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Side-by-side financial comparison of Affinity Bancshares, Inc. (AFBI) and Biofrontera Inc. (BFRI). Click either name above to swap in a different company.

Biofrontera Inc. is the larger business by last-quarter revenue ($17.1M vs $8.6M, roughly 2.0× Affinity Bancshares, Inc.). Biofrontera Inc. runs the higher net margin — 33.0% vs 24.9%, a 8.1% gap on every dollar of revenue. On growth, Biofrontera Inc. posted the faster year-over-year revenue change (36.2% vs 12.8%). Affinity Bancshares, Inc. produced more free cash flow last quarter ($11.2M vs $-2.4M). Over the past eight quarters, Biofrontera Inc.'s revenue compounded faster (47.0% CAGR vs 8.1%).

Biofrontera Inc. is a specialty biopharmaceutical enterprise focused on developing and commercializing prescription dermatological products. Its core product line targets skin conditions including actinic keratosis and other dermatological disorders, with primary operating markets in the United States and European Union, serving patients and dermatology care providers.

AFBI vs BFRI — Head-to-Head

Bigger by revenue
BFRI
BFRI
2.0× larger
BFRI
$17.1M
$8.6M
AFBI
Growing faster (revenue YoY)
BFRI
BFRI
+23.3% gap
BFRI
36.2%
12.8%
AFBI
Higher net margin
BFRI
BFRI
8.1% more per $
BFRI
33.0%
24.9%
AFBI
More free cash flow
AFBI
AFBI
$13.6M more FCF
AFBI
$11.2M
$-2.4M
BFRI
Faster 2-yr revenue CAGR
BFRI
BFRI
Annualised
BFRI
47.0%
8.1%
AFBI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AFBI
AFBI
BFRI
BFRI
Revenue
$8.6M
$17.1M
Net Profit
$2.1M
$5.6M
Gross Margin
Operating Margin
35.9%
26.6%
Net Margin
24.9%
33.0%
Revenue YoY
12.8%
36.2%
Net Profit YoY
58.5%
504.0%
EPS (diluted)
$0.34
$0.62

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
AFBI
AFBI
BFRI
BFRI
Q4 25
$8.6M
$17.1M
Q3 25
$8.4M
$7.0M
Q2 25
$8.3M
$9.0M
Q1 25
$7.8M
$8.6M
Q4 24
$7.6M
$12.6M
Q3 24
$8.0M
$9.0M
Q2 24
$8.3M
$7.8M
Q1 24
$7.3M
$7.9M
Net Profit
AFBI
AFBI
BFRI
BFRI
Q4 25
$2.1M
$5.6M
Q3 25
$2.2M
$-6.6M
Q2 25
$2.2M
$-5.3M
Q1 25
$1.8M
$-4.2M
Q4 24
$1.3M
$-1.4M
Q3 24
$1.7M
$-5.7M
Q2 24
$1.0M
$-257.0K
Q1 24
$1.3M
$-10.4M
Operating Margin
AFBI
AFBI
BFRI
BFRI
Q4 25
35.9%
26.6%
Q3 25
34.9%
-89.8%
Q2 25
34.1%
-56.2%
Q1 25
30.8%
-52.9%
Q4 24
21.1%
-13.6%
Q3 24
28.5%
-55.0%
Q2 24
16.2%
-64.7%
Q1 24
24.0%
-69.1%
Net Margin
AFBI
AFBI
BFRI
BFRI
Q4 25
24.9%
33.0%
Q3 25
26.5%
-95.1%
Q2 25
25.9%
-59.0%
Q1 25
23.4%
-48.9%
Q4 24
17.7%
-11.1%
Q3 24
21.7%
-62.9%
Q2 24
12.5%
-3.3%
Q1 24
18.2%
-131.9%
EPS (diluted)
AFBI
AFBI
BFRI
BFRI
Q4 25
$0.34
$0.62
Q3 25
$0.34
$-0.62
Q2 25
$0.33
$-0.57
Q1 25
$0.28
$-0.47
Q4 24
$0.21
$0.69
Q3 24
$0.26
$-0.98
Q2 24
$0.16
$-0.05
Q1 24
$0.20
$-2.88

