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Side-by-side financial comparison of BIOHARVEST SCIENCES INC. (BHST) and Red Cat Holdings, Inc. (RCAT). Click either name above to swap in a different company.

Red Cat Holdings, Inc. is the larger business by last-quarter revenue ($9.6M vs $8.4M, roughly 1.1× BIOHARVEST SCIENCES INC.).

BioHarvest Sciences Inc. is a biotechnology firm that develops and produces sustainable, high-purity plant-derived bioactive ingredients. It serves the nutraceutical, cosmetics, and pharmaceutical sectors, leveraging proprietary cell cultivation technology to create efficacious natural products without large-scale agricultural farming.

Mega Cat Studios is an American video game development and publishing company located in Pittsburgh, Pennsylvania. It was founded in 2015 by James Deighan, Nick Mann, and Zack Manko.

BHST vs RCAT — Head-to-Head

Bigger by revenue
RCAT
RCAT
1.1× larger
RCAT
$9.6M
$8.4M
BHST

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
BHST
BHST
RCAT
RCAT
Revenue
$8.4M
$9.6M
Net Profit
$-16.0M
Gross Margin
60.3%
6.6%
Operating Margin
-181.7%
Net Margin
-166.0%
Revenue YoY
988.2%
Net Profit YoY
-29.0%
EPS (diluted)
$-0.16

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
BHST
BHST
RCAT
RCAT
Q3 25
$8.4M
$9.6M
Q2 25
$8.1M
Q1 25
$7.7M
$1.6M
Q4 24
$0
Q3 24
$6.5M
Q2 24
$6.0M
Q1 24
$5.8M
Q2 22
$1.3M
Net Profit
BHST
BHST
RCAT
RCAT
Q3 25
$-16.0M
Q2 25
Q1 25
$-23.1M
Q4 24
$-13.3M
Q3 24
Q2 24
Q1 24
$-5.5M
Q2 22
$-4.8M
Gross Margin
BHST
BHST
RCAT
RCAT
Q3 25
60.3%
6.6%
Q2 25
60.0%
Q1 25
58.2%
-52.2%
Q4 24
Q3 24
Q2 24
Q1 24
18.8%
Q2 22
25.2%
Operating Margin
BHST
BHST
RCAT
RCAT
Q3 25
-181.7%
Q2 25
Q1 25
-765.7%
Q4 24
Q3 24
Q2 24
Q1 24
-76.0%
Q2 22
Net Margin
BHST
BHST
RCAT
RCAT
Q3 25
-166.0%
Q2 25
Q1 25
-1418.9%
Q4 24
Q3 24
Q2 24
Q1 24
-93.9%
Q2 22
-367.8%
EPS (diluted)
BHST
BHST
RCAT
RCAT
Q3 25
$-0.16
Q2 25
Q1 25
$-0.27
Q4 24
Q3 24
Q2 24
Q1 24
Q2 22

Balance Sheet & Financial Strength

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

Metric
BHST
BHST
RCAT
RCAT
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$253.3M
Total Assets
$286.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
BHST
BHST
RCAT
RCAT
Q3 25
$253.3M
Q2 25
Q1 25
$28.9M
Q4 24
$27.0M
Q3 24
Q2 24
Q1 24
$49.6M
Q2 22
Total Assets
BHST
BHST
RCAT
RCAT
Q3 25
$286.0M
Q2 25
Q1 25
$59.7M
Q4 24
$51.1M
Q3 24
Q2 24
Q1 24
$55.3M
Q2 22
$85.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BHST
BHST
RCAT
RCAT
Operating Cash FlowLast quarter
$-23.9M
Free Cash FlowOCF − Capex
$-24.5M
FCF MarginFCF / Revenue
-254.2%
Capex IntensityCapex / Revenue
6.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-55.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHST
BHST
RCAT
RCAT
Q3 25
$-23.9M
Q2 25
Q1 25
$-15.9M
Q4 24
$-10.1M
Q3 24
Q2 24
Q1 24
$-4.1M
Q2 22
$-4.0M
Free Cash Flow
BHST
BHST
RCAT
RCAT
Q3 25
$-24.5M
Q2 25
Q1 25
$-16.2M
Q4 24
$-10.2M
Q3 24
Q2 24
Q1 24
$-4.2M
Q2 22
FCF Margin
BHST
BHST
RCAT
RCAT
Q3 25
-254.2%
Q2 25
Q1 25
-992.9%
Q4 24
Q3 24
Q2 24
Q1 24
-71.1%
Q2 22
Capex Intensity
BHST
BHST
RCAT
RCAT
Q3 25
6.9%
Q2 25
Q1 25
16.8%
Q4 24
Q3 24
Q2 24
Q1 24
0.8%
Q2 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

BHST
BHST

Segment breakdown not available.

RCAT
RCAT

Products$8.5M88%
Services$1.2M12%

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