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Side-by-side financial comparison of Biofrontera Inc. (BFRI) and Alpine Income Property Trust, Inc. (PINE). Click either name above to swap in a different company.

Alpine Income Property Trust, Inc. is the larger business by last-quarter revenue ($18.4M vs $17.1M, roughly 1.1× Biofrontera Inc.). Biofrontera Inc. runs the higher net margin — 33.0% vs 11.9%, a 21.1% gap on every dollar of revenue. On growth, Biofrontera Inc. posted the faster year-over-year revenue change (36.2% vs 29.6%). Over the past eight quarters, Biofrontera Inc.'s revenue compounded faster (47.0% CAGR vs 21.4%).

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.

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.

BFRI vs PINE — Head-to-Head

Bigger by revenue
PINE
PINE
1.1× larger
PINE
$18.4M
$17.1M
BFRI
Growing faster (revenue YoY)
BFRI
BFRI
+6.6% gap
BFRI
36.2%
29.6%
PINE
Higher net margin
BFRI
BFRI
21.1% more per $
BFRI
33.0%
11.9%
PINE
Faster 2-yr revenue CAGR
BFRI
BFRI
Annualised
BFRI
47.0%
21.4%
PINE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BFRI
BFRI
PINE
PINE
Revenue
$17.1M
$18.4M
Net Profit
$5.6M
$2.2M
Gross Margin
Operating Margin
26.6%
35.4%
Net Margin
33.0%
11.9%
Revenue YoY
36.2%
29.6%
Net Profit YoY
504.0%
285.3%
EPS (diluted)
$0.62
$0.06

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
BFRI
BFRI
PINE
PINE
Q1 26
$18.4M
Q4 25
$17.1M
$16.9M
Q3 25
$7.0M
$14.6M
Q2 25
$9.0M
$14.9M
Q1 25
$8.6M
$14.2M
Q4 24
$12.6M
$13.8M
Q3 24
$9.0M
$13.5M
Q2 24
$7.8M
$12.5M
Net Profit
BFRI
BFRI
PINE
PINE
Q1 26
$2.2M
Q4 25
$5.6M
$1.5M
Q3 25
$-6.6M
$-1.3M
Q2 25
$-5.3M
$-1.6M
Q1 25
$-4.2M
$-1.2M
Q4 24
$-1.4M
$-958.0K
Q3 24
$-5.7M
$3.1M
Q2 24
$-257.0K
$204.0K
Operating Margin
BFRI
BFRI
PINE
PINE
Q1 26
35.4%
Q4 25
26.6%
35.3%
Q3 25
-89.8%
16.6%
Q2 25
-56.2%
16.8%
Q1 25
-52.9%
16.0%
Q4 24
-13.6%
14.3%
Q3 24
-55.0%
47.9%
Q2 24
-64.7%
24.0%
Net Margin
BFRI
BFRI
PINE
PINE
Q1 26
11.9%
Q4 25
33.0%
8.7%
Q3 25
-95.1%
-9.0%
Q2 25
-59.0%
-11.0%
Q1 25
-48.9%
-8.3%
Q4 24
-11.1%
-6.9%
Q3 24
-62.9%
22.8%
Q2 24
-3.3%
1.6%
EPS (diluted)
BFRI
BFRI
PINE
PINE
Q1 26
$0.06
Q4 25
$0.62
$0.07
Q3 25
$-0.62
$-0.09
Q2 25
$-0.57
$-0.12
Q1 25
$-0.47
$-0.08
Q4 24
$0.69
$-0.06
Q3 24
$-0.98
$0.21
Q2 24
$-0.05
$0.01

Balance Sheet & Financial Strength

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

Metric
BFRI
BFRI
PINE
PINE
Cash + ST InvestmentsLiquidity on hand
$6.4M
$2.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$10.5M
$312.5M
Total Assets
$28.6M
$745.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFRI
BFRI
PINE
PINE
Q1 26
$2.6M
Q4 25
$6.4M
$4.6M
Q3 25
$3.4M
$1.2M
Q2 25
$7.2M
$5.0M
Q1 25
$1.8M
$6.1M
Q4 24
$5.9M
$1.6M
Q3 24
$2.9M
$2.6M
Q2 24
$4.4M
$3.3M
Total Debt
BFRI
BFRI
PINE
PINE
Q1 26
Q4 25
$377.7M
Q3 25
$358.2M
Q2 25
$352.6M
Q1 25
$356.5M
Q4 24
$301.5M
Q3 24
$278.9M
Q2 24
$268.3M
Stockholders' Equity
BFRI
BFRI
PINE
PINE
Q1 26
$312.5M
Q4 25
$10.5M
$279.9M
Q3 25
$-2.6M
$223.5M
Q2 25
$-4.7M
$229.8M
Q1 25
$500.0K
$240.9M
Q4 24
$4.4M
$253.0M
Q3 24
$5.5M
$248.2M
Q2 24
$10.9M
$244.0M
Total Assets
BFRI
BFRI
PINE
PINE
Q1 26
$745.1M
Q4 25
$28.6M
$715.9M
Q3 25
$15.4M
$621.4M
Q2 25
$20.1M
$628.4M
Q1 25
$16.6M
$647.4M
Q4 24
$22.1M
$605.0M
Q3 24
$18.5M
$579.0M
Q2 24
$21.6M
$565.8M
Debt / Equity
BFRI
BFRI
PINE
PINE
Q1 26
Q4 25
1.35×
Q3 25
1.60×
Q2 25
1.53×
Q1 25
1.48×
Q4 24
1.19×
Q3 24
1.12×
Q2 24
1.10×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFRI
BFRI
PINE
PINE
Q1 26
Q4 25
$-2.4M
$25.8M
Q3 25
$-3.8M
$8.7M
Q2 25
$-3.0M
$9.1M
Q1 25
$-4.1M
$5.8M
Q4 24
$-1.0M
$23.4M
Q3 24
$-1.2M
$6.2M
Q2 24
$-4.7M
$8.0M
Free Cash Flow
BFRI
BFRI
PINE
PINE
Q1 26
Q4 25
$-2.4M
$-87.8M
Q3 25
$-3.8M
$-48.8M
Q2 25
$-3.0M
$-3.0M
Q1 25
$-4.1M
$-55.5M
Q4 24
$-1.0M
$-33.4M
Q3 24
$-43.0M
Q2 24
$-4.8M
$-13.5M
FCF Margin
BFRI
BFRI
PINE
PINE
Q1 26
Q4 25
-13.9%
-519.4%
Q3 25
-54.7%
-334.9%
Q2 25
-33.7%
-20.0%
Q1 25
-48.0%
-391.0%
Q4 24
-8.1%
-242.4%
Q3 24
-319.3%
Q2 24
-60.8%
-108.0%
Capex Intensity
BFRI
BFRI
PINE
PINE
Q1 26
Q4 25
0.0%
671.8%
Q3 25
0.0%
394.8%
Q2 25
0.0%
81.2%
Q1 25
0.0%
432.0%
Q4 24
0.0%
412.3%
Q3 24
0.0%
365.4%
Q2 24
0.6%
172.3%
Cash Conversion
BFRI
BFRI
PINE
PINE
Q1 26
Q4 25
-0.42×
17.48×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
2.02×
Q2 24
39.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFRI
BFRI

Segment breakdown not available.

PINE
PINE

Lease Income$12.6M68%
Other$5.8M31%
Other Revenue$46.0K0%

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