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Side-by-side financial comparison of Quipt Home Medical Corp. (QIPT) and STEM, INC. (STEM). Click either name above to swap in a different company.

Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $47.1M, roughly 1.0× STEM, INC.). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -33.9%, a 31.7% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -15.6%).

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.

QIPT vs STEM — Head-to-Head

Bigger by revenue
QIPT
QIPT
1.0× larger
QIPT
$49.0M
$47.1M
STEM
Growing faster (revenue YoY)
QIPT
QIPT
+47.8% gap
QIPT
32.3%
-15.6%
STEM
Higher net margin
QIPT
QIPT
31.7% more per $
QIPT
-2.1%
-33.9%
STEM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
QIPT
QIPT
STEM
STEM
Revenue
$49.0M
$47.1M
Net Profit
$-1.1M
$-16.0M
Gross Margin
53.5%
48.9%
Operating Margin
2.1%
-17.7%
Net Margin
-2.1%
-33.9%
Revenue YoY
32.3%
-15.6%
Net Profit YoY
2.9%
68.8%
EPS (diluted)
$-0.02
$-4.40

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
QIPT
QIPT
STEM
STEM
Q4 25
$49.0M
$47.1M
Q3 25
$39.8M
$38.2M
Q2 25
$35.1M
$38.4M
Q1 25
$33.3M
$32.5M
Q4 24
$37.1M
$55.8M
Q3 24
$29.3M
Q2 24
$34.0M
Q1 24
$25.5M
Net Profit
QIPT
QIPT
STEM
STEM
Q4 25
$-1.1M
$-16.0M
Q3 25
$-3.5M
$-23.8M
Q2 25
$-3.0M
$202.5M
Q1 25
$-3.0M
$-25.0M
Q4 24
$-1.1M
$-51.1M
Q3 24
$-148.3M
Q2 24
$-582.3M
Q1 24
$-72.3M
Gross Margin
QIPT
QIPT
STEM
STEM
Q4 25
53.5%
48.9%
Q3 25
48.7%
35.5%
Q2 25
57.6%
33.4%
Q1 25
54.6%
32.4%
Q4 24
52.1%
-4.4%
Q3 24
21.2%
Q2 24
27.6%
Q1 24
-95.0%
Operating Margin
QIPT
QIPT
STEM
STEM
Q4 25
2.1%
-17.7%
Q3 25
-3.6%
-33.6%
Q2 25
-5.2%
-34.8%
Q1 25
-3.0%
-65.0%
Q4 24
1.2%
-84.4%
Q3 24
-493.2%
Q2 24
-1705.5%
Q1 24
-267.0%
Net Margin
QIPT
QIPT
STEM
STEM
Q4 25
-2.1%
-33.9%
Q3 25
-8.9%
-62.2%
Q2 25
-8.6%
527.8%
Q1 25
-9.1%
-76.9%
Q4 24
-2.9%
-91.6%
Q3 24
-506.3%
Q2 24
-1712.6%
Q1 24
-283.9%
EPS (diluted)
QIPT
QIPT
STEM
STEM
Q4 25
$-0.02
$-4.40
Q3 25
$-0.07
$-2.84
Q2 25
$-0.07
$-1.79
Q1 25
$-0.07
$-0.15
Q4 24
$-0.03
$-15.29
Q3 24
$-18.24
Q2 24
$-71.81
Q1 24
$-0.46

Balance Sheet & Financial Strength

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

Metric
QIPT
QIPT
STEM
STEM
Cash + ST InvestmentsLiquidity on hand
$10.5M
$48.9M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$113.0M
$-249.4M
Total Assets
$280.7M
$308.9M
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QIPT
QIPT
STEM
STEM
Q4 25
$10.5M
$48.9M
Q3 25
$12.9M
$43.1M
Q2 25
$11.3M
$40.8M
Q1 25
$17.1M
$58.6M
Q4 24
$15.5M
$56.3M
Q3 24
$75.4M
Q2 24
$89.6M
Q1 24
$112.8M
Total Debt
QIPT
QIPT
STEM
STEM
Q4 25
$84.0M
Q3 25
$87.6M
Q2 25
$66.0M
Q1 25
$71.5M
Q4 24
$70.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
QIPT
QIPT
STEM
STEM
Q4 25
$113.0M
$-249.4M
Q3 25
$112.1M
$-235.7M
Q2 25
$102.5M
$-214.1M
Q1 25
$103.6M
$-417.5M
Q4 24
$106.3M
$-398.4M
Q3 24
$-344.1M
Q2 24
$-203.2M
Q1 24
$371.6M
Total Assets
QIPT
QIPT
STEM
STEM
Q4 25
$280.7M
$308.9M
Q3 25
$283.3M
$362.6M
Q2 25
$236.1M
$379.2M
Q1 25
$244.6M
$405.1M
Q4 24
$242.8M
$437.4M
Q3 24
$537.8M
Q2 24
$691.5M
Q1 24
$1.3B
Debt / Equity
QIPT
QIPT
STEM
STEM
Q4 25
0.74×
Q3 25
0.78×
Q2 25
0.64×
Q1 25
0.69×
Q4 24
0.66×
Q3 24
Q2 24
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
QIPT
QIPT
STEM
STEM
Operating Cash FlowLast quarter
$8.9M
$8.2M
Free Cash FlowOCF − Capex
$6.9M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QIPT
QIPT
STEM
STEM
Q4 25
$8.9M
$8.2M
Q3 25
$9.8M
$11.4M
Q2 25
$9.7M
$-21.3M
Q1 25
$8.9M
$8.5M
Q4 24
$9.3M
$-14.7M
Q3 24
$-9.4M
Q2 24
$-11.9M
Q1 24
$-621.0K
Free Cash Flow
QIPT
QIPT
STEM
STEM
Q4 25
$6.9M
Q3 25
$8.0M
Q2 25
$4.4M
Q1 25
$7.3M
Q4 24
$5.6M
Q3 24
Q2 24
Q1 24
FCF Margin
QIPT
QIPT
STEM
STEM
Q4 25
14.0%
Q3 25
20.0%
Q2 25
12.6%
Q1 25
22.0%
Q4 24
15.2%
Q3 24
Q2 24
Q1 24
Capex Intensity
QIPT
QIPT
STEM
STEM
Q4 25
4.2%
Q3 25
4.6%
Q2 25
14.9%
Q1 25
4.8%
Q4 24
9.9%
Q3 24
Q2 24
Q1 24
Cash Conversion
QIPT
QIPT
STEM
STEM
Q4 25
Q3 25
Q2 25
-0.11×
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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