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Side-by-side financial comparison of Anteris Technologies Global Corp. (AVR) and Cadre Holdings, Inc. (CDRE). Click either name above to swap in a different company.

Cadre Holdings, Inc. is the larger business by last-quarter revenue ($167.2M vs $310.0K, roughly 539.4× Anteris Technologies Global Corp.). Cadre Holdings, Inc. runs the higher net margin — 7.0% vs -9420.0%, a 9427.0% gap on every dollar of revenue. Cadre Holdings, Inc. produced more free cash flow last quarter ($18.0M vs $-18.9M).

Anteris Technologies Global Corp is a medical technology firm specializing in innovative structural heart care solutions. It develops and commercializes bioprosthetic heart valves and transcatheter intervention products, serving healthcare providers across North America, Europe, and Asia-Pacific, with core focus on cardiac surgery and interventional cardiology segments.

RealCadre LLC, commonly Cadre, is an American financial technology company that provides individuals and institutions direct access to real estate investment properties, including commercial properties based in New York. The business and financial press describe it as a platform that "makes the real estate market more like the stock market" by allowing investors to select the individual transactions in which they participate, while investing a smaller amount than would be required to fully fu...

AVR vs CDRE — Head-to-Head

Bigger by revenue
CDRE
CDRE
539.4× larger
CDRE
$167.2M
$310.0K
AVR
Higher net margin
CDRE
CDRE
9427.0% more per $
CDRE
7.0%
-9420.0%
AVR
More free cash flow
CDRE
CDRE
$36.9M more FCF
CDRE
$18.0M
$-18.9M
AVR

Income Statement — Q4 2025 vs Q4 2025

Metric
AVR
AVR
CDRE
CDRE
Revenue
$310.0K
$167.2M
Net Profit
$-29.2M
$11.7M
Gross Margin
70.6%
43.4%
Operating Margin
-9343.5%
12.2%
Net Margin
-9420.0%
7.0%
Revenue YoY
-5.0%
Net Profit YoY
-9.6%
EPS (diluted)
$-0.74
$0.22

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
AVR
AVR
CDRE
CDRE
Q4 25
$310.0K
$167.2M
Q3 25
$429.0K
$155.9M
Q2 25
$618.0K
$157.1M
Q1 25
$556.0K
$130.1M
Q4 24
$176.0M
Q3 24
$109.4M
Q2 24
$144.3M
Q1 24
$137.9M
Net Profit
AVR
AVR
CDRE
CDRE
Q4 25
$-29.2M
$11.7M
Q3 25
$-22.2M
$10.9M
Q2 25
$-20.8M
$12.2M
Q1 25
$-21.9M
$9.2M
Q4 24
$13.0M
Q3 24
$3.7M
Q2 24
$12.6M
Q1 24
$6.9M
Gross Margin
AVR
AVR
CDRE
CDRE
Q4 25
70.6%
43.4%
Q3 25
71.3%
42.7%
Q2 25
76.1%
40.9%
Q1 25
62.8%
43.1%
Q4 24
43.9%
Q3 24
36.6%
Q2 24
40.6%
Q1 24
41.8%
Operating Margin
AVR
AVR
CDRE
CDRE
Q4 25
-9343.5%
12.2%
Q3 25
-5190.0%
12.0%
Q2 25
-3379.3%
9.3%
Q1 25
-3917.3%
10.4%
Q4 24
16.7%
Q3 24
5.0%
Q2 24
13.8%
Q1 24
8.7%
Net Margin
AVR
AVR
CDRE
CDRE
Q4 25
-9420.0%
7.0%
Q3 25
-5185.1%
7.0%
Q2 25
-3371.2%
7.8%
Q1 25
-3932.4%
7.1%
Q4 24
7.4%
Q3 24
3.3%
Q2 24
8.7%
Q1 24
5.0%
EPS (diluted)
AVR
AVR
CDRE
CDRE
Q4 25
$-0.74
$0.22
Q3 25
$-0.62
$0.27
Q2 25
$-0.58
$0.30
Q1 25
$-0.61
$0.23
Q4 24
$0.32
Q3 24
$0.09
Q2 24
$0.31
Q1 24
$0.18

