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Side-by-side financial comparison of Taoping Inc. (TAOP) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

X4 Pharmaceuticals, Inc is the larger business by last-quarter revenue ($28.8M vs $17.6M, roughly 1.6× Taoping Inc.). X4 Pharmaceuticals, Inc runs the higher net margin — 1.0% vs -26.6%, a 27.6% gap on every dollar of revenue.

Taoping Inc. is a China-based technology firm providing smart cloud services, digital media solutions, and targeted internet advertising services. Its core segments cover smart city support, enterprise digital transformation tools, and offline new retail digital operations, serving mainly enterprise and public sector clients in the domestic market.

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

TAOP vs XFOR — Head-to-Head

Bigger by revenue
XFOR
XFOR
1.6× larger
XFOR
$28.8M
$17.6M
TAOP
Higher net margin
XFOR
XFOR
27.6% more per $
XFOR
1.0%
-26.6%
TAOP

Income Statement — Q2 FY2025 vs Q1 FY2025

Metric
TAOP
TAOP
XFOR
XFOR
Revenue
$17.6M
$28.8M
Net Profit
$-4.7M
$282.0K
Gross Margin
10.1%
83.6%
Operating Margin
-23.8%
-32.8%
Net Margin
-26.6%
1.0%
Revenue YoY
-2.6%
Net Profit YoY
-894.8%
100.5%
EPS (diluted)
$-6.54
$0.04

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
TAOP
TAOP
XFOR
XFOR
Q2 25
$17.6M
Q1 25
$28.8M
Q4 24
$18.6M
Q2 24
$18.1M
Q1 24
$0
Q3 23
$0
Q2 23
$0
Net Profit
TAOP
TAOP
XFOR
XFOR
Q2 25
$-4.7M
Q1 25
$282.0K
Q4 24
$-2.4M
Q2 24
$588.7K
Q1 24
$-51.8M
Q3 23
$-2.3M
Q2 23
$-55.7M
Gross Margin
TAOP
TAOP
XFOR
XFOR
Q2 25
10.1%
Q1 25
83.6%
Q4 24
19.5%
Q2 24
22.9%
Q1 24
Q3 23
Q2 23
Operating Margin
TAOP
TAOP
XFOR
XFOR
Q2 25
-23.8%
Q1 25
-32.8%
Q4 24
-8.0%
Q2 24
-0.7%
Q1 24
Q3 23
Q2 23
Net Margin
TAOP
TAOP
XFOR
XFOR
Q2 25
-26.6%
Q1 25
1.0%
Q4 24
-13.0%
Q2 24
3.3%
Q1 24
Q3 23
Q2 23
EPS (diluted)
TAOP
TAOP
XFOR
XFOR
Q2 25
$-6.54
Q1 25
$0.04
Q4 24
$-3.58
Q2 24
$3.29
Q1 24
$-7.77
Q3 23
$-0.01
Q2 23
$-0.33

Balance Sheet & Financial Strength

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

Metric
TAOP
TAOP
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$2.2M
$40.3M
Total DebtLower is stronger
$5.8M
$75.0M
Stockholders' EquityBook value
$14.5M
$22.9M
Total Assets
$30.3M
$130.0M
Debt / EquityLower = less leverage
0.40×
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TAOP
TAOP
XFOR
XFOR
Q2 25
$2.2M
Q1 25
$40.3M
Q4 24
$1.6M
Q2 24
$480.3K
Q1 24
$60.5M
Q3 23
$131.6M
Q2 23
$136.4M
Total Debt
TAOP
TAOP
XFOR
XFOR
Q2 25
$5.8M
Q1 25
$75.0M
Q4 24
$5.8M
Q2 24
Q1 24
$55.0M
Q3 23
$55.0M
Q2 23
$32.5M
Stockholders' Equity
TAOP
TAOP
XFOR
XFOR
Q2 25
$14.5M
Q1 25
$22.9M
Q4 24
$15.9M
Q2 24
$15.8M
Q1 24
$1.0M
Q3 23
$67.6M
Q2 23
$67.5M
Total Assets
TAOP
TAOP
XFOR
XFOR
Q2 25
$30.3M
Q1 25
$130.0M
Q4 24
$35.1M
Q2 24
$34.1M
Q1 24
$112.2M
Q3 23
$173.3M
Q2 23
$173.4M
Debt / Equity
TAOP
TAOP
XFOR
XFOR
Q2 25
0.40×
Q1 25
3.27×
Q4 24
0.37×
Q2 24
Q1 24
53.09×
Q3 23
0.81×
Q2 23
0.48×

Cash Flow & Capital Efficiency

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

Metric
TAOP
TAOP
XFOR
XFOR
Operating Cash FlowLast quarter
$-1.5M
$-12.4M
Free Cash FlowOCF − Capex
$-2.8M
FCF MarginFCF / Revenue
-16.0%
Capex IntensityCapex / Revenue
7.6%
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TAOP
TAOP
XFOR
XFOR
Q2 25
$-1.5M
Q1 25
$-12.4M
Q4 24
$147.4K
Q2 24
$-2.5M
Q1 24
$-33.6M
Q3 23
$-68.8M
Q2 23
$-47.9M
Free Cash Flow
TAOP
TAOP
XFOR
XFOR
Q2 25
$-2.8M
Q1 25
Q4 24
$-129.3K
Q2 24
$-3.3M
Q1 24
$-33.7M
Q3 23
$-68.8M
Q2 23
$-47.9M
FCF Margin
TAOP
TAOP
XFOR
XFOR
Q2 25
-16.0%
Q1 25
Q4 24
-0.7%
Q2 24
-18.3%
Q1 24
Q3 23
Q2 23
Capex Intensity
TAOP
TAOP
XFOR
XFOR
Q2 25
7.6%
Q1 25
0.0%
Q4 24
1.5%
Q2 24
4.3%
Q1 24
Q3 23
Q2 23
Cash Conversion
TAOP
TAOP
XFOR
XFOR
Q2 25
Q1 25
-43.86×
Q4 24
Q2 24
-4.30×
Q1 24
Q3 23
Q2 23

Financial Flow Comparison

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

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