vs

Side-by-side financial comparison of Blue Hat Interactive Entertainment Technology (BHAT) and CytomX Therapeutics, Inc. (CTMX). Click either name above to swap in a different company.

CytomX Therapeutics, Inc. is the larger business by last-quarter revenue ($18.7M vs $13.1M, roughly 1.4× Blue Hat Interactive Entertainment Technology). CytomX Therapeutics, Inc. runs the higher net margin — -0.8% vs -9.9%, a 9.1% gap on every dollar of revenue.

Blue Hat Interactive Entertainment Technology develops and produces interactive entertainment products including AR games, smart interactive toys, and immersive leisure content. It primarily serves mainland China's consumer market, with expanding distribution across Southeast Asia, focusing on family and youth entertainment segments.

CytomX Therapeutics is a clinical-stage biotechnology company specializing in innovative cancer immunotherapies. It leverages its proprietary Probody technology platform to develop targeted therapies that activate exclusively in tumor microenvironments, minimizing off-target toxicities, with a pipeline covering multiple solid tumor indications and partnerships with leading global pharmaceutical firms.

BHAT vs CTMX — Head-to-Head

Bigger by revenue
CTMX
CTMX
1.4× larger
CTMX
$18.7M
$13.1M
BHAT
Higher net margin
CTMX
CTMX
9.1% more per $
CTMX
-0.8%
-9.9%
BHAT

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
BHAT
BHAT
CTMX
CTMX
Revenue
$13.1M
$18.7M
Net Profit
$-1.3M
$-154.0K
Gross Margin
8.3%
Operating Margin
-9.4%
-6.9%
Net Margin
-9.9%
-0.8%
Revenue YoY
-25.7%
Net Profit YoY
97.6%
EPS (diluted)

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
BHAT
BHAT
CTMX
CTMX
Q2 25
$13.1M
$18.7M
Q1 25
$50.9M
Q4 24
$38.1M
Q3 24
$33.4M
Q2 24
$46.3M
$25.1M
Q1 24
$41.5M
Q4 23
$26.6M
Q3 23
$26.4M
Net Profit
BHAT
BHAT
CTMX
CTMX
Q2 25
$-1.3M
$-154.0K
Q1 25
$23.5M
Q4 24
$18.9M
Q3 24
$5.7M
Q2 24
$-4.4M
$-6.5M
Q1 24
$13.8M
Q4 23
$837.0K
Q3 23
$3.0M
Gross Margin
BHAT
BHAT
CTMX
CTMX
Q2 25
8.3%
Q1 25
Q4 24
Q3 24
Q2 24
0.2%
Q1 24
Q4 23
Q3 23
Operating Margin
BHAT
BHAT
CTMX
CTMX
Q2 25
-9.4%
-6.9%
Q1 25
44.4%
Q4 24
46.4%
Q3 24
12.3%
Q2 24
-8.8%
-33.7%
Q1 24
28.1%
Q4 23
-2.3%
Q3 23
11.8%
Net Margin
BHAT
BHAT
CTMX
CTMX
Q2 25
-9.9%
-0.8%
Q1 25
46.2%
Q4 24
49.6%
Q3 24
17.2%
Q2 24
-9.4%
-26.0%
Q1 24
33.3%
Q4 23
3.1%
Q3 23
11.3%

Balance Sheet & Financial Strength

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

Metric
BHAT
BHAT
CTMX
CTMX
Cash + ST InvestmentsLiquidity on hand
$14.3K
$49.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$32.1M
$119.9M
Total Assets
$75.2M
$175.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHAT
BHAT
CTMX
CTMX
Q2 25
$14.3K
$49.0M
Q1 25
$47.6M
Q4 24
$38.1M
Q3 24
$40.6M
Q2 24
$407.6K
$43.2M
Q1 24
$36.2M
Q4 23
$17.2M
Q3 23
$26.0M
Stockholders' Equity
BHAT
BHAT
CTMX
CTMX
Q2 25
$32.1M
$119.9M
Q1 25
$25.0M
Q4 24
$-456.0K
Q3 24
$-23.5M
Q2 24
$40.6M
$-31.2M
Q1 24
$-31.7M
Q4 23
$-47.4M
Q3 23
$-51.2M
Total Assets
BHAT
BHAT
CTMX
CTMX
Q2 25
$75.2M
$175.1M
Q1 25
$98.5M
Q4 24
$120.5M
Q3 24
$139.0M
Q2 24
$49.3M
$159.2M
Q1 24
$184.7M
Q4 23
$201.8M
Q3 23
$221.2M

Cash Flow & Capital Efficiency

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

Metric
BHAT
BHAT
CTMX
CTMX
Operating Cash FlowLast quarter
$2.6M
$-15.8M
Free Cash FlowOCF − Capex
$-15.8M
FCF MarginFCF / Revenue
-84.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-77.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHAT
BHAT
CTMX
CTMX
Q2 25
$2.6M
$-15.8M
Q1 25
$-21.0M
Q4 24
$-19.9M
Q3 24
$-20.7M
Q2 24
$-19.5M
Q1 24
$-26.0M
Q4 23
$-22.0M
Q3 23
$-18.2M
Free Cash Flow
BHAT
BHAT
CTMX
CTMX
Q2 25
$-15.8M
Q1 25
$-21.2M
Q4 24
$-20.0M
Q3 24
$-20.7M
Q2 24
$-19.6M
Q1 24
$-26.2M
Q4 23
$-22.2M
Q3 23
$-18.3M
FCF Margin
BHAT
BHAT
CTMX
CTMX
Q2 25
-84.6%
Q1 25
-41.6%
Q4 24
-52.5%
Q3 24
-62.1%
Q2 24
-78.2%
Q1 24
-63.1%
Q4 23
-83.5%
Q3 23
-69.2%
Capex Intensity
BHAT
BHAT
CTMX
CTMX
Q2 25
0.1%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.4%
Q1 24
0.3%
Q4 23
1.0%
Q3 23
0.0%
Cash Conversion
BHAT
BHAT
CTMX
CTMX
Q2 25
Q1 25
-0.89×
Q4 24
-1.05×
Q3 24
-3.61×
Q2 24
Q1 24
-1.89×
Q4 23
-26.24×
Q3 23
-6.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BHAT
BHAT

Segment breakdown not available.

CTMX
CTMX

Bristol Myers Squibb Company$11.6M62%
Astellas Pharma Inc$4.6M25%
Regeneron Pharmaceuticals Inc$2.1M11%

Related Comparisons