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Side-by-side financial comparison of Blue Hat Interactive Entertainment Technology (BHAT) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

R F INDUSTRIES LTD is the larger business by last-quarter revenue ($22.7M vs $13.1M, roughly 1.7× Blue Hat Interactive Entertainment Technology). R F INDUSTRIES LTD runs the higher net margin — 0.8% vs -9.9%, a 10.7% 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.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

BHAT vs RFIL — Head-to-Head

Bigger by revenue
RFIL
RFIL
1.7× larger
RFIL
$22.7M
$13.1M
BHAT
Higher net margin
RFIL
RFIL
10.7% more per $
RFIL
0.8%
-9.9%
BHAT

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BHAT
BHAT
RFIL
RFIL
Revenue
$13.1M
$22.7M
Net Profit
$-1.3M
$173.0K
Gross Margin
8.3%
36.8%
Operating Margin
-9.4%
4.0%
Net Margin
-9.9%
0.8%
Revenue YoY
22.9%
Net Profit YoY
172.7%
EPS (diluted)
$0.01

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
RFIL
RFIL
Q4 25
$22.7M
Q3 25
$19.8M
Q2 25
$13.1M
$18.9M
Q1 25
$19.2M
Q4 24
$18.5M
Q3 24
$16.8M
Q2 24
$46.3M
$16.1M
Q1 24
$13.5M
Net Profit
BHAT
BHAT
RFIL
RFIL
Q4 25
$173.0K
Q3 25
$392.0K
Q2 25
$-1.3M
$-245.0K
Q1 25
$-245.0K
Q4 24
$-238.0K
Q3 24
$-705.0K
Q2 24
$-4.4M
$-4.3M
Q1 24
$-1.4M
Gross Margin
BHAT
BHAT
RFIL
RFIL
Q4 25
36.8%
Q3 25
34.0%
Q2 25
8.3%
31.5%
Q1 25
29.8%
Q4 24
31.3%
Q3 24
29.5%
Q2 24
0.2%
29.9%
Q1 24
24.5%
Operating Margin
BHAT
BHAT
RFIL
RFIL
Q4 25
4.0%
Q3 25
3.6%
Q2 25
-9.4%
0.6%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
-2.5%
Q2 24
-8.8%
-2.6%
Q1 24
-15.5%
Net Margin
BHAT
BHAT
RFIL
RFIL
Q4 25
0.8%
Q3 25
2.0%
Q2 25
-9.9%
-1.3%
Q1 25
-1.3%
Q4 24
-1.3%
Q3 24
-4.2%
Q2 24
-9.4%
-26.7%
Q1 24
-10.1%
EPS (diluted)
BHAT
BHAT
RFIL
RFIL
Q4 25
$0.01
Q3 25
$0.04
Q2 25
$-0.02
Q1 25
$-0.02
Q4 24
$-0.02
Q3 24
$-0.07
Q2 24
$-0.41
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
BHAT
BHAT
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$14.3K
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$32.1M
$35.2M
Total Assets
$75.2M
$73.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHAT
BHAT
RFIL
RFIL
Q4 25
$5.1M
Q3 25
$3.0M
Q2 25
$14.3K
$3.6M
Q1 25
$1.3M
Q4 24
$839.0K
Q3 24
$1.8M
Q2 24
$407.6K
$1.4M
Q1 24
$4.5M
Stockholders' Equity
BHAT
BHAT
RFIL
RFIL
Q4 25
$35.2M
Q3 25
$34.8M
Q2 25
$32.1M
$34.2M
Q1 25
$34.2M
Q4 24
$34.1M
Q3 24
$34.1M
Q2 24
$40.6M
$34.6M
Q1 24
$38.7M
Total Assets
BHAT
BHAT
RFIL
RFIL
Q4 25
$73.0M
Q3 25
$73.2M
Q2 25
$75.2M
$72.7M
Q1 25
$70.4M
Q4 24
$71.0M
Q3 24
$71.9M
Q2 24
$49.3M
$72.8M
Q1 24
$79.1M

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
RFIL
RFIL
Operating Cash FlowLast quarter
$2.6M
$2.1M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
9.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
12.13×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHAT
BHAT
RFIL
RFIL
Q4 25
$2.1M
Q3 25
$-311.0K
Q2 25
$2.6M
$2.2M
Q1 25
$601.0K
Q4 24
$-244.0K
Q3 24
$2.4M
Q2 24
$197.0K
Q1 24
$840.0K
Free Cash Flow
BHAT
BHAT
RFIL
RFIL
Q4 25
$2.0M
Q3 25
$-419.0K
Q2 25
$2.2M
Q1 25
$574.0K
Q4 24
$-418.0K
Q3 24
$2.1M
Q2 24
$28.0K
Q1 24
$697.0K
FCF Margin
BHAT
BHAT
RFIL
RFIL
Q4 25
9.0%
Q3 25
-2.1%
Q2 25
11.4%
Q1 25
3.0%
Q4 24
-2.3%
Q3 24
12.6%
Q2 24
0.2%
Q1 24
5.2%
Capex Intensity
BHAT
BHAT
RFIL
RFIL
Q4 25
0.3%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.9%
Q3 24
1.5%
Q2 24
1.0%
Q1 24
1.1%
Cash Conversion
BHAT
BHAT
RFIL
RFIL
Q4 25
12.13×
Q3 25
-0.79×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BHAT
BHAT

Segment breakdown not available.

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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