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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and Borealis Foods Inc. (BRLS). Click either name above to swap in a different company.
Ares Commercial Real Estate Corp is the larger business by last-quarter revenue ($13.2M vs $7.1M, roughly 1.9× Borealis Foods Inc.). Ares Commercial Real Estate Corp runs the higher net margin — -29.2% vs -53.2%, a 24.0% gap on every dollar of revenue. On growth, Borealis Foods Inc. posted the faster year-over-year revenue change (-12.0% vs -24.5%). Over the past eight quarters, Borealis Foods Inc.'s revenue compounded faster (-2.4% CAGR vs -15.9%).
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
Borealis Foods Inc is a food technology enterprise specializing in developing and producing high-quality plant-based protein products including plant-based meat alternatives. It mainly serves retail and food service customers across North America and Europe, focusing on delivering affordable, nutritious sustainable food options matching the taste of conventional animal-derived meat.
ACRE vs BRLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $7.1M |
| Net Profit | $-3.9M | $-3.8M |
| Gross Margin | — | 14.6% |
| Operating Margin | -29.2% | -27.1% |
| Net Margin | -29.2% | -53.2% |
| Revenue YoY | -24.5% | -12.0% |
| Net Profit YoY | 63.8% | 21.8% |
| EPS (diluted) | — | $-0.18 |
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.
| Q4 25 | $13.2M | — | ||
| Q3 25 | $14.1M | $7.1M | ||
| Q2 25 | $12.6M | $7.2M | ||
| Q1 25 | $14.9M | $6.8M | ||
| Q4 24 | $17.5M | $6.8M | ||
| Q3 24 | $16.7M | $8.1M | ||
| Q2 24 | $16.8M | $5.5M | ||
| Q1 24 | $18.7M | $7.9M |
| Q4 25 | $-3.9M | — | ||
| Q3 25 | $4.7M | $-3.8M | ||
| Q2 25 | $-11.0M | $-4.6M | ||
| Q1 25 | $9.3M | $-4.2M | ||
| Q4 24 | $-10.7M | $-5.8M | ||
| Q3 24 | $-5.9M | $-4.8M | ||
| Q2 24 | $-6.1M | $-6.3M | ||
| Q1 24 | $-12.3M | $-8.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | 14.6% | ||
| Q2 25 | — | 7.2% | ||
| Q1 25 | — | 13.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | — | 7.7% | ||
| Q1 24 | — | 3.1% |
| Q4 25 | -29.2% | — | ||
| Q3 25 | 33.0% | -27.1% | ||
| Q2 25 | -87.8% | -46.7% | ||
| Q1 25 | 64.4% | -42.6% | ||
| Q4 24 | -61.0% | -68.4% | ||
| Q3 24 | -35.3% | -44.8% | ||
| Q2 24 | -36.5% | -94.8% | ||
| Q1 24 | -65.9% | -88.3% |
| Q4 25 | -29.2% | — | ||
| Q3 25 | 33.0% | -53.2% | ||
| Q2 25 | -87.8% | -64.0% | ||
| Q1 25 | 62.5% | -61.2% | ||
| Q4 24 | -60.9% | -85.3% | ||
| Q3 24 | -35.3% | -59.8% | ||
| Q2 24 | -36.5% | -115.0% | ||
| Q1 24 | -65.9% | -106.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.18 | ||
| Q2 25 | — | $0.21 | ||
| Q1 25 | — | $-0.20 | ||
| Q4 24 | — | $-0.82 | ||
| Q3 24 | — | $-0.23 | ||
| Q2 24 | — | $0.29 | ||
| Q1 24 | — | $-0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.3M | — |
| Total DebtLower is stronger | $948.2M | — |
| Stockholders' EquityBook value | $509.6M | $-12.9M |
| Total Assets | $1.6B | $56.3M |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | — | ||
| Q3 25 | $84.9M | — | ||
| Q2 25 | $90.0M | — | ||
| Q1 25 | $125.5M | — | ||
| Q4 24 | $63.8M | — | ||
| Q3 24 | $68.9M | — | ||
| Q2 24 | $70.6M | — | ||
| Q1 24 | $99.5M | — |
| Q4 25 | $948.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $718.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $509.6M | — | ||
| Q3 25 | $521.0M | $-12.9M | ||
| Q2 25 | $523.7M | $-9.2M | ||
| Q1 25 | $542.1M | $-4.8M | ||
| Q4 24 | $540.1M | $-695.9K | ||
| Q3 24 | $563.8M | $5.1M | ||
| Q2 24 | $582.3M | $9.9M | ||
| Q1 24 | $601.1M | $16.2M |
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.4B | $56.3M | ||
| Q2 25 | $1.4B | $57.3M | ||
| Q1 25 | $1.5B | $58.4M | ||
| Q4 24 | $1.8B | $60.0M | ||
| Q3 24 | $1.9B | $61.9M | ||
| Q2 24 | $2.1B | $63.6M | ||
| Q1 24 | $2.1B | $70.3M |
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.33× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.4M | $-190.6K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | — | ||
| Q3 25 | $3.8M | $-190.6K | ||
| Q2 25 | $4.9M | $-2.2M | ||
| Q1 25 | $8.0M | $-1.4M | ||
| Q4 24 | $35.5M | $-819.4K | ||
| Q3 24 | $8.4M | $-3.3M | ||
| Q2 24 | $8.7M | $-4.2M | ||
| Q1 24 | $11.4M | $-6.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-1.4M | ||
| Q4 24 | — | $-951.6K | ||
| Q3 24 | — | $-3.7M | ||
| Q2 24 | — | $-4.7M | ||
| Q1 24 | — | $-7.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -20.3% | ||
| Q4 24 | — | -14.1% | ||
| Q3 24 | — | -46.1% | ||
| Q2 24 | — | -86.7% | ||
| Q1 24 | — | -92.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 7.0% |
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
