vs

Side-by-side financial comparison of Bionano Genomics, Inc. (BNGO) and Heritage Distilling Holding Company, Inc. (IPST). Click either name above to swap in a different company.

Bionano Genomics, Inc. is the larger business by last-quarter revenue ($8.0M vs $4.7M, roughly 1.7× Heritage Distilling Holding Company, Inc.). Bionano Genomics, Inc. runs the higher net margin — -99.8% vs -6862.0%, a 6762.2% gap on every dollar of revenue.

Bionano Genomics develops and commercializes proprietary optical genome mapping technology and diagnostic solutions. Its products detect large structural genomic variants with high precision, serving global research institutions, biopharma firms, and clinical labs for oncology, rare disease, and reproductive health use cases.

Newport Craft Brewing & Distilling Company is a brewery and distillery located in Newport, Rhode Island. Established in 1999 as the Coastal Extreme Brewing Company, it was the first microbrewery in Newport and began distilling operations in 2006. The company produces a range of beers and spirits that are distributed in the Northeastern United States. In 2018 it adopted its current name to reflect its combined brewing and distilling operations. Newport Craft is owned by Audrain Hospitality Gro...

BNGO vs IPST — Head-to-Head

Bigger by revenue
BNGO
BNGO
1.7× larger
BNGO
$8.0M
$4.7M
IPST
Higher net margin
BNGO
BNGO
6762.2% more per $
BNGO
-99.8%
-6862.0%
IPST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BNGO
BNGO
IPST
IPST
Revenue
$8.0M
$4.7M
Net Profit
$-7.9M
$-323.7M
Gross Margin
42.8%
68.5%
Operating Margin
-107.4%
-2622.6%
Net Margin
-99.8%
-6862.0%
Revenue YoY
-2.6%
Net Profit YoY
60.6%
EPS (diluted)
$-0.12
$-31.89

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
BNGO
BNGO
IPST
IPST
Q4 25
$8.0M
$4.7M
Q3 25
$7.4M
$3.0M
Q2 25
$6.7M
$1.3M
Q1 25
$6.5M
$1.1M
Q4 24
$8.2M
Q3 24
$6.1M
$1.8M
Q2 24
$7.8M
Q1 24
$8.8M
Net Profit
BNGO
BNGO
IPST
IPST
Q4 25
$-7.9M
$-323.7M
Q3 25
$-8.5M
$196.3M
Q2 25
$-6.9M
$-7.3M
Q1 25
$-3.1M
$-3.0M
Q4 24
$-20.1M
Q3 24
$-44.2M
$-3.4M
Q2 24
$-16.2M
Q1 24
$-31.4M
Gross Margin
BNGO
BNGO
IPST
IPST
Q4 25
42.8%
68.5%
Q3 25
45.7%
61.3%
Q2 25
51.6%
17.2%
Q1 25
45.5%
24.9%
Q4 24
41.9%
Q3 24
-139.1%
35.8%
Q2 24
33.3%
Q1 24
32.2%
Operating Margin
BNGO
BNGO
IPST
IPST
Q4 25
-107.4%
-2622.6%
Q3 25
-115.9%
-38.4%
Q2 25
-115.8%
-503.0%
Q1 25
-131.1%
-224.5%
Q4 24
-146.3%
Q3 24
-722.9%
-118.1%
Q2 24
-219.0%
Q1 24
-354.9%
Net Margin
BNGO
BNGO
IPST
IPST
Q4 25
-99.8%
-6862.0%
Q3 25
-115.4%
6566.2%
Q2 25
-101.8%
-551.9%
Q1 25
-48.0%
-277.8%
Q4 24
-246.5%
Q3 24
-728.6%
-194.9%
Q2 24
-208.8%
Q1 24
-358.3%
EPS (diluted)
BNGO
BNGO
IPST
IPST
Q4 25
$-0.12
$-31.89
Q3 25
$-1.59
$16.97
Q2 25
$-1.99
$-0.77
Q1 25
$-1.15
$-0.34
Q4 24
$-7.05
Q3 24
$-30.92
$-160.41
Q2 24
$-14.41
Q1 24
$-35.75

Balance Sheet & Financial Strength

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

Metric
BNGO
BNGO
IPST
IPST
Cash + ST InvestmentsLiquidity on hand
$3.0M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$44.4M
$98.2M
Total Assets
$73.6M
$108.8M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNGO
BNGO
IPST
IPST
Q4 25
$3.0M
Q3 25
$3.1M
Q2 25
$3.6M
Q1 25
$3.6M
Q4 24
$9.2M
Q3 24
$8.8M
Q2 24
$10.4M
Q1 24
$15.8M
Total Debt
BNGO
BNGO
IPST
IPST
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$13.0M
Q1 25
$13.0M
Q4 24
Q3 24
$15.0M
Q2 24
Q1 24
Stockholders' Equity
BNGO
BNGO
IPST
IPST
Q4 25
$44.4M
$98.2M
Q3 25
$49.8M
$420.4M
Q2 25
$45.4M
$-2.9M
Q1 25
$48.2M
$-329.0K
Q4 24
$35.4M
Q3 24
$48.9M
$-34.0M
Q2 24
$80.3M
Q1 24
$82.8M
Total Assets
BNGO
BNGO
IPST
IPST
Q4 25
$73.6M
$108.8M
Q3 25
$79.1M
$482.8M
Q2 25
$76.0M
$26.5M
Q1 25
$78.4M
$27.1M
Q4 24
$76.7M
Q3 24
$87.4M
$31.1M
Q2 24
$129.4M
Q1 24
$158.0M
Debt / Equity
BNGO
BNGO
IPST
IPST
Q4 25
0.03×
Q3 25
0.01×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BNGO
BNGO
IPST
IPST
Operating Cash FlowLast quarter
$-4.2M
$-7.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNGO
BNGO
IPST
IPST
Q4 25
$-4.2M
$-7.5M
Q3 25
$-5.9M
$-4.3M
Q2 25
$-3.5M
$-1.5M
Q1 25
$-2.8M
$-2.0M
Q4 24
$-6.5M
Q3 24
$-13.3M
Q2 24
$-21.0M
Q1 24
$-28.1M
Free Cash Flow
BNGO
BNGO
IPST
IPST
Q4 25
Q3 25
$-4.3M
Q2 25
$-1.5M
Q1 25
$-2.0M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
BNGO
BNGO
IPST
IPST
Q4 25
Q3 25
-144.7%
Q2 25
-115.3%
Q1 25
-187.6%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
BNGO
BNGO
IPST
IPST
Q4 25
0.0%
Q3 25
1.5%
Q2 25
0.9%
Q1 25
1.6%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
BNGO
BNGO
IPST
IPST
Q4 25
Q3 25
-0.02×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BNGO
BNGO

Segment breakdown not available.

IPST
IPST

Direct To Consumer$3.0M63%
Wholesale$1.2M26%
Other$517.7K11%

Related Comparisons