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Side-by-side financial comparison of BIOLIFE SOLUTIONS INC (BLFS) and Metalpha Technology Holding Ltd (MATH). Click either name above to swap in a different company.

BIOLIFE SOLUTIONS INC is the larger business by last-quarter revenue ($18.8M vs $12.0M, roughly 1.6× Metalpha Technology Holding Ltd). BIOLIFE SOLUTIONS INC runs the higher net margin — 58.9% vs -24.0%, a 82.9% gap on every dollar of revenue. On growth, BIOLIFE SOLUTIONS INC posted the faster year-over-year revenue change (24.3% vs -39.0%).

Biolife Solutions Inc. develops, manufactures and distributes specialized biopreservation products and cold chain management solutions for the cell and gene therapy, biopharmaceutical and regenerative medicine industries. It offers cryopreservation media, automated thawing systems, and temperature monitoring tools, serving biotech firms, research institutions and clinical labs globally.

Metalpha Technology Holding Ltd is a global fintech firm specializing in digital asset wealth management, institutional-grade crypto investment services, and Web3 ecosystem infrastructure support. It serves professional investors, financial institutions, and high-net-worth clients across Asia, North America and Europe, with core segments including structured digital asset products, risk management solutions and DeFi technology development.

BLFS vs MATH — Head-to-Head

Bigger by revenue
BLFS
BLFS
1.6× larger
BLFS
$18.8M
$12.0M
MATH
Growing faster (revenue YoY)
BLFS
BLFS
+63.4% gap
BLFS
24.3%
-39.0%
MATH
Higher net margin
BLFS
BLFS
82.9% more per $
BLFS
58.9%
-24.0%
MATH

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BLFS
BLFS
MATH
MATH
Revenue
$18.8M
$12.0M
Net Profit
$11.1M
$-2.9M
Gross Margin
28.3%
Operating Margin
7.2%
-24.2%
Net Margin
58.9%
-24.0%
Revenue YoY
24.3%
-39.0%
Net Profit YoY
-11.1%
-147.7%
EPS (diluted)
$0.23
$-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
BLFS
BLFS
MATH
MATH
Q4 25
$18.8M
Q3 25
$28.1M
$12.0M
Q2 25
$25.4M
Q1 25
$23.9M
$24.8M
Q4 24
$15.1M
Q3 24
$21.4M
$19.7M
Q2 24
$19.7M
Q1 24
$18.4M
Net Profit
BLFS
BLFS
MATH
MATH
Q4 25
$11.1M
Q3 25
$621.0K
$-2.9M
Q2 25
$-15.8M
Q1 25
$-448.0K
$9.8M
Q4 24
$12.5M
Q3 24
$-1.7M
$6.0M
Q2 24
$-20.7M
Q1 24
$-10.2M
Gross Margin
BLFS
BLFS
MATH
MATH
Q4 25
Q3 25
28.3%
Q2 25
Q1 25
85.7%
Q4 24
Q3 24
49.5%
Q2 24
Q1 24
Operating Margin
BLFS
BLFS
MATH
MATH
Q4 25
7.2%
Q3 25
-0.3%
-24.2%
Q2 25
-65.5%
Q1 25
-5.1%
39.3%
Q4 24
3.6%
Q3 24
-2.0%
38.9%
Q2 24
-6.6%
Q1 24
-17.9%
Net Margin
BLFS
BLFS
MATH
MATH
Q4 25
58.9%
Q3 25
2.2%
-24.0%
Q2 25
-62.3%
Q1 25
-1.9%
39.6%
Q4 24
82.5%
Q3 24
-8.0%
30.7%
Q2 24
-105.1%
Q1 24
-55.4%
EPS (diluted)
BLFS
BLFS
MATH
MATH
Q4 25
$0.23
Q3 25
$0.01
$-0.07
Q2 25
$-0.33
Q1 25
$-0.01
$0.25
Q4 24
$0.27
Q3 24
$-0.04
$0.16
Q2 24
$-0.45
Q1 24
$-0.22

Balance Sheet & Financial Strength

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

Metric
BLFS
BLFS
MATH
MATH
Cash + ST InvestmentsLiquidity on hand
$33.0M
$10.1M
Total DebtLower is stronger
$5.0M
$101.2K
Stockholders' EquityBook value
$371.9M
$35.1M
Total Assets
$405.9M
$413.8M
Debt / EquityLower = less leverage
0.01×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLFS
BLFS
MATH
MATH
Q4 25
$33.0M
Q3 25
$29.5M
$10.1M
Q2 25
$31.9M
Q1 25
$66.9M
$6.9M
Q4 24
$91.5M
Q3 24
$24.0M
$3.8M
Q2 24
$22.0M
Q1 24
$29.7M
Total Debt
BLFS
BLFS
MATH
MATH
Q4 25
$5.0M
Q3 25
$7.5M
$101.2K
Q2 25
$10.1M
Q1 25
$12.9M
$188.0K
Q4 24
$15.9M
Q3 24
$20.1M
$275.1K
Q2 24
$21.1M
Q1 24
$24.3M
Stockholders' Equity
BLFS
BLFS
MATH
MATH
Q4 25
$371.9M
Q3 25
$353.7M
$35.1M
Q2 25
$347.2M
Q1 25
$352.6M
$36.6M
Q4 24
$348.9M
Q3 24
$325.5M
$25.3M
Q2 24
$321.4M
Q1 24
$333.4M
Total Assets
BLFS
BLFS
MATH
MATH
Q4 25
$405.9M
Q3 25
$392.1M
$413.8M
Q2 25
$387.2M
Q1 25
$395.1M
$246.8M
Q4 24
$399.5M
Q3 24
$381.7M
$237.2M
Q2 24
$375.0M
Q1 24
$401.6M
Debt / Equity
BLFS
BLFS
MATH
MATH
Q4 25
0.01×
Q3 25
0.02×
0.00×
Q2 25
0.03×
Q1 25
0.04×
0.01×
Q4 24
0.05×
Q3 24
0.06×
0.01×
Q2 24
0.07×
Q1 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
BLFS
BLFS
MATH
MATH
Operating Cash FlowLast quarter
$4.9M
$3.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.44×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLFS
BLFS
MATH
MATH
Q4 25
$4.9M
Q3 25
$6.1M
$3.3M
Q2 25
$7.4M
Q1 25
$1.7M
$16.2M
Q4 24
$1.6M
Q3 24
$4.8M
$-16.1M
Q2 24
$6.5M
Q1 24
$-4.5M
Cash Conversion
BLFS
BLFS
MATH
MATH
Q4 25
0.44×
Q3 25
9.83×
Q2 25
Q1 25
1.64×
Q4 24
0.13×
Q3 24
-2.66×
Q2 24
Q1 24

Financial Flow Comparison

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

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