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Side-by-side financial comparison of Hyperliquid Strategies Inc (PURR) 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 $500.0K, roughly 1.3× Hyperliquid Strategies Inc). ScanTech AI Systems Inc. runs the higher net margin — -1532.9% vs -60892.6%, a 59359.7% gap on every dollar of revenue.

PURR vs STAI — Head-to-Head

Bigger by revenue
STAI
STAI
1.3× larger
STAI
$631.0K
$500.0K
PURR
Higher net margin
STAI
STAI
59359.7% more per $
STAI
-1532.9%
-60892.6%
PURR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
PURR
PURR
STAI
STAI
Revenue
$500.0K
$631.0K
Net Profit
$-304.5M
$-9.7M
Gross Margin
27.6%
Operating Margin
-57509.2%
-773.2%
Net Margin
-60892.6%
-1532.9%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-7.43
$-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
PURR
PURR
STAI
STAI
Q4 25
$500.0K
Q3 25
$631.0K
Q2 25
$884.0K
Q1 25
$346.1K
Net Profit
PURR
PURR
STAI
STAI
Q4 25
$-304.5M
Q3 25
$-9.7M
Q2 25
$-6.9M
Q1 25
$-17.9M
Gross Margin
PURR
PURR
STAI
STAI
Q4 25
Q3 25
27.6%
Q2 25
14.3%
Q1 25
29.4%
Operating Margin
PURR
PURR
STAI
STAI
Q4 25
-57509.2%
Q3 25
-773.2%
Q2 25
-440.1%
Q1 25
-4503.9%
Net Margin
PURR
PURR
STAI
STAI
Q4 25
-60892.6%
Q3 25
-1532.9%
Q2 25
-785.1%
Q1 25
-5174.2%
EPS (diluted)
PURR
PURR
STAI
STAI
Q4 25
$-7.43
Q3 25
$-0.16
Q2 25
$-0.16
Q1 25
$-0.77

Balance Sheet & Financial Strength

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

Metric
PURR
PURR
STAI
STAI
Cash + ST InvestmentsLiquidity on hand
$281.9M
Total DebtLower is stronger
$17.7M
Stockholders' EquityBook value
$589.8M
Total Assets
$616.6M
$5.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PURR
PURR
STAI
STAI
Q4 25
$281.9M
Q3 25
Q2 25
Q1 25
Total Debt
PURR
PURR
STAI
STAI
Q4 25
Q3 25
$17.7M
Q2 25
$17.7M
Q1 25
$17.7M
Stockholders' Equity
PURR
PURR
STAI
STAI
Q4 25
$589.8M
Q3 25
Q2 25
Q1 25
Total Assets
PURR
PURR
STAI
STAI
Q4 25
$616.6M
Q3 25
$5.1M
Q2 25
$4.6M
Q1 25
$5.1M

Cash Flow & Capital Efficiency

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

Metric
PURR
PURR
STAI
STAI
Operating Cash FlowLast quarter
$-758.5K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PURR
PURR
STAI
STAI
Q4 25
Q3 25
$-758.5K
Q2 25
$-1.5M
Q1 25
$-2.2M
Free Cash Flow
PURR
PURR
STAI
STAI
Q4 25
Q3 25
Q2 25
$-1.5M
Q1 25
$-2.2M
FCF Margin
PURR
PURR
STAI
STAI
Q4 25
Q3 25
Q2 25
-166.0%
Q1 25
-623.8%
Capex Intensity
PURR
PURR
STAI
STAI
Q4 25
Q3 25
0.0%
Q2 25
1.0%
Q1 25
2.0%

Financial Flow Comparison

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

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