Balance Sheet & Financial Strength

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

Metric
AFBI
AFBI
BFRI
BFRI
Cash + ST InvestmentsLiquidity on hand
$53.9M
$6.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$127.0M
$10.5M
Total Assets
$881.7M
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFBI
AFBI
BFRI
BFRI
Q4 25
$53.9M
$6.4M
Q3 25
$84.8M
$3.4M
Q2 25
$89.7M
$7.2M
Q1 25
$74.7M
$1.8M
Q4 24
$41.4M
$5.9M
Q3 24
$52.3M
$2.9M
Q2 24
$50.4M
$4.4M
Q1 24
$61.4M
$3.8M
Stockholders' Equity
AFBI
AFBI
BFRI
BFRI
Q4 25
$127.0M
$10.5M
Q3 25
$125.4M
$-2.6M
Q2 25
$124.1M
$-4.7M
Q1 25
$122.3M
$500.0K
Q4 24
$129.1M
$4.4M
Q3 24
$128.4M
$5.5M
Q2 24
$125.1M
$10.9M
Q1 24
$123.3M
$-5.4M
Total Assets
AFBI
AFBI
BFRI
BFRI
Q4 25
$881.7M
$28.6M
Q3 25
$925.2M
$15.4M
Q2 25
$933.8M
$20.1M
Q1 25
$912.5M
$16.6M
Q4 24
$866.8M
$22.1M
Q3 24
$878.6M
$18.5M
Q2 24
$873.6M
$21.6M
Q1 24
$869.5M
$24.6M

Cash Flow & Capital Efficiency

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

Metric
AFBI
AFBI
BFRI
BFRI
Operating Cash FlowLast quarter
$11.6M
$-2.4M
Free Cash FlowOCF − Capex
$11.2M
$-2.4M
FCF MarginFCF / Revenue
130.9%
-13.9%
Capex IntensityCapex / Revenue
4.9%
0.0%
Cash ConversionOCF / Net Profit
5.46×
-0.42×
TTM Free Cash FlowTrailing 4 quarters
$20.3M
$-13.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFBI
AFBI
BFRI
BFRI
Q4 25
$11.6M
$-2.4M
Q3 25
$3.7M
$-3.8M
Q2 25
$3.8M
$-3.0M
Q1 25
$1.9M
$-4.1M
Q4 24
$6.8M
$-1.0M
Q3 24
$4.1M
$-1.2M
Q2 24
$619.0K
$-4.7M
Q1 24
$1.2M
$-3.3M
Free Cash Flow
AFBI
AFBI
BFRI
BFRI
Q4 25
$11.2M
$-2.4M
Q3 25
$3.6M
$-3.8M
Q2 25
$3.7M
$-3.0M
Q1 25
$1.8M
$-4.1M
Q4 24
$6.4M
$-1.0M
Q3 24
$4.0M
Q2 24
$489.0K
$-4.8M
Q1 24
$1.1M
$-3.4M
FCF Margin
AFBI
AFBI
BFRI
BFRI
Q4 25
130.9%
-13.9%
Q3 25
43.3%
-54.7%
Q2 25
44.0%
-33.7%
Q1 25
22.7%
-48.0%
Q4 24
83.9%
-8.1%
Q3 24
49.5%
Q2 24
5.9%
-60.8%
Q1 24
14.8%
-42.7%
Capex Intensity
AFBI
AFBI
BFRI
BFRI
Q4 25
4.9%
0.0%
Q3 25
0.8%
0.0%
Q2 25
1.4%
0.0%
Q1 25
1.9%
0.0%
Q4 24
5.6%
0.0%
Q3 24
1.7%
0.0%
Q2 24
1.6%
0.6%
Q1 24
1.8%
0.7%
Cash Conversion
AFBI
AFBI
BFRI
BFRI
Q4 25
5.46×
-0.42×
Q3 25
1.66×
Q2 25
1.75×
Q1 25
1.05×
Q4 24
5.05×
Q3 24
2.36×
Q2 24
0.60×
Q1 24
0.91×

Financial Flow Comparison

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

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