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Side-by-side financial comparison of PicoCELA Inc. (PCLA) and Regional Management Corp. (RM). Click either name above to swap in a different company.

PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $167.3M, roughly 1.5× Regional Management Corp.). Regional Management Corp. runs the higher net margin — 6.8% vs -125.2%, a 132.0% 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.

Millennium Management LLC is an investment management firm with a multistrategy hedge fund offering. It is one of the world's largest alternative asset management firms with $83.4 billion assets under management as of January 2026. The firm operates in America, Europe and Asia. As of 2022, Millennium had posted the fourth highest net gains of any hedge fund since its inception in 1989.

PCLA vs RM — Head-to-Head

Bigger by revenue
PCLA
PCLA
1.5× larger
PCLA
$252.6M
$167.3M
RM
Higher net margin
RM
RM
132.0% more per $
RM
6.8%
-125.2%
PCLA

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
PCLA
PCLA
RM
RM
Revenue
$252.6M
$167.3M
Net Profit
$-316.2M
$11.4M
Gross Margin
Operating Margin
-114.8%
Net Margin
-125.2%
6.8%
Revenue YoY
9.4%
Net Profit YoY
62.7%
EPS (diluted)
$1.18

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.

Revenue
PCLA
PCLA
RM
RM
Q1 26
$167.3M
Q4 25
$169.7M
Q3 25
$165.5M
Q2 25
$157.4M
Q1 25
$252.6M
$153.0M
Q4 24
$154.8M
Q3 24
$146.3M
Q2 24
$143.0M
Net Profit
PCLA
PCLA
RM
RM
Q1 26
$11.4M
Q4 25
$12.9M
Q3 25
$14.4M
Q2 25
$10.1M
Q1 25
$-316.2M
$7.0M
Q4 24
$9.9M
Q3 24
$7.7M
Q2 24
$8.4M
Operating Margin
PCLA
PCLA
RM
RM
Q1 26
Q4 25
9.5%
Q3 25
11.5%
Q2 25
8.6%
Q1 25
-114.8%
6.0%
Q4 24
8.2%
Q3 24
6.9%
Q2 24
7.8%
Net Margin
PCLA
PCLA
RM
RM
Q1 26
6.8%
Q4 25
7.6%
Q3 25
8.7%
Q2 25
6.4%
Q1 25
-125.2%
4.6%
Q4 24
6.4%
Q3 24
5.2%
Q2 24
5.9%
EPS (diluted)
PCLA
PCLA
RM
RM
Q1 26
$1.18
Q4 25
$1.30
Q3 25
$1.42
Q2 25
$1.03
Q1 25
$0.70
Q4 24
$0.96
Q3 24
$0.76
Q2 24
$0.86

Balance Sheet & Financial Strength

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

Metric
PCLA
PCLA
RM
RM
Cash + ST InvestmentsLiquidity on hand
$456.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.8M
$375.8M
Total Assets
$1.2B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCLA
PCLA
RM
RM
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
$456.8M
Q4 24
Q3 24
Q2 24
Total Debt
PCLA
PCLA
RM
RM
Q1 26
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.4B
Q2 24
$1.4B
Stockholders' Equity
PCLA
PCLA
RM
RM
Q1 26
$375.8M
Q4 25
$373.1M
Q3 25
$371.9M
Q2 25
$363.0M
Q1 25
$354.8M
$357.9M
Q4 24
$357.1M
Q3 24
$352.9M
Q2 24
$344.9M
Total Assets
PCLA
PCLA
RM
RM
Q1 26
$2.1B
Q4 25
$2.1B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$1.2B
$1.9B
Q4 24
$1.9B
Q3 24
$1.8B
Q2 24
$1.8B
Debt / Equity
PCLA
PCLA
RM
RM
Q1 26
Q4 25
4.40×
Q3 25
4.23×
Q2 25
4.14×
Q1 25
4.11×
Q4 24
4.12×
Q3 24
3.94×
Q2 24
3.98×

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCLA
PCLA
RM
RM
Q1 26
Q4 25
$309.1M
Q3 25
$86.7M
Q2 25
$78.7M
Q1 25
$-245.6M
$63.7M
Q4 24
$268.9M
Q3 24
$75.1M
Q2 24
$71.5M
Free Cash Flow
PCLA
PCLA
RM
RM
Q1 26
Q4 25
$304.3M
Q3 25
$85.7M
Q2 25
$77.6M
Q1 25
$-256.6M
$62.4M
Q4 24
$263.9M
Q3 24
$73.8M
Q2 24
$70.3M
FCF Margin
PCLA
PCLA
RM
RM
Q1 26
Q4 25
179.3%
Q3 25
51.8%
Q2 25
49.3%
Q1 25
-101.6%
40.8%
Q4 24
170.4%
Q3 24
50.4%
Q2 24
49.1%
Capex Intensity
PCLA
PCLA
RM
RM
Q1 26
Q4 25
2.8%
Q3 25
0.6%
Q2 25
0.6%
Q1 25
4.3%
0.8%
Q4 24
3.3%
Q3 24
0.9%
Q2 24
0.8%
Cash Conversion
PCLA
PCLA
RM
RM
Q1 26
Q4 25
23.94×
Q3 25
6.04×
Q2 25
7.76×
Q1 25
9.09×
Q4 24
27.13×
Q3 24
9.80×
Q2 24
8.47×

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%

RM
RM

Segment breakdown not available.

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