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Side-by-side financial comparison of Blue Hat Interactive Entertainment Technology (BHAT) and Finward Bancorp (FNWD). Click either name above to swap in a different company.

Finward Bancorp is the larger business by last-quarter revenue ($16.5M vs $13.1M, roughly 1.3× Blue Hat Interactive Entertainment Technology). Finward Bancorp runs the higher net margin — 12.0% vs -9.9%, a 21.9% 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.

Finward Bancorp is a U.S.-headquartered regional bank holding company. It offers a full range of retail and commercial banking products and services, including deposit accounts, personal and mortgage loans, small business financing, and wealth management solutions, primarily serving individual customers and small to mid-sized enterprises in its local operating regions.

BHAT vs FNWD — Head-to-Head

Bigger by revenue
FNWD
FNWD
1.3× larger
FNWD
$16.5M
$13.1M
BHAT
Higher net margin
FNWD
FNWD
21.9% more per $
FNWD
12.0%
-9.9%
BHAT

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BHAT
BHAT
FNWD
FNWD
Revenue
$13.1M
$16.5M
Net Profit
$-1.3M
$2.0M
Gross Margin
8.3%
Operating Margin
-9.4%
11.0%
Net Margin
-9.9%
12.0%
Revenue YoY
1.1%
Net Profit YoY
-5.6%
EPS (diluted)
$0.46

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
FNWD
FNWD
Q4 25
$16.5M
Q3 25
$17.4M
Q2 25
$13.1M
$16.6M
Q1 25
$15.5M
Q4 24
$16.3M
Q3 24
$14.9M
Q2 24
$46.3M
$14.6M
Q1 24
$25.3M
Net Profit
BHAT
BHAT
FNWD
FNWD
Q4 25
$2.0M
Q3 25
$3.5M
Q2 25
$-1.3M
$2.2M
Q1 25
$455.0K
Q4 24
$2.1M
Q3 24
$606.0K
Q2 24
$-4.4M
$143.0K
Q1 24
$9.3M
Gross Margin
BHAT
BHAT
FNWD
FNWD
Q4 25
Q3 25
Q2 25
8.3%
Q1 25
Q4 24
Q3 24
Q2 24
0.2%
Q1 24
Operating Margin
BHAT
BHAT
FNWD
FNWD
Q4 25
11.0%
Q3 25
20.5%
Q2 25
-9.4%
12.7%
Q1 25
4.0%
Q4 24
16.3%
Q3 24
2.7%
Q2 24
-8.8%
0.9%
Q1 24
40.6%
Net Margin
BHAT
BHAT
FNWD
FNWD
Q4 25
12.0%
Q3 25
20.1%
Q2 25
-9.9%
12.9%
Q1 25
2.9%
Q4 24
12.9%
Q3 24
4.1%
Q2 24
-9.4%
1.0%
Q1 24
36.7%
EPS (diluted)
BHAT
BHAT
FNWD
FNWD
Q4 25
$0.46
Q3 25
$0.81
Q2 25
$0.50
Q1 25
$0.11
Q4 24
$0.50
Q3 24
$0.14
Q2 24
$0.03
Q1 24
$2.17

Balance Sheet & Financial Strength

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

Metric
BHAT
BHAT
FNWD
FNWD
Cash + ST InvestmentsLiquidity on hand
$14.3K
Total DebtLower is stronger
Stockholders' EquityBook value
$32.1M
$174.7M
Total Assets
$75.2M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHAT
BHAT
FNWD
FNWD
Q4 25
Q3 25
Q2 25
$14.3K
Q1 25
Q4 24
Q3 24
Q2 24
$407.6K
Q1 24
Stockholders' Equity
BHAT
BHAT
FNWD
FNWD
Q4 25
$174.7M
Q3 25
$165.5M
Q2 25
$32.1M
$154.3M
Q1 25
$151.8M
Q4 24
$151.4M
Q3 24
$159.6M
Q2 24
$40.6M
$148.6M
Q1 24
$151.6M
Total Assets
BHAT
BHAT
FNWD
FNWD
Q4 25
$2.0B
Q3 25
$2.1B
Q2 25
$75.2M
$2.1B
Q1 25
$2.0B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$49.3M
$2.1B
Q1 24
$2.1B

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
FNWD
FNWD
Operating Cash FlowLast quarter
$2.6M
$9.9M
Free Cash FlowOCF − Capex
$9.0M
FCF MarginFCF / Revenue
54.8%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
4.99×
TTM Free Cash FlowTrailing 4 quarters
$10.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHAT
BHAT
FNWD
FNWD
Q4 25
$9.9M
Q3 25
$1.2M
Q2 25
$2.6M
$4.8M
Q1 25
$-3.8M
Q4 24
$9.8M
Q3 24
$-3.7M
Q2 24
$2.8M
Q1 24
$-25.0K
Free Cash Flow
BHAT
BHAT
FNWD
FNWD
Q4 25
$9.0M
Q3 25
$1.0M
Q2 25
$4.5M
Q1 25
$-4.0M
Q4 24
$6.7M
Q3 24
$-4.2M
Q2 24
$1.1M
Q1 24
$-736.0K
FCF Margin
BHAT
BHAT
FNWD
FNWD
Q4 25
54.8%
Q3 25
6.0%
Q2 25
27.0%
Q1 25
-25.7%
Q4 24
41.2%
Q3 24
-28.5%
Q2 24
7.6%
Q1 24
-2.9%
Capex Intensity
BHAT
BHAT
FNWD
FNWD
Q4 25
5.2%
Q3 25
0.9%
Q2 25
1.7%
Q1 25
1.2%
Q4 24
18.8%
Q3 24
3.4%
Q2 24
11.2%
Q1 24
2.8%
Cash Conversion
BHAT
BHAT
FNWD
FNWD
Q4 25
4.99×
Q3 25
0.34×
Q2 25
2.22×
Q1 25
-8.37×
Q4 24
4.66×
Q3 24
-6.15×
Q2 24
19.23×
Q1 24
-0.00×

Financial Flow Comparison

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

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