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Side-by-side financial comparison of BARFRESH FOOD GROUP INC. (BRFH) and Solid Power, Inc. (SLDP). Click either name above to swap in a different company.
BARFRESH FOOD GROUP INC. is the larger business by last-quarter revenue ($5.4M vs $3.6M, roughly 1.5× Solid Power, Inc.). On growth, BARFRESH FOOD GROUP INC. posted the faster year-over-year revenue change (94.5% vs -18.6%). BARFRESH FOOD GROUP INC. produced more free cash flow last quarter ($426.0K vs $-23.0M). Over the past eight quarters, BARFRESH FOOD GROUP INC.'s revenue compounded faster (38.4% CAGR vs -21.9%).
Barfresh Food Group Inc. is a specialized food and beverage firm that develops, manufactures, and distributes frozen ready-to-blend smoothies, frappes, and related beverage products. Its core client base includes quick service restaurants, K-12 schools, healthcare facilities, and hospitality operators across North America, delivering portion-controlled, easy-to-prepare solutions that cut down on front-of-house preparation work for food service partners.
Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.
BRFH vs SLDP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.4M | $3.6M |
| Net Profit | $-763.0K | — |
| Gross Margin | 2.9% | — |
| Operating Margin | -28.9% | -730.1% |
| Net Margin | -14.1% | — |
| Revenue YoY | 94.5% | -18.6% |
| Net Profit YoY | 10.4% | — |
| EPS (diluted) | $-0.04 | $-0.15 |
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 | $5.4M | $3.6M | ||
| Q3 25 | $4.2M | $3.7M | ||
| Q2 25 | $1.6M | $6.5M | ||
| Q1 25 | $2.9M | $6.0M | ||
| Q4 24 | $2.8M | $4.5M | ||
| Q3 24 | $3.6M | $4.7M | ||
| Q2 24 | $1.5M | $5.1M | ||
| Q1 24 | $2.8M | $6.0M |
| Q4 25 | $-763.0K | — | ||
| Q3 25 | $-290.0K | $-25.9M | ||
| Q2 25 | $-880.0K | $-25.3M | ||
| Q1 25 | $-761.0K | $-15.2M | ||
| Q4 24 | $-852.0K | — | ||
| Q3 24 | $-513.0K | $-22.4M | ||
| Q2 24 | $-1.0M | $-22.3M | ||
| Q1 24 | $-449.0K | $-21.2M |
| Q4 25 | 2.9% | — | ||
| Q3 25 | 36.7% | — | ||
| Q2 25 | 31.1% | — | ||
| Q1 25 | 30.7% | — | ||
| Q4 24 | 26.2% | — | ||
| Q3 24 | 34.6% | — | ||
| Q2 24 | 34.8% | — | ||
| Q1 24 | 41.4% | — |
| Q4 25 | -28.9% | -730.1% | ||
| Q3 25 | -6.1% | -654.4% | ||
| Q2 25 | -53.4% | -398.9% | ||
| Q1 25 | -25.2% | -399.4% | ||
| Q4 24 | -29.5% | -561.1% | ||
| Q3 24 | -13.7% | -593.2% | ||
| Q2 24 | -68.6% | -530.8% | ||
| Q1 24 | -15.8% | -433.1% |
| Q4 25 | -14.1% | — | ||
| Q3 25 | -6.9% | -693.1% | ||
| Q2 25 | -54.2% | -390.7% | ||
| Q1 25 | -26.0% | -251.8% | ||
| Q4 24 | -30.6% | — | ||
| Q3 24 | -14.1% | -482.0% | ||
| Q2 24 | -69.1% | -438.9% | ||
| Q1 24 | -15.9% | -356.2% |
| Q4 25 | $-0.04 | $-0.15 | ||
| Q3 25 | $-0.02 | $-0.14 | ||
| Q2 25 | $-0.06 | $-0.14 | ||
