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

Blue Hat Interactive Entertainment Technology is the larger business by last-quarter revenue ($13.1M vs $6.6M, roughly 2.0× Intellicheck, Inc.). Intellicheck, Inc. runs the higher net margin — 23.4% vs -9.9%, a 33.3% 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.

Intellicheck, Inc. is a US-based technology company specializing in identity verification and fraud prevention solutions. It develops AI-powered tools to validate government-issued identification documents, streamline customer onboarding, and mitigate identity theft risks for clients across finance, retail, healthcare and public sector segments.

BHAT vs IDN — Head-to-Head

Bigger by revenue
BHAT
BHAT
2.0× larger
BHAT
$13.1M
$6.6M
IDN
Higher net margin
IDN
IDN
33.3% more per $
IDN
23.4%
-9.9%
BHAT

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BHAT
BHAT
IDN
IDN
Revenue
$13.1M
$6.6M
Net Profit
$-1.3M
$1.6M
Gross Margin
8.3%
91.4%
Operating Margin
-9.4%
22.5%
Net Margin
-9.9%
23.4%
Revenue YoY
11.8%
Net Profit YoY
218.0%
EPS (diluted)
$0.08

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
IDN
IDN
Q4 25
$6.6M
Q3 25
$6.0M
Q2 25
$13.1M
$5.1M
Q1 25
$4.9M
Q4 24
$5.9M
Q3 24
$4.7M
Q2 24
$46.3M
$4.7M
Q1 24
$4.7M
Net Profit
BHAT
BHAT
IDN
IDN
Q4 25
$1.6M
Q3 25
$290.0K
Q2 25
$-1.3M
$-251.0K
Q1 25
$-318.0K
Q4 24
$488.0K
Q3 24
$-837.0K
Q2 24
$-4.4M
$-127.0K
Q1 24
$-442.0K
Gross Margin
BHAT
BHAT
IDN
IDN
Q4 25
91.4%
Q3 25
90.5%
Q2 25
8.3%
89.8%
Q1 25
89.7%
Q4 24
91.1%
Q3 24
91.0%
Q2 24
0.2%
90.5%
Q1 24
90.7%
Operating Margin
BHAT
BHAT
IDN
IDN
Q4 25
22.5%
Q3 25
4.0%
Q2 25
-9.4%
-5.8%
Q1 25
-7.1%
Q4 24
8.1%
Q3 24
-19.3%
Q2 24
-8.8%
-4.6%
Q1 24
-11.2%
Net Margin
BHAT
BHAT
IDN
IDN
Q4 25
23.4%
Q3 25
4.8%
Q2 25
-9.9%
-4.9%
Q1 25
-6.5%
Q4 24
8.2%
Q3 24
-17.8%
Q2 24
-9.4%
-2.7%
Q1 24
-9.4%
EPS (diluted)
BHAT
BHAT
IDN
IDN
Q4 25
$0.08
Q3 25
$0.01
Q2 25
$-0.01
Q1 25
$-0.02
Q4 24
$0.02
Q3 24
$-0.04
Q2 24
$-0.01
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
BHAT
BHAT
IDN
IDN
Cash + ST InvestmentsLiquidity on hand
$14.3K
$9.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$32.1M
$20.7M
Total Assets
$75.2M
$24.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHAT
BHAT
IDN
IDN
Q4 25
$9.7M
Q3 25
$7.2M
Q2 25
$14.3K
$8.6M
Q1 25
$5.1M
Q4 24
$4.7M
Q3 24
$5.7M
Q2 24
$407.6K
$7.3M
Q1 24
$9.2M
Stockholders' Equity
BHAT
BHAT
IDN
IDN
Q4 25
$20.7M
Q3 25
$18.9M
Q2 25
$32.1M
$18.0M
Q1 25
$17.6M
Q4 24
$17.7M
Q3 24
$16.7M
Q2 24
$40.6M
$17.3M
Q1 24
$17.2M
Total Assets
BHAT
BHAT
IDN
IDN
Q4 25
$24.5M
Q3 25
$25.3M
Q2 25
$75.2M
$23.1M
Q1 25
$24.6M
Q4 24
$20.9M
Q3 24
$20.7M
Q2 24
$49.3M
$21.9M
Q1 24
$22.6M

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
IDN
IDN
Operating Cash FlowLast quarter
$2.6M
$2.4M
Free Cash FlowOCF − Capex
$2.4M
FCF MarginFCF / Revenue
36.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.54×
TTM Free Cash FlowTrailing 4 quarters
$4.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHAT
BHAT
IDN
IDN
Q4 25
$2.4M
Q3 25
$-1.7M
Q2 25
$2.6M
$3.1M
Q1 25
$750.0K
Q4 24
$-1.3M
Q3 24
$-1.1M
Q2 24
$-1.2M
Q1 24
$869.0K
Free Cash Flow
BHAT
BHAT
IDN
IDN
Q4 25
$2.4M
Q3 25
$-1.8M
Q2 25
$3.1M
Q1 25
$741.0K
Q4 24
$-1.3M
Q3 24
$-1.1M
Q2 24
$-1.2M
Q1 24
$860.0K
FCF Margin
BHAT
BHAT
IDN
IDN
Q4 25
36.0%
Q3 25
-29.2%
Q2 25
60.9%
Q1 25
15.1%
Q4 24
-22.4%
Q3 24
-23.1%
Q2 24
-25.5%
Q1 24
18.4%
Capex Intensity
BHAT
BHAT
IDN
IDN
Q4 25
0.1%
Q3 25
0.4%
Q2 25
0.3%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.6%
Q2 24
0.2%
Q1 24
0.2%
Cash Conversion
BHAT
BHAT
IDN
IDN
Q4 25
1.54×
Q3 25
-5.99×
Q2 25
Q1 25
Q4 24
-2.71×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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