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

FrontView REIT, Inc. is the larger business by last-quarter revenue ($16.5M vs $13.1M, roughly 1.3× Blue Hat Interactive Entertainment Technology). Blue Hat Interactive Entertainment Technology runs the higher net margin — -9.9% vs -24.9%, a 15.0% 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.

BHAT vs FVR — Head-to-Head

Bigger by revenue
FVR
FVR
1.3× larger
FVR
$16.5M
$13.1M
BHAT
Higher net margin
BHAT
BHAT
15.0% more per $
BHAT
-9.9%
-24.9%
FVR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BHAT
BHAT
FVR
FVR
Revenue
$13.1M
$16.5M
Net Profit
$-1.3M
$-4.1M
Gross Margin
8.3%
Operating Margin
-9.4%
Net Margin
-9.9%
-24.9%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.19

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
FVR
FVR
Q4 25
$16.5M
Q3 25
$16.8M
Q2 25
$13.1M
$17.6M
Q1 25
$16.2M
Q3 24
$14.5M
Q2 24
$46.3M
Net Profit
BHAT
BHAT
FVR
FVR
Q4 25
$-4.1M
Q3 25
$4.0M
Q2 25
$-1.3M
$-2.9M
Q1 25
$-833.0K
Q3 24
$-2.4M
Q2 24
$-4.4M
Gross Margin
BHAT
BHAT
FVR
FVR
Q4 25
Q3 25
Q2 25
8.3%
Q1 25
Q3 24
Q2 24
0.2%
Operating Margin
BHAT
BHAT
FVR
FVR
Q4 25
Q3 25
Q2 25
-9.4%
Q1 25
Q3 24
Q2 24
-8.8%
Net Margin
BHAT
BHAT
FVR
FVR
Q4 25
-24.9%
Q3 25
23.9%
Q2 25
-9.9%
-16.5%
Q1 25
-5.1%
Q3 24
-16.7%
Q2 24
-9.4%
EPS (diluted)
BHAT
BHAT
FVR
FVR
Q4 25
$-0.19
Q3 25
$0.19
Q2 25
$-0.16
Q1 25
$-0.06
Q3 24
Q2 24

Balance Sheet & Financial Strength

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

Metric
BHAT
BHAT
FVR
FVR
Cash + ST InvestmentsLiquidity on hand
$14.3K
$13.5M
Total DebtLower is stronger
$314.3M
Stockholders' EquityBook value
$32.1M
$391.2M
Total Assets
$75.2M
$854.4M
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHAT
BHAT
FVR
FVR
Q4 25
$13.5M
Q3 25
$19.6M
Q2 25
$14.3K
$8.4M
Q1 25
$3.3M
Q3 24
Q2 24
$407.6K
Total Debt
BHAT
BHAT
FVR
FVR
Q4 25
$314.3M
Q3 25
$307.1M
Q2 25
$316.9M
Q1 25
$310.2M
Q3 24
Q2 24
Stockholders' Equity
BHAT
BHAT
FVR
FVR
Q4 25
$391.2M
Q3 25
$385.2M
Q2 25
$32.1M
$369.9M
Q1 25
$324.7M
Q3 24
$1.0K
Q2 24
$40.6M
Total Assets
BHAT
BHAT
FVR
FVR
Q4 25
$854.4M
Q3 25
$846.8M
Q2 25
$75.2M
$856.5M
Q1 25
$860.8M
Q3 24
$1.0K
Q2 24
$49.3M
Debt / Equity
BHAT
BHAT
FVR
FVR
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
Q3 24
Q2 24

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
FVR
FVR
Operating Cash FlowLast quarter
$2.6M
$42.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHAT
BHAT
FVR
FVR
Q4 25
$42.1M
Q3 25
$8.3M
Q2 25
$2.6M
$9.3M
Q1 25
$8.1M
Q3 24
Q2 24
Cash Conversion
BHAT
BHAT
FVR
FVR
Q4 25
Q3 25
2.06×
Q2 25
Q1 25
Q3 24
Q2 24

Financial Flow Comparison

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

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