| Q1 25 | $-0.05 | $-0.08 | ||
| Q4 24 | $-0.06 | $-0.16 | ||
| Q3 24 | $-0.03 | $-0.13 | ||
| Q2 24 | $-0.07 | $-0.13 | ||
| Q1 24 | $-0.03 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $250.8M |
| Total DebtLower is stronger | $766.0K | — |
| Stockholders' EquityBook value | $1.3M | $415.7M |
| Total Assets | $12.8M | $455.1M |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $250.8M | ||
| Q3 25 | — | $251.2M | ||
| Q2 25 | — | $230.9M | ||
| Q1 25 | — | $240.9M | ||
| Q4 24 | — | $118.2M | ||
| Q3 24 | — | $132.0M | ||
| Q2 24 | — | $140.5M | ||
| Q1 24 | $1.2M | $146.6M |
| Q4 25 | $766.0K | — | ||
| Q3 25 | $596.0K | — | ||
| Q2 25 | $176.0K | — | ||
| Q1 25 | $200.0K | — | ||
| Q4 24 | $223.0K | — | ||
| Q3 24 | $246.0K | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.3M | $415.7M | ||
| Q3 25 | $1.9M | $381.2M | ||
| Q2 25 | $2.0M | $370.6M | ||
| Q1 25 | $2.8M | $397.1M | ||
| Q4 24 | $578.0K | $410.3M | ||
| Q3 24 | $1.4M | $439.4M | ||
| Q2 24 | $1.7M | $456.8M | ||
| Q1 24 | $2.5M | $479.4M |
| Q4 25 | $12.8M | $455.1M | ||
| Q3 25 | $6.8M | $416.1M | ||
| Q2 25 | $3.8M | $398.0M | ||
| Q1 25 | $5.3M | $419.4M | ||
| Q4 24 | $3.3M | $448.3M | ||
| Q3 24 | $3.8M | $470.9M | ||
| Q2 24 | $3.3M | $492.6M | ||
| Q1 24 | $4.7M | $516.2M |
| Q4 25 | 0.58× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.18× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $507.0K | $-18.4M |
| Free Cash FlowOCF − Capex | $426.0K | $-23.0M |
| FCF MarginFCF / Revenue | 7.9% | -633.0% |
| Capex IntensityCapex / Revenue | 1.5% | 126.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.9M | $-83.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $507.0K | $-18.4M | ||
| Q3 25 | $-598.0K | $-14.3M | ||
| Q2 25 | $-1.1M | $-14.4M | ||
| Q1 25 | $-506.0K | $-26.3M | ||
| Q4 24 | $-685.0K | $-13.9M | ||
| Q3 24 | $5.0K | $-9.9M | ||
| Q2 24 | $-780.0K | $-11.1M | ||
| Q1 24 | $-769.0K | $-29.1M |
| Q4 25 | $426.0K | $-23.0M | ||
| Q3 25 | $-650.0K | $-14.8M | ||
| Q2 25 | $-1.1M | $-17.1M | ||
| Q1 25 | $-534.0K | $-28.6M | ||
| Q4 24 | — | $-18.6M | ||
| Q3 24 | $-52.0K | $-12.6M | ||
| Q2 24 | — | $-15.5M | ||
| Q1 24 | — | $-33.1M |
| Q4 25 | 7.9% | -633.0% | ||
| Q3 25 | -15.4% | -397.6% | ||
| Q2 25 | -69.8% | -264.2% | ||
| Q1 25 | -18.2% | -476.1% | ||
| Q4 24 | — | -416.5% | ||
| Q3 24 | -1.4% | -271.5% | ||
| Q2 24 | — | -305.8% | ||
| Q1 24 | — | -556.3% |
| Q4 25 | 1.5% | 126.5% | ||
| Q3 25 | 1.2% | 15.3% | ||
| Q2 25 | 4.1% | 41.5% | ||
| Q1 25 | 1.0% | 39.1% | ||
| Q4 24 | — | 105.5% | ||
| Q3 24 | 1.6% | 59.7% | ||
| Q2 24 | — | 86.8% | ||
| Q1 24 | — | 68.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRFH
| Raw And Processed Milk | $2.7M | 51% |
| Other | $2.7M | 49% |
SLDP
Segment breakdown not available.
