Operating Cash FlowLast quarter
$-245.6M
Free Cash FlowOCF − Capex
$-256.6M
FCF MarginFCF / Revenue
-101.6%
Capex IntensityCapex / Revenue
4.3%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCLA
PCLA
RAMP
RAMP
Q4 25
Q3 25
$57.4M
Q2 25
$-15.8M
Q1 25
$-245.6M
Q4 24
$45.1M
Q3 24
$55.6M
Q2 24
$-9.3M
Q1 24
Free Cash Flow
PCLA
PCLA
RAMP
RAMP
Q4 25
Q3 25
$56.8M
Q2 25
$-16.2M
Q1 25
$-256.6M
Q4 24
$44.8M
Q3 24
$55.4M
Q2 24
$-9.6M
Q1 24
FCF Margin
PCLA
PCLA
RAMP
RAMP
Q4 25
Q3 25
28.4%
Q2 25
-8.3%
Q1 25
-101.6%
Q4 24
22.9%
Q3 24
29.8%
Q2 24
-5.4%
Q1 24
Capex Intensity
PCLA
PCLA
RAMP
RAMP
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.2%
Q1 25
4.3%
0.2%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
1.0%
Cash Conversion
PCLA
PCLA
RAMP
RAMP
Q4 25
Q3 25
2.09×
Q2 25
-2.04×
Q1 25
Q4 24
4.02×
Q3 24
32.10×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

PCLA
PCLA

Revenue from product$179.1M71%
Revenue from SaaS, Maintenance and others$42.4M17%
Revenue from product – related party$31.0M12%

RAMP
RAMP

Segment breakdown not available.

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