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Side-by-side financial comparison of BIOLIFE SOLUTIONS INC (BLFS) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.

NaaS Technology Inc. is the larger business by last-quarter revenue ($25.9M vs $18.8M, roughly 1.4× BIOLIFE SOLUTIONS INC). BIOLIFE SOLUTIONS INC runs the higher net margin — 58.9% vs -193.3%, a 252.2% gap on every dollar of revenue. On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs 24.3%).

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.

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

BLFS vs NAAS — Head-to-Head

Bigger by revenue
NAAS
NAAS
1.4× larger
NAAS
$25.9M
$18.8M
BLFS
Growing faster (revenue YoY)
NAAS
NAAS
+96.9% gap
NAAS
121.2%
24.3%
BLFS
Higher net margin
BLFS
BLFS
252.2% more per $
BLFS
58.9%
-193.3%
NAAS

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
BLFS
BLFS
NAAS
NAAS
Revenue
$18.8M
$25.9M
Net Profit
$11.1M
$-50.0M
Gross Margin
29.2%
Operating Margin
7.2%
-144.2%
Net Margin
58.9%
-193.3%
Revenue YoY
24.3%
121.2%
Net Profit YoY
-11.1%
18.4%
EPS (diluted)
$0.23
$-0.02

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
NAAS
NAAS
Q4 25
$18.8M
Q3 25
$28.1M
Q2 25
$25.4M
Q1 25
$23.9M
Q4 24
$15.1M
Q3 24
$21.4M
Q2 24
$19.7M
$25.9M
Q1 24
$18.4M
Net Profit
BLFS
BLFS
NAAS
NAAS
Q4 25
$11.1M
Q3 25
$621.0K
Q2 25
$-15.8M
Q1 25
$-448.0K
Q4 24
$12.5M
Q3 24
$-1.7M
Q2 24
$-20.7M
$-50.0M
Q1 24
$-10.2M
Gross Margin
BLFS
BLFS
NAAS
NAAS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
29.2%
Q1 24
Operating Margin
BLFS
BLFS
NAAS
NAAS
Q4 25
7.2%
Q3 25
-0.3%
Q2 25
-65.5%
Q1 25
-5.1%
Q4 24
3.6%
Q3 24
-2.0%
Q2 24
-6.6%
-144.2%
Q1 24
-17.9%
Net Margin
BLFS
BLFS
NAAS
NAAS
Q4 25
58.9%
Q3 25
2.2%
Q2 25
-62.3%
Q1 25
-1.9%
Q4 24
82.5%
Q3 24
-8.0%
Q2 24
-105.1%
-193.3%
Q1 24
-55.4%
EPS (diluted)
BLFS
BLFS
NAAS
NAAS
Q4 25
$0.23
Q3 25
$0.01
Q2 25
$-0.33
Q1 25
$-0.01
Q4 24
$0.27
Q3 24
$-0.04
Q2 24
$-0.45
$-0.02
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
NAAS
NAAS
Cash + ST InvestmentsLiquidity on hand
$33.0M
$24.7M
Total DebtLower is stronger
$5.0M
Stockholders' EquityBook value
$371.9M
$-33.4M
Total Assets
$405.9M
$180.2M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLFS
BLFS
NAAS
NAAS
Q4 25
$33.0M
Q3 25
$29.5M
Q2 25
$31.9M
Q1 25
$66.9M
Q4 24
$91.5M
Q3 24
$24.0M
Q2 24
$22.0M
$24.7M
Q1 24
$29.7M
Total Debt
BLFS
BLFS
NAAS
NAAS
Q4 25
$5.0M
Q3 25
$7.5M
Q2 25
$10.1M
Q1 25
$12.9M
Q4 24
$15.9M
Q3 24
$20.1M
Q2 24
$21.1M
Q1 24
$24.3M
Stockholders' Equity
BLFS
BLFS
NAAS
NAAS
Q4 25
$371.9M
Q3 25
$353.7M
Q2 25
$347.2M
Q1 25
$352.6M
Q4 24
$348.9M
Q3 24
$325.5M
Q2 24
$321.4M
$-33.4M
Q1 24
$333.4M
Total Assets
BLFS
BLFS
NAAS
NAAS
Q4 25
$405.9M
Q3 25
$392.1M
Q2 25
$387.2M
Q1 25
$395.1M
Q4 24
$399.5M
Q3 24
$381.7M
Q2 24
$375.0M
$180.2M
Q1 24
$401.6M
Debt / Equity
BLFS
BLFS
NAAS
NAAS
Q4 25
0.01×
Q3 25
0.02×
Q2 25
0.03×
Q1 25
0.04×
Q4 24
0.05×
Q3 24
0.06×
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
NAAS
NAAS
Operating Cash FlowLast quarter
$4.9M
$-25.7M
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
NAAS
NAAS
Q4 25
$4.9M
Q3 25
$6.1M
Q2 25
$7.4M
Q1 25
$1.7M
Q4 24
$1.6M
Q3 24
$4.8M
Q2 24
$6.5M
$-25.7M
Q1 24
$-4.5M
Cash Conversion
BLFS
BLFS
NAAS
NAAS
Q4 25
0.44×
Q3 25
9.83×
Q2 25
Q1 25
Q4 24
0.13×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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