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

Xilio Therapeutics, Inc. is the larger business by last-quarter revenue ($13.7M vs $13.1M, roughly 1.0× Blue Hat Interactive Entertainment Technology). Xilio Therapeutics, Inc. runs the higher net margin — 75.7% vs -9.9%, a 85.6% 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.

Xilio Therapeutics is a clinical-stage biotechnology company dedicated to developing novel tumor-selective immunotherapies for cancer treatment. Its product pipeline features candidates engineered to trigger anti-tumor immune responses specifically inside tumor microenvironments, reducing systemic toxicities, and it primarily targets oncology patient populations in North America and other global markets.

BHAT vs XLO — Head-to-Head

Bigger by revenue
XLO
XLO
1.0× larger
XLO
$13.7M
$13.1M
BHAT
Higher net margin
XLO
XLO
85.6% more per $
XLO
75.7%
-9.9%
BHAT

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BHAT
BHAT
XLO
XLO
Revenue
$13.1M
$13.7M
Net Profit
$-1.3M
$10.4M
Gross Margin
8.3%
Operating Margin
-9.4%
-86.5%
Net Margin
-9.9%
75.7%
Revenue YoY
Net Profit YoY
179.1%
EPS (diluted)
$-3.74

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
XLO
XLO
Q4 25
$13.7M
Q3 25
$19.1M
Q2 25
$13.1M
$8.1M
Q1 25
$2.9M
Q2 24
$46.3M
Net Profit
BHAT
BHAT
XLO
XLO
Q4 25
$10.4M
Q3 25
$-16.3M
Q2 25
$-1.3M
$-15.8M
Q1 25
$-13.3M
Q2 24
$-4.4M
Gross Margin
BHAT
BHAT
XLO
XLO
Q4 25
Q3 25
Q2 25
8.3%
Q1 25
Q2 24
0.2%
Operating Margin
BHAT
BHAT
XLO
XLO
Q4 25
-86.5%
Q3 25
-10.1%
Q2 25
-9.4%
-177.7%
Q1 25
-472.7%
Q2 24
-8.8%
Net Margin
BHAT
BHAT
XLO
XLO
Q4 25
75.7%
Q3 25
-85.4%
Q2 25
-9.9%
-196.0%
Q1 25
-452.7%
Q2 24
-9.4%
EPS (diluted)
BHAT
BHAT
XLO
XLO
Q4 25
$-3.74
Q3 25
$-0.11
Q2 25
$-0.16
Q1 25
$-0.18
Q2 24

Balance Sheet & Financial Strength

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

Metric
BHAT
BHAT
XLO
XLO
Cash + ST InvestmentsLiquidity on hand
$14.3K
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$32.1M
$35.3M
Total Assets
$75.2M
$154.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHAT
BHAT
XLO
XLO
Q4 25
$137.5M
Q3 25
$103.8M
Q2 25
$14.3K
$121.6M
Q1 25
$89.1M
Q2 24
$407.6K
Stockholders' Equity
BHAT
BHAT
XLO
XLO
Q4 25
$35.3M
Q3 25
$-8.1M
Q2 25
$32.1M
$7.1M
Q1 25
$10.7M
Q2 24
$40.6M
Total Assets
BHAT
BHAT
XLO
XLO
Q4 25
$154.7M
Q3 25
$133.7M
Q2 25
$75.2M
$133.8M
Q1 25
$103.7M
Q2 24
$49.3M

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
XLO
XLO
Operating Cash FlowLast quarter
$2.6M
$-2.0M
Free Cash FlowOCF − Capex
$-2.1M
FCF MarginFCF / Revenue
-15.3%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHAT
BHAT
XLO
XLO
Q4 25
$-2.0M
Q3 25
$-17.5M
Q2 25
$2.6M
$-14.5M
Q1 25
$29.0M
Q2 24
Free Cash Flow
BHAT
BHAT
XLO
XLO
Q4 25
$-2.1M
Q3 25
Q2 25
$-14.9M
Q1 25
$29.0M
Q2 24
FCF Margin
BHAT
BHAT
XLO
XLO
Q4 25
-15.3%
Q3 25
Q2 25
-184.0%
Q1 25
988.3%
Q2 24
Capex Intensity
BHAT
BHAT
XLO
XLO
Q4 25
0.7%
Q3 25
0.0%
Q2 25
5.0%
Q1 25
0.8%
Q2 24
Cash Conversion
BHAT
BHAT
XLO
XLO
Q4 25
-0.19×
Q3 25
Q2 25
Q1 25
Q2 24

Financial Flow Comparison

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

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