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Side-by-side financial comparison of bioAffinity Technologies, Inc. (BIAF) and ReTo Eco-Solutions, Inc. (RETO). Click either name above to swap in a different company.

bioAffinity Technologies, Inc. is the larger business by last-quarter revenue ($1.6M vs $1.0M, roughly 1.5× ReTo Eco-Solutions, Inc.). ReTo Eco-Solutions, Inc. runs the higher net margin — -131.6% vs -197.0%, a 65.4% gap on every dollar of revenue. On growth, ReTo Eco-Solutions, Inc. posted the faster year-over-year revenue change (36.6% vs -27.8%). ReTo Eco-Solutions, Inc. produced more free cash flow last quarter ($-1.7M vs $-2.6M).

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.

ReTo Eco-Solutions, Inc. develops and supplies eco-friendly construction materials, environmental remediation services, and solid waste treatment solutions. Its core offerings include recycled construction aggregates, soil improvement products, and ecological restoration systems, primarily serving infrastructure, real estate, and environmental conservation sectors across the Chinese market.

BIAF vs RETO — Head-to-Head

Bigger by revenue
BIAF
BIAF
1.5× larger
BIAF
$1.6M
$1.0M
RETO
Growing faster (revenue YoY)
RETO
RETO
+64.4% gap
RETO
36.6%
-27.8%
BIAF
Higher net margin
RETO
RETO
65.4% more per $
RETO
-131.6%
-197.0%
BIAF
More free cash flow
RETO
RETO
$908.3K more FCF
RETO
$-1.7M
$-2.6M
BIAF

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BIAF
BIAF
RETO
RETO
Revenue
$1.6M
$1.0M
Net Profit
$-3.1M
$-1.4M
Gross Margin
17.7%
Operating Margin
-196.9%
-133.0%
Net Margin
-197.0%
-131.6%
Revenue YoY
-27.8%
36.6%
Net Profit YoY
-5.7%
-103.5%
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
RETO
RETO
Q4 25
$1.6M
Q3 25
$1.4M
Q2 25
$1.3M
$1.0M
Q1 25
$1.9M
Q4 24
$2.2M
Q3 24
$2.4M
Q2 24
$2.4M
$768.4K
Q1 24
$2.4M
Net Profit
BIAF
BIAF
RETO
RETO
Q4 25
$-3.1M
Q3 25
$-5.1M
Q2 25
$-4.1M
$-1.4M
Q1 25
$-2.7M
Q4 24
$-3.0M
Q3 24
$-2.0M
Q2 24
$-2.1M
$-678.5K
Q1 24
$-2.0M
Gross Margin
BIAF
BIAF
RETO
RETO
Q4 25
Q3 25
Q2 25
17.7%
Q1 25
Q4 24
Q3 24
Q2 24
43.3%
Q1 24
Operating Margin
BIAF
BIAF
RETO
RETO
Q4 25
-196.9%
Q3 25
-158.6%
Q2 25
-198.2%
-133.0%
Q1 25
-141.7%
Q4 24
-133.5%
Q3 24
-84.0%
Q2 24
-87.1%
-68.0%
Q1 24
-80.8%
Net Margin
BIAF
BIAF
RETO
RETO
Q4 25
-197.0%
Q3 25
-349.3%
Q2 25
-319.9%
-131.6%
Q1 25
-143.5%
Q4 24
-134.4%
Q3 24
-85.1%
Q2 24
-88.0%
-88.3%
Q1 24
-81.5%
EPS (diluted)
BIAF
BIAF
RETO
RETO
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
$-0.25
Q1 24
$-0.20

Balance Sheet & Financial Strength

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

Metric
BIAF
BIAF
RETO
RETO
Cash + ST InvestmentsLiquidity on hand
$6.4M
$2.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.3M
$30.4M
Total Assets
$11.0M
$41.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIAF
BIAF
RETO
RETO
Q4 25
$6.4M
Q3 25
$7.7M
Q2 25
$802.8K
$2.5M
Q1 25
$444.7K
Q4 24
$1.1M
Q3 24
$756.6K
Q2 24
$801.3K
$1.6M
Q1 24
$2.5M
Stockholders' Equity
BIAF
BIAF
RETO
RETO
Q4 25
$7.3M
Q3 25
$8.9M
Q2 25
$-2.1M
$30.4M
Q1 25
$1.4M
Q4 24
$2.6M
Q3 24
$3.1M
Q2 24
$3.4M
$13.3M
Q1 24
$5.3M
Total Assets
BIAF
BIAF
RETO
RETO
Q4 25
$11.0M
Q3 25
$11.5M
Q2 25
$4.8M
$41.4M
Q1 25
$5.5M
Q4 24
$6.5M
Q3 24
$6.6M
Q2 24
$6.7M
$33.7M
Q1 24
$8.0M

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
RETO
RETO
Operating Cash FlowLast quarter
$-2.6M
$-1.6M
Free Cash FlowOCF − Capex
$-2.6M
$-1.7M
FCF MarginFCF / Revenue
-160.7%
-157.4%
Capex IntensityCapex / Revenue
0.0%
5.1%
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
RETO
RETO
Q4 25
$-2.6M
Q3 25
$-2.5M
Q2 25
$-2.6M
$-1.6M
Q1 25
$-1.6M
Q4 24
$-1.7M
Q3 24
$-1.7M
Q2 24
$-1.5M
$-4.8M
Q1 24
$-2.3M
Free Cash Flow
BIAF
BIAF
RETO
RETO
Q4 25
$-2.6M
Q3 25
$-2.5M
Q2 25
$-2.7M
$-1.7M
Q1 25
$-1.7M
Q4 24
$-1.7M
Q3 24
$-1.7M
Q2 24
$-1.6M
Q1 24
$-2.4M
FCF Margin
BIAF
BIAF
RETO
RETO
Q4 25
-160.7%
Q3 25
-171.8%
Q2 25
-209.6%
-157.4%
Q1 25
-91.3%
Q4 24
-76.0%
Q3 24
-73.1%
Q2 24
-65.1%
Q1 24
-99.2%
Capex Intensity
BIAF
BIAF
RETO
RETO
Q4 25
0.0%
Q3 25
0.3%
Q2 25
1.1%
5.1%
Q1 25
2.7%
Q4 24
0.0%
Q3 24
0.4%
Q2 24
1.2%
Q1 24
1.7%

Financial Flow Comparison

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

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