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Side-by-side financial comparison of Angel Oak Mortgage REIT, Inc. (AOMR) and Borealis Foods Inc. (BRLS). Click either name above to swap in a different company.

Angel Oak Mortgage REIT, Inc. is the larger business by last-quarter revenue ($10.9M vs $7.1M, roughly 1.5× Borealis Foods Inc.). Angel Oak Mortgage REIT, Inc. runs the higher net margin — 103.9% vs -53.2%, a 157.1% gap on every dollar of revenue. On growth, Angel Oak Mortgage REIT, Inc. posted the faster year-over-year revenue change (10.4% vs -12.0%). Over the past eight quarters, Angel Oak Mortgage REIT, Inc.'s revenue compounded faster (12.7% CAGR vs -2.4%).

Angel Oak Mortgage REIT, Inc. is a U.S.-based real estate investment trust focused on investing in residential mortgage assets, including non-agency mortgage-backed securities, residential mortgage loans, and credit-linked real estate instruments. It serves U.S. institutional and retail investors, targeting competitive risk-adjusted returns through regular income and long-term capital growth.

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.

AOMR vs BRLS — Head-to-Head

Bigger by revenue
AOMR
AOMR
1.5× larger
AOMR
$10.9M
$7.1M
BRLS
Growing faster (revenue YoY)
AOMR
AOMR
+22.5% gap
AOMR
10.4%
-12.0%
BRLS
Higher net margin
AOMR
AOMR
157.1% more per $
AOMR
103.9%
-53.2%
BRLS
Faster 2-yr revenue CAGR
AOMR
AOMR
Annualised
AOMR
12.7%
-2.4%
BRLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AOMR
AOMR
BRLS
BRLS
Revenue
$10.9M
$7.1M
Net Profit
$11.3M
$-3.8M
Gross Margin
14.6%
Operating Margin
-27.1%
Net Margin
103.9%
-53.2%
Revenue YoY
10.4%
-12.0%
Net Profit YoY
175.2%
21.8%
EPS (diluted)
$0.44
$-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.

Revenue
AOMR
AOMR
BRLS
BRLS
Q4 25
$10.9M
Q3 25
$10.2M
$7.1M
Q2 25
$9.9M
$7.2M
Q1 25
$10.1M
$6.8M
Q4 24
$9.9M
$6.8M
Q3 24
$9.0M
$8.1M
Q2 24
$9.5M
$5.5M
Q1 24
$8.6M
$7.9M
Net Profit
AOMR
AOMR
BRLS
BRLS
Q4 25
$11.3M
Q3 25
$11.4M
$-3.8M
Q2 25
$767.0K
$-4.6M
Q1 25
$20.5M
$-4.2M
Q4 24
$-15.1M
$-5.8M
Q3 24
$31.2M
$-4.8M
Q2 24
$-273.0K
$-6.3M
Q1 24
$12.9M
$-8.4M
Gross Margin
AOMR
AOMR
BRLS
BRLS
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%
Operating Margin
AOMR
AOMR
BRLS
BRLS
Q4 25
Q3 25
-27.1%
Q2 25
7.7%
-46.7%
Q1 25
-42.6%
Q4 24
-152.6%
-68.4%
Q3 24
-44.8%
Q2 24
-1.4%
-94.8%
Q1 24
-88.3%
Net Margin
AOMR
AOMR
BRLS
BRLS
Q4 25
103.9%
Q3 25
112.1%
-53.2%
Q2 25
7.7%
-64.0%
Q1 25
203.5%
-61.2%
Q4 24
-152.6%
-85.3%
Q3 24
345.9%
-59.8%
Q2 24
-2.9%
-115.0%
Q1 24
150.1%
-106.8%
EPS (diluted)
AOMR
AOMR
BRLS
BRLS
Q4 25
$0.44
Q3 25
$0.46
$-0.18
Q2 25
$0.03
$0.21
Q1 25
$0.87
$-0.20
Q4 24
$-0.62
$-0.82
Q3 24
$1.29
$-0.23
Q2 24
$-0.01
$0.29
Q1 24
$0.51
$-0.49

Balance Sheet & Financial Strength

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

Metric
AOMR
AOMR
BRLS
BRLS
Cash + ST InvestmentsLiquidity on hand
$41.6M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$267.5M
$-12.9M
Total Assets
$2.7B
$56.3M
Debt / EquityLower = less leverage
8.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AOMR
AOMR
BRLS
BRLS
Q4 25
$41.6M
Q3 25
$51.6M
Q2 25
$40.5M
Q1 25
$38.7M
Q4 24
$40.8M
Q3 24
$42.1M
Q2 24
$44.0M
Q1 24
$39.4M
Total Debt
AOMR
AOMR
BRLS
BRLS
Q4 25
$2.3B
Q3 25
$2.2B
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AOMR
AOMR
BRLS
BRLS
Q4 25
$267.5M
Q3 25
$264.2M
$-12.9M
Q2 25
$246.4M
$-9.2M
Q1 25
$251.5M
$-4.8M
Q4 24
$239.0M
$-695.9K
Q3 24
$265.1M
$5.1M
Q2 24
$255.8M
$9.9M
Q1 24
$263.3M
$16.2M
Total Assets
AOMR
AOMR
BRLS
BRLS
Q4 25
$2.7B
Q3 25
$2.6B
$56.3M
Q2 25
$2.6B
$57.3M
Q1 25
$2.7B
$58.4M
Q4 24
$2.3B
$60.0M
Q3 24
$2.3B
$61.9M
Q2 24
$2.1B
$63.6M
Q1 24
$2.3B
$70.3M
Debt / Equity
AOMR
AOMR
BRLS
BRLS
Q4 25
8.51×
Q3 25
8.37×
Q2 25
Q1 25
Q4 24
7.62×
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
AOMR
AOMR
BRLS
BRLS
Operating Cash FlowLast quarter
$-407.0M
$-190.6K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-35.96×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AOMR
AOMR
BRLS
BRLS
Q4 25
$-407.0M
Q3 25
$-173.4M
$-190.6K
Q2 25
$20.6M
$-2.2M
Q1 25
$-201.7M
$-1.4M
Q4 24
$-221.5M
$-819.4K
Q3 24
$-212.4M
$-3.3M
Q2 24
$-24.2M
$-4.2M
Q1 24
$40.2M
$-6.8M
Free Cash Flow
AOMR
AOMR
BRLS
BRLS
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
FCF Margin
AOMR
AOMR
BRLS
BRLS
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%
Capex Intensity
AOMR
AOMR
BRLS
BRLS
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%
Cash Conversion
AOMR
AOMR
BRLS
BRLS
Q4 25
-35.96×
Q3 25
-15.19×
Q2 25
26.92×
Q1 25
-9.83×
Q4 24
Q3 24
-6.81×
Q2 24
Q1 24
3.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AOMR
AOMR

Nonrelated Party$6.4M59%
Other$4.5M41%

BRLS
BRLS

Segment breakdown not available.

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