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

PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $140.7M, roughly 1.8× TechTarget, Inc.). TechTarget, Inc. runs the higher net margin — -6.7% vs -125.2%, a 118.5% gap on every dollar of revenue. TechTarget, Inc. produced more free cash flow last quarter ($11.6M vs $-256.6M).

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.

TechTarget, Inc. is an American company that offers data-driven marketing services to business-to-business technology vendors.

PCLA vs TTGT — Head-to-Head

Bigger by revenue
PCLA
PCLA
1.8× larger
PCLA
$252.6M
$140.7M
TTGT
Higher net margin
TTGT
TTGT
118.5% more per $
TTGT
-6.7%
-125.2%
PCLA
More free cash flow
TTGT
TTGT
$268.2M more FCF
TTGT
$11.6M
$-256.6M
PCLA

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
PCLA
PCLA
TTGT
TTGT
Revenue
$252.6M
$140.7M
Net Profit
$-316.2M
$-9.5M
Gross Margin
63.8%
Operating Margin
-114.8%
-10.5%
Net Margin
-125.2%
-6.7%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.09

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
TTGT
TTGT
Q4 25
$140.7M
Q3 25
$122.3M
Q2 25
$119.9M
Q1 25
$252.6M
$103.9M
Q3 24
$62.9M
Net Profit
PCLA
PCLA
TTGT
TTGT
Q4 25
$-9.5M
Q3 25
$-76.8M
Q2 25
$-398.7M
Q1 25
$-316.2M
$-523.4M
Q3 24
$-17.4M
Gross Margin
PCLA
PCLA
TTGT
TTGT
Q4 25
63.8%
Q3 25
61.3%
Q2 25
57.3%
Q1 25
57.5%
Q3 24
62.1%
Operating Margin
PCLA
PCLA
TTGT
TTGT
Q4 25
-10.5%
Q3 25
-88.2%
Q2 25
-342.1%
Q1 25
-114.8%
-474.5%
Q3 24
-22.9%
Net Margin
PCLA
PCLA
TTGT
TTGT
Q4 25
-6.7%
Q3 25
-62.8%
Q2 25
-332.4%
Q1 25
-125.2%
-503.8%
Q3 24
-27.7%
EPS (diluted)
PCLA
PCLA
TTGT
TTGT
Q4 25
$-0.09
Q3 25
$-1.07
Q2 25
$-5.58
Q1 25
$-7.32
Q3 24
$-0.42

Balance Sheet & Financial Strength

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

Metric
PCLA
PCLA
TTGT
TTGT
Cash + ST InvestmentsLiquidity on hand
$456.8M
$40.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.8M
$594.6M
Total Assets
$1.2B
$937.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCLA
PCLA
TTGT
TTGT
Q4 25
$40.6M
Q3 25
$46.3M
Q2 25
$61.7M
Q1 25
$456.8M
$78.7M
Q3 24
Stockholders' Equity
PCLA
PCLA
TTGT
TTGT
Q4 25
$594.6M
Q3 25
$597.9M
Q2 25
$668.7M
Q1 25
$354.8M
$1.1B
Q3 24
$134.2M
Total Assets
PCLA
PCLA
TTGT
TTGT
Q4 25
$937.3M
Q3 25
$987.4M
Q2 25
$1.1B
Q1 25
$1.2B
$1.5B
Q3 24
$0

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
TTGT
TTGT
Operating Cash FlowLast quarter
$-245.6M
$11.8M
Free Cash FlowOCF − Capex
$-256.6M
$11.6M
FCF MarginFCF / Revenue
-101.6%
8.2%
Capex IntensityCapex / Revenue
4.3%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$15.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCLA
PCLA
TTGT
TTGT
Q4 25
$11.8M
Q3 25
$-9.1M
Q2 25
$1.5M
Q1 25
$-245.6M
$12.2M
Q3 24
Free Cash Flow
PCLA
PCLA
TTGT
TTGT
Q4 25
$11.6M
Q3 25
$-9.3M
Q2 25
$1.4M
Q1 25
$-256.6M
$12.2M
Q3 24
FCF Margin
PCLA
PCLA
TTGT
TTGT
Q4 25
8.2%
Q3 25
-7.6%
Q2 25
1.2%
Q1 25
-101.6%
11.7%
Q3 24
Capex Intensity
PCLA
PCLA
TTGT
TTGT
Q4 25
0.1%
Q3 25
0.1%
Q2 25
0.0%
Q1 25
4.3%
0.0%
Q3 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%

TTGT
TTGT

Segment breakdown not available.

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