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Side-by-side financial comparison of Blue Hat Interactive Entertainment Technology (BHAT) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP is the larger business by last-quarter revenue ($23.6M vs $13.1M, roughly 1.8× Blue Hat Interactive Entertainment Technology). Blue Hat Interactive Entertainment Technology runs the higher net margin — -9.9% vs -677.3%, a 667.4% 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.

New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.

BHAT vs NEN — Head-to-Head

Bigger by revenue
NEN
NEN
1.8× larger
NEN
$23.6M
$13.1M
BHAT
Higher net margin
BHAT
BHAT
667.4% more per $
BHAT
-9.9%
-677.3%
NEN

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BHAT
BHAT
NEN
NEN
Revenue
$13.1M
$23.6M
Net Profit
$-1.3M
$-1.4M
Gross Margin
8.3%
Operating Margin
-9.4%
14.0%
Net Margin
-9.9%
-677.3%
Revenue YoY
15.7%
Net Profit YoY
-133.0%
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
NEN
NEN
Q4 25
$23.6M
Q3 25
$23.7M
Q2 25
$13.1M
$21.2M
Q1 25
$20.7M
Q4 24
$20.4M
Q3 24
$20.2M
Q2 24
$46.3M
$20.1M
Q1 24
$19.9M
Net Profit
BHAT
BHAT
NEN
NEN
Q4 25
$-1.4M
Q3 25
$-521.8K
Q2 25
$-1.3M
$4.1M
Q1 25
$3.8M
Q4 24
$4.2M
Q3 24
$3.9M
Q2 24
$-4.4M
$4.1M
Q1 24
$3.5M
Gross Margin
BHAT
BHAT
NEN
NEN
Q4 25
Q3 25
Q2 25
8.3%
Q1 25
Q4 24
Q3 24
Q2 24
0.2%
Q1 24
Operating Margin
BHAT
BHAT
NEN
NEN
Q4 25
14.0%
Q3 25
20.0%
Q2 25
-9.4%
33.3%
Q1 25
30.1%
Q4 24
32.4%
Q3 24
32.0%
Q2 24
-8.8%
32.6%
Q1 24
28.9%
Net Margin
BHAT
BHAT
NEN
NEN
Q4 25
-677.3%
Q3 25
-2.2%
Q2 25
-9.9%
19.5%
Q1 25
18.3%
Q4 24
20.7%
Q3 24
19.3%
Q2 24
-9.4%
20.3%
Q1 24
17.4%

Balance Sheet & Financial Strength

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

Metric
BHAT
BHAT
NEN
NEN
Cash + ST InvestmentsLiquidity on hand
$14.3K
$26.7M
Total DebtLower is stronger
$531.0M
Stockholders' EquityBook value
$32.1M
Total Assets
$75.2M
$505.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHAT
BHAT
NEN
NEN
Q4 25
$26.7M
Q3 25
$13.4M
Q2 25
$14.3K
$16.7M
Q1 25
$30.9M
Q4 24
$17.6M
Q3 24
$15.1M
Q2 24
$407.6K
$13.5M
Q1 24
$28.8M
Total Debt
BHAT
BHAT
NEN
NEN
Q4 25
$531.0M
Q3 25
$514.2M
Q2 25
$514.3M
Q1 25
$407.8M
Q4 24
$408.6M
Q3 24
$409.3M
Q2 24
$410.0M
Q1 24
$410.7M
Stockholders' Equity
BHAT
BHAT
NEN
NEN
Q4 25
Q3 25
Q2 25
$32.1M
Q1 25
Q4 24
Q3 24
Q2 24
$40.6M
Q1 24
Total Assets
BHAT
BHAT
NEN
NEN
Q4 25
$505.3M
Q3 25
$492.9M
Q2 25
$75.2M
$494.8M
Q1 25
$385.2M
Q4 24
$393.5M
Q3 24
$387.4M
Q2 24
$49.3M
$383.7M
Q1 24
$381.2M

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
NEN
NEN
Operating Cash FlowLast quarter
$2.6M
$27.7M
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
NEN
NEN
Q4 25
$27.7M
Q3 25
$2.3M
Q2 25
$2.6M
$12.5M
Q1 25
$5.5M
Q4 24
$31.9M
Q3 24
$8.5M
Q2 24
$5.4M
Q1 24
$6.1M
Cash Conversion
BHAT
BHAT
NEN
NEN
Q4 25
Q3 25
Q2 25
3.02×
Q1 25
1.44×
Q4 24
7.57×
Q3 24
2.17×
Q2 24
1.32×
Q1 24
1.77×

Financial Flow Comparison

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

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