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Side-by-side financial comparison of Blue Hat Interactive Entertainment Technology (BHAT) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.

FRANKLIN STREET PROPERTIES CORP is the larger business by last-quarter revenue ($26.0M vs $13.1M, roughly 2.0× Blue Hat Interactive Entertainment Technology). Blue Hat Interactive Entertainment Technology runs the higher net margin — -9.9% vs -28.1%, a 18.2% 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.

Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.

BHAT vs FSP — Head-to-Head

Bigger by revenue
FSP
FSP
2.0× larger
FSP
$26.0M
$13.1M
BHAT
Higher net margin
BHAT
BHAT
18.2% more per $
BHAT
-9.9%
-28.1%
FSP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BHAT
BHAT
FSP
FSP
Revenue
$13.1M
$26.0M
Net Profit
$-1.3M
$-7.3M
Gross Margin
8.3%
59.4%
Operating Margin
-9.4%
-27.9%
Net Margin
-9.9%
-28.1%
Revenue YoY
-8.2%
Net Profit YoY
14.1%
EPS (diluted)
$-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
BHAT
BHAT
FSP
FSP
Q4 25
$26.0M
Q3 25
$27.3M
Q2 25
$13.1M
$26.7M
Q1 25
$27.1M
Q4 24
$28.4M
Q3 24
$29.7M
Q2 24
$46.3M
$30.8M
Q1 24
$31.2M
Net Profit
BHAT
BHAT
FSP
FSP
Q4 25
$-7.3M
Q3 25
$-8.3M
Q2 25
$-1.3M
$-7.9M
Q1 25
$-21.4M
Q4 24
$-8.5M
Q3 24
$-15.6M
Q2 24
$-4.4M
$-21.0M
Q1 24
$-7.6M
Gross Margin
BHAT
BHAT
FSP
FSP
Q4 25
59.4%
Q3 25
60.9%
Q2 25
8.3%
59.9%
Q1 25
62.8%
Q4 24
59.7%
Q3 24
61.0%
Q2 24
0.2%
64.2%
Q1 24
64.7%
Operating Margin
BHAT
BHAT
FSP
FSP
Q4 25
-27.9%
Q3 25
-30.5%
Q2 25
-9.4%
-29.2%
Q1 25
-78.9%
Q4 24
-29.9%
Q3 24
-52.4%
Q2 24
-8.8%
-68.0%
Q1 24
-24.0%
Net Margin
BHAT
BHAT
FSP
FSP
Q4 25
-28.1%
Q3 25
-30.5%
Q2 25
-9.9%
-29.5%
Q1 25
-79.1%
Q4 24
-30.0%
Q3 24
-52.6%
Q2 24
-9.4%
-68.2%
Q1 24
-24.2%
EPS (diluted)
BHAT
BHAT
FSP
FSP
Q4 25
$-0.06
Q3 25
$-0.08
Q2 25
$-0.08
Q1 25
$-0.21
Q4 24
$-0.09
Q3 24
$-0.15
Q2 24
$-0.20
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
BHAT
BHAT
FSP
FSP
Cash + ST InvestmentsLiquidity on hand
$14.3K
$30.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$32.1M
$607.0M
Total Assets
$75.2M
$892.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHAT
BHAT
FSP
FSP
Q4 25
$30.6M
Q3 25
$31.4M
Q2 25
$14.3K
$29.4M
Q1 25
$30.2M
Q4 24
$41.1M
Q3 24
$40.9M
Q2 24
$407.6K
$30.2M
Q1 24
$34.2M
Stockholders' Equity
BHAT
BHAT
FSP
FSP
Q4 25
$607.0M
Q3 25
$615.3M
Q2 25
$32.1M
$624.7M
Q1 25
$633.4M
Q4 24
$655.9M
Q3 24
$665.4M
Q2 24
$40.6M
$682.1M
Q1 24
$703.9M
Total Assets
BHAT
BHAT
FSP
FSP
Q4 25
$892.9M
Q3 25
$901.0M
Q2 25
$75.2M
$903.2M
Q1 25
$916.4M
Q4 24
$946.9M
Q3 24
$981.5M
Q2 24
$49.3M
$1.0B
Q1 24
$1.0B

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
FSP
FSP
Operating Cash FlowLast quarter
$2.6M
$3.8M
Free Cash FlowOCF − Capex
$-12.7M
FCF MarginFCF / Revenue
-48.6%
Capex IntensityCapex / Revenue
63.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHAT
BHAT
FSP
FSP
Q4 25
$3.8M
Q3 25
$8.3M
Q2 25
$2.6M
$-2.9M
Q1 25
$-5.5M
Q4 24
$9.0M
Q3 24
$14.5M
Q2 24
$-648.0K
Q1 24
$-7.1M
Free Cash Flow
BHAT
BHAT
FSP
FSP
Q4 25
$-12.7M
Q3 25
$3.0M
Q2 25
$-5.7M
Q1 25
$-9.9M
Q4 24
$-16.2M
Q3 24
$8.6M
Q2 24
$-5.1M
Q1 24
$-15.8M
FCF Margin
BHAT
BHAT
FSP
FSP
Q4 25
-48.6%
Q3 25
11.0%
Q2 25
-21.5%
Q1 25
-36.7%
Q4 24
-57.2%
Q3 24
29.1%
Q2 24
-16.7%
Q1 24
-50.8%
Capex Intensity
BHAT
BHAT
FSP
FSP
Q4 25
63.0%
Q3 25
19.4%
Q2 25
10.7%
Q1 25
16.4%
Q4 24
88.9%
Q3 24
19.6%
Q2 24
14.6%
Q1 24
28.1%

Financial Flow Comparison

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

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