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Side-by-side financial comparison of Blue Hat Interactive Entertainment Technology (BHAT) and Valens Semiconductor Ltd. (VLN). Click either name above to swap in a different company.

Valens Semiconductor Ltd. is the larger business by last-quarter revenue ($17.3M vs $13.1M, roughly 1.3× Blue Hat Interactive Entertainment Technology). Blue Hat Interactive Entertainment Technology runs the higher net margin — -9.9% vs -42.2%, a 32.3% 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.

Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...

BHAT vs VLN — Head-to-Head

Bigger by revenue
VLN
VLN
1.3× larger
VLN
$17.3M
$13.1M
BHAT
Higher net margin
BHAT
BHAT
32.3% more per $
BHAT
-9.9%
-42.2%
VLN

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
BHAT
BHAT
VLN
VLN
Revenue
$13.1M
$17.3M
Net Profit
$-1.3M
$-7.3M
Gross Margin
8.3%
63.0%
Operating Margin
-9.4%
-46.4%
Net Margin
-9.9%
-42.2%
Revenue YoY
8.1%
Net Profit YoY
29.3%
EPS (diluted)
$-0.07

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
VLN
VLN
Q3 25
$17.3M
Q2 25
$13.1M
$17.1M
Q1 25
$16.8M
Q3 24
$16.0M
Q2 24
$46.3M
$13.6M
Q2 23
$24.2M
Q2 22
$22.5M
Net Profit
BHAT
BHAT
VLN
VLN
Q3 25
$-7.3M
Q2 25
$-1.3M
$-7.2M
Q1 25
$-8.3M
Q3 24
$-10.4M
Q2 24
$-4.4M
$-8.9M
Q2 23
$-4.6M
Q2 22
$-10.0M
Gross Margin
BHAT
BHAT
VLN
VLN
Q3 25
63.0%
Q2 25
8.3%
63.5%
Q1 25
62.9%
Q3 24
56.4%
Q2 24
0.2%
61.4%
Q2 23
61.8%
Q2 22
70.2%
Operating Margin
BHAT
BHAT
VLN
VLN
Q3 25
-46.4%
Q2 25
-9.4%
-43.3%
Q1 25
-56.2%
Q3 24
-76.3%
Q2 24
-8.8%
-69.2%
Q2 23
-21.4%
Q2 22
-35.3%
Net Margin
BHAT
BHAT
VLN
VLN
Q3 25
-42.2%
Q2 25
-9.9%
-42.1%
Q1 25
-49.4%
Q3 24
-64.6%
Q2 24
-9.4%
-65.2%
Q2 23
-19.0%
Q2 22
-44.5%
EPS (diluted)
BHAT
BHAT
VLN
VLN
Q3 25
$-0.07
Q2 25
$-0.07
Q1 25
$-0.08
Q3 24
$-0.10
Q2 24
$-0.08
Q2 23
$-0.05
Q2 22
$-0.10

Balance Sheet & Financial Strength

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

Metric
BHAT
BHAT
VLN
VLN
Cash + ST InvestmentsLiquidity on hand
$14.3K
$93.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$32.1M
$108.8M
Total Assets
$75.2M
$136.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHAT
BHAT
VLN
VLN
Q3 25
$93.5M
Q2 25
$14.3K
$102.7M
Q1 25
$112.5M
Q3 24
$133.1M
Q2 24
$407.6K
$105.9M
Q2 23
$138.0M
Q2 22
$46.6M
Stockholders' Equity
BHAT
BHAT
VLN
VLN
Q3 25
$108.8M
Q2 25
$32.1M
$116.5M
Q1 25
$128.6M
Q3 24
$147.0M
Q2 24
$40.6M
$153.5M
Q2 23
$166.3M
Q2 22
$173.2M
Total Assets
BHAT
BHAT
VLN
VLN
Q3 25
$136.7M
Q2 25
$75.2M
$144.8M
Q1 25
$154.6M
Q3 24
$171.9M
Q2 24
$49.3M
$175.8M
Q2 23
$184.3M
Q2 22
$196.2M

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
VLN
VLN
Operating Cash FlowLast quarter
$2.6M
$-4.7M
Free Cash FlowOCF − Capex
$-4.9M
FCF MarginFCF / Revenue
-28.5%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHAT
BHAT
VLN
VLN
Q3 25
$-4.7M
Q2 25
$2.6M
$-211.0K
Q1 25
$-7.6M
Q3 24
$3.0M
Q2 24
$-225.0K
Q2 23
$358.0K
Q2 22
$-4.3M
Free Cash Flow
BHAT
BHAT
VLN
VLN
Q3 25
$-4.9M
Q2 25
$-330.0K
Q1 25
$-8.0M
Q3 24
$2.2M
Q2 24
$-460.0K
Q2 23
$-419.0K
Q2 22
$-4.5M
FCF Margin
BHAT
BHAT
VLN
VLN
Q3 25
-28.5%
Q2 25
-1.9%
Q1 25
-47.3%
Q3 24
14.0%
Q2 24
-3.4%
Q2 23
-1.7%
Q2 22
-20.0%
Capex Intensity
BHAT
BHAT
VLN
VLN
Q3 25
1.6%
Q2 25
0.7%
Q1 25
2.1%
Q3 24
4.5%
Q2 24
1.7%
Q2 23
3.2%
Q2 22
1.1%

Financial Flow Comparison

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

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