Balance Sheet & Financial Strength

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

Metric
AVR
AVR
CDRE
CDRE
Cash + ST InvestmentsLiquidity on hand
$122.9M
Total DebtLower is stronger
$22.0K
Stockholders' EquityBook value
$-93.0K
$317.8M
Total Assets
$23.0M
$770.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVR
AVR
CDRE
CDRE
Q4 25
$122.9M
Q3 25
$150.9M
Q2 25
$137.5M
Q1 25
$49.0M
$133.4M
Q4 24
$124.9M
Q3 24
$93.0M
Q2 24
$105.9M
Q1 24
$87.1M
Total Debt
AVR
AVR
CDRE
CDRE
Q4 25
$22.0K
Q3 25
$26.0K
Q2 25
$30.0K
Q1 25
$30.0K
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AVR
AVR
CDRE
CDRE
Q4 25
$-93.0K
$317.8M
Q3 25
$3.7M
$340.4M
Q2 25
$24.4M
$332.5M
Q1 25
$43.3M
$317.6M
Q4 24
$311.5M
Q3 24
$300.3M
Q2 24
$299.4M
Q1 24
$270.7M
Total Assets
AVR
AVR
CDRE
CDRE
Q4 25
$23.0M
$770.0M
Q3 25
$19.1M
$792.1M
Q2 25
$39.9M
$794.4M
Q1 25
$58.8M
$656.3M
Q4 24
$652.7M
Q3 24
$616.6M
Q2 24
$620.6M
Q1 24
$599.4M
Debt / Equity
AVR
AVR
CDRE
CDRE
Q4 25
Q3 25
0.01×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
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
AVR
AVR
CDRE
CDRE
Operating Cash FlowLast quarter
$-18.5M
$21.3M
Free Cash FlowOCF − Capex
$-18.9M
$18.0M
FCF MarginFCF / Revenue
-6104.5%
10.7%
Capex IntensityCapex / Revenue
128.1%
2.0%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters
$-79.8M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVR
AVR
CDRE
CDRE
Q4 25
$-18.5M
$21.3M
Q3 25
$-18.3M
$22.5M
Q2 25
$-19.5M
$2.6M
Q1 25
$-21.5M
$17.4M
Q4 24
$23.7M
Q3 24
$-5.2M
Q2 24
$11.1M
Q1 24
$2.1M
Free Cash Flow
AVR
AVR
CDRE
CDRE
Q4 25
$-18.9M
$18.0M
Q3 25
$-19.0M
$21.6M
Q2 25
$-20.1M
$1.2M
Q1 25
$-21.7M
$16.1M
Q4 24
$22.4M
Q3 24
$-6.2M
Q2 24
$9.1M
Q1 24
$794.0K
FCF Margin
AVR
AVR
CDRE
CDRE
Q4 25
-6104.5%
10.7%
Q3 25
-4434.5%
13.9%
Q2 25
-3247.9%
0.7%
Q1 25
-3909.5%
12.4%
Q4 24
12.7%
Q3 24
-5.7%
Q2 24
6.3%
Q1 24
0.6%
Capex Intensity
AVR
AVR
CDRE
CDRE
Q4 25
128.1%
2.0%
Q3 25
180.0%
0.5%
Q2 25
86.9%
0.9%
Q1 25
44.6%
1.0%
Q4 24
0.7%
Q3 24
0.9%
Q2 24
1.4%
Q1 24
1.0%
Cash Conversion
AVR
AVR
CDRE
CDRE
Q4 25
1.81×
Q3 25
2.05×
Q2 25
0.21×
Q1 25
1.88×
Q4 24
1.83×
Q3 24
-1.43×
Q2 24
0.89×
Q1 24
0.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVR
AVR

Segment breakdown not available.

CDRE
CDRE

U.s.state And Local Agencies$72.7M43%
Other$48.6M29%
U.s.Federal Agencies$31.6M19%
Commercial$12.0M7%

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