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Side-by-side financial comparison of bioAffinity Technologies, Inc. (BIAF) and NORTH EUROPEAN OIL ROYALTY TRUST (NRT). Click either name above to swap in a different company.

NORTH EUROPEAN OIL ROYALTY TRUST is the larger business by last-quarter revenue ($2.2M vs $1.6M, roughly 1.4× bioAffinity Technologies, Inc.). NORTH EUROPEAN OIL ROYALTY TRUST runs the higher net margin — 87.2% vs -197.0%, a 284.2% gap on every dollar of revenue. On growth, NORTH EUROPEAN OIL ROYALTY TRUST posted the faster year-over-year revenue change (329.5% vs -27.8%).

bioAffinity Technologies, Inc. is a clinical-stage biotechnology firm focused on developing non-invasive in vitro diagnostic tests for early detection of cancer and respiratory diseases. It serves global healthcare markets, with a core mission to deliver accessible, high-accuracy diagnostic solutions that improve patient outcomes and reduce overall healthcare system costs.

North European Oil Royalty Trust is a publicly traded royalty trust holding overriding royalty interests in North Sea oil and gas producing properties. It earns revenue from its assets' production sales, distributing nearly all net income to unitholders regularly, with no active drilling or exploration operations.

BIAF vs NRT — Head-to-Head

Bigger by revenue
NRT
NRT
1.4× larger
NRT
$2.2M
$1.6M
BIAF
Growing faster (revenue YoY)
NRT
NRT
+357.3% gap
NRT
329.5%
-27.8%
BIAF
Higher net margin
NRT
NRT
284.2% more per $
NRT
87.2%
-197.0%
BIAF

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BIAF
BIAF
NRT
NRT
Revenue
$1.6M
$2.2M
Net Profit
$-3.1M
$1.9M
Gross Margin
Operating Margin
-196.9%
Net Margin
-197.0%
87.2%
Revenue YoY
-27.8%
329.5%
Net Profit YoY
-5.7%
581.3%
EPS (diluted)
$-3.59

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
BIAF
BIAF
NRT
NRT
Q1 26
$2.2M
Q4 25
$1.6M
Q3 25
$1.4M
Q2 25
$1.3M
Q1 25
$1.9M
$519.4K
Q4 24
$2.2M
Q3 24
$2.4M
Q2 24
$2.4M
Net Profit
BIAF
BIAF
NRT
NRT
Q1 26
$1.9M
Q4 25
$-3.1M
Q3 25
$-5.1M
Q2 25
$-4.1M
Q1 25
$-2.7M
$285.5K
Q4 24
$-3.0M
Q3 24
$-2.0M
Q2 24
$-2.1M
Operating Margin
BIAF
BIAF
NRT
NRT
Q1 26
Q4 25
-196.9%
Q3 25
-158.6%
Q2 25
-198.2%
Q1 25
-141.7%
Q4 24
-133.5%
Q3 24
-84.0%
Q2 24
-87.1%
Net Margin
BIAF
BIAF
NRT
NRT
Q1 26
87.2%
Q4 25
-197.0%
Q3 25
-349.3%
Q2 25
-319.9%
Q1 25
-143.5%
55.0%
Q4 24
-134.4%
Q3 24
-85.1%
Q2 24
-88.0%
EPS (diluted)
BIAF
BIAF
NRT
NRT
Q1 26
Q4 25
$-3.59
Q3 25
$-4.74
Q2 25
$-0.17
Q1 25
$-0.16
Q4 24
$-17.27
Q3 24
$-4.84
Q2 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
BIAF
BIAF
NRT
NRT
Cash + ST InvestmentsLiquidity on hand
$6.4M
$3.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.3M
Total Assets
$11.0M
$3.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIAF
BIAF
NRT
NRT
Q1 26
$3.9M
Q4 25
$6.4M
Q3 25
$7.7M
Q2 25
$802.8K
Q1 25
$444.7K
Q4 24
$1.1M
Q3 24
$756.6K
Q2 24
$801.3K
Stockholders' Equity
BIAF
BIAF
NRT
NRT
Q1 26
Q4 25
$7.3M
Q3 25
$8.9M
Q2 25
$-2.1M
Q1 25
$1.4M
Q4 24
$2.6M
Q3 24
$3.1M
Q2 24
$3.4M
Total Assets
BIAF
BIAF
NRT
NRT
Q1 26
$3.9M
Q4 25
$11.0M
Q3 25
$11.5M
Q2 25
$4.8M
Q1 25
$5.5M
Q4 24
$6.5M
Q3 24
$6.6M
Q2 24
$6.7M

Cash Flow & Capital Efficiency

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

Metric
BIAF
BIAF
NRT
NRT
Operating Cash FlowLast quarter
$-2.6M
Free Cash FlowOCF − Capex
$-2.6M
FCF MarginFCF / Revenue
-160.7%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIAF
BIAF
NRT
NRT
Q1 26
Q4 25
$-2.6M
Q3 25
$-2.5M
Q2 25
$-2.6M
Q1 25
$-1.6M
Q4 24
$-1.7M
Q3 24
$-1.7M
Q2 24
$-1.5M
Free Cash Flow
BIAF
BIAF
NRT
NRT
Q1 26
Q4 25
$-2.6M
Q3 25
$-2.5M
Q2 25
$-2.7M
Q1 25
$-1.7M
Q4 24
$-1.7M
Q3 24
$-1.7M
Q2 24
$-1.6M
FCF Margin
BIAF
BIAF
NRT
NRT
Q1 26
Q4 25
-160.7%
Q3 25
-171.8%
Q2 25
-209.6%
Q1 25
-91.3%
Q4 24
-76.0%
Q3 24
-73.1%
Q2 24
-65.1%
Capex Intensity
BIAF
BIAF
NRT
NRT
Q1 26
Q4 25
0.0%
Q3 25
0.3%
Q2 25
1.1%
Q1 25
2.7%
Q4 24
0.0%
Q3 24
0.4%
Q2 24
1.2%

Financial Flow Comparison

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

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