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

Alpine Income Property Trust, Inc. is the larger business by last-quarter revenue ($18.4M vs $13.1M, roughly 1.4× Blue Hat Interactive Entertainment Technology). Alpine Income Property Trust, Inc. runs the higher net margin — 11.9% vs -9.9%, a 21.8% 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.

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.

BHAT vs PINE — Head-to-Head

Bigger by revenue
PINE
PINE
1.4× larger
PINE
$18.4M
$13.1M
BHAT
Higher net margin
PINE
PINE
21.8% more per $
PINE
11.9%
-9.9%
BHAT

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BHAT
BHAT
PINE
PINE
Revenue
$13.1M
$18.4M
Net Profit
$-1.3M
$2.2M
Gross Margin
8.3%
Operating Margin
-9.4%
35.4%
Net Margin
-9.9%
11.9%
Revenue YoY
29.6%
Net Profit YoY
285.3%
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
PINE
PINE
Q1 26
$18.4M
Q4 25
$16.9M
Q3 25
$14.6M
Q2 25
$13.1M
$14.9M
Q1 25
$14.2M
Q4 24
$13.8M
Q3 24
$13.5M
Q2 24
$46.3M
$12.5M
Net Profit
BHAT
BHAT
PINE
PINE
Q1 26
$2.2M
Q4 25
$1.5M
Q3 25
$-1.3M
Q2 25
$-1.3M
$-1.6M
Q1 25
$-1.2M
Q4 24
$-958.0K
Q3 24
$3.1M
Q2 24
$-4.4M
$204.0K
Gross Margin
BHAT
BHAT
PINE
PINE
Q1 26
Q4 25
Q3 25
Q2 25
8.3%
Q1 25
Q4 24
Q3 24
Q2 24
0.2%
Operating Margin
BHAT
BHAT
PINE
PINE
Q1 26
35.4%
Q4 25
35.3%
Q3 25
16.6%
Q2 25
-9.4%
16.8%
Q1 25
16.0%
Q4 24
14.3%
Q3 24
47.9%
Q2 24
-8.8%
24.0%
Net Margin
BHAT
BHAT
PINE
PINE
Q1 26
11.9%
Q4 25
8.7%
Q3 25
-9.0%
Q2 25
-9.9%
-11.0%
Q1 25
-8.3%
Q4 24
-6.9%
Q3 24
22.8%
Q2 24
-9.4%
1.6%
EPS (diluted)
BHAT
BHAT
PINE
PINE
Q1 26
$0.06
Q4 25
$0.07
Q3 25
$-0.09
Q2 25
$-0.12
Q1 25
$-0.08
Q4 24
$-0.06
Q3 24
$0.21
Q2 24
$0.01

Balance Sheet & Financial Strength

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

Metric
BHAT
BHAT
PINE
PINE
Cash + ST InvestmentsLiquidity on hand
$14.3K
$2.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$32.1M
$312.5M
Total Assets
$75.2M
$745.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHAT
BHAT
PINE
PINE
Q1 26
$2.6M
Q4 25
$4.6M
Q3 25
$1.2M
Q2 25
$14.3K
$5.0M
Q1 25
$6.1M
Q4 24
$1.6M
Q3 24
$2.6M
Q2 24
$407.6K
$3.3M
Total Debt
BHAT
BHAT
PINE
PINE
Q1 26
Q4 25
$377.7M
Q3 25
$358.2M
Q2 25
$352.6M
Q1 25
$356.5M
Q4 24
$301.5M
Q3 24
$278.9M
Q2 24
$268.3M
Stockholders' Equity
BHAT
BHAT
PINE
PINE
Q1 26
$312.5M
Q4 25
$279.9M
Q3 25
$223.5M
Q2 25
$32.1M
$229.8M
Q1 25
$240.9M
Q4 24
$253.0M
Q3 24
$248.2M
Q2 24
$40.6M
$244.0M
Total Assets
BHAT
BHAT
PINE
PINE
Q1 26
$745.1M
Q4 25
$715.9M
Q3 25
$621.4M
Q2 25
$75.2M
$628.4M
Q1 25
$647.4M
Q4 24
$605.0M
Q3 24
$579.0M
Q2 24
$49.3M
$565.8M
Debt / Equity
BHAT
BHAT
PINE
PINE
Q1 26
Q4 25
1.35×
Q3 25
1.60×
Q2 25
1.53×
Q1 25
1.48×
Q4 24
1.19×
Q3 24
1.12×
Q2 24
1.10×

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
PINE
PINE
Operating Cash FlowLast quarter
$2.6M
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
PINE
PINE
Q1 26
Q4 25
$25.8M
Q3 25
$8.7M
Q2 25
$2.6M
$9.1M
Q1 25
$5.8M
Q4 24
$23.4M
Q3 24
$6.2M
Q2 24
$8.0M
Free Cash Flow
BHAT
BHAT
PINE
PINE
Q1 26
Q4 25
$-87.8M
Q3 25
$-48.8M
Q2 25
$-3.0M
Q1 25
$-55.5M
Q4 24
$-33.4M
Q3 24
$-43.0M
Q2 24
$-13.5M
FCF Margin
BHAT
BHAT
PINE
PINE
Q1 26
Q4 25
-519.4%
Q3 25
-334.9%
Q2 25
-20.0%
Q1 25
-391.0%
Q4 24
-242.4%
Q3 24
-319.3%
Q2 24
-108.0%
Capex Intensity
BHAT
BHAT
PINE
PINE
Q1 26
Q4 25
671.8%
Q3 25
394.8%
Q2 25
81.2%
Q1 25
432.0%
Q4 24
412.3%
Q3 24
365.4%
Q2 24
172.3%
Cash Conversion
BHAT
BHAT
PINE
PINE
Q1 26
Q4 25
17.48×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
2.02×
Q2 24
39.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BHAT
BHAT

Segment breakdown not available.

PINE
PINE

Lease Income$12.6M68%
Other$5.8M31%
Other Revenue$46.0K0%

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