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Side-by-side financial comparison of ScanTech AI Systems Inc. (STAI) and TherapeuticsMD, Inc. (TXMD). Click either name above to swap in a different company.

TherapeuticsMD, Inc. is the larger business by last-quarter revenue ($893.0K vs $631.0K, roughly 1.4× ScanTech AI Systems Inc.).

Nektar Therapeutics is an American biopharmaceutical company. The company was founded in 1990 and is based in San Francisco, California. The company develops new drug candidates by applying its proprietary PEGylation and advanced polymer conjugate technologies to modify chemical structure of substances, which improves drug characteristics like retention and solubility. It is a technology supplier to a number of pharmaceutical companies including Affymax, Amgen, Merck, Pfizer and UCB Pharma, e...

STAI vs TXMD — Head-to-Head

Bigger by revenue
TXMD
TXMD
1.4× larger
TXMD
$893.0K
$631.0K
STAI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
STAI
STAI
TXMD
TXMD
Revenue
$631.0K
$893.0K
Net Profit
$-9.7M
Gross Margin
27.6%
Operating Margin
-773.2%
Net Margin
-1532.9%
Revenue YoY
33.9%
Net Profit YoY
-345.6%
EPS (diluted)
$-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
STAI
STAI
TXMD
TXMD
Q4 25
$893.0K
Q3 25
$631.0K
$784.0K
Q2 25
$884.0K
$952.0K
Q1 25
$346.1K
$393.0K
Q4 24
$667.0K
Q3 24
$547.0K
Q2 24
$234.0K
Q1 24
$313.0K
Net Profit
STAI
STAI
TXMD
TXMD
Q4 25
Q3 25
$-9.7M
$152.0K
Q2 25
$-6.9M
$551.0K
Q1 25
$-17.9M
$-653.0K
Q4 24
Q3 24
$-609.0K
Q2 24
$-1.1M
Q1 24
$-734.0K
Gross Margin
STAI
STAI
TXMD
TXMD
Q4 25
Q3 25
27.6%
Q2 25
14.3%
Q1 25
29.4%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
STAI
STAI
TXMD
TXMD
Q4 25
Q3 25
-773.2%
-109.9%
Q2 25
-440.1%
-73.0%
Q1 25
-4503.9%
-221.6%
Q4 24
Q3 24
-207.3%
Q2 24
-1191.9%
Q1 24
-364.9%
Net Margin
STAI
STAI
TXMD
TXMD
Q4 25
Q3 25
-1532.9%
19.4%
Q2 25
-785.1%
57.9%
Q1 25
-5174.2%
-166.2%
Q4 24
Q3 24
-111.3%
Q2 24
-465.8%
Q1 24
-234.5%
EPS (diluted)
STAI
STAI
TXMD
TXMD
Q4 25
Q3 25
$-0.16
$0.01
Q2 25
$-0.16
$0.05
Q1 25
$-0.77
$-0.06
Q4 24
Q3 24
$-0.05
Q2 24
$-0.09
Q1 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
STAI
STAI
TXMD
TXMD
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$17.7M
Stockholders' EquityBook value
$26.9M
Total Assets
$5.1M
$37.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STAI
STAI
TXMD
TXMD
Q4 25
Q3 25
Q2 25
Q1 25
$5.7M
Q4 24
$5.1M
Q3 24
Q2 24
Q1 24
Total Debt
STAI
STAI
TXMD
TXMD
Q4 25
Q3 25
$17.7M
Q2 25
$17.7M
Q1 25
$17.7M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
STAI
STAI
TXMD
TXMD
Q4 25
$26.9M
Q3 25
$27.4M
Q2 25
$27.3M
Q1 25
$26.7M
Q4 24
$27.4M
Q3 24
$27.1M
Q2 24
$27.7M
Q1 24
$28.7M
Total Assets
STAI
STAI
TXMD
TXMD
Q4 25
$37.7M
Q3 25
$5.1M
$38.7M
Q2 25
$4.6M
$38.5M
Q1 25
$5.1M
$38.2M
Q4 24
$38.8M
Q3 24
Q2 24
$40.1M
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
STAI
STAI
TXMD
TXMD
Operating Cash FlowLast quarter
$-758.5K
$2.5M
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
STAI
STAI
TXMD
TXMD
Q4 25
$2.5M
Q3 25
$-758.5K
$999.0K
Q2 25
$-1.5M
$381.0K
Q1 25
$-2.2M
$699.0K
Q4 24
$1.2M
Q3 24
$-71.0K
Q2 24
$1.5M
Q1 24
$-229.0K
Free Cash Flow
STAI
STAI
TXMD
TXMD
Q4 25
Q3 25
Q2 25
$-1.5M
Q1 25
$-2.2M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
STAI
STAI
TXMD
TXMD
Q4 25
Q3 25
Q2 25
-166.0%
Q1 25
-623.8%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
STAI
STAI
TXMD
TXMD
Q4 25
Q3 25
0.0%
Q2 25
1.0%
Q1 25
2.0%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
STAI
STAI
TXMD
TXMD
Q4 25
Q3 25
6.57×
Q2 25
0.69×
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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