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Side-by-side financial comparison of Beeline Holdings, Inc. (BLNE) and EMERSON RADIO CORP (MSN). Click either name above to swap in a different company.
EMERSON RADIO CORP is the larger business by last-quarter revenue ($1.9M vs $1.9M, roughly 1.0× Beeline Holdings, Inc.). EMERSON RADIO CORP runs the higher net margin — -36.7% vs -445.0%, a 408.3% gap on every dollar of revenue. Over the past eight quarters, EMERSON RADIO CORP's revenue compounded faster (-7.3% CAGR vs -33.0%).
Beeline or билайн is a mobile network operator brand operating in Russia under PJSC VimpelCom, and in Kazakhstan, Kyrgyzstan and Uzbekistan under VEON Ltd. Beeline is Russia's fourth-largest mobile network operator, and main competitors being MTS, MegaFon and T2.
Emerson Radio Corporation is one of the United States' largest volume consumer electronics distributors and has a recognized trademark in continuous use since 1912. The company designs, markets, and licenses many product lines worldwide, including products sold, and sometimes licensed, under the brand name G Clef, an homage to Emerson's logo.
BLNE vs MSN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9M | $1.9M |
| Net Profit | $-8.4M | $-694.0K |
| Gross Margin | — | 10.9% |
| Operating Margin | -418.4% | -43.7% |
| Net Margin | -445.0% | -36.7% |
| Revenue YoY | — | -52.8% |
| Net Profit YoY | -16.1% | -31.7% |
| EPS (diluted) | — | $-0.03 |
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.
| Q4 25 | $1.9M | $1.9M | ||
| Q3 25 | $2.3M | $1.2M | ||
| Q2 25 | $1.7M | $1.7M | ||
| Q1 25 | $1.8M | $1.8M | ||
| Q4 24 | — | $4.0M | ||
| Q3 24 | $783.0K | $2.7M | ||
| Q2 24 | $3.1M | $2.2M | ||
| Q1 24 | $2.5M | $2.2M |
| Q4 25 | $-8.4M | $-694.0K | ||
| Q3 25 | $-3.9M | $-1.0M | ||
| Q2 25 | $-4.1M | $-1.1M | ||
| Q1 25 | $-6.8M | $-2.4M | ||
| Q4 24 | — | $-527.0K | ||
| Q3 24 | $-1.4M | $-881.0K | ||
| Q2 24 | $-1.5M | $-962.0K | ||
| Q1 24 | $-1.3M | $-883.0K |
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | -0.1% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | — | 12.3% | ||
| Q3 24 | 25.5% | 9.9% | ||
| Q2 24 | 5.0% | 8.8% | ||
| Q1 24 | 7.5% | 15.9% |
| Q4 25 | -418.4% | -43.7% | ||
| Q3 25 | -120.9% | -98.4% | ||
| Q2 25 | -229.0% | -78.1% | ||
| Q1 25 | -268.7% | -137.8% | ||
| Q4 24 | — | -18.3% | ||
| Q3 24 | -55.6% | -40.8% | ||
| Q2 24 | -11.4% | -55.6% | ||
| Q1 24 | -18.5% | -52.2% |
| Q4 25 | -445.0% | -36.7% | ||
| Q3 25 | -167.2% | -85.8% | ||
| Q2 25 | -237.3% | -68.1% | ||
| Q1 25 | -372.4% | -127.9% | ||
| Q4 24 | — | -13.2% | ||
| Q3 24 | -173.6% | -32.2% | ||
| Q2 24 | -48.6% | -43.8% | ||
| Q1 24 | -52.0% | -40.1% |
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $-0.20 | $-0.05 | ||
| Q2 25 | $-0.64 | $-0.05 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | $-6.60 | $-0.04 | ||
| Q2 24 | $-8.74 | $-0.05 | ||
| Q1 24 | $-0.78 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.1M | $13.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $53.6M | $18.6M |
| Total Assets | $70.2M | $20.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.1M | $13.3M | ||
| Q3 25 | $1.3M | $13.5M | ||
| Q2 25 | $6.3M | $15.5M | ||
| Q1 25 | $1.5M | $16.1M | ||
| Q4 24 | — | $16.4M | ||
| Q3 24 | $310.0K | $16.7M | ||
| Q2 24 | $420.0K | $18.9M | ||
| Q1 24 | $147.0K | $19.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $8.2M | — | ||
| Q2 24 | $8.1M | — | ||
| Q1 24 | $8.1M | — |
| Q4 25 | $53.6M | $18.6M | ||
| Q3 25 | $51.7M | $19.3M | ||
| Q2 25 | $54.6M | $20.4M | ||
| Q1 25 | $47.1M | $21.5M | ||
| Q4 24 | — | $23.9M | ||
| Q3 24 | $-2.5M | $24.4M | ||
| Q2 24 | $-1.9M | $25.3M | ||
| Q1 24 | $-476.0K | $26.2M |
| Q4 25 | $70.2M | $20.1M | ||
| Q3 25 | $63.2M | $20.7M | ||
| Q2 25 | $68.6M | $23.3M | ||
| Q1 25 | $63.8M | $23.5M | ||
| Q4 24 | — | $26.4M | ||
| Q3 24 | $16.2M | $26.6M | ||
| Q2 24 | $16.6M | $28.5M | ||
| Q1 24 | $17.0M | $29.1M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-21.4M | $-228.0K |
| Free Cash FlowOCF − Capex | $-21.5M | — |
| FCF MarginFCF / Revenue | -1143.3% | — |
| Capex IntensityCapex / Revenue | 0.8% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-21.4M | $-228.0K | ||
| Q3 25 | $-5.8M | $-2.0M | ||
| Q2 25 | $-4.1M | $-514.0K | ||
| Q1 25 | $-1.5M | $-391.0K | ||
| Q4 24 | — | $-293.0K | ||
| Q3 24 | $-652.0K | $-2.1M | ||
| Q2 24 | $-872.0K | $-840.0K | ||
| Q1 24 | $-82.0K | $-2.2M |
| Q4 25 | $-21.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-301.0K | ||
| Q3 24 | — | $-2.1M | ||
| Q2 24 | — | $-1.0M | ||
| Q1 24 | — | $-2.3M |
| Q4 25 | -1143.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -7.5% | ||
| Q3 24 | — | -77.8% | ||
| Q2 24 | — | -46.4% | ||
| Q1 24 | — | -102.3% |
| Q4 25 | 0.8% | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | — | 0.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLNE
| Beeline Title Holdings | $1.4M | 73% |
| Other | $498.0K | 27% |
MSN
| Products | $1.8M | 95% |
| Other | $87.0K | 5% |
